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You are here: Home / Archives for 2019

Archives for 2019

Ford Wants This Creepy Robot to Bring Its Autonomous Deliveries to Your Door

May 22, 2019 by Asif Nazeer Leave a Comment

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‘Digit’ is a two-legged robot designed to get your delivery from a car to your door.


May
22, 2019

2 min read


This story originally appeared on Engadget

Autonomous deliveries and self-driving vehicles may be the future, but there are still a few gaps that need to be addressed — namely that it’s not always possible for people to leave their homes to retrieve deliveries from the roadside (and if you’re hungover and ordering take out, you definitely don’t want to). Ford is working on a solution for this final stretch, though, and it’s come right out of a sci-fi movie.

“Digit” is a two-legged robot created by Agility Robotics, designed to get your delivery from a car to your door. Announced earlier this year but now operational, the robot folds up in the back of a self-driving vehicle, ready to unfurl itself in a Lovercraftian manner when it arrives at the delivery destination. According to the press release, “Digit not only resembles the look of a person, but walks like one, too.” We’ll let you make up your own mind on that one.

Digit can lift packages that weigh up to 40 pounds, walk up and down stairs and across uneven terrain, and can maintain its balance in the event of a bump. It makes the journey from the car to the door by tapping into data obtained by the self-driving vehicle. The car builds a detailed map of its surroundings, then wirelessly shares that with Digit. Through this data exchange, Digit and the vehicle can even work collaboratively to identify the most efficient delivery pathway.

Digit looks creepy, there’s no two ways around that. But it might not be that long before you see the robot — or some kind of iteration of it — scuttling around your neighborhood. After all, a number of U.S. states have formally permitted the use of delivery robots on sidewalks, and numerous other companies are working on — and have launched — their own autonomous delivery solutions. None of them look quite like Digit, though.

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Sony Just Laid Out Everything There Is to Know About the PS5

May 21, 2019 by Asif Nazeer Leave a Comment

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Expect the PlayStation 4 to stick around for at least three more years.


May
21, 2019

3 min read


This story originally appeared on Engadget

Sony’s next-generation console isn’t due to launch anytime this year, but the tech giant has been surprisingly generous with details. During a corporate strategy presentation, the company has listed all the information it has revealed so far, confirming yet again that the PS5 will have backwards compatibility. Since it has a similar architecture to the PS4, it will be able to play games designed for the current-gen console and will also be compatible with the current version of PlayStation VR.

“We will leverage backwards compatibility to transition our community to next-gen faster and more seamlessly than ever before,” the company’s presentation said at the event. Sony intends to use PS4 games to encourage early adopters, which it says are critical for the PS5’s success. In fact, it promises more AAA games for the PlayStation 4, seeing as it will remain an “engine of engagement and profitability” over the next three years. This may hint at Sony pricing the PS5 at a loss, and relying on the PS4 to keep the gaming division in the black.

Even though the upcoming console will have similarities with the PS4, it will be powered by an all-new CPU and GPU. In an interview with Wired, lead system architect Mark Cerny said it will use a third-gen AMD Ryzen CPU with eight cores and a custom GPU built on AMD’s Radeon Navi family. The GPU will support an advanced rendering technique called ray tracing, which is limited to high-end gaming PCs at the moment, and will provide the console with immersive 3D audio.

In addition, the PS5 will use SSDs for storage instead of hard drives. The SSD, along with its other components, lead to a significant speed bump: at the event, Sony showed how the PS5 is around ten times faster than the PS4 Pro when it comes to loading complex scenes.

The upcoming console will also support 8K graphics to be able to make the most out of all the 8K TVs making their way to the market, although don’t hold you breath for any native 8K games given that’s essentially beyond even the most powerful gaming PC. And perhaps most importantly for those still not sold on going 100 percent digital: it will still have support for physical discs, though Sony didn’t mention what discs it’ll be able to play other than PS4 games.

Sony intends to make PS5 owners consider streaming as an option if they haven’t yet, though. It plans to improve the quality of its PlayStation Now offerings until users consider streaming just as good as downloads and discs. Plus, it intends to to leverage its partnership with Microsoft to “achieve growth and scale faster than ever before.” The two tech giants recently announced their team up to build technologies for gaming and content streaming.

