My 11-Year-Old Neighbor and Internet Business
Who says Internet business can't be adapted and put to profitable use by a youngster?
Here's an example of a young boy in my neighborhood that has chosen the Internet as his business contact and delivery mechanism.
You may have heard the slightly cynical phrase - "If you can't figure out how to do something on your computer, just find a six-year-old." There's a whole heap of truth to that observation. Anyway . . .
I learned about this kid in my neighborhood, who shall remain anonymous in case the child labor law spies are lurking about, that decided to run his business online.
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Anyone can choose a name. Anything will get you by. But the way I see it . . . why not find the very best name you can that will give value and meaning to your business?
One of the first considerations in choosing a name for your new online solo enterprise should be to find out if someone else has already reserved and registered the same (or a similar) name.
Does the headline of your sales ad or marketing piece really deserve 80% of the time you spend on writing the ad copy?
One of the ways solo business was conducted for many years in this country (U.S.) was by what I call "the one man band" business model.
There should be a number of considerations that you look at before you set a pricing structure to your products.
Was it tennis star Andre Agassi that proclaimed, "Image is everything!" in his popular commercials?
Have you ever noticed an advertisement in a magazine, a brochure, a newspaper, or online that looked like it was produced on an old typewriter?
More than anything else, marketing your business and your products effectively will make or break your company. Read that again.
Nowhere has the Internet made a more dramatic change in the existing power structure than in the business world.
One of my favorite mentors (even though I have not personally met him) is a gentleman by the name of Seth Godin. He was formerly the Direct Marketing Vice President at Yahoo!
Many businesses are simply little fish in a big ocean, swimming and scurrying about hoping to be noticed or "chosen" by those customers that want what they have to offer.
There is a huge amount of talk and banter these days about niche business and the necessity to focus your efforts in very targeted segments of your market sector.
If so, you need to do everything possible to increase the amount of traffic, the click-through response rate to your affiliate page links, and the relevance of your content to the product(s) you're promoting.
Malcolm Gladwell, a talented and observant staff writer for "The New Yorker," has written a little book that you, the entrepreneur, should read as part of your basic small business education.
Late in 2005 (December), several PR experts gave presentations at the Utah Information Technology Association's (UITA) gathering that was labeled: "PR Tips from the Trenches."
In 2005 I purchased and read Seth Godin's latest contribution to new age business thinking and culture and immediately was struck by it's logic, practicality and seemingly correct vision of how we must sell our products and services now and in the future.
Today's solo business owners have an amazing array of tools at their disposal to share their story and their wares with customers compared to days bygone.
Linking strategies for commercial web sites seem to be grabbing a lot of attention these days from marketing experts that claim in-bound links are critical to the search engine rankings.
You will hear me very often say, "You are the business." The solo Internet business operator is often an individualist that would rather be creative, adventurous, and find his own way over joining the pack.
Often, new business owners figure the only way to increase sales is to put your product or service in front of more people.
There are more ways to increase your sales than to just try to entice more and more customers to purchase your product by increasing your advertising budget.
When you think about it, there is no better place to find new prospects that may have an interest in your particular niche than to ask your satisfied customers to recommend their friends and acquaintances that have similar interests and passion for the subject.
A joint venture is simply a partnership created to take advantage of non-competing products or services that are extended to the customers of the partner's business(es).
I spoke with a young gentleman today about his dream to start a business. That's not a rare occurrence as I deal in such discussions quite a few times every week.
Over the short history of the Internet, there have been many creative and unusual strategies attempted by entrepreneurs to generate income, both as a means to make a living and also to simply add additional streams of income to the owner's business.
I recently viewed a video clip produced by John Reese that showed his amazing VRE strategy that added over $500,000 to his business the first year it was implemented (beginning in February 2005.) You can view the video for yourself: http:files1.reesereport.com/vrevideo.html
The premier search engine Google has come up with several programs that may be of interest to the solo small business owner. But there seems to be some matter of conflicting opinion about whether a web site owner should do anything to send his traffic away to someone else.
If you are a solo business operator and choose to increase the revenue generated at your web site, you have the option of employing Google Adsense advertising. I believe Yahoo and MSN also (or will soon) offer similar programs that allow the web owner to monetize his content.
Anyone that has searched online for information type products, and even physical products in some cases, has been offered one or more "bonuses" along with the purchase of the main product.
Most profitable Internet business owners will tell you that a consistent, fresh, value-packed email newsletter is one of their key ingredients to success.
Successful Internet business owners know that a consistent, fresh, value-packed email newsletter is one of the best marketing tools at their disposal in terms of both cost effectiveness and customer satisfaction.
Some solo business owners have experienced great success by marketing their company and products off-line.
I have not tried this strategy but I read about it and I think it would work extremely well in a solo home business application.
One of the greatest secrets to successful solo small business seems to escape many entrepreneurs.
I've noticed over the years that I've been online (since the mid-90s) a change that's taking place in the way Internet users are visiting web sites.
Before we get to today's post, I want to wish each of our readers a happy 4th of July! Take some time off today and enjoy the celebration with your family - I'm going to do just that since I wrote this post yesterday!
I mentioned in an earlier post that I thought press releases were one of the most effective yet misunderstood tools the business owner had at his disposal to market his business and drive targeted traffic to his products.
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?"
I've often spoken and written of the accelerated pace of business on the Internet. Online, everything moves quickly and changes happen almost overnight.
Did you know there are cheap places to display your small classified ads all over the Internet?
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.
Regardless of the size of your marketing budget, there are some business principles that should guide what you do, when you do it, and how you bring together the various elements of your business marketing.
In the previous installment, we discussed some basic business principles that should guide your Internet marketing campaign.
