Reframing the Photo Market

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Visits 4 Visits
Ratings 0 Ratings
Duration: 5:04
Source: Stanford ECorner
Author: Jeff Housenbold, Shutterfly
Copyright: Creative Commons: by-nc-nd
Found: Nov 5, 2009

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But I was my high school and my college GeoBook photographer. And my wife and I, we have three little boys who are 3, 4, and 6 now. We spent $1,900 on Shutterfly the year before I even joined, and we used it. As I was stepping back, my wife has a work in MBA and she worked at Baine and was a mom. And we were busy, you know, duo wage income family, with friends and family geographically dispersed across the country. We were using Shutterfly to stay connected to people. We were using it as a creative outlet. My wife was a physical scrapbooker and I was a photographer. And were kind of characterizing and capturing life’s events and we want to share our memories and tell our stories with people who are close to us. And when I looked at Shutterfly, I kind of said, "Wow! It's a photofinisher." It competes with Kodak and it competes with Snapfish and competes with Wal-Mart and Costco and Yahoo!. There's nothing really special and different about it. But as I expanded my perceptional map about what it could do, about a personal publishing platform and about a social expression vehicle for helping people stay connected, that became interesting to me. I ended up joining January of '05 and had been running Shutterfly for a little over three years and we took the company public five quarters ago. And when I first joined, we were about 10 points behind Kodak in market share. And now, we've passed them to be the market leader and we've expanded this notion beyond photofinishing to be really one about personal publishing and social expression, but we're doing it for relationships that are closer in. So people ask me, how am I competing with Facebook and Flickr? We're really not trying to. So if you think about these concentric circles, it's you and your immediate family, your close friends, your colleagues, people who you've had shared memories and shared experiences with, and then people who have shared interest, and then the Internet. And so let me explain a lit...
Language: English
Category: Business
Tags: Jeff Housenbold, Shutterfly
Country: United States


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