Friday, June 1, 2007

How To Get Free Airtime And Free Print Ad Space By Setting Up Joint Ventures With Newspapers, Radio Stations And TV Channels


Display Relevant Adsense Ads Using Section Targeting

One way to reduce the risk and cost of launching a new consumer product is to get TV stations to run your ads for free. That's exactly what R.D. Smith did when he launched Drive & Grow Rich Inc. This year, Smith, 33, will sell more than $10 million worth of motivational and business CDs and sign up 100,000 new subscribers without paying a cent for advertising.

Smith calls his secret formula "joint venturing" with the media. "Every media outlet has some unsold airtime," he says. "Instead of taking a loss on it, they give it to me in exchange for a split of the sales."

Because Smith's products are attractive to a broad demographic, his media partners run the Drive & Grow Rich advertisements at every opportunity. His 30- and 60-second ads run more than 1,000 times a day on radio and TV. Smith says media companies have literally funded his startup and growth. He has used more than $5 million worth of media in two years and never paid for any of it out-of-pocket.

[Via Entrepreneur Magazine]


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Does Your Business Smell Good?


Weird Business Startups - Smashing-Plates.Com

There are three levels of interaction with a customer. If you are stictly a direct mail or online operation, you will never see most customers at all. As a freelancer, I have to “go deep” with a client, but it’s almost always on the phone — so, while I get to know my customer intimately through long, frequent chats, I wouldn’t recognize them on the street. Lastly, if you are, say, a doctor or a retailer, then you operate in the same space as your customer, face to face. You can see, hear, touch and smell them.

Now, the biggest blunder most businesses make is to ignore the lifetime value of a customer. These “future blind” businesses operate as if the current transaction is the only one that matters. So they get short-sighted about the long-term effects of customer satisfaction.

It’s human nature. Most direct response joints will lavishly woo a prospect until he actually orders… and then consider him a nuisance that, oh well, must be sent the product. I can tell you from experience that most clients (in all industries) suck — they will come to a freelancer or vendor desperate and begging for help, promising the moon… and, once the crisis has been handled, will get nit-picky over paying the rest of the fee. In retail, once you buy something, you’re just taking up space in the store.

Businesses treat customers the way a cad treats a date — intense attention and interest, until they get what they want. Then, hell, you can walk home.
Smart businesses never operate this way. They understand that a happy customer will buy again, and again, and again. The lifetime value of a happy customer is a multiple of his first purchase. Often, the first purchase is a “test” buy… and, if he’s satisfied, the next one will be huge.

So it’s important what kind of smell you leave behind, after your prospect becomes a customer. In direct response, even if you never meet your customer, you can still bond with him through your emails, letters, and occasional phone calls. (This is one reason I insist that my clients have long, outrageously generous guarantees on all offers — it forces them to continue “wooing” the customer after he buys.) If you deal more intimately with people, you have even better opportunities to re-establish that critical human connection.

I’m thinking of this as I stew over my second attempt to reach a human being at the “customer service” phone center for Best Buy. I dropped over a grand at the joint, and there seemed to be some suspicious activity on my credit card connected with their online operation. It would be a simple matter to solve, on the phone, with another human being.

But no — they’ve installed a robotic system that has NO OPTION in the menu to talk with a live person. Their site chirps about being able to handle all matters on this line… but if what you need is outside the narrow confines of the menu, you’re out of luck, dude. They don’t spell it out, either. You have to figure it out, after putting in your time: You ain’t never gonna speak to a real person.

I like Best Buy, I really do. It’s a cornucopia of electronic gear, with at least moderately helpful staff, non-gougy prices, and — important for me — lots of stuff in inventory. And, if it’s not in the store, you can just pop online and order.

