Key questions in market research

My three key questions to find out in my market research.

1. Where does EU-professionals get their news from today?

2. What’s the businessplan for and the European Voice? Do they make any money today?

3. Is it only i Denmark there is fewer EU-correspondents and a lack of information in EU-covering, or is it a problem in the 26 other countries in the EU?

To find out, my plan is to interview politicians, lobbyists and businesspeople concerned with EU-decisions. Hopefully starting this week.

Innovation is basically hard work

After years and years missing the magic moment where I come up with a great idea that will enrich me for the rest of my life, I read The Myths of Innovation by Scott Berkun only to discover that the magic moment probably won’t appear at any time. That is a shame.

But on the other hand is quite comfortable to read. It means that though I haven’t got the great idea yet, I should just continue to search for it, and step by step it will hopefully be born… and fail…and born…and fail, and maybe finally succeed. Innovation is just basically hard work.

But I guess that you need to have some kind of talent to see have you i.e. can change a mining and manufacturing company in to a masking tape company.

Another great point in the book is the frustration over bigger companies not ready to invest in ideas that leads to new companies that really innovates. It’s new for me that Google started that way, but I knew Microsoft and the Windows-era began that way. I’ll guess you kneed to have a lot of will in you to really innovate, and what is better than a good old rejection.

What’s The Problem?

The news about the European Union has a couple of problems.
They are boring, and they are not spread – maybe because they are boring. That leaves us with very few news stories from the European Union Parliament and the national media cut down their staff on European Union news because there are no interest in it, and there is a lack of identification for the readers of the stories.

With a news agency giving away free stories I hope to solve the spread-problem. It will be a very low cost and easy a h…. for the online media in Europe to get stories from the European Union. They don’t need to have their own expensive correspondent in Brussels or Strasbourg. They can just grab stuff from the news agency.

To succeed it is very important that the news agency will be able to produce “high-clicked” stories with catchy headlines. It has to be stories that the journalist would read even if he/she hadn’t written it. Continue reading

What are my needs? – tech assignment

In short terms my business-idea is to make a European Union News Agency. A bit like but with focus on the political games and decision-making in the European Parliament.
The stories will be given away for free to media-sites and blogs all over Europe, but the stories has to be hosted at our own server because it will need to have attached ads within the texts – that’s the price for the stories. Major news-sites can use the stories without the ads for a minor monthly payment – the pro-edition.
I’ll need a site for the agency as well. Some kind of showroom, maybe in time a well-visited news-site itself with additionel business-offers.
As a side business the European Media-sites can buy translated news stories on their language to put directly at their own site.

The product will be well-written feature-stories about the policy-making in the European Parliament. It can as well be web-videos, but primarily feature-written text.

The site of the news agency will be with medium traffic-needs.

It will be Europe-regional and the audience will be grown-ups with interest in the European Parliament.
And it should be able to be distributed in all kind of browsers and in mobile platforms, Ipad etc.

Four reasons not to do

On the paper,, sounds like a great project. Just the thing I want to do in Brussels with the Parliament of EU.
But Politico has some advantages compared to me. And even they can’t earn the required money yet.

– First of all they got good writers, with followers and a known name nation-wide. I’m me.
– Next they’ve got a supportive money-media-guy in the background. I have the student support from the danish government.
– Third they’ve got a great nation with interest in the politics, they write about. The European Parliament is a place the (at least the danish) politicians go, when they retire from the national Parliaments. Could I ever expect the Europeans to be interested in the legislation that those old politicians make in Brussels?
– Fourth they’ve got a great nation who speaks the same language, has some of the same interest and feel connected somehow. I’ve got EU with 27 different nations pushed together in a artificial parliament, that nearly any of the citizens of Europa ever seen.

Continue reading