Business News & More 2 September 2020

We've been busy grinding it out today...so much going on that this is the "Late Edition" of the business news...we usually try to get this Business News Image out before 5PM Central.  Here's what's on tap for today:

  • Google and their new planned community;
  • More airline job cuts;
  • Remember when politicians were afraid of the deficit;
  • More companies embrace "working from home";
  • Eviction due to COVID19? Not so fast...
  • The Wall Street Report
  • Is smaller...bigger?  Ask Macy's.

Those stories plus a really neat conversation with Rachel Trainum of Tero International. Not long ago Rachel was a summer intern at the company. Today she not only oversees the corporate marketing and communications but this year was in charge of the new crop of interns who, according to Rachel, did some amazing things. 

Thanks for listening! 


The Business News Headlines 16 March 2020

Hi...and thanks for clicking through.  We're trying something different as we expand Insight on Business the News Hour now on sevenInsight-on-business-news-hour outlets for the podcast and each week on News/Talk 1540 KXEL in Eastern Iowa. This is a quick test of loading the news here, right on the blog for you to click and hear.  On tap today:

  • The Fed action on rates did nothing to calm the markets and why;
  • Toilet Paper, Water, Guns and Ammo: "We've got to be ready.";
  • New directives from the White House on crowds;
  • Lenders and re-finance troubles;
  • Oil and Gold take a beating;
  • Airlines seek billions in assistance;
  • Restaurant workers are on their own;
  • The Wall Street Report;
  • The NFL deal is in.

To hear these stories just click on the audio link below.

IOB 16 March 2020 News

Thanks for coming by! And:

You can subscribe and get this each day on Google PlayPlayerFMPodbeaniTunes, SpotifyStitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday at 2pm on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour. 


The Business News Headlines 13 March 2020

Those of you who know us know that we've been the engine behind Insight on Business the News Hour for the past ten years. Born Business News Image out of a lack of anybody else doing it we created this platform to report on the major business news stories of the day and share it with thousands of people worldwide.

Today, we're trying something different and posting the newscast here as well as our Radio Blog. Just to see if you're interested.  Here is what you can expect today:

  • While the markets rebounded there is that "testing" thing;
  • Businesses are starting to trim staff;
  • Movie theaters are getting creative;
  • Bidet (What??) sales are shooting up;
  • Fiat Chrysler shutters a plant;
  • Small businesses are being impacted;
  • The Wall Street Report
  • Soccer and wages;
  • Plus we usually have Jeff Pitts from Cityview with "Stuff to DO". Today that changed.

Thanks for listening!


Those Podcast Download Numbers...

Over the years we've seen the number of "downloads" for Insight on Business the News Hour continue to grow. From a couple of hundred IoB image seven years ago to several thousand today. Of course we're on seven different podcast locations...so that helps.

But, here is the surprising number: 14%

According to Apple only 14% of the podcasts on that platform are "downloaded" the rest are "streamed". It's a pretty stunning development and one that we should have noticed because nearly all the platforms we're on allow our listeners to stream as well as download. 

In addition to that bit of news we also allow listeners to stream from our Radio Blog that comes out each day.

The bottom line here is that metrics can be tricky especially when there are multiple ways in which to access content. So, maybe the correct answer to the question, "How many listeners do you have?" might just be..."Lots!" 

Thanks for reading! 


Random Marketing/Advertising Thoughts

Every so often stuff happens that business people need to better understand when it comes to marketing and advertising. Here are just two items that should get you to think about your approach to consumers. Pepsi bottles

Pepsi Wins

Even in light of downward pressure on Wall Street Pepsi this week posted some impressive gains as the company posted third-quarter gains that beat expectations. Analysts had expected revenue of $16.93 billion however Pepsi turned in revenue of $17.19 billion. What does the company say contributed to the unexpected increase in revenue? Advertising. Pepsi CFO Hugh Johnson said, “The increased advertising that we have is causing consumers to shop us more aggressively, and our customers are rewarding us with that [grocery] space because they know that we can help them grow."

Yeah....advertising.

