Business Plan Series: Part 5 – Competitive Landscape

Last time in Part 4, we discussed how to present your products and services. It was important to follow up the problems with your solution but in this part, Part 5, we will attack the competition – the competitive landscape.
This section covers how you are differentiating yourself by describing the competition and why you will stand out from them and beat them in the long run.

There are a few key sections of the competitive landscape in a business plan.

The first is Competitive Analysis Summary. The point of this section is to give some one reading this without diving into the details the top points and reasons that your company is different and beats the competition. Hopefully, this section will be compelling and interesting enough that people will read into it more. Most likely, people will not read to deep into the competition but it is there for review when necessary and is an exercise you must complete.

The second is Competitive Analysis Matrix. This can be done in table format with the main competitive areas and companies on different axis. Many times people will spin the diagram so your company has all the boxes checked. Don’t do this. Be honest and recognize the 800lb gorilla. Don’t fear them, understand how to beat them.

Once you are done the summary you must go into more details regarding competitive advantages and competitive disadvantages. Hopefully, the advantages will out weigh the disadvantages.

Competitive Advantages
are the ways that you stand out from the competition. Examples could be the following:

  • Integrated Payment Processing for Credit Cards and Checks/Wire Transfers
  • Streamlined marketing systems that integrates popular third party data
  • High performance reporting and business intelligence analysis capabilities
  • Ability to market in real time
  • Providing a branded and personalized portal interface for X
  • Building a patented technology to be licensed and integrated with major technology platforms and portals
  • Flexible foundation technology designed to expand into other types of alternative services
  • Providing an outsourced call center to assist companies with customer service requests and after hours client management
  • Ability to leap frog our competitors who have designed their systems on an outdated business model

Competitive Disadvantages are the threats and adversity you must overcome from the competition. Examples could be the following:

  • Segment is extremely fragmented making any type of scale difficult
  • Our market penetration is shallow at this point
  • Our track record and reputation in the industry is unknown
  • Product Development in proof of concept phase behind one competitor
  • Larger competitors could invest lots of money to compete very quickly

Last on in this section is the best way to wrap it up. This are the Barriers to Entry that will make you a real threat to the competition. Examples could be the following:

  • Low cost offering of superior technology to lock in a provider network
  • Patentable technologies for license to other providers
  • Personnel with deep industry knowledge and extensive contacts
  • Current customer inertia from our current network
  • Existing relationships with vendors and providers
  • Deep network of partners and managers

NEXT TIME: MARKETING AND SALES STRATEGY- After you have explained how competitive your products and services are you will need to discuss how you will market and outsell the competition. Since both are so involved, we will separate them into two parts to focus and cover the material the right way.

PR Roundtable Discussion: Industry Advice

I hope you’ve been enjoying the past week of discussion. Links to all the questions and responses by the participants will be linked from the bottom of each entry. This is the final question that the panelists answered. Thanks you again to Marc Orchant at Blognation USA, Cathryn Hrudika from Creative Sage, Marshall Kirkpatrick, Doug Haslam of Topaz Partners and Brian Solis for taking the time and really delivering this stuff on very short notice. You guys, rock.

So here we go. The final question on this Friday.

What advice would you give to your own industry in engaging the other side?

Brian SolisBrian Solis: Chris Anderson summarized it best, “I only want two kinds of email: those from people I know, and those from people who have taken the time to find out what I’m interested in and composed a note meant to appeal to that.”

What’s it going to take for PR to reflect that sentiment and honest plea for relevance? It should be common sense. But it’s not. Common sense is all too uncommon in almost everything we do these days.

So to help PR “pros” stop pissing-off bloggers and reporters and start building meaningful relationships with them, here is a list of things to live by:

  1. Remember this is about people
  2. What do you stand for? Answer that first before you try to convince people that are busier than you why they should take time to stop what they’re doing to pay you any attention.
  3. It’s more than doing your homework. To some doing homework is building lists. Figure out what your are representing and why it matters. How does it compare to other things. What do people need? What are their pains?
  4. Practice saying it aloud in one-to-two minutes or less to a friend or in front of a mirror. Seriously. It works. If you don’t get it no one else will.
  5. Less is more. Find the right people, not just because you read their profile in a database, but because you read their work and understand their perspective.
  6. Engage in conversations outside of when you need something.
  7. Build relationships not lists.
  8. Humanize the process and remember that this is about people
  9. Stop whining and making excuses. You are responsible for your actions so arm yourself with what you need to be successful.
  10. Stop sending press releases without summarizing what the news is and why it is IMPORTANT to the individual person you’re sending it to.
  11. Remember the reputation and the future of PR is on you. If you’re not in this to do your job better, then ask yourself why you’re here. If you’re not part of the solution, then you’re part of the problem.

Marshall KirkpatrickMarshall Kirkpatrick: Let people know how you’d like to communicate but also, get over yourself, roll with the punches and deal with standard operating procedure. The good PR agents will do a good job and the rest will always be there. Ultimately, I’ll happily write about a great product that came in with an awful pitch and I turn down the opportunity to cover crappy products that come in via great pitches all the time.

