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The Times Australia

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Build Your Business on Land You Own

  • Written by: The Times

Do not build a busines solely on social media

Why every startup should own its website, domain name and customer relationships

Starting a business has never been easier.

A smartphone, an internet connection and a social media account can put a new business in front of thousands of potential customers within hours. Facebook, Instagram, TikTok, LinkedIn and YouTube have become powerful marketing tools that allow even the smallest enterprise to compete with established brands.

But there is a question every entrepreneur should ask before investing years of effort building an online following.

Who actually owns the platform on which your business depends?

The answer is simple.

Not you.

Every social media platform is owned by a private company. Every account exists under terms and conditions written by someone else. Those terms generally allow platforms to suspend, restrict or permanently remove accounts if they believe their rules have been breached. Sometimes the reasons are obvious. Sometimes they are disputed. Occasionally they may not be explained in detail at all.

For most users this is little more than an inconvenience.

For a business that relies entirely on social media, it can be devastating.

Imagine spending five years building an audience of 500,000 followers.

Your customers know your page. Your advertising directs people there. Your reputation is tied to your profile.

Then one morning you discover you can no longer access your account.

Whether the suspension is justified or not, your business has immediately lost its primary communication channel.

Your customers have not disappeared.

But your connection to them has.

Your Website Is Your Digital Headquarters

Every successful business needs a permanent address.

In the physical world it may be a shop, an office or a warehouse.

Online, it should be your own website.

Unlike a social media profile, a website is an asset you control. You decide what it looks like, what products you sell, how customers contact you and how your information is presented.

Most importantly, your customers learn to find you directly.

Instead of searching for your latest social media post, they visit your website.

That simple change shifts control back to the business owner.

Own the Best Domain Name You Can

A business name is valuable.

Its domain name is often just as valuable.

The strongest businesses usually own a domain that customers can remember without thinking.

If someone hears your business name on the radio or from a friend, they should be able to type it into a browser without guessing.

Premium domain names are often expensive because they reduce confusion and increase credibility. They become part of a company's long-term intellectual property.

A domain name is not simply a technical requirement.

It is a business asset.

Just as companies invest in shopfronts, trademarks and equipment, they should also invest in the best online address they can reasonably afford.

Use Social Media as a Road, Not the Destination

This is where many startups get the strategy backwards.

They treat social media as their business.

It is not.

Social media is advertising.

It is a marketing channel.

It is a conversation.

It is an introduction.

Its purpose should be to direct people towards the business you own.

Every Facebook post, Instagram Reel, TikTok video or LinkedIn article should encourage customers to visit your website, subscribe to your newsletter, enquire about your services or complete a purchase on your own platform.

Think of social media as a network of highways.

Your website is your headquarters.

The highways bring people to you.

They should not become your permanent place of business.

Build Assets You Control

The most valuable businesses own assets that continue working regardless of changes elsewhere.

That includes:

• A memorable domain name.

• A professional website.

• An email database built with customer permission.

• Strong search engine visibility.

• Original content that attracts visitors directly.

• A recognised brand that customers actively seek out.

These are assets that belong to the business.

Algorithms may change.

Advertising costs may rise.

A social platform may lose popularity or introduce new rules.

But businesses built on their own foundations are better positioned to adapt.

Diversification Reduces Risk

Experienced investors rarely place all their money into a single investment.

Business owners should adopt the same philosophy.

Use social media.

Advertise online.

Create videos.

Send newsletters.

Publish articles.

Optimise your website for search engines.

Develop referral partnerships.

Attend community events.

Every additional channel reduces dependence on any one platform.

Think in Decades, Not Months

Many startups focus on immediate growth.

The most successful businesses think differently.

They ask what will still matter ten years from now.

A domain name can still be valuable.

A trusted brand can still attract customers.

A website can continue generating enquiries every day.

Customer relationships can continue producing repeat business.

Social media platforms will evolve.

Some will disappear.

Others will emerge.

Businesses that survive these changes are usually those that have built their own foundations rather than renting someone else's.

The Bottom Line

Social media is one of the greatest marketing opportunities ever created.

Ignoring it would be a mistake.

Depending on it entirely could be an even bigger one.

Use every platform available to introduce your business to the world.

But make sure your customers eventually arrive somewhere you truly own.

Because the strongest businesses are not built on borrowed land.

They are built on foundations that belong to them.

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