But you cannot reach a human being after the sale. I suppose I could haul myself down to the store, find the right line to stand in, and eventually get some sort of answer. But that leaves a bad “smell”, and it ain’t good customer service. That smell is even worse because of the forty minutes of frustration on the phone trying in vain to find a way around the robot. (Come to think of it, I’ll bet the store won’t handle something done online. I may just be paranoid, but I can clearly envision the conversation: “Sorry, we can’t help you if you ordered through our Web site. But we do have a great customer service phone number…”)

I’m just venting here. I discuss it further in the latest issue of the Rant, because it’s important. We shouldn’t have to be reminded that every customer still has us on “probation” after each sale… but it’s in our nature to want to take the money and run. And that’s wrong, both on a karmic level and a pure Operation MoneySuck level. It’s a lesson that needs to be learned the hard way.

Sure, I’ll bet the geniuses at Best Buy did the numbers, and decided that not having live operators saved a bundle. But I just started exploring new places to buy computers and other massive mounds of electronic gear, after being left at the altar one too many times by my former “go to” place. Best Buy seemed like a relationship that could have gone on happily for a while… until they made me walk home after the first date. (Okay, I’m through with the romance metaphors.)

Show me the place that will sell me what I want, and be there afterward when I need to cuddle (sorry, couldn’t resist), and that’s where I’ll be spending my money.
I’ve got a lot to spend, and I’ve got many more years left to be wanting new electronic gear. They had their shot, and they blew it. Does anyone know of a place that understands the need for some hand-holding after an electronics sale?

John Carlton, http://www.marketingrebelrant.com/
Breathe New Life Into Your Online AdvertisingPromoting on a Budget
People : Magazine

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Putting Share Ownership in a Business Plan


SEO Basics - Good Link, Bad Link

How many shares should I have? How many shares am I allowed? How many shares do I give to my sister-in-law who helped with my business plan? What about shares for my roommate, who says it was her idea? What will the investors think?

Questions like these, about shares and sharing, come up a lot as you develop a plan for starting a business. I’d like to help you answer these by sharing some general background, context and examples about some fundamental concepts that belong in a startup business plan.

Read more on entrepreneur.com.


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Segway Inventor Dean Kamen on Risk-Taking and Innovation


Little Known Link-Building Secret - Being Friendly

Inventor and entrepreneur Dean Kamen is founder of DEKA Research & Development. Best known for inventing the Segway electric scooter, he believes in the power of innovation to change the world. Here are his thoughts on “5 Things I've Learned”.

Taking risks is essential.
In my case, taking risks is easier because it’s my limb; I own the tree. I quit school at a time when no one quit school and started a company in a basement with no money. I discovered that I’m a risk taker. I get up in the morning knowing that I’m either going to have a spectacular win or loss that is going to be exciting. I prefer the former but either is more appealing than the warm death of mediocrity.

The future is the world of ideas.
Innovation and creativity will be the only serious metrics to sustain us as a world-class country. I believe CIOs are in a huge position to drive this change. They are technically savvy and have a more open perspective on change than others in senior management. I think it’s because they’ve seen firsthand what happens when you fall behind the state of the technology. That’s one reason I created First, which holds competitions to foster science, technology and leadership skills in high school students. Companies need the next generation of scientists and engineers.

Hype is the enemy of innovation.
There was a ridiculous amount of press coverage related to the Segway. I knew the hype around what the invention could do would be problematic. I knew it wouldn’t be able to do what people expected it to do right away. I don’t think anyone could make a product that could fulfill everything claimed for the Segway.

Outsourcing is practical and necessary.
This country has always outsourced things. Each generation has a golden goose and then they outsource those golden eggs. Outsourcing is a measure of the fact that we’re always raising the bar. As an entrepreneur I’ve learned that we stand on the shoulders of the generation before us and grab the next rail, provided that we’re the best educated, ambitious and courageous.

Innovation comes in many shapes.
We have two classes of projects at DEKA. Most people here would affectionately call one of those groups “Dean’s Crazy Ideas.” Those projects tend to be high risk—nobody knows whether they’re doable. I’ve learned from these projects that sometimes we must stumble around in the garden of new ideas to find a better way to solve a problem. But we also work on well-defined problems where we’ve got a good solution and need an innovative way to make it work. In my experience, you have to strike a balance between the two. If you think you’re in development mode but you’re really in that other place where failure is the most common outcome, then bad things can happen.

