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13 February 2010 . Chief Alchemist
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“Renovating the Wine List” by Marnie Old (Sante Magazine, Holiday 2009). Another great post in our “This doesn’t just apply to _______” series. As you read this one-pager, substitute your communications medium, be it print or web, in the spots Marnie says wine list. Also notice the fact that she mentions context. That is, wine menus need to be readable in low light. As simple as these concepts might be it’s amazing how many times we’ve all see them ignored and/or done badly.
Does your “wine list” pass this test?
29 January 2010 . Chief Alchemist
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“The Three-Minute Rule” by Anthony Tjan (Harvard Business Review, 22 January 2010). Let’s look past the trying too hard title and focus on bottom line — context. Nearly everything from web design, ad design or a phone conversation, to buying a product or using service – exists within context. Furthermore, it’s crucial to keep in mind that the context is often not yours but theirs. So, as has been mentioned here quite a few times before, be sure to add Context’s twin Empathy to your checklist.
Essential pull quote:
These situations illustrate the narrow-mindedness to which it is easy to fall prey. In the Thomson example, we were thinking of ourselves as a data provider, though we were really part of a broader workflow solution. We failed to realize the importance of customer context over our own product capability. In the cross-selling and shopping-basket examples, the three-minute rule reminds us that rearranging the context of a shopping experience to better meet customer patterns can be extremely effective. Customers seek solutions, but it is likely that your offering is only part of one. The three-minute rule is a forcing mechanism to see the bigger picture and adjacent opportunities.
Understanding context is certainly important, but to truly interpret it correctly one must also have a healthy supply of empathy.
27 December 2009 . Chief Alchemist
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“Seeing Customers as Partners in Invention” By Mary Tripas (New York Times, 26 December 2009).
“Being customer-driven doesn’t mean asking customers what they want and then giving it to them,” says Ranjay Gulati, a professor at the Harvard Business School. “It’s about building a deep awareness of how the customer uses your product [or service].”
It’s not just about interaction and listening. It’s deeper than that. It’s about awareness and understanding. Taken a step further, it’s not about wants. It’s about meeting needs. Wants are easy. We’re all quick to recite our wants. Needs however are much more profound.
Later Ranjay is said to say:
“It’s an execution problem.” Companies, he says, “aren’t generally structured to access, absorb or utilize customer insights since they are organized by product, not by customer.”
Interesting enough, does this not sound quite similar to the ideals mentioned on our Success Realized page (as well as elsewhere within the AU framework)?
16 December 2009 . Chief Alchemist
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“On My Mind: Measuring Good-Cause Effects” by Raymond Fisman (Forbes, 10 December 2009). As the holidays get closer and resolutions are being made for 2010, doing well by doing good is probably on quite a few to-do lists. If that sounds like you, then give Mr. Fisman a few minutes of your time, please.
Now before you jump to conclusions, there is one bit (in the third from last paragraph) that is not fully explored but seems rather intriguing:
Interestingly, in the months after Hurricane Katrina made landfall in August 2005, there was a big boost in sales probability and price from Giving Works for all Ebay sellers, young and old. So, when a national spotlight shines on particular causes, it may be possible to do well by doing good.
Possible conclusion? Be specific, and possibly current, about the cause you’re supporting. Just saying, “we do good” and “a percentage of sales goes to charity” might not be enough. Makes sense since most people would want to know exactly where their money is going. Don’t you prefer clarity and transparency over vague and mysterious?
24 November 2009 . Chief Alchemist
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“The Cure for the Common Virus” by Jessica Tsai (DestinationCRM.com, October 2009). Wow! Yet another I-wish-I said-that article from Ms. Tsai — especially for those seeking to break their 20th century marketing habits.
It’s a holiday week so you’re either quite busy or slowed down to enjoy the moment. Either way let’s skip the usual intro and jump to some highlights.
