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December 14, 2006

Keyword Research for the Beginner - Part 2

Keyword research lets you target your prospectsOnline business owners need to become familiar with the concept of "keyword research" because it will allow your business to open its doors to the specifically targeted customers that will buy what you offer.

The concept of "keywords" is a detailed and somewhat technical field, but it is one of the most important parts of every online business owner's strategy to marketing successfully.

In our previous discussion we talked about what keywords are, why they are important, and how they are found. Let's dig a little deeper now and show you how to research the keywords and phrases that are most relevant to your business.

Let's spend some time and talk about how to develop your keyword strategy.

Continue reading "Keyword Research for the Beginner - Part 2" »

December 18, 2006

Online Business: How to Get Going!

Start a business right now!I'll admit it . . . I'm a victim.

So are thousands of other would-be entrepreneurs that never start a business because they just can't seem to find the traction to get going.

Sure this is a big step . . . sure there are lots of reasons to begin slowly and not jump into the water that's too deep or too swift until you know how to swim.

Yes, careful planning and thoughtful mentoring will certainly increase your chances of success.

Regardless, the first step is always the hardest!

So many, many people have great difficulty in setting themselves in motion. The reasons are many, of course, but the sad truth is that many dreams fade as the morning breaks because the dreamer can't get out of bed.

Indecisiveness, over-analysis, and the fear of making the wrong move stop many people in their tracks and paralyze them from ever planting and growing their own small business idea.

Continue reading "Online Business: How to Get Going!" »

January 11, 2007

Strategic Thinking for the Solo Business Owner

Reactionary thinking vs. strategic thinkingDo you have the proper mindset for solo business?

As more and more "regular" folks move online to start businesses, it is quite apparent that not all of them think about their businesses in ways that will help them to become successful.

And you really can't blame them for this thinking . . . after all, very few entrepreneurs are involved in some type of formal business education prior to setting up their shop.

Typically, Joe Average (and I'm not using that name as a "slight" or criticism in any way) decides that his fortune lies in being his own boss. He's had it with working for other people and wants to try his hand at self employment.

Joe hears or reads that there is a lot of money to be made on the Internet. And because the barriers to Internet solo business are minimal, he ventures online to make his fortune selling ____________ (whatever.)

Continue reading "Strategic Thinking for the Solo Business Owner" »

February 5, 2007

Understanding Your Market Niche

Understand your market nicheThink about your experience as a customer in any particular niche where you were seeking information. Do you remember how frustrating it usually was to try to have certain "knowledge-related" questions answered?

Do you remember spending many minutes (sometimes hours) trying to figure something out that could have been shown to you quickly and easily had you only known where or how to ask for an explanation?

Understanding, expertise, and knowledge in any niche comes from learning, training, experience, and paying attention to details.

I believe anyone can become an expert in almost any niche given the right approach. Let me explain what I mean:

Continue reading "Understanding Your Market Niche" »

February 19, 2007

How Well Do You Understand Your Market Niche?

Understanding your niche marketA sound marketing plan is very important to the success of any solo online business operation.

Your plan should include areas of focus like niche market research, the customer profiles that you have targeted, an analysis of your competition, your positioning, the products and services
that you are selling, your pricing plan, and your advertising and promotion details.

Do your homework before developing your market and niche plan. Effective marketing, planning and promotion begins with solid data and information about your specific marketplace and the sub-niche you have chosen.

Your business will benefit immensely by the amount of quality information and thoughtful pondering your give your plan.

Continue reading "How Well Do You Understand Your Market Niche?" »

February 26, 2007

Customers vs. Clients - Do You Know the Difference?

Customers vs. ClientsI'd like to talk about a way to conduct your solo business online that will bring you all the profits and business that you can handle. What I'm speaking about has as much to do with your mindset as it does about your strategy or business system of operating.

If you will adopt an "MO" (a method of operating) that includes what I'm going to describe here, your business will automatically be differentiated from your marketplace competitors. You will have a unique and wholly creative business that your clients will love and clamor for.

What I'm talking about has nothing to do with your chosen business niche, per se. This model can be implemented in any niche market, with any product or any service.

In addition, anyone can adopt this business mindset as it is totally age, gender, culture, education, and experience independent.

Have you guessed yet what I'm talking about? Yes, the title of this post should have given the secret away.

Continue reading "Customers vs. Clients - Do You Know the Difference?" »

March 19, 2007

Home Business: Get Lean and Mean!

Big business is slow and fatGive me one good reason why you feel you can't compete with big business?

I know, I know - the image of the giant squashing the little guy with no effort at all can be pretty intimidating.

You wonder . . . "How can you and thousands of other small-time operators working out of a home office compete profitably in customer markets where the big boys have their products stacked high and deep and their margins honed razor thin?"

Just how do you run a bootstrap operation and attract customer interest and trust in the midst of mammoth ad campaigns, huge branding budgets, and non-stop glitzy intrusions?

Continue reading "Home Business: Get Lean and Mean!" »

March 22, 2007

Pick your battles - stay clear of the Big Boys!

Dig deep into your market niche!How many folks do you know that have had a great business idea, but never got going because they figured they couldn't compete with Wal-mart or just big business in general?

Maybe you've experienced some of those thoughts.

I have a sense that this "road block" stops many aspiring small business owners from ever pursuing the dream of going into business for themselves.

Listen . . . there are hundreds of thousands of solo small-time operators working out of a home office competing profitably in customer markets where the big boys have their products stacked high and deep.

Here's the key: choose your niche wisely, specialize deeply, focus on your strengths, and forget about going head-to-head with the juggernauts.

Let me give you an example.

Continue reading "Pick your battles - stay clear of the Big Boys!" »

March 26, 2007

Home based business is nimble!

Your solo home business should be nimble!Large business organizations are like 1,000’ cruise ships: they’re slow to get underway, slow to bring to a halt, they require a very wide turning radius, take a large crew to man properly, and tons of daily fuel to propel.

And, oh yea, they’re loaded to the hilt with baggage!

Operating such a beast requires a crew of thousands and enough financial and physical resources to run a small country. I’d be surprised if some of these vessels don’t have their own zip code!

You, on the other hand, in your home based business, are a one-person dingy – a tiny drop in the ocean, so to speak, that better stay clear of the path of these giants or you’ll be sucked into their wake and lost at sea forever!

But there is a way . . . a secret way to survive . . . and even thrive!

Continue reading "Home based business is nimble!" »

May 10, 2007

Need a Great Idea for Your New Home Business?

Think about your own skills, experience and training.I sincerely believe that a successful business can be created around almost any marketable idea.

I also believe that every person has hidden away in his/her mind, a potentially profitable business idea that can be made marketable in the right hands.

Your task, as I see it, is to identify the idea(s) that has this great potential and test it to the extent that you're comfortable with it becoming the basis of your new business going forward.

So how do you pull this good business idea from your mind? Where do you go to find it?

Continue reading "Need a Great Idea for Your New Home Business?" »

May 21, 2007

My 11-Year-Old Neighbor and Internet Business

My young friend and his Internet businessWho 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.

Continue reading "My 11-Year-Old Neighbor and Internet Business" »

May 28, 2007

Your Job: Here Today - Gone Tomorrow!

Make your own financial future!Are you prepared for a job change?

Any one of a thousand catastrophes could hit your employer in these uncertain economic times. Even positive business events like mergers, buyouts, and spinoffs can have serious negative impacts on your ability to keep fulltime employment and draw a paycheck from your employer.

Your job could be gone tomorrow; it happens to thousands of hard-working employees every day. Today you're gainfully employed - tomorrow you're job hunting!

But enough of the gloom and doom . . . let's talk about an amazing new job alternative that you can take advantage of today that has the power to refresh your life, secure your financial future, and turn the tables 180 degrees so that you become the owner of your own business and the master of your own destiny!

Continue reading "Your Job: Here Today - Gone Tomorrow!" »

June 4, 2007

What You Need To Hear About Startup Business Packages

Beware of business startup packages!The Internet landscape is saturated with claims of easy, automatic, guaranteed, wealth-building packages and lucrative startup systems that anyone can do with minimal effort and wild success.

These offers often seem so "right" for the novice just starting out in business because of their supposed ease of setup, lack of real work, and mega-profits that are "guaranteed."

But I will tell you: don't waste your money or your time on these products, and above all, don't get discouraged that you're getting left behind if you don't hit the "buy now" button before 12 o'clock midnight when the offer goes away!

The self-proclaimed wealth "gurus" that produce these products can't guarantee you anything.

It's so easy to get hooked on their outrageous claims of mega bucks for little or no effort.

Continue reading "What You Need To Hear About Startup Business Packages" »

June 11, 2007

Canned Startup Packages: You Can Easily Identify Them

Avoid business startup packages!My friend Jeff had tried three different business creation "systems" or turn-key packages over the past few months that had initially sounded like they were exactly the solution he needed to profit from his own online business idea.

But for various reasons, none of the systems had given him even one dollar of revenue to date.

Jeff just couldn't understand why he had failed, and why his purchases hadn't produced the income he was counting on.

With slight variations, these are the common themes of the systems Jeff had purchased:

Continue reading "Canned Startup Packages: You Can Easily Identify Them" »

July 5, 2007

Buyer or seller mentality - which do you have at startup?

Buyer or seller - which one will I be?Most new business owners tend to be great advocates for their product or service as they prepare for their business launch.

They become cheerleaders and proselyters for their product's features, benefits, and usefulness. They want to shout to the whole world that their "baby" is being born and it's the greatest improvement to ___________ of the century!

Do you know what I'm talking about? Have you ever felt this way?

I think new business owners are better served at the outset by playing the role of buyer or consumer of that product. Here's why . . .

Continue reading "Buyer or seller mentality - which do you have at startup?" »

July 30, 2007

Swipe Files: A great way to store away your ideas!

Do you have a swipe file system?It's a nasty name, "swipe files," but it's an idea you should implement immediately if you haven't already gotten yours started!

If you're like me, you run across great little ideas and tidbits on the Internet every day.

But if you don't record that idea, or web site, or reference, or "how to" hint for later recall, you will have forgotten that even existed within a day or two.

