I often get the question from clients of why I mostly recommend having your own website on WordPress or a self-hosted platform in the age of Facebook. As companies who built their businesses and traffic flow on the back of Facebook over the years have found out, that can be a very precarious decision. Audience and perceived impact are good, but long-term value is much better. Don’t cheap out and build your house on someone else’s property.
For instance, Medium is an interesting platform for bloggers and writers. We see everyone from politicians to celebrities to tech pundits using it as the place of record for their writings. While there is an audience there, or on Facebook, we’re already seeing Medium making changes to the way it handles its publishers in an attempt to figure out monetization (something which its founder Ev Williams knows about since he also founded Blogger and then went on to co-start Twitter… both of which faced their own monetization issues). This is going to be a constant and something you or your business or your non-profit should take notice of before you let your roots get too deep in a particular platform can change its EULA at any time.
Owen Williams writes the excellent Charged newsletter (you should subscribe) and makes this point about Medium, Facebook, and web presence in general that I highly agree with:
All of this is to say: Medium is great, but be wary! Owning your own platform is important, and valuable, even at this point in the internet’s maturity cycle. It’s a bit more work, but you are no longer at the mercy of the platform, a lesson we can learn from Facebook all too easily.