Posts Tagged ‘Niall O’Farrell’
Are We Now the “Smug” Dragons?
Tonight, RTE 1, 9:30pm, sees programme three of the current series of Dragons’ Den where myself and new Dragon, Norah Casey, are battling one another, yet again, over a potential investment. The audience figures this year are up by about, an amazing, 200,000 viewers across the week on last year. This is, in the main down to, a primetime slot on Sunday nights and a repeat at 8pm on Thursdays.
However I ask the question are we Dragons not looking a bit too smug this year? Here we are in the middle of the mother of all recessions and if someone is prepared to set up a business in these challenging times should they not be lauded rather than be lambasted as happens sometimes in the Den. I can’t excuse it, but even though I am integral part of it, I question the programme’s tone this year.
The producers are obviously feeling the pressure of the primetime slot and only want to feature the brilliant or the barmy. Anything in between is edited down or out. So you only get situations where the Dragons are battling with one another over a very good idea or you get the opposite, us Dragons, giving the false appearance we are queuing up to put the final nail in the coffin of someone’s dream. There is no middle ground because 21st century television demands jeopardy, you must always either win big or lose big.
Of course the producers are constrained by a strict format dictated by the programme owners, Sony Television, who stipulate how it is to be shot. In fairness who could argue with them, their show is now a success in 22 countries, so they know what works and what doesn’t but Ireland is in an unusual place at this time. More than ever start up businesses need to be encouraged and that is still must be the primary objective of Dragons’ Den.
It is alright, perhaps, for the BBC Dragons to be arrogant. That’s the UK but Ireland is still a community, one large family. I fear we, Irish Dragons, may be falling into that trap of appearing arrogant. The opening sequence has each of us with our arms folded, staring down the camera lens. This is the classic, formatted, Dragons’ Den look but for Ireland I would have preferred to see the Dragons with their sleeves rolled up working with some of their previous investments.
Also because it is series three we have all become very comfortable both in the Den and with one another. So if someone comes in and they have forgotten their figures, an all too frequent occurrence, because we five all know one another so well now, we are more likely to look and smile at one another but this can be misinterpreted as perhaps laughing and the promoter struggling in front of us. I know this is never, ever the case but it can appear like that.
These are not excuses it is just setting a record straight. For a fact I know both Sean Gallagher and Bobby Kerr do countless talks for free in Universities, colleges and schools and with Enterprise Boards the length and breadth of the country doing their bit to promote enterprise. Niall O’Farrell, has in my view, in this series made at least two investments because he was taken by the determination and drive of the promoters even if the rest of us saw no hope of a financial return in those two businesses. Norah Casey, who I am only still getting to know, but I can vouch I have witnessed her being very generous in one business dealing.
Another consequence of a primetime slot is the show gets constant promotion. But producers will always pick the sensational lines for a promo’. So when Bobby Kerr asks, “ why do I smell a rat here?” that can be edited to, “I smell a rat here” and worse is repeated in numerous promo’s, out of context, which I believe is not fair to Brian Lesley, the promoter, who was proposing modest charge to people who needed their debts managed.
The Entrepreneur Show
What a weekend, last Friday and Saturday and the Entrepreneur show. As a first time event it was a real success and congratulations to entrepreneur, Darren O’Toole who created and executed the show.
The exhibitors I spoke to were all quite pleased with the show but I thought there were far too many talks going on. It has to decide for the future is it a conference or an exhibition?
Too Many Talks
For those of you who didn’t get to the show it was in the main Hall 8 of Simmonscourt, so it was a very large exhibition space, larger than the Ideal Homes the previous weekend. On top of that you had four very large arenas for speakers like myself and my fellow Dragons and some Dragons from the BBC.
Why four arenas? It meant the crowd was being divided by five all the time, i.e. the four arenas and the exhibition hall. It would have been so much better to have just one arena or theatre with half hour talks. But as in business you have got to start somewhere and this was a brilliant start. I look forward to Darren and his team doing it next year.
New Ideas
At the show, everywhere I went, people came up to me with business ideas. I was only too delighted to stop and chat. We have enjoyed a great season of Dragons’ Den on TV and the Irish public have been so supportive so I, and my fellow Dragons, were keen to give a little back. I actually did see a few ideas with real potential. A anti burglar device for sliding patio doors, a gift wrap alternative and a new twist on a scissors.