If you've been involved in copywriting, direct ad creation, web site development, graphics creation, email headlining, and any number of other online business tasks, you've probably heard the term "swipe files."

That's kind of a nasty or unpleasant term, but the concept is smart and the results of you building such files will be significant as you venture into your new information business.

If you don't know what a "swipe file" is, or you're not convinced you need one (or several), read on.

Continue reading "Swipe Files: A great way to store away your ideas!" »

September 10, 2007

How to tell if the business name you want is still available

Choose a business name that is unique!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.

You can hire this chore out to a professional firm if you have lots of money for such things or if you don't trust your own research capability.

Handing this chore off would probably be a good idea if you were treading on thin ice with your preferred name. For example, if you planned to register a name that is very close to a protected name, something like Amazon Jungle for your new book service, you may want to put the burden of proof on a company that will guarantee their results and have the legal muscle to steer the process through to conclusion.

Continue reading "How to tell if the business name you want is still available" »

September 27, 2007

The Internet is much more than a marketing vehicle!

The Internet allows the small operator to thrive!I was thinking the other day about how my tastes, preferences, and attitudes have changed over the years since I was first married and had four little ones running under foot.

All my children have now reached adulthood and I'm called "grandpa." (By the way, for any of you staring a similar transition in the face - it's a wonderful thing! It beats the alternative, doesn't it?)

I don't read the same things that used to interest me. I don't watch the same TV I did back then (mostly "kiddie TV" to keep the wee ones happy). The Internet was not around yet.

Continue reading "The Internet is much more than a marketing vehicle!" »

October 11, 2007

I've heard a lot about MLMs. Just what the heck are they?

Just what is the MLM business model?You're asking the wrong person, I'm afraid. I'd like to hear from some of you out there in Internet land that have experience in this arena.

It's not wise to take advice from someone that has never been involved in MLMs or to make an assessment of their value, potential, and advantages or disadvantages.

Let me just set the stage with this short introduction to get you going:

MLM is short for Multi-Level Marketing. It is the type of business opportunity that appeals to many people because the business model and products have already been proven by others who have been successful at it.

Continue reading "I've heard a lot about MLMs. Just what the heck are they?" »

October 22, 2007

Forget trying to create desire for your product!

Find a prospect's desire and fill it!Most of the Internet's best marketing minds agree on this philosophy:

"Don't try to create interest and excitement in your prospect for your product. Find an overwhelming desire already in your prospect's mind and fill it."

What does this idea suggest? Simply this . . .

Continue reading "Forget trying to create desire for your product!" »

November 1, 2007

The old solo business model: freelancers!

Freelancer or small online operator?Just a few years ago, if you owned a solo business and contracted your time and expertise out on an hourly basis, you probably called yourself a freelancer.

Maybe you were good at writing, or typing, or graphics design, or doing research.

Whatever the skill you possessed, you found you were able to hire your time out to others on an hourly or "per job" basis. It seemed pretty nice at the time.

Hopefully, you enjoyed whatever it was that you did because you were being paid to perform that function only as you were able to produce. Typically, the more hours you spent in someone's service, the more you got paid.

Continue reading "The old solo business model: freelancers!" »

November 5, 2007

The old solo business model: professional services!

A new way for professionals to do business!Most of the professional solo businesses that I am aware of have followed a very traditional model in how the business is set up and operated.

Most attorneys, doctors, counselors, and accountants design their practices around the way their predecessors did business before them.

They may decide to locate in a single office or they might opt for a group setting where several others of their practice get together to take advantage of a single building with a common reception area, staff of office assistants, and shared billing system, parking lot, and rest rooms.

Each professional is in business for himself, but his business only thrives as he is able to apply his trade.

He bills at an hourly rate, sees whom he chooses, and sets his own schedule, although his assistants really handle the appointments and flow of work throughout the day.

Continue reading "The old solo business model: professional services!" »

November 8, 2007

The old solo business model: the one man band

Are you considering a 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.

An entrepreneur would create or find a product and proceed to sell that product to as many buyers as he could find. Sometimes the owner would develop a full line of products offering the consumer many styles, sizes and other choices.

The one man band was many business employees rolled into one. He did the research and development on the product, the manufacturing and/or purchasing, he was the salesman, the secretary, the customer service representative and the business owner all at the same time.

Continue reading "The old solo business model: the one man band" »

November 15, 2007

The old solo business model: the shopkeeper!

Are you going to be a shopkeeper?Since the beginning of time, solo business persons have opened and maintained retail stores that sold products to walk-in customers.

Sometimes the stores featured only specialty items, like a bike shop or bakery. Others carried a range of goods (like a mercantile) but remained small enough that one person could man the shop by himself and perform all the daily functions necessary.

There would be goods to order from manufacturers or wholesalers, shelves to stock, customers to wait on, books to be balanced, and cleaning at the end of the day.

Continue reading "The old solo business model: the shopkeeper!" »

November 19, 2007

Solo information business is made possible through owner leverage

Your solo business needs maximum leverage!If you are serious about starting a small solo business, there is no greater lesson to learn than how to apply the principle of maximum leverage to everything you do in your business operation.

Your survival, and ultimately your success, will hinge on how well you grasp the concept and make it your slave.

It's a difficult lesson for many, partly because most of us rarely practice applying leverage in our own personal lives. We tend to get complacent and accept low output and/or maintaining the status quo as our daily M.O.

Continue reading "Solo information business is made possible through owner leverage" »

December 6, 2007

How to be a star in your customer's eyes!

Dazzle your customers!Here are a few ideas that may be useful as you consider what you can do to become a star performer in the eyes of your customers.

In a solo business, it's easy to understand why most customers don't differentiate the owner from his business. If you, the owner, treat the customer poorly, your business stinks (even if the customer actually likes the products you deliver.)

And when your offerings disappoint, you, the owner, take the black eye.

It's understandable since the customer sees you and the business as one and the same.

Continue reading "How to be a star in your customer's eyes!" »

December 10, 2007

Will your business idea be successful? Check it against these standards.

Will you be a successful business owner?Every business begins with an idea. The idea may or may not be your own, but it will determine, to a large extent, the success of your business.

So it follows that finding a good idea, the right idea for you at this time and place, is paramount in your attempt to begin a solo business.

But how do you know whether you have a good business idea or not? How do you know that the product or service you will offer will be something that others will buy?

Maybe you trust your brother-in-law Harvey's opinion that "this business is going to revolutionize the future of every man, woman, and child living in the free world."

Continue reading "Will your business idea be successful? Check it against these standards." »

December 17, 2007

If you decide you want to purchase a business, make sure you know exactly what you're buying!

Do your homework first when buying a business!I don't always recommend that you seek out an attorney and a financial advisor for your business safety and peace of mind.

And most of you know that I don't recommend the solo business owner buy an already established business.

But if that's your intent, and you have thoroughly checked out the business as I have suggested elsewhere, you still need to make absolutely sure this transaction is exactly what you intend. Surprises are not a good thing in this business.

Since you will most likely be investing a good deal of change in your purchase, and you will be spending the better part of your waking hours on managing your new "used" company, you would be well advised to consult with legal and financial counsel prior to closing the deal.

Continue reading "If you decide you want to purchase a business, make sure you know exactly what you're buying!" »

January 21, 2008

Product pricing and its effect on your overall sales goals

How to price your product!There should be a number of considerations that you look at before you set a pricing structure to your products.

But many entrepreneurs don't think much about an overall strategy. They believe they are limited in their ability to set prices beyond a certain range.

Let's say you decide to sell a DVD, for instance, that you produced yourself called "The Ups and Downs of Exploring the Grand Canyon on a Pogo Stick!"

Continue reading "Product pricing and its effect on your overall sales goals" »

January 24, 2008

The pricing trap: trying to undercut all your competitors!

Undercutting leads to challenging executionIf you play the "we guarantee the lowest prices" game, you will usually regret the decision. Of course, only you can be the judge as to your approach to pricing your products and competing in your niche markets.

But I will tell you that unless you are into razor thin margins and moving lots and lots of products, undercutting competitors is a chancy game - at best.

Here's why:

Continue reading "The pricing trap: trying to undercut all your competitors!" »

February 4, 2008

Don't shortchange your information business by giving away too much!

Don't go after the discount sales!There is a tendency among new business owners to price their products and services too low in the hope that they will attract more customers and not be given a reputation of being overpriced.

There are several problems with this strategy.

First, the kind of information business we propose for solo Internet entrepreneurs won't have any direct competition. The products, information and business execution are likely to be very unique and tailored to the owner's personality and experience.

Continue reading "Don't shortchange your information business by giving away too much!" »

February 11, 2008

How to become a business professional even though you're solo." - Part 2 - Appearance

A professional business presence is a must!Preparation for business success can come in many ways.

Some follow a regimented career path through college and possibly graduate school to learn the art and science of becoming a business owner.

Others choose to get their education from home study courses, books, tapes, and other media presentations.

Most businesses are started by folks that don't have formal training in business. The school of "hard knocks" is their educational backdrop.

Continue reading "How to become a business professional even though you're solo." - Part 2 - Appearance" »

February 14, 2008

How to become a business professional even though you're solo - Part 3 - Your Mission

Is your mission crystal clear?Over the next few posts we will be looking at things you can do in your business to:

- gain the education and experience you need to learn important and useful business skills directly related to your success,

- present your business in the best light as one that is real and credible,

- grow your business beyond being just a startup that doesn't go anywhere,

- expand your mind and your opportunities for new business ideas, new products, and creative solutions to business problems,

Continue reading "How to become a business professional even though you're solo - Part 3 - Your Mission" »

February 21, 2008

How to become a business professional even though you're solo - Part 5 - Continuing Education

Be a student of smart business execution!I cant' overemphasize the notion that the most successful business owners are the ones that become "students" of small business and especially, their own business model and niche.

What does it mean to be a student of your business?

Some who go into business become so focused on the daily routines and operations, they never take the time to study and learn about doing business in a more efficient and effective manner.

I've seen a vicious cycle, a treadmill that catches business owners in a kind of "time warp" or trap. The owner starts running on the treadmill and can never seem to jump off.