Measuring the totality of viral’s impact is extremely difficult, if not impossible. After all, how do you measure emails forwarded from personal accounts? Or URLs copied-and-pasted into instant message windows? Or a remark passed over a fence? And yet, no one would argue that messages spread virally are extremely powerful. After all, consumers are far more likely to trust one another than any marketing pitch out there. (See “Who Do You Trust About Trust?,” and our interview with “Trust Agents” co-author—and 2009 CRM Influential Leader — Chris Brogan, in Required Reading.)
According to customer experience company Satmetrix, and codeveloper of the Net Promoter score (NPS), word-of-mouth recommendations by promoters are increasing year over year in all industries. The uphill trend is not due to an increase in viral marketing–specific campaigns, says Deborah Eastman, chief marketing officer; rather, the Internet and social media have ignited a sharing frenzy.
Customers don’t care if you want them to pass something along. Abandon the PR lingo and the corporate speak. No one wants to listen to it, let alone pass it on to their friends. “Share honest information,” says Tom Anderson, managing partner of Anderson Analytics. “What are you worried about—your competitors seeing it? Big deal. Everything’s instantaneous now.”
The bottom line is this… If you want to tap into the natural conversational energy of the crowd, then you have to give them something worthy of discussion. But you also have to take that a step further and realize that worthy is defined by them, not by you. Traditional marketing’s one-way, dictate it and they will listen approach no longer applies. In fact, spin might only get you backlash.
We are by nature social beasts and that can certainly work to your advantage. Nothing beats word of mouth! But in order to win you must be honest and you must be authentic. Most of all, you must give them something truly worthy of their time. Because don’t you expect the same?
23 November 2009 . Chief Alchemist
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“Developing Strong Work Relationships” by Kerry Patterson (BaselineMag.com, 13 November 2009).This one is as much about the who as it is about the what. “Kerry Patterson is the co-author of three best-sellers: Crucial Conversations, Crucial Confrontations and Influencer. He is also a speaker and consultant, and co-founder of VitalSmarts, which focuses on corporate training and organizational performance.” Influencer has been mentioned here before, and is recommended reading. The other two are on the hopefully sooner of later list. In the meantime these short article will have to fill the gap.
As is often the case, Kerry’s expertise doesn’t reinvent the wheel as much as it serves as another friendly reminder on how not to be that guy/gal. The bonus here is that once you invest the time to consume these tips/article at work, you’ll be able to take them home as well.
— If you want better relationships, never air your dirty laundry in public.
— If you want better relationships, seek face time with your colleagues.
— If you want better relationships, learn to listen and then speak respectfully when conversations become crucial.
Certainly not rocket science, eh? And while we’re on the subject of relationships, “Create Your Own Upturn (A shift from managing volume to managing relationships)” by David Rich (DestinationCRM.com, October 2009).
Relentless attention to getting the customer experience right will yield increased customer equity. When customers are satisfied, companies may reap opportunities to cross-sell products and services, adding to their bottom lines. If approached correctly, the customer experience can also aid the acquisition of new customers, as they determine where they’d like to purchase products and services.
Maybe not as easy to bring home to the wife and the kids but the idea of The Experience having to stick does seem to be universal. What do you think?
20 November 2009 . Chief Alchemist
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“Apple The Outlier” by Rich Karlgaard (Forbes.com, 21 October 2009). In response to Mr. Kalgaard’s blog post the following comment (below) was submitted. Maybe you’ll find it entertaining, so it’s also being shared here.
While I didn’t read every comment in detail, with all due respect, I think the essential point has been missed… When it has been more successful, Apple has been the tortoise. There are plenty of cases of Apple and/or Jobs falling on their face. How many of you are using a Next computer :)
On the other hand, where Apple has done really well, is when it slows down while others rush in. The ipod and the iphone both being great examples. Neither were new ideas. What they were were still developing ideas done a bit better and more importantly, rolled out *after* “the tipping point”. Apple doesn’t feel the need to be first to market, they’d rather get it more right their first time. They’ve come to realize the value in learning from others’ mistakes. If there is an irony, it’s that Apple really isn’t a technolgy company (i.e., technology for technology’s sake). They understand that they are a solutions and services company, and that’s what they focus on providing.
