Simon Owens

The next era for freelancers, full-time writers, and solo creators

by

I woke up this morning, the sun shining into my eyes, an eager French bird chirping outside my window because it was almost 7am.

I groaned and realized it’s time to get up and get to work. In a few hours’ time, my friends, still asleep in various bedrooms around this cave-like Paris AirBnb, will wake up too. And by then, I will have to have this email finished.

I can tell you now, it won’t be easy.

I struggled during the night with a comforter that was too hot, a mosquito that wouldn’t shut up, and the effects of the first glass of alcohol I’ve had in months. The result is I’m tired this morning, and my brain is more foggy than usual.

“Let me read some stuff on the Internet,” I said. “Maybe that will help.” And lo — the email gods rewarded me with an article full of valuable and relevant ideas I can share with you today.

The article came from Simon Owens, somebody I’ve written about before in these emails. Owens is a journalist who covers the media landscape in his Substack newsletter.

Two interesting bits from Owens’s article:

1. The recent collapses of new media companies like Buzzfeed and Vox have left thousands of journalists, writers, and clickbait creators without a job. It’s not unlike the situation in the direct response space a few years ago, after Agora got into legal trouble and it put a chill on the whole industry.

2. The owners of media outlets and info businesses are realizing that freelancers just aren’t worth it. From Owens’s conversation with one such business owner: “Not only were they expensive to hire, but he also had to waste a lot of time editing their work so it met his quality standards.”

So if traditional employee-based companies that pump out content are failing… and if entrepreneurs are starting to realize that freelancers are a bum deal… where does that leave us?

You might say it leaves us with the creator economy — with all those unemployed journalists, writers, and clickbait creators going out and starting their own Substack or TikTok or OnlyFans.

​​Maybe so. But it’s harder to make that work than your Twitter feed might make you believe. From Owens’s article again:

“I’m on record as being an optimist about the future of the Creator Economy; I think we’re at the very early stages of an entrepreneurial media explosion. But at the same time, I’m a realist about how damn hard it is to launch and build a sustainable bootstrapped media business, especially as a solo operator. Not only can it require years of financial runway, but it’s also difficult for a single person to juggle a variety of tasks that include content creation, marketing, and business development.”

So? Where does all this really leave us?

Owens says it leaves us in a brave new world of partnerships, cooperatives, and jointly-created products. He gives examples of how each of these is already being done by people who create content and have an audience, and who are trying to monetize that content and audience, beyond just the work they can do themselves.

If you are running or want to run an info publishing businesses, or your own creator studio, then Owens’s article is worth a read. It might give you an idea that might mean the difference between failure and success in what you do.

And if you are currently a freelancer, or even a full-time employee at a marketing-led business, then Owens’s article is worth a read also, if only for an uncomfortable but possibly life-saving glimpse into what the future might bring unless you adapt.

In either case, if you are interested, here’s the link to Owens’s piece:

https://simonowens.substack.com/p/the-next-era-for-bootstrapped-media

The old future of new newsletters

by

I’m a regular reader of Simon Owen’s Tech and Media Newsletter — it’s an insightful rag. For example:

A few weeks ago, Owens wrote a piece about the future of new media startups, and what those will look like.

He made five predictions. One of those was “niche editorial products.”

Here’s a relevant bit from Owens’s article, where he is writing about Axios, a conglomerate of email newsletters (free and paid) that sold for a thumping $525 million back in August:

What most impressed me about the company was how it simultaneously managed to be a general interest news site while also funneling its audience into niche verticals, making it much easier for it to deliver highly targeted advertising and industry-specific subscription products.

In other words, Axios offers general and free newsletters on the front-end… and specific and expensive newsletters on the back end.

When you put it like that, this ain’t nothing new:

1. Write something like Dale Carnegie’s How to Win Friends and Influence People. Give it away for free or sell it for $0.46 on Kindle.

2. And then, to the people who bought the book, sell something like the Dale Carnegie Institute’s High Impact Presentations corporate training, which consists of two in-person sessions, and costs $2,195.

So Owens’s prediction might not be new, but it’s still a good reminder for each new generation and each new technology.

And it’s something I’m thinking about, especially in the context of email newsletters. If you have a highly niched offer, it might be something for you to think about also.

