Archive for the ‘Entrepreneur’ Category

7 Rules For Social Network Marketing Effectiveness

Wednesday, March 19th, 2008

Social Network Marketing are definitely in and fun. With the whole online community accessible in the social networks, it is only expected that internet marketers want to use the social networks as their medium to tapping into potential customers and subscribers. But unlike the users, internet marketers have to follow 7 rules to effectively market themselves in the social networks.

Building Online Marketing Experience

Tuesday, March 4th, 2008

In every competitive and progressive market, building your very own marketing experience is important. This has become a tool in engaging with business ideas and deals. Online businesses and internet marketing are not different from them. This is especially so because the Web has a heavy and growing competitive atmosphere.

Here are 4 tips in quickly building your online marketing experience, by Fred Schebesta:

1. Read Voraciously

Gathering knowledge was never a disadvantage for anyone. Rather, it has always been a plus factor! Educate yourself with books, videos, articles, and other resources. Get more tips and information. Skim through sources that you think you may already know. It might contain something new for you to think about.

2. Test Your New Knowledge

Having a feel of what you’ve read about and studied can add to a better understanding of the subjects. Experiment with websites, emails, blogs, etc. and familiarize yourself with the different corners of the online business market.

Seminar

3. Talk To Other People

Communication and interaction is very active in the Web. There is absolutely no reason for you not to use this as a means to gain more knowledge and get to know your colleagues online. They may have other brilliant ideas and ways to help you with your own problems.

4. Go To Events

Reading and online interaction is not the only way to gain more knowledge and experience. Offline interaction is as equally important as online communication with other users. Two-way interaction, like events and seminars, may be able to help you with questions you may want to ask. You can also treat this as a way to get off your computer and get out of the house while still building your online marketing experience.

Cultural Brands

Wednesday, February 27th, 2008

What are cultural brands?

Cultural brands are brands that are picked up by the the current popular culture, and sometimes affect and change popular culture. These are brands that have conviction shown on them and follow through with their principles. Cultural brands naturally stand for something, and are embedded in a person’s way of life. They have a way of influencing people and are a hot topic among them.

Cultural Brands

Examples of cultural brands are Nike, Sony, Adidas, and Apple. Just by hearing these brands, one can already ascertain their influences on the pop culture. Nike and its “Just Do It” slogan gives a push to the people to be all they wanna be without hesitation. Adidas gives quality to coolness and coolness to quality. Sony and Apple both inspire people to improve their daily lives with technological advancements.

In online marketing, for the cultural brands to maintain their hold, and for other brands to be more successful, the brands should be able to give that “effective, engaging, effective experience.” The brands need to become a part of a person’s daily life. It needs to provoke conversations, and let people feel the need for them.

The difference between cultural brands and the others is that non-cultural brands have to rely more on advertising and marketing whereas the cultural brands rarely do. Cultural brands don’t need to.

So what happens when your brand isn’t a cultural brand? Can your product become one? The answer is yes. But to be a cultural brand, it takes a different route than the traditional marketing. Cultural brands became what they are through their behavior. It was how they represented themselves, from its product design to the marketing process.

How do you create a cultural brand out of your brand? It starts with opening up your point of view to the public. This point of view becomes the passion and conviction that you will embed in your brand. It should be able to move people, giving them an experience of your point of view, and influencing them in their decisions. Its presence and conviction is, after all, what made them apart from other brands.

Building Trust In Social Networking Sites

Wednesday, February 20th, 2008

Social networking sites have been a favorite place for entrepreneurs to market their products and services. But it has been reviewed that many people do not really appreciate direct selling and marketing, especially in social sites where the purpose of the online community is to connect with friends and share information.

Social Networking Sites

The trick to marketing your company and business in social sites would be to build trust in the social networking sites.

There are three steps in building and developing trust in the social sites. First of all, the entrepreneur should spend some time on forums and in online social groups. In these communities, the entrepreneur should look for questions and topics that focus on issues on which they are an expert. In responding and participating in these topics, the entrepreneur will be able to demonstrate his expertise and gain some readers who will want want to know more.