When they get it right, Apple doesn’t waste resources trying to get to the tipping point, they let others do their bidding. In the meantime they’re using their resources (time and people) to build a better mouse trap as well as come up with the marketing spin to make it look new and exciting. I am not trying to belittle the iphone, I am only suggesting it is not the cure for cancer.
There is no doubt, Apple is a great outfit. But the reasons for that success are too often wrong and/or overstated. They have a great formula – look how their growth and market share has nudged up year by year (i.e., like a tortoise) – and at the moment it’s working quite well for them. But a smart competitor could duplicate their formula quite easily. Provided that competitor isn’t blinded by the hype, or fearful of a beast that isn’t even there.
4 November 2009 . Chief Alchemist
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“Retail Democracy (Even bad reviews boost sales)” by Jennifer Alsever (Fortune Small Business Magazine, 28 September 2009). First, please pardon the delay in sharing this with you but FSB is one of those publications that does not post their articles on their web site when they street their print version. Yes, print still has its low tech place (i.e., convenience, no need for a wifi, etc.)
In short, great article! First, it reiterates one of the common AU themes — it’s not about you, it’s about your guests and their expectations. The focus should be on what they are looking for (e.g., authenticity, honesty, information, etc.), not on what you want to supply. They are not going to care if you’re meeting your needs. They will however care very deeply about if you are meeting their needs.
Think about it. When you visit a web site and see only glowing reviews, what does that do for the credibility of what you read? Do you not expect something more realistic? The irony is many people have the same expectation of other sites but when it comes to their own they want to scrub them so clean that they might as well be a faux Hollywood movie set. In short, context matters — there is such a thing as too clean.
Second, for a bit of positive spin, there is also the SEO (search engine optimization) aspect. In this case it basically comes down to the old PR adage, “bad press is good press.” In other words, comments become content; content gets indexed by search engines; the more content you have indexed the more likely a search engine is to connect you with someone doing a search. Granted, not every visit is a good visit. But as long as the click in is not costing you, via a pay per click (PPC) campaign, then it might not be so bad either.
Remember… Context matters — there is such a thing as too clean.
14 October 2009 . Chief Alchemist
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“Start Connecting With Customers’ Smartphones” by Mary Brandel (Computer World Magazine, 5 October 2009). Simply put, a thorough overview on the subject of mobile phones and web sites with some great insights as well. For some it looks like the time has come to seriously consider that mobile version of your web site you’ve been dreaming about for too long. For others it looks like you might not have a choice.
And in semi-related, if not geeky news, “Book review: What’s wrong with software development” by Mitch Betts (Computer World Magazine, 5 October 2009). Mitch reviews “Wrench in the System” by Harold Hambrose (John Wiley & Sons Inc., 2009). The thing is, the value of great design and usability isn’t limited to software. Once you read this little bit, stop and ask yourself, “How can we use design to make our company more guest-centric?” Think. Create. Act. Try again.
11 October 2009 . Chief Alchemist
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“Looking at Life as One Big Subscription” by Damon Darlin (New York Times, 10 October 2009). Interesting, a concept that should be considered especially given how comfortable many people are with the idea of pay once for year round service. There are certainly no shortage of instances where making multiple sales (i.e., three or four times, or more) per year can be simplified into a single “subscription”. For example, a florist might be able to make use of “subscription” in offering a package for three holidays per year. Those holidays could be set or picked by the guest. Not only does that free up resources from pursuing each sale individually but the following year a simple, “Did your wife like her flowers? Would you like to renew your subscription?” is all that needs to be asked. The sale has been made, now it’s an issue of renewing.