Meanwhile, let me remind you that this basic idea is not just about offers. The same idea actually applies to copywriting, marketing, and effective communication of all types.

In fact, everything I’ve just told you is related to “chunking up”, which is the first big and new copywriting insight I had by looking at the bullets of A-list copywriters.

The way I describe it inside my Copy Riddles program, “chunking up” allows you to expand your market 3x, 5x, or more.

Which goes to show:

Once you learn the essence of effective communication — once you learn to make interesting and attractive appeals — you can then apply that from a single sales bullet all the way up to the core structure of a $525-million business like Axios.

Perhaps you’re curious to learn more. Perhaps you want specific examples from print ads, video sales letters, and paperback books.

Perhaps you even want to practice chunking up yourself, so next time you try to get your message or offer across, it comes naturally.

You can do all that, and more, if you buy Copy Riddles, which I am currently selling. For more info on that:

https://bejakovic.com/cr/

High-quality content is a bad investment for most businesses

by

In a recent newsletter, media watcher Simon Owens wrote that high-end, narrative podcasts are a bad investment for most businesses. Cheap, conversational podcasts are a much smarter bet. This made my long and I believe quite attractive ears perk up.

Why is producing high-production-value, valuable content such a bad idea? Simon shares his own experience:

But here we are just two years later, and most of the narrative shows are gone from my own podcast feed. The transition occurred gradually. I’d find myself looking forward to new episodes of the conversational podcasts, whereas listening to the scripted ones just felt like homework. My mind would drift during crucial plot points, which meant skipping back several minutes so I could regain my narrative foothold. In many cases, the narrative series I listened to died off after a single season, and I just didn’t have the energy to try out new ones. Today, only four out of the 23 shows I regularly listen to hinge on a storytelling structure.

Simon says, of course there is still some space for fancy narrative podcasts like Serial, and there will always be some audience. But for most businesses, investing in this kind of content is a losing game.

Like I said, my ears were very perky after reading this.

“What if it’s not just podcasts?” I said to myself. The question is not about complex storytelling versus unscripted conversations. The question is whether your content feels like homework or not.

Or maybe the question is really this:

Is the high production value you put into your content helping your case — or actually hurting it? This might be something to think about if you have a podcast, or a YouTube channel, or — an email newsletter.

But here’s something else to think about:

People don’t just sign up to conversational podcasts. Not just like that. Nobody sets out looking for a random and unknown person to listen to.

No, people initially start listening to conversational podcast because the podcast is recommended by somebody… or because a snippet of it is surprising or fun… or, most likely, because the podcaster has some kind of standing, authority, or status.

Which brings me to my Most Valuable Email training.

It’s about an email copywriting trick. This trick produces surprising content. Content which gets recommended and shared by readers to other potential readers. And which builds up your perceived standing, authority, and status, by you doing nothing more than writing valuable emails regularly… which don’t feel like homework to read.

In case you have an email newsletter around marketing or copywriting, or want to start one, this Most Valuable Email training might be a good investment. To find out more about it:

https://bejakovic.com/mve/

The future of continuity offers for publishing businesses

by

I have this friend who makes a lot of money but leads a very isolated and dull life. As a result, he spends much of his money on ridiculous, overpriced purchases.

For example, a while ago, he bought a $2,000 Japanese smart toilet. He had it shipped from Japan and installed in his house in Baltimore.

This morning, I thought of my friend and his foot-massaging, storybook-reading, life-coaching toilet. I imagined him going to his master bathroom… using his smart toilet for its core functionality… and attempting to flush. But instead of hearing the satisfying rush of water, a soothing female voice would say:

“Thank you for using SmartAsshin! Your subscription to the Flusshi® function has now expired. To renew your Flusshi® subscription, please visit smartasshin.com.”

That might sound ridiculous. But it’s not entirely out of the realm of the possible.

A couple days ago, I read that BMW has been trying out subscriptions for things like heated car seats.

The idea is that each new BMW comes fully equipped with all the extras. But in order to activate any of the extras, you have to pay. Monthly.

As the folks at BMW argue it, this system actually makes a lot of sense.

It allows people to try out functionality before committing.

It allows buyers to upgrade their car as they can afford to do it.

Plus it makes the resale value of the car greater. The functionality of the car no longer depends on the choices of the initial buyer.

