Dee Dee’s Vintage, another Business & IP Centre Success Story

Dee_Dees_Vintage_logoI received a lovely surprise tweet recently. ” Hi Neil! I had a one-to-one with you  couple of years ago. Still implementing your advice – it was great!

It was from Dee Dee O’Connell, the founder of Dee Dee’s Vintage.  And after my blushes died down, I recalled the information advice clinic where we met. In particular I remember being impressed about how much thought Dee Dee had already given to her business idea, and how resourceful she had been.

Dee Dee didn’t have the delightful logo above at the time, or her partner Ian White.  But I was confident she would be successful, with her enthusiasm and expert knowledge of the vintage clothing market place, and her entrepreneurial spirit.

I get a lovely warm glow from being a small part of our success stories.

Below is the blurb from their website www.deedeesvintage.com:

Dee Dee’s Vintage is a brand new online shop, specialising in Americana and classic British vintage clothing. We began life back in June ‘09 as a stall at the Vintage Pop-Up Market at Brick Lane, East London. We can now be found at selected vintage fairs, markets and festivals all over the UK. Check out our blog for the latest updates on our events.

We’re based at The Print House in Dalston, East London – home of Dalston Roof Park and Café Oto.

They are also on Facebook and Twitter: www.facebook.com/deedeesvintage
twitter.com/deedeesvintage

Dee Dee O'Connell and Ian White
Dee Dee's Vintage with Dee Dee O'Connell and Ian White

Trends in the computer games industry

WiiAs part of the Library’s work to engage with the creative industries, my colleague Fran Taylor has been finding out some of the key facts and figures about the UK games sector.  We’d like to encourage games makers to use our collections for inspiration and contextual research and to use the Business & IP Centre to commercialise their ideas. Fran used the Business & IP Centre’s resources to gather it all together, including reports from Euromonitor, Datamonitor and online NESTA reports.

1.    In 2009, the global video gaming market was estimated to be worth approximately $72.2bn. It is expected to grow by 5.1% during the period 2009–14, to reach $92.5bn in 2014. Software revenues are worth 69.4% of total revenues.

2.    The UK video games industry was worth £2.8bn in 2010, which is bigger than its music or film industries.

3.    In the UK, the most popular brands are the Xbox, Sony PlayStation, Kinect and Call of Duty.

4.    Almost one third of all people older than 16 in the UK describe themselves as ‘gamers’ (with an equal breakdown between men and women).  The percentage goes up to 74% for people between the ages of 16 and 19.

5.    One in every two UK houses owns a video games console.

6.    The profile of the industry is changing, with a new breed of games developers working as sole-traders, freelancers and in small companies. Growth is expected at the lower end of the price range, i.e. online and mobile games.

7.    The online gaming segment is rapidly gaining traction and is gradually overtaking the PC and console gaming segments. Business Insights forecasts that online gaming revenues will increase from $13.2bn in 2009 to $25.3bn in 2014.

8.    The global PC gaming market was estimated at a value of $4.5bn in 2009, and is likely to erode to $4.3bn by 2014, posting a decline in of 0.9% CAGR during the period.

9.    Mobile games are the fastest growing segment of the video gaming market, with a forecast CAGR of 14.4% during the period 2009–14. Increasing mobile and 3G and 4G penetration are the key market drivers.

10.    Emerging technologies that are in a much more advanced stage of development include thought-based games, motion sensors, connected TV and HTML5.

 

Effective Writing And Communications with Kimberly Davies and Steve Trister

Kimberly_DavisYesterday I attended another of Kimberly DaviesMarketing Masters days. This time the topic was Effective Writing And Communications and featured guest speaker Steve Trister the creator of Performance Dynamite.

I not sure if Kimberly is a geographer at heart, but the four days I have attended have been located in south, east, north and now west London. I’m not sure where she will go next now we have covered all four compass points.

