Business Alone

Of course the type of business you run will often dictate the accepted and profitable practices that are used in your industry.

Your brand may be strong enough that having a slogan may be overkill.

But in most new business situations, I think it's preferable to add a useful slogan as opposed to relying upon your business name alone.

I said "useful" and that is important.

Just adding any slogan because it sounds cool or looks good in the logo probably won't help your marketing cause much.

But if you develop a slogan that tells a story and brands your business in a useful way, it can become a great advantage to you over time.

It seems that the new American Dream is to own a business of your own. No longer is it much of a dream to own a single family home. Everyone seems to have one these days.

I want to caution you, though, that you need to be very cognizant of why you are going into business for yourself.

Of course there are many different reasons why you start a solo business.

But when an entrepreneur tells me that his main reason for going into business is so that he can get way from his demanding boss – I begin to see some red warning flags about that person.

I wonder if he really has what it's going to take to be successful as a solo small business operator. Why?

Affiliate programs have proven to be an important additional stream of income for many small Internet business owners.

It is not a "cure all" for lack of sales at your own web site as some self-proclaimed gurus have stated.

You must first determine if adding affiliate sales to your overall marketing strategy is a positive step or one that will detract from your web site's mission.

There are some types of business, and certain niches, where selling other's goods will not help your own cause.

This may seem obvious, but I see this mistake being made all over the Internet - don't sell competing products or unrelated (to your niche) products in your affiliate program.

I like to quiz solo business owners about how they spend their time in a typical week.

That's about the right length of time (seven days) to measure both simple and complex tasks that the owner completes.

I find that most do very little active marketing. I believe that's a big mistake for a small business. But here's an even bigger one:

The tendency for most solo business owners is to focus on extending "reach," the breadth of the company's range of customers. They try to market to prospects that are new to the company.

Big Madison Avenue advertising agencies need to know what customers think about specific companies (their clients) and the products and services they sell.

They create branding messages, images, and positioning for these companies that affect how the business is perceived by the general public.

Such information can be helpful to a small business as well; however, most small businesses are not in a position to be able to afford this level of outsourcing and detail in their marketing.

Still, there is an easy way to check on consumer sentiment about the companies that do business in your niche.

As the title implies, there is a business principle that all great companies adhere to that produces wealth and abundance beyond the infusion of cash into a business.

It is the principle that value can be created in a business in ways other than by direct cash deposits. It's a pretty simple concept, really, but many folks looking at business from the outside (like an entrepreneur deciding that he wants to create a business) don't think about growing a valuable company from within without spending money to do it.

Why is owning a business so profitable? Why is small business such a prized and universal dream for so many people?

Most would tell you that the reason they want to have a business is for the income stream that it can provide.

I'm always amazed that entrepreneurs are so anxious to spend their money.

I think the traditions and practices of the past have spilled over into the Internet generation of entrepreneurs and clouded the view of some soon-to-be business owners.

They feel that the old business cliché "you have to spend money to make money" still holds true.

I want to challenge that notion and tell you that you can play that game if you want to, but I would strongly advise a different approach.

I want to suggest that you conserve as much cash as you possibly can as you begin your new small business. Look for ways to save money instead of focusing on all the possible things you could spend your money on.

We've all heard the "knock" about web surfers - they stay at a site long enough to quickly glance or skim the home page "above the fold" and they're gone in seconds.

Is it five seconds, seven seconds, twelve seconds? Who knows?

The point is, the web site owner is granted only so much of the surfer's time online and he'd better make a good impression during that time or the prospect will most likely never return.

Of course there are a lot of elements to making a good web site impression. I'm only going to talk about one small piece of that puzzle right now: page load time.

The web site owner is granted only so much of the surfer's time online and he'd better make a good impression during that short time or the prospect will most likely move on to the next site on his list never to return.

Of course there are a lot of elements to making a good web site impression. In this installment we're only talking about one small piece of that puzzle right now: page load time.

That's the length of time, usually measured in seconds, from the instant a viewer clicks on his mouse to head to a particular web site until the point at which that web page is fully loaded in the viewer's browser.