Of course, BMW buyers don’t see it that way. They are furious, and there is a lot of backlash. I guess see it as a variation of my scenario above, with the Japanese smart toilet.

And now to get deadly serious.

Smart marketers, in particular smart direct marketers, have long known:

Continuity offers are where it’s at.

Of course, BMW story shows it ain’t so simple. Put a part of your usual service behind a paywall, and you can face indifference, or perhaps backlash.

It will be interesting to see what happens with BMW and their heated seats by the month.

Meanwhile, if you have a business… and your offer is not inherently a subscription like a streaming service or a newsletter… then it’s past time to start thinking how to integrate subscriptions into your offers.

And if you are looking for ideas for how to do it, without triggering a backlash, then check out the article below.

It comes from Simon Owens, somebody I’ve written about before. Owens publishes a Substack newsletter, covering media and publishing businesses.

In the article below, he talks about three subscription models he has seen. None of them involves hiding more of your content behind a paywall.

Of course, you don’t have to check out Owens’s article.

You can also just stay put.

In time, I will probably take Owens’s ideas… pad them out with a few other good things I find… and repackage them into a product, which I will offer to you later. Perhaps inside some kind of continuity offer.

But in case you don’t want to wait for that, you can do some of that work yourself right now. Here’s the link:

https://simonowens.substack.com/p/thinking-outside-the-box-with-paid

What’s working on Substack right now

by

I’m currently subscribed to 27 Substack newsletters. Not all of those mail me anything regularly. But the ones that do have largely become my source of news, randomly interesting articles, and pop culture contact.

Since I write an email newsletter myself, every day, which you are reading right now, I’m very curious about the Substack phenomenon.

Could this be an opportunity for me? Should I start a persuasion-themed Substack newsletter?

Should I reposition myself as a Substack marketing expert?

Should I simply start publishing serialized fantasy literotica, inspired by Greek and Roman history, under some flowery pseudonym, and host it on Substack?

More on all those questions in a future email.

For today, I just want to share a bit of what’s working on Substack right now.

I recently signed up to Simon Owens’s Media Newsletter. That’s where Simon publishes his analysis of the media and publishing industry, including digital formats like Substack.

Owens’s most recent article says that across the media landscape, companies are struggling to corral new paid subscribers.

It’s not just Netflix, which I wrote about a few days ago. Other traditional and online publishers, from The Atlantic to Quartz, have either reached the limits to the growth of paid subscribers, or are actually seeing their paid subscriber numbers shrinking.

But as Owens says, “the longer you spend in publishing, the more you realize everything is cyclical.”

And so it seems the trend today in various publishing businesses is to loosen up the content behind paywalls… rely less on paid subscribers… and rely more on…

Ads.

Guess who’s back? Ads are back.

You’ve probably seen ads if you are signed up to any big-name email newsletter like The Morning Brew. The Morning Brew was bought a couple of years ago, for $75 million, on the strength of its advertising reach alone.

The Morning Brew has millions of subscribers. But even smaller newsletters, like Josh Spector’s For The Interested, which I wrote about recently, is making a healthy $48k per year, just by showing ads to a fairly small audience of 18k subscribers.

And what about Substack?

​​Well, Owens’s newsletter is hosted on Substack. And since the guy analyzes what’s working in media right now, you might conclude his own Substack might be a clue to what to do.

Owens does have a subscription option, but it’s only to be able to ask him questions. There is no content that is hidden behind the subscription. ​​

On the other hand, you can buy a 200-word ad in his weekly newsletter for $400.

Owens’s newsletter has fewer than 5k subscribers. Is $400 a lot of money just to reach some fraction of 5k people?

Apparently not, because the ad slot was filled in each of Owens’s recent issues. And perhaps it genuinely pays for the advertisers — Owens says that of his 5k subscribers, many are executives at big name media outlets or tech companies.

So what’s the point of all this?

No point. I’m just trying to give you a different perspective on how you can make money, even if you’re a hardcore direct response business, with a classic-themed daily email like this one.

The world is always changing. Exciting opportunities are popping up all the time. And the only thing that’s constant is the demand for ancient-Greece-themed fantasy literotica.

In other news:

I am not opening up my own daily emails to advertising, at least not yet. But if you’d like to read more articles like this one, and maybe see how I make money from my daily email newsletter, without ads and without a subscription, then you can sign up here.