The SEC is very worried that fans will become their own broadcast stations for football games through the next generation of Flip HD cameras and so they are introducing rules they hope will stop the loss of their exclusive broadcasting rights before the loss begins. They are imposing new rules to prohibit fans taking pictures during games and posting them on Facebook, YouTube or Flickr. Oh yeah, just in case you wondered, you can’t Tweet about the games either.

If you think the SEC will be the only event organizer who sets new media policies, think again. The billion dollar TV rights buyers will demand the program sellers try and do something to preserve the exclusivity of their broadcast rights. Anyone with half a brain knows this is going to be like putting your finger in a hole in the dike. The over flow will be everywhere. How the SEC thinks they will enforce the new rules will be a question without an answer, although early on we may see some season ticket holders banned and a few lawsuits used to scare people just as in the days of early Napster.

The real answer the SEC and broadcasters are missing is the lesson social media brings us in the first place. More involvement by fans in the entire experience will only improve the interest in what is being broadcast and a rabid fan is more valuable than a fan who thinks big brother is watching his every move.

Trying to fight city hall has always been a losing proposition and the same is true for trying to bridle technology and fans. The more you try, the worse it gets. Transparency should be the new mantra for big institutions, government and yes, even football conferences.

In any event, both the play and the work were of great value and while I might write on my Facebook wall about the fun side of Disney, there is plenty to comment about on the “work” side of things.

Disney is one of the best studies of Personal Branding there is. Starting with the original brother Walt and running to the expanded personal brands of characters such as Mickey, Donald and Goofy, the company has now further extended to rock and television stars such as Miley Cyrus and the Jonas Brothers. Just like their cartoon characters, the Disney Company creates, packages and then builds an entire industry around the real life stars as well. Lest anyone think that the characters aren’t treated as people with their own specific brand position and product line you have only to look to Goofy, one of my favorites. Goofy has his own cartoons, hats, t-shirts, and even now a Goofy food company. What Disney does, and is one of the best at it is, “run deep” with every character and personality they have letting the market dictate how far they go.

The lesson to each of us is a reminder that we have an opportunity to do the same with our own personal brands. Don’t stop at offering just one level or one product of your own brand; see how far your brand will take you. If you are a dentist, be all you can be as a dentist but don’t be afraid to spread your wings and stretch out into other areas such as coaching other dentist who may not be as far along in their practice as you are with yours. Take some of your more successful dental marketing ideas and offer to license them out for dentist to use in other areas of the country were your practice isn’t located and won’t compete. In some cases you may find that your license fees become as profitable as your practice just as franchises have discovered franchise fees can be just as profitable as opening a store themselves.

We as individuals marketing our own personal brand have an unusual opportunity to expand in a variety of ways never before available because the internet has given us the ability to do this at minimal cost. The challenge is to take an audit of all the assets you have, determine who might profit from those assets including your knowledge, and reach out across the web to find those people and do business with them. There is a new frontier for growing yourself as a personal brand using all of the elements of online marketing and social media. The opportunities for profit are huge just as Disney has shown us. It’s all pretty exciting!

1. Get more credit cards. Yes, I know some people are advising against this because it could have an adverse affect on your credit score. I can argue about how that theory is wrong, but your credit score isn’t the important point today, credit is. The problem is that banks are raising rates on credit cards on any excuse they can find. Additionally, they are also freezing cap amounts and no longer extending credit. As you pay down the credit card, your cap automatically lowers. This gives you no more credit and makes that card worthless to you. You need to get more credit cards when you can so you have options if problems with your others occur. New cards often have low teaser interest rates for 6 to 12 months. We all know this can work against you when you hit the time deadline but in the meantime you can transfer balances on cards you are having rate spikes with today. Deal with today’s problems and then work on cures for the future.

2. Watch your merchant accounts carefully. Banks have the right at any time to pull out money for a reserve if they feel they need to. If you are counting on that money for operations, and all of a sudden it gets frozen, you can be in big trouble. The best recourse against this is to build a relationship with someone at the bank who works in merchant services, and the higher up you can go the better. The relationship isn’t a guarantee something won’t happen – because most of the banks are tied in with card processors and don’t do the work themselves. Nevertheless, you are better off with a bank advocate pleading your case then you are talking to the 800 number recording.

3. Establish more than one merchant account. Banks always want all your business but today you simply cannot afford to do that, or you may wind up with an account you can’t use – and it will take more than 30 days to get a new one. In the mean time, you can’t take new charges on your old merchant account so you lose lots of cash flow. Having a back up is an answer, and use both of the accounts for some of the processing each month so you always know they are working. Even then, alarms will go off when the account all of a sudden has more money running through it then the bank’s computers think is normal – but at least you should be able to explain that you are now using them for all of your processing, so that’s the reason for the spike.

4. Consider lining up one or more investors who are prepared to step in should you have a crisis. If your merchant account does get a reserve requirement slapped against it, you will eventually get the money so you could use that reserve for a private loan. I am not saying this is easy, but thinking about this and other resources before a problem occurs, gives you more time to act – because you know what you need to do and who you might call to help.

It is a good idea because there are frequently mistakes in them that lower your credit score and as we all know, credit is tightening. Go to the web site I have listed, and you can order free from one, or all three at the same time. If you order one now, you can then order from the other two over the course of 12 months so you can view your credit more often. Order all three at once and you’re done for 12 months, which I don’t think is as good.

http://www.annualcreditreport.com

Senator Kennedy and Rep. Rosa DeLauro are pushing the “Healthy Families Act”. Who could object to a wonderful name like that?

