Tag Archive | "Story"

The Moral of the Story is That Netflix Shifted Our Habits, Says Patrick Bet-David

Blockbuster was an $ 8.4 billion company that was taken down by a startup called Netflix that successfully shifted the habits of consumers. Blockbuster thought that people wanted the experience of picking out physical DVD’s and would not want to just download a movie. They were wrong and today Blockbuster is out of business and Netflix is valued at $ 147 million.

Patrick Bet-David, successful startup entrepreneur, CEO of PHP Agency, Inc., emerging author and Creator of Valuetainment on Youtube, talks about Shifting Habits:

Shifting Habits

I want to tell you a story about a company that’s going to be a love story for some, a horror story for a few, a fantasy type of story for others, and then obviously a money-making story for the people that were involved. But before I tell you the story about this company I want you to be thinking about two words; shifting habits. I’ll come back to those two words in a minute.

Let me tell you this story about this company. It’s 1984, a company gets started, it has got a yellow and a blue logo and it’s called Blockbuster. Blockbuster is a great story. You’d go to Blockbuster with your girlfriend or your husband or your wife and say, “Do you want to go to the horror section?” “Oh no, maybe comedy. I’m almost certain this movie’s not going to be available.”

Blockbuster: Nobody Wants to Download Movies

That’s 1984, the year got started. Blockbuster after only nine years was worth $ 8.4 billion in 1993. By 1997, a company got started called Netflix and it’s only worth $ 50 million dollars three years later. At one point Blockbuster could have bought Netflix for $ 50 million. But they said, “I just don’t think that’s the direction the consumer is going. I don’t think they’re going to shift their habits to this area because people like the experience of coming to Blockbuster and actually seeing the DVDs they pick up. Nobody wants to just download the movies. It’s not going to be taking place. People are smarter than that,”

Well, 149 million users worldwide disagreed with them. Netflix went from being a $ 50 million company in 2002 to today it’s a $ 147 billion company. By the way, Blockbuster on September 23rd, 2010, went out of business. They filed bankruptcy for $ 930 million and they’re gone. What’s the moral the story? Netflix since Christmas their stock is up 50 percent. Just in 2019, in the first 19 days of the year, Netflix is up 35 percent.

The Moral of the Story is That Netflix Shifted Our Habits

Netflix is up. That’s a love story for some, a horror story for a few, a fantasy type of story for others, and an obviously money-making story for those of us that were involved. Now having said that, what do you mean by shifting habits? So many people want to be innovators and shift their industry. I want to be in there, but I want to be disrupting my industry.

Bezos shifted our habits and we stopped going to bookstores to buy books. He said I’m going to shift your habit of the way you buy books. That’s why Walmart is afraid of Amazon. Instagram shifted our habits of the way we looked at albums. When’s the last time you bought an album? The list goes on. Wikipedia put encyclopedia companies out of business. How many times have you gone to Wikipedia to find out about different things? All the time. The moral of the story is that Netflix shifted our habits.

Disney is about to come out with Disney Flicks or whatever they want to call it. I know one of the Disney executives said, “We’re not really trying to compete with Netflix. We like Netflix. I use Netflix. We are just going to put out our Marvel products and Star Wars products and all this other stuff.” But Netflix becomes the one that led the way.

No one even thinks about Red Box anymore because Red Box at first made sense. By the way, if you say I still use Red Box, you’re probably over 40 years old. I’m not trying to offend you, but if you still use Red Box you’re over 40. You go to Kroger or Ralph’s to get your movies.

Start Thinking About Shifting Habits

Stop trying to come up with a great idea. Starts thinking about shifting habits. Not Seven Habits of Highly Effective People. Shifting habits. How do people buy your product? How can you shift that habit? How do people buy the product from you? How can you shift that habit? Those who can become the Bezos, become the Zucks, become whatever you want to call it of their industry because they shifted someone’s habit.

