Showing posts with label Marketing. Show all posts
Showing posts with label Marketing. Show all posts

Wednesday, February 20, 2013

One Word Company Names

One of the most important things a company can do for itself is pick a good name. Historically, blue-chip American companies have names such as Bank of America, Coca-Cola, General Mills, and IBM. Lately, I've been noticing a trend in upstart American companies: they are all picking one-word company names.


Are these new generation of entrepreneurs trying to copy the success of Apple and Google? Possibly. Here are some of the new company names I've run across lately:

Box - Secure online file storage
Bump - Media sharing for smartphones

Canary - Wireless home security system
Coin - Replace multiple credit cards with one single card
Nest - The "learning" thermostat
Paper - Digital sketch book for iPad
Simple - Personal finance software
Square - Mobile payment processing
Stripe - Web payment processing
Vine - Looping video app from Twitter

Based on these companies, I have developed a formula for people looking to launch their own one-word startup company. Follow these easy steps and you'll be on your way to startup success in no time!

1. The Name
Obviously, it has to be a one-word name.
It should not be a portmanteau or empty vessel name like Groupon or Hulu, but an everyday word from the dictionary (preferably a noun).

2. The Website
The website must look really slick. Clean design with lots of whitespace and no more than 3 colors. Bonus points if your entire website is one long scrolling page (like an Apple product page).

3. The Video
The focus of your website is to get people to watch your introductory video, which is naturally hosted on Vimeo instead of YouTube, lending credence to the far more artistic-thinking audience your company cultivates. The video should not have any spoken dialogue, but should illustrate your company's product or service through a clever sequence of shots backed by an upbeat instrumental track and some inspirational words at the end.
(The similarities between Nest, Simple and Paper's videos are stunning).

4. The Press
Your company has to be mentioned absolutely everywhere. Not in mainstream media like the New York Times or Time Magazine, but on the web! You need profiles in FastCompany, TechCrunch, Engadget, Gizmodo, Huffington Post, Reddit, and all of the lower tier websites that scrape or syndicate content from the bigger ones.

5. The App
Whether the app IS your product/service or simply facilitates one, you need a mobile app. It has to be available for both iOS and Android platforms.

6. The Business Model
The product should use the freemium model in which some of the functionality is given for free, and members can subscribe for a low monthly fee to enable complete functionality. For product based models (such as Tesla or Nest) there should be no more than 3 variations of the product. Keep it simple.

Here are some new companies I have just now invented using my own formula:

Bound - An on-demand publishing service similar to LuLu, Blurb, and others.

Chain - A social app for cyclists. Hu ge with the fixed-gear hipster crowd.

Green - Um, I don't know? Something to do with finance and smartphones...

Ink - A cloud based printing service of some sort.

Ring - A virtual telephone number service (similar to Google Voice and Skype).

Snooze - Find a hotel room from your smartphone.

Whirl - A location-based photo sharing app (FourSquare meets Instagram).

Saturday, March 6, 2010

Extreme Consumer Products are Extremely Lame

All my life, I always thought that the world was a pretty normal place. But as it turns out, I was wrong. The world is a very extreme place. Life is just one heart-racing, adrenaline-pumping adventure after another. What's that? You mean your life isn't like that? Well, you'd think we were a nation of nonstop adventure junkies based on the skyrocketing number of extreme consumer products out there!

Xtreme Consumer ProductsI suspect that the flood of extreme consumer products began in the beverage industry. For years, extreme sports enthusiasts have apparently been unable to quench their "xtreme" thirst with ordinary beverages such as water, juice, and soda. This led to the development of energy drinks, which are carbonated beverages similar to soda but with absurd amounts of caffiene and other allegedly "natural ingredients."

One of the first xtreme beverages to hit the scene was Monster Energy Drink. Besides classic Monster, it is also available in several varieties including a low carb version and a coffee-flavored version. Monster Energy has branded itself as THE drink for the extreme lifestyle by sponsoring events such as motocross racing and the X-Games.

So if you play regular sports like baseball and basketball, you drink regular beverages. If you do extreme sports like backflipping an ATV over a train, you drink extreme beverages. Fair enough. But I think that the number of products claiming to be extreme is getting out of control. I'm sorry, I meant to say "x-treme."

