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Posts Tagged ‘Business’

The Room101 Conspiracy Has Landed

Tuesday, September 29th, 2009

Christian Eiroa of Camacho Cigars, open boxes of the new Room101 cigars minutes after they land at Camacho’s Miami warehouse. Room101 Cigars will be available at select retailers nationwide on 10/1/09. For more information about Room101, please visit: http://www.room101cigars.com

Camacho Cigars partnered with Kompani Group in releasing the newly created Room 101 Cigars website on October 1st. Stay tuned.

The disconnect between social media and traditional advertising.

Monday, September 21st, 2009

Just read a great article by Jason Falls from Social Media Explorer observing the facts between one way and two way communication in the advertising world of today. This is what Web 2.0. Its not about the design and its not specifically about having something viral. It’s about facilitating the communication of that viral element in a campaign. Listening to what your consumers are saying and responding to them. Advertising agencies don’t get it. They want and continue to shout instead of listening. How did successful businesses of the past promote and conduct themselves before the internet infiltrated our lives? They listened, and reacted to their consumers needs and desires. Before it was a handful, now its thousands at a time. Social media know how to leverage those thousands of users, get them talking to you, get them communicating with each other, and over time build a strong relationship with your company. Maybe we should call it the rebirth of branding.

Check out the rest of the article here. Great read.

Innovative Company of the Week: Vulcan Motor Club

Thursday, July 23rd, 2009

Heard of fractional jet ownership? Well now there is fractional supercar ownership. Check out the Vulcan Motor Club’s exotic car club. It’s Kompani Group’s pick for innovative company of the week. Great answer for those recession weary playboy’s. Wonder if there are some other big ticket items that can be turned into fractional owner business models? Luxury houses, handbags, watches? Interesting.

Vulcan Motor Club | Exotic Car Club NJ/NY

Vulcan Motor Club | Exotic Car Club NJ/NY

Imagine walking into a gunfight without your gun!

Thursday, July 23rd, 2009
Attorney business card 1895
Image via Wikipedia

I just attended a great business mixer by the Miami Beach Chamber of Commerce. The mixer was held at the Miami Herald and hosted by the newspaper’s Miami Beachsales rep, Ted Hay. I have been an active net-worker for sometime and have learned to be humbly aggressive in meeting people at these gatherings. There is always an opportunity to sell yourself or your business, but it’s sometimes easier at a business networking event (for some people; others are think of networkers as a great place for free food). It all comes down to:

  • Are you mentally prepared to give and receive business
  • Will you present yourself effectively
  • Will you make a personal connection that is deeper than just your pitch.

It seems that I am always confronted by:

  • People that hide in a corner sipping on their coffee or eating a bagel not interacting with anyone.
  • The initial handshake and conversation, which turns to the exchange of business cards and your counterpart gives you one of the following:
    • “I don’t have one”
    • “I ran out” (which could be a good thing, if you have met every single person at the event, and the last handshake is for a tardy walk in)

You should always have a business card and you always need to have a backup stack ready (stick some in your socks). Some day there will be a universal way that cell phones can pass or bump contact information from one person to the other, but until then, nothing says what you do and how to get a hold of you better than your business card.

Now if you don’t have a business card or just rely on inputting the persons info in your phone or contacting them; you are at a disadvantage. There is a game to the business card shuffle. Here is my shuffle:

  • Meet someone and exchange cards.
  • If I am interested in the person’s business, then when I get back to my office I send a “How’ya doin” email.
  • Save their contact info
  • And wait to get a response or follow up with a phone call in about a week.
  • Those cards of people that didn’t make an impression on me, they go into a stack.
  • That stack grows, gets repositioned on my desk a 100 times, gets stored, gets put together into a house for my Munny).
  • All with the goal of eventually inputting them all into my contacts.

At the end of the day, it might be months before I see the business cards for that cutting edge caterer or that dentist who uses sedation to drill into your teeth. But I will see their cards again. The second time, I might have a need for that caterer and then get my teeth worked on after I eat that molecular gastronomic dessert.

A business card is a fundamental tool in getting you out there and to be remembered by your newest best friends. Creating a card that is professionally designed, may get peoples attention. A business cards is the 21st. century Colt 45, imagine going to a saloon in the 19th. century Dodge city without your gun.

During the mixer the only card that really stood out was one from a soon to be opened hotel.

The business card was a plastic room key(not a good thing if your sweet heart checks your pockets, but it would definitely stir up a conversation).

Obviously the cost of creating a card like this is more than the average business person has to spend, but there are hundreds of other creative ideas that can make your prospects take notice.

At the end of the day, you want to promote your business. You want your business to always be in mind. Sometimes it all starts with a handshake, your 1 minute pitch, and your business card. What does having or not having a business card say about you?

Game over for GameStop?

Saturday, July 18th, 2009

Game over for GameStop? GameStop’s main revenue source is through the sale of those shiny little discs. What will happen when the developers exclusively release their games via the console’s online marketplaces?  People will less likely go to a location to buy a physical item. Yes, it’s great to get the little booklet, and some of those exclusive packs have some cool swag. But we find it much more convenient to download the games, which actually also results in increased sales of add-ons for the distributors.

This leads us to our next observation. In a recent article that we read about the reported sales of the game, Crackdown (1.5 million), the developer mentions that they only broke even and in actuality sold about 2-3 million copies. What happened to the extra revenue? GameStop and other retailers made money on the used games. I believe the developers should have a cut of that money. We can argue that when you buy a car, the manufacturer does not see residuals on future sales of that car. A game is digital and remains intact, the only depreciation would be on the packaging or the disc itself.

So back to the point at hand. GameStop will eventually be in the same boat with the music business going from record, to cassette, to CD, to online download. How could GameStop reinvent itself?

  • Maybe it will become an antique dealer of old games and consoles. (which is somewhat does now)
  • A place that only sells the consoles, and peripherals.
  • Stand alone kiosk that resells the games onto a portable storage device. The kiosk being placed strategically in malls, convenience stores, etc.

What would you do if your industry changed as fast as GameStop’s industry? Do you have a contingency plan in place that will allow you to evolve just in time to save your business? Things to ponder! Sometimes the surest things have a way to undermine themselves. Don’t grow stale with your current products or services. Observe and always look for the next frontier in your industry, or take advantage of your perfected processes and look to apply those processes in an entirely new industry. Always have a plan ready for how to reinvent yourself when and if your find yourself swimming against the current.