One of the consequences of moving to a new location each time, is that the rooms often have technical glitches with the sound or vision, or in yesterdays case, both.

Kimberly copes with these challenging starts to the day with an impressive level of  professionalism and humour.

steve_TristerKimberly spoke for most of the day and was excellent, however the highlight of the day for me was actor and business coach Steve Trister the from Performance Dynamite..

He walked to front of the room wearing a doctors mask and mumbled something to. That got our attention. He then asked us to name the number one disease in business. We came up with a range of suggestions, but failed to give the correct answer; Vomiticus Contentinaatum – otherwise known as puking content, or verbal diarrhoea.

I have to admit that working in one of the largest libraries in the world with over 150 million items in our collection, this is a disease I am all too well aware of falling prey to.

The cure to this disease is to make an emotional connection with your audience (of one or more). This of course is much easier to say than to do. So you need to prepare, by building the right mindset.

You need to tell yourself every day that you are already connected to your audience, then you need to mentally rehearse by visualising the event in advance (some of which will be scripted, and some not). This is similar to the way professional athletes prepare for a competition.

You need to be clear on the emotion you want to conjure up, be in state (or in the moment with no distractions), and to commit 100% to the performance.

Steve had investigated the famous research by Albert Mehrabian on non-verbal communication. He found the commonly quoted result, that clues from spoken words, from the voice tone, and from the facial expression, contribute 7 %, 38 %, and 55 % respectively to the total meaning, is wrong, as it it relates only to the communication of positive versus negative emotions.

Our voice is critical to how we communicate to our audience, changes in vocal emphasis (the stress we put on specific words) can completely change the meaning of what we saying. He asked how often do we take note of how we are actually speaking. He explained that our tongues are muscles, so we should exercise them using tongue twisters.

He also covered body language and the use of gestures, and how these can be used to reinforce or undermine our verbal messages. He said we should practice expressing our business activity in the form of charades. This made my mind boggle at how I could show the British Library through mime.

Steve illustrated each of these points with victims (sorry volunteers) from the audience, and guided them through. For the final example he had a professional photographer give an excellent and clear mime of his business.

Finally he said we should find an emotional story that will relate to your audience.

Needless to say Steve used all of these techniques during one of the most engaging and memorable presentations I have ever seen.

You can see a YouTube video of Steve in action, and an interview with Smarta.com.

[youtube=http://www.youtube.com/watch?v=cPrZ2ElG-Yo]

Here are my notes from the rest of the excellent day:

Learn the 20 rules of communication that should never be broken

Kimberly’s no. 1 life lesson;
“You can reach anyone in the world with, seven phone calls or less, saying the right thing.”

Statistics show that 50% of marketing spend is wasted.

Led to the idea for Sarsaparilla – to detox your marketing – Marketing Purification

Definition of marketing
Anything that affects the perception of your company. From logos to staff behaviour.

You are exposed to 4,000 brands every day. So how does your business stand out?

Know your audience
–    Who is your target market?
–    Who is your idea client / decision maker?
–    What motivates them?
–    Profile (gender, age, health, wealth, culture, interests, position, salary, budget, etc)

Then put yourself into their shoes.
–    How can you make their life easier?
–    What is in it for them?

Then find your voice (written language).
–    Who would narrate your content?
–    Think of a character of personality best suited – perhaps Steven Fry for the British Library
–    Who would your audience relate to and want to hear? Admire? Look up to? Believe
–    Imagine their voice each time you create marketing content

Keywords
–    Ten words that best describe your business – For the Business & IP Centre: innovation, inventions, information, support, advice, help, entrepreneurs, business-startup,
–    One word that best describe your business – knowledge

Unique Selling Point
–    What truly makes your business unique – For the Business & IP Centre: The largest free collection of free market research and business information in the world, with expert guidance.