Another option, might be a non-profit. Maybe a donation can be packaged in such a way to be sold as a subscription/membership (i.e., there would be something given in return to the donation). Reciprocity can be a very powerful tool. Again, renew is a much simpler concept than trying to get a repeat purchase.
Think about it, how can subscription help your business? What do you buy that you wish you could subscribe to?
2 October 2009 . Chief Alchemist
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“What’s your Twitter ROI? How to measure social media payoff” by Mary K. Pratt (ComputerWorld.com, 21 September 2009). Ms. Pratt crafts a soft, user friendly overview of some of the ROI issues that are confronting organizations as they migrate their brand into the realities of Web 2.0 and beyond. If you’re in this camp then this article will let you know that you are not alone.That said, aren’t these the say type of questions we asked 10 years ago as the internet went mainstream? My stock tongue in cheek joke is — The internet, I hear it’s gonna be big.
Unfortunately, the article misses the mark on the point of social media, Web 2.0, etc. and the associated shift in the paradigm. The world as it now exists isn’t about the brands, it’s about the guests. I’m certainly not going to suggest that any effort be pursued at all costs. We are talking business after all. However, the old mind set of, is what I’m spending going to get my customers to do what I want them to, doesn’t really apply in a world where the guest has the power. The question guests now ask is, is brand such-n-such doing what I expect? Are they living up to MY expectations?
In short, you don’t really have a choice.
You’re going to have to surrender to the fact that some of the old measurements (of control) no longer apply. The approach needs to more holistic. There needs to be effort put into being part of the conversation (and stop focusing on leading and/or manipulating it). For example, the reality is, you don’t have to tweet. However, you do need to give people something to tweet about. It’s amazing what you can get for free if you know how to play your cards right. The fact is, in the history of business, no marketing tool has been more cost effective than word of mouth/Tweet/FB status.
Actually, you have two choices. One, figure it out now. Two, figure it out later. Either way, you will have to figure it out. These things — whether it’s Twitter, Facebook or their eventual cousins — aren’t going away anytime soon. If you wait to make the investment in understanding and using the tools then you will only be that much further behind the curve. This isn’t a sprint, it’s an ultra-marathon. So while you’re scratching your bum, focused on ROI, others are being guest-centric, putting their self-interests aside for the moment and pushing forward knowing that the return will come.
Because as we all agree, standing still isn’t the key to success.
1 October 2009 . Chief Alchemist
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Time for a little bit of shameless self-promotion…
The original post dates back to June or so. This letter was printed in the September of issue of CRM Magazine (online: www.DestinationCRM.com). Unfortunately, CRM did not post the letters of the September issue on their web site. As you know, they have done so in the past. (Wink, wink. Nudge, nudge.)
Beautiful article by Associate Editor Jessica Tsai (“Search Engineering”, July 2009, http://sn.im/0709tsai). Search engine optimization (SEO), search engine marketing (SEM), and online marketing in general continue to be hot topics. The theory is, why chase customers when they can find you? Yes, when done right, it can work quite well.
Ms. Tsai does the subject matter justice, with a thorough (even fantasic) overview of SEO. There are a few things I’d like to add to her efforts, however, that I believe will help the CRM masses.
1) The design and user experience (UX) of the site itself is critical. While not part of SEO, per se, there is a very important connection: There’s no point in driving traffic to a visually unpleasing and/or dysfunctional web site. Guests will judge a book by its cover, and if they don’t like what they see or how it works they will bounce. In order to fully benefit from SEO (i.e., inviting guests over), we believe more companies should first focus on cleaning up the house.
2) The article focuses on the value of a web site “homepage”, but the current approach is that there is no such thing as a homepage anymore. Since search engines will drop a person into any page of a site, it’s not safe to assume the homepage will be the point of entry. The relationship can start anywhere, so plan accordingly.
3) One essential factor that’s too often overlooked — click fraud in paid search (PPC) — appears in one of the article’s sidebars (“Bad and Ugly SEO”): “Some reports indicate that one-third of clicks on paid search are fraudulent — the result of developers creating bots to click on competitions’ ads, raising those competitors’ costs.”