He finds himself running faster and faster to keep his business afloat as he becomes more successful, but he's never able to slow down, catch up, and he can't jump off.

Continue reading "How to become a business professional even though you're solo - Part 5 - Continuing Education" »

March 10, 2008

How to become a business professional even though you're solo - Part 10 - Quality

Never compromise your product quality or reputation!You've probably noticed over your lifetime that companies dealing in quality products and services tend to remain in business over a long period of time.

Others that prefer to push inferior products - and sometimes just good or average quality offerings - usually have a much shorter life cycle.

Why is it? Wouldn't you logically think that cheaper and more affordable items would outsell more expensive ones if they both performed the same basic functions?

Continue reading "How to become a business professional even though you're solo - Part 10 - Quality" »

March 13, 2008

How to become a business professional even though you're solo - Part 11 - Image

Business image is important for your business!Was it tennis star Andre Agassi that proclaimed, "Image is everything!" in his popular commercials?

Your business image is an important tool for your success because it can either add to the overall perception your customers have about you or it can leave prospects wondering if they really want to take a chance on dealing with such an amateurish or careless business.

Image results from a lot of characteristics and visual clues about your business, but we're going to mention just two of the more important things you can do to portray your desired message in this post.

Continue reading "How to become a business professional even though you're solo - Part 11 - Image" »

March 20, 2008

How to become a business professional even though you're solo - Part 13 - Your Marketing

Solo owners must become great marketers!More than anything else, marketing your business and your products effectively will make or break your company. Read that again.

If you are not able to attract prospects to your offerings, whatever they are, you won't be able to generate income and your business will die.

Too often I hear online business owners saying something like, "I don't like to sell, I just want to develop my products" or "My products are great and they will sell themselves."

Continue reading "How to become a business professional even though you're solo - Part 13 - Your Marketing" »

April 17, 2008

Toward specialization and extreme niche business!

Dig down deep into your niche!In case you haven't noticed, there is an important trend unfolding in the evolution of modern-day businesses that you need to understand and exploit as a solo Internet business owner.

Years ago, traditional businesses would set up shop in a physical location, stock shelves with the goods the owner expected to be in demand, and lastly open the doors to customers and hope they would buy what was offered.

The solo information business of today is different. No longer does the owner need to make such an expensive commitment to his guess or hunch about which niche is profitable and which products will sell.

Continue reading "Toward specialization and extreme niche business!" »

April 24, 2008

Steal (borrow and duplicate) someone else's successful business strategy!

Borrow what's working!I'm not suggesting anything like copying or plagiarizing someone's profitable business model and products to push them out of their own chosen niche.

Although this very practice happens all the time on the Internet with cloned or stolen and copied products and services, you should never consider such a blatant attempt to shortcut your way to success.

What I am suggesting is that you put on your thinking cap, get creative, and look at the solutions that successful businesses in other niches come up with to solve the problems they find in that niche.

Continue reading "Steal (borrow and duplicate) someone else's successful business strategy!" »

April 28, 2008

Internet business: Power to the people!

The world is your market!Nowhere has the Internet made a more dramatic change in the existing power structure than in the business world.

It used to be that companies wielding the most power and influence were those that operated from a position of strong cash reserves and seemingly unlimited access to professional service muscle like Wall Street financial advisers, Big Five accounting expertise, and legions of powerful corporate attorneys.

The "Big Boys" could buy their way into business advertising that dwarfed their competitors.

Continue reading "Internet business: Power to the people!" »

May 1, 2008

Identify the soul of your business and pump it full of steroids!

You are the business!What you end up doing with what I am about to tell you could have a great bearing on your ultimate future as a solo Internet business operator.

I can't over emphasize this point. I hope you pay close attention and get the message clearly.

Undertaking a solo business is like placing yourself in the pilot's seat of a commercial airliner. Your customer's pay to climb aboard and have you fly them to wherever it is you've advertised.

Continue reading "Identify the soul of your business and pump it full of steroids!" »

May 5, 2008

Standing on the Shoulders of Giants

Always be a student of your business niche!No doubt you have heard this famous phrase many times before - it is used in context with both scientific application and general business principles.

I will borrow it today to talk about an important habit that I think all entrepreneurs ought to adopt and practice for the rest of their lives.

I have mentioned many times that the most successful solo business owners are the ones that ride the crest of the wave of trends and technology in their niche.

One of the ways they do that is by keeping themselves informed about the environment in which they operate (their niche subject) and the world of business both nationally and globally.

Continue reading "Standing on the Shoulders of Giants" »

May 15, 2008

Permission based marketing in a world of interruptions

Permission marketing is important to your business!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!

I call him a mentor because I feel his direction and guidance have helped me immensely in my business career. He keeps in contact with his readers through his popular blog found HERE .

Seth is also a prolific writer and a creative genius when it comes to understanding human behavior in the context of online marketing psychology and how companies can be successful as they develop relationships with their customers.

Continue reading "Permission based marketing in a world of interruptions" »

May 19, 2008

You don't have to be good at everything to be successful!

Pick a unique benefit for your customers and focus on it!There is a tendency to believe that in order to have a successful business, you must be better than the other businesses in your niche.

You need to understand that it may be impossible to compete against some businesses in some ways. No matter what you do, they will be better at some things than you could ever be.

But that's OK. There is room for many good businesses in most every niche.

Your challenge will be to pick what you want to be good at, let your customers and prospects know what that specialty is, then execute your business and build your products around that strength.

Don't try to compete in things that you can't excel at. Figure skaters are excellent ice skaters, but their talents may not be of much use to a burly hockey player. They become known for their specially developed and honed skills.

Continue reading "You don't have to be good at everything to be successful!" »

May 22, 2008

What are you doing to incite some interest and buzz about your business?

Do you have a PR campaign planned?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.

That is no way to run a business.

Getting noticed involves a lot of positive, pro-active, and planned steps that lead to incremental wins or successes. Typically, the process of being noticed and spreading the word about your products is an expensive and drawn out affair.

But there are things you can do every day in your business to create "buzz." And according to author Richard Laermer, in his great little book Full Frontal PR, this one characteristic of your marketing (creating buzz) is often the difference between success and failure in your total effort.

Continue reading "What are you doing to incite some interest and buzz about your business?" »

May 26, 2008

What if you created a truly remarkable solo business?

Is your business a purple cow?
Can you imagine the satisfaction, pride, and profitability you could enjoy if your solo business was something very extraordinary?

Most businesses online these days are comparatively bland. They sell products and services that are accepted by customers and the companies for the most part operate as mirror images of one another.

But once in a great while, a business elevates itself to the apex of its niche because it is so radically different and remarkable as to be incomparable and considered in a league of its own.

Continue reading "What if you created a truly remarkable solo business?" »

May 29, 2008

Niche positioning and the importance of understanding your choices

How is your business positioned in your niche?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.

There is a lot less open talk about what it means to position your business in a certain way or stance and how to do it within your specialized niche.

"Positioning" very simply refers to the choices you will be making about how you desire your business to be viewed by others. You will be determining your positioning either consciously by the actions you take, or automatically if you don't do anything to influence your position.

You business positioning differentiates your company and brand from others in the same niche, your competitors, by:

Continue reading "Niche positioning and the importance of understanding your choices" »

June 2, 2008

What does it mean to 'niche your way' to online business success?

How narrow is your business niche?I was asked recently by a lady that had decided to operate a home-based business, what it meant to "niche your way" to a business fortune.

I didn't ask her where she picked up that phrase, but I have a good idea it was something said in an ad or a "how to" article somewhere online associated with running a business in today's environment.

It's a pretty trite expression these days, but the concept is still relevant and should be the basis of most every business entrepreneur that's thinking about doing online commerce.

This gal's question took me back a bit - I guess I just assumed that everyone knew what a niche business was and that it was pretty much a "given" for today's highly segmented business market.

Continue reading "What does it mean to 'niche your way' to online business success?" »

June 5, 2008

Does your solo business depend on affiliate sales for substantial income?

Affiliate sales tipsIf 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.

Typically, affiliates slap up a web page, add a few links, some cut-and-paste content, and forget about the site for a few weeks or months waiting for it to get spidered and included in the search engines.

There is a better way to accomplish affiliate sales. If you pay close attention to the details of your site, like you would if you were selling your own direct marketing product, your affiliate sales can soar.

Continue reading "Does your solo business depend on affiliate sales for substantial income?" »

June 16, 2008

Are you ready to change the way you think about doing business?

The Perfect Business by Michael LeBoeufOn my reading list for all online solo business owners is Michael LeBoeuf's little paperback called The Perfect Business.

The corporate salaried employee stereotype with stock options, a hefty 401K, and holiday pay may soon become a relic of the past.

Job security is no longer prevalent. Corporate downsizing, mergers, and take-overs can spell unemployment for even the most proficient and tenured of workers.

LeBoeuf's book is perfect for the employee that decides to leave structured business life and test the waters of self-employment.

His writing is motivational, inspirational, and filled with solid reasons why solo business may be just the solution for those ousted from the 8-to-5 routine.

Continue reading "Are you ready to change the way you think about doing business?" »

June 26, 2008

Seth Godin: All Marketers are Liars

All Marketers Are LiarsIn 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.

Seth Godin's book, called All Marketers Are Liars - The Power of Telling Authentic Stories in a Low-Trust World, is a fun read and certainly challenges traditional thinking about marketing products and services.

According to Godin, successful companies will be those that invent good products worth talking about and then come up with good, believable stories about what they've invented.

Godin writes, "Make your story bigger and bigger until it's important enough to believe."

Continue reading "Seth Godin: All Marketers are Liars" »

June 30, 2008

The Wisdom of Crowds by James Surowiecki

The Wisdom of CrowdsAnother book that I like to recommend to entrepreneurs and existing small business owners is The Wisdom of Crowds by James Surowiecki, a columnist for The New Yorker magazine.

It was published in May 2004 and has 320 pages. The subtitle is: "Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations."

That's quite a mouthful and suggests that there really is wisdom, influence, and, in particular, power in the thinking and opinions of the masses, either to the benefit or detriment of every society, organization, and economy in the world.

