Monthly Archives: April 2015

April 22, 2015 · 11:25 am

More Attention, Fewer Things

I’ve been away – did you miss me? My absence was, as I posted the other day, the annual golf trip during which I assess my tolerance for pain and suffering both on the golf course and off. I try very hard not to check email nor to dip my toe into the river of digital content from which I drink daily. Fortunately, I have a bunch of distractions provided by my buddies.  

Today I fully plugged in, having returned to work. Zipping through email was relatively easy – I had already answered the critical ones during the trip and now it was just a matter of newsletters and such. My RSS stream is another matter entirely. There are thousands of articles here and there is no way I can skim them all much less read them. In the process of doing so, however, I thought of something that might be useful to you all as well.

Not everything is critical.  Not everything is important.  Most of it can be ignored safely.  I’ve found that the really important information out there shows up in multiple places and it’s pretty easy to tell that you might want to  check something out when you see it on a second or third stream.    The word itself – “stream” is important.  We’re land animals – we don’t live in a stream.  Lots of experts are beginning to tell us only to check email a few times a day – times when we can afford to task switch and be fully present.

I like this from Oliver Burkeman:

The bigger point here isn’t really about email in particular; it’s about the ever greater “boundarylessness” of work. When anyone can be contacted at any time of day, in any location; when the costs in time and effort of sending a message to a colleague, client or underling dwindle to nothing; when we’re confronted by an effectively infinite amount of information we could consume, or tasks we could perform, if only time were infinite too …

I just deleted a thousand articles in a couple of my stream topics without even looking.  It was the equivalent of recycling unread, old magazines I know I’ll never read nor care if I miss.  All of us need to give more attention to fewer things and stop making ourselves crazy with nits.  Who’s with me?

 

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April 17, 2015 · 9:04 am

Cooking On The Road

Foodie Friday, Myrtle Beach edition.  I’m on the annual golf trip with my buddies (our 21st, thank you) and as you might expect I get to do a good chunk of the cooking while we’re here.  That’s not a complaint.  This area has a serious lack of high-quality restaurants and over the years our group has figured out that staying  in and spending the money on high quality ingredients trumps paying for mediocre food dining out.  I certainly don’t mind cooking.  There is lots of willing and competent help here and those who can’t cook are eager to clean up the mess.  Perfect!

There is one thing I have learned over the years that actually is a pretty good business thought too.  If you’ve ever been on vacation and tried to cook in the rental’s kitchen you know that you are facing a serious challenge.  I think the same company puts the identical dull knives, glass cutting board, and crappy pans into rental condos everywhere.  I don’t mind the mismatched dinnerware nor the 2 slice toaster (ever made toast for 12 in a 2 slicer?).  I do mind the ridiculous – and dangerous – other equipment.  What do we do?

We bring our own.  A couple of good knives, a full-sized rubber cutting board, some serious BBQ tools, a large pot and/or non-stick pan with a lid can make all the difference.  It also requires some smart meal planning choices.  You have to accept that you’re going to stick to basics that don’t require a lot of pans and hopefully very few steps.  Roasted large cuts of meat and better than individual steaks and braises are better than sautes.  You plan your product based on conditions as well as your ability to support it.  Which is the point.

Different conditions, a changed situation means you need to plan ahead, figure out the appropriate resources, and adjust your strategy.  Doing hat you’ve always done and which has satisfied your customers in the past might not have a chance in the situation you’re facing.  No one starves on this trip – we eat quite well, actually – but I don’t even think about making the stuff I’d prepare at home in my fully stocked kitchen.  I don’t try to make it all perfect; I do try to keep the boys fed and happy.  You can think about that the next time the marketplace puts you in a strange business kitchen.

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April 15, 2015 · 9:22 am

What Goes Up

One thing on which those of us in media could always count was the constant gradual increase of prices.  Oh sure, unit rates might drop as audiences came and went, but the underlying metric – the cost per thousand views (CPM) of a target audience – would almost always increase except in times of exceptional economic downturn.   When pricing the CPM of an in-demand target such as young adults, the increases could be pretty substantial. 

That truism may no longer hold.  Witness the start of this piece from the Media Daily News:

In what could be the first material sign that even network prime-time TV is not immune from the physical laws of a rapidly expanding media universe, the average cost of broadcast prime-time inventory has eroded for the first time since the recession. While the rollback is small — the average prime-time cost-per-thousand (CPM) of buying adults 18-49 on the broadcast networks fell 2.4% to $43.06 in 2014 — the fact that it declined at all during a non-recessionary period may signal that even the most premium advertising inventory has hit the wall on Madison Avenue.

It’s all the stuff you read about in economics class coming to pass, I guess.  Inventory is no longer a scarce commodity although one could argue that if we’re still approaching every impression as equal we haven’t learned much.  Cross-platform content may be triggering cross-platform buying, and the lower CPM’s from those newer platforms might just be a drag on the older ones.  The reality is that we’re moving from buying demographics to buying behaviors and so many of the old measures just aren’t applicable.  Men 25-54 can’t really be aligned with “people who visited a car dealer website in the last week” even though both can be purchased.  That said, the trend lines for all the CPM’s are headed downward which can’t be a good thing from any ad-supported business model.

I guess if you’re a buyer you don’t mind so much.  The problem is that over time much of the high quality bait (read that as content) for the audiences you seek may wither away, lacking adequate financial support from the inventory it generates.  The audiences will go elsewhere, of course, but maybe not to something that’s ad-friendly (or ad-supported).  Penny-wise and pound-foolish?

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