While there are still a lot of unknowns, one thing’s for sure: Sony will not be talking about PlayStation 5 at E3 next month. In fact, it won’t be talking about anything, as it’s skipping the conference entirely this year.

Unfortunately, Sony has still yet to reveal when the PS5 will come out — we know for sure that it won’t appear this year — or where it will first become available and how much it will cost. It sounds like we’ll have to keep waiting for the company to reveal those details the closer we get to the PS5’s rollout.

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Voice technology delivers on banking needs

May 21, 2019 by Asif Nazeer Leave a Comment

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Financial services is full of customer pain points that could be resolved with the help of voice-assisted devices. For further insight, read “Banking on voice.”

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The Marketers Guide to Geofencing – Running Your Business

May 20, 2019 by Asif Nazeer Leave a Comment

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Tech-savvy marketers are increasingly turning to location-based marketing strategies. By these means, they are hoping to increase their advertising reach. In other words, they use smartphone users’ mobile location services to suggest offers that may be of interest to them. This is called geofencing marketing. This is a method of alerting prospective customers about offers for goods and services within close geographical proximity.

Understanding the pros and cons of using geofencing as a marketing tool is vital for business owners and their digital marketers. This is especially true for businesses that provide services and products in offline locations.

Why
Use Geofencing?

What sets geofencing apart from marketing strategies such as search engine optimization and conversion rate optimization is that it doesn’t require potential customers to actively search for businesses in nearby locations. Instead, it reacts when a smartphone user enters a company’s listed geographic area. Basically, geofencing focuses on mobile users and their geographic information in lieu of website content. This makes geofence marketing ideal for local businesses who rely on physical sales.

RELATED ARTICLE: SEARCH ENGINE OPTIMIZATION: HOW IT CONTRIBUTES TO MARKETING

Businesses benefit from geofencing because it enables them to narrow in on potential clients for their physical stores. However, geofencing is also a form of advertising that can be useful to consumers, too.

How Geofence Marketing Helps Consumers

Geofencing improves users’ lives and online experiences by providing useful information to help them organize their daily lives.

Every day, we all face the overwhelming information overload that is the Internet. Prioritizing advertising for local business is one aspect of community-driven social media policies. For instance, consider policies such as those utilized in popular platforms like Facebook.

Consumers also benefit from receiving recommendations for businesses in the areas that are nearby to addresses they have recently visited. This feature distinguishes geofencing from telemarketer calls and spam texts. What’s more, research shows that personalized messages from websites improves those websites’ click rates.

The
Mobile-First Approach

Increasing numbers of people access the Internet via their mobile phones. And geofencing provides marketers with a means of capitalizing on all these mobile users.

RELATED ARTICLE: MOBILE MARKETING: TIPS FOR MARKETING TO PEOPLE ON THE GO

That’s because geofencing enhances technologies that have been in common use for a while. These include GPS, RFID, WiFi, and cellular data. Simply put, when a mobile user enters a particular geographical area, a number of actions can occur. For example, the user can receive a push notification or some targeted ads. Additionally, some technologies could be disabled.

This works by setting a boundary around the desired target area using Google Maps, for example. Then the marketer instructs the app they’re working with to respond whenever a user enters or exits that area. For instance, the response could be sending a message, posting a targeted ad on social media, or taking some other pre-programmed action.

Developers create thousands of new apps every day. Moreover, a good many apps have managed to obtain “daily use” status. However, most apps fade into the shadows as users become preoccupied with the latest new tech updates.

But geofencing can help keep app users engaged. They do this by providing insights into users’ behavior and their environments. This information is also valuable for online-to-offline attribution, which refers to how online marketing strategies yield offline sales. That’s because users who browse items online can receive alerts about offers in their area. In this way, marketers can stay on top of what their clients’ target audiences need and desire.

Marketers have also learned that people check instant messages within less than five minutes. This fact makes geofencing more effective than sending emails and social posts in many instances.

geofencing 2
Does geofence marketing compromise privacy?

Does
Geofencing Compromise Privacy?

Naturally, many users have some concern about any technology that monitors their activity and physical location for entertainment or advertising purposes. With geofencing, however, the customer is relatively empowered in many ways.

