Customers vs. Clients - Do You Know the Difference?
I'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?" »
There's no doubt about it . . . folks go online to find information. They use the information to learn what's happening in the world around them (news), to communicate with others (email), to be entertained (games, video, music), to connect with others in niches (social networking), and to comparison shop.
In the previous two posts, we discussed a technique for drawing up a very specific list of business subjects that could become the basis of your online enterprise. They are designed to take advantage of your past life experiences, education, skills and passion.
Many entrepreneurs struggle to come up with good ideas. It only takes one, however, to lay the foundation of a profitable business. But don't worry - your idea doesn't necessarily need to be perfect to allow you to start a business.
Here are a few ideas of some information business niche markets that I have seen on the Internet that seem to be popular and growing (in terms of the number of new businesses cropping up.)
It's a nasty name, "swipe files," but it's an idea you should implement immediately if you haven't already gotten yours started!
In the previous post I suggested that there were some personality traits that were commonly measured (through self analysis testing) that seem to be indicators of the entrepreneurial mind set and qualities necessary for future business success.
The unique and important aspect of any web based solo information business operator is the fact that he/she can deliver personal knowledge, skills, or experience to targeted customers over the Internet and get paid to do so!
If you sell information, you are, in essence, a paid consultant.
Here is my checklist of crucial questions to ask yourself about your solor business, whether it's still in the making or already cranking out a profit.
For many years, solo businessmen worked among the ranks of the self-employed as "organizers" or facilitators of groups of like-minded people.
There are actually dozens of smart and effective ways to begin the business creation process that will reduce the risk of a new venture for the owner.
Let's face it, many folks that start their own solo business are first time entrepreneurs. They have no history, background, or training in small business development or operation.
Preparation for business success can come in many ways.
Over the next few posts we will be looking at things you can do in your business to:
There is a critical business principle that you need to learn and implement in your solo Internet business that will serve you extremely well. In all digital businesses it will become either an invaluable friend or a nightmare of an enemy.
I don't know of a large profitable corporation that doesn't regularly seek professional advice on a whole range of business issues.
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.
Depending upon the type of solo business you operate, and the needs that your business has to communicate with the "outside" world, you may want to consider setting up a private area on your company site.
On my reading list for all online solo business owners is Michael LeBoeuf's little paperback called The Perfect Business.
In a lot of online business situations, email is the lifeline between you and your customers and suppliers.
Late in 2005 (December), several PR experts gave presentations at the Utah Information Technology Association's (UITA) gathering that was labeled: "PR Tips from the Trenches."
The ways an auto responder can be employed to automate your business tasks are many. Here are just a few of the typical business uses of an auto responder:
Today's solo business owners have an amazing array of tools at their disposal to share their story and their wares with customers compared to days bygone.
As a solo Internet home business owner you are most likely the webmaster of your own web site.
To tell you the truth, I'm having a hard time coming up with any reasons why you shouldn't absolutely consider having a forum at your site.
You will hear me very often say, "You are the business." The solo Internet business operator is often an individualist that would rather be creative, adventurous, and find his own way over joining the pack.
Some 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 want to welcome my new friend Chris Elliott to the blog and the amazing world of Internet business. Chris is a high school senior about to make a choice between colleges and is interested in entering the business world after school is completed.
Over the short history of the Internet, there have been many creative and unusual strategies attempted by entrepreneurs to generate income, both as a means to make a living and also to simply add additional streams of income to the owner's business.
I recently viewed a video clip produced by John Reese that showed his amazing VRE strategy that added over $500,000 to his business the first year it was implemented (beginning in February 2005.) You can view the video for yourself
The premier search engine Google has come up with several programs that may be of interest to the solo small business owner. But there seems to be some matter of conflicting opinion about whether a web site owner should do anything to send his traffic away to someone else.
If you are a solo business operator and choose to increase the revenue generated at your web site, you have the option of employing Google Adsense advertising. I believe Yahoo and MSN also (or will soon) offer similar programs that allow the web owner to monetize his content.
Most profitable Internet business owners will tell you that a consistent, fresh, value-packed email newsletter is one of their key ingredients to success.
One of the great advantages of being a blog writer (author) and a blog reader (viewer) is the fact that there are few hard and fast rules about what a blog has to look like, say, deliver, and accomplish.
We've been discussing how to write a blog. I've given six suggestions so far that will help you to be successful and attractive to the readers in your niche.
I got this question for an inquiring young lady that had been following my posts at a previous blog site.
I read a news opinion column recently that claimed the great benefit of the Internet to small businesses was that it allowed every business to be built on the same footing - low startup cost and potentially unlimited exposure.
One of the greatest secrets to successful solo small business seems to escape many entrepreneurs.
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."
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.
I mentioned in an earlier post that I thought press releases were one of the most effective yet misunderstood tools the business owner had at his disposal to market his business and drive targeted traffic to his products.
Press 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.
