I have a friend who has started eight businesses in the
last 25 years. He's been in everything from Mopeds to
Publishing. By most measures, every single one has
failed. A few outright, but others were bought or
transitioned in to very distinct variations of his
founding vision.
The point? There are two:
1. The notion that ideas are a dime-a-
dozen and the real key is execution is completely
correct!
2. No matter what, IDEAS, innovation or
creativity, or whatever you call it remain the lubricant
that drive business. Even in failure, things are learned,
people and companies pay taxes, inventions get
tweaked or services modified to better serve
customers. Setting aside the sometimes difficult
human part of the equation, ideas are a good thing.
That is the basis for this newsletter. Here are
approximately 800 words worth of ideas, notions and
observations. Yes, some will fall into the "half-baked"
category, and some are no doubt little more than
yeast, so let your conscience decide.
Disclaimers:
- Caveat Emptor. Not saying any are
good or bad. They are just ideas. Some from right
here in Beldenland and others heard during travels,
conferences or in working with the dozens of Belden
clients seeking new solutions. Please contact us for
additional insights to any one; or, reject one soundly,
so we can celebrate another successful
failure.
- Apologies in advance if some of these
don't get the attribution they deserve (or are trying to
avoid).
- As the title implies, there will be more. If
the premise is correct and "ideas" and "innovation" are
good, share your best and we'll pass them
along.
-
Lastly, DO NOT rely solely on other ideas
and "best practices". That is a recipe for oblivion.
Doing nothing more leads to mediocrity.
See what you think...
...Glossy newsprint for fashion sections and/or fashion
ads. How long have advertiser's hidden behind
the "we cannot get magazine-like reproduction, so we
won't advertise in newspapers" excuse...and, how long
will we let them?
Right here in Dallas, the Morning News ran
their Fashion Section three weeks ago in an entirely
glossy newsprint and zoned this to their highest demos
(approximately one quarter of total distribution) and
according to one editor, readers love it and advertisers
are "snapping it up!"
(By the way, this happens all the time overseas.)
And,
since I've mentioned this recently, I have learned of a
few others doing it, but why not more??
...What about an ALL subscription product? This is
really an intriguing notion - - as important as
advertising is, would special niches pay for the right
advertising-free content delivered monthly? And,
could
the internet be used to minimize distribution costs?
The answer is yes. There's already a magazine group
called Reiman Publications doing just that! Multiple
titles like Quick Cooking, Birds & Blooms and Country
Woman (there are 10 or so altogether) have a huge
following. There's a there there. I'd love to see
someone run with it...
...Getting away from content for a minute, what would
happen if we completely rethought the newspaper
rack? Think about such radical notions as dispensing
change? Accepting credit cards? Constructed so that
promotional cards or copy could be displayed on all
four sides? And, what about incorporating sound
(Hypersonic Sound application?) to entice single copy
buyers? And, in a related way, other countries are
successfully selling subscriptions, yet allowing
commuters to pick up their copy at a newsstand. That
wouldn't apply in most markets, yet could be great in a
selected few.
...I have heard there are some doing this, so let me
know where - the newspaper creates and facilitates
the conversation between teachers and parents for
schools. Use the internet in a way it can provide
splendid value and allow homework assignments to be
published or snow days to be announced or anything
to be emailed so there is more communication between
the two. I can think of plenty of obstacles, sure, but
the benefits seem to far outweigh the challenges.
Perhaps most importantly, there's little doubt we could
find the right "sponsor" (plural?) to fund the entire
enterprise.
...Can imbedded advertising work in a newspaper?
Research on product placement in TV and movies
suggest there is far more recall or awareness. There
are a host of "church and state" reasons not to even
countenance the discussion, but maybe there is a
way? It's easy to envision a full page "watermark" ad
bordering on subliminal, but being very effective.
...If PVR's (TiVo, ReplayTV and the like) really upend
the business model of television, should newspapers
find a way to partner with TiVo to accelerate this
disruptive innovation? It seems worth a test at
the very least. I can envision a package of
subscription services joining paper and TiVo service in
a way which could bring additional added value (and
opportunity to upsell) to readers, viewers and
advertisers.
That's it from the present...
More next month.
It would be wonderful if In The Know readers emailed
me back with comments, questions, or better yet,
their own ideas for distribution. With or without
attribution...you let us know. I look forward to
learning
what you think.