Marc OrchantMarc Orchant: I work both sides of the fence so I guess my advice would be to both side to do the following: be respectful, clear, and consistent.

On the PR side ““ know who you’re pitching and don’t waste the blogger’s time with pitches that are way off topic. Deliver a well- crafted pitch, supported by as much relevant information as you can assemble. When I get a pitch that contains a logo, screenshot, “money quote”. and sufficient background on the company or product, I have everything I need to begin thinking about what my coverage will look like. If I have to go fishing for this information, the odds are I won’t.

On the blogger side ““ invest the time in educating a PR contact abut who you are and what cover. This information should be on your blog. If it’s not, assuming that every PR rep has read the last month’s posts (or more) and intimately understands your topical focus and opinions is wishful thinking. There are simply too many blogs out there and he tools that do exist for researching the medium are less than great. So make it easy for the people pitching you to do so effectively. And when they miss the target, try first to course correct before blowing them off – especially when dealing with agency folks. You may not be interested int he client they’re representing today but who knows about tomorrow?

Doug HaslamDoug Haslam: From the PR side, the first thing I would say is: “it;s not the other side.” Of course, this applies to all media. I approach PR as on the one hand helping our clients get attention, but on the other hand helping proifessional communicators get good stories. Stop worrying about “closing the deal” and start worrying about helping media present stories that will engage, educate or entertain their audiences.

Cathryn HrudikaCathryn Hrudika: Re: PR Roundtable-My answer to Question #5Inbox
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Question #5: What advice would you give to your own industry in engaging the other side?

Cathryn Hrudicka: First, I would advise other PR professionals and initially resistant clients to get over their fears and misconceptions and learn all they can about blogging, podcasting, vblogging, and relatively new mobile apps, like Utterz. Next, they should do some creative thinking about how they could use these resources to have a real conversation, build community, brand themselves and share their messages. I would encourage them to start their own blogs and other channels for their own content. Next, they should learn about the key bloggers, podcasters and other content providers they might approach who would be interested in their story or news. They should learn about these journalists’individual beats, preferences, styles, and approach each one accordingly.

I would advise other colleagues and clients to learn about the key social networks, like Twitter, Facebook, etc., and strategically create profiles on the ones most relevant to their audiences and their messages. Then they should observe how people converse with each other on each network, and figure out how to enter the conversation. Instead of simply learning new ways of “pitching,” or simply making promotional announcements, it’s really all about the conversation and the innovative ways of interacting that are possible now.

Indeed, they should keep up with the newer, constantly evolving ways of writing “social media press releases” and developing an online media room-but first, it’s how each blogger and content provider wants to be approached. We have to continue this dialog between PR professionals and content providers, because the technology, social networks, channels and protocols will continue to evolve at an ever-increasing rate. As mentioned in previous blog posts, the practitioners on “each side” will do a better job when we all have a more open, ongoing conversation.

Thank you all again all panelists. I hope this series has been productive for both sides and all involved. Talk to you next week!
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5 Observaciones Sobre el Estado de los Medios Digitales

Esta fue la introducción de un reporte que escribí hace un año, después de asistir a la conferencia Forbes MEET. Me pareció que seguía tan vigente, que decidí compartirlo con mis lectores.

1. Se agotó la escasez: los sistemas de distribución de contenido se han democratizado.

Los medios tradicionales, como únicos distribuidores de contenido, manejaban una economía de escasez. Funcionaban como un alcabala, decidiendo que distribuir (publicar) y que no. La Internet acabó con este sistema, dándole a todos un canal de distribución eficaz. Los cuellos de botella han desaparecido. Cualquier persona puede publicar su opinión en un blog, un video en YouTube, o hasta distribuir las canciones de su grupo musical. Los MediaSnackers son un ejemplo de usuarios adaptándose a esta nueva forma de generar y consumir contenidos multiples.

2. Time-Shifting: El futuro del consumo de contenido es cuando quieras, como quieras, donde quieras.

Aunque la televisión tradicional continuará siendo relevante y necesaria, cada vez más usuarios optarán por controlar cuándo, cómo y dónde disfrutarán ese contenido. Seguirá existiendo la necesidad de televisión en vivo, debido al aspecto social de poder comentar un programa al día siguiente (el efecto bebedero o water cooler effect). A medida que nos sentimos más cómodos compartiendo con nuestros amigos online (via Twitter, por ejemplo), parte de esta necesidad de compartir va migrando a la Internet.

3. Hacen falta más y mejores editores.

En un mundo con contenido ilimitado y de fácil acceso, se hace cada vez más importante la existencia de editores, recomendaciones, entes de confianza que nos lleven al contenido que valga la pena. A medida que valoramos más nuestro tiempo, se hace más importante y valioso tener editores de confianza. Esto aplica para todo tipo de contenidos (noticias, programas, música, juegos, videos). Sistemas como Digg, aún con sus fallas actuales, pueden ser una solución.

