An interesting look at radio’s future from Barrett Sports Media:
Steve Jobs once said “people don’t know what they want until you show it to them” and he was exactly right. When a new product or piece of content is created and promoted through audio and visual platforms, it often leads to increased curiosity from the consumer. With each additional marketed message, the audience becomes more emotionally attached, and soon that intrigue leads to a sale or an investment of their time. It’s this very formula that fuels the growth of the music, sports, and entertainment industries.
When Jobs introduced the Apple computer, iPod, and iPhone, people lined up to purchase each product because they believed in the possibilities of what those products represented. They had no knowledge of how they’d work because they’d yet to use them, but because they were marketed well and ignited the consumer’s interest, it led to massive sales, and made Apple one of America’s most successful companies.
It was that same approach that led 30 NFL owners to change direction and throw their support behind Rams owner Stan Kroenke when he was looking to move his team from St. Louis to Los Angeles earlier this year. Kroenke had to overcome competition from the Raiders and Chargers to turn the tide in his favor, and to do so, he let a room full of billionaires see the vision and fall in love with its possibilities.
“One of the most important things that nailed it (Tuesday) is that we just kept showing them pictures,” Kroenke said. “People love pictures. And what those pictures showed was the thought and the development and the plan, and the depth of the thought.”
When a great idea is captured visually, it becomes more enticing to the consumer. It percolates in their minds and fuels their curiousity. This is what drives large activity and interest in social and digital media.
Throughout the years, radio has been consistently late to the party when new ideas have been introduced. Whether it was the creation of websites, streaming, mobile listening, or the use of social media marketing, there’s always been a wait and see approach rather than a dive right in mentality. Whether that’s due to tunnel vision, a shortage of resources, or a fear of compromising its own success over the airwaves, the reality is that radio often plays catch up in a world that thrives on innovation and longs for the next big thing.
It’s worth the read. Keep going.