To begin with, geofencing always requires upfront permission from users. This transparency ensures users that sharing their location will improve their experience. It also assures them that their information will be protected, as accessible privacy policies explain.

The Dark Side of Geofence Marketing

However, marketers in some industries use geofence marketing to exploit consumers. For example, law firms sometimes use geofencing to target emergency room patients. As a new development in the rapidly progressing digital world, the ethical implications of geofence marketing should be further explored.

Where
Are Good Locations for Geofencing?

Before contemplating this question, you’d need to consider the nature of the business you are marketing and the types of customers you need to attract. If you are a restaurant owner situated in a shopping mall, for example, it would make sense to tag the shopping center.

Try to focus on areas where large groups of people are likely to be seeking the service you offer. For example, if you are marketing for a nightclub and know that your target crowd usually has cocktails and dinner in a trendy neighborhood nearby, you could use that area as a geofence.

Exploiting Competitors’ Special Offers

It could also be useful to find out about specials and discounts a competing business is offering nearby. In this case, a marketer could target customers who were in the same mall to visit a different store and didn’t realize there was a better option.

Putting
Local Businesses Ahead

If your business sells physical products or provides a service in a designated geographic area, no one needs to tell you that you need to translate your online reach into real-life customers. Geofencing saves you money on your marketing strategy by focusing on a group of potential customers who are already likely to visit your store. It also helps establish brand loyalty for a store that users interact with in their everyday offline lives.

RELATED ARTICLE: MAKE YOUR BRAND RECESSION PROOF IN 2019

Geofence marketing is a great way of reaching customers in close proximity to a business’s physical location. It helps improve user experience by providing information about what services are available to them in their physical locations.

When using geofencing marketing strategies, consider the kind of industry you are advertising. Also, take into account the people you are targeting based on their locations. A good understanding of geofence marketing can have a great effect on your business’s brand and profits.

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58 Percent of Small Businesses Spend 5 Hours or Less on Marketing

May 19, 2019 by Asif Nazeer Leave a Comment

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2019 Small Business Marketing Challenges

How much time do you spend on marketing for your small business? A new survey carried out by OutboundEngine reveals 58% spend five hours or less on marketing. And stress is a major contributing factor for how much time small business owners spend.

Titled “Stress, Time & Growth: Factors Affecting Small Business Marketing in 2019,” the report looks at the marketing strategies of small businesses. And according to OutboundEngine, the complexities of today’s small business ecosystem is making marketing much more difficult.

The complexity is driven by the sheer number of options available to businesses in marketing today. For small business owners who don’t have the knowledge base or the budget to capitalize on these options, it can indeed create a stressful environment.

In the report (PDF), Marc Pickren, CEO, OutboundEngine, says marketing is a key factor in driving the growth or slowdown of a business. And business owners must commit to investing in their marketing efforts.

Pickerin goes on to say “There are now numerous technologies to help small businesses automate their marketing, but even those take a weekly commitment that small business owners just don’t have time for.”

2019 Small Business Marketing Challenges

For most small business owners, marketing is not their primary skill set. And if they don’t have the budget or in-house talent to carry out the task, it becomes a problem. This inevitably creates a stressful environment for small businesses.

In the survey, 62% of owners said they are as or more stressed about their business in 2019 than they were last year. And the lack of resources seems to be the biggest hurdle to overcome when it comes to marketing. This includes finances, knowledge, and talent.

The problem of finances was stated by 28.5% of the respondents who say they just don’t have enough money. This was followed by 22.39% with not enough time and another 14.25% who can’t identify the best marketing tactic for their business.

Others said they don’t have the staff they need (11.96%) and they don’t know where their customers are (2.80%).

When it comes to spending on marketing, more than half or 54.45% spend 5% or less of their revenue. And only 4.33% spend greater than 20% of their revenue on marketing. But according to the survey, businesses who spend more on marketing experienced higher growth rates.

Finding the balance between spending the right amount of money and time is key. But it is not as simple as that.

How Much Time are Businesses Spending on Marketing?

