Tuesday, December 8, 2009
This is a quote from a recent blog that was written by Dan Blank and whole heartily agree. To read the rest of this fine entry check out Creating Interest vs. Providing Solutions.
Sunday, November 29, 2009
Wednesday, November 18, 2009
Friday, October 30, 2009
Thursday, October 22, 2009
Wednesday, October 21, 2009
Tuesday, October 13, 2009
Monday, October 12, 2009
Monday, October 5, 2009
- Revenues Decreased 5.3% in first half of 2009 —Internet advertising revenue in the U.S. totaled $5.4 billion in the second quarter of 2009, a decrease of 0.7 percent from the 2009 first-quarter total of $5.5 billion, and an decrease of 5.4 percent from the 2008 second-quarter total of $5.7 billion.
- Year-to-date Internet advertising revenues through June 2009 totaled $10.9 billion, down 5.3 percent from the $11.5 billion reported for the same six-month period in 2008.
- Search Continues to Lead, followed by Display Banners and Classifieds—Search revenue accounted for 47 percent of 2009 second-quarter revenues, up from the 44 percent reported in the second quarter of 2008. Display advertising, the second largest format, accounted for 35 percent, followed by Classifieds (10 percent), and Lead Generation (7 percent) of 2009 second-quarter revenues.
Thursday, October 1, 2009
My friend Andrew was afflicted with ALS a few years ago. Struck down in the prime of his life at age 42 he and his wife Kelly have 2 young boys Briggs and Quintin both of whom are under the age of 10. Andrew's only mobility is via a wheel chair. The manner and speed in which ALS ravages one’s body and their family is truly terrifying.
In the summer of ’08 I brought Andrew’s plight up to our Men’s Prayer Group, a group of 6-7 who meet regularly on Monday mornings. Peter, an engineer with GE who leads our group suggested that we pray not only for Andrew’s physical restoration and family but most importantly for his salvation. I did not know where Andrew had ever heard the good news of salvation or had asked Christ to come into his heart [life]. A few months later I purchased a Bible and asked our group if they would sign it for Andrew. I had no idea whether Andrew would want to read it but when I stopped by to drop it off his wife Kelly was most grateful . For the next year our group continued to remember Andrew in our prayers.
Last Thursday afternoon Andrew’s wife Kelly called me out of the "blue" to say that Andrew would like me to could come over and read to him from the Bible that I had dropped off the previous year; I said “yes”! On the way over I called Bo Matthews, Sr. Pastor of Brandywine Valley Baptist Church in Wilm DE and Peter Mason, Sr. Pastor of Faith Baptist Church in Rexford, NY for advice on where to start when reading the Bible to someone for perhaps the first time - they both said start with Romans 8. I added John 3:16-17, Matthew 5 (first chapter of Jesus’ sermon on the mount) and two of favorite Psalms; 19 and 23.
After reading I asked Andrew if he would like to invite Jesus into his heart to receive the gift of eternal salvation and someday soon a whole new body. To do so all he would have to do is pray in his heart acknowledging to Jesus that he’s a sinner and to ask for forgiveness of those sins and believe that Jesus came and died on the cross to offer that forgiveness.
There was no formal religious ceremony, just Andrew and the Lord. I closed by praying with Andrew and asked the Lord to wrap His arms around Andrew and to hold him and bring him the joy, peace and hope that can only be found through a relationship with the Lord.
I can’t wait to go back and read some more.
Thursday, September 17, 2009
With budgets being tighter than ever both on the client side and within your own agency walls, it is critical that when opportunities arise, you and your team do everything possible in order to land the business. For a lot of agencies, this still means pitching to win the work, whether you like it or not. Yes, it is an old way of doing business, but it is not one that is going away anytime soon, no matter how loudly some people yell.
With that in mind, you might as well get used to it and get better at winning the pitch.
What are the steps to winning the pitch? I've boiled them down into the following:
- Get a reputation.
- Come up with a great idea.