We don't use regular toothpaste anymore, we use Aquafresh Extreme Clean. We can't just remodel our house, we get an "extreme makeover." We can't use ordinary deodorant, we use Right Guard Xtreme deodorant. We eat Xtreme flavored chips and snacks from Pringles. We snack on Xtreme Snickers candy bars. We connect to the Internet using D-Link Xtreme wireless routers. We work with Xtreme tape measures from Stanley. We chat on xtreme cell phones from Samsung. Even Hasbro is putting an xtreme spin on the classic board game "The Game of LIFE." Look for "The Game of LIFE: Extreme Reality Edition" coming soon!

The whole trend of mundane, everyday products being rebranded and reintroduced as "xtreme" products really bugs me. I am not a (completely) stupid person! I can tell that the only difference between regular Pringles and the "xtreme" Pringles is the label on the can and a little bit of flavor additive! There is definitely a limit as to how extreme a product such as potato chips can really be.

What if D-Link's regular routers transmitted information at 54mbps and the Xtreme routers transmitted information at 540mbps? What if Right Guard made a deodorant that you only had to apply once per week? What if Pringles started using capsaicin extract in their flavoring? These products would deserve to be called "xtreme" if they really existed. However, this is not the case with the products you see at the store labeled "xtreme." I think that "xtreme" products are NOT significantly more extreme than their competitors in any way.

The truth is, D-Link's regular and Xtreme routers contain the same electronic components and have the same function, but one has a slightly different package. Woo-freaking-hoo. At the end of the day, the Xtreme router is not xtremely faster than the regular one. The Xtreme Pringles don't taste all that different from ordinary Pringles. I don't have to handle them with gloves or keep them away from children. The Xtreme deodorant doesn't contain any magic ingredients not found in ordinary deodorant. There is absolutely nothing more extreme about a Stanley Xtreme tape measure over a regular tape measure that costs less.

Taking a regular product and re-branding it as an xtreme product is the hottest new trend in marketing consumer goods these days. This explosion of xtremely lame consumer products is xtremely annoying. At this rate, it won't be long before "xtreme" sounds as dated as other buzzwords such as "radical," "groovy," and "da bomb!" This is one marketing trend that I would love to see laid to rest.

Monday, November 16, 2009

Why Black Friday Is a Scam for Consumers

In the United States, the day after Thanksgiving is the single busiest shopping day of the year. This day marks the beginning of the Christmas shopping season. It is the starting pistol that signals people across the country to begin their search for that perfect gift en masse. Although Black Friday continues to gain momentum year after year, I think that it becomes more and more of a scam for consumers each year.

Why Black Friday Is a Scam for ConsumersThe story goes that retailers who operate at a loss most of the year do enough business on Black Friday to make a profit and thus move their accounting figures from red to black, hence the name. Retailers encourage shoppers to spend more by offering one-day-only sales on limited quantities of goods at drastically reduced prices. These no-coupon, no-rebate, and no rain check sales are the stuff of legend, which is why they occur just once a year.

In the days leading up to Black Friday, Internet message boards begin buzzing with rumors about which stores are having the biggest sales. People post store flyers and advertisements online and discuss which stores are having the best deals. Consumers get shaken up with excitement over these deals as the pressure builds like a bottle of soda.

On Thanksgiving Day people begin lining up outside retail stores like Best Buy, Wal-Mart, Costco, and the shopping mall. They will endure darkness, discomfort, and cold weather all night long just to be first in line on opening day. They will take time off from work and be away from their families at the prospect of saving a few dollars on some hot consumer item. Some people even camp out days in advance!

This kind of insane consumer loyalty has expanded beyond Black Friday and is now commonplace. People have camped out for the release of major video game systems including the Xbox 360, the PlayStation 3, and the Nintendo Wii. People will line up outside of a movie theater hours before a film opens to catch the first midnight show (Star Wars anyone?). Some people will queue up outside of bookstores waiting for the hot new titles from JK Rowling wearing homemade costumes of the characters! They will wait in line for hours to buy concert tickets, iPhones and just about everything else.

On Black Friday, the pressure reaches a critical mass. Spots at the front of the line are sold for hundreds of dollars in the hours before stores open. Crowds of ravenous shoppers tear through the stores as the front doors are unlocked. People shove each other out of the way as they run down the aisles. Store workers are trampled and injured in the mass of confusion. Shoppers motivated by greed will buy two or more of a hot item hoping to resell it at an inflated price.

