Showing posts with label ROI. Show all posts
Showing posts with label ROI. Show all posts

Thursday, January 10, 2008

Murdoch Shackles Media

On Mashable.com today, blogger Paul Glazowski discusses Murdoch's business strategy and how Murdoch attempts to revamp the Wall Street Journal in the coming months.

I say pony up, Murdoch. Quit stalling. Just give us the stories, and stop asking for our credit card info when registering accounts. Yes, we know, you like making the most money you can. But as we all know, news on the Net is now news without fees. Give in, dude. Now. Or at least soon. There’s simply no point in holding out any longer.


Well, the internet is definitely taking over the media and a lot of paper-based models, like the Wall Street Journal, are going to have to ways to cope. Certainly, a lot of odd-ball pricing models are going to make their way out especially if media companies want to try to avoid the advertising revenue stream as their main pricing strategy.



Wednesday, January 9, 2008

Get on the Ski Bus, Gus

Yesterday, I talked about the importance of authenticity in business relationships, which aren't as casual as with your friends, where you can wear what you want and they probably follow the same fashion trends (or lack thereof).

Well, friends are part of your network, too. Yesterday I got into this referral program for a ski bus that takes you to Lake Tahoe and back all in one day. It got me thinking about how smart these ski bus people are. They combined some really important elements of referral marketing (sometimes negatively called the pyramid scheme) and utilized secondary relationships through their ski bus members.

To be more specific, the ski bus solves time, money and efficiency problems that alpine lovers hate. Normally, I don't get suckered in to the things like this but money is an issue and I don't want to sacrifice the snow season either. Here's an imagined conversation with said ski bus company.

Me: I am a snowboarder and I have friends who snowboard. We carpool together and share motel rooms and we've done the whole quick, dirty, cheap snowboarding trip thing. It's not that great, because we spend our first day of the weekend driving! This is why: Driver A thinks it sucks because he has to stay awake while everybody is napping. Then, we stop on the side of the road for gas, and Driver A switches with Driver B so that Driver A can take a nap. Then somebody absolutely has to go to the bathroom, especially the girls who have small bladders, and another wants a snack from the 7-11. We spend more time driving than snowboarding!

Ski bus says:No problem. We'll hire someone to drive, have no stops, keep a lavatory on the bus for emergencies and everybody can take a nap on the way to the slopes.

Me: I just updated all my gear--boots, bindings and board. I don't want to pay for a lift ticket and your bus ride. It sounds like it will be more expensive.

Ski bus says:: You can ride our bus for the same price as a lift ticket with transportation included, because we reduce our costs by not advertising. Instead, what about YOU do our marketing for us? Tell your friends about us and we will give them SKIBUS dollar discounts if they sign up and also, you'll get more discounts if they tell their friends.

Me: Yeah, I would totally refer my friends because I will do anything not to pay my entire year's salary just to have some fun and I know my friends don't want to pay huge amounts either. Not only that, but I'll keep using this service since I get discounts through them and don't spend all my time trying to drive up to Tahoe.

***
The only thing that is a bit annoying about this site is that they have an e-mail address called "typos at skibus dot com" because who ever is doing their copy doesn't know how to spellcheck their work. They know that us snow people are the types who say "Will do anything for snowboarding/skiing" and they really employ high level participation to the max. I mean, typos--that's not our job to notice things like that. It's yours.

If you want a $5 discount to go snowboarding, just comment to let me know. Like I said, if it works on me, it'll work on any ski bunny. OK, I admit, it is a sort of plug for said ski bus but think of it more as me glowing in admiration.



Tuesday, December 4, 2007

Communication, a Media Invasion

I was talking with some of my colleagues from the Silicon Valley American Marketing Association (SVAMA) yesterday and we were speculating on social media and how this arena is changing traditional media. Michael was saying that it's actually not true that current media replaces old media--it just gets re-innovated. Radios didn't get replaced by Walkmans, and even though we don't use the old tapes format anymore, we don't listen to music any differently than we did after Walkman. And books haven't gotten replaced by things like the Kindle or Sony e-Reader and so far, it doesn't seem like they will. It's almost impossible to have a true "paperless office" even with cool tools made by Google Apps and Zoho but one thing that remains true is that innovation is constant and changing.

I'm no expert, but some good conclusions came out of our group conversation, but I keep noticing some of the same themes. The group I was speaking with were fairly knowledagable about social media. But in general, a lot of marketers aren't sure how social media works and there a lot of fear surrounding blogs, social networks and such to use them as a marketing tool. I think we just need to get back to basics and remember some marketing 101: who is your target market and will the tools you want to use serve your business/marketing objectives?

Of course, it's easier said than done, so feel free to post your thoughts on social media approaches and/or the latest trends in technology innovation that you see.