What’s Your $5 Comedy Special?

In recent months, three popular comedians have taken an innovative approach to releasing new material.

Thumbing their noses at traditional media distribution labels and cable networks, Louis C.K., Aziz Ansari and Jim Gaffigan opted instead to cut out every middleman possible by offering their latest comedy specials directly to the public. For $5. As digital content available exclusively on their own websites.

And how did they fare? To cite just one example, in the first 12 days after Louis C.K.’s “Live at the Beacon Theater” special was released, it grossed over $1 million. Even factoring in production costs, bonuses for his staff and charitable contributions, that still leaves a sizable chunk of change for C.K. himself.

This is certainly not the first time that someone – or a few someones – have eliminated the costs and barriers associated with the old school rules of media and marketing. Bands like Radiohead and Nine Inch Nails have released albums directly to their fans with no help from record labels.

However, this is the first time we’ve seen this trend cross over to other artistic endeavors, and it presents a compelling model for any company that’s interested reaching their customers more effectively.

Here’s what you can learn from the success of the $5 comedy special:

Direct communication

What business doesn’t want to hear directly from their customers?

Granted, you might not always like what they have to say. But in both good times and bad, the benefits of direct communication are immeasurable.

It’s a fact of doing business that your customers are going to talk about your products or services. When you open the lines of communication and give them ways to funnel that feedback directly to you, you can learn exactly what they want and what they need.

And the flow of this communication doesn’t run in one direction only. When you build a solid foundation of trust with your customers, you’ll earn their permission to command their attention when you have something important to share with them.

Ease of use

How easy is it to go to a website, pay $5, click a link and download a comedy routine?

When you remove the barriers to acquiring your product or services, you’ll instantly increase the number of people who are interested in obtaining those products or services.

Make it easy for your potential customers to find and access what they need, and they’ll reward you by buying what you’re selling.

Lower costs

The rise of social media has allowed artists like bands and comedians to forgo (or at least lessen their dependence on) traditional vehicles for advertising and promotion and the burdensome expenses that go with them.

By “marketing” directly to their fans, these digital media pioneers can offer their release at a lower price point while keeping the lion’s share of the revenue in their own pockets. It’s a win for both the artist and the fan.

In the same manner, when you can find creative ways to eliminate the traditional middlemen of marketing and distribution by promoting and selling your products directly to your customers, you can drop your prices while simultaneously improving your profit margins.

The power of evangelists

The fundamental element underlying the success of this no-middleman approach is having a tribe of people who love what you stand for and will help you spread your message.

Louis C.K., Aziz Ansari and Jim Gaffigan all have loyal fanbases that not only bought their comedy specials but boasted about doing so to all their Facebook friends and Twitter followers.

Before you can cut out the middleman, you must invest in cultivating a community around your brand.

Before you can cut out the middleman, you must invest in cultivating a community around your brand. You need to build strong relationships with your customers and fans so that you have an army of enthusiasts who will not only buy from you but will be your advocates as well.

Doing this requires caring for your customers in ways that are more than pocketbook-deep. You must approach the task of fulfilling their needs with authenticity and passion and give them reasons to feel passionate about it, too.

Survival of the smartest

The takeaway here is this: to compete effectively in today’s marketplace, you must identify your tribe and give them what they want, in the way they want it and at the price they want to pay for it.

No matter what you’re selling, there’s a good chance you can streamline the methods by which you promote and distribute your products or services so that the process of acquiring them is faster, easier and more direct.

So the challenge we leave you with is this: What is your $5 comedy special?

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Goodbye, Marketing. Hello, Trustcasting.

You hate marketing. So do we. The truth is that marketing has earned its bad reputation with every unfulfilled promise, every misleading claim and every disingenuous tagline it broadcasts to the world. Marketing’s presence is inescapable. Its attitude is one of disrespect, demanding our time and participation on its own terms. Its conversations are one-way and its relationships are self-serving. Its terminology is that of deception — slick, glossy, flash, spin. Its influence on our culture is subversive, promoting the shallow and the artificial. Its methods are rooted in laziness, always chasing the most gain through the least amount of effort. In a world ruled by marketing, loyalty is a commodity to be bought, not earned. The race comes down to who can spend the most, talk the loudest and be heard above the din of the competition. The day has come when marketing is no longer an immovable force standing between companies and their customers.Fortunately, the day has come when marketing is no longer an immovable force standing between companies and their customers. The methods of communication have been revolutionized, creating unlimited channels for conversations not only between one person and another but between people and business. Almost simultaneously, economic uncertainty has created a generation of discerning consumers that are no longer willing to passively absorb the web of lies concocted by marketing’s spin doctors. Together, these two major shifts have rendered the old systems of mass marketing ineffectual. It’s time to eradicate this insidious affliction from our culture. In the Trust Manifesto, we established that “In a marketplace founded by, built by and existing for the people, trust is the only fundamental currency.” If the new currency of business is trust, the new way to grow business is trustcasting. What is trustcasting? Simply put, it is the ongoing process of building and maintaining trust between a business and its customers. Following the first and most important principle outlined in the Trust Manifesto, trustcasting holds as its mantra that any and all resources dedicated to the promotion of business must directly or indirectly be founded in trust. Trustcasting approaches customers as people, not numbers. For those ingrained in the old practices of mass marketing, this represents a daunting ideological shift. The task of earning and keeping trust cannot be reduced to statistics or demographic segments. If the new currency of business is trust, the new way to grow business is trustcasting.As the world of business returns to operating at the human level, the crutches of marketing are stripped away. You can no longer gloss over serious issues with pretty ads; you can’t mask mediocrity with perfectly scripted commercials. In trustcasting, everything is centered around developing an authentic and reciprocal relationship between company and customer, a process for which no shortcuts exist. Trustcasting requires that you get to know your customers on a personal level and engage them in two-way conversation. Communication must be conducted in human terms and show human qualities — sincerity, candor, even humility. The quality of the interaction should demonstrate that you not only value their time and attention but have their best interests at heart. In all things, respect for the customer is paramount. Trustcasting recognizes that word-of-mouth is no longer a by-product of marketing but the primary medium by which today's customers are won. Therefore, rather than pouring untold sums into advertising, the real investment is made in the quality of the product or service. Listen to your customers and reevaluate what you have to offer. Strive to deliver a message they want to believe in, a product they want to own and a culture they not only want to be a part of but are driven to convince others to join as well. While the methods of communication employed by trustcasting agents may be revolutionary, the practices and principles of trustcasting are not. They are rooted in and based upon a timeless, proven approach to business development — the way business was done before marketing intervened in the relationship between companies and customers. When it comes to earning and keeping trust, there is no substitute for hard work, honest communication and real value. The time to begin trustcasting is now. Seek out an agency that is engaged in bona fide trustcasting practices, and launch yourself ahead of your competitors who are stuck in the old ways of marketing. At first glance, the new rules for doing business might seem formidable. In truth, trustcasting demands much more from companies than marketing. However, the payoff for the additional investment in time and resources required is getting and keeping the best kind of customers — true, dedicated fans that identify themselves with and become evangelists for your brand.

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