- Do your homework.
- Be early. Be awesome!
- Don't forget the human touch.
Monday, August 24, 2009
Kent Lewis provides a concise and succinct list of the "in's and out's" of the six (6) leadig social media sites that every marketer should be familiar with - if not using - in his blog http://www.imediaconnection.com/content/24169.asp
- Community mindset: connect
- Primary demographic: 25 to 45
- Ideal fit for: entertainment, lifestyle brands, and non-profits
- Biggest opportunity: using ads to build fans
- Biggest challenge: few appreciate Facebook advertising
- Metrics: fans, comments, likes, wall posts
- Helpful tools: Lexicon, ad interface, applications, analytics, connect, etc.
- Community mindset: connect
- Primary demographic: 15 to 25
- Ideal fit for: music and entertainment
- Biggest opportunity: providing music samples
- Biggest challenges: noisy; losing market share quickly
- Metrics: friends, favorites, groups, impressions
- Helpful tools: Open Platform, MyApps, MySpace Toolbox
- Community mindset: connect
- Primary demographic: 35 to 55
- Ideal fit for: service providers, industry associations
- Biggest opportunity: creating thought leadership via Q&A and Groups
- Biggest challenge: time commitment
- Metrics: profile connections, best answers, group members, discussions
- Helpful tools: Applications, Salesforce plug-in
- Community mindset: create
- Primary demographic: 35 to 55
- Ideal fit for: technology
- Biggest opportunity: develop thought-leadership
- Biggest challenge: requires significant resources over time
- Metrics: feed subscribers, comments, Technorati score, pingbacks, inbound links, visibility in search engines
- Helpful tools: WordPress plug-ins
- Community mindset: create (microblogging)
- Primary demographic: 35 to 45
- Ideal fit for: service industry
- Biggest opportunity: customer service, consumer insight, sales and marketing
- Biggest challenges: noisy; reliability issues; platform limitations
- Metrics: followers, @ replies, retweets, direct messages, custom hashtags
- Helpful tools: BingTweets, TweetBeep, TweetDeck, HootSuite, CoTweet, Mr. Tweet, Twitalyzer, blog plug-ins
- Community mindset: vote
- Primary demographic: 25 to 45
- Ideal fit for: big brands and entertainment
- Biggest opportunity: creating viral content (e.g., United Breaks Guitars)
- Biggest challenges: noise; conversions
- Metrics: views, comments, subscribers, ratings
- Helpful tools: TubeMogul, YouTube Insight
Friday, August 21, 2009
"The center of gravity in media has been on a decade long transition from analog to digital. Traditional media companies have taken their lumps during this transformative phase. At the same time many pure play digital media businesses haven't yet demonstrated the scale some predicted. The recession has accelerated these trends but also shut off the main driver of growth over the last decade;readily available, cheap capital that enabled P/E backed M & A. So we can safely predict that a series of new media rules will emerge out of this economy; driven by the perfect storm of the recession and the continued impact of technology. We can also safely predict that all of us will be challenged to rethink our businesses. So here's our take on the 9 new rules of media:"
- Reach No Longer Equals Revenue. The new calculus is: Content Equals Engagement-Engagement Equals Revenue.
- The Moment of Singularity in Media Has Arrived. Content and the applications and technology with which it's viewed and interacted with have become inextricably intertwined.
- Below the Line Marketing Has Become Above the Line Marketing. The Traditional branding and advertising market has been devastated but not simply because of the recession. Branded response is replacing traditional branding.
- Content as a Marketing Platform. Advertising is being rapidly replaced by knowledge exchange based on content.
- Integrate, Integrate, Integrate. People naturally create their own information networks by integrating content from various sources. Make it easier for your audiences to integrate content or someone else will.
- Live Media is the Original Social Media. Ironically live media, conferences and trade shows, showed extraordinary growth at the same time social networks were launched and started their growth curve. Live media will continue to serve as a central part of the media ecosystem.