Small businesses are not spending the necessary time on marketing to get the results they need. With 58.27% spending less than five hours per week, the data shows owners clearly give other parts of their business operations a higher priority.

Only 4.33% of owners spend more than 20 hours per week. Another 5.34% spend 15 to 20 hours and 22.14% spend 5 to 10 hours each week devoted to marketing.

With more business owners spending less time on marketing, it is not surprising their growth is suffering. But the survey shows a clear correlation between spending more time and higher growth.

In 2018 more than 79% of respondents who spent 5 to 10 hours per week on marketing reported revenue growth. For those who spent less than five hours per week, the number goes down to 52%.

Marketing and Small Business

With so many challenges, where are small businesses finding success with their marketing strategies?

For the majority of the respondents or 39.72%, organic social media is delivering for them. In the digital realm, this was followed by paid social media (17.22%), email marketing (9.72%), and digital advertising (8.06%). Traditional advertising came in at 11.67%, followed by events with 13.61%.

The issue of time still persists for businesses who have found social media to be a successful marketing strategy. More than half (52%) said organic social media is the greatest time-suck for them, followed by events and paid social media at 15 and 13 percent respectively.

According to OutboundEngine, small businesses can overcome these challenges by deploying marketing automation solutions. The operational framework this technology has introduced is giving small business owners more bang for their investment.

By relieving owners from the time-consuming maintenance of customer engagement and other marketing tasks, it will get rid of the stresses of running their business.

The Survey

OutboundEngine carried out the survey with the participation of more than 350 small and medium-size business owners in February 2019. The businesses were based in the U.S., and the goal of the survey was to explorer marketing related topics.

The survey looked into how business owners felt about the future success of their enterprise by exploring their sentiment toward and knowledge of marketing. This includes tactics and time management preferences along with other stressors and concerns.

Image: Depositphotos.com

This article, “58 Percent of Small Businesses Spend 5 Hours or Less on Marketing” was first published on Small Business Trends



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Learn to Listen to the Voices of your Customers at this Chicago Event

May 18, 2019 by Asif Nazeer Leave a Comment

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Consumers change the companies they do business with for a host of reasons. This is why listening to what they say can help you avoid their departure.

Drew Neisser, founder and CEO of Renegade, said on Forbes, “Listen Like Your Life Depends On It (Because it Does).”

Applied Marketing Science (AMS) is holding a training workshop titled, “Listening to the Voice of the Customer” to help you do just that. The act of listening to your customers sounds easy enough, but it is what you do with this information which is critically important.

In the workshop, AMS will introduce you to Voice of the Customer (VOC) market research and teach you how you can use the data to accelerate the innovation of your business.

You will be exposed to hands-on activities and practice exercises to use the applications of these techniques in machine learning and journey mapping.

The workshop will take place on October 16-17, 2019 at the University Club of Chicago.

Enter Discount Code SMALLBIZ and you can get $100 off the course registration price.

Register by clicking the red button.

Register Now



Featured Events, Contests and Awards

Maturepreneur Today Virtual SummitMaturepreneur Today Virtual Summit
June 11, 2019, Online

Maturepreneur Today is holding its full day virtual event on June 11, 2019. The summit is for new, existing and budding entrepreneurs in their 50’s, 60’s and 70’s. Visit our website to view the entire list of renowned speakers. #MaturepreneurToday


Listening to the Voice of the Customer Listening to the Voice of the Customer
October 16, 2019, Chicago, Ill.

Led by veteran product development and market research experts, this course will introduce Voice of the Customer (VOC) market research and teach you to use it to accelerate innovation in business-to-business markets. The workshop uses a lively, interactive format with numerous hands-on activities and practice exercises to build skills and will also expose you to the latest applications of these techniques in areas such as machine learning and journey mapping.
Discount Code
SMALLBIZ ($100 Off)


