Speed startups

There surely is merit in creating a business plan and finding investors for your start-up business, but the internet changes things and can allow some entrepreneurs to skip these processes. Maclean's posted an interesting article today related to this subject titled "How to make $100,000 a day". 

First off, amazing copywriting on that title, I guarantee you that title generated the most click-thrus of all the articles posted today. It certainly worked on me.

Getting back to the point of this post, the article goes on to talk about the book, The $100 Startup, which provides information and examples to entrepreneurs about how to start a business in a much less traditional manner. Citing examples of so-called "Solopreneurs" who invested less than $1,000 of their own money and created businesses that generated upwards of $60,000 a year in revenue.

It does show how much easier it is to get your idea/business out to people these days with the internet. Costs such as websites and marketing have become cheaper and easier with sites like Wordpress and Facebook, giving anyone with an idea or a passion the ability to start a business without necessarily sinking themselves into a heap of debt.

It leads me to wonder what the next 10 or 20 years in the future hold for employment. Will companies continue to employ individuals in the traditional manner or will everyone be a free agent that provides contracting work to multiple companies to maximize their time and profits. It may sound crazy, but freelancing/solopreneuring could be the way of the future. As Chris Guillebeau, the Author of the book, says in the article "The old choice was to work at a job or take a big risk going out on your own. The new reality is that working at a job may be the far riskier choice."


I've already taken a venture into the solopreneuring field, my new website www.retireez.ca targeting the growing population of boomers and 50 plusers going online cost me less than $100 to set up and I am hoping the content I create and word-of-mouth helps the website take off. 

Making a boring product viral

I was forwarded a video ad this week by a friend of mine. As soon as I watched it and laughed multiple times throughout I have decided to give it Ad of the Year already. Why? Because this company took a boring product and managed to make a hilarious ad that has gone viral. The quality of the ad itself is very good, so clearly they didn't film it on their iPhone. So they may have spent some money on the ad itself, but they don't need to spend a single dollar on media because the masses are doing it for them. The company is called Dollar Shave Club and they have a great offer to go along with their brilliant video. Here is the video:



Check out the rest of their website at www.dollarshaveclub.com. This is the type of brilliant company that will be a goldmine for Mike the founder. As a male I can confirm that I am always shocked by how much razors cost in a store, and I always forget to buy new razors so if I can get a razor delivered to me each month for $1, then you've got my attention already.

Love the video, love the brand, and i'm sure they are getting a tonne of traction from this. When was the last time you wanted to forward a video or a website dedicated to razors?

This whole brand and campaign give hope to the boring brands out there. It just shows that with a little creativity and not taking a stuffy corporate approach to advertising can have a big impact.

Marketing that makes you go hmmm

How often do you receive, hear, or see an advertisement that just completely confounds and confuses you? Probably more often than the companies who employ these marketers would like. It makes me go hmmm, but not in a good, thoughtful way, more like a who the hell would approve this kind of way.

For example this afternoon I received this email from a comedy club that I had once submitted my name to in hopes of winning free tickets to a future show.

This was the whole email and the title of it was "Yuk Yuk's special Announcement"

Sooooooo, I can surmise from the local service provider that this is a new television station but other than that it really tells me absolutely nothing. The email was also just one big image which I have now copied to make fun of them for not knowing how to market, and it did not click me anywhere. Not to a page dedicated to the television channel or anything. I watch a decent amount of television and i've never heard anything about this channel, I haven't read anything online about it or seen anything in a newspaper.

As far as I know, this is the first effort they have put into marketing this channel. Fail.

Social Strategy for Boring Brands

Was flipping through my monthly Marketing News magazine from the American Marketing Association and found and interesting article called "Social Strategy for exciting (and not so exciting) brands", written by Josh Bernoff, VP at Forrester Research.

The article discusses how "talkable" or popular brands have an easier go with social networking because people already want to discuss them and talk about them. In a recent survey of theirs they asked online consumers whether they'd like to interact with various forms of social applications with their favourite brands. 42% of respondents said they would like to. Thats a pretty nice number. When it came to how they preferred to interact it was a little different
- 1 in 4 would prefer a discussion forum
- 1 in 6 would be interested in connecting through a social network profile (ie. Facebook)
- 1 in 5 would prefer watching online videos
- Only 12% would want to read a blog about the brand

Interesting stuff.

Now onto the "boring", non-talkable brands that no one really cares about or wants to interact with (much like insurance, which is the sector I primarily work within).

"Boring brands have a different problem, but social applications can help them, too. The key with boring brands is to get people talking about their problems, since they won't talk about your brand. In advertising, you can force messages on people watchiing other things. In a social context, this fails miserably."

An interesting point, and one that I agree with wholeheartedly. Ie. the post that I did earlier on the pharmacy centre advertisement. If they wanted to get into social networking they could provide a place where people could talk about what ails them, etc. and help provide health advice and that sort of stuff.

An interesting article, its not up yet on the http://www.marketingpower.com/ website but check back here soon and it should be http://www.marketingpower.com/AboutAMA/Pages/AMA%20Publications/Marketing%20News/MarketingNews.aspx

Tweet Tweet Too Much

When does Twitter become too much?

I am a fairly new user of the much vaunted Twitter and it has made me think about a few things.

Firstly, what happens when every single company you know starts Tweeting? Remember that thing about why advertising is working as well, because everybody gets harassed by 8,000 messages a day or whatever the number was? Well with Twitter you could seemingly receive 8,000 messages in a matter of an hour depending on who you are following. Granted, Twitter offers consumers the power to select who they follow and don't follow but the majority of them probably won't pare down their list once they have added someone.

So what happens when everyone is on Twitter???? I think it will probably lose the a major chunk of its appeal because how do you cut through the clutter of the hundreds of messages you receive to find the good stuff? How do you follow hundreds if not thousands of people?

Twitter is definately still in the beginning stages of its adoption, but it is starting to go like fire. It will be interesting to see what happens in the next year or so and how long of a life it has as a result of its success.

Helloooo.....are you listening?

The music industry is in a tough spot right now.....well part of it is. The record companies. With peer-to-peer networks providing the world with a free way to trade music and grab the latest hot single their profits are in peril. So instead of complaining and suing 1 person for every 100,000 that download music "illegally" they should look for solutions and maybe change the way they do business.

With the new generation the CD and traditional way of releasing music is going the way of the 8-track and cassette tape. Maybe there is a better way to do it.

Bands still need the music labels to help them promote their songs/albums and get it played on radio stations, etc. There will always be a need for this, only a small handful of bands have the power to not require a label at all, ie. Radiohead, Coldplay, etc.

So why don't the music labels move away from the CD system and directly into digital version only. Forget the now standard approach of release an album once every year or two years and move to a contract that encourages bands to release a new single track every 3 months or 4 months. The label could actually invest in a sales oriented website of their own so people could buy the music directly from them and other online stores such as iTunes. This lowers the labels overhead and should help to increase profits, plus when you are just buying a single song it seems like so much less. $1 for that new single I love instead of $10-15 for the single and a bunch of filler.

Listen to your customers music labels and adapt.