Another fabulous Fast Company article that looks at how talent will get paid. One word: sponsorships. That’s right, those who have a following are collaborating with those who want to tap into new markets.
While this article talks about artists and musicians, just insert the word “expert” and you’ll see the similarities. Look at the roles: Silicon Valley builds the platform, Hollywood brings the star power and Madison Ave has the money. It’s a three-way match made in heaven. And the co-create theme highlights partnership, not the “hey, give me money because I’m good”.
Don’t let the “big” examples in the article scare you off. Use the best practices here on a smaller scale, and you’re set to go. How to apply this dynamic to our situation: if we use technology to build a community of avid followers, others will join forces with us because of that community. The key is not just size — it’s demographic. If your community is small but influential, you can still attract Madison Avenue-type sponsors.
Perhaps this can be your New Year’s resolution: I will build a community that others will pay to access. Something to think about…