Continue reading "The Wisdom of Crowds by James Surowiecki" »

July 3, 2008

How accommodating can you be? - Part 1

Treat your customers like royalty!To my way of thinking, there are two business functions that every single company needs to execute well, every day of the year, in order to be categorized as a successful business.

The first function is marketing. Regardless of the product you sell, the size of your company, or the underlying bankroll you operate from, if you don't market what you sell, and market it well, you will never be successful.

The second daily business function that is critical to every business that I know is customer service. That is the topic for this post.

How many people do you know personally that don't really care how they're treated? How many folks enjoy being put off, ignored, lied to, ripped off, pushed around, run around in circles, or treated like they were criminals?

Continue reading "How accommodating can you be? - Part 1" »

July 7, 2008

How accommodating can you be? - Part 2

Customer service is a top priorityWe're discussing the little operating changes that can easily be set up in an online business that will add greatly to your customer support process.

4. Set up a responsive help system or customer support mechanism. It doesn't have to be an expensive and complex hosted solution.

The main thing customers want to know is how to easily, quickly, and reliably get in touch with you should a problem or concern arise.

Customers online understand that small companies may not have full time "operators standing by" waiting to answer every question thrown at them. But by all means, return phone calls and emails just as soon as you can, preferably within a few hours of receiving them.

Continue reading "How accommodating can you be? - Part 2" »

July 10, 2008

What is drop-shipping and should I consider it for my online business?

Automate with drop-shipping!I believe it's a wise move to investigate all the options you have in executing your online business.

You may quickly dismiss many of these options for any number of reasons, but you might also find just that one perfect little advantage that sets your business apart from your competitors and propels you to success.

Drop-shipping could become your business "ace in the hole" so to speak, but there are many dangers in this industry so you need to be cautious and thorough in your research about the drop-shippers that you employ, their reputation for quality products and service, their fee structure, their policies, and your rights as the selling agent.

Continue reading "What is drop-shipping and should I consider it for my online business?" »

July 14, 2008

Can you really afford to offer free shipping? - Part 1

Should you offer free shipping?Some business owners have chosen to ship purchased products to their customers at no additional cost with the idea that such generosity could mean the difference between landing a sale or not, all other considerations being equal.

I would caution that you be very careful in implementing this strategy. If you choose to offer free shipping, that's certainly your prerogative as the business owner; but if your business can't really afford this luxury, it could become an awful drain on your capital.

Now, don't get me wrong - I'm not saying you should never employ this strategy. In fact, some businesses have used the "free shipping" tactic to differentiate and set their company apart from all the other competitors in their niche.

Continue reading "Can you really afford to offer free shipping? - Part 1" »

July 21, 2008

Can you really afford to offer free shipping? - Part 2

Are you aware of all your shipping costs?In the previous installment we discussed some of the costs associated with delivering physical products to your customers.

Be careful to study the numbers and understand exactly what it is costing your business on a weekly, monthly, and annual basis to send out your goods.

In most instances, it is best to charge your customers about what it costs you to handle and ship their purchase. The amount can vary a little from your exact cost so that you can standardize and simplify the shipping cost structure you present to your buyers.

Continue reading "Can you really afford to offer free shipping? - Part 2" »

August 7, 2008

Meta Tags: what are they and should I use them? - Part 1

Are meta tags important to your SEO?As a solo Internet home business owner you are most likely the webmaster of your own web site.

Unless you have turned that function over to someone else (like your girl friend, your 2nd cousin "Harry," or the six year old next door), you will be in charge of optimizing your site for key words, meta tags, and other little HTML goodies that tell the search engines what your site is all about.

Many of us are in business to make money (imagine that . . .) and we certainly don't want to spend time fiddling around with such trivial matters as web site coding and search engine optimization. Right?

Continue reading "Meta Tags: what are they and should I use them? - Part 1" »

August 11, 2008

Meta Tags: what are they and should I use them? - Part 2

Do you use meta tags on your web site?In a previous post, we talked about what meta tags are whether they're important to the search engines. We're going to continue that discussion here and add a few other thoughts.

As the Internet has become more crowded with e-commerce sites, the race to attract traffic through the free search engines has greatly intensified.

In fact, today it's all-out war when it comes to competing for top billing: the rush to grab the very highest search engine rankings for competitive key words that drive tons of traffic to the winners.

Continue reading "Meta Tags: what are they and should I use them? - Part 2" »

August 14, 2008

Reciprocal links: You scratch my back and I'll scratch yours!

Reciprocal links may help drive traffic to your site.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.

There is a lot of on-going debate about just how important your links are to top rankings. I'm sure each of the top search engines has its own view of the subject. No doubt they give varying importance to this criterion.

Some claim also that the "page rank" (Google) or the importance of the site linking to your site also affects your search engine position.

But there are other reasons why you need links.

Continue reading "Reciprocal links: You scratch my back and I'll scratch yours!" »

August 21, 2008

Are you a story-teller? If you're in solo business you ought to be!

AreYou 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.

If you want to become such, you should execute your business as though it is an extension of yourself. Your company is built around the skills, knowledge, education and passion that make up your life.

So in terms of both subject matter, and executing the daily business operations, you are the business. Without you, the company is nothing.

Continue reading "Are you a story-teller? If you're in solo business you ought to be!" »

August 25, 2008

Turning dissatisfied customers into your most loyal friends

Learn to deal with irage customersSome business owners prefer to deal with problem customers by writing them off and shoving them out the door. They don't want or need to be bothered with further dealings or more headaches.

I think there is a better way, however, to attempt to appease and "soften" an irate customer.

Why not turn him 180 degrees around and convert him into one of your most loyal and valued customers?

You won't be 100 per cent successful with this strategy, but it will work often enough that you will soon understand the benefit to your business of this approach.

Continue reading "Turning dissatisfied customers into your most loyal friends" »

August 28, 2008

Where to find more sales: refine the purchasing process!

Review your sales process regularly!Often, new business owners figure the only way to increase sales is to put your product or service in front of more people.

Such a strategy usually means that you spend increasing amounts of money on advertising so you can extend your reach in to more and more markets.

Increasing sales by ramping up advertising is one way to pump up the bottom line. But there may be other more effective uses of your business operating budget.

Continue reading "Where to find more sales: refine the purchasing process!" »

September 1, 2008

Where to find more sales: leverage your own marketing reach!

Ramp up your affiliate sales!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.

Have you ever considered establishing an affiliate sales program?

Such an effort may seem overwhelming or too complex for a small solo business. But the truth is, with the tools currently available online, there is no reason why the solo owner can't leverage his/her own effort quite inexpensively.

Creating an affiliate sales program is much like recruiting a large group of independent contract salesmen. These folks go out on their own and sell your products or service for a sales commission or portion of the profit on each and every sale they make.

Continue reading "Where to find more sales: leverage your own marketing reach!" »

September 8, 2008

Where to find more sales: ask your satisfied customers for a referral

Your customers are a great source of referrals!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.

Some of your customers may not legitimately know other people in your niche, but those instances will be the exception.

If you are dealing in any kind of business subject or niche like a hobby, or a recreational pursuit, or a leisurely pastime, there's a very good chance that your customer will have friends and maybe even family members that also participate in the same activity.

Continue reading "Where to find more sales: ask your satisfied customers for a referral" »

September 11, 2008

Where to find more sales: create a synergistic joint venture!

Joint venture your products for extra profit!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).

There are many different ways to set up a joint venture and a lot of variations to the theme, but this is basically how it is structured:

One business will make contact with a non-competing business owner to offer his services or products to the non-competing businesses customers and will offer that owner a portion of the profits of all sales (in return for the privilege of contacting his customer base).

Continue reading "Where to find more sales: create a synergistic joint venture!" »

September 15, 2008

Where does the entrepreneur begin? Not where you may think!

Market research is critical to any business!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.

As we began talking, it was obvious to me that he was passionate about his idea and his plan to take that idea to market.

His reason for contacting me was to find out where he might begin looking for funding to finance his project. It was the next item on his "to do" list.

Continue reading "Where does the entrepreneur begin? Not where you may think!" »

September 18, 2008

What is an entrepreneur?

Are you an entrepreneur?Entrepreneur is kind of a funny word. It's obviously of French origin. I've been hunting for years to find its English counterpart, but have not yet come up with a suitable substitute.

Maybe we don't need an English word for entrepreneur - it's used so commonly these days in the English language that most business-minded people, at least, have a pretty good understanding of the term.

My dictionary states the word "entrepreneur" comes from the Old French "entreprendre" which means, "to undertake." An entrepreneur is one who undertakes the creation, organization, operation, and risk of a business venture.

Continue reading "What is an entrepreneur?" »

October 9, 2008

$500,000 annually from Google advertising for the solo owner?

Is Google advertising right for you?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 right here. (Excuse me if this link is no longer working - John has changed his business model several times in the past couple of years and the link may be down by now.)

John says he spent about 120 hours initially setting up this project which includes a network of small web sites that carry Google Adsense ads along with specifically targeted content related to high-paying keyword niches.

John is the same fellow that made some huge waves in the Internet marketing circles when he sold over $1 million of his Traffic Secrets course in a 24-hour period.

Continue reading "$500,000 annually from Google advertising for the solo owner?" »

October 23, 2008

Does adding a 'bonus' to an information product increase sales?

Do bonuses increase sales?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.

The question you may be asking is this, "Does a bonus offer increase the sale of a particular product?"

You may think that bonuses should naturally increase sales; but that is not always the case.

In this day of increasingly complex e-commerce systems, it seems that there are many strategies that product sellers have at their disposal to increase product sales. The strategy of offering a bonus product is so common now that it may seem like a necessity to follow suit if you want to make sales.

Continue reading "Does adding a 'bonus' to an information product increase sales?" »

October 27, 2008

Email newsletter considerations for the solo business owner - Part 1

Newsletters are a must for e-businesses!Most profitable Internet business owners will tell you that a consistent, fresh, value-packed email newsletter is one of their key ingredients to success.

But you would be surprised at the number of businesses that don't have one.