As told to Katherine Walsh, CIO Associate Staff Writer.


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Ready to Launch


Business startup rate drops to 10.1 percent in U.S.

If an idea for a new product is swimming around in your head but you need help bringing that invention to the surface, look to a college inventing program to learn the ins and outs of product design and development. Josh Kerson sought the help of the Lemelson Program at Hampshire College in Amherst, Massachusetts. A student at the University of Massachusetts, he was in the University Without Walls program. This allowed him to take a design class within the Lemelson Program, which draws students mainly from Hampshire College and other allied universities in the Amherst area. The result was his invention of a hybrid electric recumbent cycle--a three-wheeled cycle where the rider is seated in a laid-back position. He founded his company, RunAbout Cycles Inc., in 2005 after producing successful prototypes within the program. "We were fortunate to have such a fantastic facility," says Kerson, 38. Now selling the cycles online and in a few specialized stores for about $4,500 each, Florence, Massachusetts-based RunAbout Cycles hopes to ramp up production to about 2,000 units in 2007.

A fabrication facility is just one of the many benefits the Lemelson Program offers, notes Colin Twitchell, founding director. "It's important for the students to understand their own process of invention," he says. "[We examine] the things they can do to enhance their technological and inventive creativity, we expose them to other successful inventors and entrepreneurs and we also strongly believe in experiential education." In fact, almost as soon as students have an idea for an invention, they're encouraged to make a mock-up of it--just to get it out of their head and into some tangible form. Courses in design and fabrication techniques as well as the overarching theme of entrepreneurship help guide students, who can join the program anytime during their college career and can stay through graduation.

Don't live in the Amherst area? Check out the National Collegiate Inventors and Innovators Alliance for similar programs near you. The NCIIA is an organization formed to encourage invention, innovation and entrepreneurship in the college environment. Hampshire College is an NCIIA member school, as is the University of Maryland, which houses VentureAccelerator, a program designed to help entrepreneurial students and faculty form companies around their inventions. The program offers mentorships, networking and business planning to help launch new ventures. Says Scott Laughlin, director of VentureAccelerator, "We help faculty and students who have ideas [with commercial potential] create companies and bring them into the private sector."


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Making a Clean Break


Like eBay but with loans

When her dream of working in law enforcement didn't quite pan out, Anne-Marie Faiola decided to turn her passion for making soap into a full-time career. Bramble Berry, based in Bellingham, Wash., now offers more than 2,500 soap-making ingredients like fragrant oils, soap molds, lip-butter flavorings, assorted herbs and botanicals, and even the books and kits to teach anyone to make their own soap from scratch.

"My dream was always to work for the FBI. But after I graduated from college with a degree in criminal justice, they wouldn't take me. So I took a job as a correctional officer to get some experience. I worked for six months at Cedar Creek prison in Littlerock, Washington, as a psychological counselor. I then transferred to a minimum-security prison in Bellingham. I was basically a social worker, and I was terrible. I was gullible -- and always wanted to believe in the best of people.

"I was miserable, and my only escape was making soap in the evenings after I got home. I'd been making soap since I was 18 and I loved it. My husband at the time saw how unhappy I was, and encouraged me to quit my job and start selling soap. He said as long as I made $500 a month, we could eat macaroni and cheese and be happy. I didn't have any lofty ambitions, just to sell 1,300 bars a month, which I figured would be enough to feed us and pay our mortgage.

"Within three weeks of quitting my job at the prison, I realized that all the suppliers I ordered from were based on the East Coast. After doing some research, I saw that everyone else was, too. So I placed a huge bulk order of supplies, set up a Web page, and waited. It didn't take long before I sold everything to seven different soap makers on the West Coast. I was like, 'Wow, there's a business here.' I moved my operation into an office and Bramble Berry was born.

