Business Alone

If you were to ask me that question face to face, I'd probably do a double take and say something stupid like, "You have an advertising budget?"

You see, most small solo operators that I know begin business on a shoestring and a prayer. They spend as little as possible on their business in the hope that they can begin to grow revenues and extract operating income from that stream.

It usually makes more sense than maxing out a credit card with the hope that the new business revenue will service the monthly debt until the card is paid off.

Often, a business owner will have no specific marketing plan in mind. In fact, he may simply try to get the largest bang for the buck that he can buy.

Obviously, there are some subscription or membership models that make more sense than others. I'm sure there are profitable membership models in every industry and niche, but there are some models (regardless of niche) that seem to thrive on the subscription web site platform.

I was once a member of a professional organization that catered specifically to subscription web sites. I joined, not because I had a site, but because I was contemplating starting this type of business and wanted to learn all about this model prior to actually committing money to the idea.

I pulled out some notes I had written about the topic (because this organization is no longer in business) and I can share with you the five types of subscription models that are typically the most profitable.

I've often spoken and written of the accelerated pace of business on the Internet. Online, everything moves quickly and changes happen almost overnight.

It seems products, businesses and the strategies used to reach customers are here today and gone tomorrow.

Press releases and the way businesses keep in the public eye have also changed significantly with the speed and open access of the Internet.

Just a few years ago, press releases were confined to a very predictable format and were used to relay certain kinds of company highlights and events to the mass media.

Today, things have changed and press releases are nothing like they used to be. Here are some of the changes:

You would think most people are rational when spending money on products and services that they find online. After all, the complete information about the product is readily available right on the Internet.

You can also quickly compare prices, shipping, and other factors between two or more sellers to assure you're getting the best deal possible.

I'll admit that I've spent hours online comparison shopping, researching benefits and features, and reviewing the sales pages for just one item I wanted to purchase.

The time I spent online was probably worth way more than the product I was after.

It's only been since the late 1990's that marketers are able to look at the phenomenon of Internet purchasing.

It's really too short a time to accurately begin predicting more long-term trends and patterns that will spill over into the future.

Initially, most online prospects were hesitant to give up credit card information and personal data required to make a purchase. But by about 1998 or so attitudes toward security began changing and customers were more at ease in divulging their information.

As I have watched Internet business begin to grow and mature, I have noticed that certain recurring patterns seem to play themselves out over time.

Observing these patterns and keeping a careful eye on emerging trends will help the solo entrepreneur position himself and his business in a way that will benefit his revenue generation.

Did you know there are cheap places to display your small classified ads all over the Internet?

How successful you are will depend upon a number of factors, but doing your homework in advance will increase your chances greatly of having a profitable campaign.

There is a lot of psychology that goes into developing a winning classified ad - much more than can be discussed here. But you may want to try a few inexpensive ads while you're learning about the subject so that you understand the process of finding good sources and writing tantalizing copy.

For many years marketers have known the popularity and selling power of contests that are offered to prospects and customers.

On the Internet, a fun and profitable (for the participant) contest can to lead to increased traffic and site popularity, returning customers, and word of mouth advertising among family and friends.

The contest you offer doesn't have to be especially costly, cutting edge, or filled with large cash prizes. Since you are working in a specific niche, the contest and the winnings should be somehow related to that niche.

If, indeed, the Internet is a great information highway with traffic, data, digital goods and services, and communications whizzing back and forth at the speed of light, it would be worth the effort for every business owner to create as many links to that highway as possible.

Think of these links as little roads that feed a tiny portion of this traffic back and forth between your small business and the super highway.

Every business connects itself (or should) to the highway traffic. Some do a great job of it and others don't. Each owner determines for his business, both the number roads leading in and out and the ease with which those roads are found by passers-by that have an interest in this side trip.