Monday, September 10, 2007

A Story About An Entrepreneur and the Real Meaning of Success & Wealth

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Rarely has any movie left such a lasting impression on the American public as Frank Capra’s all-time masterpiece --- “It’s a Wonderful Life.” We all know the story and have seen it many times.

On the surface, the movie appears to be a sappy, sentimental film which puts a smile on our face and brings tears to our eyes, every time. In reality, this film serves as a universal story of the enduring human spirit -- filled with many powerful lessons about life, business and money.

It’s our story -- yours and mine. It’s a story about the George Bailey within us all. It reminds us of our own human condition and the deep issues we must confront. Especially at year’s end, the story’s core message nudges us to take inventory of our lives, evaluate our worth and question our place in a world that does not behave as we often expect it.

The REAL STORY Behind the Story … Does This Sound Like YOURS?

As uplifting and inspiring as the end of this film is, “It's a Wonderful Life" has a very dark side as well. George Bailey, played by James Stewart, is a man at the end of his rope. Throughout his life, he has sacrificed his own needs to make everyone else happy.

Young and ambitious, he dreams of traveling the world, and accomplishing great things. However, George must abandon his plans, when his father suddenly dies, and he must take over his dad’s building and loan business to carry on the tradition. It is a well-respected business that genuinely puts people ahead of profit, yet in George’s eyes, it is the chain that ties his life down.

That is just the beginning of George’s spiral downward. One Christmas Eve, $8000 is misplaced by George`s absent-minded uncle, driving poor George deeper into despair. The combination of his own dashed dreams and the prospect of abandoning the town to Potter -- an old, corrupt man who represents the most despicable image of capitalism – sends George into an emotional crisis so large that he contemplates suicide. Rescued by an angel determined to get his wings, George is then shown how much good he contributed to the world, and what life would have been like if he hadn`t been born.

The REAL Message: 3 Profound Lessons About Money, Success and the Purpose of Life

LESSON 1: Failure is in the eye of the beholder. It’s all relative to your goals, expectations and values.

"It's a Wonderful Life” is a movie about a small town guy who thinks he is a failure and wishes he had never been born, It is only by getting a glimpse of what life would be like without him, does George get a major epiphany. “He is not a failure afterall.” He learns that he contributed to the happiness of many people, and that he made a difference.

Good things happen and bad things happen to us all. A bank run happens and someone nearly drowns. Yet, by the end of the movie, George Bailey reminds us -- as business owners -- that no matter what goals and dreams we are pursuing, real success comes from our journey and the lives we touch along the way.

LESSON 2: Our true wealth is measured by the love and support of family and friends. There is no $$ amount that can replace it.

In the beginning of the movie, all goes well for Bailey - a beautiful wife, a few children and a lot of friends. George even pursues his dream of building a village with affordable houses in Bedford. Unfortunately for Bailey, life spirals downhill after the Depression and then bankruptcy. It is at the point when Bailey is unable to handle the burden of all the people's money he cannot repay, he contemplates suicide and ending his misery.

In that moment, all George could see was the “dark” side. He loses perspective of the many blessings still in his life. At the end of the movie, George opens up a book given to him by his guardian angel with a handwritten note: "Remember: No man is a failure who has friends."

We too often fail to truly appreciate and treasure our homes, our family, our friends, and even life itself. Wouldn't it be nice if each of us could learn the lesson, as George did, that life is already wonderful? That where we put our focus determines if it is so?

LESSON 3: We all have a purpose in life. Our purpose is not something we decide. Rather it is something we discover. Through the events of our life, our purpose finds us.

As with George, we all go through life, with a certain amount of struggle and adversity. Sometimes life is frustrating,. Sometimes we fail. Sometimes we might even reach the end of our rope and wonder “is this all there is? Why was I even born, anyway?”

George did not recognize his life purpose until he hit rock bottom and questioned his very existence. With the helping hand of his guardian angel, he got to see the truth. The roadblocks that forced him to sacrifice his dreams and instead serve the community where he grew up were, in reality, the stepping stones to living his life’s purpose.

If, like George Bailey, we could see what life would be like, had we not been born, we would realize how truly fortunate we are to simply be in this world. We would discover that every event in our life – no matter how mundane or how difficult -- somehow is leading us down the path of our life purpose.

No amount of personal or business failure, no amount of misfortune, no amount of struggle or turmoil can change the immeasurable value of our lives and the difference we are already making every step of the way. Our smallest contributions are often the most significant.

As we welcome a new year, may each and every one of you, take inventory of your life, through the eyes of George Bailey, and awaken to the real truth, "It’s a wonderful life."

Denise Corcoran - CEO, The Empowered Business (tm) - assists CEOs, executives and business owners in taking a quantum leap from the ordinary to extraordinary … from unrealized dreams to mastering their destiny … from slow growth to exponential results. Subscribe to her monthly ezine - The Empowered Business (tm) - and learn the legendary mindset, strategy and performance secrets of top business achievers. http://www.goldbar.net/go.php?id=7996&c=1738&ac=ezar


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Sunday, July 15, 2007

Three Business Rules You Should NEVER Violate

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One of the reasons I got into teaching was a special notebook I kept throughout the early years of my freelance career.

