Business

Why We Love Email from Amazon and Hate Email from Barnes & Noble

Here’s a recent email that I received from Barnes & Noble:

bandnemail

The problem is I haven’t purchased a classical CD from Barnes & Noble before…for that matter I don’t think I’ve purchased a classical music CD from anyone…ever. I don’t think I have one piece of classical music in my iTunes library…and I’m probably not about to start now. My wife on the other hand loves classical music. Perhaps if this email had gone to her…

Now…here’s an email I received the same day from Amazon.com:

amazonemail2

The main difference…Amazon is actually recommending things to me that I’m interested in. In fact I have four of those books on my shelf by my desk. Sometimes it seems as though Amazon can actually scan my bookshelves and see what I own. Here’s the ironic part…two of those books I purchased at my local Barnes & Noble because I picked them up while browsing the store (I didn’t have the patience to wait for shipping).

Barnes & Noble’s problem is that they don’t seem to keep track of what I’m buying and if they do they’re not using the information to recommend products I might actually be interested in. The result…I treat B&N email as spam. On the other hand, I love to see what Amazon is going to recommend to me next. Amazon takes full advantage of the permission I’ve given them…and I order books from them on a weekly basis…often based on their recommendations. Barnes & Noble only wastes my time with the emails they send.

My suggestion to Barnes & Noble…stop charging $20 a year for a B & N Membership (their discount program that offers an in-store discount)…instead give the membership away for free (with the discount) and use the data I allow you to gather to send timely, relevant recommendations that are based on my previous purchases. Sure…send me those printable coupons…but send them for the latest Grisham novel (I bought the last two from you) not a special on classical music.

Here’s a great post from Seth on Permission Marketing.

Standard
Business

Is Your Marketing Out Of Sync?

Meatball
Every day I talk to business owners who are completely confused by the myriad of options they have as they try to market their business.  There’s print advertising, radio, TV, the internet…so many choices and none of them really seem to work.  Most of them end up making what Seth Godin describes as a Meatball Sundae…and if your organization is making meatball sundaes you’ve got serious trouble.

Continue reading

Standard
Business

Forever Ruined for the Ordinary Work Week

Nomoremondaysbook
Have you ever said "Thank God it’s Monday"?  Dan Miller opens his new book, No More Mondays, with this question.  Dan’s first book, 48 Days to the Work You Love, showed readers how to understand their calling and find fulfilling employment. No More Mondays picks up where 48 Days left off and walks you through the steps to converting that calling into a business of your own.  Dan presents a variety non-traditional work models and leads the reader on a journey of discovery to find their calling and the work model which will best fit them.

As a life long entrepreneur I’d recommend this book to anyone who dreads Mondays.

One of my favorite podcasts is Dan Miller’s 48 Days Podcast.

You can visit Dan’s blog here.

Standard
Business

How Many or Who?

FaceBook was never designed as a platform for advertising…it was designed as a cool tool for college students.  But because of the amazing amount of traffic that visits FaceBook the big advertisers line up to spend a fortune advertising there.  Why?  Because they are stuck in the old mindset of how many people can we interrupt with our message? Here’s the problem though…when was the last time you clicked on an ad in FaceBook?  The same thing is true for MySpace…users do everything they can to ignore the ads.

If, instead of asking the question "How many?" companies would ask "Who?" is being reached they’d be more likely to choose a Google AdWords campaign.  Why?  Because an adwords campaign puts your ad in front of someone who is actually LOOKING for your service.  I just visited my Facebook homepage and was presented with a huge ad for Verizon Wireless…the problem, I’m already a Verizon customer.  How much more valuable would it be for Verizon to place their ad on Google to display when someone searches for "wireless service" or "cell phones"?

The same thing is true for local businesses?  The wrong question is "How many people will see my ad?" The right question is "Who will see my ad?"

Update (7/3/2008) Seth Godin just posted an excellent post on this subject here.

Standard
Business, Life

Why the New Apple TV could change EVERYTHING!

I just finished watching Steve Jobs’ Macworld 2008 Keynote.  In the address Steve announces the launch of movie rentals on the Apple TV.  I believe that Apple is about to do the same thing to TV with the Apple TV that they’ve done to radio with the iPod.

Apple_tvWhat excites most people about the new Apple TV (and why I think people will go out and buy one) is the addition of movie rentals.  Now, from the comfort of your living room, you can rent HD movies with 5.1 Digital Surround, watch HD TV shows on your own schedule (who needs a TiVo?), browse YouTube Videos…and of course listen to anything in your iTunes library. All of this for less than the cost of either a BluRay or HD DVD Player.  The Apple TV costs only $229 for the basic model that stores 50 hours of video (they also offer a $329 version that will store 200 hours).

