Monday, March 07, 2011

The process of reinvention. Starbucks gets it.....

50mm Carl Zeiss 1.4 shot at 1.4 on Canon 1dmk2n.
50mm Carl Zeiss 1.4 shot at f8 on a Canon 1dmk2n.

Consumers and B to B clients are moving targets.  That's why it makes sense to focus on updating your "public face", your offerings and even the way you personally engage clients and potential clients.  Many people debated the intelligence of removing the type from the Starbuck's logo but it makes perfect sense if your plan is to move beyond coffee.  They've made the foray into ice cream and music, now watch them start serving wine in the afternoons and evening.  Their core market is adults and they own the morning for the middle to upscale part of the market (Sorry McDonald's....) but the problem with adults, even the most caffeine addicted adults, is that few of them can drink much coffee in the evenings and still sleep.

That means that Starbuck's sales  probably look like downhill skiing when you chart hour by hour sales.

If you can get adults back in by changing your product mix to match hour by hour sensibilities then you maximize your investment in rent and wages.  Wine and cheese makes perfect sense.  Happy Hour at Starbucks.  Please note that this is just my opinion about how they might go forward.......

As photographers we've got some psychological and process hurdles to get over too.  The days of print sales are wrapping up.  If you sell directly to consumers (weddings and portraits) you've got to re-invent your business so that pricing and fulfillment aren't 100% dependent on the physical print being your final product.  As demographics shift the draw of the print declines in lock step with the acceleration of electronic display.  You should probably be working to a sales model that delivers final images on an iPad.  With a slide show.  With video.  With other extensions.

In commercial (advertising and corporate) photography the print is as rare as a dodo.  We deliver high res tiff files to clients who are aiming toward magazine or direct mail or brochure print production.  We deliver profiled and optimized Jpegs to web designers and web marketers.  If you gave a print to our direct clients (such as medical practices and retailers) the first thing they would do is scan it into their system and the second thing they'd do is find another photographer.  

My graphic designer spouse reminds me that color preferences change in two to three years cycles and popular typestyles change quickly too.  Refreshing the look of our logos becomes a priority when daily presentation of a website is the lifeblood of commerce.  

Website design is now fashion.  And fashions change with the seasons (warning:  this is not a suggestion to use pumpkin graphics in the fall and beach balls in summer.....)  What's your Fall line look like?

Just like Starbucks we have seasonal shifts of demand and by broadening our offerings and pushing into new markets we can smooth out the curves so that the slow times are less........slow.  Think of the addition of video services as the introduction of Frappacinos.  That was a brilliant move on SB's part to build Summer traffic.  The coffee of our business is the photo assignment.  The copywriting is the hot chocolate.  

Now, along with refreshing my brand, I guess I need to come up with names for our different products.
Anyone up for a Venti Executive Portraitiano?

Sunday, March 06, 2011

Ennui. Success. Anxiety. Work. Throughput. Satisfaction.



I should be happy, satisfied and feeling relatively secure right now.  Business is booming, my fifth book is just about ready to ship off to the publisher,  I've got money in the bank and we didn't panic too much during the "People to Goldman Sachs" wealth transfer of 2008-2009.  In fact, we made money in both our savings and retirement accounts.  So why do I feel more like the bottom photo instead of the top photo?

It's the age-old conundrum:  Am I better off challenged and struggling or am I better off trying to maintain whatever little lead I've accrued.....knowing that it could all come tumbling down with the capricious whip of fate? Or the duplicitous hand of a new generation of investment bankers? Am I happier wishing optimistically for better things in the future or am I more depressed knowing that there's a long way to fall?

I've been living the frugal mentality for the last three years.  Only buying what I needed to stay competitive.  Only spending on stuff we needed for maintenance.  Eating peanut butter and jelly and staying out of expensive restaurants.  But last week I decided that we're either recovering (as a national economy) or we were all going to die.  And I decided that, if there will be bread lines and riots in the street,  I couldn't possibly face them without a new MacBook Pro,  a new fluid head for my video tripod and a full set of Carl Zeiss lenses for my Canon camera bodies.  Forget frugality.  It's time to have fun.

But seriously.  I think my anxiety is tied to all the mixed messages I get every day.  The internet tells me financial armageddon is nigh.  But my clients throw me good work consistently.  And my stocks keep rising in value.  The web tells me that my chosen profession is the latest minimum wage job category.  But my rates keep going up and people keep paying faster and faster.  The schools are kicking teachers out the doors and Texans are nonchalant about class room with 40 kids.  But my kid's school district is resisting all the madness.  It's amazing.  We all understood that it was fear that caused the market (and the economy) to finally collapse.  Why can't we understand that it will be blind optimism that will bring it back?

Oh well.  Back to work.