Saturday, January 26, 2013

Hop In, Shop Out! - A tale of groceries and jeans

Time and again, my husband and I share entrepreneurial ideas with each other, critique them, argue a little, refine them, and make a resolution to record them (which is obviously flouted every single time). Next, we research about them, because we know we're not that unique (yet). As suspected, sooner, rather than later, we find someone who has done it already. Exactly one year ago while I was in business school, I read an article about Tesco's virtual aisles in Korea (Tesco's virtual grocery aisles at Korean subway stations) and discussed another idea with him. I said, how about a grocery store that has virtual aisles, where you can touch items to flip and read nutritional facts and ingredients. (Having food allergies myself, I'm too obsessed with ingredients labeling to ignore this - which reminds me of our Allergen Flagger idea, but I'll get to that some other time). But then we thought why come to a store if you can't touch and feel the product, why not just make the store online? Then we thought maybe the virtual aisles should be replaced by stocked aisles with physical products. There can be just 1 each for display, which you could scrutinize before ordering. When your cart is ready, you checkout and walk to the payment kiosk. Meanwhile, automated robot-driven supply systems assemble your articles in package(s). All you need to do is pay with your card, and a window opens where your package awaits to be picked up. One could also keep the entire assembly line behind glass walls, so people could watch their order being assembled as they walk to the payment kiosk. Some people would come just for the experience, while others would come to have the zero human-interaction shopping experience, and yet others would come for the mere convenience factor. These could even be 24X7 grocery stores with motion-sensed lighting - save electricity while offering convenience ;P. Now I do realize that I'm getting carried away, and also that this idea is extremely raw and requires a lot of refinement, but the basic model was interesting enough to keep us engaged for the next few days. We also realized people could be comfortable ordering groceries online, so this store would not really be needed 5 years from now. However, it could work for other articles which buyers need to touch and feel the item being purchased - like clothing.

A few months later, I read about Hointer, and excitedly shared the article with my husband over email (he usually calls this spamming, so I put in a disclaimer saying you better not miss reading this one!). We couldn't help but notice the similarities (Hointer for Men). Since then I've been following Hointer and its blog. They are expanding their customer services (including alterations now), and are also planning to open more stores. I'm glad the retail world is being revolutionized so fast. Don't even get me started on the research going on in the body mapping technologies! I can't wait to visit Hointer during my next visit to Seattle.

Friday, January 25, 2013

The teeter of a tattered newspaper


A well-read colleague shared an interesting article about the change in Information, Media and Entertainment (IME as it is popularly called) landscape from the Economist: News Adventures.

It triggered a series of thoughts as the article's highlights got entangled in the strands of other interesting things I had read, of late, in the world of Search Engine Optimization (SEO), as well as, digital content monetization. The result was this blog. I could very well be wrong, but it was worth shaking my gray cells up to articulate it in words, and in a writer's own way, thinking out loud.

Advertising would definitely dwindle as print versions fall in the publishing industry. As advertising turns online, the advertising expenses are also driven more by clicks and conversions rather than just the impressions and bought ad space. Per my understanding, New York Times (NYT) might just have found a balanced solution. If they had hidden all their articles behind the paywall, I believe search engines would not be able to crawl and rank their pages at all. This would definitely have impacted the (digital) footfalls on their website when readers searched for a news piece. If, on other hand, they had asked readers to pay for detailed versions of all articles while showing only a summary for free, it would definitely annoy readers, while still being able to feed search engine crawlers to a major extent. Apparently, NYT made a very conscious decision to allow the reader to access a certain number of articles for free, while necessitating payment for more. This ensures 2 things: One, SEO and Social Media Optimization (SMO), and two, stickiness for readers and the potential for creating loyalists.

It's interesting to observe how the competitors would react to NYT's pricing. My sister is a paper subscriber to NYT, and also gets free access to the digital version (as a part of the bundle). Whereas, I have to pay nothing in Washington DC to read the Washington Post on my phone, despite not being a paper subscriber. I wouldn't mind paying for the digital version, but no body is cashing on my willingness to purchase. And then there's the third kind - the news aggregators, like my favorite Flipboard, which conveniently aggregate news from several credible journals and news publishers, bucket it and bring it to your smartphone at the touch of a finger (all for free, did I mention!). It's definitely fun to be a party to this evolution, and I'm sure it'd be more fun reminiscing it all and telling the next generation how we used to read paper-version of news circulations as they would listen to it as an ancient anecdote with their jaws dropping with disbelief at the apparent degree of backwardness we are witnessing today.

Tuesday, January 15, 2013

I want to ...


1) Explore green energy
2) Keep my parents' ashes after they're gone
3) Explore technology in retail
4) Explore social media monitoring
5) Learn to fly a plane
6) Jump from the "Bridge to Nowhere" in LA facing forward and backward on my 30th
7) Jump from a plane again
8) Start a small restaurant which offers healthy home-cooked meals with calorie and allergy information for busy professionals who don't want to eat out every night
9) Work towards getting parents closer so I can be there for them (unless its too selfish of me and they're better off where they are)
10) Raise my offspring to be environment-conscious when I become a parent (for now my nieces and nephews can be my guinea pigs)
11) Expose my offspring to innovation for green energy
12) Let my offspring choose his/her interest
13) Paint on canvas again
14) Continue walks/hikes/treks and photography
15) Hold an exhibition for friends and family of my favorite pictures a few years later when I have a great collection
16) Learn pottery
17) Learn swimming properly
18) Work-out in some fun way and take care of myself
19) Eat healthier (but keep my desserts)
20) Be a good person; be less selfish to the environment and the people in my life
21) Express more to people important to me
22) Get over my anxiety of meeting strangers in personal settings
23) Be more in the moment
24) Move-in with my husband :-) it's been too long
25) Rock-climb
26) Train myself for treks / mountaineering
27) Go to Alaska and see glaciers
28) Travel (to Italy and live in a townhouse. not a hotel)
29) Create a wall of fame in my house for photographs of events, friends and family
30) Throw a party with red wine at my funeral
31) Remember more of what I read
32) Write more
33) Try my hand at wedding planning as a vent for creativity and the love for detail
34) Explore the option of installing a solar panel if and when I turn into a home-owner

.... I'm sure there's more, it's just not coming to me. As always, I have yet another "To Do" list. So much for living life by lists :-) I'm sure this will be the butt of yet another joke in our living room!

Disclaimer: The list is in no particular order!