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sábado, 1 de diciembre de 2012

Shazam: Music's Magic 8 Ball

Remember the days when you liked a song and had to wait for the radio announcer to say the name or the artist? App's like Shazam and SoundHound figured out a way to "listen" to a short fragment of songs and identify them. Now, that action in itself it's not transcendental, only when you account for how many hits and tags have been made, can you actually trace some "statistics" and behavior. 

The Hollywood Reporter recently did an article on Shazam being a predictor for the nations hits. In the article it states that, "according to the company’s own data, 85 percent of songs that get to No. 1 on Shazam's tag charts go on to become bonafide smashes." But can we really trust the app as a predictor? The importance behind this is for music companies and artist to early identify how the success or fail of a song is going to be to be able to manage it on time. Whether they need to put more effort in marketing, what song to release next or even release an album earlier, these statistics matter.

The article points out that, “among the 2012 examples cited is Gotye’s “Somebody I Used to Know,” the top tagged song of the year in the U.S., U.K. and the world, with 14.9 million tags.” with Rihanna being the most tagged artist in the last 12 months. But, if you take a look at the Top 10 chart from Shazam you’ll see that most of the artists on the list are relatively new to mainstream media; such as: Goyte, Fun., Ellie Goulding, Alex Clare, and The Wanted (in that order). This tells me that we are just looking at the list of the unknown. After all, the app’s main function is to identify a song for you. People like Britney Spears or Nicki Minaj who have had chart topping hits the last 12 months are not on the list. 




Shazam’s list is definitely a great indicator, but for new artists. It is, after all, a multimillion user app that can depict trends among them. It is in fact an indicator and it does have the data to back it up. We just have to know what to do with and what questions to ask.


Resource:

  • THR Staff. (2012). Rihanna, Gotye, Fun. Among Shazam's Most Tagged Artists of 2012. The Hollywood Reporter. Retrieved from: http://www.hollywoodreporter.com/earshot/shazam-most-tagged-2012-rihanna-gotye-396587 

jueves, 29 de noviembre de 2012

Social Films: Wreck-It Ralph is Breaking Dawn over Skyfall

The holidays blockbusters are here! Whether it was Skyfall, Wreck-It Ralph, or Twilight: Breaking Dawn, one of these movies has been the topic of one of your conversations recently. Now, think about it...has social media ignited these conversations? Where you reminded about the movie by a friend’s tweet? Or were you more inclined to go see the movie from a status? When it comes to movie marketing, everything is fair game, and the industry has definitely embraced social media.

From building awareness, to creating full digital campaigns, the film industry is relying on social media to drive the word of mouth. With the viral nature and mass distribution potential for spreading the word, it gives consumers the chance to become a critic and influence others from their experience. Much like brands, movies try to engage the consumer in the hopes of having them go to the theatre. The difference is, a movie has very little time to do this compared to a product or service brand. What they do is capitalize on the buzz and traditional marketing to drive users to their pages, and create interesting and “shareable” content for them to utilize.

Skyfall, for example, did something brilliant in releasing the movie’s iconic song prior to it opening, thus having it go viral. The song went viral, mostly because it’s sung by Adele, but it still served the purpose of attracting users to search for more info on the movie. 



With Wreck-It Ralph, they actually went out and developed the whole game and made it available on the movie’s Facebook page. An instant classic, that people want to share. 

As far as Breaking Dawn, they understood what their audience wanted...pictures, lots and lots of pictures, and they delivered. 


So how do you get in on the action? There are some few simple steps for your film to embrace the craze:
  • Start by creating a Facebook fan page, as well as a Twitter account, complete with branding.
  • Be sure to include release dates, venues where it will be presented, trailers and teasers.
  • Tag cast members and/or influentials on your posts/tweets.
  • Link your accounts so updates are more manageable.
  • Create content targeted to your consumer, and also content that they will want to share with others.

Box office returns can be made or broken by Twitter and Facebook reviews. Peer reviews are main influencers when it comes to a great recommendation to see or skip a movie. An average box office opening weekend for a new film on the holidays usually has other competing new releases. How does your film stand out from the rest? By having people talk about it!

miércoles, 7 de noviembre de 2012

Is Your Business Plan Committed?