"Our real turning point was the year I put up the web site. Martha Stewart was really into soap making, and she wrote about it a lot in her magazine and talked about it on her show. So as all those people started searching the Internet looking for supplies, they found me.

"We buy from 80 different vendors from all around the world. For example, we get our lavender oil from Hungary, France, and Spain. We often buy directly from the farmers, and it takes a lot of work trying to find suppliers and negotiate with them. It's very much a commodities business. Because of the frost in Florida this year, I'm getting killed on the price of essential orange oil. I haven't been able to afford pink grapefruit oil in three years. That has forced me to look for new suppliers in places like South America.

"My clients are mom-and-pop businesses. I just did a customer survey and most of them make less than $250 a month selling soap. Our average order is for about $75. It's a very seasonal business. Our orders go through the roof in the fall before the holidays. We pride ourselves on our customer service and 24-hour turnaround. When you order from us, you'll get your product the next day.

"While I'm not involved in the day-to-day production of soap, I still love making it when I can. In just the past few weeks I've made about seven new batches -- and just about ruined our brand-new wood floor when I spilled soap all over it."
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Business Partnerships for Entrepreneurial Women


10 Ways to Achieve Success as a Lifestyle Entrepreneur

Let me start off by saying that I believe in business partnerships. I know that stories and statistics show they can be problematic and perilous to navigate. However, I’ve witnessed what can happen when the right people come together and the sum total is truly greater than the individual parts.

To establish or maintain a successful business partnership, you have to go into it with the right expectations. Partnerships are like marriages you expect to end in divorce: It’s nearly impossible for two or more people to be on the same life trajectory forever. Knowing this fact up front is the key to planning both before and during the course of a partnership to ensure its strength and success.

It stands to reason that women can excel and benefit disproportionately from business partnerships. The results of countless studies have shown that women embrace participatory leadership and excel in relationship-based management. These qualities are at the heart of good partnerships. In fact, the Center for Creative Leadership, a leading nonprofit organization dedicated to studying and teaching leadership, recently listed building and mending relationships as essential leadership skills determining success.

As I write this, I’m transitioning out of a very successful nine-year business partnership. The fact that even the dissolution of this thriving partnership is such an agreeable process reinforces the fact that my partner and I did many things right along the way, some of which were intentional and some were mistakes we learned to fix.

If you’re considering joining forces with someone or some others to either start or grow a business, take to heart these lessons I learned from my experience:

  • Find a partner who has what you lack. As Michael Gerber says in his popular E-Myth book, one plus one should equal three. Don’t partner up with someone who’s just like you. Equity is an expensive way to make friends.
  • Make sure your core values are aligned. I’ve seen more partnerships fail because of trust issues than anything else. There’s no grey area when it comes to integrity.
  • Answer all objections up front. Take the time to go away together and do some real business planning. It’s natural to be excited when forming a new partnership, but play the role of the naysayer. Determine why the partnership may not work, and then address every objection.
  • Be honest about your life plans. The fact is, for women, life will have a greater chance of interfering with our business plans. You can’t predict everything, but if you’re planning a major life change--a move, kids, divorce, providing care for an aging parent--your potential partner should know it.
  • Begin the partnership with the end in mind. Hire a competent attorney to help you put a buy-sell agreement in place so you both have an avenue for exiting the business. Make sure the agreement has teeth and is enforceable. As any attorney will tell you, it’s much easier to set something up before there’s an issue to content with.
  • Assign areas of responsibility and then get out of the way. Early in our partnership, my partner and I doubled up on nearly everything. We worked too much and created a lot of unnecessary debate. Our partnership finally hit its stride when we assigned ourselves different roles and stayed out of the other’s decisions. We should have done it sooner.
  • Finally, when you do enter into a partnership, remember all the rules your mother taught you. As with marriage, you tend to get the partnership you deserve. So treat people the way you’d like to be treated. Don’t say things you can’t take back. Don’t take things too personally. Argue behind closed doors and present a united front. Money and fear--two things you deal with constantly when running a business--bring out the worst in people. Using good manners smoothes a lot of the rough spots.