Black Friday is a frenzy of consumer spending unlike anything else in the world. It is an orgy of spending and mass consumption. This poses the question: is getting a great deal worth the true cost of Black Friday deals? I don't think it is.

The whole ritual that Black Friday has become just sickens me. I can't believe that people will stand in line outside of a store all night so they can have the "privilege" of being the first to fork over their hard earned cash for some mass produced piece of garbage. I can't believe they will pay hundreds of dollars to cut to the front of the line. I can't believe they can be so brutal to their fellow man when storming the aisles in search of bargains. They trample each other like a herd of wild animals instead of civilized humans. Christmas is a time for joy, peace, and love. Black Friday is just the opposite: it is all about greed, selfishness, and a lack of compassion for others.

To take part in the madness of Black Friday is to give up your dignity as a consumer. Standing in line all night says to the world that there's nothing you won't do to save a few bucks. By standing in line, your friends, family, co-workers, and even retailers can see what a gullible fool you are. Am I being too harsh? Absolutely not, because only a fool would stand in line all night risking their own safety and comfort to buy that must-have present! In all likeliness, a present that will be forgotten about by next Thanksgiving.

I like getting great deals as much as the next guy, but the truth is that many of these hot deals just aren't worth it. An example might help illustrate my point. Let's say that a big-box electronics retailer is advertising a $100 digital camera for $49 in-store, one day only. $51 dollars off sounds like a great deal, right?

Well if you arrive at the store at midnight and stake out a place in line until the store opens at 8am, that's eight hours of waiting. You only saved a little over $6 dollars an hour by standing there all night (assuming you actually get the camera). Is that $6 dollars worth more to you than an hour with your family? Is it worth more than an hour of sleep? This is the hidden cost of these "killer deals:" you pay for them with your time.

Personally, it's worth it to me to pay the regular price and get a good night's sleep. It's worth it to me to not get trampled by some foaming-at-the-mouth, bargain-crazed shopper on the way to the electronics department. It's worth it to me to maintain my dignity as a shopper. No product is so desirable to me that I would pay twice its retail value to a scalper selling one on Craigslist.

Don't get me wrong, I like gadgets and technology. But nothing is so important to own that I would lie in a sleeping bag on the ground and watch the sun come up for. That shitty feeling would forever be associated with that product in my mind and I would remember it every time I used it.

Do the world a favor and shop sensibly this year on Black Friday. Don't join the hoards of compulsive consumers in wrestling over Bluetooth earpieces. It's not worth your dignity or your time. Remember, it's just stuff.

I'm not the only one who feels this way:
http://artvoice.com/issues/v5n51/my_shopping_orgy
http://www.theguardian.com/commentisfree/2008/nov/29/useconomy-retail

Thursday, March 26, 2009

Steak: It's What's For Dinner

Maybe I've got too much time on my hands, but I have noticed that there are just too many pansy-ass chain steakhouses trying to pass themselves off as legit these days. Between Outback, Lone Star, Black Angus, and Logan's Roadhouse, the casual-dining steakhouse market is expanding faster than America's waistlines. So what exactly is the problem with these restaurants? Allow me to elaborate:

Logan's Roadhouse is an example of a lame casual dining steakhouseBy making steakhouses more accessible to casual diners, restaurant owners have increased their appeal to new markets and increased profits. On the other hand, they've filled their restaurants with all kinds of gimmicks that I don't want to see in a steakhouse. From side salads to families with little kids, steakhouses are no longer a place for adults to go and enjoy a hearty meal. They have become just as homogenized and cliché as every other fast-food chain out there.

When it comes to beverages, I think a good steakhouse should not even have a wine menu. I don't care if you fancy a glass of Yellow Tail or Shiraz with your top sirloin, go be a sissy at a bar somewhere. Steakhouses should only serve milk, water, lemonade, and beer with meals because soda is for kids and wine is for sissies.


Another thing that bugs me about steakhouses is when they try to act all intimate and fancy. You know, the ones that have an elderly couple holding hands at a candlelight table in the TV commercials. Black Angus, I'm looking at you and your high-backed booths and cloth napkins. The lights are so "romantic" and dim it's like eating in a damn broom closet. Cut that nonsense out! Turn the lights on and get real.

