Category Archives: internet marketing trends

The Future of Entrepreneurial Businesses

Stewart Borie, a entrepreneurial management consultant and colleague of mine, posed a question on LinkedIn and my answer is below.  His question reads:

What is the trend in entreprenership? Will it explode or will it stay level?

I have been an Entrepreneur and Advisor for over two decades, with a passion for Entrepreneurship and an MBA from Wharton in Entrepreneurial Management. I believe there is the potential for a “perfect storm” of Entrepreneurship in the coming decade. The recession, coupled with an aging population with little savings, a new generation of social networking and new generations of technology enhancing the “flattening” of the world and business, emerging economies such as China and India; all point to a new frontier of entrepreneurship, with waves of new entrepreneurs emerging of all ages. Is it coming? Where will it come from? What will it look like?

His original question can be found here:

http://www.linkedin.com/answers?viewQuestion=&answerLevel=fullAnswer&questionID=542670&askerID=5459625&goback=.hom.mid_1409998237

And here is my answer…

Stewart, I do agree with you that a perfect storm COULD be created. The trends do seem to be going in that direction. And, while the last comment about “consultants drowning people” may be a bit overly pessimistic, the other comment about the percentage of failures and stiff competition is quite accurate.

What I feel we need to remember as we look to the future is the larger cycles that we are experiencing on earth. Check out the DVD called The Great Year, as it talks about the 24,000 year cycles on this planet.

We are, according to the ancient sages and current wise people, on an upward cycle in general. However, what they also say is that we are just out of one of the lower periods.

So, we have a long way to go before our entire planetary consciousness is made up of largely good people helping one another. The entrepreneurial spirit that can and does help people is what I am working to support. Those that see a need and set up a system to fulfill that need can succeed, especially when their deepest motive is to truly be of service, to LOVE others and receive thanks in doing so.

I do believe that you are right, Stewart, there will be an upward growth in entrepreneurial business ATTEMPTS. The main question is, are these entrepreneurs aware of their need to get as much support as possible to beat the odds and approach their market with strength.

And, as we know, there is strength in numbers. As Keith Ferrazzi says, you need a team, a few people who you can trust completely and who “have your back,” and you need a network of advisors who you meet with regularly. You don’t want to go it alone. In fact, it’s almost impossible to succeed by yourself. Micro enterprises do have advantages over big businesses that allow them to change faster.

And, certainly we are experiencing a LOT of changes, faster than ever before, as fewer and fewer people are trusting traditional forms of advertising. Neilsen did a Global Online Consumer Survey in July of 2009 that shows that people are most likely to trust the advice of people they know, and secondarily trust the opinion of consumers who post comments online, especially negative ones.

So, relationship marketing, one-to-one advice, social media, and word of mouth marketing are going to dominate the most successful company’s marketing strategy in the next decade no doubt. Any relationship based on loving service will ultimately grow the brand reputation and thus the revenue. Love conquers all… including prospective clients/customers!

I think, on the flipside, there is in general more FEAR dominant in the world consciousness as a result of the financial melting we are seeing at all levels. It is this fear that could freeze the individuals who would normally take risks and invest money and time.

So, if there is going to be an explosion in entrepreneurship that is SUCCESSFULLY creating new business growth, it will be a sign that love and not fear is dominant in the majority of people’s consciousness.

And, I feel there will be a growth in social entrepreneurship, where people focus on those activities that are most in harmony with other people and the planet, recognizing the divinity within the human heart as well as in nature.  Those businesses that are in line with our upward evolution in consciousness will be those that are led by and have operating principles that are also in harmony.

Business Coaching – Zero Risk Offer to Increase Your Net Profits

Hi. I’m Andrew Barden, Philanthropic Entrepreneur.


I can help you make more money in your small business at no risk to you. I’ve helped literally thousands small business owners from around the world make more money through improving their marketing strategies and execution of their marketing campaigns.