- Brands Matter. As Eric Schmidt CEO of Google has stated "the unbranded web is a cesspool". You will see a return to branded content as audiences and marketers drive a flight to quality and wake up from the hangover of the "User-Driven Content" era.
- Paid Content Will Thrive. Given the amount of money the average person pays to have web access there is an inherent irony to the proclamation that the web is making all content free. People always have and always will pay for quality content. The challenge that many media companies are wrestling with is that their traditional advertising supported business model has been blown apart. When cable was launched there were dire predictions that people would never pay for television that they had been getting for free since its inception. Taken a look at your cable or sattelite bill lately? We will likely see several new business models emerge but there will be a vibrant and growing paid content business.
- Challenge the Assumptions that Made You Rich. One of the hardest things to do is to change the core strategy that built your business. Even when you see it in decline. Company philosophy and culture should sustain. Strategy and business models should evolve and in some cases be blown apart. Redefining your business to adapt to today's market is tough. Far easier to simply cut costs and hope for an economic recovery. Saving your way to greatness isn't a business model however. This economy will recover but it won't come back as a clone of the economy before it. Use this time to truly rethink your business and challenge the core assumptions in your business models."
Tuesday, August 4, 2009
"Inflation, to be properly understood, should be defined as a persistent expansion of money and credit that substantially exceeds the growth requirements of the economy. As a consequence of excessive monetary expansion, prices rise. Which prices go up and at what rate depends on a number of factors. Sometimes it is the prices of goods and services that are the most visible symptom of inflationary pressures. That was the case in the 1970s when the Consumer Price Index (CPI) hit a peak rate of 14% per annum. Sometimes it is the prices of assets such as homes, office buildings, stocks, or bonds that reflect the inflationary pressure, as we have seen in more recent years.
When inflation becomes pervasive, and other conditions are supportive, it can engulf a whole industry. We saw this in the financial sector in the period leading up to the crash. The supporting conditions or "displacements," to use the terminology of Professor Kindleberger, were financial innovation, deregulation, and obscene profits and salaries. These drew millions of bees to the honey. All great manias are accompanied by malfeasance, in this case the biggest Ponzi scheme in history and many other lesser ones. It is relatively easy to steal when prices are rising and greed is pervasive. Overspending and a general lack of prudence always become widespread when a mania infects the general public. Rational people can do incredibly stupid things collectively when there is mass hysteria.
The origins of post-war inflation go back to the late 1950s and early 1960s, though some would take it back much further. In the 1960s, the US dollar started to come under pressure as a result of US inflationary policy and foreign central banks' ebbing confidence in their large and growing dollar reserve holdings. The US responded with controls and government intervention in a number of areas: gold convertibility, the US Treasury bond market, the Interest Equalization Tax, and, ultimately, intervention on wages and prices. These moves clearly flagged to the world that external discipline would be subjugated to domestic employment and growth concerns. The policy was formalized when the US terminated the link between gold and the dollar in August 1971, essentially floating the dollar and setting the US on a course of sustained inflation. Of course, the dollar floated down, which, among other things, triggered the massive rise in general prices in the 1970s.
The next episode of credit inflation began in the 1980s, paradoxically triggered by the success of Paul Volcker's move to break the spiral of rising general price inflation through very tight money. He succeeded famously, and the CPI headed sharply lower along with interest rates, setting the stage for the massive US debt binge and the series of asset bubbles that followed. It was easy for the Federal Reserve to pursue expansionary credit policies while inflation and interest rates were falling."
Monday, August 3, 2009
Friday, July 31, 2009
"No company can consistently grow revenues faster than its ability to get enough of the right people to implement that growth and still become a great company. [And] If a company consistently grows revenue faster than its ability to get enough of the right people to implement that growth, it will not simply stagnate; it will fall."
Tuesday, July 28, 2009
Good intentions; bad results - Another Example of how our Fed Governement and politics has created the health care mess.