4. Noticias locales: Las noticias estarán cada vez más cerca.

Cuando agencias como Reuters distribuyen su cobertura internacional a todos los noticieros del mundo, el valor de estas noticias cae. Los noticieros y periódicos deben aprovechar su presencia local para dar cobertura a los eventos de real interés para su consumidor… la tendencia es a ir a un nivel hyperlocal, al barrio, a la urbanización, al municipio. La Internet es la via ideal para transmitir este contenido localizado. De igual manera, los usuarios han comenzado a hacer Periodismo Ciudadano, utilizando blogs, videos, podcasts y cualquier otra tecnología de distribución de contenido imaginable para dar su opinión, plantear sus denuncias y comentar los últimos acontecimientos.

5. La Internet competirá con la televisión en el televisor.

En los próximos dos años la Internet estará conectada al resto de nuestro hogar, principalmente al televisor. El contenido existente en Internet competirá con los programas de televisión. Ver un video de YouTube, CurrentTV o Google Video en la pantalla plana de nuestra sala será tan sencillo como apretar un botón en el control remoto. Los medios tradicionales deben hacer un esfuerzo por distribuir su contenido vía Internet (ver Hulu), crear contenido en Internet que apoye su programación tradicional (ver Heroes), y comenzar a competir contra sí mismos en este nuevo espacio.

¿Cómo será el futuro de los medios digitales?

Una versión en inglés de este artículo está disponible en mi blog, RED66.com. An English-language version of this post is available on my blog, RED66.com.

Carnival of Entrepreneurs #38: November 9, 2007

Welcome to the November 9, 2007 edition of carnival of entrepreneurs.

Arin Vahanian presents How to Build True, Lasting Confidence posted at Super State.
artThailand presents artThailand: We Put The World Of Contemporary Art From Thailand Within Reach posted at artThailand.
edithyeung presents 12 Reasons Why People Want to Keep Your Business Card posted at Edith Yeung.Com: Dream. Think. Act..
Ivan Rios presents Sometimes It?s Better to Quit and Move On posted at artofleading.net.
Wanda Grindstaff presents Wealth and Freedom – Get Clear on What they Really Mean! posted at Creating Abundant Lifestyles.
Danogo presents The Ultimate Band Guide to Building a Myspace Music Community posted at Danogo.com – Discover. Inspiring . Media, saying, “Teaches people how to make money online in their spare time by selling songs and music on myspace.”
artThailand presents artThailand: a different take on the world of art posted at artThailand.
Thomas Humes presents Are You Habitually Losing Money? posted at Wealth Building World, saying, “Psychologists tell us that up to 90% of our behavior is habitual. If you have a habit of letting your receivables get overdue, which is one of the most common unsuccessful habits, you will always get a predictable result. Negative habits breed negative consequences.”
Eric D. Wills presents What’s a Dollar? posted at One Away.

Business Insights and Ideas

GP presents Inn the Zone posted at Innside Innkeeping – Montana Country Style, saying, “Good questions to ask yourself for starting up a biz.”
Christopher J. Brunner presents Advertising Quality in Your Product posted at GreatFX Business Cards, saying, “The number one rule for advertising quality in your product or service is to not use the word “quality,” but to convey it by other means.”
David presents Analyzing the Deal, What are Investors looking for? posted at Gaizer.com, saying, “When investors evaluate the opportunity you present, they will look at the following factors”
Tezza presents How To Build A Successful Business The Warren Buffett Way posted at 4 Eva Young, saying, “Men like Warren Buffett don’t just stumble onto the world’s rich list year after year and not know a thing or two about how to run a very successful business. Buffett is more than just one of the greatest investor’s of all time, just like McDonald’s is not just in the burger business, but also in the real estate business considering their immense portfolio of prime real estate around the world.”
Aaron Brandon presents Home Business?no, Freedom Business posted at Aaron Brandon.
Jimmy Atkinson presents 25 Ways to Earn More and Work Less posted at Ask the Advisor.
Liz presents Are your customers loyal or simply satisfied? posted at Nitro Marketing Blog.
John Crickett presents We Solemnly Promise To Let You Down | Business Opportunities And Ideas posted at Business Opportunities And Ideas.
Christopher J. Brunner presents Advertising Your Product on Stage posted at GreatFX Business Cards, saying, “Product placement is expanding its borders. No longer something just for the movies, many companies are landing product placements on the stage as well.”
The Career Counselor presents The Scoop on Life Hacking posted at ask the CareerCounselor.
Alvaro Fernandez presents 10 Highlights from the 2007 Aspen Health Forum posted at SharpBrains, saying, “Check out this overview of the Health and Science trends discussed in this recent policy event.”
David presents What are Venture Capitalists looking for? posted at Gaizer.com, saying, “Seed Financing: Here, venture capitalists fund entrepreneurs in the idea stage, when a company has not yet produced a product or service and is building its management team. You should expect to receive capital under $50,000.”
Taylor presents TNX.net – A New Text Link Ad Marketplace posted at Super Blogging, saying, “The best business idea around for any entrepreneur is to sign up for TNX.net, the newest text link ad marketplace around. Make money online or promote your own site!”
Carlo presents Becoming an Internet Marketer: The Right Reasons posted at Carlo Selorio’s Internet Entrepreneur’s Journey, saying, “It’s easy to get caught up in the constant inundation of the thousands of dollars others are making every day, week, or month by working at home on the Internet. It sounds good anyway, and maybe we’re sick to death of working for someone else, however there’s something about being an Internet marketer we hear little about.”
Warren Wong presents The Weakness Of Overconfidence posted at Personal Development for INTJs, saying, “Why overconfidence is a weakness and tips to overcome the dangers of overconfidence.”
wilson ng presents SME 1- Should you get an MBA? posted at Reflections of a BizDrivenLife, saying, “Many believe that you need good gut feel and street smarts to succeed as an entrepreneur. They may be right. But in today’s world where you need every advantage you can get, a proper business education may give you the tools and skills not only to bootstrap your business, but to scale it to greater heights.”
Christopher J. Brunner presents The 411 on Schmoozing posted at GreatFX Business Cards, saying, “Schmoozing isn’t exactly a word I like, as it seems to imply deceitfulness in some fashion, but you do need to brown-nose a bit in order to get things moving as you network with other businesses and clients.”
Gavin Ingham presents Stand up if you like cold calling! posted at Gavin Ingham.
Terry Dean presents 3 Characteristics of Winners posted at Integrity Business Blog by Terry Dean.
Alex Schoenfeldt presents posted at Advice Network Founders Blog, saying, “Our contests gives you a chance to win a MacBook, and it promotes your business too. Your article will be a good inbound link, and if you blog about this, let me know and I will link to you from my blog too.