Popular excuses for the lack of a newsletter include lack of time to write and mail one, the owner has nothing to say, customers won't read it, the business doesn't want to be confused with a spammer, and the cost of writing and mailing it.

Of course you will never know if a newsletter will be of value to your specific business until you try it, but for many it has proven to be the difference that has allowed the business to thrive.

Why?

Continue reading "Email newsletter considerations for the solo business owner - Part 1" »

November 3, 2008

Internet marketing off-line

Off-line marketing can be an important part of your overall branding strategySome solo business owners have experienced great success by marketing their company and products off-line.

That may sound weird, counter-productive, or just plain wrong. You've got to figure that online marketing is the cheapest and most widely reaching form of advertising there is.

Well, I'm certainly not advocating that you abandon your online marketing strategy - that needs to remain intact.

What I would suggest, however, is that you think about all the ways to spread the word about your web site, brand, products, and your business in general - off-line in the physical environment as well.

Continue reading "Internet marketing off-line" »

December 11, 2008

Do you recognize hype when you see it?

Does your business rely on hype to market itself?It's really an important question because every one of us are placed in daily situations where we need to sift the buying decisions thrown in our faces into separate piles labeled "Hype" and "Fact."

Well, our decisions really aren't that simple.

We probably also have piles of offers and advertising we've labeled "Maybe," "Not today," "When I have the money," and "I know my spouse will kill me, but..."

There two problems with "hype."

Continue reading "Do you recognize hype when you see it?" »

December 15, 2008

Is your business web site a rest stop or a destination?

How long do customers stay at your web site?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.

In the very early days of the Internet, when it was a brand new and very exciting place to visit, most people that surfed liked to move about randomly and quite excessively.

It seems they wanted to go exploring to not only see what kinds of things were available online, but to survey niches and see all the players in them just in case they had a need to return sometime in the future.

It was kind of the same experience as you might have when exploring a new shopping mall or an amusement park for the first time.

You dash from store to store or ride to ride making sure you experience everything you can so you'll know what you like and what is not worth coming back to a second time.

Continue reading "Is your business web site a rest stop or a destination?" »

December 25, 2008

Six basic ways that every online business needs to market every day.

Small solo business marketing basicsBefore we get to today's post, I want to wish each of our readers a very Merry Christmas and a Happy New Year! Take some time off today and enjoy the holiday with your family - I'm going to do just that since I wrote this post yesterday!

When the Internet was new and online business owners were jumping on the ship right and left, there was often the feeling that all a business owner needed to do to have a business was put up a web site, add a product or two, and the sales would begin to flow.

Yes, I'll remind you once again of that worn out phrase that everyone else quotes to describe this erroneous thinking: "if you build it, they will come."

Online business owners now understand that phrase is a lie.

I did a little experiment myself that proved the point to me in very real terms. Two years ago I set up a little web site with it's own domain name, some content, keywords, etc.

I asked visitors to register at the web site (for free) to get my newsletter with lots of great benefits. I even offered a bonus worth a legitimate $300 merely for signing up and there were no other strings attached.

Continue reading "Six basic ways that every online business needs to market every day." »

January 5, 2009

How to write an effective press release. - Part 2

Great press releases will help your businessPress releases are one of the most effective yet misunderstood tools the business owner has at his disposal to market his business and drive targeted traffic to his products.

Here are a few simple suggestions to boost your copywriting effectiveness and increase your chances of having the release published:

6. Leave 'em hanging. One technique that is effective in getting press release viewers to head to your web site is to offer part of a story or a list but tell the reader he can find the remainder at your web site, at such and such address.

You build some curiosity and maybe a little suspense in not giving all the good details right then and there.

Continue reading "How to write an effective press release. - Part 2" »

January 15, 2009

Email advantages: the low cost is only one of the benefits

Email holds many huge advantages for the solo business owner!The solo business owner has many tools and resources at his disposal that can leverage his time and automate his business so that he can accomplish much more by himself than would ever have been possible prior to the Internet.

Most business owners that utilize email will tell you that its low cost and "free" fast delivery are the main advantages of using it. But in my mind, at least, there are some other very important reasons why email is the communication medium of choice for the solo business owner.

If you are not using of these email advantages, why not give them a try? They may even be more important resources for your business than the low cost of contacting your customers and prospects.

Continue reading "Email advantages: the low cost is only one of the benefits" »

January 19, 2009

How good are you when it comes to change?

Are you an agent for change?I think this is an important question that every entrepreneur needs to ask of him/herself. I'm not talking about turning a dollar bill into coins.

You've probably noticed that everything related to Internet business changes quite rapidly. It's business at the speed of light, so to speak.

Your niche market changes and morphs over time as new innovations come on the scene and old traditions die out.

You targeted customers change. It is a rarity nowadays to keep the same customers as regular purchasers at your site for more than a couple of years.

Continue reading "How good are you when it comes to change?" »

January 22, 2009

Do you believe in yourself?

Believe in yourself and your products!
That's a critical question for the solo entrepreneur.

When you are the sole business owner, employee, product creator, customer service rep, and shipping clerk you literally become the business.

You have no one to blame, no one to rely on, no one to pass the buck to.

You stand alone bearing your torch to the world and you either make it or you don't on your own skill and wisdom.

You attitude about yourself and the business you've created will make all the difference in the world when it comes to projecting your business in front of your customers.

Continue reading "Do you believe in yourself?" »

January 29, 2009

How does your company view change?

How do you handle change as a business owner?I had to chuckle a bit when I read the following statement in the biography of a local politician that was used to describe his philosophy:

"I've seen many changes in (community name) and I've been against most of them!"

He wanted to bring back "the good old days" when traffic was sparse, crime was low, taxes were much less, and folks were friendly.

Such may be the view of this old-timer, but it is a philosophy that can be very damaging to a company.

Most great entrepreneurs welcome change, embrace change, and seek ways to profit from the opportunities brought about by change.

Continue reading "How does your company view change?" »

February 2, 2009

Where should I spend my offline advertising budget?

Solo business advertising offlineIf 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.

Continue reading "Where should I spend my offline advertising budget?" »

February 9, 2009

Press Releases then and now.

Press releases for your small businessI'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:

Continue reading "Press Releases then and now." »

February 12, 2009

Do you have a clue why customers buy from you?

Why do your customers buy from you?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.

Continue reading "Do you have a clue why customers buy from you?" »

February 16, 2009

What do you know about your best customers?

Understanding consumer preferences is important to the solo owner!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.

Continue reading "What do you know about your best customers?" »

March 2, 2009

Why has the U.S. become the world leader in developing great products?

US innovation and technology leads the way
Many will say that the wealth of resources we have in the United States has allowed this country to step to the forefront of new product development.

They speak of the financial, educational, and natural resources found in the U.S. in abundance as the reason for our world leadership.

When you think about the young age of this country (230 years) compared to other geographically large countries throughout the world, it's quite amazing that the U.S. has taken such a leadership role.

According to a recently released study, over 50 percent of U.S. annual GDP growth (gross domestic product) can be attributed to increases in our innovation.

Continue reading "Why has the U.S. become the world leader in developing great products?" »

March 5, 2009

Are you and your business ready for regionalism?

Is your business part of a regional cluster?The U.S. economy is changing dramatically.

It's quite apparent that geography and physical boundaries are becoming less and less critical in company strategic decisions and plans.

Large industrial companies are moving overseas where cheap labor and sometimes relaxed standards or lower taxes allow them to produce more using less.

New companies are springing up in the U.S. to take their places - but these firms are different. They're knowledge-based and their growth is driven by intellectual capital.

Often these knowledge firms gather around one another in clusters in order to feed off each other and create a community were they rub shoulders on a daily basis.

Continue reading "Are you and your business ready for regionalism?" »

March 9, 2009

How long can your company compete against the world?

Don't try to compete on low price aloneIf you have a business based in the U.S. and you pride yourself on having the lowest prices in town (or in your industry), are you ready to be severely challenged?

One of the most evident changes that the U.S. economy has undergone in the past 15 years or so is the flight of industrial and manufacturing companies away from the U.S. Why?

Well there are a lot of reasons, but the basis of this exodus is the fact that labor in the U.S. is increasingly expensive and hard to find.

Continue reading "How long can your company compete against the world?" »

March 12, 2009

Will innovation be the key to the growth of your business?

How to propel your business to the top of your niche!Years ago there were some business characteristics that, if exploited, propelled a small business into the limelight and fueled its growth for years into the future.

What were some of these characteristics?

If your business had the undisputed lowest price in town, you were often rewarded with lots of sales and the revenue to expand your operation.

Some businesses grew quickly because they had access to unique manufacturing processes - those that allowed them to produce products faster and at a lower cost than the competition.

Continue reading "Will innovation be the key to the growth of your business?" »

March 19, 2009

The five 'Rs' of an Internet marketing campaign - Part 1

Your solo marketing campaign!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.

The tendency for many new small businesses is simply to strike out and begin spreading the word about your product or service in a random hodge-podge manner, jumping from this to that depending upon where you think you'll get the most bang for your effort.

Your marketing "plan" has no real thinking behind it . . . you just figure the best you can do is to spread the word as quickly as you can to as many sources as you can and hope for the best.

Now that game plan certainly beats doing no marketing at all, but it lacks the leveraging power of a unified and comprehensive approach that ties all your different marketing efforts together and cements your brand in the minds of your customers.

Continue reading "The five 'Rs' of an Internet marketing campaign - Part 1" »

March 23, 2009

The five 'Rs' of an Internet marketing campaign - Part 2

televangelist.pngIn the previous installment, we discussed some basic business principles that should guide your Internet marketing campaign.

They will help you to know what you should do, when you do it, and how you bring together these various elements or activities to accomplish some solid and powerful small business marketing.

The first two "Rs" were recognition and recount. Here's the third . . .

Continue reading "The five 'Rs' of an Internet marketing campaign - Part 2" »

March 30, 2009

Who gives out points for creativity and innovation?

Are creativity and innovation rewarded?What I am about to say may strike a chord of discontent among many of you . . . but that's okay.

