Fashion and Function

Below is a picture of a ‘brand on fire’Crocs. The basic summary is Crocs are a highly functional rubber sandal which are really very comfortable.

crocs-sandal.jpg

 

They have really caught the imagination of the public. But the thing about crocs is that in real terms, they’re pretty ugly shoes. Not very sexy at all. Nothing compared to other sexy consumer products like the ipod or a bottle of San pellegrino. They look a bit like hospital theatre shoes.

But Crocs have made their way into an every day fashion. Love them or hate them, brand ambassadors are now wearing them for their ‘cool appeal’. They’ve become fashionable on beaches, city streets, sailing decks, at swimming pools, cafes, sporting events, as in home slippers and surfers are wearing them to hop over rocks to their favourite reef break. We even see pairs matched up with socks in winter!

The thing is, Crocs work. They really have a multi purpose usage which sandals, thongs, or runners don’t. They grip, they’re water proof, they fit nice, they don’t cause blisters, they absorb shock, they protect and they last a long time. I can’t even begin to imagine how big the profit margins are on Crocs. But the recent range proliferation tells me that it’s substantial – check it out here, or in your local Crocs store to be blown away.

Start up lesson:

If you want to be ‘fashionable’, focus on being ‘functional’.

Number 1 tip for web entrepreneurs

 

GO OUTSIDE !

 crowded-city.jpg  

Sounds ironic or even slightly crazy. But here’s what we must consider.

We are not really in the ‘online’ business. We have a business which just so happens to have an ‘online’ presence.

Itunes is in the music business

Ebay is in the second hand (new) goods business

Google is in the advertising business

McDonalds is in the real estate business

Wikipedia is in the democracy business

Everything is not what it seems. The best opportunities are out in the world where our people are living their lives. The best ideas come from conversations we have, not spreadsheets we do. The best way to engage business associates and customers is to meet and interact with them…

…The best way to market to our world is by being in it, not isolated from it.

In the words of marketing polymaths Reis & Trout: “An office is a very dangerous place to watch the world from”

Self help books

Self help books are great. How to books are great. Blogs are great.

 

In fact there is probably no better way to learn how to do anything, improve our life and achieve our goals. But at some point we need to put the books down, and resist the temptation to buy another one when next browsing through the local bookstore.

We have to implement instead.

Every book on entrepreneurship, finance (insert topic here) has a slightly different spin – the next big idea. One which could change our thinking and even tempt us to re-do our plans. It’s at this point we need to test things in the real world. The only thing more valuable than planning and learning is doing. If things don’t work, then we can go back and look at another theory or method.

So let’s all turn off our computers, stop reading (writing) this blog and get out there and implement our vision. Good bye, and good luck.

Waiting lists

In Melbourne there’s a sporting club called the MCC. The Melbourne Cricket Club. Being a member gives you the rights to attend any sporting event at the MCG stadium (which seats 100,000 people).

 

Granted they are great seats to watch the football from. It also has a couple of restaurants and old school establishments within its confines. The membership costs about $500 per year…it’s nice enough.

 

There’s a 20 year waiting list to become a member of the MCC!

 mcc.jpg 

You need someone to die before they admit another member. People talk about how long they’ve got to go before they’re likely to become a reserve member.

It’s a rare business where making customers wait is part of the allure. Sure there’s a lot of history as the club is over 100 years old. I wonder how a start up with a premium / unique product could make ‘waiting’ a selling point?

How to run a consumer promotion

There’s no shortage of really crappy consumer promotions out there. I blogged recently about budget airline Jetstar’s poor attempt here.

 

Win a car. Win a holiday. Conditions apply. Buy 3 years worth of our product to enter… need I continue?

 

Here’s some tips on running an effective consumer promotion:

 

Make it simple to enter

Make it free to enter

Make it a race

Make the prize unique

Make the prize the ‘users’ choice

Make it benefit your brand & the entrants

Don’t ruin it with terms & conditions

 

And here’s an example of the above which we have done for rentoid.

 

Feel free to enter.