I don’t charged upfront fees. I work on a contingency contract. Simply put you only pay me a small portion of your increase in net profits. There is never any risk for you when working with me. To learn more about my philosophy and why I call myself a philanthropic entrepreneur, visit http://www.AndrewBarden.com.


The greatest resource of the entrepreneur is also his or her most scarce resource.  It is not money. The scarcest resource you have is your time. If you are willing to invest 30 minutes of your time in your business, I will be willing to do the same.  This could simply be my gift to you or this could be the start of a great business relationship.  When you sign-up for a 30-minute complementary no-obligation consultation, I will help you to assess what might be stopping you from making more money in your particular business. Often it takes an objective third party to diagnose what’s really going on in your business.


Now, given tough economic times and the likelihood that your sales have already been slipping for quite some time,  isn’t now the best time to take action? Isn’t now the best time to consult with experts who have helped thousands of small business owners apply proven principles and strategies in their small business?


I also invite you to connect with me on Linkin.com. Go to http://www.linkedin.com/in/andrewbarden and invite me to connect. You will see there my professional profile that includes testimonials from small business owners and colleagues, other experts who have witnessed the results I can get for small business owners.


I also invite you to follow me on this blow, read the posts, and sign up to be alerted to new posts.


Finally, I invite you to invest 30 minutes in your small business marketing strategy development. Again, there is no risk to you, as these 30 minutes will be a true conversation and focus on showing you immediate ways to improve your marketing strategy, both online and off-line.


During these 30 minutes I don’t hold anything back. I give you my best, with the hopes that you and I might eventually develop a relationship in which I work with you regularly on a contingency contract. I would normally charge $150 for such a diagnostic. But, to start out any business relationship I practice applying the Law of Reciprocity, I “show up giving.” There are numerous Universal Laws that I’ll help you apply.


There are typically two areas that most small business owners neglect.


1. The business owner’s own mindset: developing prosperity consciousness is the first and foremost responsibility of the business owner. Visits my website at http://www.andrewbarden.com where, as part of my philanthropic entrepreneurial mission, I have made available hundreds of files–including pdfs, audio, and video–under the page called “free prosperity downloads.”


2. The psychological profile of the business’ IDEAL client. Without knowing how your ideal client makes decisions you will not know how to most effectively market and sell to your ideal clients. Not knowing who your ideal client is will make its much more difficult to grow your net profits as you will service clients who are not ideal. In general and ideal client is one who is easy to find easy to reach with a message, response to that message, takes action, is easy to sell to, buys more than your average clients, does business regularly would you, and refers all of his or her family and friends and associates to you.


Applying the 80/20 principle, we know that 20% of your revenue comes from 80% of your clients and 80% of the revenue comes from 20% of your clients. Wouldn’t you like to replace the 80% of your less than ideal clients with the 20% of ideal clients less quadrupling your income, basically making more money in less time. This is the power of developing an ideal clients psychological profile otherwise known as psychographics.


Demographics are the first step and also the easiest step in developing a marketing campaign. Too often small business owners stop at a demographic profile by a list and send off a postcard or flyer or brochure. They then sit and wait for the phone to ring, and unfortunately, little to nothing happens. Have you ever found yourself in that situation?


There’s a simple solution that unfortunately most small business owners don’t know. In order for even an ideal client to respond to a marketing message they need to hear the message in veriest formats from 10 to 12 times before they will take action and contact you. This means that if you send out 5000 postcards you don’t send them to 5000 people once. Instead, you send to 500 people 10 postcards with a similar branding theme yet different messages. You’ll have a similar cost as postage is by far the greatest expense. And you will have a far greater response rate and a much greater return on your investment in the end I seen 400% ROIs in direct mail campaigns.


