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2. Think Week. The
Wall Street Journal ran a fascinating article about Bill Gate’s
bi-annual, week-long, solo retreats in a remote cabin. He spends the time
reading dozens of white papers written by Microsoft employees about the
possibilities of emerging technologies. The retreats help him map the
direction of his company. I’m not the richest man in the world (sad, but
true), but I, too, find that working retreats are incredibly beneficial
for my effectiveness. The combination of quiet and solitude really
encourages breakthroughs and new ideas. If you can’t get out of the office
for too long, a “work at home” day can offer a similar respite from the
harried pace of the workplace. Try it and see if it helps you think
outside the “office.” 3. Fax Facts. Fax machines, long declared obsolete by the gurus of the paperless society, are making an apparent comeback. According to The New York Times, 1.5 million fax machines were sold in the U.S. last year; an additional 500,000 if multi-purpose machines are included in the figures. Though this is down from the fax machine sales peak of 1997 when 3.6 million machines were sold, demand has apparently been rising. The fax has its niche, namely documents requiring signatures including prescriptions, contracts, and business proposals. The important point to understand here is the power of niche economics – if you provide a service that people need and you do it well, you’re safe from obsolescence. Printing, I believe, is just such a niche. For more Information click here. 4. Print This. According to TrendWatch Graphic Arts, over 70% of graphic design firm’s work is for print. Web design accounts for only 12%. It’s been said other places, but I really think it’s true that design firms can be a critical link to new business. For starters, they appreciate beautiful print and craftsmanship and so are less likely to be exclusively focused on price. Secondly, they are conduits to emerging companies who can potentially become long term clients. Finally, they’re open to new ideas and new capabilities. For more information click here. 5. Postal Power. With a postal reform bill introduced to Congress on March 18, the USPS is getting a lot of industry press. Proof of the value of mail came to light when results of the Mail Moment Study were announced at last week’s National Postal Forum in Nashville, TN. Findings included the following: 98% of consumers bring their mail into their homes on a daily basis, and 77% sort it immediately. Consumers who receive catalogs represent 22% of a company’s website traffic and 37% of the company’s online sales. Finally, recipients spend an average of 30 minutes with catalogs. In similar news, Dr. Joe Webb says 99% of first class mail reaches its destination. Email, by comparison, only reaches its destination between 43% to 99% of the time. These findings make it clear that direct mail remains a valuable marketing strategy. For more information click here. For past issues,
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