Podcasting

Podcast MicRemember when people said social media was a fad? Sure you do. I remember traveling around the country giving presentations about the power of social media and many times attendees came up to me and told me, in no uncertain terms, "Social Media is going to go away. It's a fad and we'll get over it."  And, to be honest there are still some folks out there who believe that...even though social media platforms continue to grow.

Now it is podcasting that some say is a fad. However, consider this piece of news: "The Interactive Advertising Bureau/PwC forecast predicts $678.7 million will be spent by advertisers on podcasts this year. And revenue will top $1 billion in the next two years." And that, my friends, comes to us from the publication Inside Radio.  So if radio is paying attention to podcasting...shouldn't your business?

Marketing and Advertising thoughts...it's what we do...every day.  And, if you want to check out our Insight on Business the News Hour podcast you can find us on your favorite podcast platforms:  Google PlayPlayerFMPodbeaniTunesSpotifyStitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday at 2pm on News/Talk 1540 KXEL.

Thanks for reading...now go sell something!

 


Think Before You Launch That Podcast

Last week I had the opportunity to speak at a Lunch & Learn for the Carlisle, Iowa Chamber of Commerce about effective communication. Man Thinking How the vast majority of what you "say" isn't as impactful as your visual and vocal skills...or lack of them. It's true. While we might like to "think" content is king in communication in reality that content amounts to only 7% of your ability to connect with your audience...be it one person or one-thousand.

So, where am I going with this?

Think...Podcasts.

Every day an individual or a company launches their podcast often without really thinking about the two items that truly impact a listener: Visual & Vocal. Now, it's true that with an audio podcast visual can often be taken out of the mix unless you, as we do, incorporate some video teasers as to the content.

That leaves the impact of your vocals. At the Lunch & Learn an attendee asked this question, "What if you are not a trained broadcaster or public speaker, what are some of the hardest things to overcome?"

Great question. 

We talked about the use of "filler words" and vocal inflection and projection. Which brings me back to podcasting.

Mobile Studio in Mobile 2019This week three new podcasts came to my attention. When things like that happen I like to click through to listen...just to hear what others are doing in the podcast world.  All three of these new podcasts we're created by fairly large companies and/or non-profits and they were all...awful. Using the formula regarding Content, Visual and Vocal each of these new podcasts missed in the two most important categories with "vocal" being really bad.

Podcasting is the new cool way to connect but if you fail to think it through and your work sounds like you recorded it over a speaker phone...you are done. Stick a fork in it.

So, before you launch here are just a couple of tips: (Image is of our "mobile studio")

  • Get A Good Microphone - There are loads of options available. If it is just you or one other person you can get by with a USB mic like the one I use. It's the Blue Yeti and the quality is superb...broadcast quality. It allows you choose several options from picking up the entire room to picking up one voice direction or two. Here is a link to Blue...we love their products and their service is top notch.
  • Microphone Tip Two - We do a ton of remote recordings so we invested in some great equipment that we can take with us. Now, you may not be moving around but you might consider, if there are multiple people on the podcast to get mics and a recorder that can handle several inputs.
  • Recording Device - When on the road I use a Zoom H4nPro for my recording. Simple to use and set up and the quality is amazing. It has two microphone inputs and you can also record using the built in microphones but, for podcasting get a couple of good mics. It's worth the investment. Here is a link to my favorite audio/visual store that has great service B&H New York City. And they have dedicated professionals in each area so you can ask your questions and some smart people will be able to answer them. 
  • Microphones - I use the Audio-Technica AT8004L for my remote recordings. I like that the mic body is a bit long. When using just one for a quick interview, rather than a "sit down" conversation I think my subject appreciates that my hand isn't in their face. You can pick those up at B&H as well
  • Post Production Software - We've used the open source Audacity program for years it's easy to learn and you can add so many touches to your podcast...like a pro. Here is the link to Audacity. Yes, there are more expensive programs out there...but for our use this has worked just fine. And, remember we're also sharing our podcasts on various radio broadcast outlets.
  • Visual Use - Make sure you take a photo of your podcast session and identify the people involved. It helps create a human touch. Likewise create a logo for your podcast so people know what it is that you are doing.
  • Plan & Be Informative - Sure you can have fun with your podcast...we do a weekly piece about "Stuff to DO" with our friends from Cityview Magazine but the majority of our news and interviews are things that many people simply don't know about. So plan your work to be informative.
  • Know When to Stop - People listen to various lengths of podcasts. We've found, over the years, that for us the best length of our interview segments is between 16 and 20 minutes. Anything over that and we create a Part One and a Part Two. 
  • Share Your Podcast - We recommend that you be active in the social media world. If you simply post to your company website it's highly unlikely others will find you. Get social and watch your work get traction. 