It will bring to light a strategy that many of the Internet's most successful and profitable business persons have adopted on the road to increased business and nice incomes.

I will ask the question again, "Who gives out points for creativity and innovation?"

Most entrepreneurs and new small business owners feel that in order to be successful at Internet business, they must create or invent the next unique and valuable product - something different from all others in the same niche market. I beg to differ.

Now I am certainly not opposed to being creative or innovative, all of the other things being equal, it's a real blessing to have these personal characteristics manifest in your business. . . but . . .

Most often though, success is found in other ways. Here are some examples:

Continue reading "Who gives out points for creativity and innovation?" »

April 2, 2009

Is a slogan or tagline really important for my business?

Brand your business with a sloganOf 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.

Continue reading "Is a slogan or tagline really important for my business?" »

April 9, 2009

Six steps to help you get started in affiliate marketing

Does your business earn affiliate commissions?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.

Continue reading "Six steps to help you get started in affiliate marketing" »

April 16, 2009

Check customer impressions for valuable clues about your niche

Keeping an eye on the competition!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.

Continue reading "Check customer impressions for valuable clues about your niche" »

April 20, 2009

Create value in your business without spending money

Your business can have great value!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.

Continue reading "Create value in your business without spending money" »

May 7, 2009

Chasing consumers isn't always the best sales strategy!

Could you sell to other businesses?It seems that when most folks think about starting a new business, they consider what product or service they might sell to the consumer.

Everyone is familiar with consumer goods and most of us relate to them because we use them in our everyday lives.

We see and hear about these products in TV ads, radio spots, in the newspaper, and on signs and billboards.

We naturally begin to think about the products we use and how we might be able to come up with a better version or maybe we think we can sell consumer goods in a more effective way than they are being offered to us.

It might pay for you to change your thinking slightly and begin to contemplate what you might have to offer other businesses.

There are some advantages to avoiding consumers and simply dealing with businesses in your niche.

Continue reading "Chasing consumers isn't always the best sales strategy!" »

May 11, 2009

What's holding you back from your business dream?

Will you let your financial dreams die?Owning a small business is the new American Dream. A recent national survey found that nearly 60% of Americans listed owning a business as high on their wish list of things to accomplish, even higher than owning a home.

But how many of those same folks are going to see their dream happen this year, or next, or the next . . .?

If you have this same dream of creating and owning a small business, there's a very high probability that no one in your lifetime is going to step up and hand you your own business.

If you're waiting for the right opportunity to come knocking, I doubt that you'll recognize it.

You see, that opportunity is standing in front of you right now, staring you right in the face.

Continue reading "What's holding you back from your business dream?" »

May 21, 2009

The Power of Being Cool and Friendly

How do you treat your customers?One of the things that small business owners often forget is the fact that customers come to a small business often for the experience, not just for the products or services that are offered.

Yet many small businesses don't capitalize on that fact. Instead, they try to act like large sterile non-personal corporations. Let me give you an example of what I'm talking about.

I was recently in Park City, Utah with my wife and family. We had made the one hour drive from home specifically to walk Main Street. For those of you unfamiliar with the place . . .

Continue reading "The Power of Being Cool and Friendly" »

May 25, 2009

Personal letters and customer attention

Do you use personal letters in your business?Nothing grabs a prospects attention like seeing his own name printed in a hand-written letter from a friend.

When a business customer feels like he is appreciated, singled out by the owner for some personal attention, and given the opportunity to join in the membership of a group of "insiders," he will likely commit to being personally involved in the niche with this business.

Personal involvement invites activity in forums, registration as a member of a community of serious like-minded folks (either free or paid), and status as a preferred customer (one most likely to buy products from the business.)

Continue reading "Personal letters and customer attention" »

May 28, 2009

Ten quick and easy ways to get your business noticed!

Get noticed the easy way!Over the years I've been watching and participating in small business development, I've noticed that the successful businesses tend to be the ones that are driven by an owner that knows how to execute a plan.

The successful owner may not be overly intelligent, have a cutting edge business idea, or the latest technology infused in his business.

The successful owner doesn't have to be too creative or even a great writer.

Often, this is simply the guy that knows where he wants his business to go and he executes the plan consistently over time without a lot of distraction.

Here are ten not very creative ideas to try in your business if you want to be noticed as standing apart from the crowd.

Continue reading "Ten quick and easy ways to get your business noticed!" »

June 8, 2009

So you want to create a subscription membership site!

Start a membership site today!Whether you decide to publish information in a paid newsletter, a "members only" web site, or an email or notification service, the questions you'll have to answer are basically the same. Why do you want to do this?

Is the decision based on your love of the niche and desire to share what you know about it? Is it because you already have the advantage of possessing the knowledge and experience that will be needed?

Are you trying to gain a dedicated group of subscribers so you can offer them niche products? Or is the decision simply one that allows you to start a business and earn a living in a niche of your own choosing?

Whatever the reason, there are business principles that you ought to think about prior to committing much time and money to your new venture.

Continue reading "So you want to create a subscription membership site!" »

June 11, 2009

Subscription site services, software, and tools

Alternative platforms for your subscription serviceKeeping your valuable information behind locked doors and only giving access to those that pay you for the privilege is the basis of the membership or subscription web site model.

As the owner of a membership site, you will have to determine how to best handle the security of your information and still make it convenient and easy for your paid members to get access.

Here are the usual approaches that I've seen and dealt with in my Internet experience.

Continue reading "Subscription site services, software, and tools" »

July 20, 2009

Does "brand" matter in a solo business?

Can a small niche business be branded?Before we get to today's post, let's take a minute to remember the victims of the September 11th tradgedy of 2001. It's hard to believe that it's been six years since we endured that nightmare.

Let's remember what has made our country strong and each do our individual part to continue that heritage of courage, hard work, and a never say die attitude - each an important trait for small business owners.

Okay, we'll move on.

I've been thinking a lot about Internet real estate and branding, and whether they are important undertakings of solo business. I've been asking myself questions like:

- Is it worth the effort and expense for a small business owner to try to establish a brand of some kind for his business?

- In the Internet world of big corporations, net real estate has increasing value. But does that same concept apply to small businesses as well?

- Is there a way for a solo business owner to add value to his property beyond the value of the information he publishes at his web site?

Continue reading "Does "brand" matter in a solo business?" »

July 23, 2009

Why the solo business owner shouldn't play the game of cutthroat.

cheap.pngEvery business needs to identify something that sets it apart from all other businesses in the same niche.

This principle is called the USP or "unique selling proposition" by some, and others call it a variety of similar things. The principle is simple: you should attempt to capitalize on some characteristic or trait in your business that you can be known for -- some differentiating aspect that only you can claim.

It seems in almost every industry niche there is at least one business that desires to claim it has the lowest prices. It often brands itself with the slogan, "we will not be undersold."

To me, that is exactly the wrong message that a solo business ought to extend. My feeling is that solo businesses will almost always have difficulty trying to compete on the basis of product pricing.

Continue reading "Why the solo business owner shouldn't play the game of cutthroat." »

July 27, 2009

How often do your customers hear from your business?

Greet your customers often with great information!One of the foundations of any successful marketing program is repeated and systematic contact of the prospect.

One initial encounter is rarely sufficient to brand your company in the mind of the customer.

We all are bombarded with literally thousands of marketing messages every day no matter what we do or where we go.

Radio, television, the Internet, newspapers, magazines, billboards, and other venues attempt to grab our attention long enough to flash a message to our brains that the advertiser hopes will "stick" sooner or later.

Most of us learn to subconsciously "tune out" or tone down this constant barrage of advertising. That means there are natural challenges awaiting every business that tries to communicate with their prospects.

Continue reading "How often do your customers hear from your business?" »

August 6, 2009

Does your business message simply add to the noise?

Mass marketing is all wrong for niche businesses!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!"

Oh, how true it is. The reason we all have to work so hard at our marketing is the fact that all of our competitors are working hard at theirs.

If you want to be heard, you must speak up! But exactly how you do that depends upon your business, your skill, and your customers. Let me explain.

Typical mass marketing where fast food restaurants, brewing companies, and auto sellers spend their gargantuan media budgets, is a continuous barrage of one ad message after another, each one intentionally shouted louder than the first in hopes of catching our attention.

Continue reading "Does your business message simply add to the noise?" »

August 13, 2009

What is this business 'passion' you're always talking about?

Passion is critical to the solo business owner!I believe in small business! I believe in entrepreneurs!

I believe that anyone can create and operate their own successful small business if they will choose a viable niche and apply sound business strategies and principles (which you can learn here).

My favorite solo Internet business strategy suggests you create an information-based business around your education, training, interests, knowledge and passion.

So what is this "passion" I'm talking about? Does it mean you have to like the subject of your business?

Well, not exactly. You see, passion is much more comprehensive and deep than simply "liking" what you do.

Continue reading "What is this business 'passion' you're always talking about?" »

August 24, 2009

Marketing tips for a solo business that most don't understand

Take these tips to the bank!Maybe I should have titled this "Tips from the underground" or "Marketing secrets that few businesses discover."

These are not the kinds of tips you find in textbooks or "how to market your business" courses or articles.

Yet, many of them are common sense based and really pretty logical in their thought and implementation.

So here you have some of the most simple, down-to-earth, practical yet seldom followed ideas that will boost your marketing traffic and success almost immediately.

Continue reading "Marketing tips for a solo business that most don't understand" »

August 27, 2009

Are you preparing to go global? - Part 1

Solo business on a global scale!Just a few years ago, solo business owners took advantage of the fact that they could market their goods and services online all across the continent.

They lauded the fact that a small time business owner could now effectively compete with other businesses around the country because the Internet removed their geographic boundaries.

But in today's economy, such thinking limits the opportunities you have coming at you from all around the world. Because Internet business is still in its infancy, it's not too late to at least start thinking about gearing up for global business, even if you're just a Lone Wolf working from home.

Continue reading "Are you preparing to go global? - Part 1" »

August 31, 2009

Are you preparing to go global? - Part 2

Global business is important for the small online business.
We're discussing the shift of online buyers toward countries and languages outside the United States and the implications this global business trend has on your solo operator small online business.

