Posts tagged as:

energy

The cheapest food in the world

by drm on July 5, 2010


I was struck the other day by the observation that the start of our current recession was sharper than the Great Depression and that the steps taken by governments around the world to provide financial stimulus helped to moderate the decline.

That observation got me thinking about how different the images of this recession are from the images of the Great Depression.

The New York Times had a long article in the Week in Review section this week that captured some of the underlying difference.

A great many people have lost faith in powerful institutions, from Congress to Goldman Sachs. Yet beneath the bitterness coloring national affairs — down at the level of neighborhood, family, coffee shop, tavern — a tenuous belief in the collective good remains, perhaps moderating national dismay.

I don’t think that the Times article intended to demean the level of suffering and pain that individual people a experiencing during this downturn. But they captured something of the zeitgeist that I experience as a I travel around the country. People are carrying on, often with a tremendous amount of energy and a degree of mobility and connectedness that is unmatched by any time in our history.

That perspective made the chart above particularly powerful.

One dramatic difference is the relatively low cost of food in the U.S. compared to other places in the world. The affordability of food is driven by diverse factors, including vast natural resources of our country, federal subsidy programs, efficiencies in distribution and innovations in preservation.

And compared to other countries, there’s no other place on the planet that has cheaper food than the U.S. (2008 data here). The 5.5% of disposable income that Americans spend on food at home is less than half the amount of income spent by Germans (11.4%), the French (13.6%), the Italians (14.4%), and less than one-third the amount of income spent by consumers in South Africa (20.1%), Mexico (24.1%), and Turkey (24.5%), which is about what Americans spent DURING THE GREAT DEPRESSION, and far below what consumers spend in Kenya (45.9%) and Pakistan (45.6%).

When you don’t worry about where your next meal comes from, you can afford to feel optimistic and energetic. The relatively low cost of food in our country is an important element in keeping that positive viewpoint up

  • Share/Bookmark

{ 1 comment }

A couple of months ago, Adam Japko and I sat down with two of our top editors to discuss the impact of social media sharing on the traditional magazine editorial workflow.  The conversation was stimulating and I thought it would be useful to share some of my notes, since the observations from the meeting form a practical framework for implementing a content-sharing model within a traditional magazine team.  (For background on the content-sharing model, you can see this post from last year.)

Diane Carroll is the editor of At Home in Arkansas and Clint Smith is the editor of Atlanta Homes & Lifestyles. Both have been at the forefront of integrating social media sharing into the day-to-day routine of their magazines.

The work of their teams has contributed to significant increases in web and Facebook activity around the brand.

Our conversation focused on what changes were necessary to execute the social media sharing and about what impact the sharing has had on their market presence.

The Conversation:

Diane opened the discussion by talking about how expanding the social media channels for At Home in Arkansas has changed the way she thinks about people and projects in her market.

She related an example where she was talking with a design resource in her market who wanted to get coverage in the magazine.

In the past, a limited inventory of editorial pages would have prevented her from giving this resource coverage, Diane shared.

With the addition of social media channels, there are multiple ways to share information about this resource with her audience: creating a blog post, doing a Facebook update on the fan page, and, in this instance, inviting the resource to do a guest post for the At Home blog. The resource came through with “a really great post,” Diane shared, that was interesting and useful.

The social media outlets that At Home and Atlanta H&L have developed are big benefits, Clint and Diane agreed, creating an entirely new way of distributing information, creating an interactive and energetic face for the brand and building their brand presence broader in the market. A simple act like updated the Facebook fan page keeps people very engaged, they observed.

The key to integrating social media into the overall workflow is improved long-range planning and execution of the editorial calendar.

Clint and Diane are experienced, seasoned editors, so it was interesting to discover that both of them had created the bandwidth for executing their social media programs by leveraging and improving their execution of an old magazine tool – the editorial calendar.

The focus was two-fold: improving the execution of the long-range features in the magazine editorial calendar, so that they weren’t racing to get pieces finished right at deadlines; and creating an editorial calendar for the social media content, so that they had a clear expectation of what work would get done when by whom.

The first task was to improve upfront planning. Both editors said that their upfront planning and execution on the print issue had improved as they had increased their social media activities. Without being explicit, it was clear that both Diane and Clint had used improvement of the existing processes in order to create the time resources needed to execute their social media plans.

The second task was to make the social media activity more routine. This required taking the same planning approach to social media as was used for the print issues.

Both At Home and Atlanta Homes & Lifestyles have created weekly social media content schedules.

These schedules are designed to achieve several goals:

  • Share all of the content in the issue through the social media channels;
  • Keep a regular flow of content on the brand blog and Facebook pages;
  • Increase interaction with other bloggers in their topic area and market;
  • Increase engagement with the community around their brand.