In that notebook, I wrote down every non-writing rule I came across in business. These were not the tactics and tricks and secrets I was using to actually write copy. All those notes and insights went into different files.

No, this one special notebook was simply called “Nuggets”. I was hanging around stars, geniuses and wizards who constantly spouted little tidbits of wisdom — the guiding rules of their life — and I was astonished that few people were as knocked out by the power of these nuggets as I was.

I started my career as a freelance copywriter in a state of near-utter cluelessness… and I pounced on every shred of advice and insight I could find. I guarded that notebook like it was gold.

There was more to living a good life than just earning big fees as a writer.

As I began to taste success and enter doors previously closed to me, I saw the wreckage of ruined lives all over the place — guys who had achieved great things in business, but whose personal lives sucked beyond belief.

The first decision, I realized, was simply taking the obvious steps to getting your professional act together.

But the next decision was just as critical — and usually overlooked.

You gotta get your mojo together, too.

You must weld the Yin to the Yang.

I can always tell when a copywriting student is gonna go places in this biz — he pays as much attention to the non-writing advice as he does to the specifics of crafting sales pitches. Most are too full of raw ambition to see that “success” needs to be defined… and it’s different for everyone.

Nobody gets out of this world alive.

In the end, it’s not how much you earned, but how well you lived that matters.

And that’s where these “nuggets” come in. Back in the ’80s, there were oodles of books coming out that purported to tell you how to live. The best-sellers were like Robert Ringer’s works — tough, no-nonsense updates on Machiavelli and Sun Tsu’s “Art of War”. It was good stuff… but a little lopsided on the “kill first, ask questions later” model.

If all you read was the hard-core “greed is good” manuals, you might have succeeded at reaching your goals… but there was a good chance you’d be alone at the end of the day. And miserable.

I was fortunate to discover the other side of the “rules for life” literary trend. Og Mandino, for all his sappiness, still delivered a useable message of hope and empowerment. And the Americanized Zen of David Reynolds (”Constructive Living”), when balanced against Ringer’s “take no prisoners” tactics, offered you a breathtaking menu of life lessons that came close to supplying you with what it took to be a complete person.

Still, I noted that many of the basic rules my mentors were relying on each day weren’t represented in the popular books.

So I kept meticulous notes. And I took the lessons to heart.

I’ll share just three with you here. A sliver of insight, culled from a long career at the edge.

I’ve called them “inviolate” rules… meaning, you shouldn’t violate them, ever, if you want to live a super-disciplined life.

But I noticed that even the most disciplined and ambitious and proactive guys I learned from… violated nearly every rule they had, at one time or another.

And that’s another rule: There are always exceptions.

The difference is all about keeping your eyes open, and acknowledging to yourself that you are consciously going against your own rule.

Sometimes, life is like a horror movie. Yeah, you should never go down into the dark cellar after hearing screams… but if you’re the go-to guy in the group, then that’s what you gotta do. Even if doing so goes against the very fiber of your being.

Here are 3 “inviolate” rules that are routinely violated:

Rule #1. No good deed goes unpunished.

It’s astonishing to me how often this rule proves itself. I’m a generous guy, and I was raised to enjoy doing things for people. It’s a habit. When I’m in a position to help someone else out, I often jump up and go out of my way. It’s just my nature — and I’m not alone.

Americans in general — despite our current spate of bad PR in the world — are generous people.

But you cannot do something for another human being with the expectation that you will be rewarded. First, because that diminishes the act of kindness.

And second… because doing something nice for someone often kickstarts a thought process in the person being helped that doesn’t end until he’s convinced you OWE him even more help. More of what you did for him, and more of everything in general.

The psychological roots of this weird thinking are deep, and if you pay close attention you’ll discover that even you have engaged in it. (I distinctly recall being overwhelmed with gratitude at the better-than-I-expected salary I received from a mentor… and, less than a month later, assuming he should also kick in for a new car. I was horrified to realize I was punishing him for kindness… but at least I caught myself, and nipped that ungrateful demon in my head in the bud.)

And yet… I have never stopped doing good deeds. The idea of going through life refusing to be generous just because many people will consider you their private sugar-daddy is… well, it’s an ugly idea.

I’ll continue to violate this rule… but I’ll be ever vigilant to the possible consequences.

Being generous doesn’t require that you be a sucker, too.

If I do something for someone out of the goodness of my heart, and they shit on it… well, fine. They’ve burned a bridge, and it’s not my problem.

And it’s not gonna sour me on helping others.

Rule #2: All clients suck.

This is an easy one. All clients DO suck… because the very nature of being a client means you want something from the person you’ve hired. And as much as that hired gun is a pro — with good work habits and a dedication to deadlines — he still resents the fact that his skills have been bought with coin.