The second step would be going into a deeper conversation with your readers. These conversations are generally one-on-one and gives entrepreneurs the chance to go into their selling phase. How does on get into these conversations? An entrepreneur can encourage the audience to contact him through his email, or send a private message, or put a link or signature directing them to his or her profile. This way, they can get in touch with the entrepreneur.

The third step is the selling phase. When the entrepreneur gets connected with a target or prospect, he or she can then conduct business. This selling phase, though, is different from the normal sales mode in that the entrepreneur has to sell his or products or services in a conversational manner and not the direct and up-front way. This would turn most people off.

In building trust in social networking sites, it is important to retain that expert mode that the online community has come to trust even when in the selling phase. Building trust is also about building connections. When you have connections and trust, you’re in for a successful start in marketing your business online the social networking sites.

Five biggest mistakes that entrepreneurs make

Wednesday, February 6th, 2008

This video will help you how to be aware of the biggest mistakes that entrepreneurs commit. Through this, you’ll be able to discover each mistakes commited and what needs to be done to attain success.

7 Keys In Creating a Successful Global Business

Thursday, January 17th, 2008

Brand Building

1. Build and focus on your global brand and vision.

When you can see that a product or service can be served on a global scale and that everyone can enjoy from it, then that’s a start. Begin with that vision. A business is not complete without a vision and a mission, after all. Focus on building on that and develop your brand with it.

2. Raise and invest in money.

Capital is essential in any kind of business venture. Start with your own network of acquaintances in raising money for the start of your business if you cannot generate money for yourself. Make an opportunity to meet the people who you think are right to be in the business with you. Convince them that there can be no loss for them for this venture.

As much as possible, look for people who are involved in global startups because these people are often in safe jobs and have nothing crucial to lose. People like these are also interested in new business ventures.

3. Be different and better.

Being different sets you apart. Be unique ad you will be recognized. In the business world, this can give you your core competency and a distinct advantage over others. But that’s not all to it if you want to be successful. When you do things, you make sure that you do them better.

4. Use great systems to complement your business.

Even the smallest of businesses have a their own simple system and tools. Your global business is no exception. And with a global business, it cannot be just any system and tools. To compete in the global market, you’ll have to achieve the worldwide standards — e.g fast communication, top-of-the-line security, etc. Great systems like these can ensure you some of the foothold you need to stay in the business.

Don’t forget that in making these systems and in using these tools, you adhere to efficiency and effectivity. A lot of companies also bring down their expenses and concentrate on improving their systems to make them more cost-efficient.

5. Protect your brand.

Your brand should be protected. It’s what your business is all about in the first place. You should be prepared for future risks to protect it. Believing in the business is to believe in the brand and you have to stand up for it. The product may be as simple and as small like a straw or a pill. But it’s your brand and to stay in the global market is to protect it.

6. Protect and improve on your operations

Being a global business you are prone to many competitors wanting to know how you do your operations. To be more discreet on the operations and processes, companies usually split manufacturing and other procedures across countries. You could have formulas made in one country, then ship some of it to another country for processing, and some of it to another country for another treatment. In doing so, take into account the countries benefits and disadvantages. For example, one country you have in mind may have extensive but cheap labor force, and another country may be more technologically advanced than your other options.

7. Create and develop an innovative distribution model

To reach the global market, logistics and distribution channels are taken into careful consideration. How do you reach this part of the world? How can your customer be ensured of a speedy transaction?

To solve this problem, global companies apply their own innovative distribution model. They could give license to people across the world to help you sell your products. With this kind of negotiation, both of you will have profits to gain.

Best Business Opportunities 2008

Friday, January 11th, 2008

Looking back on the previous year, a lot of business opportunities had succeed. And this year, there are some best opportunities that we foresee to get in on some of the fastest growing markets by meeting the needs of particular niches.
Here are The top business opportunities for 2008:

1. Eco-products
Products such as Metal water bottles,Cloth grocery bags, Clothing made of fair trade cotton. products that are environment friendly. This products could give a lot of benefits to the consumers as well. This could be a good choice of business.

2. Niche travel
A tour market in the industry of travel. And its growth on a particular niches within the travel market could be rich in business opportunities. Like those popular cruises also a full-service bus tours are another expanding niche.