Monday, July 27, 2009
Below is a fascinating blog from Barry Ritholtz's blog The Big Picture
" Whenever I discussed the current bailout situation with people, I find they have a hard time comprehending the actual numbers involved. That became a problem while doing the research for the Bailout Nation book. I needed some way to put this into proper historical perspective.
If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so let’s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.
Jim Bianco of Bianco Research crunched the inflation adjusted numbers. The bailout has cost more than all of these big budget government expenditures – combined:
• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion
data courtesy of Bianco Research
That is $686 billion less than the cost of the credit crisis thus far.
The only single American event in history that even comes close to matching the cost of the credit crisis is World War II: Original Cost: $288 billion, Inflation Adjusted Cost: $3.6 trillion
The $4.6165 trillion dollars committed so far is about a trillion dollars ($979 billion dollars) greater than the entire cost of World War II borne by the United States: $3.6 trillion, adjusted for inflation (original cost was $288 billion).
Go figure: WWII was a relative bargain."
Thursday, July 16, 2009
Thursday, July 2, 2009
The Obama administration's attempts to fight the financial crisis with more cash is like treating a bad tooth with Novocain instead of a root canal, Nassim Taleb, author of "The Black Swan," told CNBC Wednesday.
The main problem is the level of debt, and Taleb compared the authorities' efforts with those of a not very skilled pilot who is trying to land a Concorde on a narrow strip, between an ocean of deflation and a mountain of hyperinflation.
"These people failed us, they're going to fail us again," Taleb told "Squawk Box."
"The way to restart everything is restructuring, conversion of debt into equity, convince people that debt is not good," Taleb said.
"Do not delay a root canal," he added. "Don't do piecemeal solutions to a problem that is fundamental."
"The solution is there, convert debt to equity. Usually it happens with Chapter 11, let's do it faster, and across the board," Taleb said.
Monday, June 29, 2009
Friday, June 26, 2009
Why Obama Plan Will Not Work; look at Trenton, Albany and Sacremento:
This was the lead editorial from today's WSJ
President Obama has bet the economy on his program to grow the government and finance it with a more progressive tax system. It's hard to miss the irony that he's pitching this change in Washington even as the same governance model is imploding in three of the largest American states where it has been dominant for years -- California, New Jersey and New York.
A decade ago all three states were among America's most prosperous. California was the unrivaled technology center of the globe. New York was its financial capital. New Jersey is the third wealthiest state in the nation after Connecticut and Massachusetts. All three are now suffering from devastating budget deficits as the bills for years of tax-and-spend governance come due.
These states have been models of "progressive" policies that are supposed to create wealth: high tax rates on the rich, lots of government "investments," heavy unionization and a large government role in health care.
Here's a rundown on the results:
Government spending as economic stimulus. State-local spending per capita is $12,505 in New York (second highest after Alaska), $10,136 per person in California (fourth) and $9,574 in New Jersey (seventh).
Has all this public sector "investment" translated into jobs? Not quite. California had the nation's third highest jobless rate in May (11.5%). New Jersey and New York had below average unemployment rates in May compared to the national average of 9.4%, but one reason is that so many discouraged workers have left those states. From 1998-2007, which included two booms on Wall Street, New York and New Jersey ranked 36th and 31st in job creation. From 2000 to 2007, the New Jersey Business & Industry Association calculates that nine out of 10 new Garden State jobs were in the government.
Soak the rich. Mr. Obama plans to pay for his government investments through higher tax rates on the top 1% and 2% of taxpayers. Our troika of liberal states are champions at soaking the rich. The state-local income tax burden, according to the Tax Foundation, is the highest in the nation in New York, second highest in California and sixth in New Jersey. New York City boasts the highest business tax rate, 17.6%, according to a study by the American Legislative Exchange Council. Seven of the 10 highest property tax counties in America are located in New Jersey.
