(from the full report)
For product, our priorities in 2023 are:
- Increase investment in research and in improving the content substantively
- Consider releasing an updated version of our out-of-date career guide (which continues to be popular with our audience)
- Take low-hanging fruit in a range of other areas — e.g. updating key articles to be more compelling and to better reflect our current views.
I would be really excited for the web team to spend time revamping the 2017 career guide (I personally found it very useful). From the 2022 user survey (which I recommend reading) :
- The 2017 career guide is still frequently influential for people who make plan changes — even those who found 80,000 Hours after the 2017 career guide was deprioritised in April 2019. The career guide was mentioned as influential by over 1/4 of CPBCs who found 80,000 Hours in 2021-2022. It was also more likely to be mentioned by plan changes that seemed more impressive. We are now considering releasing an updated version of this career guide.
My hypothesis on why the guide is useful: It teaches skills and approaches, rather than object level views. It gives people tools to compare between options, and encourages people to be more proactive and ambitious in achieving those goals. I think the guide is one of the few complete / comprehensive resources that embodies "EA/EA thinking as a practically useful framework for making decisions about your life". I think we could do a lot more in this space.
Great work - excited to see so much growth across the podcast, one-on-one service & job board! I'm curious about web engagement though.
This implies that engagement hours rose by ~10% in 2022 compared to 2020. This is less than I would have expected given the marketing budget rose from $120k in 2021 to $2.65m in 2022. I'm assuming it was also ~$120k in 2020 (but this might not be true). Even if we exclude the free book giveaway (~£1m), there seems to have been a ~10x increase in marketing here that translated to a 10-40% rise in engagement hours (depending whether you count from 2020 or 2021).
See quote from this recent post for context on marketing spend:
I can think of a bunch of reasons why this might be the case. For example:
See screenshot from the full report for extra context on engagement hours, unique visitors & subscribers:
Again, great work overall. I'd be really curious to hear any quick thoughts anyone from 80k has on this?
Hey Cillian — thanks so much for a really thoughtful/detailed question!
I'll take this one since I was the only staff member on marketing last year :)
The short answer is:
The long answer...
But our marketing budget still rose by a lot more than 50% — so what's going on there?
I'll start out with the reasons you gave then add my own:
Yeah I don't exactly know how the price of finding new users increases, but we should probably expect some diminishing returns from increased investment.
I think this might be a smallish part of it — I've noticed an effect where if the email we send on the newsletter is itself full of content, people click through to the website less than if the newsletter doesn’t itself provide much value.
I don't think this can account for tons of what we're seeing, though, just cos I don't think the emails work as a 1:1 replacement for 80k's site (I can't really imagine there being much of a 'substitution effect' here).
I think this might be a pretty big part of what's going on.
There does seem to be a significant 'lag time' from people first hearing about us and people making an important change to their careers (about 2 years on average) and I think there's often a lag before people get really engaged with site content, too.
Also, bear in mind that because of what I said about the 'unevenness' of growth from marketing, people who found out about us this year are mostly still really new.
Yep, I did put some resources directly towards promoting the podcast, and a much smaller amount of resources towards directly promoting 1-1 (about 7% of the budget as a whole, and probably more like 10% of my time). So this could be (a small) part of what's going on.
There are five other main things I think explain this effect:
Okay I hope that gives you an insight into what I think is going on here! Sorry for length :)
Hey! Arden here, also from 80,000 Hours. I think I can add a few things here on top of what Bella said, speaking more to the web content side of the question:
(These are additional to the 'there's a headwind on engagement time' part of Bella's answer above – though they less important I think compared to the points Bella already mentioned about a 'covid spike' in engagement time in 2020 and marketing not getting going strong until the latter half of 2022 .)
The career guide (https://80000hours.org/career-guide/) was very popular. In 2019 we deprioritised it in favour of a new 'key ideas series' that we thought would be more appealing to our target audience and more accurate in some ways, and stopped updating the career guide and put notes on its pages saying it was out of date. Engagement time on those pages fell dramatically.
This is relevant because, though engagement time fell due to this in 2019, a 'covid spike' in 2020 (especially due to this article, which went viral: https://80000hours.org/2020/04/good-news-about-covid-19/) masked the effect; when the spike ended we had less baseline core content engagement time.
(As a side note: we figured that engagement time would fall some amount when we decided to switch away from the career guide: ultimately our aim is to help solve pressing global problems, and engagement time is only a very rough proxy for that. We decided it'd be worth taking some hit in popularity to have content that we thought would be more impactful for the people who read it. That said, we're actually not sure it was the right call! In particular, our user survey suggests the career guide has been very useful for getting people started in their career journeys, so we now think we may have underrated it. We are actually thinking about bringing an updated version of the career guide back this year.)
2021 was also a low year for us in terms of releasing new written content. The most important reason for this was having less staff. In particular, Rob Wiblin (who wrote our two most popular pieces in 2020) moved to the podcast full time at the start of the year, we lost two other senior staff members, and we were setting up a new team with a first time manager (me!). As a result I spent most of the year on team building (hiring and building systems), and we didn't get as much new or updated content out as normal, and definitely nothing with as much engagement time as some of the pieces from the previous year.
The website's total year-on-year engagement time has historically been greater than the other programmes, largely because it's the oldest programme. So it's harder to move its total engagement time in terms of %.
Also, re the relationship of these figures with marketing, the amount of engagement time with the site due to marketing did go up dramatically over the past 2 years (I'm unsure of the exact figure, but it's many-fold), because it was very low before that. We didn't even have a marketing team before Jan 2022! Though we did do a small amount of advertising, almost all our site engagement time before then was from organic traffic, social media promotions of pieces, word of mouth, etc.
(Noticing I'm not helping with the 'length of answer to your question' issue here, but thought it might be helpful :) )