As women entrepreneurs, we have an inherent advantage in establishing effective partnerships by using the leadership skills so many of us already possess. With planning and expectation-setting done up front, the value can be exponential.

Kristi Hedges is the co-founder of SheaHedges Group, a strategic communications firm in McLean, Virginia. She is also an executive coach to CEOs and business owners on issues of communications and leadership.


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Homebusiness Millionaires - Laura Dahl


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Laura Dahl Story
http://www.wifebeader.com/


2006 Projected Sales: $1 million

After earning a master's degree at New York City's Fashion Institute of Technology, Dahl worked for couture designers like Anne Bowen, who creates high-ticket beaded sensations with semiprecious stones. On a whim, Dahl bought some beads to adorn her "wife-beater"-a tank-top undershirt. After receiving scores of compliments and gauging the interest of friends who worked for Vogue and In Style, Dahl started Wifebeader with the shirt on her back in 2003.

Dahl created eight different designs with the help of a beader from Anne Bowen. "I'd be on my couch, in front of the TV with a needle and thread," recalls Dahl. After selling out several trunk shows during her research period, Dahl approached boutiques and took orders on every single visit. "They liked that it's all handmade," explains Dahl. "We use the finest stones and beads from all over the world."

When Bloomingdale's picked up her first collection, Dahl wanted to "pop a bottle of champagne and say, 'We've done it--we've captured New York and the country!'" But she's hesitant to say that she's made it. "It's my personality to always want more and not be satisfied."

Dahl has expanded to 12 silhouettes, new fabrics and a customized Build Your Own Beader option. Wifebeaders are carried in 130 boutiques across the U.S., London, Puerto Rico and Paris; Fred Segal bought her fall 2005 collection; and Dahl is the Sundance Film Festival's exclusive gift-bag designer, for which she's launching a higher-end line, Laura Dahl.
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Before You Buy Software on eBay


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eBay can be a great place for finding great deals on software but before you place a bid on some software, here are a few important points you should take note of:

1. Read the fine print again to ensure that the software is a full retail version and not a trial CD, beta evaluation, upgrade version or even an OEM version that ships only with the hardware.

2. If the software is old or not sealed inside a box, always ask the seller to send you real photographs of the installation CDs with hologram and software manuals that came along with his purchase. This is to confirm that the seller owns the authentic version of the software.

3. Read the item description very very carefully. Make sure that it is not the academic version of the software which are generally available at significantly discounted prices but only students, faculty members and educational institutions are allowed to buy them.

4. If the deal sounds too good to be true, it probably is. If the eBay seller is willing to sell Adobe Creative Suite or Microsoft Office 2003 at rock bottom prices, they are pirated software for sure. [see real screenshot from eBay where Adobe CS2 is available for $33 alongwith Adobe Premiere Elements]
5. Always compare the eBay's price with the retail price of the software. You may also want to add shipping charges, insurance and other taxes / custom duties applicable in your country. Infact, there have been cases when people were found selling freeware software on eBay.

6. Never purchase software from eBay sellers with low feedback scores. Don't buy software from new ebay sellers who are yet to receive a reputation.

7. Try to get the address and phone number of the software seller before finalizing the purchase. Check the items that he has sold in the past and if possible, get some feedback from his previous customers on eBay.

8. Most software titles now require you to activate the installation over internet before you can use them. Also, vendors may have their own policies with regards to transferring ownership of software. You should always confirm these things before the purchase.

9. The EULA document in most cases allows the owner to install the software on two computers though you aren't allowed to use them simultaneously. You should confirm that the seller has uninstalled all copies of the software from his systems.

10. The safest bet is to buy only software that is available in sealed retail boxes.

When there isn't much difference in price between the eBay copy and the retail version, always procure the software from authorized stores only - you are guaranteed to receive a genuine copy of the software with documentation, after-sales-support, warrant and enough peace of mind.

Go to source.
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