Creative people like to create – no surprise there. But many problems creatives face have little to do with making things. The top gripes I hear from creators, designers, writers and programmers, are solved by thinking about demand for their work, rather than making more of it, or trying to make it better.
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Any intro to economics course pummels students with endless variations of curves like the one above. Right now thousands of MBA students are watching professors prance around charts, and point to curves that look much like this one. And its for good reason: there’s some smart theory of commerce that everyone should understand, even in the oversimplified way I’m about to describe.
The demand side of creativity
Pop quiz: Assume you are in a market with more supply than demand: you have 20 widgets (or great ideas), but your customer (your boss) isn’t interested in paying much for them.
If we think of the chart there are three choices:
Generally designers can’t do #1 – especially if they’re on a salary. #2 is fun, but requires a fast stapler and good aim. Leaving #3. Something has to be done to shift that demand curve to the right.
So how does a creative person increase demand for their work?
You get the idea – someone has to do marketing for your creations, and that’s a different skill, and philosophy, than creation itself. Often this is the role design managers or creative directors are supposed to play, but its rarely as much fun for them as working the supply side.
A more accurate discussion of how supply and demand curves work can be found at netmba or at wikipedia (where the diagram above is from).
Have other demand side activities that creatives can use? Let me know.
Hi Mike!
How can you both increase supply and demand at the same time?
What I was trying to say, and perhaps I botched it, was that marketing yourself successfully would increase the perceived value of your work, increasing demand without any change in supply. Do u agree with that?
Really interesting post.
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[...] Zone of Terror at all costs, meaning many will avoid Poland’s bars. If you’ve studied Supply vs Demand in economics then you know that as the demand goes down so does the price. However, in this case, [...]
Hey Scott,
Just one comment. If the boss isn’t interested in paying more for ideas then a shift in demand due to marketing would be detrimental to your ability to sell ideas. The shift in demand must be accompanied with an increase in supply in order to keep the price stable. The ultimate outcome of these two shifts would be an increase in ideas sold.