What Price Should it Be?
28-Dec-92 09:17:00
Sb: #34883-What Price Should it Be?
Fm: JAN SCHWENK 70053,1702
To: Rich Bowers/OPA 71333,1114
Rich,
Remember when railroads thought they were in the "railroad" business? My
concern is for the publishers, newspaper, OED, or what-ever that can't see
the writing on the wall and that aren't reacting. If they don't move with
the times, they will be buried. I'm not picking on them, I want them to
survive, but to get with it and to really fulfill the needs. Some
newspapers are slightly progressive. Some sponsor BBSes, some even put out
CD-ROMs. Most don't. Probably every one of them, even the very smallest
(especially the very smallest?) is computerized. Most use their computers
as tools to put ink on paper. That is like using a CNC Argon laser to make
stone wheels! If the newspapers used their computers effectively (CD-ROM,
communications, etc) they COULD deliver a CD-ROM to everyone's door before
breakfast, not only with all the news (in color, yet), with all the
perspective, with everything cross referenced, and with software that would
get you the specific news you wanted, but also with much better advertising
than they currently offer. (Why not, my own CD-ROM of CD-ROMs will have
advertising on it, and so far, advertisers are EXTREEMLY excited about the
project). What percentage of ads are ready now? The rules of thumb are
that you must FLOOD the market to get a .002 return. In my scenario, you
would tell your Newspaper reading software what you need, what you are
interested in, and what you have a mild interest in. The software would
tactfully solicit new interests (you read about a neat new product in the
news – the computer 'knows' you read that article because you scrolled
through it – so it asks if you want to know where to buy it). Even better,
it places the order for you electronically, EFT's the money, and gives you
direct feedback from the manufacture before you finish your toast.
If I were an advertiser, I would be more interested in results than in how
many tons of ink defaced how much paper.
The networks (cont)