Talking about business plans and actually doing one are two totally different things. That’s something I’m learning now. Last time, I wrote about Chuck Blakeman and Steve Blank’s views on business plans. They have some very specific view and as experienced professionals and people who have done this several times, you kind of have to read what they have to say and take away key aspects to include in your own business plan. Let’s face it, these guys have done this time and again, might as well learn from the best.


As I mentioned in my earlier post, Chuck Blakeman does not believe in business plans, he thinks it’s “nonsense and fortune-telling, and they keep you from going out and trying to sell your product to see if you have something viable” (Blakeman, 2012). Now, why would I listen to this advice when I am in fact trying to write a business plan? Like I said, he’s got years of experience under his belt. He knows what investors look for and he proposes a “bare essentials” document. After all, him not believing in business plans does not mean investors don’t believe either. With that in mind he designed the “two page strategic plan”. This is, as the name says, a two page document that outlines the business’ commitment (objective, what you want to see as a result) and it’s movement (purposeful directions toward the goal, but not an activities list). His philosophy is that, just as life changes constantly so do plans, and it’s not worth it to spend all this time and effort into something that is going to change from the moment you start writing it.

“As you move with absolute commitment in a clear direction toward the objective – that commitment and that movement will work together to make your so-so plan into a world class one.” (Blakeman, 2010) He says that’s the only two thing you need, commitment and movement, not a 30 page document. You may be asking yourself if I’m considering not writing a business plan at all, well don’t be alarmed, that’s not the case. Blakeman came to this conclusion after he did countless business plans himself, and even though I said we need to learn from others experiences, this is my first business plan after all. It’s like using a calculator before learning how to do equations by yourself, you still need to go through the process to better understand things later on.

Nevertheless, I do plan to include some points Blakeman brings up, a narrow commitment and a straight to the point approach. I believe that Blakeman has learned over the years that investors are not really interested in a lot of “fluff” on business plans, they want to know what do you want do and how you plan to do it. Implementing this kind of thinking throughout my business plans can make it a concise and precise document that’s quick read with relevant information. This means that one of the most important components of my business plans is going to be the Executive Summary. Often times we make decisions on a first impression basis. This section is the chance to include Blakeman’s commitment and movement in such a compelling way that investors make their decision on this segment alone. “You’ll make more money in less time by committed movement than you will by sitting around trying to figure out what might go wrong.”(Blakeman, 2010)


Resource: 


viernes, 26 de octubre de 2012

What's your take on business plans?

When it comes to business plans, everyone has an opinion. There are books, templates, seminars, courses, and many other resources on the subject. With all those sources out there, who do you trust? What plan or template is the best for your business?
In this post we are going to look at two juxtaposition on the subject of business planning from, founder and owner of The Crankest Group, Chuck Blakeman, and seasoned entrepreneur and Harvard recognized “Master of Innovation”, Steve Blank. While Blakeman believes that a business plan is just a waste of time, Blank believes in a business model, rather than a business plan. 


Chuck Blakeman has done it all, when it comes to business. He started and built seven successful businesses in 25 years both in the U.S. and internationally, as stated in his biography, and he currently focuses on his company, The Crankest Group. During his career Blakeman has worked with top companies, such as Microsoft and Apple; has been asked to be a conventional speaker and magazine contributor; has published a #1 Business Book of the Year; and has done appearances at Harvard Business Journal, CNNMoney.com, NYTimes.com, among others. Chuck Blakeman definitely know a thing or two about business. 


When it comes to business plans Blakeman has a unique approach to them, he doesn’t believe in them. He believes that spending time to draw out possible outcomes and making plans to seem that you know what you’re doing. To him its just a waste of valuable time you could be spending actually doing business. When starting a business, Blakeman recommends to first take your product and service to market on high price and go from there. According to Blakeman, developing a business plan is “nonsense and fortune-telling, and they keep you from going out and trying to sell your product to see if you have something viable” (Blakeman, 2012). He suggests to do a two page strategic plan, which is a quick reference document that details the objective (which does not change), and  movements (directions toward objective, which can change along the way). “A simple 2-page Strategic Plan is set up to change, adapt, and be clarified every one to three months” (Blakeman, 2010).  


Then we have Steve Blank, who also has a lot to say (and teach) about starting a business. During his career, Blank, managed to startup eight technology companies at Silicon Valley including his own company E.piphany, published three books, and currently working as a professor at Columbia Business School. His latest book, “The Startup Owners Manual” integrates 10 years of new knowledge and experience in the field. 


