Internet Marketing Overview

Forget about electricity, automobiles and airplanes.  The Internet is now considered American’s greatest gift to the world.  What began in the late sixties as an alternative communication channel for the military has quickly developed into a fullfedged business and economic system.

“Believe the hype. The Internet and the World Wide Web have become the most important new communication media since television, and ones that are fundamentally reshaping contemporary understanding of sales and marketing.” Jim Sterne.

During the late nineties, the Internet explosion saw all sorts of new companies rapidly developing products and services that capitalized on the Web’s potential. However, the push to market often resulted in poor planning and business models that neglected to include realistic business goals. Unfortunately, as the year 2000 ended so did many of the dot-com firms.

Companies now realize that web-based techniques and strategies must be approached as they would with any traditional marketing activity.  The same fundamental questions must still be answered:

Who are our customers?
What is the competition doing?
Which marketing mix strategies are most effective?
Are our business models realistic?
How and when we will make a return on investment? 

But there are many non-traditional things to learn about this new medium:

Search Engine Optimization — The best and most cost-effective way to get people visiting your website starts with getting your website listed on top search engines and directories.  But how is that best accomplished?  Do you concentrate on offsite or onsite optimization?  How do you find your keyword phrases?  And a host of other important questions about SEO.

Pay Per Click Advertising — Is the easiest and quickest way to create instant online presence. Campaigns can be created and launched in less then 2 weeks. Costs are determined by keyword search volume and keyword market value. But how do you ensure you get the most return on your investment?

Email Marketing — A custom newsletter design combined with a powerful email management system will make sending engaging emails, newsletters, or promotions that will stand out above the rest easier than you think!  But what is an autoresponder?  What is a drip campaign?

Advanced Web Statistics — Web statistics provides a lot more data than how many hits your site receives (what is a "hit" anyway?). Statistics allows you to easily measure vital information such as where your visitors are coming from, how long they stay, what pages are the most popular and on which pages visitors most commonly exit. The accuracy and configuration of these tools are critical in diagnosing problem areas on a website or determining the results of a campaign. 

This site will explore products and services to help you get the most from your Internet Marketing.

How to Forecast Revenue

If you are going to effectively grow your business then you need to understand its finances. A key part of this is knowing how to forecast your revenue. This is how you budget when you own a business.

Forecasting your revenue gets easier as time goes on. That’s because you can compare your year-to-year revenue changes to get a good idea of what your incoming revenue will look like in the upcoming year. For example, if you made $20,000 in 2007 and $25,000 in 2008 and $30,000 in 2009 then it’s a safe bet to assume that you might make $35,000 in 2010.

However, you don’t want to rely entirely on past patterns alone to forecast your revenue. If something has changed in your income stream then this could result in a severe budget problem. You need to also factor in changes in the market as well as changes in your marketing approach. One important thing that can help you is on ongoing income analysis from your sources of revenue.

For example, let’s say that you make money in part from SMS billing. Using a mobile billing aggregator that sends you frequent reports analyzing your monthly income will help you to analyze this portion of your revenue stream. Continual review of these reports will help you to update your revenue forecast.

Learning to forecast your revenue will take time. It may even be worth it to get the help of an accountant. However, the basics are fairly easy to learn. Keep track of your income. Stay on top of your industry and the changes in the market. And get as much information as you can from your various revenue sources.

Putting Stuff in Storage

With the imminent move of our office to a new building, we have been spending time deciding what things we need to keep, and what we need to get rid of.  In some respects, this move will be a blessing and will finally force us to get rid of those things that we have kept for years.

But the truth of the matter is that we can’t throw everything out and we need to keep some of our stuff.  Since the building that we are moving to is smaller than the one that we are currently in, we have procured some self storage for those items that we intend to keep.

Some of the first items to be put in storage are the trade show displays that we use once per year while out recruiting new talent.  It took us a lot of time to come up with a format that converted well, and when we did, we decided that we would never change anything.  So, those displays were one of the things that we just had to keep.

But as for the rest, we are divvying it up into things that we absolutely need and things that we could maybe live without.  The final decision will be up to the director – hopefully she will be able to resist the urge to keep everything.

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Reading Airsoft Gun Reviews Online

It has been a long time since I bought anything for myself, so I thought that now would be a good time for me to take time out for myself and get something I want.  Now, I don’t really need much (since that is a big part of my problem), and therefore it makes things a little more difficult.

But the one thing that I am passionate about is airsoft, so I thought that I would start there.  I have a small collection of KWA guns and I have been known to take them out on the weekends for a little target practice.  Though some people would look at my little five gun collection and think it is enough, truth be told I would like more.

So, I have decided that a new gun might be in store for me.  But I am the type of person that likes to read reviews before I make a purchase, so I have been looking for some online to help me to make my buying decision.  Many people seem to be recommending the Echo1 airsoft rifles, and they are definitely beautiful.  In fact, some of the models they sell remind me of the guns that I used on some of the James Bond video games I have played.

Though I think that I have my mind made up as to the model that I want to buy, I think I will have to sleep on it.  Heaven forbid that I ever make a hasty decision ;)

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Too Many Choices

Sometimes I wonder why my wife sends me to do the shopping.  When it comes to making decisions, I never really feel like I have the right to make them – I would rather leave it in someone else’s capable hands.

But in the end, I always seem to be the one that gets to go to the store.  Take today for example: we have a nephew that just graduated and my wife decided that we should send her a gift.  Her idea was to get him a college diploma frame, so that he would have something to show off in his office at his new job.

I thought that it would be an easy thing to pick out as I was traveling to the store, but once I got there, I realized that I had made a mistake in assuming that it would be easy.  In fact, I never imagined that there was such variety in university diploma frames that I found myself in a place I just didn’t like: I had to make a decision.

After staring at the frames for half an hour, I decided to let the sales clerk pick for me.  Hopefully my wife likes the frame I bought, but if she doesn’t, she can go take it back herself.

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Increasing Our Bottom Line

gold-trends One of the biggest challenges that I have found running my own business is that you can get in a routine.  For most people that doesn’t necessarily sound bad, but it can be the death of your business.  While other businesses are innovating and testing, by staying the same, you will be left behind.

So I have made it my mantra to always try new things and increase our revenues.  It doesn’t mean that I randomly try new things (such as serving fried chicken in a scuba diving shop), but I stay within the framework of our store – which happens to be a pawn shop.

We are not the only gold buyers in town, but we do handle our business differently.  All of our competitors are selling gold as quickly as they take it in.  It makes sense in many respects and guarantees that their money is never tied up in merchandise.

But after watching the gold price trend upwards for the last few years, I knew that we hadn’t hit the top yet.  So instead of selling the gold as quickly as it came in, I have been hoarding it.

Just last week I sold most of the gold I had in stock, and based on the books up to that point, our profits are up 20 % over last year.  Not bad for a year of recession, right?

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