Saturday, November 10, 2007

How To Make $1.3 Million Dollars Selling Retro Cards

Finding an Owner That Wants to Sell
Three Easy Ways To Become More Creative With Your Problem Solving

http://mikwright.com/

As owners of MikWright Ltd., a Charlotte, North Carolina-based greeting card company, Tim Mikkelsen, 45, and Phyllis Wright-Herman, 44, employ a group of friends and neighbors to glue old family photos to off-size greeting cards. The duo then writes humorous, snarky captions for the 1950s, '60s and '70s-era pictures.

Sounds like a simple, old-fashioned kind of operation, right? Well, it is, except for the fact that the company sells its products in more than 10,000 retail locations around the world and generated sales of $1.3 million last year.

Despite the fact that they could easily afford to mass-produce their products, the owners feel it's important to keep the same production methods they've used since launching the company in 1992. "There's not a machine that can guarantee the quality control that a human can," says Mikkelsen. "We're not looking to be this huge conglomerate. It would change who we are and what we do."

[Via - Dane Carson Blog


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How to make money without really trying

Picture this: Online video generating excitement
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(Business 2.0 Magazine) -- When word of a whites-only scholarship at Boston University hit the media last fall--drawing coverage from bloggers and biggies like ABC alike--Daniel Kovach smelled opportunity. His goal: to boost traffic to the website he runs, Scholarships Around the US.

So he paid a writer to crank out "The White Man's Guide to Getting a Minority Scholarship," which reveals that some schools do offer scholarships to "nonblack" students--and added it to the mix. Then Kovach planted a link to the article on recommendation site Digg, where it jumped to the coveted front page.

That, in turn, led other sites to link to the article. And Kovach landed a top search ranking on Google (Charts) for phrases like "white man scholarship."

Such timely strategies have helped Kovach turn his year-old site into a $10,000-per-month cash cow (see correction below). Not bad for a 26-year-old who works about an hour a day out of his townhouse in Raleigh, N.C.

Media outlets have, of course, always exploited offbeat events and stories to drive traffic. But today it's easier than ever to profit from a surge of interest in a particular topic. Some people simply aim for 15 minutes of Web fame and make a few hundred bucks by setting up a site around a topic, loading it with Google pay-per-click ads, and working social sites to link to it.

But others, like Kovach, are making bigger money by tapping the cultural zeitgeist to draw more people to an existing site.

Kovach's windfall is more surprising given that he started with a terrible domain name: http://www.scholarships-ar-us.org/. It's difficult to remember, and no one would ever type it directly into a browser. The domain's appeal--and the reason Kovach paid $1,000 for it--was that residual links pushed it up high in Google search results.

And that was better than starting from scratch. For $900, Kovach hired a designer to give the site a simple and authoritative look. He found freelancers on the Web to write items on topics from essay writing to sports scholarships. He mapped out what categories the site should include.

Each step of the way, Kovach milks trends big and small. He says he spends about 15 minutes a day culling education-related articles from Google News, scanning the headlines in search of anything that might help him stoke traffic.

"You have to sift through it all," he says. "No one is going to hand you pieces of trend gold." And he uses Google's Keyword Tool and Wordtracker--services that show what phrases people are searching--to figure out which parts of his site to beef up.

When Kovach discovered that people regularly search for scholarships for "twins," "tall people," and "left-handed people," he added a section about each. "There are hardly any real scholarships," Kovach explains, "but we'll give the searcher any information they want."

Sometimes all it takes is one smart move. Darren Barefoot, annoyed by a swell of media coverage about the virtual world Second Life, created a parody of it-- getafirstlife.com. (The subhead: "Your world. Sorry about that.")

Barefoot launched his site in January, submitted it to recommendation sites, and sent it to a few bloggers; it worked its way up Digg. Soon he was enjoying his own little windfall: 350,000 visitors in 30 days, and roughly $1,000 from Google ads--ironically enough, ads for the myriad businesses and services that cater to Second Life users.

"This was a fire-and-forget project," says Barefoot, a public relations exec in Vancouver, British Columbia. "But I've made enough money to make it worth my time."

CORRECTION: An earlier version of this story misstated the amount of money that Kovach's website, Scholarships Around the US, pulls in. It is $10,000 per month, not per year.

[via cnn.com]


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How To Make Money With Extreme Bartending

This is your life, according to Google
Desiring What Is

Scott Young likes to captivate his customers, so it’s fitting that he spends so much time behind bars.

Young is the president and head instructor of www.extremebartending.com Bar Smart – The Performance Bartending Company, which he founded in 1993. He laughs when asked if he and his “extreme bartending team” are to bartending what the Chippendales are to exotic male dancing, but then realizes there are many parallels.

“We have style as we’re serving drinks,” Young, 33, said from his office in Vancouver. “We’re throwing bottle, glasses, limes and straws, basically being performers behind the bar.

“We travel all over the world to whoever hires us. We were in Denmark three weeks ago. It’s neat, because Canadians are really well-like around the world, because we’re polite.”

Young works at several bars, but mostly at the Roxy Niteclub in Vancouver, which he said is arguably the busiest club in Canada.

There are 10 Extreme Bartending instructors, including two in Toronto, one each in Winnipeg (Carl Berryman) and Kelowna, B.C., and the remainder in Vancouver. All but one of the instructors are male.

“It’s very difficult to get a high-level bartending job, because there is very little turnover in this industry,” said Young, who charges $225 for his two-day seminars.“We get people who are wanting to increase their odds of getting one of these jobs.

“We’ve sold videos to 60 different countries and we’ve got 12 new ones on the way.”

The seminars also include how to deal with problem customers and over-serving.

“Make the women feel safe in your bar and the guys will come,” Young said.

The 1988 movie Cocktail, starring Tom Cruise, had both a positive and negative impact on bartending, Young said. The movie got people excited about the industry, but bar owners didn’t want anyone like the film’s characters in their bar because they were literally leaving their profits on the floor.

“There was a lot of spillage in that movie,” Young said.

He is fully aware of the serious side of his business as well, considering both the injury factor while instructing and the legal and moral responsibility.

He considers the risk in throwing bottles and suggests newbies should start out chucking the limes or straws until their eye hand coordination is dependable.

“My lawyer gets upset when I teach people to blow ten foot flames, so I don’t do that,” he laughs. He plays with fire himself but doesn’t teach those tricks.

But speaking of playing with fire, he tells a tough story of legal implications (never mentioning government officials).

“In Canadian law, both the bar and the bartender can be held responsible for letting a person drink and drive. Many people are not aware of that.” He tells a tale that was eventually overthrown in Supreme Court where a man drove drunk away from a dinner theatre and crashed, killing one passenger. The driver sued everybody and the first court proceedings found the driver 89 percent liable, the establishment 10 percent liable and the waiter one percent liable. It was a $2 million case.

“We teach with two points in mind. First, we let people know their legal responsibilities and second, I believe we have a moral responsibility. We know what happens when people drink.”

Young encourages participants in his seminars to think of customers as guests in their home and he gives tips on how to attract customers, but also how to deal with problem situations.


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