At Home has structured is weekly calendar around topics:

  • Monday: General post
  • Tuesday & Thursday: Share content from the latest magazine issue. This can be a Room of the Week, or a fashion segment, or a design project.
  • Wednesday: Recruit a guest blog, typically from someone who has been featured in the magazine;
  • Friday: Friday Favorites, a list of links to other blogs and comments that the staff found interesting during the previous week.

Altanta Home & Lifestyle has addressed the structure of its social media sharing by assigning a specific day of the week to different members of the content team. On that day, the team member is responsible for sharing something of value and interest on the blog and the Facebook page

This “staff blogger” schedule has helped to take the anxiety out of trying to make sure some content is being created each day. It also has the benefit of being predictable for the online audience; over time, a reader will notice that one of their favorites posts every Thursday, for example.

Creating a social media schedule shifts the focus and energy of the content teams, both Clint and Diane observed. One change is that the teams begin to look to other bloggers more. They’ve discovered that bloggers have an identity in the market much like top architects and interior designers. By bringing the bloggers into the umbrella of the brand, it increased the magazine’s presence.

Our discussion closed with some observations about the impact of social sharing on the market.

Clint and Diane commented that the “sense of connectedness” was  different. Things are more interactive: they get comments and ideas from a community that is enormously positive.

As editors, they are seeing more and more overlaps among the ways that they distribute information, and are thinking about new ways to integrate things.

In order to continue to draw benefit from this social sharing activity, the editorial teams would benefit from increased access to the results that they are driving, both in terms of audience to specific posts and sections of the web site, as well as the relative value of this audience to any advertising customers.

In the future, the editorial and sales teams will also need to coordinate the amount of audience that needs to get driven into specific sections of the web site and towards specific customer groups, so that the potential number of conversions to client activity is lined up with the expectations of the clients.

Conclusion:

An editorial team needs to implement four steps in order to increase the consistency and effectiveness of their social media sharing program.

  1. Assess and improve traditional planning and workflow:
    Many editorial teams can create incremental time by being more structured in their long-range planning and in creating their larger features with a longer lead time.
  2. Set specific monthly goals for your social media content
    1. Feature magazine content in individual posts
    2. Guest bloggers
    3. Featured blogs and comments
    4. Online-only features
    5. Community engagement
    6. Traffic/audience
    7. Fans
  3. Set up a weekly content plan
    1. Establish a social media content schedule
    2. Assign specific elements or days to individual staffers
    3. Communicate content schedule to entire team
    4. Have monthly meeting to review social media assignments and results
  4. Track results & feedback
  • Share/Bookmark

{ 3 comments }

Facebook, Google & the Negative Option

May 10, 2010

Every marketer knows that the negative option is your friend: it increases response, renewals and profits.
As a result, the negative option can turn into a hiding place for the unscrupulous marketer. The technique can be deployed in a technically correct way, but can be so cynical about the energy and intelligence of the average [...]

  • Share/Bookmark
View Comments Read the full article →

Marking the start of a new generation of women in leadership

April 26, 2010

We’re at the cusp of an amazing cultural shift: the majority of women under 40 within 10 years will be better educated and better paid than men of equal age.
That means that the role of women‘s advocacy organizations in business is not only to strive for equality; it’s to help women prepare for the [...]

  • Share/Bookmark
View Comments Read the full article →

Three guidelines for business clarity

April 13, 2010

Image by niallkennedy via Flickr

A few weeks ago I read an article in the McKinsey Quarterly that used observations from behavioral economics to recommend simple guidelines for marketers. The conclusions were striking in how strongly they resonated with our thinking about how we approach our products and markets.

Make a product’s cost less painful
Don’t overwhelm [...]

  • Share/Bookmark
View Comments Read the full article →

Some economic reasons why we don’t need to keep looking over our shoulders.

April 9, 2010

I was reminded this week of a primary premise in evolutionary psychology: we’re genetically programmed to emphasize information about danger and minimize information about pleasure.
This is a gross simplification of interesting science, but is a useful overlay to the confluence of economic statistics and contradictory commentary in recent weeks.
In today’s New York Times, the [...]

  • Share/Bookmark
View Comments Read the full article →

The three rules of effective real estate marketing

March 29, 2010

Real estate agents and brokers are faced with more choices — and more contradictory claims — than ever in how they distribute listings, connect with consumers and promote their brand. Real estate marketing used to be a pretty straightforward activity; now, it can consume big chunks of a realtor’s time, energy and [...]

Related Posts with Thumbnails
  • Share/Bookmark
View Comments Read the full article →