Instead of balanced budgets, these high taxes have produced record red ink. California's deficit for 2010 is projected at $33.9 billion, New Jersey's $7 billion and New York's $17.9 billion, despite multiple tax increases this decade. The Manhattan Institute finds that three-quarters of the loss in revenues this year in Albany is a result of reduced income tax payments by rich people even though the state keeps raising taxes on high earners.
California's debt burden has multiplied so fast that it now has the worst bond rating of any state, and Governor Arnold Schwarzenegger and state legislators are pleading with Washington to command the other 49 states to pay off its IOUs. The interest rates on Golden State bonds have nearly tripled in the last two years.
Powerful unions. Mr. Obama believes union power is a ticket to the middle class. The middle class is getting creamed in all three of these "progressive" states, where organized labor is king. The unionized share of the workforce is 20% in California, 19% in New Jersey and 27% in New York compared to 13% across the country. All three are non-right-to-work states, have super-minimum wage requirements and provide among the nation's most generous public-employee pensions.
Workers in these paradises are indeed uniting -- by leaving. New York ranks first, California second and New Jersey third in moving vans leaving the state. A study by the National Institute for Labor Relations Research found that over the past decade these and other high-union states (mostly in the Northeast) had one-third the job growth of states with low union penetration.
Government health care. New York, New Jersey and California are among the leading states in government spending on and intervention into the medical market. A 2008 study by the Pacific Research Institute ranked the states on the basis of government regulation of health care and found that New York is most regulated, while New Jersey ranks sixth and California seventh. "New York," the report declares, "suffers from government health programs that are out of control, a grossly overregulated private insurance market and almost completely uncompetitive provider markets."
Have government controls and Medicaid expansions ("the public option") lowered costs? Here is what the American Health Insurance Plans found. For family coverage annual premiums in 2006-07, the national median cost was roughly $5,300; in California it was $5,884, in New Jersey $10,398, and in New York $12,254. New York's coverage mandates cause families to pay more than twice what they do in other states for insurance.
As a result, California and New York have more than one-third of their residents uninsured or in Medicaid -- much higher than the national average of 25%. More government involvement in health care in California, New Jersey and New York has raised costs and often reduced private coverage. That's hardly a model for the nation.
* * *
So goes the real-life experience of progressive governance, with heavy tax burdens financing huge welfare states, and state capitals dominated by public-employee unions. Formerly rich states, they are now known for job losses, booming deficits and debt, wage stagnation, out-migration and laughing-stock legislatures. At least Americans have the ability to flee these ill-governed states for places that still welcome wealth creators. The debate in Washington now is whether to spread this antigrowth model across the entire country.
Sunday, May 31, 2009
Saturday, March 14, 2009
I teach you what is best for you.
I direct you in the way you should go.
18 I wish you would pay attention to my commands.
If you did, peace would flow over you like a river.
Holiness would sweep over you like the waves of the ocean.
Saturday, February 28, 2009
As per Nicholas Carlson Silicon Valley Insider
- Gawker Properties -- $170 million.
- Huffington Post -- $90 million.
- The Drudge Report -- $48 million.
- Perez Hilton -- $32 million.
- Sugar, Inc -- $27 million.
- TechCrunch -- $25 million.
- MacRumors -- $21 million.
- SeekingAlpha -- $11 million.
- GigaOm -- $9.5 million.
- Politico -- $8.7 million.
- SmashingMagazine -- $7.7 million.
- SearchEngineLand -- $4.5 million.
- Boing Boing -- $3.6 million.
- ReadWriteWeb -- $3.4 million.
- SB Nation -- $2.7 million.
- Destructoid -- $2.5 million.
- Mashable -- $2.5 million.
- Alley Insider sites -- $2.25 million.
- /film -- $2.1 million.
- The Superficial Network -- $2 million
- Neatorama -- $1.5 million.
- Daily Kos -- $2 million.
- Talking Points Memo -- $1.2 million.
- VentureBeat -- $1 million.
- Wowowow.com -- $1 million.