Day 5, Bill Ruesch recession-recovery diary
Some may wonder if I’ve been sitting on my hands the last two years. My previous blogs could lead you to that conclusion, but you’d be wrong. For a quarter century (doesn’t that sound painfully long?) I semi-specialized in direct mail printing. Most of my customers were either DM agencies or in-house marketing departments of companies communicating with their customers through the mail.
We all know what happened when the recession hit and companies en masse pulled back on direct mail. We could see it coming. The Internet was making promises of delivering tons of new business at a fraction of the CPM. The post office, thinking in government logic, decided to bump up their rates to solve their cash flow problems. This awful triad of recession-fear–the Internet rainbow–and postage costs all but killed direct mail.
I said we could see it coming and we could, but no one thought it would happen so fast. It was literally almost overnight. One day DM was thriving, the next, BOOM the bottom dropped out.
In an effort to prepare my business for the coming crash, I had already been looking in new directions. I asked myself what I love, and determined that I love books. Wouldn’t it be nice to help authors print books and get samples for my personal library in the bargain? Yes, but moving into new markets takes time. It requires making new connections, and building trust.
To shorten the time I decided to begin blogging. I reasoned that the Internet would provide me with a minimal cost platform. It does, but the competition for attention is overwhelming. I read somewhere that 17 thousand new blogs are started every day–e v e r y day. That’s over 6 million a year!
There are many, many Internet “gurus” that for a fee, promise to show you how to drive readers to your site and earn you more money than God while you are sleeping peacefully on your yacht. I don’t know about you, but I shy away from these kinds of promises. I may be old-fashioned, but I truly believe that if it sounds too good to be true it probably is.
The problem still remains, how do you make an impact on the Internet when the odds are so staggeringly against you? The answer for me is to keep chopping at the tree. No one knows how many cuts it will take before it topples, but for certain it will never come down if you don’t wield the ax.