But coming up with a prototype for a good idea is so long away from an actual successful product. Through the Dragons’ Den people have seen that I am a marketing person who can take a product from an idea to mass market and fast. Becuase it is on TV I actually pay to do that. I invest in the company.
But I assure you the real investment is my time. To bring the Toilet Pipe Cover, the HidBin or TanOrganic to mass market success requires a huge time commitment.
I am very fortunate that the very large Corporations will pay large fees to retain me to advise them on their strategy and launch of new products or brand extensions. But this leaves me with hardly anytime to look at ideas other than those I have invested in on Dragons’ Den.
The Cost of Going to Market
What I am saying is if somebody came up to me with a brilliant idea I can tell you to get it to a ploace where people are aware of it and are looking to buy it in a shop takes at least €250,000 on marketing. And with marketing you need the very best advisors so as little of that spend is wasted.
Look what I am saying is, a good idea is only the very start. Imagine where TanOrganic would be now if Noelle O’Connor had not been brave enough to go on Dragons’ Den. I still believe Noelle is such a trooper that she would have got the product to market but it wouldn’t be the household name it is going to be by the end of 2010.
All the creativity that goes into inventing something is fantastic but you need to spend more time thinking about how are we going to get people to buy this product?
It all begins and ends with Marketing and Sales.
Finally – Best Speakers
Doug Richards who resigned from the BBC version of Dragons’ Den after two seasons to go off and manage one of the world’s big venture capital funds was at the show and was a great contributer. He is an expert in Technology but was alos great fun.
The speaker that impressed me most was Ian McDonald of weedle. Ian was one of the team behind Perlico and he has taken the money he made from its sale to Vodafone to now have a go at a skills version of Linkedin.
I didn’t get to hear it myself as I was speaking in the various arenas all day but Rachel Elnaugh’s talk was considered by many to very inspiring.
Keep it touch with my blog, next Blog Friday.
The Final Curtain
I was so disappointed tonight. I think it is the first time I have been caught on camera looking really annoyed. I made a hash of it. I loved Grab Radio but said I was out. But I was deploying an unusual tactic. If you are out but another Dragon makes an offer and it is not accepted and a negotiation starts you can come back in. It has not been used as a tactic in the Irish Den but it is used in the Dens in both Canada and New Zealand quite a bit. Aonghos O’ nEocha grabbed the offer and I was blown out. Good enough for me. You can be too smart assed for your own good at times and this was one such occasion.
I do hope Susan has stuck with Seka Cosmetics but it needed work.
Now you know my views on golf, but, I was very interested in Cathal Boyle’s Easi Croc. I hate the name, I like the idea however in the end it just didn’t grab me enough.
David & Cathal’s Dabble appeared to have really irritated us. It is the luck of the draw. We start filming at 7am and by 7pm you can be very impatient. Sorry guys.
The Dragons will try anything. Seeing us there in the Nosey Rosie hats, what were we like?
Alan Rudden didnt ever get my interest. I just don’t see a r.o.i. in landscaping.
What a great way to end the series.
Daithí O’Regan was brilliant and he really pressed Sarah about her committment to manufacturing in Ireland. By the way all the women on crew on the set thought he was really handsome. Daithí thanks I still have your presentation hurley at home above our mantlepiece. Good luck to both Sarah and Daithí.
Herbie, Noelle and Mark in the RDS this weekend.
Don’t miss this weekend’s Spring Ideal Homes Show in the RDS, Friday, Saturday & Sunday. My investments, Herbie Porsche and his Toilet Pipe Cover, Noelle O’Connor and TanOrganic and Mark O’Loughlin of HidBin are all there on a big stand so please go along and say hello. Sean Lemass of SDL Exhibitions has been very good to us. He was so keen to have the guys along so Sean a big THANK YOU!.
Alright I am going to sign off.
Next Blog Monday Morning – Bye!
Any Marketing Geniuses out there?
Good morning what a fantastic Monday morning.
If you have just caught up with us recently, I blog twice a week. Thursday nights, 11:15pm, after Dragons’ Den is broadcast and Monday mornings. They are two definite updates but of course as you have seen I will also go in and update from time to time.
Looking for Great Marketing Ideas
There are now thousands of people following this blog. I am flattered especially by so many overseas friends from around the globe. This is a big resource and I want to use it.
