Some bits about business
For the past decade we’ve invested in and celebrated companies through the lens of network effects, Amazon’s power in retail, and measuring the potential of a brand by its scale and path to category dominance. We assumed that antiquated monolithic brands would be attacked by new modern brands that take over consumer consciousness enmasse. But instead, old and big brands are fighting against thousands of tiny brands with low overhead, high on design merchandise, and supremely efficient customer acquisition tactics. Many of us failed to recognize the collective impact of the long-tail of micro brands.
A lot of questions here: how many of these brands will survive the test of time? Isn’t it too risky to build a business on top of a single, closed platform? How can you tell which brand is authentic and which is not? Does it even matter? Only consumers hold the answers.via medium.com
Can you think of any other demographic, ethnic or social group that anyone would claim is best influenced by targeting someone else? The whole science of marketing is based on finding the most relevant message and delivering it to the most probable buyer. Except when it comes to people over 50. Then all the rules are suspended. Because these people don’t count. They just “skew the data.”
So why are marketers and advertisers ignoring people over 50?
In this post from 2013, Bob Hoffman makes some great points against the universally accepted notion that teenagers are the most valuable demographic to target in advertising.via adcontrarian.blogspot.se
Profits focus the mind. There are so many things we could do as a company, but far less that really constitute the essence of why we’re here. Profits helps us concentrate on what to do and what not to do. It helps us shed things beyond the scope, it helps us keep the company fit, without accumulated layers of fat from chasing a thousand potential directions at once.
Jason Fried, Founder & CEO at Basecamp on the benefits of building a profitable business and living outside the tech bubbles.via m.signalvnoise.com
Samsung Electronics on Wednesday called for its operating profits to rise in the third quarter, putting an end to an almost two-year decline — though the recovery is reportedly based mostly on chip sales.
Apple components business is more of a Samsung-saviour than any Galaxy phone has ever been an iPhone-killer.via appleinsider.com
“I can think of nothing that has done more harm to the Internet than ad tech,” says Bob Hoffman, a veteran ad executive, industry critic, and author of the blog the Ad Contrarian. “It interferes with everything we try to do on the Web. It has cheapened and debased advertising and spawned criminal empires.” Most ridiculous of all, he adds, is that advertisers are further away than ever from solving the old which-part-of-my-budget-is-working problem. “Nobody knows the exact number,” Hoffman says, “but probably about 50 percent of what you’re spending online is being stolen from you.”