USP
–    You need to be the only…
Misconceptions

Testimonials

Focus on the benefits for your customers
–    List them – information, advice, contacts, training
–    What problem can you solve?
–    How can you make their life easier? – a clearer view of what they need to do to start their business

Key Messages
–    What are the three key things you want people to remember about your business?
o    Business & IP Centre at the British Library at St Pancras central London
o    Free workshops and advice
o    Free access to market research and business information.

  • Branding
  • Professional photos
  • KISS – Keep It Simple Stupid
  • Formula for success and to avoid writers block
  • Navigate
  • Incentives
  • Call to Action
  • Ask questions – keep the dialogue going
  • Relevance
  • The Elevator Pitch
  • The who, what, where, when and how of your business

I still think Sarsaparilla’s elevator pitch is the best I have come across;

50% of marketing is wasted. Sarsaparilla is a marketing consulting and training agency that specialises in marketing purification – the process of detoxing your marketing, protecting you from The Flash, Fluff, and Fakers, and helping you make more money with less.

SquidLondon brighten up a rainy autumn day

emma-jayne_parkes_and_vivian_jaegerSomething of a surprise on my way home tonight to see a full-page advert for our Success Story SquidLondon in the Evening Standard.

Fashion graduates Emma-Jayne Parkes and Viviane Jaeger founded SquidLondon after being inspired by Jackson Pollock. They thought it would be cool to walk down the street, it starts to rain and your clothes turn into a walking Jackson Pollock.

Their first product, the Squidarella, is an umbrella that changes colour as it rains. Developing such an innovative product meant that intellectual property – protecting their ideas – was an essential topic to crack. The pair visited the Business & IP Centre to learn more about how intellectual property applied to them.

[youtube=http://www.youtube.com/watch?v=5zJrVSA_k80]

Squid have now moved to the bathroom with their latest product : ‘Miss Squidolette’ Shower Curtain!

Miss_Squidolette-Shower_Curtain

History in an Hour – another of our Success Stories

History-in-an-HourAfter my post Here’s one we helped earlier – Seasoned culinary courses, I’ve heard from another client of the Business & IP Centre who has gone on to great success.

Even better, History in an Hour is the brainchild of a librarian.

Rupert Colley had the idea ten years ago, but with the encouragement of his partner Annabel and help from the Business & IP Centre, he finally made a success of it.

The value of the idea has now been recognised by international publishing house Harper Collins, who recently purchased the e-book series from the Rupert.

Annabel kindly sent me a note saying;

“… had it not been for the Business & IP Centre, I wouldn’t have had the idea or the confidence to know where to start in registering a trademark for “In An Hour”, which meant that this became also an asset purchase, not just a straight multi-book licensing deal.”

Rupert also sent me a note to say they are having a summer sale. For the month of August 2011 only, the apps are 69p –  iBooks 49p – Nook 99c and Kindle 98p or less.

History-in-an-Hour-wide

HarperCollins Signs History in an Hour Ebook Series

In a major new acquisition HarperCollins has purchased the History in an Hour e-book series from the company founder and author Rupert Colley. The deal was set up by Scott Pack and the books will be published by Arabella Pike at HarperPress.

History in an Hour is a series of e-books and apps that summarise key areas of world history in digest form, with each title taking no more than sixty minutes to read. From World War Two to Black History, from American Civil War to the Reformation, History in an Hour titles have been a permanent fixture in the Apple bestseller lists since September 2010, often with 3 titles in the top ten or five in the top twenty. They recently came out on Kindle as well. The History in an Hour website and blog can be found at: www.historyinanhour.com

Scott Pack says: “When I saw these e-books topping the Apple iBooks charts I was intrigued as I was pretty sure they weren’t from a major publisher. I downloaded one and was really impressed, it did exactly as it promised. I was amazed to discover that they were all the work of a librarian from Enfield creating them in his spare room. I was determined to snap them up before anyone else did.”