So why does this change everything?  The feature that most people are overlooking but I believe is the most disruptive is the Apple TV’s video podcast access…in the living room…on the TV…in High Definition. What used to be the realm of 2 inch iPod screens is now going to be available in HD on your TV. This allows podcast producers around the world to compete directly with Broadcast/Cable/Satellite TV all at no cost to the end user.  For only the cost of a HD digital video camera and some basic video editing software anyone will be able create their own on demand HDTV channel and offer it to millions of people across the globe…right there next to the big boys. 

In the past high production costs and limited distribution channels meant well funded studios were
the only ones who could produce and distribute content…drastically reduced
production costs combined with global distribution over the internet have the potential to shift the power of content production to the masses…and that changes everything…just ask NBC.

Standard
Business, Leadership

Your Method is The Message

How you say it is just as important as what you say. 

I just finished an interesting exchange with a political activist who spammed me after finding my email address on an association website.

Hello my name is XXXXX. I am involved with the XXXXX in XXXXX and am
looking for information from like minded people about Congressman Ron
Paul. Can you help? all I have seen on him for the most part is this
interview (link to 60 minute Ron Paul promo video) please help with what ever information that you can.

Since I don’t know the guy but he claimed to be associated with some friends of mine I wrote back to him and suggested that he try a more honest approach. The individual told me he had tried being very upfront and that didn’t work so it was worth being a little misleading in order to get people to watch the video.  He told me that so far he’d emailed over 800 people and he received responses only when he was indirect in his approach. When I suggested that he may not be accounting for the hundreds of people he was irritating and turning off when he tried to mislead them unfortunately the conversation went downhill.

Here’s the problem for Ron Paul right now…I believe many of his supporters are hurting him more than they’re helping him.  His followers would do well to read and really understand this post on spam.  Just google "Ron Paul" and "Spam" and you’ll see from all the complaints that he has an image problem.  I have no idea if the "troops" are being told to spam or if they’re just being overzealous…but those supporters should consider the consequences of articles like this on the widely read Wired blog accusing them of criminal activity.  If they believe as this guy told me that "all press is good press" they should remember what happened to another Presidential hopeful named George Allen

Either you respect people or you don’t and spam is disrespectful.  I’m sure that much of what Ron Paul is saying needs to be heard…but you can’t avoid it…whether you’re selling a politician or product…your method is the message.

Standard
Business

The Death of the CD

Ps_i_love_youI just took took my wife to see P.S. I Love You (probably the best date movie I’ve seen this year).  After the movie we stopped at Wal-Mart and grabbed the soundtrack to the movie. I did this because I don’t have the cable for my iPod with me and wanted to enjoy the music from the movie on my way home (we’re on vacation in Texas). 

Here’s the problem though…the CD cost me $14.88.  After listening to the whole album I realized I only like 4 of the songs…that means I paid $3.72 per song…for songs that I could have purchased on iTunes for $0.99 each.  Or…I could have purchased the whole album for $9.99 on iTunes skipping the inevitable step of loading the CD into iTunes so I can have them on my iPod. I made the comment to the three other folks in the car with me, "I don’t think I’ll ever buy a CD again."  Is music packaged as albums and sold on CD’s really dead…probably not yet, but I think it will be soon.

I have a lot of friends who are professional musicians…I think this change has significant implications for the way they should be creating and packaging their music.

Standard
Business

Who is your blog about?

Here’s an excerpt from a great post by Seth Godin.

The mistake most blogs and books make: they are about the writer, not the reader.

Years ago, a friend (a former judge) wrote a thriller. It was based
on a true story that actually happened to him. It was terrible. Why?
The fact that it had actually happened was interesting to him, but the
typical reader didn’t care at all. That’s because the typical reader
didn’t know him.

The things that fascinate you about your life are almost always
banal to strangers. Strangers want to read about their lives, not
yours. And guess what? The same thing is true about prospects and
customers and just about anything you can imagine marketing.

Read the full post here.

Standard
Business

Buy One Give One Free

Seth points us to TOMS Shoes.

Their approach is brilliant for two reasons.  For each pair of these economical shoes you buy…Tom donates a pair to a child in need…no complicated formulas.  The shoes themselves become more than a fashion statement…they become a conversation piece.  Unless you wear Keens when was the last time you had a conversation about your shoes?

Watch the video here and ask yourself "How can I build giving into my business plan?"

Standard