Late yesterday afternoon Market Watch posted an article on the success to date of the film Fireproof. The article begins by rattling off a number of statistics that, in general, show Fireproof as a hit. Adding to its theatrical accomplishments, The Love Dare, the book featured in the film, has held steady for two weeks in the #1 spot on the New York Times best seller list (paperback – advice).
Having seen the film multiple times in a variety of states prior to its theatrical release, I have yet to actually purchase a ticket and view it in a real theater with a real audience, but through the grapevine, I’ve heard numerous stories of friends and co-workers being tremendously affected by the movie. So much so that some have told me they have gone straight from the theater to the bookstore to purchase multiple copies of The Love Dare. And while I was at Mardel this past weekend, a reporter from the Colorado Springs Gazette called to speak with the manager about the book’s strong sales and how to best position an article about it.
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Mike Hockett is CBA’s Training & Development manager. He has more than 28 years of experience in the CBA industry, and he manages the CBA Consulting Program. For more information about how you can apply the principles Mike mentions below, send him an email.
You know how sometimes you buy a business book, read it and find it to be so boring that you fall a sleep every time you see its cover. Well, that’s the way it was when I first read The Long Tail by Chris Anderson. Chris actually does a great job of explaining the Long Tail and illustrating some facts to back it up. For those of you who are Long Tail addicts and really understand everything that Chris says in his book you may find what I have to say elementary. However, I do think it follows much of Chris’s application in his more recent book, Long Tail, the Revised and Updated Edition: Why the Future of Business is Selling Less of More. For those of you who sell books and especially Christian books, I think you will find what I have to say interesting and beneficial.
Here is my short take away and application of Chris’s book. There are many more products available over the Internet than are available in a retail store setting. This availability of additional product is called the Long Tail. If a retailer can identify this product based on customer demand and have it in-stock when the customer wants it, you have a sale – a sale that you would not have unless you carried the product in-stock. When you do not have this product in stock, guess where your customer goes to buy it? You’re right the Internet. It doesn’t take this old retailer long to figure out that Long Tail product is worth finding and selling. After all it is usually product that you can make full margin on and you don’t have to carry large quantities. I am selling less of more.
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