That’s all you got to be looking at. Not all this other crazy fancy stuff. So by the way, well Facebook ever be put out of business? Yes, by somebody who shifts our habit. Zuck says, “There’s no way in the world that’s the direction people are going to go to.” The will go that direction. That could also happen to Amazon and other companies as long as a new innovator is able to shift our habit.

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The Moral of the Story is That Netflix Shifted Our Habits, Says Patrick Bet-David

Blockbuster was an $ 8.4 billion company that was taken down by a startup called Netflix that successfully shifted the habits of consumers. Blockbuster thought that people wanted the experience of picking out physical DVD’s and would not want to just download a movie. They were wrong and today Blockbuster is out of business and Netflix is valued at $ 147 million.

Patrick Bet-David, successful startup entrepreneur, CEO of PHP Agency, Inc., emerging author and Creator of Valuetainment on Youtube, talks about Shifting Habits:

Shifting Habits

I want to tell you a story about a company that’s going to be a love story for some, a horror story for a few, a fantasy type of story for others, and then obviously a money-making story for the people that were involved. But before I tell you the story about this company I want you to be thinking about two words; shifting habits. I’ll come back to those two words in a minute.

Let me tell you this story about this company. It’s 1984, a company gets started, it has got a yellow and a blue logo and it’s called Blockbuster. Blockbuster is a great story. You’d go to Blockbuster with your girlfriend or your husband or your wife and say, “Do you want to go to the horror section?” “Oh no, maybe comedy. I’m almost certain this movie’s not going to be available.”

Blockbuster: Nobody Wants to Download Movies

That’s 1984, the year got started. Blockbuster after only nine years was worth $ 8.4 billion in 1993. By 1997, a company got started called Netflix and it’s only worth $ 50 million dollars three years later. At one point Blockbuster could have bought Netflix for $ 50 million. But they said, “I just don’t think that’s the direction the consumer is going. I don’t think they’re going to shift their habits to this area because people like the experience of coming to Blockbuster and actually seeing the DVDs they pick up. Nobody wants to just download the movies. It’s not going to be taking place. People are smarter than that,”

Well, 149 million users worldwide disagreed with them. Netflix went from being a $ 50 million company in 2002 to today it’s a $ 147 billion company. By the way, Blockbuster on September 23rd, 2010, went out of business. They filed bankruptcy for $ 930 million and they’re gone. What’s the moral the story? Netflix since Christmas their stock is up 50 percent. Just in 2019, in the first 19 days of the year, Netflix is up 35 percent.

The Moral of the Story is That Netflix Shifted Our Habits

Netflix is up. That’s a love story for some, a horror story for a few, a fantasy type of story for others, and an obviously money-making story for those of us that were involved. Now having said that, what do you mean by shifting habits? So many people want to be innovators and shift their industry. I want to be in there, but I want to be disrupting my industry.

Bezos shifted our habits and we stopped going to bookstores to buy books. He said I’m going to shift your habit of the way you buy books. That’s why Walmart is afraid of Amazon. Instagram shifted our habits of the way we looked at albums. When’s the last time you bought an album? The list goes on. Wikipedia put encyclopedia companies out of business. How many times have you gone to Wikipedia to find out about different things? All the time. The moral of the story is that Netflix shifted our habits.

Disney is about to come out with Disney Flicks or whatever they want to call it. I know one of the Disney executives said, “We’re not really trying to compete with Netflix. We like Netflix. I use Netflix. We are just going to put out our Marvel products and Star Wars products and all this other stuff.” But Netflix becomes the one that led the way.

No one even thinks about Red Box anymore because Red Box at first made sense. By the way, if you say I still use Red Box, you’re probably over 40 years old. I’m not trying to offend you, but if you still use Red Box you’re over 40. You go to Kroger or Ralph’s to get your movies.

Start Thinking About Shifting Habits

Stop trying to come up with a great idea. Starts thinking about shifting habits. Not Seven Habits of Highly Effective People. Shifting habits. How do people buy your product? How can you shift that habit? How do people buy the product from you? How can you shift that habit? Those who can become the Bezos, become the Zucks, become whatever you want to call it of their industry because they shifted someone’s habit.