Rupert Colley comments: “History is fascinating but it can also be daunting – huge books, a huge choice and endless websites. My aim with History In An Hour is to make it less daunting and more accessible whilst still providing a quality read. I want to offer readers a starting place in their historical reading; a platform on which to build. Now, with HarperPress, we can take it to a new level and spread the word – that History is exciting.”

HarperPress will launch the series on 4th August with six titles. A further seven will follow in October. All existing books will be rebranded and an ambitious programme to grow the series will include titles on the fall of the Roman Empire, the Gunpowder Plot, the Vietnam War, Castro and the Wars of the Roses, as well as an extension of the brand into other subject areas. More than one year on, History in an Hour is still topping the charts with World War Two in an Hour currently number 15.

Arabella Pike comments: ‘This is an incredibly exciting venture for HarperPress. In just over one year Rupert has, single-handed, created a superb brand offering great history for busy people – short, sharp, informative books to be read on a phone or e-reader perfect whilst enduring the daily commute to work. As a leading publisher of history, we intend to work with Rupert to build this pioneering series to publish some terrific titles, show how historical content can be refashioned to suit the digital age, and open up a whole new generation of readers to the delights of history.’

Launch titles:

  • World War Two
  • The Cold War
  • The Afghan Wars
  • The Reformation
  • Henry VIII’s Wives
  • Nazi Germany
  • October titles:
  • Black History
  • 1066
  • Hitler
  • Ancient Egypt
  • American Slavery
  • The American Civil War
  • The World Cup

50 Excellent Lectures for the Small Business Owner

Many thanks to Rose King from Bschool.com for pointing me to their list of 50 Excellent Lectures for the Small Business Owner.

I have copied their introduction and first five ‘lectures’ below:

bschool logoWhether you have an MBA or are starting your own business before finishing your undergraduate work, there’s more to learn about business than what you get out of classes and textbooks. Supplement your traditional coursework — and even your own experience — by listening to these innovative, insightful and gutsy business leaderswho’ve got a lot to teach you about venture capital, collaboration, the new culture of leadership, and more.

Entrepreneurship

These lectures tackle topics in entrepreneurship, from appealing to the consumer to making great pitches.

  1. Entrepreneurs: Four entrepreneurs share their journeys to open a new business, and the talks inspire passion and excitement.
  2. Entrepreneurship and Society: This talk from UCTV is led by Tom Kemp, President and CEO of Centrify Corporation. He talks about what new ventures need in order to effectively appeal to the modern-day consumer.
  3. Women Entrepreneurs: Consider the differences between men and women as business leaders and owners.
  4. Presidential Summit on Entrepreneurship: President Obama gives a talk to an international audience on entrepreneurship and realizing the American dream.
  5. Entrepreneurs: Then and Now: Guy Kawasaki compares the foundation of entrepreneurial strategy during the late 1990s and what’s popular and effective now.

The Apprentice episode 7 – Can engineers be successful entrepreneurs?

Covered-MagLast night’s Apprentice show was as entertaining as ever, although it had extra appeal to the over 60’s and ‘lads’.

In my previous job I created and edited our staff newsletter, so this weeks project of producing a free magazine was of particular interest.

As is always the case with The Apprentice, the teams were given almost no time at all to come up with the concept, the title and some content, including a photo shoot. The next day they then had to sell their ‘finished’ product to three media buying agencies.

Team Venture sensibly went with the over 60’s market as this is now a fast growth area, thanks simply to demographics (see my blog on The growing grey market in the UK). The others more predictably went with the ‘lads mag’ target audience. Although they didn’t seem to be aware that this has been in decline for at least five years (see our YouTube video of Loaded founder James Brown).

Team Logic initially planned to go for something tasteful and business related, rather than the clichéd girls in their underwear approach. But, somehow they ended up with something quite tawdry. It may have had something to do with their project leader Natasha Scribbins‘ belief that ‘porn sells’, or perhaps the lure of a catchy headline, with ‘How do you blow your load’, being the most memorable.

