Tag: entrepreneurship

Out of the room

FabrizioLeave a comment

It is difficult not to be bothered by a fly in a closed room.

For as much as you force yourself into a state of flow, the fly will make its presence noticeable incessantly, and eventually you will be left with two options: either be distracted by it – shooing it away, having your pressure and heartbeat rise, calling it names, trying to catch it -, or open the room to let it out and continue your activity.

There are two points to this short and conventional story.

The first is that, more often than not, we choose the distraction over the solution. It feels easier, we don’t have to stand, it gives us a prompt and lasting excuse not to do the work (well), and it feeds an illusion of time passing.

The second is that if we want to do the work (well), we first of all need to keep flies and other distractions out of the room where the work is done.

It is that simple.

Advertising trends

FabrizioLeave a comment

A couple of considerations looking at the charts in the tweet below.

The growth of Facebook (including Instagram) is surprising, in that it comes at least in part from erosion of the share of Google (including YouTube). That means, of course, that Zuckerberg and friends will change very little of what has made that growth possible, even if at the expenses of social and civic well-being.

It is quite a thing that print still gets 7-8% of ad spending, despite people spending just 1-2% of their time with print. Considering a similar ratio was also valid in 2010, print had probably been seen for a while as a cheap option to spread the brand. And perhaps one that can get pretty granular (niche and lifestyle magazines) in front of a pretty high level of control (that companies lose with programmatic, for example).

Despite the attempts of innovating and the limitless potential of the platforms, advertising on digital (both mobile and desktop) is still pretty much a copy of what was previously happening on television, radio and print: interrupting the attention of somebody who is there to do something else. Nothing particularly new regarding what advertisers are looking for.

From old to new

FabrizioLeave a comment

When you hear about something new, make sure it is actually new by relating it to what is already known, done, accepted in your field.

It happens quite often, in marketing for example, that a new concept is a mere rebranding of old tactics. This is done, more or less unconsciously, in part to ensure tactics stay relevant, in part to appeal to a new wave of workers, in part to protect the work of marketers (who are by definition creative and innovative).

The basics of marketing have not changed much in the past decades. The best way for you to be in marketing these days is to start from them and build your way to what is new, not the other way around.

Would you?

FabrizioLeave a comment

Would you buy your own product?

It’s not a difficult question to answer for most founders and executives, but there is a lot more to it that is worth asking.

Would you spend money regularly over a period of time to use your product?

Would you do that after having visited your website?

Would you move away from your main competitor?

Would you click, read and act on any one of the automated emails in your nurture flow?

Would you be engaged by your blog and social media posts?

Would you be ok with being automatically charged once the trial period is over?

Would you accept the LinkedIn invite from one of your sales rep?

Would you work for your company if Google, Apple or Tesla would come knocking?

Would you accept a job offer even knowing how things work at your company?

We should stop dissociating. We are customers and buyers in the first place, we do know what we enjoy to consume and what we spend money on.

It is a very good place to start from.

Hiding

FabrizioLeave a comment

If there is a feature or a characteristic of your product that consistently keeps your audience from buying, you have one of two options: change the feature, or change the audience.

Hiding the feature, on the other hand, is but a shortsighted and counterproductive trick. You actually want people to know about it as soon as possible, so that you do not end up wasting time with those who consider that a roadblock.

This is something marketing departments often get wrong.