Starting today, Advice Network, will be running an ‘article writing contest’, and we’d like to offer you and your readers an invitation-only chance to enter. If you could post about the contest, I’d really appreciate it. Let me know and I will link back to your from my blog (www.advicenetowork.com/blog ) right away.

We are looking for professionals and enthusiasts to write advice articles for the average person in three main categories, real estate, weddings, and running a business.

The winner of the best advice article will receive a new MacBook laptop. And just for entering, they’ll receive a 4-month vendor listing on AdviceNetwork.com, absolutely free. There is no fee to enter the contest, and we don’t require anyone to purchase a vendor listing.

To enter the contest, click here

If you want to learn more about Advice Network, click here

Thanks again. We are excited to hear from you and your blog readers.

Regards,
Alex Schoenfeldt”

Gregg Henson presents 401k Rollover… posted at Gregg Henson.com.

Martin Russell presents 5 Tips For Your Christmas Card Marketing posted at Comments for Word of Mouth Marketing.

Barry Welford presents Sound Will Drive Mobile Web Growth posted at StayGoLinks, saying, “The Mobile Web is having a rocky start with many challenges including input and control via a small cell phone keyboard. Using the sound capabilities of the cell phone provides a better way to surf the Mobile Web.”

Terry Dean presents 18 Possibilities to Build Your Unique Selling Position posted at Integrity Business Blog by Terry Dean.

David presents Introduction to Business Lines of credit, how this loan can help you solve your Working Capital needs posted at Gaizer.com, saying, “With a line of credit, you can make use of monies up to a maximum amount set by the bank. You pay interest only on the amount that you use.”

James D. Brausch presents Business Systems Also Improve Sales And Customer Experience posted at jamesbrausch.com.

Christopher J. Brunner presents Finding An Employee That Matches Your Leadership Style posted at GreatFX Business Cards, saying, “When you’re looking to hire a new or your first employee, be sure that you take the time to first recognize what type of boss you are, then to understand what type of employee will provide the best performance for your company under your direction.”

David presents Business Health Insurance posted at Gaizer.com, saying, “Unemployment Insurance covers workers who become unemployed through no fault of their own.”

Jose DeJesus MD presents Banking Relationships Pay Long-Term Dividends posted at Physician Entrepreneur.

Jose DeJesus MD presents Can This Bill Collection Software Achieve Better Results than Your Collection Agency? posted at Physician Entrepreneur.

Merlyn Sanchez presents Smart Business Owners » Archives » Increase Your Credibility and Grow Your Business With Testimonials posted at Smart Business Owners.

Inspire Me!

Eric DeGroot presents Why NOT to be an Entrepreneur…by an Entrepreneur posted at Entrepreneurs Mean Business blogs, saying, “An entrepreneur tells you why not to be an entrepreneur.”

Christopher Herron presents Downcycle The Hype; Stay Focused. posted at Green-preneur Guide To Environmental Entrepreneurship, saying, “Not sure it will fit but I’m submitting regardless. Have fun!”

Harrison presents It is Very Important to learn the skill of selling Today posted at Journey To Financial Freedom, saying, “This is an article that about how important of selling skill is to keep you survive in today’s society. If you want to make more money and have a more successful life, then you can’t miss this article. But wait a minute, the selling skill that I’m talking about is different……”

FitBuff presents Negativity is Contagious, Are You Immune? posted at FitBuff.com’s Total Mind and Body Fitness Blog, saying, “A recent study shows that not only is negativity “contagious,” but its effects are stronger than positivity. This means you have to be even more aware of the people and thoughts around you.