His view on business plans is that they do not serve a useful purpose. As he stated, “a business plan is the execution document that large companies write when planning product-line extensions where customer, market and product features are known” (Blank, 2010), which wouldn’t work for a startup business because they are only speculating, and they have no knowns. He proposes a business model instead. “A business model describes how your company creates, delivers and captures value” (Blank, 2010). His theory is focused on the customer opposed to the market. It’s based on a constant evaluation of the company performance rather than following the initial drafted plan. He proposes a dynamic model that you can change, instead of a static plan that is usually left as is. 


While both approaches may seem different, they both concur that a business plan does not take into account the changing nature of businesses. Nevertheless, Blakeman and Blank, both agree that a business plan is a great tool to define a financial model, establish a path, and calm investors in general. In the end, the most helpful tool for a business is to develop a business plan. That way business owners have an outline to follow and present to investors, but that doesn’t mean its written on stone and it can’t be changed. As a business owner launches a company, he/she can learn as they go and adapt their proposed plan. After all, business plans serve as a safety blanket for the unknown; but business owners have to be open to new ideas and development, and different icons. 





“Unless you have tested the assumptions in your business model first, outside the building, your business plan is just creative writing.” (Blank, 2010)


Resources:



sábado, 29 de septiembre de 2012

Social Media for Startups: Checklist


We all know that starting a business can be rather difficult, especially in the finance department, so we want to make the most out of every tool available to help build our businesses. With that being said, the best tools available to help build a business are social media accounts. The most important rule of advertising is to be where your audience is. Now, it’s not as simple as creating a Facebook Page and start posting about your products or services, it takes a bit more thought into it. So, with the purpose of helping out startups, here’s a quick checklist to help you get started with some powerful tools like: Facebook, Twitter and YouTube.

YouTube
While your business may sell products or services. The video sharing website can be of great use to create promo videos or even educational ones.

One Direction's VEVO channel, it's five british Justin Bieber's...it was only fitting a channel was created for their millions of adoring fans.

Jenna Marbles, one of the most successful blogger/comedian/entertainer on YouTube. 





__Be sure to create a channel under your business’ name.
__Create content continuously. Once a week is manageable.
__Be sure to include video blogs where you talk about your company, present the team, do a tour of the office, and even do professional interviews with peers.
__Be active on the community and comment/subscribe to peers and/or potential clients.
__Promote your work, put up presentations, record consumer reviews, be creative! Just remember that videos should be 3 minutes long at maximum.
__Need more views on your videos? Try promoting them, with Google Adwords for videos.
__Show others that you’re an expert on the field! Try doing some “how-to” videos. They can become an asset for students and peers alike.
__Repeat with me: tags are my friends. Tags on YouTube work like SEO. Include key words on the video, and also synonyms and related words.
__Utilize YouTube’s Free Analytics Tools. They’re there for a reason, and they can help you better attract audience and keep track of the existing one. You can also analyze which videos were more successful and figure out a way to keep the momentum.


Twitter
You get 140 characters to engage. Twitter is the social media to get known and attract...followers. Mind you, your brand has to have personality and always be on top of things.

Taco Bell, it has really made a point of being the best 'engagers' and having a specifically funny brand personality.


Samsung Mobile, with over 260,000 followers it's the highest a product twitter page has.  


__You can either use your twitter for professional purposes or create an account under the business’ name. Be sure to not mix up personal and brand messages if you decide to do either one.
__Upload a cover picture. It has that option now.
__Retweets (RT) are a good way to attract attention, and also let everybody know a good review from a customer.
__Hashtags (#) are your friend! You can start trending topics or join the conversation. Be sure to be up to date with current events and see what can your brand say about it.
__Create your own short URL using https://bitly.com/ It adds branding to your tweet and engages followers.
__Promoted Accounts can get you new followers and build an audience.
__When looking to expand your message to new followers you can use Promoted Tweets, and help spread the word. It can even get you new followers.
__Always be professional in your messaging, and have a plan.
__Be active! Reply to messages and be engaged with your followers.

Facebook
We all know having a Fan Page on FB is essential nowadays. Some startup businesses even use their Fan Page as their main website. Facebook has over 700,000 active users to over 12.8 million registered, so there’s a chance to reach a lot of them. Only thing is, you need to have some basics down.