More Events

  • TECHSPO Silicon Valley 2019
    May 23, 2019, San Francisco, Calif.
  • Breaking Through: Taking Your Consulting Business to New Heights
    May 29, 2019, Waltham, Mass.
  • The Brand Marketing Summit West 2019, San Francisco, USA
    May 30, 2019, Burlingame, Calif.
  • ProSeed
    June 01, 2019, Singapore
  • DigiMarCon South 2019 – Digital Marketing Conference & Exhibition
    June 05, 2019, Houston, Texas
  • Small Business Expo 2019 – NEW YORK CITY (June 5, 2019)
    June 05, 2019, New York, NY
  • TECHSPO Los Angeles 2019
    June 12, 2019, Los Angeles, Calif.
  • Predictive Analytics World Industry 4.0
    June 16, 2019, Las Vegas, Nev.
  • Predictive Analytics World for Business – Las Vegas – June, 2019
    June 16, 2019, Las Vegas, Nev.
  • Marketing Analytics Summit Las Vegas 2019
    June 17, 2019, Las Vegas, Nev.
  • Digital Growth Unleashed Las Vegas 2019
    June 17, 2019, Las Vegas, Nev.
  • TECHSPO Chicago 2019
    June 20, 2019, Chicago, Ill.
  • DigiMarCon Midwest 2019 – Digital Marketing Conference & Exhibition
    June 20, 2019, Chicago, Ill.
  • Entrepreneurs Cruise 2019
    July 07, 2019, Cape Canaveral, Fla.
  • DigiMarCon Cruise 2019 – Digital Marketing Conference At Sea
    July 07, 2019, Cape Canaveral, Fla.
  • New York School of Real Estate Finance
    July 15, 2019, Online
  • SkySprout Summit – Columbus Marketing Conference
    July 16, 2019, Columbus, Ohio
  • World Blockchain Roadshow
    August 26, 2019, Multiple Cities
  • TECHSPO Sydney 2019
    August 28, 2019, Sydney, Australia
  • DigiMarCon Europe 2019 – Digital Marketing Conference & Exhibition
    September 12, 2019, Amsterdam, Netherlands

More Contests

This weekly listing of small business events, contests and awards is provided as a community service by Small Business Trends.

You can see a full list of events, contest and award listings or post your own events by visiting the Small Business Events Calendar.

Image: Depositphotos.com

This article, “Learn to Listen to the Voices of your Customers at this Chicago Event” was first published on Small Business Trends



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Why Entrepreneurs Should Believe They Are Unstoppable

May 18, 2019 by Asif Nazeer Leave a Comment

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Josh York, CEO of Gymguyz, talks about his rise from being a broke 20-something to franchising 265 gyms nationwide.



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Get Your Audience Involved in Your Presentation – Business Ideas

May 17, 2019 by Asif Nazeer Leave a Comment

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A presentation should never be one-sided. Instead, a good presentation is a conversation between you and your audience.

It can be lonely (and nerve-wracking) to be at a podium or the head of a board table. That’s why it’s always helpful to get some other voices involved in your presentation. A presentation that encourages interaction is engaging, immersive, and memorable.

Besides, when you’re speaking for an extended period, you’re bound to get sick of your voice at some point. So why not give yourself a break from talking by encouraging audience members to take part in your presentation? If you are looking to integrate interactive elements into future demonstrations, you can get tips to help improve your presentations from a PowerPoint design agency.

According to Forbes, the average person spends 37 percent of their time at work in presentations or meetings. Therefore, you might as well make your presentation interesting. What better way to keep people awake than to make them part of the conversation?

Work with a PowerPoint presentation design company that can help you build a presentation that is informative and engaging. There are many possible interactive elements you can integrate into your demonstration. It’s all about finding the right one for your presentation.

Ask Your Audience Questions

Ask your audience to participate in your presentation. For example, prompt your audience to guess a fact. Or ask them to share an anecdote or express an opinion on your concept or idea. The options are endless. Asking a question will help you read the room and can also help you make a point.

Give Them Answers

Give your audience a chance to ask questions. Especially if you are pitching or explaining a complex idea, prompt your audience members to ask any questions they might have. If you are worried that no one will answer, all you have to do is prepare for the scenario.

For instance, if no one wants to put their hand up or voice their question, you can always lead with, “A common question people usually have is…” or, “You might wonder about…” This can start providing answers to some anticipated general questions. Also, it can encourage people to follow up these posed questions with questions of their own.

Audience 2a

Take a Poll

You can always use poll results to make a point in your presentation. For example, poll audience members before your presentation or even during your presentation using clickers.