That’s all you got to be looking at. Not all this other crazy fancy stuff. So by the way, well Facebook ever be put out of business? Yes, by somebody who shifts our habit. Zuck says, “There’s no way in the world that’s the direction people are going to go to.” The will go that direction. That could also happen to Amazon and other companies as long as a new innovator is able to shift our habit.

The post The Moral of the Story is That Netflix Shifted Our Habits, Says Patrick Bet-David appeared first on WebProNews.

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Jay Wong: Founder Of ‘The Inner Changemaker’ Show Explains The Story Behind His $20,000/Month Podcast

 [ Download MP3 | Transcript Coming Soon | iTunes | Soundcloud | Raw RSS ] I first met Jay Wong in person in Toronto Canada, very soon after I moved there after leaving Australia. At the time his podcast, The Inner Changemaker, was still new, but I could tell Jay was going places. He […]

The post Jay Wong: Founder Of ‘The Inner Changemaker’ Show Explains The Story Behind His $ 20,000/Month Podcast appeared first on Yaro.Blog.

Entrepreneurs-Journey.com by Yaro Starak

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How to Structure a Story in a Presentation

Here is a six-step framework for crafting engaging presentations – created by Flint McGlaughlin, Managing Director and CEO, MECLABS Institute.
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Robert Gerrish: The Story Behind FlyingSolo.com.au And How It Was Acquired By Australian Morning Television Star David Koch

 [ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] Back in 2005, this podcast was brand new. I had only just started to interview entrepreneurs and one of the very first guests was Robert Gerrish, co-founder of Australian small business community FlyingSolo.com.au (and author of the Flying Solo Book). You can listen in […]

The post Robert Gerrish: The Story Behind FlyingSolo.com.au And How It Was Acquired By Australian Morning Television Star David Koch appeared first on Yaro.Blog.

Entrepreneurs-Journey.com by Yaro Starak

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Srinivas Rao: The Story Behind The Unmistakable Creative Podcast And Why Being Creative Matters More Than Ever

 [ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] Srinivas Rao (Srini) begins this podcast by sharing a story from a decade ago where he borrowed money to sign up for my Blog Mastermind course back when it was first released. In one of the lessons, I gave the task […]

The post Srinivas Rao: The Story Behind The Unmistakable Creative Podcast And Why Being Creative Matters More Than Ever appeared first on Yaro.Blog.

Entrepreneurs-Journey.com by Yaro Starak

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How to Feel Good as a Writer: an Origin Story

You may be surprised to see the lyrics in this article’s image attributed to Leslie Bricusse, because one of the most widely known versions of the song “Feeling Good” was recorded by Nina Simone (no relation to Sonia Simone). So, with no disrespect to Leslie Bricusse … Who the hell is Leslie Bricusse? Leslie Bricusse
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How We Hire People: The Background Story Behind The Entrepreneurs-Journey.com Team

[ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] Welcome to the first episode of the Entrepreneurs-Journey.com Podcast new ‘Solo Sessions‘. What is a ‘Solo Session’ you ask? Well it’s me, talking to you, explaining how I do something behind the scenes in my business. Don’t…

The post How We Hire People: The Background Story Behind The Entrepreneurs-Journey.com Team appeared first on Entrepreneurs-Journey.com.

Entrepreneurs-Journey.com by Yaro Starak

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The Story Behind How I Sold My First Web Business For $100,000

This Is The Story Of How I Sold My First Web Business For $ 100,000… I have two updates for you in this newsletter. First, let me get my "pitch" out of the way so I can sleep well knowing if you wanted my latest e-guide you downloaded your copy before…

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Entrepreneurs-Journey.com by Yaro Starak

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How to Craft a Marketing Story that People Embrace and Share

how to create a memorable marketing story

You’re telling a story.

Whether you know it or not, or intend to or not … you absolutely are.

