In episode #1124, we discuss when you should start using a new social network. Tune in to hear when you should leverage a trending new social network.

TIME-STAMPED SHOW NOTES:
[00:25] Today’s Topic: The Right Time to Jump into a New Social Network
[00:34] TikTok is a new social network that has taken off.
[00:45] It’s easier if you’re an early adopter, but if you have the money, wait for the new site to establish itself.
[01:15] Just because Snapchat is popular, doesn’t mean you can go in there and figure out how to monetize.
[02:35] Neil’s rule of thumb is that if a social network has less than $1 billion market cap, he doesn’t pay attention to them.
[02:50] Social networks are based off of user growth, not actual value.
[03:15] If the network is growing and they are being talked about, look into it.
[03:45] TikTok’s current revenue is well into the millions.
[03:47] That’s it for today!
[03:50] Go to Marketing School to check out a video that will help you grow your business and to sign up for our live Mastermind.

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What should we talk about next? Please let us know in the comments below.
Did you enjoy this episode? If so, please leave a short review.

Connect with us:
NeilPatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu



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In episode #1124, we discuss when you should start using a new social network. Tune in to hear when you should leverage a trending new social network. TIME-STAMPED SHOW NOTES: <ul> <li>[00:25] Today’s Topic: The Right Time to Jump into a New Social Network</li> <li>[00:34] <a href="https://www.tiktok.com/en/">TikTok</a> is a new social network that has taken off.</li> <li>[00:45] It’s easier if you’re an early adopter, but if you have the money, wait for the new site to establish itself.</li> <li>[01:15] Just because <a href="https://www.snapchat.com/">Snapchat</a> is popular, doesn’t mean you can go in there and figure out how to monetize.</li> <li>[02:35] Neil’s rule of thumb is that if a social network has less than $1 billion market cap, he doesn’t pay attention to them.</li> <li>[02:50] Social networks are based off of user growth, not actual value.</li> <li>[03:15] If the network is growing and they are being talked about, look into it.</li> <li>[03:45] TikTok’s current revenue is well into the millions.</li> <li>[03:47] That’s it for today!</li> <li>[03:50] Go to <a href="https://marketingschool.io/live">Marketing School</a> to check out a video that will help you grow your business and to sign up for our live Mastermind.</li> </ul> Leave some feedback: <ul> <li>What should we talk about next? Please let us know in the comments below.</li> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul> Connect with us: <ul> <li><a href="http://neilpatel.com/">NeilPatel.com</a></li> <li><a href="https://www.quicksprout.com/">Quick Sprout</a></li> <li><a href="http://growtheverywhere.com/">Growth Everywhere</a></li> <li><a href="http://www.singlegrain.com/">Single Grain</a></li> <li><a href="https://twitter.com/neilpatel">Twitter @neilpatel</a></li> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

Neil Patel and Eric Siu bring you daily ACTIONABLE digital marketing lessons that they've learned through years of being in the trenches. Whether you have a new website or you're an established business, you'll learn the latest SEO, content marketing, social media, email marketing, conversion optimization and general online marketing strategies that work today from people that actually practice marketing and operate businesses.
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In episode #1124, we discuss when you should start using a new social network. Tune in to hear when you should leverage a trending new social network. TIME-STAMPED SHOW NOTES:  [00:25] Today’s Topic: The Right Time to Jump into a New Social Network...

When's the Right Time to Jump into a New Social Network? | Ep. #1124

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a459c2c9-f237-4699-9fde-b0d200480037/transcript

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