Digital House of Cards: Navigating Platform Risk

Feb 8, 2024

Ever noticed how the ground shifts under our feet in digital marketing? It’s all about the platforms we rely on. Big changes are continually happening – changes that could shake up how we do business. Recent changes by major tech companies underscore a significant challenge for businesses: platform risk.

This issue isn’t abstract; it’s a concrete risk that can have immediate and profound impacts on operations and revenue.

Platform Peril

Consider the recent decision by Meta to restrict third-party access to Facebook Groups. This move alone has jeopardized the livelihoods of numerous businesses built around this access. For instance, one business reliant on this access, faced a catastrophic loss, highlighting the vulnerability of depending too heavily on platforms outside one’s control.

This situation isn’t unique. Reddit’s alteration in API pricing, Shopify’s updated terms of service, Twitter’s API cost restructuring, and Facebook’s algorithm changes have all similarly disrupted businesses.

These examples serve as stark reminders of the precarious position companies find themselves in when their digital marketing strategies are too closely tied to platforms they do not control.

The lesson here is clear: diversification and autonomy in digital strategy are not just advantageous but necessary. Businesses must prioritize establishing their platforms and channels to mitigate these risks. This involves developing a direct relationship with your audience through owned media and content, thus reducing dependency on third-party platforms.

In addition, digital marketers should continuously monitor platform policies and adjust their strategies accordingly. Being proactive rather than reactive can make all the difference. Adopting a flexible approach to digital marketing, one that anticipates change and adapts strategies in response, is crucial.

Investing in your website and its content is a practical step towards reducing platform risk. It gives you control over your messaging and a direct line to your audience, free from the unpredictable changes of third-party platforms. Your website is where you can genuinely connect with your audience and gather insights directly from their interactions, which is invaluable for tailoring your marketing strategies.

Domain Ownership is Key

Ultimately, success in digital marketing doesn’t just come from leveraging the latest tools or platforms but from understanding the inherent risks these external dependencies bring.

By focusing on building resilience into your digital marketing strategies, your business can navigate the uncertainties of platform risk, ensuring long-term sustainability and growth.

The Power of Momentum

Jan 1, 2024

The iconic run of 2014-15 by former Senators goaltender Andrew Hammond, the Hamburglar, perfectly illustrates momentum.

With the Senators sitting around .500 and both starter Craig Anderson and Robin Lehner injured, Hammond was called up from the minors.

After going 5-0 in his first games, he led the Senators to a 20–1–2 record, securing an unlikely Stanley Cup playoff berth. This incredible feat was a clear display of how each win builds more momentum, leading to greater success, but also a testament to the unexpected potential within all of us.

From the outside looking in, successful people can appear to be special or lucky. It’s easy to believe that those who’ve achieved success possess some unique trait or fortunate stroke of luck.

Yet, what I’ve discerned from my own path in the entrepreneurial landscape is that success is rarely about a sudden stroke of genius or a windfall of good fortune.

It’s about the cumulative power of momentum, the kind that Hammond harnessed on the ice. It’s a process of building, of gradual acceleration, where regular individuals, through persistence and consistent action, achieve extraordinary outcomes.

momentum

noun

mo·men·tum | \ mō-ˈmen-təm  , mə- \plural momenta\ mō-ˈmen-tə  , mə- \ or momentums

Definition of momentum

: strength or force gained by motion or by a series of events

The Snowball Effect

In business, just like in life, momentum works like a snowball rolling down a hill. It starts small, but with each success, it grows larger and faster. In my early days of web design and digital marketing, this principle became evident. Each project completed successfully added to my confidence and capabilities, building professional momentum.

The Mechanics of Momentum

This principle is simple yet profound: repeated actions lead to improved results. Consistency over time creates momentum, and momentum leads to success. As my business partner Eddy often points out, momentum is a two-way street. It can propel you to new heights or, if not properly managed, can lead to a decline.

  • Repeated actions lead to improved results.
  • Consistency over time creates momentum.
  • Momentum leads to success.

Throughout my entrepreneurial journey, I’ve seen momentum play out time and again. Each small victory in my agency, whether it was a successful campaign or a breakthrough with a client, contributed to a larger pattern of success. It’s about stringing together these wins, no matter how small, and keeping the momentum going.

The lesson for entrepreneurs is clear: momentum is a powerful ally. It’s the cumulative effect of your efforts and the resilience to keep pushing forward. In my experience, the key to harnessing this force lies in consistent effort and the willingness to innovate and adapt.



How to Carry Yourself in the Face of Crisis

Jun 12, 2020

As a founder of a successful digital marketing agency that’s been in business for almost a decade, with years of prior professional marketing experience in uber competitive industries like IT, hospitality, and media, I had yet to see anything similar to what has transpired over the course of the past month.

It has sent shockwaves through people and businesses across the globe. While uncertainty continues to be a strong theme, one certainty is that things will get better. 

Earlier this year, my business partner Eddy introduced me to the “Daily Gratitude” routine. Essentially it’s the morning ritual of focusing on things you are grateful for – major things such as your family, your health, your freedom, and your team.

