Jun 20 2008

A $500 cable

Tag: BusinessKevin Hail @ 3:53 pm

This just seems too good to be true, but it isn’t.  I came across some buzz on the internet about the audio manufacturer, Denon, and their attempt to sell a 4 foot long ethernet cable for…(drumroll)…$499.  I didn’t say $4.99, I said $500.  Can you believe that????

For the uninformed, an ethernet cable should cost about a buck and there is NO difference between the cheap ones and the good ones.  Denon sells very high end A/V receivers, DVD player, etc.  So they are putting an order together for the man who must have the finest picture quality and audio experience, and of course he must have no signal degradation.  “Sir, we recommend our Ultra Premium Link Cable to ensure the highest possible audio/visual experience.  Yes, it is $499..sir, we feel…sir, if you’ll let me finish…why, I never!”

Why not tell them it’s forged in the fires of Mt. Doom and charge $5,000.  At a certain point, you’ve got to do what’s right. That cable costs them 50 cents to make, if that. Shame on you Denon!

Denon USA | AK-DL1

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Jun 05 2008

A job you don’t like

Tag: Business, General InterestKevin Hail @ 4:33 pm

Have you ever had a job you just hate?  Haven’t we all?  Most of the jobs in the first part of my career made me feel like a rat in a cage.  I remember the feeling of looking into my future and feeling that I would never get to where I wanted to go.  Didn’t matter that I didn’t know what I wanted at the time, just the nagging feeling that I wasn’t on the right track.  Everyone pays their dues if they’re going to go on to something successful.

The worst job I ever had (besides Red Lobster) was when I was in college and I worked in a golf merchandise kiosk in the middle of the Lubbock mall.  The problem was that my boss was an alcoholic, ex-pro golfer who was living off a dwindling trust fund.  So he was a strange cocktail of a man: part laid-back, part desperate, and definitely on the rocks.  As far as I know, I was his only employee and I don’t remember making one sale in the first week I was there.  Nobody wanted to buy golf ball corkscrews at 1p in the middle of the mall on a Thursday.  During the 3 weeks I worked there, I watched him deteriorate, quite like Nicholas Cage in the movie, “Leaving Las Vegas”.  I got paid minimum wage and just barely that.  The worst part of the job besides the sheer boredom was that he would lurk around the corners to see if I was jumping on potential customers that walked by.  He scared the bejeebers out of me and seemed to get a lot of joy out of sneaking up on me.

What’s the worst job you’ve ever had?  I love the ad below, been there…


Toxel.com » 14 Creative Advertisements Part 2

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May 30 2008

What is your creed?

Tag: Business, General InterestKevin Hail @ 10:26 am

I was reading from a fantastic book this morning called “The Essential John Wooden.”. John Wooden at a ceremony on his 96th birthday

You may not have heard of him but he is considered the greatest college basketball coach in history, if not just coach in any sport. Aside from winning, Coach Wooden is known for having been a shaper of young men. His teams almost always won, but they often lacked superstars. Coach Wooden taught his players to be better men than players and that the team was more important than any one man. He considered them a success if they played as a team and had character. His players said, he would often get more mad at them when they won than when they lost, because maybe they won in a selfish or non-Wooden like way.

So to what does Coach Wooden attribute his success? The basis for his beliefs on what a person should be is a 7 Point Creed that his father taught him:

  1. Be true to yourself.
  2. Make each day your masterpiece.
  3. Help others.
  4. Drink deeply from good books, especially the Bible.
  5. Make friendship a fine art.
  6. Build a shelter against a rainy day.
  7. Pray for guidance and give thanks for your blessings every day.

Do these things above and you’ll be successful in life, career, relationships, and finance. This is wisdom that anyone can relate to. I might add to the list, some things that I TRY to live by:

  • Pursue a career that you enjoy.
  • God first, wife second, kids third, job fourth, everyone else next.
  • Live below your means; always tithe, always save.
  • Practice generosity, daily
  • Give people benefit of the doubt
  • Be dependable/trustworthy
  • Don’t lie, cheat, or steal
  • Never present problems without solutions (i.e. gripe)
  • Be just and fair, and protect those that are being unjustly accused or attacked.

There are so many more things that I could write down that I try to live my life by. When I drift on any of these, I’m always aware back deep in my subconscious that something “ain’t right”, as my Business Law professor used to say. What kind of creed do you live your life by? Are there any points on these lists that you disagree with or things that I’ve left off? Let me know!

