define media mogul

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Define media mogul

Good PR is harder to get than ever these days. There are many good reasons for this and the proliferation of PR agencies and one-man bands play only a small part.

The real culprit is technology. In the good ol’ days (if they ever existed) getting some really cool press coverage depended on two things: A. Having a product to sell or announcement to make which would fall into the category of newsworthy items. B. The relationship that existed between the PR agent and the beleaguered editor of the publication targeted.

Within that matrix it was relatively easy to get good press coverage. You provided the product and chose the right PR Agency and they did the rest.

Not so today.

Each editor of each publication in every corner of the planet is laboring under tight deadlines, low costs, hardly any time at all and so many press releases and product placement offers hitting the newsdesk that they could easily fill most landfills in the country.

Why?

Well, the shrinking of newspaper and magazine staff for one has seen a glut of PR Agencies springing up everywhere. You’d expect that.

Journalists have to make a living through writing and their contacts and Public Relations offers a relatively easy route to a full fridge at the end of the month. For professionals who struggle with deadlines and challenging subjects on a daily basis, knocking up copy that makes some new type of “green wallpaper" sound the hottest thing to have been invented since sliced bread is a relatively easy task. Selling it successfully is, these days, relatively harder and because journalists (and PR Agencies) operate under tremendous strictures of time, they reach for the ubiquitous, easy, hi-tech solution that has spoiled the market for everyone: some automated mailer software that will “blast a Press Release on the desk of every magazine and newspaper editor in the country".

So they write, charged their clients, click, send and pray that the sheer percentage of numbers will do the trick.

Joined in their prayers by just about everyone else in the industry it means that a press release, these days, will see the light of day only if one of two things are happening: A. The PR journalist has a personal relationship with the editor in question (it happens, though not frequently), or B. The editor in question puts together a survey cobbled from the mountain of press releases overflowing the newsdesk and features a product alongside that of its competitors.

What has all this got to do with starting your own newspaper?

Well, a lot actually. If you really want to control your PR, impress your customers, add gravitas to your business and open doors wherever you go, starting your own newspaper is the way to do it.

I know the prospect sounds daunting. A newspaper requires a name, office space, equipment, an editor, subs, a graphic design desk, photoresearchers, journalists, publicity, a circulation manager, printers and someone to make the coffee.

The latest foray into national paper publishing in the UK, The Sportsman, burnt 15 million British pounds in just three months and failed to find a circulation, an audience or pretty much anything at all.

So why am I suggesting it at all?

Well, because it’s feasible, for one and makes sound business sense for another and, handled right, does not need to burn up a truckload of money the way The Sportsman did. If we leave cats and skinning alone for a mo (old clichés should be locked away sometimes, particularly if they upset animal lovers), there’s always more than one way to do something.

If you launch a newspaper to just make yourself feel good, then maybe the first step is to find a reliable printer you can trust who can get his hands on some really good quality printing plates because printing your own currency is the easiest way to fund it.

But if you are thinking of launching a newspaper to promote your business, gain exposure, increase the reach and power of your networking efforts, open negotiating doors, impress customers, sell more products or services and make some money while doing all this, then there is a way to do it which does not cost the Earth.

In fact, with so many high-quality, experienced freelance journalists and editors knocking about praying that their expertly written, electronically filed press releases get through to an editor who will use them, finding the right people for the job should be easy.

Easier still if you go to someone who already has a network of such people in place, can bring sound expertise to bear on the project, can advise you whether it will work or not and can assess its full potential without looking to the bottom line of their own account first.

This is called a value-led transaction. They value you as a prospect but recognize that things will only work out if they give honest, up-front advice that will cement the tone of your mutually beneficial working relationship.

If you have found the right company (and hopefully you’ve talked to us at Amerland Enterprises about this) they will give you a FREE report outlining the advantages and pitfalls of launching a newspaper, a good expectation of the costs (because they are largely predictable) and a reasonable assessment, based on their own research and experience, of the performance you should expect.

It’s rarely that someone starts a newspaper never expecting to make money.

There are a number of ways your own newspaper will help you do this:

• It will sell your products and services

• It will open doors for you in government and professional organizations

• It will lead to new, creative partnerships (more on this later)

• It will give you a vehicle for your own thoughts and ideas

• It will allow you to sell advertising

• It will catapult you into the ranks of a media mogul

Selling your products and services is the easiest thing to talk about. You could, for instance, take out double-page adverts in your paper or, better still, run a double-page editorial advert. Provided you give free copies to all your customers, not just for them, but also to give their customers as a value-added service, you have just created a massive sales force working for your business for free.

Owning a newspaper automatically opens doors. As the owner of means to propagate messages to the reading public you will find that professional organizations and government services will want to cultivate your friendship. You will be put on guest lists, mailing lists and even interview lists by other journalists.

A newspaper is the perfect vehicle for starting up creative business partnerships. Give it away for free, for example, to all the tourist hotels in your area and offer them reduced advertising or even free advertising and see if you can then link up with them to promote your business or services. Offer reduced advertising in it to all your clients. Use it as a vehicle to sell complementary products or services from businesses outside your own. The list of possibilities here is limited only by your own ability to negotiate a creative business deal.

Use the newspaper as a platform (but not a pulpit) for your thoughts and ideas. As a business professional you re in tune with your market. You know the challenges, its developments, what makes it tick. You probably have theories, untested ideas, suggestions. Used wisely, a newspaper platform, can turn you into a media star in your own circle.

Make money from advertising. This is a no-brainer. Depending on how you circulate your newspaper you can make it work directly for you by generating ad revenue. This can be from small-scale ads designed to fill the ‘Classifieds’ section to full-page ads given to practically anyone you care to approach.