I have often made the comment, "You are the business." As a small business owner, you are the solo creator, founder, operator, and employee of your business.
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.
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.
I've often spoken and written of the accelerated pace of business on the Internet. Online, everything moves quickly and changes happen almost overnight.
It's only been since the late 1990's that marketers are able to look at the phenomenon of Internet purchasing.
If, indeed, the Internet is a great information highway with traffic, data, digital goods and services, and communications whizzing back and forth at the speed of light, it would be worth the effort for every business owner to create as many links to that highway as possible.
One of the true challenges facing every Internet business is the process of turning prospects into paying customers.
Of course the type of business you run will often dictate the accepted and profitable practices that are used in your industry.
There's no doubt about it. The number one reason why people come to the Internet is to get information. They come to read the latest news, comparison shop, find answers to questions, communicate with friends and associates via email or voice, seek out entertainment, or play games.
One-on-one advertising, that is direct response advertising, is designed to solicit some type of action from the viewer. It may also have the side benefits of building a companies brand or attaching credibility to a product, but the main desired outcome is still related to getting the customer to take action.
The answer won't be a surprise to most; nevertheless, the concept or principle behind the answer needs frequent repeating until it's permanently embedded in the business operator's memory.
No one knows the exact number, of course, but professional marketers generally agree that a strong and powerful headline accounts for 70-80% of the effectiveness of every advertisement.
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.
One of the foundations of any successful marketing program is repeated and systematic contact of the prospect.
I believe in small business! I believe in entrepreneurs!
You've probably noticed the proliferation of "how to" content sites and businesses that have sprung up in every niche across the Internet.
Most marketing experts will tell you that they go to great lengths to try to draw the prospect into a sales pitch.
As we all know, the Internet has spawned a huge new industry of journalists known as "bloggers" who daily write and publish opinions and news in every imaginable niche.
Entrepreneurs are always thinking and scheming about ways to make a buck. That's what they do, isn't it?
Blogs, like most every other type of Internet web site, gain value, grow, and even thrive when they are heavily viewed.
The owner of a solo digital information business is the perfect candidate for a targeted niche blog authored by the business owner and directed to support and advertise the business and the product.
I have seen a smattering of Internet marketers voicing loud and sometimes passionate opinions that blogs are destroying the Internet. Why?
Writing enticing sales copy for ads, web sites, newsletters, etc. can often be a daunting task because so many different approaches seem to work equally well at a given time depending upon the target audience, the product being sold, the venue, etc.
When business owners develop a service or product that is designed for a highly targeted audience, they often struggle to find enough prospects gathered in one place to design a marketing strategy for the group.
One of the keys to selling products online is to somehow personalize your approach to the prospect.
One of the first and most important tasks of any web site owner is to capture at least the name and email address of every visitor possible.
Online business in today's marketplace has many advantages that the small business has never had in the past.
Have you ever noticed how customers like to be given very specific instructions or detailed directions from those they consider to be an expert?
Often small business owners have little or no formal training or skill in advertising and marketing their products.
Grab any piece of junk mail and take a quick look at it.
You know what I'm talking about.
As the name implies, an advertorial is a cross between an advertisement and an editorial.
There is a simple and very straightforward way to engage your prospect in the conversation, or in your advertising, or your web site, or your email.
The manufacturers of the industrial era had at least one thing in common: they found that mass production could cut both product costs and production times by substantial amounts when work was compartmentalized and the flow of assembly was orchestrated to bring all the parts together at the proper time (on the assembly line) and sequence.
If you have targeted your customers properly, there will be few better or more productive business lead generating tools than to publish a "Tip of the Day" related to the education of your audience in your chosen niche.
If you're a blog author, you've probably contemplated what, why, and how you write.
Wouldn't it be great if you (and your solo business) were on the Rolodex of all the local and regional newspaper editors?
In the previous two articles, we have been discussing some marketing tactics that fall under the strategy of "piggyback marketing."
A friend of mine inherited a small gas station from his father.
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.
Often entrepreneurs and small business owners have a difficult time trying to keep from being "stale" in their businesses.
Some of you may have seen this on MSN recently, but I thought I would share my synopsis of it anyway for those interested in the "wants" of Internet users.
Did you know there are ways to see what buyers are looking for at any given time online?
One of the most overlooked steps in web site publishing, product creation, and article writing is the "chore" of first doing market research.
I was going through some of my Internet business books yesterday and noticed a little red paperback book that I remember reading several years ago. I dusted it off and read it again.
I thought I'd post a little change of pace today. I ran across an interesting bit of wisdom a couple of days ago that I wanted to share with you.
Of all the things you need to pay particular attention to on your web site ... content is probably the most important.
Regardless 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.
I thought today I would follow up with a few more of Ben Franklin's ideas about money and work. (Please see the previous post)
I am a firm believer that anything can be sold online.
When it comes right down to brass tacks, I would say every Internet business owner should consider herself or himself an information publisher.
