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Should I start a podcast or write a book to build my authority? #22

May 29, 2022

Starting a podcast or writing a book are still 2 of the most popular ways to attract clients or build authority. Still, many experts are unsure whether they should start a podcast or write a book (or both). In this episode, I'll cover this in-depth and remove all confusion once and for all (it's not going to be what you might expect). Listen to today's episode to clear this up once and for all.

Timestamps:

[0:40] Why running a podcast is a long game and why it may not work for you

[1:22] What Dan Lok learned about his listeners based on his experience running a podcast.

[1:30] What does research show about people who listens to podcasts?

[1:41] What can writing a book contribute to you as a coach?

[2:04] What are the disadvantages of writing a book?

[2:24] What tool Dan Lok recommends to quickly grow your business into a global brand.

[3:30] What type of content does dominate the industry?

[3:39] How Dan Lok repurposes his contents to spread to different platforms and why you should do it too.

[3:57] What Dan Lok recommends to coaches or consultants who are getting started to build their audiences.

Transcript

Read Full Transcript

Today, we are going to talk about, should I start a podcast or write a book to build my authority? Now this is speaking from experience. I have written 13 books. I have multiple podcasts, tens of millions of downloads from my experience to start a podcast and monetize it podcast. It is a long game. So if your idea is to start a podcast today, and in a few days later, 30 days later, you’re gonna get clients. Don’t do it. It is a long game. When I say long game, I’m talking about 2, 3, 4 years. It is not the best way to attract clients. It is a very powerful way to build your brand, but it is a long game. So from my experience podcast, listeners don’t turn into buyers. At least not right away. That’s been my experience. We search shows on average, 45% of podcast listeners have an annual household income of more than $250,000.

It is a better audience. Now, on the other hand, you do a book. Now, a book, it is a very good positioning tool, right? A book. It is a what I call a progressive acceptance mechanism, right? Pam, it positions you well, you could use this as a business card. You could gift this away to potential clients. That’s good. But the problem with the book is it is very, very linear. You could be selling an e-book. You could be selling on Amazon, but chances are, you’re not gonna get distribution. I’m talking about reach from your book. It is not designed to build an audience and it’s not the quickest way to monetize your expertise. So what do I recommend? I recommend YouTube. YouTube took me from a local successful entrepreneur to a global brand. As we are recording this episode, we have more than 4 million subscribers on YouTube and growing to 10 million subscribers on YouTube in just a few years.

YouTube is a very powerful platform because Google owns YouTube, which happens to be the largest search engine on the internet. And YouTube is the second largest search engine on the internet. YouTube provides my brand and my company’s evergreen traffic, consistent traffic. Do we do pay ads. Of course we do. But when you stop the ads, the leads also stop. But YouTube by itself, it just keeps working and working and working and working why I’m such a big proponent of it. I advise experts, coaches, and consultants. You need to be on YouTube. Maybe you’re not comfortable in front of camera. You need training. You need to practice because this is a platform that you cannot ignore going forward. Video content is the type of content that dominates industry. It’s very, very important to have video content. The way I do it, I’m filming a video that I’m taking the audio and putting it on iTunes.

That’s my podcast. I am killing two birds with one stone. I am repurposing my content. I’m recycling my content. I’m finding ways to use it. And that’s how you should do it as well. So if you are getting started, you wanna monetize your expertise. You wanna scale your expertise. Do I recommend a podcast? Probably not. Do I recommend a book to bring an audience, use it as a business card as a conversion tool? That’s fine. But if you want to build an audience, I say, use organic YouTube, combine that with pay traffic. And that’s how you scale until then go high ticket.

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