Gracias Mami PR is a local Fan Page that managed to gain more than 10,000 followers in two years by creating contests.

The Voice (TV Show) has a made good use of their Fan Page by creating shareable content. 




__Be sure to include contact information. Link to website (if any), to other social media accounts, phone number, address, and e-mail.
__Develop a profile and cover picture that represents your brand, or accordingly with your current marketing campaign. Don’t include offers or prices in either of them.
__Fill out all the information and tabs available. Include your company’s mission and services, also include any policy it may have for community management.
__Create a landing page for your visitors, and encourage them to like it. You can use FBML Static it’s easy and free.
__Post regularly, but be sure not to spam. Remember brand personality. If feasible, create a content calendar including supporting media of each post (remember to reference current events to spark conversations).
__Consider placing FB ads to drive traffic to the page, or announce a special offer. They’re cost effective and you can start and stop whenever you want.
__Keep the communication open. Create conversations, but don’t try to control them. If you have a negative comment, do not remove it. This causes fans to think it’s not a safe place to talk, it is an opportunity to address the issue publicly and counsel the fan.


Always remember that by creating a space in all these websites does not make you able to control the conversations that happen there. You can, however, participate in them. when utilizing these mediums remember that people do not want to be sold, that’s what regular advertising is for. These spaces are about the fans/viewers/followers. They do however want to know about the brand, otherwise they wouldn’t follow it. That’s why it’s so important to have a brand personality established, people want to interact with the brand.

If you decide to open multiple accounts remember that they all must follow the same strategy and have the same brand personality in all their messaging. It’s also recommended to cross promote the pages between them. Be sure to create content that’s shareable, and if you’re thinking of opening multiple accounts at the same time, I would suggest a contest. Contests and giveaways are the best way to attract customers and keep them engaged.


References:

  • Evans, M. (2009). 34 Ways to Use Youtube for Business. Gigaom. Retreived from: http://gigaom.com/2009/07/28/34-ways-to-use-youtube-for-business/
  • Preston, J. (2009). Twitter Essentials. Slideshare. Retreived from: http://www.slideshare.net/jasonp107/twitter-essentials
  • Crossley, M. (2010). 10 Essentials for a Rocking Business Facebook Fan Page. Studio1c. Retreived from: http://www.studio1c.com/seo-and-internet-marketing/378-10-essentials-for-a-rockin-business-facebook-fan-or-group-page.html

domingo, 16 de septiembre de 2012

Music’s New Stage: The App




With an ever-changing industry like music, sometimes you have to foresee some trends in order to maximize your business. As more and more businesses move towards a digital format, the music industry is now moving from digital to mobile, and back.

Thing is, the music industry operates differently from others, and while the fashion or manufacturing industries may be tapping into the digital era, the music industry was forced into it since home computers were invented and more so with the Internet. But now, it’s all about mobile, and although music has not been pushed there, it has found it can do wonders for the business.

To start off the greatest thing about mobile is that it’s a direct connection with consumers. It would seem that every company has a mobile application, or “app”, these days, and now so do bands and artists.

It’s a way for them to interact with fans and have them watch behind-the-scenes videos, buy music, chat with each other, and post any content knowing it will immediately be sent to their mobile devices.

The key to attract fans into downloading you band’s app is to offer something they couldn’t get on the web. Whether it be concert ticket giveaways or exclusive content, consumers need to have a legitimate reason to download an app, otherwise they’re not going t be engaged.

The app should also dedicate a section to music purchasing. Even if it redirects to iTunes Store, you want to give them the option to purchase the music easily. After all, it is a business.

Mobile is definitely a trending topic among businesses and it offers a great deal of opportunities for the music business. For an industry that often times is behind the trends or pushed into them, mobile is a trend where the music industry can take control of and capitalize on the opportunity at hand.

Resources:

miércoles, 12 de septiembre de 2012

A Quick Guide to Producing a Musical


It’s no secret I have a passion for theatre, and especially musical theatre. It’s really the ultimate platform for a performer producer or director to excel in every aspect. You’re not only dealing with the acting of a play, you’re dealing with vocals, orchestra and band, set changes, scene direction, etc. It really does require the best possible team to put on a great show. But, before the curtains go up, there is much planning to be done in order to produce a musical. I decided to make a “quick guide” or checklist to help those starting out in musical production.

