Marketing – Page 48 – TP Javeton WebNet

Entrepreneurial

It’s a great time to be an entrepreneur–in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an entrepreneur, you now have more access to information that enables you to make more intelligent choices more quickly. You have an advantage over big businesses in that you’re lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.

But being a successful entrepreneur requires that you look at the big picture and follow a plan through from beginning to end. Rieva Lesonsky, editor-in-chief of Entrepreneur Magazine gives some practical guidelines that can help you when beginning your own enterprise:

First and foremost

Don’t Quit Your Day Job. Consider starting your business part-time, especially if it’s online, while you’re working and have a steady income. It usually takes six months to a year to get a business going and you don’t want your ability to make your house payment to hinge upon your company being an overnight success. Start with what you can manage, financially and time-wise, and scale up as your business grows.

Second

Find Your Niche. The days of general stores are over. Particularly online, consumers are looking for stores that specialize. You have to find a need–something a specific group of people want, but can’t get at the big chain stores–and fill it. Advises Lesonsky, “You can’t compete with the big guys, so you have to find where the big guys aren’t and go into your niches.

Third

Have an Online Presence. Even if you’re not planning to start an online retail business, consider that the internet can still play a valuable role in your company. Having an online presence eliminates the limitations of physical location and broadens your customer base by, literally, millions. It’s also a great tool for promoting yourself and letting people, even in your own area, know that you’re there, and what you’re doing.

Fourth

Refuse to Quit. Successful entrepreneurship requires creativity, energy, and a drive to keep going when you fail. Few people realize that before Bill Gates created the extremely successful Microsoft 3.0, he created a Microsoft 1.0 and 2.0, both of which flopped–but he kept at it. And that determination and refusal to give up is what will separate successful entrepreneurs from unsuccessful ones. Says Lesonsky, “Arm yourself with optimism to get beyond the ‘No’ or the trouble. There’s nothing wrong in failure–just don’t repeat the same mistake!”

Add creativity to your marketing style

New and creative content is widely recognized as one of the most compelling features a website must reflect if it is to be a leading force in a race that is – at times – described as ruthless competition which exists among Web-based businesses. With so much competition and rivalry going on, every conceivable method of marketing and promotion must be utilized in order to operate a successful enterprise.

It matters not that you have a killer product or a fantastically designed website, if people don’t know about your business, or even that you exist; nothing you do will matter to them and you will not be able to achieve any noticeable degree of success on the Web if you cannot compete. Worse of all, your business will just wither away and die.

While there are so many methods and schemes used by eCommerce sites and business owners today, there are still some that can help you with an extra boost in the popularity ratings. One of these methods you can derive benefit from is known as Viral Marketing.

While the term Viral easily depicts a virus, a word very much dreaded by all computer owners, it is not what it seems. You do not actually use a computer virus to spread your business; on the contrary while a virus might infect computers and possibly damage them – we’ve all had enough of all those pop up ads and spyware programs – Viral Marketing is a method of spreading your message.

Viral Marketing overview

Viral Marketing, also known as Viral Advertising, is a marketing technique used to build public awareness of a product or company. It utilizes various forms of media to reach the public without actually promoting a product; but by employing other forms of attractive media that can catch a person’s interest in an addictive-like manner in the sense that, s/he feels obliged or amused to actually pass it on, and with it, the product or company advertisement being promoted.

In a nutshell, companies ride on the idea that if people like the content of a particular media they will pass it on to their friends and family. Companies therefore sponsor the certain media, such as a cool flash game, funny video, amusing story or some such media which, when a user passes it on to another with the company’s brand or logo, or the product description or any other content, the goal of getting word out about the company or its product would have been achieved.

Viral marketing has become a popular means of advertising and marketing because is it relatively low cost. To avoid being tagged as spam mail, viral marketing counts on the eagerness of one person to pass on the product information to another (friend, family member, co-worker, etc.). If recipient sees the name of a person they s/he knows as the sender, s/he probably won’t block it, but instead would open it and with that opening the marketer’s objective would have been accomplished.

Many companies offer incentives such as discounts and rebates when they enlist help in spreading their viral marketing. They rely on the number of recipients a viral marketing campaign can deliver through the efforts of one person in determining the amount or size of the incentive that can be attributed to that campaign.

Use Viral Marketing to your advantage

The primary and most sought after advantage of viral marketing is the degree of publicity and public awareness the advertiser’s site and company gets. A viral marketing company gets to generate a flow of traffic that is actual visitors who eventual could be customers. With a little ingenuity and imagination, plus the right kind of incentives and prizes, you can really reach out to a great number of people and announce your existence.

Many of the sites and companies that are serious marketers are catching on to the effectiveness of Viral Marketing and Advertising. Not using it could relegate your business to relative obscurity and eventual non-existent. Along with other schemes and methods in promoting your site, like Search Engine Optimization and such, viral marketing could easily push you ahead in the rating games.

Viral marketing: A little sneaky but it works!

Viral Marketing is truly a sneaky way to get people to know about you and your company. You get them to pass your advertisement along and it is a very low cost method that does not require investing a lot of resources. All it takes is a great idea, a good addicting game, a funny story or use of some ideas that are still out there. Create a gossip or a buzz, many movies are promoted by using scandal and gossip to make them more popular. Remember the movie “The Blair Witch Project”?

Many big companies that have tried viral marketing and have had a number of success stories as a result. A classic example is Microsoft’s Hotmail. They were the first known big company to utilize the scheme and it has worked wonders for them. Now it’s your turn to use viral marketing to work wonders for your Web business. Act now and reap the benefits Viral Marketing will provide for you and your bottom line.