The other crucial principle most small business owners neglect to apply correctly is generically termed relationship marketing. Roughly 85% of all small businesses in the United States are service based. Even if you are also selling products they’re typically is a decision-making process that requires a live person to interact with the buyer. The sales process typically looks like this:


awareness –> like –> trust –> buy –> repeat buy –> refer


So, in the beginning of the relationship you are simply making your prospect aware of your offer. Your next step is essentially to get them to like you. People do business with those that they like, just like people choose to associate with friends for which they have some affinity.


Once you begin to like someone, notice that they care about your welfare, and notice that they are competence in their particular industry, you can begin to trust them and consider doing business with them. At that point you as the seller of your services would begin to talk about the benefits of doing business with you versus other people, and the various advantages and features of your product or service.


Unfortunately, most people sell or create promotions that focus on price, discounts, features, and forgot to establish an awareness, affinity, and trust in the relationship. This is why many advertisements and other direct mail or e-mail campaigns simply do not produce a significant return and often even no return… in fact it is often poor marketing strategy and field campaigns that is the direct cause of small businesses going out of business.


You may have heard from the Small Business Administration how well over two thirds of all small businesses failed in the first four years. And even greater numbers fail in subsequent years. Without effective marketing producing strong returns on your investment of money and time and the sales process that is engineered specifically to cater to your ideal clients preferences, wants, and hot buttons, you’re more likely to fail than to succeed in building your small business.


Growing your business is simple, but, it’s simply not that easy. Why is it not that easy? It is not that easy because most small business owners neglect to understand their own mindset and the mindset of their ideal client. If you work with a business coach who can help you develop prosperity consciousness as well as the psychological profile of your ideal clients your likelihood of succeeding in your business venture increases exponentially.


There are well over a dozen small business coaching companies whose fees range from 3000 upwards to 25,000 or more. Their sales pitch essentially reads like give us your money and maybe will be able to help you. Does that sound like an inviting offer? Of course not.


The most irresistible offer for small business owner who is looking for clarity and confidence in their marketing strategy and campaign execution is to find a business coach who will instead of acting like a vendor will act like a partner. A partner in your business would, like you, be willing to invest their time or what we call sweat equity, at their own risk. Your partner, would then sharer in the net profits with you.


When you hire a business coach who works on a contingency contract you are essentially securing a partner who makes a small portion of your net profits that they help you to create. Sometimes he can happen quickly. Sometimes it may take a few months. But in the end there is an equal investment of time. Doesn’t that sound like an irresistible offer? Doesn’t that sound like the kind of relationship you want to have with your business coach?


In uncertain economic times business owners who will survive will take much more calculated risks. They will do their homework in order to make decisions with clarity and confidence. A business coach who can walk you through a proven system that has enabled literally thousands of small business owners to achieve strong ROIs in various industries in numerous cultures and economic conditions around the world is hands down one of the best partners a business owner would want to have.


Invite me to start that relationship by signing up for an initial complementary 30 minute business diagnostic session. At the end of the conversation you and I will both make a decision to move onto the next step or not. I serve over 70 clients every month as of March 2009, most of them in Los Angeles County. However I’m willing to add a few more. So long as you are fluent in English, and are passionate about growing your small business revenues and willing to commit time and resources to achieve your business goals and we might be a good fit.


I look forward to speaking with you soon. If you are eager to start a relationship feel free to contact me via e-mail at Andrew@AndrewBarden.com or call my toll-free cell phone at 1 – 866-339-4619. This number, again, rings directly to my personal cell phone, so please only call during business hours Pacific Standard Time, from 9am to 6pm, Monday through Friday.


To your success,


Andrew Barden
Founder, Philanthropic Entrepreneur
http://www.AndrewBarden.com

1-866-339-4619

Robert Imbriale, Direct Marketing Guru, Fortells the Future of the Internet

robertimbraileThe Next Big Thing Online

By Robert Imbriale
Business Success Coach

When I first landed on the World Wide Web early in 1992, one of the biggest claims I’d hear again and again about this dynamic new medium is that it would soon be able to transmit graphics, then photos, then sound, and finally even video would be able to travel from computer to computer without the need for a television.