Last but not least you will, through the ‘magic’ of having your own newspaper be classed as a media mogul. Someone who has clout in the world of mass media, able to highlight specific developments, give profile to specific business and attend glitzy events.

All this, of course, is just a pared-down version of the advantages and possibilities offered through the owning of your own newspaper. The reality of it, properly handled, can catapult your business into the stratosphere, enable you to take advantage of possibilities which would have slipped past your fingers and help you have a far greater impact upon the business world than you would normally have thought possible.

Because starting your own newspaper is a feasible idea it doesn’t mean you should go ahead and start it (though we’d love it if all our clients did just that!). Talk to us first. Tell us what you hope to achieve, why you think it will work for you and we’ll be happy to give you a FREE, obligation-free assessment outlining not just the possibilities but also the pitfalls.

That will give you a good overall picture of the way newspaper publishing works.

Media Magnetic Branding

Successful social networking is all about building and leveraging relationships.  Powerful relationships are built on trust and two abilities- your  likeability and credibility.  Before you can expect others to value your input, you must first "earn the right to be heard" by being likable and credible.   Social media makes it easier than ever to earn this right and build a magnetic brand that is authentic and eliminates the need for a "sales proposition".  

A magnetic brand is simply your unique promise of value.   It lets others know what they can expect when interacting with you.   Your magnetic brand is attraction (not sales) based as it draws your target market to you.  In fact, your magnetic brand is a 24 hours promotions team.   Once the core components are in place, it will systematically and around the clock draw clients to you who are pre-qualified as they are attracted to your unique promise of value.  This is the exact opposite of pushing (aka "selling") your services to others.

The key to leveraging the attraction of your magnetic brand and the power of social media lies in having effective systems in place that lead prospective clients and joint venture partners ("leads") through my five step process: 

  • Step One- Lead Attraction.     Lead attraction in magnetic branding and social media involves developing a profile and image that resonates with your target market.   For maximum effect, pay attention to keywords and the energy conveyed by images.
  • Step Two- Lead Collection.   Lead collection in magnetic branding and social media involves having an automated system in place to collect the basic information of those who want to stay connected with you.   I suggest using a service like Aweber or iContact to create a database of those who are attracted to you.  An automated system is essential for staying in touch and in front of your market.
  • Step Three- Lead Conversion.  Lead conversion is magnetic branding and social media involves staying in contact with those who are in your database and who are watching and learning from you on social networking sites (e.g., LinkedIn, Twitter, Facebook and MySpace).   An effective lead conversation system will help your target market get to "know, like and trust" you at an accelerated pace.
  • Step Four- Lead Retention.   Service, Service, Service is the three-pronged platform for retaining leads who have been converted in Step Three of my process.   Building a thriving sustainable business requires you to have systems in place to support the needs of your current clients.    This is also the section in my five step process in which you consider and develop additional services for your existing clients that meet their needs and expand your business. Current clients are your best new clients.
  • Step Five - Lead Referrals.   A solid referral base is at the core of successful thriving businesses: happy clients referral their family, friends and colleagues.    There is no more effective endorsement of your ability to deliver than the recommendation of a trusted source.

Once you have implemented the systems listed above, you are well on your way to enjoying a fulfilling successful and thriving business!

Media Mogul Rupert Murdoch

At a time when the public has become saturated with the undeniable news of Global Warming Issues and is fed up with the lack of political action to reduce Greenhouse Gas Emissions, Rupert Murdoch has announced that his Company, News Corp., will undergo a purge of its running systems and take drastic steps to reduce its own carbon footprint. A precedent has now been set for all other multinational corporations to follow and considering the size of this giant, a welcomed advance within the Private Sector towards helping to green the planet.

As a news and media agent with tentacles stretching to almost every continent on Earth it is a spine-tingling breath of fresh air, such a shift in corporate thinking in regard to the damages we must be held accountable for. The aim is to lead by example and educate their audience, of which we are talking millions of people around the globe. Not only in the hope of instigating change for individuals, but in the hope that other corporations will follow this lead and do likewise. Kudos must be given where due here and it shows that there really is hope that not all multinational corporations are driven by the dollar to be made today.

News Corp. currently contributes 100,000s of tons of greenhouse gas emissions to the atmosphere a year and by introducing changes across the board to reduce that amount of output to zero within 3 years is some mean feat. However, considering the unimaginable profits this company must make on a daily basis, they have a duty like any other high profit margin corporation to implement such changes and turn the doom and gloom scenario into one of a positive outcome. Surely these measures will attract incentive in the form of comfortable tax deductions as well.

The carbon footprint of News Corp. is 10,000 times this number, however, so starting at a grassroots level across the board, all light bulbs will be changed to energy efficient bulbs. All company fleets will be disposed of and hybrid cars only used. One hopes that by his lead others will see that it doesn't have to mean financial suicide to go green. The company will also offset its emissions by reinvesting in renewable energy resource productions and developments and only using renewable energy resources for all its power. A procedure many other multinational corporations have no excuse to ignore. This is fantastic news for all of you concerned about the fact that no-one seems to be actually doing anything to implement the radical changes needed to turn the scary picture around.

Murdoch hopes that through these actions and also by educating through his many media outlets that enough change will occur to make a significant difference. If only 1% of News Corp.'s audience is reached and actually activates such changes, the effect of this will be as huge as the equivalent of switching off the entire state of California for a period of two months! Imagine the outcome if this precedent inspires even 2% percent more of that number or even 1 or 2% of the world's industrial moguls to follow suit?

Happy days for all of us are ahead and be reassured that surely our governments will be embarrassed into submission on this score, as well. One would hope that the chain of events this action will set in motion will continue to drive the engines of change for a much brighter looking future for us all.

 

 

 

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