Even with Google’s much-vaunted AdWords/AdSense, some estimates put the click-fraud rate above 15 percent. Either figure represents a pretty significant amout of waste to not be aware of — especially for anyone new to pay-per-click advertising. Yes, search engines say they prevent it but the general belief is to the contrary.
So we’d like to add a caveat to the feature story: SEO/SEM is not a panacea. It will not make up for a visually dated web design or a marginal user experience. Nor will it fix a shaky business model, poor customer service, or a second-rate product or service. SEO/SEM is merely a way to attract customers.
Mark Simchock
Chief Alchemist
Alchemy United
Your vision . Our passion . Success realized
We feel honored to be validated (again) by another respected authority. This time it is CRM magazine.
29 September 2009 . Chief Alchemist
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“Inspire Your Customers” by Jim Champy (Baseline Magazine, 24 September 2009)
“Keeping Employees Engaged in Tough Times” by Corinne Bernstein (Baseline Magazine, 24 September 2009)
Inspire? Engage? Same thing, right? Actually, right! People are people and both customers and employees are guests. They should all be thought of as such. Employees want inspired customers. Customers want engaged employees. Join in the conversation and go make it happen. Alright!
25 September 2009 . Chief Alchemist
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Design matters. Why? Because it is one of the first things to effect The Guest Experience. It establishes the tone of the on going relationship. Whether it’s your store, your club, your restaurant or your web site, these impressions matter. If you have any doubts about the value of investing in good design, and thus The Guest Experience, these two articles should help reorient your compass.
“Environment Plays a Huge Role in Member Retention” by Bruce Carter (Fitness Business Pro, August 2009).
When you spend on your club’s environment, you are spending on marketing. Think about having an environment that is so exciting, fun and stimulating that people actually love being there, and it makes them want to tell their friends about it.
“Turning Up the Juice” by Garrett Peck (Sante Magazine, September 2009)
No matter the size or demographics of your bar, creating and sustaining a successful vibe requires tuning (and sometimes retuning) the sensory experience and physical layout to match your clientele’s expectations and, above all, affording each customer personal and professional service.
The key is empathy. Stop thinking about what you see, or what you think you see. Now look at your company from the outside in. What do they, The Guest, see? And what impression(s) does that make on their experience?
23 September 2009 . Chief Alchemist
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“Taking Customer Care to Heart” by Gerald Shields (CIO Magazine, Sept 2009). There is something to be said for the power of story and Mr. Shields strengthens that perception.
Behind everything we’re working on, there’s a person with a business problem, and we should be there to make life better for them. It must never become just a job — it must be something we have passion for.
Regardless of your role you should find that this one-pager succeeds on multiple levels. Now it’s up to you to make a moment to consume Gerald’s story. Enjoy.
19 September 2009 . Chief Alchemist
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This is a follow up of moderate commitment (i.e., it’s not quick) to yesterday’s post on online communities / social networks. All of these were sourced from CRM Magazine (www.DestinationCRM.com), which always comes highly recommended.
“The 7 Benefits of Online Customer Service Communities” by Christopher Musico —A new Forrester Research report highlights the return on investment in social media communities.
“10 Steps to Social Media Success” by Lauren McKay — Internet Week ‘09: Brand Exposure event shows companies how to join the conversation.
“Webinar: How Social Media is Transforming Customer Service and the Customer Experience” from Parature’s blog — Note: Free registration is required.
“Find Out How Businesses Are Leveraging Social Media” from AIM-Partners (via SageSpark.com) — Note: Free registration is required.
Grab a coffee and sip some more soc-net knowledge. Enjoy!
18 September 2009 . Chief Alchemist
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“If You Build It, Will They Come?” by Angela Connor (EContent Magazine, September 2009). This article is an excerpt from Ms. Connor’s book “18 Rules of Community Engagement”. First, let’s hit some of the pull quote highlights. Then we’ll finish with some AU commentary.