The teams struggle to come up with decent names for their magazines, the 60+ one was called Hip Replacement (it was supposed to be ironic), reminded me of our struggles when creating our staff newsletter.

After a company wide competition, with some very poor entries, we ended up with the uninspiring name of ‘The Insider’. I also remember all too well the hours we spent toiling over our story headlines. If it hadn’t been for my colleague Christine, who it turned out was something of a natural sub-editor, our headlines would have been almost as cringe worthy as those on The Apprentice.

Once again the winning team were as surprised as the viewers at the outcome. In this case one of the media buyers decided to go for an exclusive with the tasteless ‘lads mag’, giving them a massive winning margin.

glenn-wardAnd on the losers team was Glenn Ward, whose misfortune was to be a software engineer. As Alan Sugar said ‘I have never yet come across an engineer that can turn his hand to business’ so Glenn was fired.

This seems a rather biased approach to the selection process, but as Nick Hewer explained on the follow up show You’re Fired, Sugar has twice given engineers companies to run in his business empire, and they both times they failed.

This seems a rather un-scientific sample to base his decision on. The names of Bill Gates of Microsoft, Steve Wozniak of Apple Computers, Bill Hewlett of Hewlett Packard, Larry Page and Sergey Brin of Google,  show that software  engineers can indeed be successful business leaders.

Here’s one we helped earlier – Seasoned culinary courses

Seasoned logoWe love hearing about people who we have helped, but it is even more gratifying when they contact us themselves to say thank you.

Last week we received this lovely email from Clare Tetley of Seasoned Ltd:

 

Clare_TetleyDear Business & IP Centre

A quick thank you for your help whilst setting up my business.

I spent one year living in London and researching my start-up business with you at the Business & IP Centre.  I attended a number of start-up courses which were fantastically helpful – everything from ‘knowing your market’ to SEO, IP and networking events.

I started Seasoned just over a year ago and so far business is growing and work is strong.

Here is a clip from ITV’s ‘Be Your Own boss’ series with an interview about setting up a business in a recession which you may like to see.

Many thanks again and I hope to continue visiting your events to further my knowledge.

Clare

Clare Tetley
Seasoned Ltd
01283 810275
www.seasonedcourses.com

Our Marketing Masterclass with Alasdair Inglis of Grow

grow_header1A couple of weeks ago I attended this excellent workshop from Alasdair Inglis of Grow, the small business marketing experts.

I liked the fact that Alasdair started the half day session by saying that his aim was for everyone attending to leave with a minimum of five concrete things they will do for their business.

I was also impressed by the way he refuses to use PowerPoint. Instead he handed out detailed notes and had lots of photos on screen to illustrate his points.

Alasdair started by briefly covering the standard elements of a small business sales and marketing strategy:
– What are you selling
– What is your USP (unique selling proposition)
– Competitor analysis
– Who are your customers
– Lead generation – which methods are appropriate

He quickly launched into the marketing ideas and concepts we needed to understand to give us a competitive edge.

The first of these was understanding the power of customer testimonials:
–    These can be the most valuable form of marketing in the long run, especially if you manage to get an influential customer to sing your praises.
–    Work out what questions you need to ask to generate testimonials
–    Make sure they include some measure of the benefit of your product or service.

Then we looked at the power of case studies and success stories
–    These are more in depth than testimonials and can include video.
–    They should include the problem – what we did – the positive result
–    When making video testimonials make sure you concentrate on the sound quality over the visuals. It is worth investing in a directional microphone.
–    We have used our Success Stories on our YouTube channel to generate 200,000 views.

The power of having a customer database
–    For long term success you should have a database with all your customers details and purchases in one place. This could be as simple as an excel spreadsheet or a full CRM (customer relationship management) systems such as SalesForce.
–    The best way to think about what to keep, is what would someone need to know to keep your business going if you were away from the office.