In addition to these foundational pieces, you can also practice gratitude for the little things, from the warmth of the shining sun to the taste and smell of your morning coffee. Even “distressing” things can be reframed with gratitude: a full email inbox invites gratitude that you have some many clients you can help and serve; noisy kids running around the house during isolation invites gratitude that you have a healthy, energetic family.

The more appreciative you are, the more you can shift your mindset and can help to create a positive attitude. In times like this in particular, I have never been more grateful for everything in my life and this practice has really helped stay positive and focused in such a challenging time.

With the sweeping changes across our communities, including the switch up on our daily routine, a change in workplace, the sudden prominence of remote work, and the widespread lack of social interaction, each and every one of us is feeling the impact of COVID-19. 

As the weeks have progressed, and with the ups and downs, I have had lots of time to reflect on all of the challenges and opportunities that have come with the changes. With that here are 11 ways to carry yourself in the face of crisis:

Start with your mission.

For seoplus+ it is to “Make Life Better.” For our clients. For our team. This should be your north star in the face of crisis. Even at my lowest points, when I visualize our mission I immediately feel re-energized and re-focused. When could this mission be more meaningful than in challenging times? This is an opportunity to offer reassurance and solutions to make life better for everyone we interact with. Every company has a different mission, but it should be core to your values and act as a compass as you navigate these unprecedented times. 

Be positive. 

Positivity sets the tone. This is not to say you won’t have moments of distress, shock, fear, sadness, or anger. Every time you see a news update about a possible subsidy, your mood might spike, only to be followed by a call from a client to pause a campaign which brings you right down. However if you wallow in these feelings, you’re not helping yourself, your team, and your clients. When you set the tone with a positive outlook, you set the stage for a positive outcome. Choose to have a positive mindset and live it out in your daily behaviour and communications, and you will see others model the same behaviour.

Be thoughtful. 

We’re all human, after all. Let’s help each other in this time of need. Now is not the time for canned responses or automated follow-ups. This is our time to connect with each other and be truly grateful for what we have in life. Pick up the phone. Connect with each other. 

Be tactical.

Aim for lowest time investment which will yield the highest impact. Optimize where possible and take advantage of any extra time if you have it. Look for organic solutions on social media. Tons of eyes are on devices all day everyday during this time. The opportunity is now.

Demonstrate your expertise.

This is how you can be of value in this time. You are a leader for a reason. Provide help and guidance to those who need it. You can host a free webinar or Facebook Live Q/A session, or just let your people know your calendar is open if they need to talk. If you have the means, consider making charitable donations to the organizations and people who need it most. 

Be collaborative.

Teamwork is absolutely vital right now. Teammates who come together, win together. Strong bonds are forged in difficult times. Take advantage of the remote communication tools like Slack and Google Meet to keep your team pulling in the same direction. Now more than ever it’s important to keep the mood light and fun when you can, so don’t neglect virtual team building activities. Our team is still doing our weekly #TrainingThursdays lunch-and-learn, and we’ve scheduled a virtual games night as well. 

Communicate, be timely.

Now is the time to be proactive AND reactive. You want to be thoughtful and measured in what you say (I’m sure we’ve all read stories of companies who have botched their response to COVID-19 or crassly tried to capitalize on it), but you also need to have timely communication that speaks to the issues on people’s minds. Plan what you can, but know that you need to be flexible as news changes daily.  

Take advantage of the time.

When have we ever had the opportunity to have weeks of focus time? No sitting in traffic, virtually no interruptions, all in-person gatherings cancelled? This is your time to get ahead. Whether it’s using the time to work on your business systems and processes, conduct a nitty-gritty audit of your site architecture, or build out evergreen content to be published at a later date, be strategic with the use of your time and make it count. 

Be diligent, go above and beyond.

It is easy to be complacent in these times, especially outside of your normal routine. However, successful owners don’t take the easy road. And does complacency really align with your values or your mission? Instead, flip that instinct on its head. Now is the time to be more diligent, more hard-working, and more helpful than ever before. Go above and beyond in everything you do. You will make a difference for those around you and you will feel invigorated. 

Stay focused.

Some days, it feels like the world is repeating a holiday period on loop, where time has no meaning, diets are out the window, and pyjamas are the only attire. Don’t fall into this trap. Skip the video games and save Netflix binges for weekends, if at all. Be balanced and find routine wherever you can. Change into and out of “work clothes” when you’re on the clock, even if they’re casual. Get fresh air when you can. Exercise regularly. Eat healthy. 

Celebrate the wins.

Focus on the end goal. This is only temporary, things will return to normal sooner rather than later. Take your losses in stride and choose to celebrate the victories, big and small. Whether that’s signing a new client, retaining an existing client on a reduced package, or just celebrating a good deed, let yourself find joy where it can be had.

We don’t know when this crisis will be over, only that it will certainly end and life will return to normal in due time. I hope that these strategies can help you not only navigate these challenging times with a little more clarity, but also return to a better “normal” when it’s time: with a more positive and grateful mindset, a more tight-knit team, better relationships with clients, and a more robust plan for the future.