I truly hope some of this helps. But, if in doubt let us know. We're more than happy to answer your podcast questions.

Here is a LINK to our Radio Blog for Insight on Business the News Hour so you can get an idea of what we do...there.  

Thanks for reading! 


"Podcast? What?"

My bet is that just five years ago that would have been the response of many who had never heard of a "podcast". Today it's so much different. Today, according to a recent survey of 16 to 64 year old internet users, 39% consume podcasts each month. Here is that data.

That's a big number and it continues to grow. The reason? Convenience. Online Content Use July 2019

And, that is why more and more radio stations are starting podcasts. You read that correctly. radio stations starting to do podcasts.

It's all about the time crunch that faces everybody. No longer do you have to sit and wait for the news or information. You can subscribe to a podcast and get it delivered to your inbox on your time. And if the host is knowledgeable and engaging so much the better.

One other quick fact. We're seeing more dollars being spent advertising on podcasts. Back in the day when FM radio started I remember sales people having to carry a small portable radio to clients so they could prove to them that FM radio existed. No, really! Today it's podcasting. People who are not informed about the power of podcasting are having to learn a whole new way of advertising their products/services.

On a podcast the traditional thirty-second "ad" doesn't work like it does on radio or TV. Listeners want what they want and don't wish to wait through several minutes of commercials. So the savey podcaster knows that embedding the message into the stream makes more sense.

IOB LOGO BWOne other thing about podcasting is quality. The quality of the audio is critical to a successful podcast. If the podcaster puts out lousy
audio that distracts from the content all is lost. It's one of the reasons professional audio and those who are experienced in audio seem to have better response to their efforts.

We've been in the podcast space for over 10 years starting with something that was way ahead of it's time at WebcastOne Live to our current business news podcast, "Insight on Business the News Hour". Sure it's about business and it's not as sexy as a murder mystery or a political rant...but's it's effective and it seems to deliver content that is appreciated while also garnering financial support.

Podcasting...yep...it's here to stay.

Thanks for reading. 

  


Twitter for Business - It's Frustrating

This summer marks the 10th year our agency has been doing Insight on Business the News Hour a daily business newscast which first Ben McDougal MPL Feb 8 2011 appeared on the web, moved to terrestrial radio and now is a combination of both radio and podcast. (Photo from 2011 with a younger Ben McDougal from our studios at Webcast One.)

During that time I've interviewed thousands of business people about the who, what, where and why of their business. Each long-form interview is then placed on our Radio Blog and shared across several social media channels multiple times over the course of several weeks or months...depending on the story.  We also send out the interview link along with a one-page "How To" so our guest can then share their story on their own social media channels.

In other words, we have a long and proficient history when it comes to social media, especially Twitter.

I tell you that because, over the years, I have searched for and found hundreds of Twitter Profiles connected to the businesses we've featured. We do that so we can link our story to their feed and help them get more traction.  

Man ConfusedHowever, more often than not, those business Twitter feeds have been abandoned or, worse, so sparsely cared for that I see one or two Tweets a month...if that. And, what is even more incredible is that even if our guest has a fairly active Twitter stream they may fail to retweet their own story and the content we have freely created for them.

Often I'll reconnect with a business we've profiled and ask the question, "I see that while we've shared your story a dozen times on Twitter over the past two weeks and tagged you. Yet, your Twitter stream has never carried your content. Can you tell me why?"

Crickets.

