🚢 Atomic Essay #21: “Find Your Niche” Is Terrible Advice
Creators who stand out don’t “find” their niche.

The reason why is hidden in the phrase above. 👆
Finding your niche is another way of saying “figuring out where you fit in.” And people who stand out don’t fit anywhere. Which is the whole reason why they capture and keep people’s attention.

They are different.
“Find Your Niche” is terrible advice.

Just like “Product-Market Fit” is an underwhelming aspiration.
Both of these phrases imply that your best path forward is to find an existing market and try to wedge yourself into the middle of it. Your job is to take attention that is already swarming around existing creators/companies and “steal” some away for yourself.
In short: it encourages a mindset of competition.

Meanwhile, creators and startups that create new categories of their own end up winning the game.
In December, 2020, HBR published an article titled, The Creator Economy Needs A Middle Class.

hbr.org/2020/12/the-cr…
The writer’s argument was the Creator Economy is imbalanced because the top 1% capture the lion’s share of the economics. For example, “On Spotify, the top 43,000 artists—roughly 1.4% of those on the platform—pull in 90% of royalties.”
What the article fails to acknowledge however is the role category design plays in the outcome of creator (and startup) earnings.
When you successfully create a category of which you are King, you capture 76%+ of the economics. And if you don’t (if you to compete within an existing category where someone else is already King) well, then you don’t.
“Find Your Niche” is dangerous advice, because it implies your best path forward is to compete with other people.

“Create Your Niche” is far better.

You don't want to fit in.
For more insights on Category Creation and Category Design, subscribe to Category Pirates 🏴‍☠️🦜👇

Every week, @lochhead @EddieWouldGrow and I publish a letter on how to Create, Design, and Dominate new categories.

categorypirates.substack.com

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Nicolas Cole

Nicolas Cole Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Nicolascole77

26 Jan
[THREAD]: Here are 10 (painful) lessons I've learned writing 3,000+ articles on the internet over the past 7 years.

On writing advice, growth hacks, going viral, and feeling fulfilled in the process 👇
1/ There is only 1 secret to online writing.

Volume wins.

There isn't a writing platform on the internet where this ISN'T the case. Social platforms. Major publications. Every growth period of my writing career happened during months/years of consistent volume.

Period.
2/ Growth hacks are overrated.

In my early 20s, I spent a LOT of time reading digital marketing blogs about how to get 50% more views here, or 20% more subscribers there.

A lot of it is mental masturbation.

You're far better off just consistently creating new content.
Read 12 tweets
21 Jan
This morning's Daily Writing Habits newsletter was about the difference between writing CLEARLY and COMPLICATED-LY.

Here's a brief explanation 👇

dailywritinghabits.substack.com/p/write-at-a-5…
99% of readers don't care whether your writing is written at a 5th grade or 8th grade or collegiate level.

What they care about is that they can UNDERSTAND you.

Clarity is all that matters.
Aspiring writers waste a lot of energy trying to "sound" professional, or "sound" intelligent.

The end result is their writing comes across as the opposite.

The reader can FEEL you are trying too hard.

And they end up confused as to what you're actually trying to say.
Read 5 tweets
21 Jan
🚢 Atomic Essay #18: “Nobody Makes A Living As A Writer”
My very last week of college, all my teachers ran through the same speech:
“Writing is thankless work. It’s hard. It doesn’t pay very well. When you do the math on the hours you spend writing and what you end up earning in the end, you’re making pennies on the dollar. Nobody makes a living as a writer.”
Read 12 tweets
21 Jan
My name is Nicolas Cole, and I'm a writer, ghostwriter, and entrepreneur.

Want the full story? Start here 👇
I started writing online early on.

At 17 years old, I was one of the highest-ranked World of Warcraft players in North America, and one of the first e-famous gaming bloggers on the internet.

I wrote a book about it, called Confessions of a Teenage Gamer. amzn.to/3p7ffYc
After HS, I spent a year at University of Missouri studying journalism. Wasn't my thing.

My sophomore year, I transferred to @ColumbiaChi and studied Poetry, then Music Production, then Piano Performance, before finally settling in Fiction Writing.
Read 15 tweets
20 Jan
ANNOUNCEMENT! Category Pirates 🏴‍☠️🦜

In collaboration with @lochhead & @EddieWouldGrow, we are launching the authority newsletter on Category Creation & Category Design.

Newsletter will go out every Wednesday ⛵️

categorypirates.substack.com/p/if-you-dont-…
The newsletter will cover topics such as:

- How to create new categories and redesign existing categories.

- Why "Product-Market Fit" is flawed & dangerous thinking, and what you should be focused on instead.

- Why category creators generate outsized returns for investors.
Through our research, we found that 21% of the 600ish companies on the Fortune 100 list are category creators. For 79% of fast-growing companies, $1.00 of revenue growth = $1.77 in market cap growth.

For the 21% category creators, $1.00 of revenue growth = $4.82—nearly 3x more
Read 5 tweets
20 Jan
When I was 26 years old, I started my first company with one of my closest friends.

18 months later, we had 20 full-time employees & several million in revenue.

❌💸Here are the mistakes we made that cost us hundreds of thousands of dollars ❌💸👇👇👇
Mistake #1: Scaling the wrong product.

Our V1 offering was 12 ghostwritten articles per month for 1 executive/founder client. That level of output was absurd, but at the time I was used to writing 1 new article per DAY for myself.

Clients signed up, but many fell behind.
Every time a client fell behind, they would "pause" and then we'd be stuck with the balance of overdue articles, which ate into our profit margin heavily over time.

We scaled with that broken V1 product for months without even considering bringing the workload down.

Lost $$$
Read 27 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!