How I Screwed Up My Uber Investment

#QOTD: What weaknesses of yours are you giving thanks for? And be honest. This will help you.

Someone by the name of Tommy Mottola (look him up) once told me that he wouldn’t try and sell anything until the artist he was working with and the product they were creating (in this case music) were ready. And I agree with that to some extent because if you’re going to sell something you need to make sure that those ready to buy it can actually do so, but it also needs to make sense for the context involved. So let me explain. 

If you’re able to achieve and execute on business objectives by building out content and pushing your product or business without the need of a fully built website, then by all means, go for it. By creating content you’re beginning the journey of how your story will unfold. The reception of this content will also allow you to test and learn and understand the best approach to creating future content once your business and website are ready for the masses. That process you simply don’t want to miss out on. 

And so, a big issue I’ve been seeing is that people are too reluctant to sell against the communities and the impressions they’ve established on social. Too many people are caught up on only leveraging their website for banner ads but selling against social audiences is essentially the same thing. If you’re creating valuable content that’s living on social then you might as well take advantage of that opportunity. Don’t get caught up in only monetizing on the platform that you fully own when there’s a world of opportunity that exists through the channels you’re deciding to put your content on. 

So in short – If the opportunity to create content presents itself and makes sense for the objectives of the business you’re trying to build, then my suggestion is to go ALL IN and get moving. NOW.

Laura Bosch

Laura is WhatPod's Business Editor. Laura began her career working in Marketing, before moving into Mergers & Aquisitions and becoming a freelance consultant in Strategic Business Development in 2012. A veteran of long haul air travel, she splits her time between Melbourne, Australia and Brighton, UK. Got a podcast to suggest ? Contact Laura (laura.bosch@whatpod.com.au)