3. Solar installation specialists
Most people are very particular when it comes to energy saving therefore they would be willing to invest in this solar energy sources for homes and businesses. Installing solar panels and solar-run appliances could be a lucrative business opportunity.

4. Senior care
This is a huge market now caring for seniors that is growing this year. Statistics Canada says that the number of individuals aged 65 to 74 will almost double, from 2.3 million to about 4.5 million over the next two decades.You can open your own senior care home through providing in-home care or home services such as preparing meals, housekeeping or running errands. Senior care franchises are another option for getting in on this business opportunity.

5. Mobility products
Another great business opportunity and thus could prosper more online are those products that help people do what they wanted to do comfortably. Also, products that help people reach, grasp things or get up from chairs - all simple tasks that can become increasingly difficult. Clothing especially designed to be easier to put on and fasten is another area of products you might want to explore. And people’s hobbies like gardening.

6. Green consulting
A lot of people have always been interested to protect the environment. But there are also others who still needs to be educated about protecting the environment.Therefore, it would be best to put up this green consulting business to share your ideas to others.

7. Organic food
People are always aware about what they eat. We tend to think of produce when we think of organic food but the market for organic meat is growing apace. People want to know where their meat is coming from and how those animals have been fed and treated.

8. Xeriscaping
Conservation of our natural resources makes xeriscaping a good business to put up. It best for those who enjoy getting into gardening or landscaping. It gives you the chance to flex your green thumb at the same time this could be very helpful to our planet through creating attractive landscapes and planting trees as well.

9. Import Consulting
This is one of the larger market since it comprises importing products to the other countries thus this could help you create a good relationship to and also reach out to other countries. our clients would be seeking knowledge about and relationships within the particular countries they were importing from. While the three countries Canada imports the most from are (in order) the United States, Japan and the United Kingdom, there’s a growing interest in importing from countries such as China. To make the most of this business opportunity, it would be wise to become or partner with a licensed customs broker.

10. Home renovation
One of the top on list. Most people would always want to renovation within their homes. That’s why this kind of business is fun and interesting. Since its new year, near beginning, most families do have plans of improving their homes.

Source: About.com

Essential tips to becoming a successful entrepreneur

Tuesday, January 8th, 2008

In this video, Randy Gilbert will help you Learn “The Four Essential Tips” on how to be a successful entrepreneur. So you can be be more Proactive and Successful in the entrepreneurship.

Entrepreneurial Heroes

Tuesday, January 8th, 2008
ron
Ron Shaich

He’s interest in life after high school was politics. But this all has changed when on his sophomore he was falsely accused of shoplifting got kicked out of a Worcester convenience store. Two years after he earned MBA & took a job working for a chain in Boston called the Original Cookie Co.That was when he found his second interest that led him to putting up Au Bon Pain, an East Coast bakery chain that grew from three stores into a $200 million a year company. Many thought Shaich was crazy when, in 1999, he sold Au Bon Pain to concentrate on developing Panera (Charts), its small bakery division. But today Panera is the country’s 17th largest food-service company, boasting some 1,115 U.S. locations and annual revenue of $1.9 billion.

thum
Peter Thum

The Company Ethos water was founded by Peter Thum a 23.6-ounce bottle festooned with a map of the world. He always dreamed of providing clean drinking water to third world countries by selling expensive bottled water in the West. His idea was simple: For every bottle sold, Ethos would donate part of the profit to clean-water initiatives in developing countries such as Honduras and Kenya. After three years of bootstrapping a concept that repelled most investors, Thum sold Ethos to Starbucks for $7.7 million in 2005. Already Ethos’s per bottle donations have increased by 263%. By 2010, Ethos plans to give at least $10 million by 2010 to nonprofits that fund safe-water projects.

penzey
Bill Penzey

He spent 13 years of working at his parent’s spice shop in milwaukee. Instead of taking over his family’s business, he came into putting up his own spice company securing first orders from hand made mail order catalog. Now, its revenue ranges tens of millions of dollars. With 270 employees, 600,000 mail-order customers, and 32 retail stores (up from five in 2001, with four more opening by the end of this year), Penzey, 44, has built a fast-growing, innovative company in what was regarded as a sleepy niche of the food industry.

