Selling motor components, the business peaked and then demand declined. So I had to cut my costs as we have done with 648 via the Solar panels. Returning to the motor business I trimmed my prices to get more of the custom that remained and when rivals went out of business I picked up their customers which I hope is what we are doing with displaced AM listeners from BBC local etc.
What I should have done in business, but failed to do as I was then too immersed in Radio Caroline, was to diversify. I kept selling the some components until nobody wanted them any more. But Caroline has diversified with various SS DAB and a toe hold on Freeview but always within budget. There is a spare channel on Muxco Surrey for sure. But if a station that told us it had a full and expanding client base of top end advertisers, and was forging ahead in leaps and bounds could not keep DAB viable, would we do any better ?
As an aside I have 8 or more SS DAB stations asking if we would like to join their platform. Worryingly, even when I say no, some of them ask me to express an interest anyway so as to help with their application, which smacks of desperation. I can see that some SS DAB operators will fail when they find as with Community Radio that under the T's and C's they agreed to in order to get a licence they could never break even.
As for publicity, when I had a boss he told me that 50% of what he spent on advertising was wasted. But that he did not know which 50%.
However you can't go wrong with publicity when it is free. Retro Electro Workshop did us much good and also Four In A Bed. Next we will feature in Abandoned Engineering. When Ray Clark finally rejected the BBC it made the papers from Essex to North Norfolk.
I guess we are not doing too badly while we decide how to celebrate the 60th. I might wish to celebrate by taking a longish holiday and coming back when It was all over, but I doubt that my colleagues would thank me.
PM
Neil has a point, AM is a dying medium. Radio today is so different from yesteryear. Today's audio offering needs to be multi platform. Caroline on AM makes sense, a lot of the listeners will have memories from it's time at sea and would have also followed it on land where it's been on the air more than it was at sea.
What Caroline needs is publicity, it's signal on AM I believe is fine for us anoraks. Others who have passing interest in music radio may stumble upon it with increasing closures of AM. But any increase in power would only be beneficial in the short term and as Peter says Ofcom is very slow. Plus their next priority for radio is to get the SSDAB up and running. I would suggest it's probably better to put money into the larger conurbation SSDAB, but even these are over a year away.
Therefore I think the main concentration in the short term needs to be publicity and a huge celebration of the 60th anniversary and an expansion of the Caroline Flashback programming to continue the money raising for the ship so that the public have a clear choice of programming when getting this publicity. But the Album service should remain and publicised as the main service.
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