Andy Boyer

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Category: Business (Page 22 of 24)

Supreme Court Ends 96-Year-Old Ban on Price Floors

June 28, 2007 /

I haven’t seen too much of this floating around the blogosphere yet, and maybe it’s my paranoia kicking in, but this morning’s Supreme Court ruling piques my curiosity.

From the New York Times: The Supreme Court on Thursday abandoned a 96-year-old ban on manufacturers and retailers setting price floors for products.  In a 5-4 decision, the court said that agreements on minimum prices are legal if they promote competition.  The ruling means that accusations of minimum pricing pacts will be evaluated case by case.  The Supreme Court declared in 1911 that minimum pricing agreements violate federal antitrust law.  Supporters said that allowing minimum price floors would hurt upstart discounters and Internet resellers seeking to offer new, cheaper ways to distribute products.

So, why is this interesting to the Internet and Ecommerce world?

What’s unclear from the article is how far the price floor extends.  Let’s use Harry Potter books as an example.  Even though the franchise sells more books than anything else being published, retailers actually don’t make that much profit on the sales.  Thanks to major chains like Wal-Mart and Amazon selling the book at discount as a way to get people into their stores, the retail price hovers below other books. 

But now it seems that the Harry Potter Publisher could set a minimum price if it wanted, effectively stopping Amazon from pricing below the competition.

This has further reaching effects if you start taking into account all the Amazon Associates and Ebay sellers out there.  These companies have done a great job creating as close to a free market economy as you can get.  Now, the law looks like it’s going to allow the stifling of that free market, putting the power back into the hands of producers, who can now decide the prices before they even reach the market.  And I don’t have any idea how this affects the secondary market for items.

Another example is a widget system like Mpire.com whose whole reason for being is to help consumers find the lowest prices on items being sold on the web.  Well, if this "lowest" price is being set by the manufacturer, how does any small discount retailer make any noise to grab a customer?

Unless I’m reading into this wrong, this appears to be a strike at Internet Ecommerce.  Manufacturers don’t like when there is little surplus in their supply and demand graph, and have now artificially manipulated the system to get that surplus back.  I’m sure there will be more to come on this.

TixMob Launches in UK – New Way to Buy Tickets for Events

June 19, 2007 /

An old friend from Manchester sent me news about his company, Tixmob, this morning. Here’s a synopsis:

http://www.tixmob.com/ Is a new concert ticket agent, just like Ticketmaster and Seetickets we work directly with concert promoters and event organizers to sell tickets on their behalf.   Unlike Ticketmaster, Seetickets etc.. A Tixmob ticket is paperless. Upon purchase it is sent to your mobile phone in the form of an sms message with a bar code. When you get to the event the ticket taker will scan the ticket with our scanner to prove it’s valid and it hasn’t already been used. So ticket touting/scalping is more difficult, you’ll probably get in faster since, for a while at least, we’ll usually have our own que.   A big complaint people have about ticket agents like Ticketmaster is all the crazy fees they stick on top of the ticket price. Generally Tixmob will have a booking of 10% of the tickets face value. As some extra incentive for people to try the product, we’ve reduced booking fees on our first few events to as low as 2%.

While it appers to be UK based for now, the US possibilities seem far reaching as well.  I would assume sports teams would love the anti-scalping features.  Anyway, something to keep an eye on.

Lumosity – Something to Play With

June 14, 2007 /

I will take the leap and say that a small company called Lumosity falls into the world of Marketing.  For, positioned one way, Lumosity would simply be entry #3.2 billion in the category of "Ways to kill time online when you should be productive."

But instead, starting with the tagline of "Reclaim Your Brain" and extending through the core messaging, Lumosity is much more than a nice looking version of any casual games portal.  According to their literature, I will actually get SMARTER by spending time on their site. The multi-layered exercises and puzzles are designed to actively stimulate regions of my brain that have gone neglected, enriching my overall intellectual capabilities. 

So far, I don’t feel smarter, but it has kicked my paranoia level to an all-time high, as I wonder if I am simply a pawn in someone’s giant marketing copywriting experiment.  But, I have succumbed to sucker status, and the exercises are fun, so we’ll see where this gets me. 

When You Start to Believe We Are Not Surrounded By Lunatics, Please Refer Back Here

June 10, 2007 /

I’ve been doing some political research for a little project that I hope will launch very soon.

But it’s given be the opportuity to read blogs written by supporters of particular candidates.  And every once in a while, I run across someone so out of touch with reality, you have to think they could bring down an entire campaign just by being a loud, lunatic supporter.  If you were a Brownback campiagn strategist, how do you approach this nut job and say, "Look, we appreciate the support, but Shut the Hell up!  You’re killing us!"

Here’s the loony in question.  Never have a I seen such a well thought-out and researched blog post that contains such ridiculous conclusions from the data in question.

This Company has a Marketing Budget

June 6, 2007 /

Because the blog entries here revolve around marketing, with a little start-up stuff thrown in, I’m pleased to find what could be the stupidest product of all time.  But these guys not only have a marketing budget – enough to advertise in Google Mail – but a Google Page Rank of 4, making their dumb product’s web site 100 times more important than this blog.

Here’s the tagline:

"The Safe Banana Guard will fit most bananas & give protection during your journey."

Yes, apparently there is a market for a product that’s specific job is to protect a banana.  And, the company is funded.

Not only does this product exist, it comes in 9 colors.  Because this is a family blog, you will notice that I am refraining from any jokes that could easily float their way to the surface from viewing the order page.  It’s not for a lack of material or imagination, I promise.  Just sometimes the fruit is so low hanging, you want to let someone else pick the tree.