tim
Tim Leatherman

Long before holstered cellphones appeared on handymen’s belts, an interesting gadget has captured everyone’s heart the Leatherman Pocket Survival Tool. Within three months of its first listing in a mail-order catalog, the multifunctional gizmo became essential for thousands of hikers, hunters, and knife enthusiasts. Since then, Leatherman tools have blasted into space with NASA astronauts, severed umbilical cords on newborns, and extracted shrapnel from American troops in Iraq. As founder Tim Leatherman tells it, the idea behind his company grew out of a routine car breakdown. With his wife,they spent most of 1975 touring Europe and Asia in a used Fiat. Its hoses leaked and the wiring failed constantly, and Leatherman’s generic pocketknife lacked the means to fix them. Inspiration struck: Why not add pliers to a pocketknife? By the time the couple returned to the U.S., Leatherman had sketched out a design. A few weeks later he was using his brother-in-law’s machining tools to construct the first prototype. Now, they have 350-employee and sells about 2.5 million units a year of 36 models in 80 countries, from Germany to Mongolia. By December the company plans to introduce five new products.

rahal
Bobby Rahal

For Bobby Rahal, the 500 has become a personal tradition he competed 20 races and won both as a driver, in 1986, and as an owner, in 2004, when his team, which he co-owns with talk-show host David Letterman, took the checkered flag. Last year Rahal Letterman entered rookie driver Danica Patrick, who became the first woman to lead the race and finished fourth. But,The team suffered a tragedy in March when Rahal’s No. 3 driver, Paul Dana, was killed in a crash during practice. “a black day for them.” Many racing fans may not realize that Rahal, 53, is an entrepreneur as well. He owns six car dealerships in Harrisburg, Pa., and the Pittsburgh area, representing 11 import brands. A lot of drivers have their names on dealerships, but Rahal, who opened his first outlet in 1989 while he was still racing, gets his hands dirty in every aspect of the business.

Source: Fortune Small Business

8 big ideas to watch in 2008

Thursday, January 3rd, 2008
easy

1.Easy Money - Richard Branson’s new firm, Virgin Money, will change the face of finance by replacing inflexible loans from big banks with a more personal, nimble approach to lending.

electric

2.Putting the zoom in electric cars - For the first time since the early 20th century, America is seeing a flowering of entrepreneurship in the auto industry. At least 11 new electric car companies, each working on a wide range of technologies, have launched or plan to launch models. These upstarts are not modest. They believe they can do what major automakers have failed to do: bring an electric car to the mass market.

charcoal

3.A greener charcoal - Walter has started a company called Bagazo to sell low-cost charcoal briquettes made from plant waste to his countrymen. Bagazo is Spanish for “bagasse,” or sugar cane waste, but corn cobs and banana leaves can also be used in Walter’s process. The waste material is carbonized, mixed with a binder, pressed into briquettes, and allowed to dry. The result burns far cleaner and longer than wood.

jetpack

4.JetPack - Troy Widgery’s company, JetPack International, has spent the past two years developing a device that fulfills those Jetsons-era fantasies - and can keep you airborne for all of nine minutes.

wi-fly

5.Wi-Fly - Should you be doing a lot more business at 35,000 feet in 2008, you’ll have Jack Blumenstein to thank. The CEO of Denver-based AirCell has inked deals with American Airlines and Virgin America to bring wireless Internet access to their aircraft, starting in the first half of 2008.

weedy

6.Weedy wine - Not every farmer gives up precious soil space to plants that aren’t his crop. Still fewer bury cow horns beneath flower beds or treat vines with teas made from fermented Holstein manure. But Tunnell, 58, is not your average vintner. In early 2008 he will become one of the first in the U.S. to sell a wine that’s certified as made in an entirely biodynamic vineyard.

real estate

7.Real estate in ‘08 - Expect tremors to keep shaking the real estate market along multiple fault lines in 2008.

dash

8.Dash Navigation – Dreaming of a magic box in your car that could tell you anything you wanted to know about your daily commute, Your magic box will be in stores starting July 2008 that could inform you where the cheapest gas is and how could you avoid traffic.

Source: CNN Money