When that original content came out . . .
bam!
There was a ready-made
audience for it, which gave them leverage
to release shows of the
magnitude of
House of Cards
and
Orange Is the New Black
. Would they
have been as successful without Netflix’s built-in audience? It’s hard to say
for certain, but we do know that Netflix had been building their customer
base through licensed content for more than
fifteen years before they
released those original programs.
Jukin Media, known as the Getty Images for viral videos, has created a
very lucrative business because of content leveraging. Jukin licenses viral
user-generated videos from all over the world. It supplies content from its
channels and massive library to other people so they can leverage it to build
their brands. Jukin’s library of content includes hilarious fail clips (e.g.,
people falling off things, playing pranks), pet videos, and videos of people
doing amazing things (e.g., backflips, remarkable stunts).
It works with
some of the biggest TV shows and media companies in the world and some
of the biggest digital publishers and websites, including AOL, the
Huffington Post
, and Yahoo! The idea behind the company is that you can
rewatch
the same video many times; content can be repackaged and
repurposed. Jukin has figured out a way to extend the lifetime value of
content, which helps brands as it’s really hard to create content from scratch
because of the high costs associated with filmmaking.
Between YouTube
and Facebook, it currently has about eighty million followers, which has all
been built by leveraging the power of found footage and authentic content
created by other creators. Jukin’s team members have become experts and
have collected data about which types of content go viral organically.
Whether you’re running a company that’s struggling to generate
significant engagement on social platforms or someone who’s building a
personal brand from scratch, you can partner with other people or brands,
license and leverage others’ content, or join share and engagement groups
to get a more well-rounded content-strategy approach. You can still
prioritize and push your original content but
also leverage the power of
strategic alliances to significantly grow your audience and engagement.
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