I try to make my freelance students understand that they are, essentially, whores. You take the cash, and work up a rabid enthusiasm for your client’s business and life. You are his new best friend, and you’re in it with him 110%… until you’ve fulfilled your paid-for duties.

Then, you’re outa there like a kid on the last day of school.

And the client, once he has what he needs from you, can’t wait to see the door hit you in the butt (most of the time).

It’s an adversarial relationship. Each side feels they gave it up too cheap.

What’s funny about this… is that YOU suck when you’re own client. Writing for yourself is one of the hardest jobs you’ll ever take on… and you must assume a schizophrenic duo-personality if you’re gonna be successful. Cuz you gotta kick your own ass, and set your own deadlines.

Still… in the end, the savvy freelancers among us all continue to hire ourselves out to new clients… and the smart business owners among us continue to hire new talent.

With your eyes open, and no illusions that these people really are your new best friends, you can make it work.

Rule #3: Do not go into business with friends.

I’ve seen 30-year friendships burst asunder, long-term marriages collapse, and even brothers never speak to each other again… all after making the decision to go into business together.

The trouble is in believing your closeness will overcome all problems.

You know… the way teenagers believe love will conquer all.

If you truly value any relationship, you will build a wall between it and your business life.

And yet… I have consistently violated this well-established rule time and time again.

What saved me… was the reality check I gave myself and the other people in the drama: If this goes bad, I will kill the association where it stands.

And I’ve done it. Over the years, I have tried a dozen times to bring friends into the world of entrepreneurism, and especially advertising. They had nothing going in their lives, were rudderless and desperately seeking a clue… and I gave them one chance to come aboard.

I had a single simple requirement: They had to get serious.

I would bend over backward helping them the entire way — personally teaching them what they needed to learn, overseeing their efforts, being that “secret weapon” watching their backs at all times. I would take them on as a private project, and pour myself into the job.

But they had to get their game on, and do what I told them to do. When it was about business, we were no longer equals (as we were in regular life) — they had to obey, and follow through, and trust me.

Of the dozen I brought into the field… only ONE ever made it a career. The others just couldn’t get past the idea of their friend getting serious about all this… business crap.

The one who stuck it out? I still act like a drill sergeant around him when the subject is business… and he has prospered. And, we still have the friendship, mostly — it’s changed a bit, but we’ve made it work. It’s like putting on a different costume, playing a different role depending on the circumstances.

It can be done. It’s not easy, though. Most people screw it up… and lose the relationship.

I violate this rule just as I do the others — with my eyes wide open.

I’m even partnered up with one of my closest life-long friends… and while we watch out for the pitfalls, there is always the chance it could turn out badly. Money and success can ruin anything.

But in a full life, you choose your battles and you choose your rules.

And even the hard-core rules were made to be broken — if you pay attention.

Still, it’s good to know the rules in the first place. It’s sorta like having a flashlight as you go down those dank cellar steps.

No, wait — it’s like being able to rewrite the script as you go. Maybe not the entire plot, but a lot of it.

Yeah, we do need the stinkin’ rules.

We just don’t have to always follow them.

Stay frosty…

John Carlton, http://www.marketingrebelrant.com/


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Monday, June 11, 2007

12 Ways to Maximize Paid Search


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Catalog Success Magazine in their January issue has a very interesting article on how to maximize your paid search marketing this year. Pay per click has become an important source of traffic and sales for online marketers; hence it is esential to get the best ROI from this advertising medium. Here are their tips:
  1. Invest in Google - being the largest search engine, you'll be rewarded with the largest return for your time
  2. Grow your term list - test 3 to 10 times as many distinct keywords as there are pages on your site
  3. Make your landing pages relevant - send search visitors to the most relevant selling page on your site
  4. Split out branded from non branded terms - advertising on your brand makes sense because the cost is low and sales are high; but traffic is not incremental. Grow non-brand keywords aggressively
  5. Use strong bid management technology - invest in a bid management tool that operates on the keyword level and allows you to specific different metrics
  6. Track paid search into your call center - if you have a 1-800 number that people call on to buy from you, check if the customer found out about you through your paid search ad
  7. Bid by margin - compute margins based on actual products ordered, not on terms advertised as certain ads will generate significant orders
  8. Use contextual advertising with caution - potential customers from contextual advertising such as Adsense are viewers, not searchers and are less qualified prospects
  9. Scrutinize your affiliate programs - don't allow affiliates to advertise on your brand name, and don't provide affiliates with better offers than on your site
  10. Manage your agency - if you are using an agency to manage your paid search, establish clear return on investment metrics. As the agency has no role in your brand reputation, take into consideration how you will compensate them given that a large portion of your sales will be driven by your brand name
  11. Audit your search programs every six months - look at the costs, sales, and other metrics
  12. Obsess about conversion - the ultimate winners in paid search are those with the highest conversion rate

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