Are you immune? Do you think for yourself, or let other people’s opinions influence your own?”

GreatManagement presents Tom Peters Recommends The Dream Manager posted at The GreatManagement Blog.

Silicon Valley Blogger presents Why The Rich Get Richer: An Entirely Different Perspective posted at The Digerati Life, saying, “Thank you!”

Christopher J. Brunner presents Brainstorming Motivation for Your Employees posted at GreatFX Business Cards, saying, “Have you ever been to a business meeting that, though the intention was to come up with great ideas for the progression of the business, turned out to be a total flop? Here are some tips on how to make those meetings more productive.”

Stefan Töpfer presents THE SMALL BUSINESS BLOG » Blog Archive » Work-Life Balance 2.0 and Small Business posted at The Small Business Blog.

James D. Brausch presents Act Or Don´t Act… There Is No Try posted at jamesbrausch.com.

Dr. Joe Capista presents Total Success is Determined by Your Thoughts, Beliefs and Actions posted at Success Triangle, saying, “Many people say they want success, yet they are not willing to do what it takes to achieve their desired outcome. There is success and there is Total Success. Total Success is about having a balanced life, giving back and enjoying what you do. Few people will ever experience what is called Total Success. Total Success requires more then a successful business and a great income. It is about a state of mind, your beliefs and your actions.”

Warren Wong presents Focus On One Thing At A Time To Completion posted at Personal Development for INTJs, saying, “Learn to focus on one thing at a time to save time and get more done.”

Dr. Joe Capista presents A Mentor Can Change Your Life posted at Success Triangle, saying, “Building a successful business does not happen overnight. It can take years to reach the point where you achieve what you want. One of the main reasons people don’t achieve what they want is they are not specific enough. Another is that they make a half-hearted attempt at setting goals. They may think about what they want and call that goal setting. The fact is thinking about what you want is only part of the process. There is so much more.”

GreatManagement presents The Simple Top Management Skill and Technique you’ve got to Have! posted at The GreatManagement Blog.

Tiffany Colter presents Guaranteeing success posted at Writing Career Coach.

Online Success

Tomaz Mencinger presents How to Become an Expert in Internet Marketing posted at Financial Freedom Ideas.

Donald Mckenzie Jr presents Home Based Business Tips – Your Time Of Day posted at Full Time Income From Home, saying, “We’re not all morning persons. I happen to be a morning person. I’m up at the crack of dawn and have most of my day’s work done before 9 AM.”

Terry Dean presents Secret Ingredient in Your Business posted at Integrity Business Blog by Terry Dean.

Kathleen Gage presents Here’s why lots of people will NEVER make money on the Internet posted at Street Smarts Marketing, saying, “Lots of people want to “make money on the Internet.” What many fail to realize is making money on the Internet requires that you treat this like any other money-making opportunity. You must work at it, you must establish market reach and you must gain visibility. Also, you must develop a solid foundation.”

Financial Hack presents Forget Digg: Don’t Underestimate the Money Power of Traditional Media posted at Financial Hack.

Jim presents Common Cause Variation posted at The Kaizen Business.

Tips

Phil B. presents Is it Time to Purchase Bank Foreclosed Properties? « Phil for Humanity posted at Phil for Humanity, saying, “With the increased number of mortgage defaults and decreased real estate values, it may be time to purchase an investment property soon. Exactly how soon is a debatable question, but many experts are guesstimating between the end of 2008 and first quarter of 2009.”

Robinson Go presents AdSense Psychology posted at The Robinson Go Blog, saying, “Common Sense Advice applied to AdSense. Apply it to entrepreneurship as well. Think!”

Matthew Paulson presents Online Loan Sharks Swindling Customers posted at Getting Green.

Sutocu presents The Basics to 2000% ROI posted at Your Website Profit.

Pushpa Sathish presents Linux for Business: 50 Apps to Get your Office on Open Source posted at Virtual Hosting.

Michael@TSM presents Fall TSM Travel Writing Contest: Win $125! posted at Traveling Stories Magazine.

Tristan Loo presents SMART Goal Setting 101: The Definitive Guide to Goal Achievement posted at The Synergy Institute, saying, “Life Coach Tristan Loo explains how to set and achieve SMART goals. At 4915 words, this is the most comprehensive article on goal setting on the internet. Learn and integrate these powerful goal setting techniques into your life to produce the good that you desire for yourself.”

Alex Marlin presents Getting Even More Free Traffic To Your Website posted at How To Build A Website Blog, saying, “Don’t get lost in the hype the old methods for generating free website traffic still works great.”

Steve Faber presents 4 Great, Free Business Resources To Help Grow, Start, or Save Your Business posted at DebtBlog.

Jack Yoest presents Management of New Media: 4 Lessons From The Washington Briefing posted at Yoest.com, saying, “Your Business Blogger is observing The Washington Briefing in Washington, DC, hosted by the Family Research Council.

