Peter Bregman
Kelli Richards
April 3, 2015
Is It Time to Spring Clean Your Business? Here’s How to Do It
Kelli Richards
April 3, 2015
April 3, 2015,
Inc.
Spring cleaning is about starting fresh. By applying this mindset to your business, you can return your business to a healthier, livelier, and more profitable state in no time.
Can Apple’s Interactive Digital Music Solution Refresh the Music Industry?
Kelli Richards
April 2, 2015
When U2 released its album “Songs of Innocence” with an exclusive iTunes partnership, the band was trying to figure out something a bit more complex than simply reaching as many fans as possible. It was grappling with which side of music history it wanted to fall into: the “stream or die” path of slowly decreasing record sales and pirated downloads or the path to reviving the music industry.
While automatically downloading the album to all iTunes users’ libraries felt a little too “Big Brother” for some consumers, it’s a great example of revenue-generating experiments on the horizon. As piracy and streaming continue to cut into artists’ revenues, bands and record labels are actively upping their game to encourage fans to purchase more music, goods, and experiences.
Few artists are likely to follow in U2’s footsteps with the same strategy after the backlash from iTunes users, but when a challenge emerges in the market, we can always look to Apple to lead with the most creative solutions. The “Songs of Innocence” maneuver was Apple showing its hand: The solution to diminishing music sales could be an interactive digital music approach.
How Innovation Shaped the Music Industry’s Path.
Fans crave a sense of being closer to the artist, and even 20 years ago, Apple was involved in making this happen. During my years at Apple, my good friend Ty Roberts of Gracenote had created something called the enhanced CD, which created the same types of immersive artist-to-fan experiences for the CD (years ahead of the digital online music curve).
For more than 25 years, Apple has been a leading innovator in the way bands make, market, and distribute music. During my tenure driving music initiatives at Apple, I spent a fair amount of time encouraging artists to use Macintosh (coupled with software such as Pro Tools) as a partner in liberating their music-creation process from expensive recording studios. For the first time, artists could write, record, and mix their music from their own home studios at their leisure.
The digital landscape subsequently changed the industry forever. The 2001 introduction of the iPod and the launch of iTunes in 2003 were seismic shifts. But when songs first became available in MP3 format, pirating software such as Napster and BitTorrent took over, costing the music industry billions in illegally downloaded songs every year. To be fair, both services attempted to demonstrate to record labels how they could monetize the many millions of users who were accessing songs through these torrents — but those efforts fell on deaf ears back then.
This demand for free media led to the development of streaming music options such as Spotify and Rdio. While access to artists is at an all-time high (a pro for consumers and smaller bands), the sweeping popularity of these applications deprives established artists of fair compensation. Streaming music has its share of detractors, including Taylor Swift and Radiohead’s Thom Yorke. These big-name naysayers choose to ride a new wave of marketing and distribution that will protect their hard-earned income: the creation of products desirable enough (and personal enough) to coax fans into paying.
How Interactivity Feeds the Artist and the Fan
Interactive digital music is one attempt at recapturing these lost music dollars. Rather than downloading individual songs (legally or illegally), interactive albums give fans access to a rich, immersive visual and audio experience with add-ons they can’t get from a streaming service, such as photography, interactive lyrics, and fan remixes.
Then, these interactive downloads can be woven into an artist-focused app that organizes each artist’s concerts, brand partnerships, merchandise, and product offerings into one place and sends revenue straight to the artist — instead of to the other players in the music ecosystem.
Interactive digital music is a perfect extension of Apple’s philosophy because it allows musicians to embrace their creativity and recapture some of what made physical albums special. It’s a flashback to a time when artists had the resources to care about the presentation of the artwork, write long-form albums on specific themes, and design a rich and powerful artist-to-fan experience.
Although we can sense hunger from fans for more of this engagement, we don’t yet know how much money they’re willing to pay for these types of experiences or how they’ll actually embrace these opportunities. One of the most important aspects of developing any new product is deciding whether it meets the needs and desires of consumers. But as Apple has proven time and again, consumers often don’t know they want something until it’s presented for them to try.
Like anything in marketing, interactive digital music is an evolving experiment. But as long as companies dabbling in this arena avoid a fiasco like Sony’s ill-fated anti-copy rootkit technology, there aren’t a whole lot of foreseeable downsides. Apple has the perfect opportunity to capitalize on the growing interest of artists, fans, and its own products that can deliver this new immersive experience.
The music industry has always been about more than sounding good and getting a record deal. But today, artists have to give more than ever just to get what they got in the past. Artists who want to recoup lost sales and protect their livelihood from piracy must be willing to try new things — and surprise and delight fans with engaging, cutting-edge, interactive experiences.