Perhaps the cheesiest steakhouse I've ever been to is Logan's Roadhouse. There's a brand new one by my house and the inside is so over-engineered I thought at first I walked into Chipotle by accident. The new-but-made-to-look-really-old decor does not impress me. I think the designers wanted the inside to look rustic and weathered like a local bar and grill, but it's not fooling me. I can just see the construction crews staining the wood panels to look older than they really are, as if it makes eating there more fun or something.

Every table at Logan's Roadhouse has a dish of peanuts waiting for you, and just to prove how badass you are, you can throw the shells on the floor when you're done. That's right, no napkins or trays for your shells. Come on guys. A real steakhouse like Bill Johnson's Big Apple has sawdust all over the floor. Not only is it a fire hazard, but it's probably in the food, too. That's what I'm talkin' about! I wouldn't have it any other way.

At Logan's, you can choose from no more than six cuts of meat while the rest of the menu has things like salads, seafood, and appetizers. Don't waste your breath trying to tell me that "those menu items are for the people who don't want steak." Ah, news flash, don't go to a steakhouse then!

If you want salad, go to Souper Salad. If you want seafood, go to Red f-ing Lobster. When I am in the mood for steak, I want to visit a restaurant that has a good selection of beef cuts on the menu! I want to choose from Ribeye steaks, T-Bones, Top Sirloin, New York Strip steaks, Porterhouse, and Filet Mignon! Seriously, what else do you want? A kids menu? Forget about it and get them a Happy Meal at McDonald's instead.

Probably the closest thing to a "real" steakhouse is the Miner's Camp restaurant in Apache Junction. The entire building is made of wood that looks weathered because it really is. It's been at the base of the Superstition Mountains for decades. The place looks like a strong breeze might knock it over before your food even arrives. I like that.

The dining experience is also very different from today's corporate-owned steakhouses. Instead of dining in dark, romantic booths, you sit at a long row of picnic benches with other customers. Nobody gets their own table.

The food is served on tin plates and cups which are delightfully noisy. Side dishes such as corn and potatoes come in small, cast-iron cauldrons (for lack of a better word). There's no jukebox playing today's top country music hits or any neon signs for Bud Light.

Although it doesn't have the sawdust or the best tasting food, the Miner's Camp is the realest steakhouse I've ever been to. If you're tired of family-friendly steakhouses that cater to families with small children and play piped-in Muzak while you wait for your cheese sticks to arrive, it's time for a change. Get out and find yourself a good local steakhouse where they take some pride in what they do. You'll be glad you did.

I'm not the only one who feels this way:
http://www.youtube.com/watch?v=bTHixb0p4go

Thursday, February 19, 2009

Stupid Naming Conventions: Cell Phones

Today, cell phones can do everything from snap pictures to play music, go on the web, and even open and edit business documents. They have full keyboards that swivel, flip, and slide open in every way imaginable. To make these new phones even more appealing to teens, college kids, and hipsters, cell phone manufacturers began giving their phones names.

Just look at the Razr, the Rokr, the Chocolate, the Shine, the Instinct, the Secret, the BlackJack, the Scoop, the Cookie, the Lotus, the Renown, the Behold, the Saga, and the ubiquitous BlackBerry. This is a trend that's really, REALLY fucking stupid and I wish it would stop before it gets even more out of hand. These names are almost as generic and inane as colognes and fragrances at the mall.

How could you ever tell someone that you got a new phone called "the Chocolate" and not feel stupid and embarrassed? What a dumb name for a phone! What a dumb name for anything other than a bar of chocolate! I'm just waiting for them to come out with a phone called "the Cliche." Better yet, the perfect phone for me would be called "the Critic," if only it made fun of all the other phones with stupid names. I would rather have a phone with an esoteric naming system like "A-100" than a retarded name dreamed up by some marketing executive.

Phone manufacturers: stop naming phones after random nouns in the dictionary. Seriously.

I am not the only one who feels this way:

 http://techcrunch.com/2007/04/05/the-futurist-where-all-these-cell-phone-names-are-taking-us/
 http://betanews.com/2009/02/04/does-a-cell-phone-s-name-spell-its-success/
http://www.reuters.com/article/pressRelease/idUS131854+03-Feb-2009+BW20090203
https://web.archive.org/web/20081208211128/http://blog.gsmliberty.net/cell-phone-musings/cell-phone-names-gone-wrong/