All nine presidential candidates are speaking. Some 2,600 people from 48 states are cheering on their favorites.

As I sit here live blogging I count some 37 people with media credentials typing away on Bloggers Row.

Over 400 media credentials have been issued. The event is progressing, well, uneventfully. No visible glitches. Little is going wrong in the mechanics.

It is a success.

I ask Charmaine, the VP of Communications on the number of media hits. She doesn’t know. I press for a guess. No one on her staff knows either.

But she smiles and concedes that there has been a “complete international domination” of news. (I accompanied her to her live interview on the local BBC News bureau last night.)”

Heather Juma presents Show Me The Money! posted at Girls Who Network Diary.

GreatManagement presents Come On, Be An Effective Manager posted at The GreatManagement Blog.

GreatManagement presents Time is NOT an Excuse posted at The GreatManagement Blog.

John Crenshaw presents Are You Proactive or Reactive? posted at Dominate Your Life, saying, “You can learn a lot about how to be successful in life and business by studying what works for people in really intense situations. Am I ever going to be so bombarded with information that I’m incapable of processing it all?”

GreatManagement presents Great Inspiration Articles 29 Oct 2007 posted at The GreatManagement Blog.

Alan Evans presents Reliable Market Research – Ask the Right Questions posted at Small Biz Rocks.

Ralph Jean-Paul presents Start Meaningful Conversations posted at Potential 2 Success, saying, “Have more interesting and engaging conversations by learning the right way to begin them. The way you connect with people can improve your social and professional life. So if you want to improve your overall lifestyle, improve the way you connect with others.”

Scott Allen presents Better Bootstrapping – The Importance of Income Automation posted at About.com Entrepreneur’s Guide, saying, “I suppose some people’s dream business is to make their living completely from internet marketing, blogging, etc., but for those entrepreneurs who have a grand vision of making the world a better place, income automation can help fund your dream business and see you through the cash crunches that are almost inevitable. I call it better bootstrapping.”

Tricks and To-Dos

David Kam presents A Generous Leader, A Great Figure posted at MarketingDeviant.com.

Sanjay Kumar presents Getting paid faster posted at SimplifyThis, saying, “Strategies for getting paid faster.”

Gavin Ingham presents Dealing with voicemail, 10 tips for outwitting the electronic sales prevention machine posted at Gavin Ingham.

Gley Yahya presents How to Use Article Marketing the Right Way posted at Work At Home Start Up Guide, saying, “There are may free methods you can use to promote your website, blog or product. But article marketing is the most powerful way of all! It can benefit your business in many ways that no other marketing is able to accomplish.”

That concludes this edition. Submit your blog article to the next edition of carnival of entrepreneurs using our carnival submission form.

Past posts and future hosts can be found on our blog carnival index page.

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PR Roundtable Discussion: Outing Bad PR

I hope you all have been enjoying this week of PR conversation with respectable bloggers and Public Relations folks. This is a tricky area where real progress has to be made to try to bridge the gap between the two sides. Often, PR sees social media as a quick, cheap, expendable method of promotion while bloggers view PR in light of horribly misfired pitches.

We continue the conversation today with our panelists.

Is “outing” a wayward PR agency or individual an effective way of dealing with the problem of misfired pitches?

Brian SolisBrian Solis: Quite honestly, I’m surprised this doesn’t happen more often as it has been a serious problem for decades.

Chris Anderson’s post sent a jolt that reverberated throughout the entire industry. It was a painful reminder that complacency and spam do not belong in PR.

There are also several blogs dedicated to exposing spectacularly horrible moments in PR as well as exposing bad pitches and the people behind them ““ and they’re gaining in popularity.

The game of PR has largely been enjoyed the comfort of existing behind-the-scenes and this exposure and public ridicule is forcing PR out of its comfort zone, which at the end of the day will only make PR stronger and more effective.

Now whether or not running the names and email addresses on the Web was a good thing, however, is complicated to assess as there are many factors and ramifications for doing so.

On one hand, it scared the sh!t out of everyone and brought much needed attention to the need to improve things in PR. On the other hand, it starts to raise privacy issues and taboos that can lead down a scary path affecting everyone involved in the business of public relations and media publishing. And, all of these conversations at the moment are only addressing the symptoms of much bigger problems that face PR, including unrealistic metrics and a complete misunderstanding of how PR really works by clients and corporate execs.

Exposing names and contact information is a steep penalty to pay and quite honestly, it’s somewhat irresponsible. There are other ways to get the same result and impact without forcing individuals to publicly pay the price for the ills of entire industry. Note, my only reservation here is names versus contact information. Running names is a leap, but I can support it. Running contact information crosses the line.

I think that “some” lazy flacks have learned their lesson and many more have been alerted to the fact that they are the epitome of what’s wrong with PR.

Very few PR “Pros” are out there building relationships with the public or people. Most don’t bother to spend the time to really learn about what they represent, why it matters, and how it’s different than everything else out there. And, without that understanding how can anyone realistically believe that influential reporters and bloggers are going to pay attention to their generic pitch?