Here are a few more things you'll want to think about as you contemplate the coming years and the non-U.S. marketplace.

3. Most of the research that has been done regarding online buyers only takes into account those who have already proven themselves as buyers, in other words, they've previously made at least one purchase online.

But what about the millions and millions of potential buyers there are in those that are: (1) new Internet users all over the globe that are just now getting, or will in the near future have, access to the Internet, and (2) not yet online buyers but will become such in the future?

Continue reading "Are you preparing to go global? - Part 2" »

November 19, 2009

What is the service you render in your business?

What is your customer service like?One of the authors in the Know More Media network of business blogs, Maria Palma, asked an important question of each of the authors in the network that owned a business.

It went something like this: "What is your definition of service?" She runs the blog at Customers Are Always and was interested in getting a wide cross section of responses from the dozens of business writers in the network.

I thought it would be interesting to contemplate the question and make a contribution from my point of view and considering the experience I have had with service in the solo business sector and environment.

Continue reading "What is the service you render in your business?" »

November 26, 2009

Jump start your business by doing things differently!

Are you a student of your niche?There's a very interesting phenomenon that often takes place in small business environments that to some extent can be predicted.

Solo businesses that roll along from day to day and week to week, never trying new methods or strategies, never experimenting with radically different systems or marketing, can be pretty much assured that their results will remain steady and predictable.

I have noticed that it's at times of greatest change and upheaval that some businesses make their greatest leap forward.

In essence, the business owner decides to depart from former or traditional ideas and methods and strike out in a new direction, or with a completely different approach.

Continue reading "Jump start your business by doing things differently!" »

December 10, 2009

Do you continually inspect your business?

Are you aware of the changes taking place in your niche?One of the surest things besides death and taxes, is the fact that change will occur in your business niche. It's inevitable.

Markets for products and services evolve over time.

Innovations in products and technology create new markets and make previous products obsolete.

Changes in economics, politics, and consumer appetites constantly force upheaval and churning in niches.

It doesn't matter that you have a successful product or a profitable business.

Sooner or later (and it's usually sooner), the market that you're in will change and the profits that you're now amassing will dwindle.

Continue reading "Do you continually inspect your business?" »

December 14, 2009

Successful entrepreneurs have this skill. Do you?

Do you recognize great opportunities?A lot has been written over the past ten years about business owners as risk-takers, and the characteristics or qualities that they possess which allow them to be successful in what they do.

But very seldom does this skill show up on the lists that writers prepare extolling the virtues of the top entrepreneurs.

Yes, persistence, attention to detail, willingness to take a risk, and determination are all candidates for the usual list of "must have" qualities for the successful business man/woman.

But there is another ingredient that I have found to be most important - even crucial - to the success of the creator of small business.

Continue reading "Successful entrepreneurs have this skill. Do you?" »

December 21, 2009

Use a professional 'Tip of the Day' as a lead generator

Tip of the dayIf 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.

Why? Simply because people want to be educated.

They come to the Internet for information in their niche. You can provide what they will consider to be very valuable bits of information learning and assistance.

Continue reading "Use a professional 'Tip of the Day' as a lead generator" »

January 11, 2010

What's up with these meta-tags? Part 1

Do you use meta-tags?Anyone who is unfamiliar with web site development, search engine optimization, and all the technical terms and usage surrounding HTML and computer language is apt to be very confused by the existence of meta-tags and all the varied opinions about them.

What are they? Why are they important? How do you properly construct, place, and use them?

I am not an expert in this science by any means. In fact, I am one of the people that probably discount meta-tag usage to some extent.

Continue reading "What's up with these meta-tags? Part 1" »

January 25, 2010

Be there when the media needs you!

Let the media know your story!Wouldn't it be great if you (and your solo business) were on the Rolodex of all the local and regional newspaper editors?

Would you like to have the Chamber of Commerce and the local Small Business Development Center calling you whenever they needed material for a story?

Most small business owners don't have the luxury (and the serious advantage) of being a household word around local community business circles.

In fact, many owners disregard the media altogether thinking that they will never be contacted or receive publicity because no one cares about their business.

Continue reading "Be there when the media needs you!" »

January 28, 2010

Don't give in to the temptation to change your focus!

Consistency and persistence are important for the solo ownerI'll have to be careful with this post because some business owners will think I'm giving some very poor and bad advice about growing a solo business.

Nonetheless, I need to warn you of a temptation that appears before almost every new business owner that gains some traction and realizes some measure of success in his solo business.

Here's the temptation:

Continue reading "Don't give in to the temptation to change your focus!" »

February 1, 2010

"Yikes! All of a Sudden I'm Naked." - Part 1

Solo business often leaves you standing naked in the public eye!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.

You're naked because all of the props, network ties, and support infrastructure that typically come with a large organization or business are suddenly gone.

It's like standing on a street corner with nothing more than your naked self to give the world.

Yes, you can replace your props over time and focus the attention away from your own nothingness and exposure . . . but it will take time and a fair amount of effort.

Continue reading ""Yikes! All of a Sudden I'm Naked." - Part 1" »

February 8, 2010

"Yikes! All of a Sudden I'm Naked." - Part 3

Work you way into a niche networkHere are some additional suggestions on ways to begin a business network of contacts and support if you are creating a solo business:

4. Leverage the resources and networks of others as much as possible. Whenever you locate a new contact person be sure to ask if they have other contacts that might be of interest to you and your new business.

Because your contact will most likely have been in business in this niche longer than you, he may know of additional networking contacts that he will share with you that could be a great resource for your business.

Continue reading ""Yikes! All of a Sudden I'm Naked." - Part 3" »

March 11, 2010

Printing companies as business resources

Use examples of professional ad agencies adapted to your own nicheHere'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.

As a solo business owner, it will be up to you to perform the direct selling and marketing tasks that larger companies usually hire professional agencies to handle for them - at a usually high cost.

You will have the choice of accomplishing your advertising campaigns either in-house (meaning you will do it yourself) or by out sourcing the job.

Continue reading "Printing companies as business resources" »

March 25, 2010

Promote your business through a newspaper column!

Local stories appeal to hometown folks who take an interest in your business.A friend of mine inherited a small gas station from his father.

The mechanic's blood (oil?) ran through the family genes I suppose as he and two of his younger brothers all worked for either car dealerships (in the service department) or garages in the area.

At the passing of his Dad, Trent decided to quit his job, take over the ownership and management of the business his father ran for many years, and see if he could make a go of being his own boss.

Continue reading "Promote your business through a newspaper column!" »

March 29, 2010

My little business sponsor a community event?

Donate your time to a community charity eventThat was the response I got when I suggested this as one way a solo small business owner might spread the word about his company without spending a fortune on advertising.

The owner had a small consulting business (principally conducted over the Internet) in the human resource management field - he specialized in coaching mid-level managers and other mid-career white-collar employees in making job changes.

He was always looking for new ideas on ways to expand his clientele.

Continue reading "My little business sponsor a community event?" »

April 1, 2010

Can't get your small business listed? Start your own list!

How do you feel about self promotion in this manner?What I'm about to describe to you is an actual example of the creativity and ingenuity of a small business owner.

I am changing the names of both the owner and his niche because I am quite sure the owner wouldn't want me divulging this information about him or his business.

Nevertheless, this is a true story and one that you may or may not want to use as the basis of your own similar effort to get your business known and to drive more traffic to your web site.

Continue reading "Can't get your small business listed? Start your own list!" »

April 5, 2010

Adding value to your business web site!

Keep your web site sticky!If you've been doing business on the Internet for any length of time, you've undoubtedly heard the term "sticky" or "stickiness" used to describe the ability of a web site to engage it's audience.

If a site is sticky, it is one that attracts customers and keeps them at the site for unusually long periods of time. Sticky sites are a good thing!

Why? The reasoning goes that the longer you can keep a customer, the more apt that person is to eventually make a purchase and to make additional return visits.

Continue reading "Adding value to your business web site!" »

April 19, 2010

Has small business really changed that much?

The advantage of small business technologyI was asked this simple question in a roundtable discussion of business owners recently, and to my utter surprise, a very lively dialogue carried on into the night as the group of us debated the challenges and opportunities that affect small business today in comparison with "the way it used to be" just 10-15 years ago.

My opinion, and that of several others that specialize in online business, was that indeed, small business has changed dramatically for those that have discovered and subsequently embraced the new technologies that empower the small business owner.

Continue reading "Has small business really changed that much?" »

May 3, 2010

Protecting your business from a fall

Can you business survive?How many ways are there for a small business to fail?

Don't try to count them . . . life is too short as it is . . .

I want to talk a bit about one of the dangers of solo Internet business.

I have always preached the message of niche specialization for the solo business owner. I say you should dig down deep and become an expert in a very tightly focused market.

Continue reading "Protecting your business from a fall" »

May 6, 2010

Yes, you really do have to compete with the world!

Online shopping is increasingly popularTimes are changing and every solo business owner needs to design his little company in a way that it can be globally competitive.

Before the Internet, it was often sufficient that a small business only worried about the competition in the local community.

You owned a gift shop and your customer pool was everyone within walking distance, or at least easy driving distance, probably within the radius of your community and maybe a few other small towns within 25 miles.

Continue reading "Yes, you really do have to compete with the world!" »

May 13, 2010

Traveling a different route with products and services!

Travel a different route to make the trip exciting!Often entrepreneurs and small business owners have a difficult time trying to keep from being "stale" in their businesses.

By that, I mean they struggle to come up with fresh ideas, new and unique products, and creative solutions to the problems and wants of their market niche.

Many feel that they must continue to sell the same old things they've always sold, that they have no way of being able to offer brand new services or goods.

Continue reading "Traveling a different route with products and services!" »

May 31, 2010

What's Popular and In Demand on the Internet Right Now?

heat2.pngDid you know there are ways to see what buyers are looking for at any given time online?

The information is free. Smart marketers and product developers ought to keep an eye on the buying public and their wants. Understanding "demand" is one of the pillars of Internet marketing and product creation.

CNET's Download.com is a library of free and free-to-try software programs and applications for Windows, Macintosh, and handheld devices. It began 10 years ago with 3,000 titles and today has over 30,000 potential downloads.