So please check out www.TanOrganic.com and www.Hidbin.ie
I want your advice on how we should best market these two products. Gives us your views on both or which ever one takes your fancy.
Let me give you a bit of a steer. For Tanorganic, the 100% natural, organic, anti-aging, healthy, sunless tan-lotion I am looking to really grab the Irish public’s attention when it is launched mid to late May. I am thinking of billboards around the cities of Ireland and a large prize for the most beautiful tanned woman to appear actually live on the billboard and wave at people as they go by. Please don’t involve yourself if you think it is sexist or demeaning of women etc. It is a beauty product aimed at women and also it is a bit of summer fun. If you can’t get your head around that you are wasting your own and our time. Don’t restrict yourself. Let your imagination runawy with itself. Please submit your ideas for this one to info@tanorganic.com Now don’t restrict them to the billboard concept I just want you to know what I am thinking.
Hidbin, as you know is a synthetic screen hedging that neatly hides your ugly wheeliebins. “Making the unsightly unseen.” It costs €99 for a one bin unit and €179 for a two bin unit. Can you think of any guerrilla marketing tactics for this concept. Please send your best ideas to info@hidbin.ie
Our Last Show This Thursday
Thursday’s show is the last in the series and I genuinely believed they have saved the best to last. I am actually going to be out of the country with all the Dragons, well actually Sean can’t make it now. We are going on a late season ski trip to Zermatt. It is all down to Sarah’s great generosity. I am not the facebook type but I will ask Sarah for her permission to report from there and her wonderful chalet, www.chaletgrace.comI am told it is literally out of this world, so Bobby, Niall and myself are really looking forward to a few days ski-ing and crack with the hostess with the mostess.
Great Ideas and a number of Investments
The show on Thursday, and I will be blogging at 11:15pm directly after the show, features some really interesting pitches including an Irish developed, I-Phone App’ and you will also get to see just how bad Sean Gallagher is at hurling. If you are a Dragons’ Den regular and you followed last year’s first series I’d like to know why you think this was even better? I say it is better because the ratings are even higher. During the series the programme had a bigger audience than the main evening 9 o’clock news (Programme 6). That’s a large audience for 10:15pm and the viewers stay right until the end until well after 11pm.
Desperate Housewives twinned with Dragons’ Den
Also we are informed there was a very large number of female viewers. In fact the programme was “diaried” and “twinned”, we are told by the media buyers in the advertising agencies. That means about 125,000 women had two favourite shows per week, that they definitely would NOT miss. Desperate Housewives on Tuesday and Dragons’ Den on Thursday. Sean says he knows why, he claims it is his sex appeal. I argue his most endearing quality is his modesty. But if anything, I believe, it is down to the humour. Niall O’Farrell was just so funny at times this year. For example when he held up the Feel Good energy boost cocoa ball and said “It looks like something you’d find behind the couch,” I cracked up. Bobby can be so brilliant at giving fantastic advice to the point and succinctly and then the next minute he can crack a great joke. And all the audience research tells us women are fascinated by our Sarah. I feel privileged to be in such great talented company.
Eugenia Cooney Producer
Sadly not coming away on our little Dragons’ Den trip, though we did everything to twist their arms, are Larry Bass and Eugenia Cooney. Larry, the Executive Producer, is at the TV festival in Cannes this week. By the way that’s where he bumped into Mark Burnett in a lift in 2004 and that led to him acquiring the rights to both the Apprentice and Dragons’ Den. Both were invented by the genius of Burnett.
But the genius behind our Dragons’ Den is, Producer, Eugenia. She and hubby Ed’ are attending a family wedding this weekend and couldn’t join us. I would have dropped my family to go to Chalet Grace but Eugenia is a good Dundalk woman and they value family not like us south Louth, Drogheda types who eat their young, well that’s what they say about us in Dundalk.
600,000 Viewers
The success of the programme, and the almost 600,000 viewers a week is down to Eugenia who takes it from people applying to come on, vetting them, accepting a fraction to come to studio, recordings for weeks, editing down 120 hours to about 7 hours in total for the full eight shows of the series and she is across every item until the last credits roll this Thursday night.
We have been honoured to work with such a great leader.
I will talk to you on Thursday night.
Bye for now.
Mark O’Loughlin’s HidBin story
What is the ugliest and most unsightly thing in your home?
You and your family use it every day and it’s a necessary evil that we all suffer.