This article was first published on Innovation Insights.
To your best success,
Kelli Richards, CEO of the All Access Group, LLC
PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter
PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)
How The Apple Watch Is Paving The Way To A New Generation Of Wearable Technology
Kelli Richards
March 26, 2015
When the iPod, iPhone, and iPad launched, they gave way to entirely new categories of MP3 players, smartphones, and portable computers. They were hardly necessities when they hit the market, and the prices seemed exorbitant at launch. In fact, people didn’t realize they wanted–let alone needed–these devices as part of their lifestyles when they first came out. That’s part of Apple’s magic.
Each of those devices proved its worth over time by offering consumers simple conveniences through innovative technology. Now, iPhones and iPads are ubiquitous and deemed essential items for businesspeople, students, and anyone with a desire to be connected.
The next frontier is wearable technology, and with the Apple Watch set to arrive this spring, Apple is preparing to blaze the trail in the marketplace, just as it did with its other iconic devices.
The Difference Is in the Details
Apple devices have gone mainstream because they’ve transformed people’s lives for the better. That was the primary goal. The products enabled users to become more productive and efficient, with the minimalist style and ease that Apple products are famous for. While its smartwatch might not be the first one in its class, Apple is determined to set it apart from the rest.
For starters, the company hired several established senior-level executives from the fashion industry to collaborate on the watch and invited fashion houses to weigh in. The result? A watch that offers unparalleled stylistic options and personalization. And once you get past the beauty of it, you can peel back the layers and discover the functionality that makes this wearable unique.
As expected, the Apple Watch will integrate seamlessly with other Apple devices and connect with Siri to enable quick reminders and real-time requests. The watch also supports Apple Pay, which is being accepted by a growing number of retailers.
Users will no longer have to fumble around to find their hotel keycards and boarding passes, either. The watch will unlock hotel rooms at select chains and speed users through the airport with boarding pass access in select airlines.
Like the iPhone, the Apple Watch will continue to simplify a number of daily tasks. Before long, you’ll wonder how you ever functioned without it.
The Future of the Apple Watch and Wearable Tech
The functionality of wearable tech makes these items true lifestyle partners. As they assist you with multiple routine tasks in personal and professional settings, they’ll quickly become must-haves due to how integrated they are in your life.
The Apple Watch will give you the power to optimize daily tasks, leverage apps for information and communication, and be more productive and efficient in general, just as smartphones do. But with the Apple Watch, you’ll be able to do it all hands-free rather than having to carry your phone around in your hand.
But as wearables become mainstream, the industry will become ripe for innovation in multiple directions. Although few consumers have gotten past Apple Watch’s sticker shock, more niche groups will inevitably be identified as potential customers, including those interested in tracking personal fitness (be it weekend warriors or professional athletes) and elite frequent flyers.
When Apple revolutionized smartphones with a more sophisticated (and expensive) option, some questioned the value in paying hundreds of dollars for a cell phone. Consumers also greeted the iPad with skepticism. But soon after, users uncovered the plethora of handy features and the immense value behind these products, and today, you’d be hard-pressed to find anyone who’s not clenching a smartphone at this very moment.
As the price of the Apple Watch comes down, the same will prove true with this new wearable tech. Instead of simply being a timekeeper, it will be a timesaver–and an indispensable part of your daily routine.
This article was first published on Inc.com
To your best success,
Kelli Richards, CEO of the All Access Group, LLC
PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter
PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)
Dr. Judith Orloff, New York Times Best-Selling Author
Kelli Richards
March 23, 2015
Transforming the face of psychiatry, Judith Orloff MD asserts that we are keepers of an innate intuitive intelligence so perceptive that it can tell us how to heal — and prevent — illness.Yet intuition and spirituality are the very aspects of our wisdom usually disenfranchised from traditional health care.
Dr. Orloff is accomplishing for psychiatry what physicians like Dean Ornish and Mehmet Oz have done for mainstream medicine — she is proving that the links between physical, emotional, and spiritual health can’t be ignored. Dr. Orloff is a New York Times bestselling author and is on the UCLA psychiatric clinical faculty. She specializes in treating empaths and sensitive people in her Los Angeles based private practice. She has spoken at medical schools, hospitals, the American Psychiatric Association, Fortune Magazine’s Most Powerful Women Summit, and alternative and traditional health forums — venues where she presents practical intuitive tools to doctors, patients, and everyday people. In response to her work, The Los Angeles Times calls Dr. Orloff “a prominent energy-based healer.”