Marc OrchantMarc Orchant: Only as a last resort after trying to deal with them directly. If they’re unresponsive and refuse to show any courtesy or respect for the value I place on my time I suppose I might call them out publicly.

Frankly, I’ve never had to consider this sort of doomsday scenario. I think a unilateral “outing” with no prior attempt at achieving a more diplomatic resolution is unprofessional and ill-tempered.

Marshall KirkpatrickMarshall Kirkpatrick: I don’t know yet, it’s only been a few weeks since I first tried it. To be honest, it’s such a huge problem that I don’t know if my experience in calling out specific people was worth the cost it incurred in hurt feelings. I don’t think I would do it again and I’ve apologized personally to all of the wayward airheads (I kid!) that I called out a while ago on my blog.

Cathryn Hrudika: I know that “outing” incidents have happened recently, and I suppose one can see pros and cons. On the one hand, if a large PR firm is “outed” that has been notoriously slow to get the message, or a particularly egotistical and seemingly lazy PR practitioner, there is a tendency for some people in the industry to feel smug and think it has done some Cathryn Hrudikagood, even if someone suffers public embarrassment or a reputation is damaged. In one sense, this seems to reflect the current mindset of a society where tabloid stories pass as news, and potentially damaging, confrontational accusations pass as “therapeutic confrontation.”

Personally, it’s not my style. I prefer honest, open discussions, like the constructive one we’ve been having on this PR Roundtable, where real information is exchanged as well as individual opinions. If someone, an individual or a PR firm, needs to be confronted, then I think it should be done with a certain amount of civility and respect, or else, in private. Some of the recent cases we’ve seen smack of mere ego gratification by the “outer,” rather than serving any real constructive or educational purpose. If an individual blogger or editor felt that he or she needed to confront an errant PR professional, surely it could have been done respectfully on a one-to-one basis, or in pitch guidelines that could have been posted on their blog or web site and also delivered to the agency in question. The only positive result might be that a few of these “outing” episodes did set off a much needed discussion about how we need to update and improve public relations practices, and what next steps should be taken. After all, if we are attempting to model the ongoing conversation, rather than the spam pitch, then let’s also model it in the way we handle an errant-or perhaps uninformed-practitioner.

It would seem preferable for PR industry trade associations to take a more proactive and progressive role in training their members adequately in newer public relations and social media techniques. Most of the effective re-education and discussion I’ve seen has been in nontraditional organizations that were created in the past few years by a small number of progressive PR and marketing professionals, such as the Social Media Club-not in the more traditional trade organizations. This training and mentoring should also occur in college and university programs in marketing, communications and public relations, so that younger PR professionals entering the field receive the most up-to-date guidance in the ever-evolving changes that are occurring in our industry.

Doug HaslamDoug Haslam: Is it effective? Yes. No PR person wants to see their name on a “bad pitch” list and would do anything not to be publicly ridiculed. I have no problem with outing in that sense, though I wouldn’t necessarily take part in that sort of behavior unless severely provoked. What Chris Anderson did in his Long Tail blog– publishing the email addresses of 300 bad pitchers — is a real price PR people must pay, whether fair or not. The best answer to a “bad pitch” complaint is to send a good one– it’s worked for me.

The final segment of this roundtable is tomorrow. The panel will wrap up address with some takeaways for the industries they are in. Hopefully someone takes away some wisdom from these folks who are in the trenches of the industry.

PR Roundtable Discussion: Engaging Public Relations for Bloggers 101

We continue the PR/Blogger Roundtable discussion with Doug Haslam, Marshall Kirkpatrick, Brian Solis, Cathryn Hrudicka and Marc Orchant.

Brand is a matter of some discussion – and we did that yesterday.

How can bloggers engage public relations better?

Cathryn HrudikaCathryn Hrudicka: The lines between public relations professionals and media content providers are blurrier than ever, as many PR pros also blog, and produce podcasts and video content. So we’re playing one role in one context, and the other role at other times. That should give us better insights as PR professionals into how to converse with bloggers on behalf of our clients (or ourselves), because we know what it’s like to be a blogger and have other people pitch us. It’s also vital to realize that bloggers are very individualistic in their preferences, content and styles, and approach each one accordingly.

Bloggers could engage PR people more effectively by learning who the key PR representatives are for the people or topics they’re most interested in covering. The bloggers could be more proactive in approaching PR people to request background information or access to an interesting subject to interview. Actually, the top bloggers who also have more traditional journalism backgrounds are already doing that. There are so many bloggers, though, some who are lesser known, and it becomes difficult for PR pros to keep track of them all, what each of their individual preferences are, and what they prefer to cover. Bloggers could work at cultivating relationships too, instead of thinking of all PR people as “flacks” to be avoided.