I think possibly my favorite part is that they have a section called, "Testimonials."   Come on… Seriously?  Testimonials?  Doesn’t something called ‘SafeBanana" speak for itself at this point?  Do you really need to read a quote like, "Dude, this thing like totally protected my banana.  I know it’s called SafeBanana, but I didn’t see how it could be possible.  Now, I’m a believer."

Anyway, as a public service to all you people who have suffered and survived banana trauma, I bring you SafeBanana.  Please use responsibly.

The Danger Side of Decentralizing Your Campaign Supporters

May 27, 2007 /

Politics 2.0 is great!  Supporters spreading the word – for free!  Blogging all over the internet- for free!  Emailing their friends – for free!  Generating online campaign donations! Planning campaign fundraisers for both you and the opponent of someone in your own party….WHOA.  Hold on….

Turns out the Obama campaign is the first one to face the inevitable issues that are going to come from letting all the genies out of the bottle at once.  Originally published on Roll Call, but also found on Georigia Politics 101:

Alarm bells were sounded briefly within the Congressional Black Caucus this week when word spread of a fundraiser benefiting both the presidential campaign of Sen. Barack Obama (D-Ill.) and the Republican opponent of Rep. David Scott (D-Ga.).

What? Why would Obama be raising money with a Republican, and one who is seeking to knock off one of his fellow CBC colleagues to boot?

Turns out that the event, a 5K run/walk with a registration fee ranging from $30 to $35, was not sanctioned by the Obama campaign — which sought to put the kibosh on it as soon as the Senator’s advisers learned about it.  It was organized by a grass-roots supporter in Georgia, who also is a backer of Deborah Honeycutt (R), Scott’s challenger. The plan was that 85 percent of the proceeds from the event would go to Obama and 15 percent to Honeycutt, who garnered 31 percent of the vote against Scott in 2006 and is running again in 2008. The event was linked through my.barackobama.com, the campaign’s grass-roots networking Web site that allows supporters to share planned events…

"They’ve already asked them to cease and desist," Davis said. The campaign never received funds tied to the event, which was scheduled for a TBA date and location. "It’s not anything the Obama campaign had to do with," Davis added.

A relatively small deal, but when so much power is transferred from a central campaign headquarters to the blogosphere, well, look for a whole lot of interesting anomalies and headaches for the campaign team.  Just like anything, all the positives are going to come with a cost…

Incidental Marketing

May 16, 2007 /

Hot Tipper "G$" sends across this link about Incidental or "Accidental" Marketing.

The AP article entitled "Giuliani Apologizes to Farm Family"  chronicles the media debacle caused when a Giuliani staffer mistakenly accepted a fundraising opportunity from an Iowan farming family, the VonSpreckens, and then cancelled it when they realized it was going to be a waste of time.

In the end, Giuliani turned the negative into a plus, spending 2 hours with the farm family out in eastern Iowa.  The little weekly Eastern Iowan newspaper, the Anamosa Journal-Eureka, seems appeased as well.  So it now seems everyone in Mrs. VonSprecken’s sewing circle will go vote for hizzoner.

So a couple of angles to take here: 1) Interesting that the Anamosa Journal-Eureka could contribute to a national headache for a Presidential hopeful.  2) From a marketing standpoint, every negative PR opportunity is a chance for a greater positive one.  But I’m shooting for #3) Can we finally admit that Iowa has WAY too much influence in the presidential election?

Iowa is a non-border state that does not have any oil wells, coal mines, steel refineries, automotive factories, technology leaders, entertainment hubs, travel destinations, world reknown universities, innovative medical research facilities or major population centers.  It has corn and farmers – lots of both – so there is some impact on agriculture.  And it home to the evil insurance companies and a number of banks.  But if you had to pick the most irrelevant states on an influential level, I would have to throw them in the Top 2 or 3 along with South Dakota and West Virginia. 

So the fact that the Iowa Caucuses force a Republican hopeful to cater to the damn VonSpreckens of Olin, is a complete joke.  In the several thouand hours Giuliani has left to spend with influencers, I want him meeting with tech leaders, defense specialists, cultural experts, social welfare pioneers and economic visionaries.  I want him spending as little time as possible with Grandma VonSprecken and people who will vote for him because he’s a nice, honest young man. 

Let’s let influencers influence, and let the followers watch what happens on TV. 

 

Mobile Marketing Hits Presidential Campaign

May 14, 2007 /

MocoNews reports that Hillary Clinton will add mobile marketing to her campaign promotion arsenal.  The article states,"“Clinton’s text-messaging initiative targets the 230 million American cellphone users – a sign the campaign is hunting for every possible vote in her bitter battle with rival Sen. Barack Obama. It’s only a matter of time before campaign ringtones are sold."

Overachiever….

April 28, 2007 /

Not sure how I missed this last week.  And I’m not sure if this makes me feel inadeqaute or just dumbfounded.  According to sources, including FoxSports, Lil Romeo, the youth rapper and son of Hip-hop mogul Master P, is now going to play basketball for USC. 

The kid is 17.  His life to date includes the following accomplishments:
– The son of a record mogul worth $225 million
– A young hip-hop artist with several CD’s and concert tours
– And now, he’ll be a guard on a top 25 college basketball team.

Hello perfect life. 

Plus, I give him a huge amount of credit because you never see his name listed next to Lindsay Lohan, Paris Hilton or Nicole Richie. 

Can we look 30 years ahead and predict that this kid is going to either be the President of the U.S. or the guy backing the President?  Legacy, music, sports – with what is sure to be a future in film, TV and more.  This kid is obviously no dummy, and his father has certainly proved himself to be highly intelligent. 

What an exciting future this guy has in front of him.

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