Giving Up Control

I received a call from a colleague recently who pondered why music companies don’t release new albums along with concert tickets at the same time. That way, fans can download the music or buy it at a store along with tickets to the upcoming shows. He went on to wonder if there is concern about free downloading of music and movie torrents, why don’t studios simply release the film and DVD on the same day?

What? And Give Up Control?

Old model thinking is you can control the marketplace, behavior and spending. It is a fantasy. If you owned restaurant and people quickly found out that Thursdays are free food nights, how big would your line up be on Friday? Sure some would come back because you offered great food at a great price point, but could you control that?

Collusion vs. Solution

I have been in media and marketing for a long time. I know it doesn’t work this way. It’s not a simple solution but is it not a worthy discussion? The Ticketmaster/LiveNation merger has created a lot of heat because of the collusion ramifications, so merging a distributor with a concert company and a music label will create even more.

But let’s focus for a moment on behavior.

We all know stealing music is wrong, downloading movies is illegal, taking something that isn’t ours is improper and our moms taught us that years ago. But has that changed behavior?

If you found $1,000 in an unmarked envelope on the ground, what would you do? If I told you that you could download as much music as your heart desired without any consequence, what would you do? If you found a loophole to avoid paying income tax, what would you do?

Is it wrong or is it reality?

The topic of free is a big one right now. If you can get the same service or product for less money – or even free – is that your preference? Now flip it around and tell me you will offer me your service or product for less money or free.

The music labels are in trouble, that’s well documented but as one who adores music and wants it to continue to thrive, let’s look at solutions rather than trying to cram more genies in to more bottles.

How does this apply to your work? How can you better understand customer and human behavior in order to better meld your business plans with reality?

@knealemann

photo credit: rdhelectronicsinfo.com

Daylight and Money

Something interesting happens as the temperature begins to warm. In North America, the clocks have sprung forward to save daylight and in many areas the snow is melting and spring is coming soon. There seems to be a fresh optimism in the air despite the rough winter we had and the long recovery we may experience. For the most part we are essentially optimistic creatures.

David Thackston wrote: “A positive effect that Daylight Saving Time has on the economy is that it gives people the opportunity to spend more time outside of their homes in the evenings, attending sports events, shopping, and in most all cases, spending money.”


What will happen this year as we all watch our spending?

More daylight does give us time to enjoy the outdoors more, get together with friends more and perhaps use our computers less while sharing time with each other. Perhaps this will give us needed time to discuss options and ideas. It may be a lost concept, but why don't we put down the tools and talk to each other out of the confines of our walls and social media spaces.

Share Share Share

It may be radical to suggest we tweet less and share more. So, put the laptop away and enjoy some fresh air with colleagues and friends.

We need to work harder, but more importantly we need to work smarter. Perhaps we need to spend less time on trivial things and more time on solutions.



How does this affect the types of entertainment we produce, the kinds of advertising messages we send and the ways in which we communicate socially?

knealemann

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photo credits:
www.lakecarey.com ◦ www.newsimg.bbc.co.uk ◦ www.carboncatalog.org

Boxing Day and Bargain Hunters

If you live in Canada, New Zealand, Britain or Australia, today is Boxing Day.
If you are so included, happy shopping!

The Origin of Boxing Day
This tradition dates back hundreds of years and refers to the day after Christmas when servants – who had to work on Dec 25th for their employers – were given a day to visit their families, have their festive celebration and bring gifts or “boxes” to their loved ones.

In modern times, Boxing Day used to be one day. And there was a build up. This was the day many would spend cash they received as Christmas gifts and the deals were actually deals.

Introducing: Boxing Month
Nowadays, Boxing Day seems to begin around the middle of December and lasts until mid-February. That makes about as much sense as slashing prices because it’s Abraham Lincoln’s birthday.

The Bargain Hunter
This year, this normally fearless wonder runs risk of landing on the endangered species list. This creature – indigenous to retail and online monetary exchange environments – has been blessed with a sixth sense for deals.

It can take on a multitude of human forms and is not fooled by empty promises and orange signs with words scrawled “final markdown” on them. The number of Bargain Hunters is down this year, some may be hibernating early and some may not return. However unlike most of the endangered list, the Bargain Hunter is a resilient creature. But we can still not assume they will return in droves.

Supply and Demand are Half-Brothers
Marketing and Branding are interesting industries. It is our job to create a need for a product the potential customer may not need nor know exists.

Need vs. Want
There is an interesting phrase that has bounced around through the years in marketing and branding that is “creating a need”. When you are hungry, you have a basic human need to eat. However indulging in a triple fudge sundae with whipped cream and cherries is not what you need. Sounds good though, doesn’t it? None of us need a Porsche but the company that builds them hopes some will feel the want which will be enough to create even a false need.

They Will Always Be There
There is a reliance that the Bargain Hunter will thrive in this environment. Because the only thing that is important is getting a good deal, right? Wrong.

The Bargain Hunter is wise to the tactics and schemes. He or she is also leery about the financial future and may no longer simply buy everything in their path.

How will you change your business model to adapt to a more careful and savvy customer base?

km