Everything you do to market your business is another paragraph, page, or chapter in the story people hear from you. And the story people hear is the one they act (or don’t act) on, and repeat (or don’t repeat) to others.

Now, it’s not necessarily fatal if you’re not aware you’re telling a story, and you’ll never completely control your story anyway. But purposeful storytelling is the mark of the great novelist, screenwriter, and playwright — and purposeful marketing stories are a sure sign of a great content marketer.

So why not tell your story on purpose? Here’s how.

1. Know your audience

The battle is won or lost, right here. Put me up against the greatest writer in the world, and if I understand the audience better, I will kick his or her ass every time when it comes to connection, engagement, and conversion.

What do you need to know? You need to know whom they admire, and what they aspire to, despise, fear, and cherish.

Instead of sitting around dreaming up content you guess people might react favorably to, you tell an educated story based on one or more archetypal individuals who represent the whole.

Understanding your audience at such an intimate level makes creating buyer personas important. It also helps you be a part of the market you’re speaking to, which results in a more authentic story and easier leadership of the community you form.

Research doesn’t sound sexy, but it’s the foundation of any smart marketing plan. The more time you spend understanding the people you’re talking to, the better story you’ll tell them.

2. Select your frame

When you know your audience well, what you’re really tuning in to is the way your people view the world. And when you understand the worldview your prospects share — the things they believe — you can frame your story in a way that resonates so strongly with them that you enjoy an “unfair” advantage over your competition.

Consider these competing worldviews, framed differently by simple word choice:

  • Fitness Enthusiast vs. Gym Rat
  • Progressive vs. Moonbat
  • Businessman vs. The Man

These are extreme examples, and you can cater to audience beliefs and worldviews without resorting to name-calling. For example, the simple word “green” can provoke visceral reactions at the far sides of the environmental worldview spectrum, while also prompting less-intense emotions in the vast middle.

Framing your story against a polar opposite, by definition, will make some love you and others ignore or even despise you. That’s not only okay, it’s necessary.

You’ll likely never convert those at the other end of the spectrum, but your core base will share your content and help you penetrate the vast group in the middle — and that’s where growth comes from.

3. Choose your premise

The premise is the way you choose to tell the story so that you get the conclusion you desire. It’s the delivery of the framed message with dramatic tension and one or more relatable heroes so that your goals are achieved.

  • It’s the hook, the angle, the purple cow.
  • It’s the difference between a good story and an ignored story.
  • It’s the clear path between attention and action.

It’s important to understand the difference between the beliefs or worldview of your audience (the frame) and the expression of that belief or worldview back to them.

Think about your favorite novel or film … the same information could have been transmitted another way, but just not as well. In fact, stories have been retold over and over throughout the ages — some are just better told than others.

The premise is essentially the difference between success and failure (or good and great) when it comes to copywriting and storytelling.

Content marketing as storytelling

“Marketing succeeds when enough people with similar worldviews come together in a way that allows marketers to reach them cost-effectively.” – Seth Godin

That’s exactly what content marketing allows you to do. In fact, it’s the most cost-effective (and just plain ol’ effective) online marketing method ever devised when done properly.

Even better, people aren’t just coming together. They’re coming together around you.

You’re telling a story.

Why not make it remarkable?

Discover a home for content marketers who tell remarkable stories

At Copyblogger, we’ve found that when you build your online presence slowly and carefully, you create a long-lasting asset — an audience of people who want to hear from you, who need your help, and who trust you implicitly.

That investment in your audience pays off in a long-term business that increases in value over time.

Authority is a home for people who create content that’s helpful, entertaining, and engaging in order to attract an audience to their products and services. It’s our flagship program that teaches you how to build your online authority the “Copyblogger way.”

This week, you can get the advanced training and support inside Authority for our previous low price of just $ 399/year.

Click the button below to get in now before the annual price goes up to $ 595 on September 16, 2016.

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Editor’s note: The original version of this post was published on December 2, 2010.

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