entrepreneurship Archives - Page 83 of 235

Pricing relativity

Posted on September 29, 2011 by Steve Sammartino

When I buy something via iTunes it doesn’t feel like money. Especially when it is an app that is a few dollars at most. It’s easy to press a button which confirms a purchase at a value which is lower than anything you can buy in the real world. A coffee or coca-cola is $3.50 these days. it doesn’t end there though. When we get the bill on our credit card it’s the smallest number on the page.

Mobile phone plan $59

Restaurant XYZ $179

itunes $2.99

Again – the comparative spend makes it easy to ignore it as inconsequential expenditure. Yet, for some reasons we’ll switch brands at a supermarket to save 15 cents on the purchase of toothpaste.

There’s an important lesson for entrepreneurs here, and that is the selling environment and immediate comparison.

Relativity.

How can we sell our brand in place where it looks cheaper than everything else on offer, as the biggest barrier isn’t how much money it costs, but how much it costs relative to the things around it? It turns out that what the price is, is not nearly as important as where the price is.

The art of the future

Posted on September 27, 2011 by Steve Sammartino

The art of the future is about taking seemingly disparate pieces of technology, information and ideas and linking them in a new and meaningful way.

The beauty of this truth is that it is something that can’t be outsourced to the microchip, structured in a spreadsheet, the singularity wont replace it, and the incumbents wont embrace it. The only way it will arrive is when you discover the pieces and show us why they belong together.

The Service Shift

Posted on September 26, 2011 by Steve Sammartino

I recently tweeted something that, I think deserves a more detailed explanation:

This is true for a few reasons.

A direct world: all customers can and will contact brand controllers directly. Information services and direct brand channels such as twitter mean that customers deserve and expect direct answers and interaction. Something only traditional service companies would once provide.

The manufacturing gap: Every year the chasm between between brands and manufacturing is widening. In fact, many of the worlds most adored brands don’t make what they sell. They either design and direct (eg Apple) or only make information (Facebook / Google). In fact consumer manufacturing stalwarts like Kraft and Proctor & Gamble produce far less than they ever have. The gap between makers and marketers will only continue to widen. And require traditional brand owners to become more service oriented in the process.

The virtual replacing the physical: Increasingly we are making and selling virtual goods. Goods that are consumed intellectually. Think video games – and then think far wider. Just because we can’t touch something, it does not mean it doesn’t provide significant utility. Paid for mobile apps and software are great examples, as is music in digital format. The CD only provided utility in that it delivered the music, nothing more.

Recently Marc Andresseen, was quoted as saying ‘Software is eating everything’ which is a very important statement. The shift is happening, and even if we still make stuff – increasingly our service orientation will be how we win.

The system is dead

Posted on September 26, 2011 by Steve Sammartino

Journalism is dead. No, newspapers are dying. Writing has never been more omnipresent or important.

The music industry is dead. No, more artists are making more music. It’s just not in a record store.

TV is dead. No, TV is different. ‘t now has 6 billion channels with www. addresses rather than 200 numbers to choose from.

Advertising is dead. No, we no longer “tell then sell”. We now collaborate and create before hand. The 4th P is now the 1st.

Print production is dead. No, we print on our desktop. We print millions more pages than ever.

Book stores are dead. No, stories and reading continue to grow via the screen and home delivered books.

Retail is dead. No, it’s growing rapidly. In different places, in different ways, all digitally augmented.

The point is that anything that is culturally or economically important will never die. Humans will find new ways to keep them alive, or more truthfully make them more alive by knocking down the previous barriers to entry held in place but the profitable incumbents. They loved their systems because it made them rich from keeping us out.

My question to all entrepreneurs is this; how are we making the most of the change old dying systems are presenting us?

the Collective Age

Posted on September 20, 2011 by Steve Sammartino

We are entering the Collective Age. Connections are circumventing traditional systems. An age of horizontal eco systems that disrupt the top down Industrial era. An age we’re we will not be governed for long. An age where the owners of the factors of production are desperate for our input and use of these idle resources. An age where we don’t vote and hope, rather where we collaborate and create. An age where every garage will become a factory – via innovations like 3D printing and sharing designs of stuff on-line. An age where National Government data is being handed back to us so we can mash it up and create software applications to run our cities and countries better than they ever could. An era were we can use digital communications to organise ourselves in real time…. and change our landscape before the bureaucrats have time to realise what has happened.

Technology is facilitating emergence, we are finally becoming one organism that serves the collective.

In fact, this hasn’t happened yet. And it may not happen if we let it pass us by – the question for entrepreneurs is how will we embrace this opportunity for revolution to create the actual world we want to live in?

#Stream11

Posted on September 8, 2011 by Steve Sammartino

For the next few days I am at the WPP Stream Un-conference in sunny Greece. Many of the worlds best minds in technology, communications and media are here. So I’ll be living tweeting their insights and blogging what I learn.

If you don’t already make sure you follow my twitter stream by click on the icon below and share the learnings with your crew too.

Give us a taste

Posted on September 8, 2011 by Steve Sammartino

I was recently flying with Emirates and got talking to the cabin crew. When I later asked for a cappuccino they gave me a nice little extra effort. See below:

For the uninitiated, that is the Emirates tail logo as the chocolate on my coffee. I was impressed so much I didn’t want to put sugar in and mess it all up. She did mention that it was normally reserved for 1st Class passengers, but they thought I might appreciate it in business class. They gave me a taste of for next level.

My question to entrepreneurs is this: How are you giving your customers a taste of the top tier?