Step 1: Choose the musical
The first thing you have to do is choosing what musical you want to produce or if you want to put on and original piece. Either way you have to take some general considerations when choosing what will be showing.
  • Audience: Think about the public you want to reach, what type of musical would they be most likely go to see.
  • Venue: Consider the theatre you want to produce in, their technical capabilities, the sound, the technicians available, and even the prestige of the venue. 
  • Budget: Most musicals will vary greatly in costs depending on (mainly), size of the cast, set design requirements, and size of orchestra  (or band). Be aware of the seating capacity of the theatre and your ability to contact sponsors. 

Step 2: Choose your team
As a producer you must choose the initial production team. There are six important roles you must fill: Stage Manager, Director, Vocal Director, Music Director, Choreographer, and Set Designer. More than a team this will be a support system of sorts. One thing you need to remember is that creative decisions taken by one, affects the work of another. For example, if the Set Designer decides to add a step to the stairs, the Choreographer needs to adjust; the Stage Manager must make sure the lighting is correct, etc. Strive to maintain a positive work environment, and be aware of industry gossip (some of these people have already worked together). Last, but certainly not least, sponsors! The more the merrier and be sure to build relationships with each and everyone. Draft a proposal as soon as you can, and start distributing as soon as you finish Step 3.

Step 3: License the work
To produce and perform a musical on stage, you must obtain a dramatic performance license. If the title is available, a dramatic licensing agency, such as MTI, will sell a license to perform the musical in exchange for royalty fees (per performance), and a rental fee (for copies of the score, script and libretto). These agencies are very strict. I advise to red the agreement carefully and comply with every step, to ensure a good relationship for the future.  

Step 4: Cast the show
This step is a team process. You’ll mainly need the Choreographer, Vocal Director, and Director to cast the show. Whether closed or open call, there are different tasks to be made to ensure attendance to the casting.
  • Find a big space with the needed equipment.
  • Set up a communications plan to make the call, and specify what you’re looking for.
  • Prepare a form for participants to fill out when they get there.
  • Coordinate a cycle system in which participants go from acting, to singing, to dancing (which ever order you choose).
  • Don’t make hasty decisions and only give constructive criticism.

From personal experience I would advice to have a small interview before going into the cycle. This helps you get a sense of whom the participants are and it also calms them before they perform. Also, evaluate your options along with your team and announce to the participants when you will be contacting them if they are chosen. It’s common courtesy in Puerto Rico to send out a thank you letter or email, to the participants that were not selected, for attending the audition.

Step 5: Market and promote
Just as you would a new product, marketing a musical needs to have all the components of a traditional marketing plan. As Randall Ringer says, “A general rule of thumb on Broadway is that only 30% of shows actually make back their original investment.” So there’s a lot of pressure on marketing and selling the show. What you want to do is hire a Public Relations firm and have them work the communications plan. Why a PR firm and not an Ad Agency? Because PR is what’s going to drive ‘buzz’ around the production and that’s key to building a fan base. You’ll definitely need to place some ads in trade magazines, newspaper, and maybe even a billboard or two, but shows mostly sell on ‘buzz’ and hype created on the web. Be sure to have a photography session with the cast and also during previews so you can later use for the ads, to send to media, and basically build a word of mouth. From experience I can say, that the week before opening night is crucial to selling the bulk of the show, so plan your communication accordingly. Remember to always target your communication! You want the message to get to the right people, the ones who’ll come to the show.

Step 6: Raise the curtain!
If you’re thinking the work is over on opening night, think again. This is theatre! Be prepared to deal with technical difficulties, in-show mishaps, staffing dilemmas, and box office nightmares. It’s going to be very difficult, there are going to be long days and sleepless nights, but it’s worth it. You’ll love every second of it, and once it’s done you’re going to want to do it all over again.

I hope this quick guide gives you a some sort of direction on producing musical theatre, and although I’m not an expert I’m available to offer advice if you have some doubts. Break a leg!

Resources:
Ringer, R. (2011). Marketing the Broadway Musical. Narrative Branding. Retrieved from: http://narrativebranding.wordpress.com/2011/04/26/marketing-the-broadway-musical-or-the-people-in-the-picture-on-broadway/

http://www.wikihow.com/Hold-an-Audition