We are living in the conversation age, where one-way communication is no longer enough. Savvy consumers with infinite choices across the web expect interaction and engagement, and those who can’t deliver will find themselves at the end of the line. What that means is the days of broadcasting your message to the masses and reaping huge benefits are fading fast. The deepest pockets once delivered the biggest audience, but the audience can no longer be bought. It must be earned.
Many businesses and organizations are aware of this fact and have built online communities or have become involved in existing social media platforms to actively listen to and communicate with customers. They understand the power of engagement and recognize the importance of transparency. Others are still in denial, ignoring the conversations and refusing to embrace this new way of communication. However, when the president of the U.S. creates a new office dedicated solely to public engagement, it underscores a fundamental shift in the way we communicate.
Growing a successful online community, for me, has been a trial by fire, and in some aspects it still is. What seems like a great idea can easily flop, and the simplest ideas can resonate with the community in ways you could never imagine, bringing new members in waves and causing participation levels to skyrocket.
If You Build It, Will They Come? The answer, simply, is no! Many organizations and businesses mistakenly believe that if they provide the tools for community engagement and interaction, a community will form on its own and ultimately engage and interact. Nothing could be further from the truth.
While providing the tools does indicate a desire to bring people together, it does nothing to actually make it happen. It takes a different kind of investment to grow a community, and a major portion of that investment is time.
This was published in the Business and Technology section of The Wall Street Journal’s website on July 16, 2008. The headline was “Why Most Online Communities Fail.” According to the article, Ed Moran, the Deloitte consultant who conducted the study, indicated that most of the sites failed to attract visitors because businesses focused on the value the community could bring rather than investing in the actual community.
The key phrase in that statement is “long-term.” Success will not happen overnight, and anything short of a long-term commitment will produce mediocre results.
These differences make the role of a community manager very unique and underscore the importance of having clear goals and knowing what constitutes success.
Without a clear-cut mission, you will find it difficult to reach your goals. General goals such as “reach out to the community and communicate” will only get you so far. What are you reaching out to the community for? What are you communicating about? Those are the questions that have to be answered so you can gauge your success.
“The value lies in the community manager serving as a hub and having the ability to personally connect with the customers (humanize the company), and providing feedback to many departments internally.”
Keep in mind that shared interests bring people in a community together, and online communities can only thrive if people visit regularly and spend a good amount of time when they do visit. And given the fact that no one willingly wastes this precious commodity [i.e., time], it should be a major priority to create experiences that are worthy of their time and make them want to return and give even more of it.
In my book, I will share what I know and some of the things I’ve learned from others while managing the online community GOLO.com, from its infancy to its current status of more than 11,000 members with dozens joining every day.
And now for the AU value add…
Ms. Connor makes a number of excellent points, many of which should be applied beyond the idea of community. For example, time, time is always precious and should be respected. Waste your guests’ time during an interaction — in your store or on your web site — and you’re certain to struggle but save them time and you’ll earn a following.
Next, while the general idea of Community Manager is certainly sound there seems to be a couple tweaks in order. First, as minor as it might sound, the title of Community Manager itself should be changed. Assigning someone to “manage” a community seems to be counter to the foundation of many of Ms. Connor’s ideas. In short, words matter (because they are the building blocks of ideas). For example, Community Facilitator would a step in the right direction. Certainly there are others.
The other issue with Community Manager is, why have just one? Why have all your eggs in one basket and risk losing your center if that person leaves or isn’t the right fit? It would make more sense to spread that assignment across as many people are possible. Why not eat the elephant one bite at a time instead of trying to swallow it whole? Having “behind the scenes” staff seems counter productive to the idea of community. Getting everyone out front and involved will help keep everyone engaged and focused on the goal(s) of the team.