The bill requires any firm who has 15 employees to provide a minimum of 7 days of paid sick leave. I have no problem with that and have always had sick leave days in my companies. My preference is that you don’t come in when you are sick and spread whatever you have to everyone else. The problem with this law comes in the form of detail. The bill allows you to take the leave anytime and in the smallest increment the employer tracks payroll, and no notice is required. This kind of language would allow an employee to show up consistently late with no advanced notice, ultimately causing all sorts of problems with real staffing issues, especially in shift positions. An employer would have no retribution for such tardiness and disruption to everyone else.

There are other new bills coming down the pipeline, which impact our business. I encourage you to look beyond their names and see what the real affect they will have on your business. If you like them, great – but if you don’t, let your Congressman or Senator know they need to make some changes. To do nothing is a mistake.

During this recession and economic pullback, price can have an appeal and if you can compete on that level than you should point it out loudly and even make it a competitive advantage.

A couple of interesting examples and how value can be successfully marketed is Validas (www.myvalidas.com) and InchWorm Shoes (www.inchwormshoes.com).

Validas offers to shave an average of 22% off your mobile phone bill by letting them analyze what you are currently paying and making some suggested changes. You can upload your bill and pay $5 for a report that shows a breakdown of usage, compares carriers, and makes other suggestions for saving money.

InchWorm Shoes is a clever example of problem solving. We all know the cost of shoes and for kids how fast they outgrow them. Inchworm Shoes has a special technology that allows you to increase the size of your child’s shoe by pushing a button and pulling on the toe. Shoes can grow in half size increments and can expand up to three sizes… now if they could just do that for men’s pants I’d save a ton.

Keep thinking about the benefits your products and services have and remember …price can be a successful one.

We tried taking some pictures of some very unusual thing, and the order information we got back was at least always interesting. But if you took a picture of something normal like a book or electronic gadget, the results were right on.

Apparently the service uses a combination of computer technology and human interference, which I am sure will be decreased as time goes on. This is not only a cool new service for ordering, it can be a great price comparison system. (My tech son-in-law tells me there is an app that scans bar codes even better but I haven’t done that yet.)

It really is quite a gadget that really works, so check it out!

Back in the “old days” most things were bought on cash but if you didn’t have the cash to buy, retailers came up with a system called a lay-a-way plan. The retailer held the goods and you made payment to them. When you were done paying the full price you got your furniture, dishwasher or whatever. Christmas lay-a-way assured gifts for the kids.

Over the years, the plan morphed into giving you the furniture at the point of purchase and making payments. Then someone got the bright idea to charge interest and once that took off credit cards began. Soon, merchants were making more on their financing charges than the sale of goods (GE Capital) and the world of credit was born perhaps to all our chagrin.

History has a way of repeating itself and during this economic downturn the lay-a-way plan has made a comeback in various forms and from unusual sources. Who would have ever thought a Music Festival would be sold that way.

The Coachella Valley Music and Arts Festival in Indio, California offered a Lay-a-way plan this year for the first time in their ten year history. Customers had the option of buying their tickets over several months by putting 10% down and the balance over two additional months, with the final payment due prior to the event.

The payment plan was adopted because other festivals have had to cancel their events this year due to sluggish sales. The plan has been working. The organizer was quoted as saying, “without the lay-a-way option we wouldn’t have done so well”. Like any good idea it is also already being adopted at other festivals in Tennessee, New Jersey, and Arizona.

The NFL also now uses a similar payment plan for their season tickets. You start paying right after the season and get paid up before the new season begins.

We use a lay-a-way option in our own business. The Ultimate Celebrity Branding Experience™ payments are spread out over 12 months; franchise legal work and business consulting are all extended over at least 12 months instead of charging the full fee or requiring the total to be put on a credit card and the client getting killed by interest. We are convinced it has made a tremendous difference in everything we do and why our business is growing rapidly even in this economy.

We aren’t alone and several of our clients including Orthodontist, Donna Galante and Paul Cater (www.CGBraces.com) have added monthly payment programs to their standard pricing. Clearly others should consider doing the same no matter what your business.

If you adopt a variation of the lay-a-way plan in your practice we encourage you not to add interest. All of us are very serious about our dislike of interest payments right now, and we all would love to avoid paying it when we can. You will make more sales by not charging interest and that alone will increase your bottom line.

What this record shows is that people will pay for what they “think” is working, even in a recession. It is up to us to find what “will” work for our customer and give it to them. That is not to say that I think an ad that cost that much is even worth it if it isn’t direct response. It definitely reminds me of some of the advertising purchases during the dot come boom which saw the business quickly go broke after spending big money on their ads. We all need to remember it is the right kind of ads you buy that is important. And how can you tell if your money has been well spent if you can’t or don’t measure the results?

Remember, ROI (return on investment) is a number you must know and monitor on your advertising and marketing or you can’t compare where your money is going and pulling the best.

On the other hand…you probably won’t get your 30 seconds of fame on the Super Bowl if you are counting pennies.

What “secondary assets” or underused product or service do you have in your present business that you could use to make more money? While the opportunity may be in a similar arena to what you are currently doing, it may also be in a new direction. You may capitalize on something else you haven’t used yet or previously had the time to explore. Perhaps the opportunity is even outside of your company, such as a joint venture or applying your technology or know how to help someone else capitalize on what they don’t see or are not using to their advantage.

Whenever I think of ‘secondary assets” I always think of Post It Notes and how something can be discovered even by mistake, that can change the face of your company forever. What do you have that is underused?

This economic upheaval is making strange bedfellows. If the big three highly competitive auto makers can join forces to borrow on one of the biggest loans of our time it is clearly a sign that we should all consider our own venture opportunities we may have shunned in the past.