While these were great promises, the truth took a bit longer to materialize. Over the years we’ve seen many innovations on the Internet, including voice and video conferencing. The question that is on the minds of many business owners is where do we go from here? What’s next?

We’ve now got audio, radio, telephone, and video on the Internet, what’s left to tackle? Don’t worry, we’ve got a long way to go and what you’ve seen so far really is just the very crude beginnings of what’s still to come.

How you figure out what’s coming next is to look at the evolution of the Internet to date. There is a pattern of evolution that’s worth looking at. Let’s take streaming radio broadcasts for example. If you remember when these broadcasts started to appear on the Internet in the late 1990’s they all sounded as if they were being broadcast through a pair of tin cans with a piece of rope between them.

While the innovation was amazing, it took several years before it was fine-tuned and really ready for the masses. Today, when you tune into a radio broadcast, it’s almost as good as being in the studio listening in person.

This is what you now see happening with video on the Internet. First, it was really amazing to have a tiny, tiny window open up to play a very low quality video clip on your computer. The first time I saw this in a mass distribution was with Windows 95(TM).

On the installation CD, there were a few video clips that would play with Windows Media Player right on your computer. In those days, I’d show that video to everybody I ran into that was running Windows 95(TM) because I thought it was just so cool!

From there, we began to see small, short video clips appear on the Internet, but they were very flaky, often failed to download, and you usually needed some media player to view them.

Nearly a decade later, we have YouTube.com and now just about  everybody can watch video on their computers. While this is really great, there are still many improvements in the works and this is where you’ll see the biggest innovations to come in the next few years.

First, there’s the Internet connections offered by the ISP’s. These are now undergoing some major changes and you’ll soon see Internet connections reaching or exceeding 100 Megabits. That’s more than 10 times most current broadband connection speeds.

As these connections become more and more available, video will continue to evolve from the fuzzy, often choppy small video clips we’re used to seeing on YouTube.com to full screen High-Definition quality video being streamed in real-time to your computer.

As this happens, there will be innovation in the quality of video people produce and upload to the Internet. For businesses, that will mean no more sticking a $50 web cam in your face and recording a low-quality video with poor lighting, and sound that echoes off every wall in the room.

Viewers will simply stop watching as they will have the choice of seeing many more high-quality videos from hundreds of thousands of sources.

This change will stimulate the creation of even more video editing products, and cameras that continue to deliver higher and higher quality video at lower and lower prices.

Video is not the only area of innovation to keep your eyes on either. The other major area is voice over IP, or VOIP.  This emerging technology is just now becoming good enough to be a serious contender in the telecom industry.

In the coming years as Internet connections speed up ten-fold, you’ll see VOIP offer better and better quality, and in many cases it will surpass the quality of the POTS (Plain Old Telephone) lines we use today.

When that happens, look for telecommuting to grow exponentially because a company can then run a telephone system that can connect to any phone in the world from a single location.

While many of these systems are in place now, but their poor voice quality has kept many businesses away from VOIP. That will soon change as sound quality improves and it will spark another round of outsourcing like we’ve never seen before.

Finally, the other big trend to pay close attention to is portable computing. We now have many cell phones and hand-held computers that can surf the Internet, but in many ways, they are still rather crude. Look for this to change rapidly in the coming years as better, bigger, foldable screens become available and wireless Internet connections become faster and faster.

With social networking on the rise, and better than 90% penetration in the US for households with Internet access, innovation will continue to evolve at its normal break-neck pace for the foreseeable future.

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About the Author

Robert Imbriale is the author of the best-selling book, Motivational Marketing. He is a successful business coach, and seminar leader who has helped hundreds of thousands of business owners create bigger, more successful businesses, and he can help you too. Tell him what your biggest challenge is with your business right now! Go to www.AskRobertImbriale.com If you would like to have Robert help you with your business, you can reach him at 1-800-541-3816 or at www.RobertImbriale.com