Imagine making it disappear but it’s still there when needed.
The offending article is of course your wheelie bin and my new product, the hidbin, does exactly what the name suggests. See it on www.hidbin.ie ……From Unsightly to Unseen!
I brought my new invention onto the Dragon’s Den this week and explained how it banishes the blight of your wheelie bins. It went down amazingly well and I walked out a happy man with my investment.
My name is Mark O’Loughlin and the hidbin, as pictured here, camouflages a garden eyesore turning it into a nice, neat, natural looking hedge. It’s simply a synthetic hedge on a steel frame, complete with lid and doors and for only €99.95 (incl vat) you too can turn the unsightly into the unseen!
For those who didn’t catch the Dragon’s Den this week (I’m acutely aware that it clashed with both ‘Lost’ and the Masters Golf), I marched up the stairs, removed the black cloth revealing an early prototype of the hidbin.
Then I turned to face the Dragons and nearly had a heart attack. It’s a daunting challenge but my firm passion and belief in the hidbin solution carried me through the next 45 minutes or so of intense questioning.
Memorised 2 minute pitch over, there followed an unnerving and rather long silence which I wish someone had warned me about. Richard Curran’s voiceover summarised things nicely, ‘it’s a simple aesthetically sound solution to an everyday problem’. Once the questions started I was away in a hack.
Clearly all the Dragons were enthusiastic. Niall O’Farrell, a bit of a design guru himself, said ‘it’s great and is definitely gonna work. ’ His constructive criticism has since contributed to perfecting the new and improved hidbin design. Even Sarah Newman exclaimed it was a pretty neat idea. She bowed out, however, on the grounds that some people can’t even afford their bin charges these days. My polite retort, sadly edited out, was that since the property crash the focus of people’s spending is very much on home improvement. Besides, with 27 million homes in the UK alone, the potential export market for hidbin is huge. 7 million of these are terraced houses, (we have 300,000 in Ireland) many of whom are forced to keep their bins out front by necessity. The hidbin gives all of us the convenience of keeping our bins out of sight and in whatever location suits best.
Nowadays most of us are lumbered with 2 or even 3 large wheelie bins. One hidbin unit comfortably covers a standard 240litre bin – 2 units together hides up to 3 bins as illustrated {on the right}.
Bobby Kerr loved the idea too but was worried I wouldn’t dedicate sufficient time and energy to the promotion of hidbin given my other successful business. Balderdash ! My retort, also not aired, was to point out that I certainly wasn’t the only person in that room with more than one business and it did not seem to have hampered their success. For the record, I also run SanctuarySynthetics.ie, – Ireland’s specialists in supplying and installing artificial child and pet friendly garden grass for the domestic and childcare market.
It was a rollercoaster experience. At one point I thought that they’d all want a stake. As Richard Curran said ‘there was a lot of love in the room for the big man from Kildare’. In the end I was delighted to team up with Gavin Duffy and am honoured to have such a respected mentor on board to help launch and establish the hidbin as a household brand.
Now for the blatant plug – we appreciate that this is a product people will want to see, touch and feel. Thus we are exhibiting at the Spring Ideal Home & Garden Show in the RDS next weekend where the hidbin will be displayed in a garden context. Along side will be 2 other successful Dragon’s Den entrepreneurs, Noelle O Connor with Tanorganics ( remember the girl in the bikini that Sarah Newman sent away halfway through the pitch ) and Herbie Porsche with his toilet pipe cover ( the guy wanted ‘money for Herbie’ ) – the Dragon’s Den dream team! You can also come to investigate and buy your very own hidbin at Bloom in the Phoenix Park on the June Bank Holiday weekend.
Last week in this column Kate Carmody of Beal Organic Cheese made a very cogent argument about Ireland inc and how we should maximise our resources, whether they be the natural grassland of the Golden Vale or our innate passion, innovation and ingenuity to create value added products which we can trade and export. Well done to both RTE and the Sunday Independent for giving the hidbin and other great ideas the invaluable oxygen of publicity, particularly given all time low national morale.
Finally, a sincere thanks to all my family and friends for their support and belief in my enterprise. Demand since the show has been hugely gratifying. By the way, the hidbin doesn’t just cunningly disguise your bins, a less obvious use can be seen by searching for hidbin on YouTube!
For more information call us on 045 579100 or visit www.hidbin.ie