Several prominent bloggers have made it a point to tweet on Twitter, announce on Facebook or on their blogs how they wish to be approached by PR pros, what topics interest them and don’t, and the best ways to contact them. For instance, B.L. Ochman has provided samples on her popular “What’s Next?” blog, of good and bad press releases and examples of how she wants to be approached by PR people. She has stated a preference for short, concise pitches with bullet points. In contrast, Robert Scoble (Scobleizer blog, PodTech) has mentioned that bullet points put him to sleep, and he prefers imagery and description in PR pitches. At various times, he has also requested that PR pros contact him via Twitter or Facebook messages, rather than by email. It is very helpful for bloggers to provide specific information like this so that PR professionals know immediately how to most effectively and efficiently participate in an ongoing conversation with these bloggers. Being aware of what events specific bloggers attend, and making a personal connection with them at these events, is also a key to forming an ongoing relationship.

Marshall KirkpatrickMarshall Kirkpatrick: We can tell PR people exactly how we want to be communicated with, we can be flexible when they need something else and we can expand our horizons regarding our area of coverage. For example, I would like PR people to send me their clients’OPML files, to send me bullet points about any release ahead of any launch, to provide access to the product or service being pitched and to be available to answer questions instead of asking me for an hour long CEO phone call.

Further, I’ve been considering a revision of my standard policy against covering mobile technology. I get so many pitches for it, it’s clearly a direction things are going in.

I also think that bloggers can be friendly with PR people and show them how to use tools like RSS readers and Twitter, when appropriate.

Brian SolisBrian Solis: I think it all starts with couples therapy.

Blogger, “All they do is spam with me this and that! They don’t care about me and my needs!”
PR, “They never listen to me”¦It’s like whatever I say is ignored no matter how important it is to me. They just don’t care!”

Seriously though, bloggers can benefit from maintaining a strategic and advantageous relationship with the right PR professionals. Love them or hate them, good PR people can still be a helpful part of the news and information process. They can and will work for you.

I think we all learned that running the names of lazy PR flacks in a public forum is definitely one way to send a clear message. Social Media is fueled by people and their peers, so running things in the blogosphere definitely makes things very personal. But there are also other ways to ensure that PR people “think” before approaching bloggers.

One way is to send positive feedback to those that do it right. Send notes to management in regards to those who do it wrong and remind them how to do things correctly. Or, simply block the individual from contacting you again ““ but in the process let them know why.

We recently had a lazy PR associate who ignored repeated points of advice on how best to reach out to bloggers. Aside from the lip service we got, he continued to do things the spammy way”¦blasting lists of targets with impersonalized messages with inappropriate news releases. Within one week, this person was called out by two bloggers, one of whom decided to cc: everyone at my agency lambasting his approach and well, basically, calling him stupid. Names are one thing, and probably inappropriate, but the message was loud and clear and this person was now directly humbled among his peers. And, most importantly, it spotlighted a problem that required correction, while also reinforcing the need for other people on our team to remember that this entire process is about people. One news release doesn’t matter to everyone! Subsequently this person is no longer with us.

Yes it takes time for you to respond rather than ignore things, it also takes an unusual level of patience and understanding, but it helps PR adapt and learn. Using the example above, one email affected 15 people.

Another way bloggers can work better with PR is to clearly say somewhere how they wish to be contacted, what they are looking for, and advice for cutting through the clutter. Submission forms are not helpful.

We should all be in this to learn together. And, for those that don’t want to learn or embrace evolution, then they’ve sealed their own fate.

Evolve or die!

Doug HaslamDoug Haslam: Use them to help you. Tell PR people what you want, and let them in on the conversations, so long as they participate as, well, a participant, and not just a bald shill. The best way to increase the percentage of quality communications from PR is to post a policy somewhere on your blog or site that sets down your rules of engagement– do you want press releases? Would you prefer to hear from PR in comments? What topics do you want to hear about? There is nothing PR people like more than being told how to communicate with you.

Marc OrchantMarc Orchant: I have a great relationship with many PR folks and I think the secret is to take the time to get to know them well enough to be able to speak frankly with them. I try to always make a point of educating a PR firm representative what my areas on interest and focus are. If they pitch me on something completely unaligned in their enthusiasm to get some coverage, I can then reference back to that conversation and remind them of where my interests (and those of my readers) are.

Just recently, I sent a quick “no thanks, not interested” response to a PR person (internal to the company in this instance). She replied asking if I would prefer not to hear about the company any more. I told her to please keep me on her distribution list but to understand that I would only follow up or write about their news if it was relevant. I’m interested in the company, think what they’re doing has value, and occasionally find something they’re doing appropriate for my readers. By clearly laying out the ground rules for engagement, she doesn’t have to waste cycles following up with me and I don’t have to expend energy saying “no thanks”.

There will always be unsolicited and completely inappropriate pitches landing in my inbox. I’m resigned to that. Too many PR “hacks” simply shotgun a press release to a big list hoping something will stick. And I’ve found a simple solution. It’s called the Delete key. If I don’t know who the sender is and find the pitch completely off topic to my blogs, it’s gone. If that rep really want me to cover a story, they’ll follow up (the good ones do) and we’ll begin establishing better communication and understanding.

That’s it for this segment of the Roundtable. Tomorrow, we’ll talk about the panelists views on “outing” wayward PR folks. This should be interesting.