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May 27 2008

Magically Delicious

Tag: Business, Marketing, PhotographyKevin Hail @ 4:17 pm

Branding in this day and age is quite difficult. You can see the evolution of media dating back to the days when families would gather around the family radio and listen to their shows. Often there were only one or more stations to choose from. Then came tv, still you had only a handful of stations, but now you had tv and radio. The original sponsors of tv and radio got the deluxe commercial pitch. They unabashedly promoted the sponsor and people bought into it. As the choices increased and the show sponsorship was fractioned, it became an issue of buying massive amounts of air time and print for a couple to successfully launch an d sustain a brand.

Then, the internet enters the picture. By this point in society, we are so bombarded with messages and choices, we are not allowed the luxury of having a brand emblazoned into our subconscious unless it is in every form of media and cleverly done. We have to be handed units of software for free and treated like we’re greek gods or we won’t acknowledge a company’s existence. The age of the consumer has arrived.

It’s two different worlds: simplified, but monopolized corporations or chaotic, overwhelming array of small/medium size businesses and large companies split into smaller brands. Both have their pros and cons, but like everything in life, I’m sure a balance is probably the best. Here’s a blog entry from Seth Godin talking about this subject…

From Seth Grodin’s Blog:

Magically delicious

I was talking to a teenager this weekend about the attributes of Lucky Charms. It had never occurred to her that they were magically delicious. In fact, they’re a lot like most breakfast cereals, except for the marshmallows.

Some marketers are still relying on the idea that they can drill a catch phrase or benefit or USP or differentiation into our heads through ceaseless ads. It sure worked on me.

Is this the core strategy behind the growth of your business?

Not sure it’s going to work any more.


May 25 2008

Contentment: What does it mean to you?

Tag: Business, ProductivityKevin Hail @ 12:51 pm

I came across this great quote the other day:

Most presentations aren’t better for being longer, most conference calls aren’t better for being extended, most meetings aren’t more productive because you spent more time in the room. It’s just that in this age of super-sizing everything from hamburgers to automobiles, we’ve become addicted to the idea that more is better. I am here to ask you to join my revolution, to tattoo on your brain, if not your backside, that “More isn’t better. Better is better.”

—Frances Cole Jones,
How to Wow: Proven Strategies for Presenting Your Ideas, Persuading Your Audience, and Perfecting Your Image

It’s true, isn’t it? Our whole tendency as a society is to grow, conquer, be bigger and better. I find that I’m always approaching any system or ideal with the thought, “how can I improve this?” That’s not a bad thing if you are trying to make it better, but I think that I fall into the trap of throwing bodies at it. Can we learn to separate better from bigger? And at the heart of it all, can I learn to be content. That is a powerful word. It has gained such a negative connotation in our competitive, business world but the bible says that it is a virtue of a person at peace. Changing for the sake of changing is, at it’s core, a sign of restlessness. So I challenge us all to learn to practice contentment, parallel to our quest for betterment.

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May 23 2008

You think you work hard?

Tag: BusinessKevin Hail @ 1:39 pm

Check out this article from Forbes.com to see where the US rank on hours worked per year compared to other industrialized countries of the world. 

ALT

Here’s a snippet from the article. Poor guy…

If you thought you worked long hours, consider 39-year-old Lee from South Korea. A civil servant at the ministry of agriculture and fisheries, Lee gets up at 5:30 a.m. every day, gets dressed and makes a two-hour commute into Seoul to start work at 8:30 a.m. After sitting at a computer for most of the day, Lee typically gets out the door at 9 p.m., or even later.

By the time he gets home, it’s just a matter of jumping in the shower and collapsing into bed, before starting the whole routine all over again, about four hours later. This happens six days a week, and throughout almost all of the year, as Lee gets just three days of vacation.

That’s right. Three days.

In Pictures: The World’s Hardest-Working Countries

And did we mention Lee has a wife and three teenage kids? “I get to see them for 10 or 15 minutes a week, and then just on the weekend,” he says of his children before adding that, on weekends, he usually gets interrupted to go to the office.

Lee, who sometimes has to sleep at the ministry of agriculture and fisheries by lying on top of his desk, might seem like a workaholic that needs to get his priorities straight. But his schedule is completely normal in South Korea, where the average employee works 2,357 hours per year–that’s six-and-a-half hours for every single day of their life. According to a 2008 ranking by the Organization for Economic Co-operation and Development, South Koreans work the longest hours per year, on average, out of every other OECD member.

“It’s the culture,” says Lee. “We always watch what the senior boss thinks of our behavior. So it’s very difficult to finish at a fixed time.” Leaving at the official time of 6 p.m. could mean not getting a promotion or raise. What would happen if Lee took a month’s vacation? “My desk would surely be gone when I got back.”

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May 22 2008

Budget Hero

Tag: BusinessKevin Hail @ 4:35 pm

There’s a great online game where you are tasked with balancing the US budget.  For you fellow Economics majors, you might find this interesting.

