Seth Godin's blog had a short piece entitled "Solving a Different Problem" that really resonated with us.
His piece noted that when the telephone came along, it had a challenge. Telegraph technology was well established and held four distinct advantages: "It was universal, inexpensive, asynchronous and it left a paper trail."
"If the telephone guys had set out to
make something that did what the telegraph does, but better, they
probably would have failed. Instead, they solved a different problem,
in such an overwhelmingly useful way that they eliminated the feature
set of the competition."
While we've talked about how the transition from written to e-signatures is like the transition from analog to digital photography, on further reflection, the transition from the telegraph to telephone is an even better metaphor (if a less recent one).
Let's see the similarities between Fax and Telegraph:
- universal: yes (more or less) for both fax and telegraph
- inexpensive: yes for both
- asynchornous: yes (your fax # just sits patiently waiting for a fax)
- paper trail: yes
That would sure seem to stack the deck against e-signatures. So why then is EchoSign up 250% in January? Why do 97% of our customers tell us they'll never go back?
Because electronic signatures solve a slightly different program in an overwhelmingly useful way ...
[Continued after the jump]