Are You Prepared to Go Into Business?
I know many would-be business owners are caught up in the dream of solo business.
They envision themselves as enjoying lots of money as the fruit of their efforts.
They see themselves as being the "boss" of their own lives.
They fantasize about working when they want, doing what they want, and being accountable to no one.
They sometimes are so desperate to begin their new life they don't properly prepare for what is ahead of them.
They don't think about the extent of the commitment it is to leave a paying job and begin a new business venture that is untested and untried.
I recently came across some information that should be of interest to all solo Internet business owners.
I've always been one to look at new year's resolutions as a two-edged sword.
Everyone that goes into business as a solo operator needs to develop a certain amount of "creativity" or non-traditional thinking. Why?
I recently came across an article that gave some specific proven advice about launching a new web site. The steps explained were simple and straightforward. I don't remember where I saw the article, but I did make a copy and thought I would summarize it here for you.
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.
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.
More than anything else, marketing your business and your products effectively will make or break your company. Read that again.
One of my favorite mentors (even though I have not personally met him) is a gentleman by the name of Seth Godin. He was formerly the Direct Marketing Vice President at Yahoo!
Many businesses are simply little fish in a big ocean, swimming and scurrying about hoping to be noticed or "chosen" by those customers that want what they have to offer.
There is a huge amount of talk and banter these days about niche business and the necessity to focus your efforts in very targeted segments of your market sector.
Malcolm Gladwell, a talented and observant staff writer for "The New Yorker," has written a little book that you, the entrepreneur, should read as part of your basic small business education.
Late in 2005 (December), several PR experts gave presentations at the Utah Information Technology Association's (UITA) gathering that was labeled: "PR Tips from the Trenches."
In 2005 I purchased and read Seth Godin's latest contribution to new age business thinking and culture and immediately was struck by it's logic, practicality and seemingly correct vision of how we must sell our products and services now and in the future.
Another 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.
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.
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.
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.
Some solo business owners have experienced great success by marketing their company and products off-line.
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."
Before 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!
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.
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.
If you were to ask me that question face to face, I'd probably do a double take and say something stupid like, "You have an advertising budget?"
I've often spoken and written of the accelerated pace of business on the Internet. Online, everything moves quickly and changes happen almost overnight.
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.
Regardless of the size of your marketing budget, there are some business principles that should guide what you do, when you do it, and how you bring together the various elements of your business marketing.
In the previous installment, we discussed some basic business principles that should guide your Internet marketing campaign.
I believe that every business has the opportunity to "make a difference" in the world today, even if only in a small 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.
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 great advantages to operating a solo business is that you, and you alone, control what transpires in the business. You make all the decisions, you set the rules, and you alone reap the business spoils.
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!"
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.
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.
Do you remember that line from radio and TV advertising of yesteryear?
As the name implies, an advertorial is a cross between an advertisement and an editorial.
There's a very interesting phenomenon that often takes place in small business environments that to some extent can be predicted.
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 popularity of survey results in a specialized niche is undeniable. Customers and prospects alike love to be part of a survey and then look at the results.
If you've read any of the material I suggest about marketing a small solo business, you know that I am a firm believer of very targeted marketing to customers that have shown an interest in your business or products.
Wouldn't it be great if you (and your solo business) were on the Rolodex of all the local and regional newspaper editors?
Once you leave the corporate world (or any kind of job where you're an employee for someone else) for the adventure of solo business, it only takes a day or two before you realize that you're standing naked in front of the world hoping that somehow others are going to notice your business.
In our previous discussion, we talked about the fact that a new business owner cannot rely upon "the corporation" to provide him with contacts, invitations to events and groups, company resources, credibility, etc.
Here are some additional suggestions on ways to begin a business network of contacts and support if you are creating a solo business:
Both online and offline small businesses can create and distribute product and service offerings very cost effectively through the use of coupons distributed to their niche market.
A friend of mine inherited a small gas station from his father.
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.
For a long time I've felt that the future of entrepreneurship in the United States is very bright. And contrary to many that feel this nation is headed toward an economy based on mega-corporations and giant conglomerates, I've always believed that the key to a strong national economy is a growing and prosperous small business sector.
Marketing a small business can be a daunting task for the owner that has no previous marketing experience.
How many ways are there for a small business to fail?
Here's a very powerful marketing strategy for every small business owner that has ever wanted to "force" his clientele to identify with him.
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?
Today's post is a bit of rambling about a principle that all of us seek and can, at least to some degree realize, regardless of how our business endeavers pan out.
Yes, bumper stickers have been in use for a very long time. In fact, they continue to be an excellent strategy for small business because the cost of employ this strategy is minimal but the exposure it can give your business can be great!
Who hasn't received a mailer that included an offer to purchase a product or try a service with the stipulation that all you have to do in order to activate the offer is peel off a pre-printed label and stick it in the box marked "I ACCEPT" and then send it off in the mail?
