Category: General

A study done by
Avi Goldfarb at the University of Toronto
and
Catherine Tucker at the MIT Sloan School of Management
shows that complementary ads
(i.e. ads that tie closely to the blog post or site topic)
are three times as effective as regular online ads.
Highly visible ads
(i.e. ads like pop ups or full screen ads)
are twice as effective.

Do not do both though.
Their study states
that doing one OR the other
is more effective
than combining the two.

The researchers believe
that combining the two tactics
causes concerns about privacy.

That makes sense.
When I see a pop up,
I think the ad is addressing me,
as a prospect,
directly.
If that ad was too specific to my needs,
it would raise concerns.

After her bakery For Heaven’s Cakes
was featured on a reality show,
owner Lisa Donahue saw business triple

How did she take full advantage
of the national exposure
when bakeries are traditionally a local business?

“Because Peter Perfect airs nationwide,
I knew people across the country
couldn’t come to my cake shop,
so I really wanted my online business to prosper.”

“After the show,
we received 95,000 hits on our website.
We had to make sure
our online business could handle the increased traffic.
To do this
you have to have a very sophisticated website.
I spent a little more money
and designed a second website
that was data-based driven
and could handle the increased volume.
If your product is shipping nationwide,
that’s what I would recommend.”

With the internet,
it is possible to make every local business national
or even international.

Master salesman and former heavyweight
George Foreman
shared some gems with Success Magazine.

“The greatest asset,
even in this country,
is not oil and gas.
It’s integrity.
Everyone is searching for it, asking,
‘Who can I do business with that I can trust?’ ”

Why?

“You don’t want to lie about anything.
And it’s something that people will be happy about
once they get to know you.
Because people count on you.
You know, a contract you can easily break.
I’ve found in business,
everyone signs a contract to make a business deal,
and they always leave a loophole
so they can break them. ”

Having integrity is a great long term business asset.

Small Business Trends has gathered
top marketing tips from dozens of experts. 

My favorite was from Drew McClellan
of Drew’s Marketing Minute. 
He advises to limit the number of marketing techniques. 

“Pick 3-4 marketing tactics that you think
are really going to be valued by your audience
and drive the behavior/action you’re looking for.
Then, figure out how you can do them
in an extraordinary way. 

100% consistency.
100% relevancy.
Do less. But do them better.”

From my recent adventures
in blogging partnerships,
I’ve learned that,
as with marriages,
its often best to decide
how the partnership will end
before the partnership starts. 

This “prenup” is needed even for
the most informal partnerships
(as my blogging relationships were). 

Launching a new venture is a tough, tough business. 
To expect all partners to survive is unreasonable. 

Recently I was being pitched by a financial advisor. 
He assured me that managing my money
would be a priority for him. 
That he would give me 100% of his attention. 

Then… he got a message on his Blackberry. 
Instead of ignoring it or excusing himself,
he suggested that I “keep on talking”
while he answered it. 

I considered sending him an email
(which obviously he gave higher priority to). 
Instead I left his office. 

Louise Fox, owner of The Etiquette Ladies,
says the number one etiquette blunder
is the improper use of technology. 
She reminds people that the person they are with
should be most important. 

I agree. 

One of the ways that I save time
is to accumulate similar tasks
like answering email or sending snail mail 
and complete them all at one time. 

Brian Tracy in the book Million Dollar Habits says
“Efficiency experts calculate that
if you have ten similar tasks to do,
and you do them all at once,
one after the other,
by the time you get to the tenth task,
you will be working so efficiently
that it will be taking you only 20 percent of the time
it took you to do the first item on the list.”

The maximum length of time
I spend writing is four months. 

Why? 

Because any longer than that
and my business knowledge is no longer relevant. 
That’s how fast business evolves. 

As Louis Ross, CTO, Ford Motor Company, said
“In your career, knowledge is like milk.
It has a shelf life stamped right on the carton.
The shelf life of a degree in engineering
is about 3 years.
If you’re not replacing
everything you know by then,
your career is going to turn sour fast.” 

I think 3 years is optimistic.

I talk often about the
power of asking questions
but I sometimes don’t talk about
how shutting up and listening
is as important. 

Recently I went to a workshop
with a fascinating host.  
Instead of letting the paid host
share her expertise with the group,
some audience members asked such long questions
that a friend was able to run out,
get a coffee
and return
before the question was done.  

A waste of a learning experience.  

One of my buddies is also a daily blogger. 
She is constantly having to
forgo opportunities and rearrange her schedule
to get her posts done. 

She thinks this sends a signal that
she puts her non-time sensitive blog first. 

I disagree.  

It says to me that she’s disorganized
and a last minute type of person. 
Not someone I prefer to have on my team.

In contrast,
I always have a week of general type posts
“just in case.”

That way if I get a chance to meet Stephen King,
I don’t have to say no thank you.

Give yourself a buffer
so you can take advantage
of opportunities.