0

The Danger of Specializing Too Early

Posted on February 2, 2012

A great many young men think they have found a quick and easy road to success by concentrating their minds wholly on the jobs they happen to hold.

It is perfectly true that a business man must not underestimate the importance of details.

But it is also true that large success is always built upon a clear understanding of basic principles.

The common fallacy that it is best for a man—especially a young man—to confine his thought and studies to his own specialty has in many instances proved ruinous. It is easily possible to specialize so much as to lose all sense of the importance of a broad, well-balanced business training.

We all know the lawyer who is wrapped up in his quibbles; the accountant who sees nothing in business but a maze of figures; the advertising man who is so fascinated by “cleverness” that he forgets to try to sell goods; and the technical man who knows nothing about the commercial phases of his engineering problems.

Such men cannot take their places among the higher executives because they know little or nothing of business outside their own specialty, and they cannot know even that thoroughly while their general outlook remains so narrow.

0

The Phenomenal Growth of Advertising

Posted on January 31, 2012

newspaper advertising
by KOMUnews under CC BY 

.

In olden times the dailies carried only a very little advertising—a few legal notices, an appeal for the return of a strayed cow, or a house for sale. It is only within the past fifty years that advertising as a means of bringing together the producer and consumer began. And, curiously enough, the men who first began to appreciate the immense selling-power that lay in the printed advertisement were “makers” or “fakirs,” of patent medicines. The beginning of modern advertising is in fact synchronous with the beginnings of the patent-medicine business.

Even magazine advertising, which is now the most profitable and efficacious of all kinds, did not originate until February, 1860, when “The Atlantic Monthly” printed its first “ad.” “Harper’s” was founded simply as a medium for selling the books issued from the Franklin Square House, and all advertisements from outsiders were declined. George P. Rowell, the dean of advertising agents, in his amusing autobiography, tells how Harper & Brothers in the early seventies refused an offer of $18,000 from the Howe Sewing Machine Company for a year’s use of the last page of the magazine; and Mr. Rowell adds that he had this information from a member of the firm, of whose veracity he had no doubt, though at the same sitting he heard Mr. Harper tell another man about the peculiarities of that section of Long Island where the Harpers originated, assuring him the ague prevailed there to such an extent that all his ancestors had quinine put into their graves to keep the corpses from shaking the sand off.

Before the Civil War it is said that the largest advertisement that ever appeared in a newspaper was given by the E. & T. Fairbanks Company, and published in the New York “Tribune,” which charged $3000 for it. Now the twenty large department stores alone of New York City spend, so it is estimated, $4,000,000 a year for advertising, while one Chicago house is said to appropriate $500,000 a year for publicity in order to sell $15,000,000 worth of goods. Those products which are believed to be advertised to the extent of $750,000 or more a year include the Uneeda Biscuits, Royal Baking Powder, Grape Nuts, Force, Fairy Soap and Gold Dust, Swift’s Hams and Bacon, the Ralston Mills food-products, Sapolio, Ivory Soap, and Armour’s Extract of Beef. The railroads are also very large general advertisers. In 1903 they spent over a million and a quarter dollars in publicity, though this did not include free passes for editors, who, I may parenthetically remark, thanks to the recent Hepburn Act, are now forced to pay their way across the continent just like ordinary American citizens.

0

Assume Mastery Over Your Audience

Posted on January 27, 2012

public speaking
by TheSeafarer under CC BY 

.

In public speech, as in electricity, there is a positive and a negative force. Either you or your audience are going to possess the positive factor. If you assume it you can almost invariably make it yours. If you assume the negative you are sure to be negative. Assuming a virtue or a vice vitalizes it. Summon all your power of self-direction, and remember that though your audience is infinitely more important than you, the truth is more important than both of you, because it is eternal. If your mind falters in its leadership the sword will drop from your hands. Your assumption of being able to instruct or lead or inspire a multitude or even a small group of people may appall you as being colossal impudence—as indeed it may be; but having once essayed to speak, be courageous. BE courageous—it lies within you to be what you will. MAKE yourself be calm and confident.

Reflect that your audience will not hurt you. If Beecher in Liverpool had spoken behind a wire screen he would have invited the audience to throw the over-ripe missiles with which they were loaded; but he was a man, confronted his hostile hearers fearlessly—and won them.

In facing your audience, pause a moment and look them over—a hundred chances to one they want you to succeed, for what man is so foolish as to spend his time, perhaps his money, in the hope that you will waste his investment by talking dully?