Finally, Ms. Connor finishes with a comment about the size of GOLO.com. The question is, is that good? Did they meet their goals or not? The other issue is, is size really the ultimate measurement of success? Maybe it’s another chapter in the book but further discussion on various useful measurements of a community seems to be in order, as well as how those might change as the community grows.
p.s. Did anyone else notice the irony that a male, Martin Read, is the founder of Female Forum?
17 September 2009 . Chief Alchemist
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Time for some shameless self-promotion…
“News Unfit for Print” by Michelle Manafy (EContent Magazine, May 2009). The article dates back to May but what’s new is that EContect printed an AU submitted letter. Please take a moment to read what we thought and they printed. Ironically, EContent does not post printed letters on their web site.
This is my first issue of eContent and so far I like it. It’s definitely of the same quality as the other Info Today publications I read. With regards to your latest Edit This: “News Unfit for Print”, I’d like to share a couple thoughts with you (and Dennis).
I’d make the “argument” that it’s actually the true media companies that are succeeding. On the other hand, the companies and organizations that see themselves as being “newspapers”, or “television broadcasters”, etc. are the ones who are being hurt by their own archaic mind-set. Until those traditionalists realign themselves with how the market see them, they will continue to struggle. And rightfully so; where’s the surprise?
The pull quote said, “In this collapse of the media business, the ensuing news vacuum will need to be filled.” Please excuse my tone but… Pardon me, what vacuum? It is actually the ubiquitous availability of information that has destroyed the market’s need for printed / televised word. Just because less people are getting the paper or watching the news does not mean they are not keeping informed. The only vacuum I’ve seen is in the minds of traditional media companies’ and how it effects their ability to meet the needs of the market.
Thanks again for eContent. I’m looking forward to the next issue already.
Hoist a new flag,
Mark Simchock
Chief Alchemist
Alchemy United
There is one additional point I’d like to add in regards to the current state of traditional news outlets. The majority of the time it’s difficult to tell if they are trying to inform me or entertain me. Between the interviews overflowing with softball sized questions to the “it’s on Twitter so it must be true” insights there’s hardly any value added and little true news disseminated.
It’s odd that these brands wish to be taken seriously as news sources yet devote so little energy to spin-free, honest and insightful news. They want to talk the talk but they don’t want to walk the walk. That’s fine, they just shouldn’t be shocked that they’re losing a battle to their (market defined) equals.
The bottom line… If you want real news then watch, listen and/or read the BBC News.
15 September 2009 . Chief Alchemist
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“The Grill: Shawn Broderick” by Sara Forrest (ComputerWorld Magazine, 7 September 2009). As is often the suggestion here, look past the niche specifics (i.e., tech) and find the more universal gems. The pearls here come in the last three Q&As. Here’s a teaser of each but to gain the full impact you’ll have commit 120 seconds to this quick and fulfilling read.
SF — What are a few common mistakes that people make when they get involved in creating a new high-tech venture?
SB — In my experience, the two most common mistakes that kill new ventures are what I refer to as “missing the pain” and “messing the team.”
SB — Many people probably have a million-dollar high-tech idea floating around in their mind. What is the single most important piece of advice you could give to all of them?
SB — Execute! Ninety-nine percent of the time, ideas aren’t worth the paper they’re not printed on. Truly everybody is capable of having great ideas.
SF — Is there a certain mind-set that one must have in order to succeed with a start-up?
SB — The most important and valuable mind-set I see in entrepreneurs is drive. The path to high-tech entrepreneurial success is rarely easy or simple.
9 September 2009 . Chief Alchemist
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“JetBlue Genius And Hollywood Hustlers” by Bob Evans (Informationweek.com, 17 August 2009). When the ideals of The Guest Experience start showing up in geeky publications such as Information Week you know it’s time to get on board. His words might not be exactly the same but the concepts are in concert with our own. Could this be the article that inspires you to adjust to the new normal of guest-centricity? Or are you too Hollywood?
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