Check it out…

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May 22 2008

Ladies: There’s gottta be a better way

Tag: BusinessKevin Hail @ 4:02 pm

My friend Cameron Gawley was telling me about a big tv special on tonight on “The Big Idea” with Donny Deutsch.  If you’ve ever had a great idea and wanted to take it from a concept to an actual business, then you may want to watch this tonight.  Sort of a how-to manual featuring several successful female entrepreneurs, including the lady who founded Sassybax.

It’s on at 9c on CNBC.

A Big Idea Event: There’s Gotta Be A Better Way! - CNBC.com

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May 21 2008

I think I’ll make a table today…

Tag: BusinessKevin Hail @ 9:07 am

Wired magazine recently published an article about emerging tech trends.  One of the sections was on the “Rise of the Instapreneur.”  In the past, if you thought of a cool idea for a business product that required manufacturing, it never really left the idea phase, because honestly, who among us has the energy to build a relationship with a manufacturing plant in China.  And then there’s the whole startup cost issue. 

Now, we have entered the age of the instapreneur, where…If you think it, you can have it built, cheap and quick.  Take a look at the article below and then pay close attention to the links to the sites.

Manufacture and Sell Anything — in Minutes

Jeffrey Wegesin is a furniture maker. His most popular creation is a curvaceous side table, and even though he has sold only two copies of it, he has already turned a profit. He did it without so much as setting foot in a wood shop. And he is not alone. Wegesin is one of 5,000 merchants who have established accounts with Ponoko, a year-old on-demand manufacturing service in New Zealand. Designers upload their blueprints to Ponoko’s servers; when a customer places an order, Ponoko’s laser cutters automatically trim wood and plastic to create the product on the spot. Wegesin, a Web designer, sells the tables through the site for $250, not including shipping. He then pays Ponoko $124 for each table to cover the cost of materials and cutting fees. The $252 he’s brought in so far may not be much, but because he incurred no up-front costs it comes as pure profit.

Welcome to the age of the instapreneur. With nothing more than a design, amateurs can manufacture jewelry, robots, T-shirts, furniture — anything. No warehouses. No minimum orders. And no money down. The digital economy isn’t just digital; the same market forces that allowed midlist musicians to make a living distributing their songs online now give amateur clothiers the chance to sell their wares without having to persuade Barney’s buyers to carry them.

Thousands are launching instant businesses. Zazzle, of Redwood City, California, offers a dizzying array of user-designed products from posters to tennis shoes. StyleShake, a custom-clothing site in London, received 25,000 dress designs in its first three months. Spreadshirt, founded in Leipzig, Germany, hosts 500,000 individual T-shirt shops. “These companies significantly lower the threshold for someone to bring anything to market,” says Neil Gershenfeld, director of MIT’s Center for Bits and Atoms. “There’s an industrial-age bias that you need volume to support a factory; but with this, much-more-creative low-volume businesses become viable.”

These are not just CaféPress-style in-jokes — T-shirts and mugs meant to appeal to a small circle of friends. According to Spreadshirt CEO Jana Eggers, her site saw a 30 percent increase last year in the number of North American shop partners that sold more than 1,000 shirts annually. Even CaféPress has become a bona fide business platform. Jim Gamble, a Bay Area entrepreneur, uses the site to sell 50,000 of his T-shirts and bumper stickers — all emblazoned with conservative political slogans — every year, giving him an income “well into the six figures,” he says.

Large brands are starting to see the appeal of manufacturing-as-a-service, too. Lexus recently used Blurb, an on-demand publisher, to print 1,800 copies of a book promoting the automaker’s green practices. Franchises from Dilbert to the Discovery Channel sell licensed merchandise on CaféPress. Disney has uploaded more than 3,500 of its designs to Zazzle, allowing the company to sell a wider range of products than just the blockbuster Mickey Mouse T-shirts favored by conventional retailers. The service also gives the Disney machine unprecedented agility. “Here, I can see that Hannah Montana is taking off, we can upload a design right into Zazzle’s system, and in a day or two it’s a product,” says Patrick Haley, senior manager of customization for DisneyShopping.com.

As everyone gains the ability to create and sell anything, the long tail will apply to making things as well as to selling them. Amazon.com may be able to offer near-infinite inventory, but only as long as the products exist. On-demand manufacturing could eliminate that constraint, leading to a world where products are always available, nothing ever gets discontinued, and the virtual shelves are always stocked.


May 19 2008

Chris Brogan article - Making a better blog design

Tag: Business, WebKevin Hail @ 11:24 am

FYI, if you’re a blogger follow this link…

Make Your Blog Design Work For You



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