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You Must Be an Early Adopter to Succeed
June 19, 2008
Last year in this blog (10/8-10/9) I discussed the preliminary findings from the
NAPL Digital Services Study. In that study and in this blog (10/17) we also discussed digital urban myths such as – “If you’re the first company to provide a service, you will gain immediate market share” and more likely succeed.
I discussed this myth in a recent
newsletter. And soon after this newsletter was sent I received an email from a consultant who I will call Terry T. who believed that early adoption is essential for success. I thought I would share his colorful comments and my response.
"With an industry still with its head in the sand, telling any printer to wait only pours more fuel on bonehead thinking. Print is not competing with other printers. It is competing with content providers and alternative sources of information. From Wikipedia to MySpace, from digital magazines to blogs, a printer must be thinking differently to grow its entire offering. Investing early will drive a management to think where to capitalize on the investment and change its thinking to begin understanding where the customer may be looking for differentiation.
Fuji announces a digital sheet fed press and you worry about being first out of the box! If I have a 40" Heidelberg, I better be thinking early adoption. So what if competition comes into Shuttefly space or any early adoption business. Competition is what makes us better, not something to worry about.
Do you really think VistaPrint is not better for the competition from Staples, FedEx? Yet they were the first to merge the Web/print and capitalize on a segment with an overabundance of poorly run small printers still wondering if they should invest in digital! Look at their first
quarter growth vs. commercial print. Time to rethink your strategy."
Next time my response.
Posted by Howie Fenton on June 19, 2008 | Comments (1)