Comments on: Real estate lessons from the newspaper nosedive http://1000wattconsulting.com/blog/2009/02/is-innovation-wasted-on-broken-businesses.html Turn On Tue, 22 May 2012 20:19:58 +0000 hourly 1 http://wordpress.org/?v= By: Marvin Jensen http://1000wattconsulting.com/blog/2009/02/is-innovation-wasted-on-broken-businesses.html/comment-page-1#comment-6825 Marvin Jensen Mon, 14 Dec 2009 17:46:02 +0000 http://wp.1000wattconsulting.com/2009/02/is-innovation-wasted-on-broken-businesses.html#comment-6825 <p>Brian,</p><br><p>This was pretty funny. I don't think any of us know exactly where the real estate brokerage is going to end up. But those that guess right will make a lot of money!</p> Brian,

This was pretty funny. I don't think any of us know exactly where the real estate brokerage is going to end up. But those that guess right will make a lot of money!

]]> By: Claudio Cossio http://1000wattconsulting.com/blog/2009/02/is-innovation-wasted-on-broken-businesses.html/comment-page-1#comment-3318 Claudio Cossio Thu, 05 Feb 2009 07:28:39 +0000 http://wp.1000wattconsulting.com/2009/02/is-innovation-wasted-on-broken-businesses.html#comment-3318 <p>It is difficult to predict the outcome for now.</p> <p>But one thing is for certain change is on the way.</p> <p>¿where is the next bounce?</p> <p>This question will be answered this year for certain, things need to evolve for the industry to survive, let us try to work something out and work on this "share economy".</p> It is difficult to predict the outcome for now.

But one thing is for certain change is on the way.

¿where is the next bounce?

This question will be answered this year for certain, things need to evolve for the industry to survive, let us try to work something out and work on this "share economy".

]]> By: Tim White http://1000wattconsulting.com/blog/2009/02/is-innovation-wasted-on-broken-businesses.html/comment-page-1#comment-3317 Tim White Tue, 03 Feb 2009 16:29:45 +0000 http://wp.1000wattconsulting.com/2009/02/is-innovation-wasted-on-broken-businesses.html#comment-3317 <p>"It can build significant online readership, but fail to effectively monetize it for fear of cannibalizing what remains of its legacy business"</p> <p>Actually, they coult not have done this even if they wanted to. You simply can't replace analogue dollars with digital pennies. Also, the newspapers failed to embrace the "link" economy which was anithetical to the culture of traditional news (I own this content and I'm not going to share it with anyone), but most importantly they failed to harness to power of the network--a reason why Goolge has succeeded and newspapers are dying a slow death.</p> "It can build significant online readership, but fail to effectively monetize it for fear of cannibalizing what remains of its legacy business"

Actually, they coult not have done this even if they wanted to. You simply can't replace analogue dollars with digital pennies. Also, the newspapers failed to embrace the "link" economy which was anithetical to the culture of traditional news (I own this content and I'm not going to share it with anyone), but most importantly they failed to harness to power of the network–a reason why Goolge has succeeded and newspapers are dying a slow death.

]]> By: Jim Duncan http://1000wattconsulting.com/blog/2009/02/is-innovation-wasted-on-broken-businesses.html/comment-page-1#comment-3316 Jim Duncan Tue, 03 Feb 2009 05:21:18 +0000 http://wp.1000wattconsulting.com/2009/02/is-innovation-wasted-on-broken-businesses.html#comment-3316 <p>Brian -</p> <p>At least three ways - </p> <p>1) Show clients what they're paying for <br /> 2) Divorce commissions so that actual client actually pays for services rendered.<br /> 3) Focus on service, not commission.</p> Brian -

At least three ways –

1) Show clients what they're paying for
2) Divorce commissions so that actual client actually pays for services rendered.
3) Focus on service, not commission.

]]> By: Brian Boero http://1000wattconsulting.com/blog/2009/02/is-innovation-wasted-on-broken-businesses.html/comment-page-1#comment-3315 Brian Boero Mon, 02 Feb 2009 20:02:18 +0000 http://wp.1000wattconsulting.com/2009/02/is-innovation-wasted-on-broken-businesses.html#comment-3315 <p>Jim -</p> <p>Regarding compensation: What is it you propose, specifically?</p> <p>Brian</p> Jim -

Regarding compensation: What is it you propose, specifically?