They don't know. Or worse yet I get, "Gosh, I'll have to ask our social media specialist about that..."

In other words they simply don't understand the power of Twitter. They may have relegated it to an outside source or have an internal person who simply doesn't understand how the platform works. Finally, I believe, they think..."Hey, it's free. How valuable can that be?"

It's frustrating.

Business has, in front of them, their own media company that, if they work it, can pay huge dividends in the form of referrals and sales and building a positive brand.

It's time to re-tool your thinking. Let's start with this piece, "Giving Up On Twitter" from 2015. 

More to come....

 

 

 

 

 

 

 


Some Hiring Help

Last week on The Business News Hour we had a story about jobs. The Labor Department says there are now 1.5 million more open jobs Hiring Use then there are unemployed people. To put that in context let's say there are 6 million unemployed people in the U.S. yet there are 7.5 million open jobs.

Our business is based in the Des Moines, Iowa Metro where the current unemployment rate is hovering around 2.3%. I am told, by the folks at the Greater Des Moines Partnership, there are 17,000 open jobs in the Metro. Again, just not enough people...

Everywhere you look you see "Help Wanted" signs. HyVee, a chain of over 237 grocery stores in the Midwest, went out and bought flags to plant in their parking lot to announce the obvious. Over the past two years I've watched as B'Bops, a locally owned hamburger chain, has changed their help wanted sign to promote higher wages. Two years ago the sign said $8.00 an hour. Today the sign reads $10 an hour.

Last month there was a high-powered forum where experts weighed in on the employment troubles and offered up some suggestions regarding not only recruitment but also retention.

One of the things that is missing from the discussion is something called "passive recruitment". That's where you use media to target not only your "help wanted" message but also, at the same time, polish your brand. You can use a host of mediums radio, podcasting sponsorships, podcasting, video and social media to do the same thing. 

What is cool about passive recruiting is that word spreads. You may not hit the person who is actively looking for a job but your message may be heard or seen by a family member who then says, "Hey, did you see/hear that Weasels is looking for workers. Sounds/Looks like a great place to work."

Here's a sample, click to listen.

Recruitment Audio June 2019

It's really that easy but, does it work?  I have a friend who works in this field and he has been successful for years. The key is to let people know how really great your business is and then pitch the idea of working there.

Building your brand while building your bench is simply a good stratigity. 

 

 

 

 


Five in 24 - Five Things to Re-Brand & Sell More Stuff

For several years I've offered up a seminar on "Five in 24 - Five Things Any Business Can Do in Twenty-four Hours to Re-Brand and 5in24_LogoSell More Stuff".  It's been the most requested piece I do. Has it changed? You bet! Each time I go out, as I just did with the New York Press Association Annual Meeting, I refine it to match the needs of the audience I'm speaking to.

And, that is one of the Five Tips that is included in "Five in 24"

Know Your Consumer

It doesn't matter if you are selling a product or a service the basic metric of success is knowing your customer base. That's why, before I head out to do a presentation I adjust the guts of the seminar to match the needs of the people I'm speaking to.  For example the publishers and editors of the New York Press Association are struggling with new ways to connect to their readers outside of the printed product. 

To be sure the community based newspapers that are represented by the NYPA are doing pretty well. They are not daily papers but hyper-local papers that laser focus on their town, city, community. That they've got. But, what other things might they use to connect with their target audience?

Podcasting

Mobile Studio in Mobile 2019One of the new additions to "Five in 24" is Podcasting. I've been in that space for over ten years, long before it was considered cool and when it seemed like you were "talking to yourself". But today it's a thriving media option for busy people who may not have time to sit down and read. Want to check us out? Here is the Radio Blog for Insight on Business the News Hour

And so, I tailored my presentation to reflect that reality. Was it well received? Yes...and while the reviews are not in I'm confident that I was able to peel back the onion a bit and introduce them to the power of podcasting.  

The bottom line is you must know who your target customer is, where they hang out, how they buy what they buy. Once you've got that down all you need to do is create a story to move from "customer" to a lasting relationship.

Thanks for reading!