Dr. Orloff’s latest book “The Empath’s Survival Guide: Life Strategies for Sensitive People” (Sounds True, 2017) is an invaluable resource to help sensitive people of all kinds develop healthy coping mechanisms in our high-stimulus world without experiencing compassion fatigue or burnout. Then empaths can fully embody their gifts of intuition, creativity, and compassion.
How the Apple Watch Is Paving the Way to a New Generation of Wearable Tech
Kelli Richards
March 20, 2015
March 20, 2015,
Inc
The next frontier is wearable technology and the Apple Watch will not only be a timekeeper, but it will also be a timesaver.
Turn Up Your Volume: 5 Big Moves Entrepreneurs Can Learn From Music Moguls
Kelli Richards
March 19, 2015
Music moguls and entrepreneurs have a lot to teach each other. But don’t worry; you don’t have to sing like Beyoncé or turn tables like Skrillex to bring the music to your business.
When you think about it, there are multiple ways that the music industry reflects what you’re trying to accomplish as an entrepreneur. Music rewards innovation and originality–finding “the next big thing” is a mantra you both share–and you both aim to immerse customers in rich and compelling experiences, right?
So don’t be afraid to unleash your inner music mogul once in a while; it could actually do amazing things for your company. Here are five mogul moves you could consider making:
- Trust your gut. If everyone in the music and tech industries followed the traditional path to success, we wouldn’t have game-changers like The Beatles, Steve Jobs, and Richard Branson. Trusting your instincts–even if it means veering from the safe path–can lead to your most creative, innovative, and ultimately successful decisions. Only you know where your passions lie and how to tap into them, so trust your gut, and don’t listen to the naysayers.
- Take big risks. Music moguls are always willing to try something new–whether it’s a creative approach to a tour, an unlikely collaboration, or a new distribution method. Taking risks is what separates the innovators from the followers. Whether it’s reaching out to that intimidating potential collaborator or launching an experimental project, the only way you’ll see amazing outcomes is by taking risks in the first place. You have everything to gain.
- Connect to larger causes. Music moguls are masters at leveraging their brand power to have a positive social impact and expanding their influence at the same time. They’re willing to lend their voices and faces to causes they believe in, take bold action, and make their fans and followers proud advocates. Entrepreneurs need to embrace the power they have to connect to the wider world and start creating the kind of positive legacy they dream of.
- Create an A-list posse. Entrepreneurship is often seen as a one-man show, but it’s important to realize that you typically can’t succeed on your own. Just as music moguls surround themselves with a strong team of artists, managers, lawyers, agents, and publicists, entrepreneurs should bring trustworthy, inspiring people into their projects. With a supportive network behind you, your ideas, customer base, and passion for your work will flourish. And be sure to have a trusted advisor by your side to help you develop your posse and collaborative partners. Choosing the right team is the most vital step in any successful venture. As music innovator Pharrell Williams said, “You are only as good as your team.”
- Find the next big thing. You can be as tech-savvy and business-minded as you like, but if you can’t create buzz around your next new product or idea, nobody will know or care. The music moguls are experts at creating buzz. Take Spotify, for example. It crafted a powerful launch model by using invite-only access to drum up anticipation and demand for its new product, which subsequently became an industry game-changer.
My own career has been a journey from music publications to a major record label to a tech giant to the crazy, disruptive startup environment of Silicon Valley. It’s definitely grown from there, but what I’ve experienced time and again is that no matter where I am, when powerful tech innovation and the bold music industry engage, it creates an intensely creative atmosphere.
Music moguls and entrepreneurs have a lot to teach each other. But don’t worry; you don’t have to sing like Beyonc or turn tables like Skrillex to bring the music to your business. All you need are these simple tips, a trusted advisor to help you chart your course and create the powerful collaborations you need, and your own entrepreneurial instincts and intuition, and you’ll be on your way to finding your inner music mogul to the delight of all of those you’ll serve
This article was previously published in Inc.com magazine
To your best success,
Kelli Richards, CEO of the All Access Group, LLC
PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter
PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)
Can Apple’s Interactive Digital Music Solution Refresh the Music Industry?
Kelli Richards
March 17, 2015
March 17, 2015, Wired,
Innovation Insights
When U2 released its album “Songs of Innocence” with an exclusive iTunes partnership, the band was trying to figure out something a bit more complex than simply reaching as many fans as possible.
Peter Dekom
Kelli Richards
March 16, 2015
5 Critical Lessons in Mergers and Acquisitions From the Apple-Beats Deal
Kelli Richards
March 13, 2015
March 13, 2015,
Inc.
5 critical lessons from the Apple-Beats deal to keep mergers and acquisitions seamless and swift.
Search Resources
Topic Areas & Guests
Categories
Join our mailing list
For insights on industry trends, and for details on special projects/events. We respect your time and your privacy.
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