What I am about to say may strike a chord of discontent among many of you . . . but that's okay.
Affiliate programs have proven to be an important additional stream of income for many small Internet business owners.
I like to quiz solo business owners about how they spend their time in a typical week.
Most of us have been taught to value "more" over "less." The more we have, the better off we are.
If you were to hear this complaint (which by the way, I hear very often) what would you guess the business owner was really saying?
One-on-one advertising, that is direct response advertising, is designed to solicit some type of action from the viewer. It may also have the side benefits of building a companies brand or attaching credibility to a product, but the main desired outcome is still related to getting the customer to take action.
The other day I spent some time at Borders, the giant bookseller franchise that I often frequent when I'm searching for some Internet selling tips and advice that I can't find in the books on my own bookshelf.
No one knows the exact number, of course, but professional marketers generally agree that a strong and powerful headline accounts for 70-80% of the effectiveness of every advertisement.
I know of no other activity required of business operators that can be so frustrating, expensive, and fickle as the advertising game.
A friend of mine that worked radio and even a little television, but now owns a very successful Internet marketing business, once confided in me, "The trouble with business marketing is there's just too much of it!"
I visited a web site last night related to Internet marketing that touted all the methods the large corporations were using to build trust in the company - thereby reducing the fears of customers with the end result of making them more apt to make an online purchase.
Most marketing experts will tell you that they go to great lengths to try to draw the prospect into a sales pitch.
As we all know, the Internet has spawned a huge new industry of journalists known as "bloggers" who daily write and publish opinions and news in every imaginable niche.
Entrepreneurs are always thinking and scheming about ways to make a buck. That's what they do, isn't it?
The owner of a solo digital information business is the perfect candidate for a targeted niche blog authored by the business owner and directed to support and advertise the business and the product.
Writing enticing sales copy for ads, web sites, newsletters, etc. can often be a daunting task because so many different approaches seem to work equally well at a given time depending upon the target audience, the product being sold, the venue, etc.
When business owners develop a service or product that is designed for a highly targeted audience, they often struggle to find enough prospects gathered in one place to design a marketing strategy for the group.
One of the keys to selling products online is to somehow personalize your approach to the prospect.
I saw this question in a marketing magazine recently and it got me to thinking about the importance of defining what you expect your ad to accomplish.
Online business in today's marketplace has many advantages that the small business has never had in the past.
Often small business owners have little or no formal training or skill in advertising and marketing their products.
Grab any piece of junk mail and take a quick look at it.
Do you remember that line from radio and TV advertising of yesteryear?
You know what I'm talking about.
As the name implies, an advertorial is a cross between an advertisement and an editorial.
There is a simple and very straightforward way to engage your prospect in the conversation, or in your advertising, or your web site, or your email.
If you have targeted your customers properly, there will be few better or more productive business lead generating tools than to publish a "Tip of the Day" related to the education of your audience in your chosen niche.
The popularity of survey results in a specialized niche is undeniable. Customers and prospects alike love to be part of a survey and then look at the results.
If you're a blog author, you've probably contemplated what, why, and how you write.
Wouldn't it be great if you (and your solo business) were on the Rolodex of all the local and regional newspaper editors?
If you've read any of the material I suggest about marketing a small solo business, you know that I am a firm believer of very targeted marketing to customers that have shown an interest in your business or products.
Once you leave the corporate world (or any kind of job where you're an employee for someone else) for the adventure of solo business, it only takes a day or two before you realize that you're standing naked in front of the world hoping that somehow others are going to notice your business.
In our previous discussion, we talked about the fact that a new business owner cannot rely upon "the corporation" to provide him with contacts, invitations to events and groups, company resources, credibility, etc.
Here are some additional suggestions on ways to begin a business network of contacts and support if you are creating a solo business:
I'm going to tell you about some marketing tactics that every solo business owner can use to reach a broader market and ramp up online sales.
In the previous article, we began our discussion of some marketing tactics that fall under the title of "piggyback marketing."
In the previous two articles, we have been discussing some marketing tactics that fall under the strategy of "piggyback marketing."
/>We are continuing our discussion of some marketing tactics that fall under the strategy called "piggyback marketing."
Here's a quick tip that I've used on several occasions to get me over the direct marketing hurdles of creating a winning headline, effective ad copy, layout questions, developing a good offer, finding the best sizes, etc.
Both online and offline small businesses can create and distribute product and service offerings very cost effectively through the use of coupons distributed to their niche market.
A friend of mine inherited a small gas station from his father.
What I'm about to describe to you is an actual example of the creativity and ingenuity of a small business owner.
Marketing a small business can be a daunting task for the owner that has no previous marketing experience.
Every small business owner wrestles with understanding how to increase his business.
Times are changing and every solo business owner needs to design his little company in a way that it can be globally competitive.
Here's a very powerful marketing strategy for every small business owner that has ever wanted to "force" his clientele to identify with him.
Of all the tricks and strategies that direct marketing professionals have devised over the years to increase sales and push prospects to take action at crunch time, maybe the ultimate trick is employing the "scarcity" factor to a product or service.
Buyer beware! Many a novice business owner has charged into the pay per click advertising world (PPC, for short) with high expectations of mega targeted traffic at small cost and come away with an empty wallet, few or no sales, and a vow never to waste money again in that arena!
Yes, bumper stickers have been in use for a very long time. In fact, they continue to be an excellent strategy for small business because the cost of employ this strategy is minimal but the exposure it can give your business can be great!
Who hasn't received a mailer that included an offer to purchase a product or try a service with the stipulation that all you have to do in order to activate the offer is peel off a pre-printed label and stick it in the box marked "I ACCEPT" and then send it off in the mail?