Continue reading "What's Popular and In Demand on the Internet Right Now?" »

June 7, 2010

Small Business on the Internet is a BIG DEAL!

Online small business is here to stayLike most new and innovative things, Internet business for many people seems to be nothing more than a fad, a fancy, a fleeting hot topic that will soon cool off and die in obscurity.

Many computer savvy folks have yet to make a purchase online and some still hold to the notion that the dot com era will soon be over for good.

They reason that e-commerce online is not secure, too much of a passing fantasy, and something that they can easily do without.

Continue reading "Small Business on the Internet is a BIG DEAL!" »

June 10, 2010

How to Force Your Prospects to Buy!

spooked.pngOf 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.

When a product is limited (scarce) in availability, it's value skyrockets dramatically.

Most of us understand the reasoning behind using this tactic and I can guarantee you that at least 90% of the online product offers and "launches" that you'll encounter will use one or more scarcity tactics in the sales message to get you to buy.

Continue reading "How to Force Your Prospects to Buy!" »

June 24, 2010

Advertising that works: Bumper Stickers!

Bumper stickers can be a great way to brand your business!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 doesn't notice and read unique bumper stickers?

Yes, there are many boring, ugly, and hard-to-read bumper stickers. The impact that these stickers have can be minimal.

But circulate some fresh, eye-catching, humorous, and outrageous bumper stickers for your business and you may just unleash a wonderful branding and marketing campaign!

Continue reading "Advertising that works: Bumper Stickers!" »

July 15, 2010

Excellence in Customer Service Will Always Pay Dividends

Excellence in Customer ServiceI have often been asked about the effectiveness of "buying" customer service in a small solo business. Solo owners want to know if putting forth the extra effort to become stellar at giving outstanding customer service will really increase their business bottom line proportionate to the cost of taking the time to rise above mediocre or "standard" and expected service.

There is no doubt that excelling at customer service carries a cost and every business owner must absolutely be keenly aware of all the costs associated with her business. But my feeling has always been that an owner can't afford to decide whether she will choose excellent customer service or not . . . that decision was already made when the owner decided to go into business!

You see, customer service is a mindset, a style of doing business, a method of operating that shouldn't be thought of as an added component to a business that can be turned on or off at the owner's whim.

Continue reading "Excellence in Customer Service Will Always Pay Dividends" »

August 2, 2010

Want a Quick Solution to your Search Query?

A great solution for your searchingIn my travels today I ran across a great site online that should provide a nice resource for you as a small business owner. At the very least, you can use it as a consumer to find just about any kind of product or service imaginable.

Often, solo business owners are in need of a particular service or piece of equipment that may not be available locally or within the surrounding area. Not to worry . . .

This resource I'm talking about is a business directory of sorts. What makes it such a good resource, however, is its search capability. You can search in any state or city in the U.S. and get great information about the business supplying the information.

Now searching for any type of service or product is a breeze. Not only will the search include the name of the vendor, it will also allow you to find all the contact information you need, web sites, email addresses and what kind of local competition there may be for a product.

Continue reading "Want a Quick Solution to your Search Query?" »

August 19, 2010

What is Your Niche?

Thoughts about choosing a nicheRegardless of the product or service you want to sell online as a solo business owner, you will be confronted initially with the task of choosing a viable niche.

Not choosing a niche would be disastrous. You must focus on defining your customer market, the products you are going to sell, and your USP or unique selling proposition.

If all you have at this point is the thought that you want to start an online business ... that's fine but you can't stop there.

Small businesses that are not well defined are immediately doomed to failure. Why?

There are several reasons, but the most important one has to do with targeting your customers. If your offers and marketing are not targeted, you will not be successful in getting your message across to the right buyers.

Trying to sell green widgets to someone who could care less about green widgets will never work.

Continue reading "What is Your Niche?" »

August 26, 2010

Google's Page Rank - Why it's not to be stressed over!

Is Google Page Rank important?I know there has been a lot written about Google's Page Rank "rating" system. Yet most folks I speak with don't really know what it is, how to increase the rank for your web site, and whether or not page rank (we'll call it "PR") really is that important to your web site and business or not.

The name "PageRank" is a trademark of Google, and the PR process has been patented by them. However, the patent is actually assigned to Stanford University and not to Google. Google has exclusive license rights on the patent from Stanford University.

The university received 1.8 million shares of Google in exchange for use of the patent; the shares were sold in 2005 for $336 million according to Wikipedia.

Here is Google's own explanation (or definition) of Page Rank:

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September 20, 2010

PLR Sales

PLR salesLike many of my fellow Internet marketers, there was a time when I was very enamored with the thought of owning and operating a large PLR business.

It seemed like a great way to make money.

Other people did the work of creating products (mostly e-books) and all I had to do was gather them up, feature them on a large "catalog" type e-commerce site, and sell them to a hungry crowd of business owners looking for content.

Or so I thought ...

I purchased my share of digital resale rights products; and to this day, most sit on my hard drive collecting fairy dust because I never did get around to using them.

There are some notable exceptions, mind you, but that is a discussion for another day.

I love the PLR model of selling digital information. Think about how perfect it is . . .

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October 4, 2010

10 Areas of Growth for Every Small Business! Part 2

Where to find growth in your businessIn the previous post we began discussing where to look (in your business) to find areas that you might grow in your business. What can you do to become more successful?

"Where do you look for answers if your web site and business are not successful as you would want?"

It seems that lots of business owners these days are moving to the Internet as a way to make a living or even a supplemental income. No doubt they've heard all the hype and raves about how much money there is waiting for those who want to extract it from the Internet.

Business is a complex thing and any one trouble spot could be to blame for an under-performing business entity. And if many trouble spots are present, the task of identifying them all and fixing them becomes a major undertaking.

If your business isn't performing ... or if it is performing but not at the level you expect, here are the ten areas of your business that I would first analyze in order to remove potential trouble spots:

Continue reading "10 Areas of Growth for Every Small Business! Part 2" »

October 7, 2010

What Grade Does Your Web Site Deserve?

Grade your web siteI found a great online resource that I'd like to share with you. It's an online service that "grades" your web site.

It can be used as a tool that will help you to see and understand what deficiencies your site may have. Of course, the idea is to then work on fixing those details.

The site allows you to type in your URL (like "www.mydomain.com"), press a button, and a few seconds later your grade pops up. The grade is a number between 1 and 100.

Just like a test in school, the higher your grade, the more your web site conforms to all the things that make a web site good. To see all the variables that are tested, you will need to go to the web site itself.

I just graded my web site at Business Alone and was given an "89." I'm doing OK, I suppose, but there is certainly room for improvement.

Continue reading "What Grade Does Your Web Site Deserve?" »

October 14, 2010

There is Always a Place for Your Business

Niche saturation isn't a problemMore than once I've been asked about the saturation of deep, focused, tiny niches.

It's a logical concern as business owners evaluate their potential for success, either in a new niche or in expanding into a different corner of their currently occupied market.

The reasoning goes like this: "I realize that I need to specialize - to drill down deeply into my niche so that I can focus very tightly on what I do best."

"But I'm worried that if I focus too narrowly, one or more of three bad things will happen: (1) I'll be so targeted in what I'm doing that there will not be a large enough pool of prospects to draw from to support my business; (2) the other businesses already in my narrow niche already have a strangle hold on most of the potential customers and I'll be playing 'catch up' forever; or (3) if I am able to compete in my extremely narrow focus, what happens when I've exhausted all the products and information there is to give my customers?"

Well, I have an answer for each of these concerns!

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November 1, 2010

Are You Afraid of Internet Selling? Part 1

Are you afraid of Internet selling?There are a lot, and I really mean A LOT, of entrepreneurs that have a fear of offering products for sale online.

Now, you may not have that specific kind of fear, but many others have mentioned over and over again that their fears are holding them back from moving forward in business.

I'd like to examine that topic and see if we can break those fears down and overcome them be (1) identifying the problem, (2) analyzing how and why it happens, (3) proposing solutions that anyone can implement, and (4) moving beyond the barriers that block action.

We will make this a two part series because of the details that we need to discuss!

Lots of new business owners (or would-be owners) have said that they have not been able to start a business because they have been halted in their tracks by one or more crippling, paralyzing roadblocks that they just can't find their way around.

Here are the most often mentioned reasons (fears) for failing to get started:

Continue reading "Are You Afraid of Internet Selling? Part 1" »

November 4, 2010

Are You Afraid of Internet Selling? Part 2

The Terror of Internet SellingWe are continuing our discussion of the fear of Internet selling. You see, many would-be entrepreneurs have extreme fear of offering products and services online to potential customers.

Some have expressed their frustration with fears so intense and debilitating that their business has stalled and they have not been able to get past this single obstacle.

In our previous discussion (Part 1 of the same title) we listed the top seven fears that seem to be fairly common among new business owners.

Today's discussion is about how to approach those fears and move past them in order to push a new business idea forward.

Here is a very simple but undisputed fact: only a small percentage of the people that have ideas about making money online ever get to the point of actually doing it!

For many, one or more of their fears have paralyzed their ability to implement their business plan and carry it through for income generation.

Continue reading "Are You Afraid of Internet Selling? Part 2" »

November 8, 2010

Profit from Your Info Publishing Systems

Information publishing systemsWhen it comes right down to brass tacks, I would say every Internet business owner should consider herself or himself an information publisher.

It seems to me that all business web site owners need to be publishers of:
a) website information;
b) sales letter copy;
c) site content in the chosen niche;
d) products in digital or hard copy form;
e) blog content;
f) email communications;
g) customer service responses;
h) advertising / marketing copy;
i) articles and press releases;
j) probably other things I'm forgetting about ...

My point is, whether you consider yourself to be an info marketer or not, you really need to pay close attention to your publishing (i.e. putting it out on the net or in emails) and how it can affect your overall business.

Continue reading "Profit from Your Info Publishing Systems" »

Steve Browne, Business Alone author

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About Competition

This page contains an archive of all entries posted to Business Alone in the Competition category. They are listed from oldest to newest.

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