Brian

]]> By: Jim Duncan http://1000wattconsulting.com/blog/2009/02/is-innovation-wasted-on-broken-businesses.html/comment-page-1#comment-3314 Jim Duncan Mon, 02 Feb 2009 13:06:18 +0000 http://wp.1000wattconsulting.com/2009/02/is-innovation-wasted-on-broken-businesses.html#comment-3314 <p>A lot of brokerages continue to operate under the belief that they can and will forever control the data - to their clients' and the customers' disservice. </p> <p>They're the same ones who in 1988 were saying that computers wouldn't change how they did business. And in 1995 said that the internet wouldn't catch on.</p> <p>You can change the format, but if the foundation and infrastructure are built on sand ... </p> <p>With regards to real estate brokerage/profession - what are those structural changes that must happen - now?</p> <p>- Compensation structure<br /> - Release the data so that its core (address/history/etc) is true, but allow it to be mashed-up. <br /> - Agency and representation</p> <p>For starters</p> A lot of brokerages continue to operate under the belief that they can and will forever control the data – to their clients' and the customers' disservice.

They're the same ones who in 1988 were saying that computers wouldn't change how they did business. And in 1995 said that the internet wouldn't catch on.

You can change the format, but if the foundation and infrastructure are built on sand …

With regards to real estate brokerage/profession – what are those structural changes that must happen – now?

- Compensation structure
- Release the data so that its core (address/history/etc) is true, but allow it to be mashed-up.
- Agency and representation

For starters

]]> By: Tom at the Real Estate Bloggers http://1000wattconsulting.com/blog/2009/02/is-innovation-wasted-on-broken-businesses.html/comment-page-1#comment-3313 Tom at the Real Estate Bloggers Mon, 02 Feb 2009 13:04:50 +0000 http://wp.1000wattconsulting.com/2009/02/is-innovation-wasted-on-broken-businesses.html#comment-3313 <p>It reminds me of kids coming out of college with computer degrees in the mid 90s. They could program all the dead languages very well, but were clueless on what was needed in todays workplace. </p> It reminds me of kids coming out of college with computer degrees in the mid 90s. They could program all the dead languages very well, but were clueless on what was needed in todays workplace.

]]> By: Marvin Jensen http://1000wattconsulting.com/blog/2009/02/is-innovation-wasted-on-broken-businesses.html/comment-page-1#comment-3312 Marvin Jensen Mon, 02 Feb 2009 12:06:58 +0000 http://wp.1000wattconsulting.com/2009/02/is-innovation-wasted-on-broken-businesses.html#comment-3312 <p>Brian,</p> <p>This was pretty funny. I don't think any of us know exactly where the real estate brokerage is going to end up. But those that guess right will make a lot of money!</p> Brian,

This was pretty funny. I don't think any of us know exactly where the real estate brokerage is going to end up. But those that guess right will make a lot of money!

]]> By: Keahi Pelayo http://1000wattconsulting.com/blog/2009/02/is-innovation-wasted-on-broken-businesses.html/comment-page-1#comment-3311 Keahi Pelayo Mon, 02 Feb 2009 11:34:17 +0000 http://wp.1000wattconsulting.com/2009/02/is-innovation-wasted-on-broken-businesses.html#comment-3311 <p>There was a time when newspapers controlled their future in regard to the internet. However, I believe the have gone over the edge and it will take a miracle for them to recover.<br /> Aloha,<br /> Keahi<br /> PS-can you say "buggy whips"?</p> There was a time when newspapers controlled their future in regard to the internet. However, I believe the have gone over the edge and it will take a miracle for them to recover.
Aloha,
Keahi
PS-can you say "buggy whips"?

]]> By: Richard Silver | Toronto Real Estate Blog http://1000wattconsulting.com/blog/2009/02/is-innovation-wasted-on-broken-businesses.html/comment-page-1#comment-3310 Richard Silver | Toronto Real Estate Blog Mon, 02 Feb 2009 09:57:42 +0000 http://wp.1000wattconsulting.com/2009/02/is-innovation-wasted-on-broken-businesses.html#comment-3310 <p>I so agree with you Brian. It is not just the Brokerages but changing organized Real Estate is a slow job. By the time the old guard realizes it, the game has shifted again. I give you lots of credit for having the energy to pull us all along...It is a daunting task, I know.</p> I so agree with you Brian. It is not just the Brokerages but changing organized Real Estate is a slow job. By the time the old guard realizes it, the game has shifted again. I give you lots of credit for having the energy to pull us all along…It is a daunting task, I know.

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