Know your competitors – ‘keep your friends close and your enemies closer’.
–    Take advantage of your competitors hard work to develop their products or services and their understanding of the customers they market to.
–    Sign up to your competitors email lists using your personal email address. Gives you insight into their marketing strategy.
–    Look at their websites and Facebook pages.
–    Use seospyglass.com to check out where your competitors are promoting themselves on the web.

Know your target market
–    Get to know your ideal customer – where do they live, shop, eat?
–    This will impact your choice of marketing strategy.

Understand the marketing funnel
–    Don’t try and get a sale straight away, build up to the sale.
–    You need to have a really good opening offer that hooks people in so you get them into your funnel.
–    Three examples
o    Free download – build up price as the customer goes deeper into the funnel.
o    First contact is a cold lead – move them from warm to hot to customer to raving fan
o    Initial enquiry from customer – build information until they become a customer.

Have an irresistible offer
–    What irresistible offer does your business have, so that people who first come into contact with your product or service make contact with you or buy from you?
–    Examples would include: first session free, money back guarantee, discount for first order, vouchers.

Understand the importance of having a clear call to action
–    Give people a compelling reason to get in contact.
–    E.G. On your website
o    Call you
o    Ask questions
o    Email you
o    Buy from you
o    Join your email list
o    Request information

Focus on benefits rather than features
– Look at all your marketing materials and re-word them.

Understand what problems do you solve for your customers.
–    What factors might make their business fail.
–    What market are they will be operating in – Information about their competitors and customers.

Be aware of approximately how much do you earn from each customer during their lifetime?
–    This will have a big impact on how you price and market your services.

‘If you sow seeds all year round, you get vegetables all year round.
–    Make sure you have a variety of customers, like a garden with a mixture of plants
–    This can help when a recession hits, or you lose one set of customers.
–    Examples:
o    Customer who buy or work with you once
o    Ad hoc customers
o    Regular repeat customers
o    Make sure you have a lead generation system in place that gives you a steady stream of leads.

Be aware of the importance of Search Engine Optimisation, especially on Google.
–    Google has revolutionised marketing, triggering a move from masculine to feminine.
–    Masculine – going out searching for customers using adverts, yellow pages and telemarketing
–    Feminine – waiting to found, by being attractive to your customers, let them come to you.

Alasdair covered quite a bit more during a very full half day, so I recommend you book yourself on and find out more.

One of the additional benefits of these workshops is meeting aspiring entrepreneurs, and it was here that I got talking to Bertie Stephens about Flubit. I’ve joined the fun Flubitron club

The professionals: business bootcamp

business-bootcamp-logoFollowing swiftly on from the launch (Boris boots up Business Bootcamps at the British Library), our very own camp is nearly here.

Put together by experts and business owners, this two day bootcamp is designed specifically for sole traders in the professional services, from IT consultants, marketing freelancers to accountants. We have noticed that many people are setting up their own businesses, based on their professional skills after having been made redundant.

The content across both days covers all of the essential issues you are likely to face as a new business.

Along with practical exercises and inspirational presentations, you will receive a fact-file of research reports and guides to use afterwards which would cost in excess of £500.

The benefits of the bootcamp:
• Meet with like-minded people
• Understand how effective networking can boost your business
• How to present a perfect pitch
• Best practice look at financial viable models
• Get information on professional service delivery from the experts
• Discover more about how to refresh your business plan
• Introductory guide to intellectual property
• Develop a strategy to carry your business forward.
Experts

• Johnny Martin – get to grips with your finances with the no.1 small business numbers coach.

• Nick Winton – understand how to grow your client base and potential profits with clever strategy and lead generation.

• Rasheed Ogunlaru – how you can learn to ‘be your brand’ and grow your profile with effective networking.

Event details:
Mon 13 June 2011, 09.30 – 20.00. Tues 14 June, 09.30 – 17.00 at the British Library Business & IP Centre.

Cost: £125

Booking: The professionals: a business bootcamp