Pose a question or various options and allow audience members to weigh in. You can do this to make a point with the results. Or you can just use this to gauge your audience’s general opinions.

If you are really looking to make an impact, use a poll to get a consensus on your audience’s opinion on a matter. Then, provide some extra information or a fact that could change their minds completely. Take that poll again and reveal the disparity in the results. This is engaging and forces your audience to think about what you are talking about.

audience 3

Get Social

If you are a keynote speaker, it’s always a good idea to further the scope of your speech. To this end, encourage audience members to take pictures and video to share across social media.

Additionally, choose a hashtag. Then when you go home you’ll see all the tweets or Instagram posts about your presentation. Hashtags will centralize any post on your speech. They will also bring it to the attention of people who missed it. This will also allow anyone who missed your speech to pinpoint the main takeaways from your presentation.

RELATED ARTICLE: USE VIDEO TO BOOST YOUR COMPANY’S IMAGE

Getting social also makes it possible
for you to reach out after your presentation to share any additional thoughts
and thank your audience for interacting.

Include Your Audience and Enjoy More Powerful Presentations

There are countless ways to get interactive with your presentation. It’s all about finding the right presentation design company to help you integrate these elements.

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In the News: Catching Up with the Small Business Persons of the Year

May 17, 2019 by Asif Nazeer Leave a Comment

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We’d be remiss if we let National Small Business Week go without mentioning the event’s champions, as it were.

Small Business Trends was able to catch up with the duo the U.S. Small Business Administration named the 2019 National Small Business Persons of the Year. They’re Jennifer and Jeffrey Herbert. They own Superstition Meadery, a company they started in Prescott, Arizona, only back in 2012.

In our interview with them, we find out the key to their early success in business and you can find out how you can emulate it.

For the rest of the week in small business news, check out our weekly roundup below:

Small Business Operations

Nextiva Launches NextOS Suites for Small Business Communication

Nextiva just announced a new set of tools for businesses called the Nextiva Business Suites. And this includes the Nextiva Business Communication Suite and the Nextiva Customer Relationship Suite. What Nextiva’s New Suite Can Do Basically, the Nextiva Business Communication Suite combines Nextiva’s voice communication solutions with CRM.

Startup

FirstData Launches CloverAchievers to Boost Small Businesses

Welcome to Clover, the cloud-based payments platform from FirstData. Clover just announced a new initiative called CloverAchievers. Check out this contest designed to reward business owners who are striving to grow beyond the status quo. All different types of small businesses may enter the contest.

50 Really Weird Restaurant Ideas from Around the US

You’ll currently find more than a million restaurant locations across the U.S. And the industry brings in more than $825 billion a year. But forget about all those restaurants in seemingly every location across the country. Room for growth still exists. Find yourself interested in jumping into the restaurant industry? First find a unique angle.

Thinking About Applying for an Industry Award? Here Are 11 Things to Consider First

One of the best ways to connect with potential clients and investors is through business or industry awards. Awards can give your brand or company weight, validate your skills and abilities, generate buzz and give those spending money with your company the confidence that they are contributing to an already successful project or product.

Nextiva Names Former Apple Executive Marc Stoll as Next President and COO

Nextiva has a new President and Chief Operating Officer. Marc Stoll previously worked at Apple. Stoll served as VP Worldwide Sales Finance during the Steve Jobs era. Small Business Trends contacted him via email to find out about his plans for the cloud communications company.

Technology Trends

Fascinating  Predictions about Facebook Messenger Marketing That Can Help Your Business Grow

When it comes to Facebook Messenger chatbots, we as marketers are in the thick of it. We’re devising Messenger strategies, assembling chatbot sequences, and racking up wins for our companies and clients. But what’s the future of Facebook chatbot marketing? We have some predictions.

Marketing Tips

3 Quick and Easy Website Personalization Tactics to Boost Conversions

Personalization lies at the heart of delivering a great user experience. You’ll find this true whether you run a blog or SaaS business.Or whether you operate an e-commerce website. Your visitors will always appreciate getting personal attention from you. No one likes to be cast into a “general” category and treated as “just another user”.

Attention: Social Media Marketing is No Longer Enough for Your Business

I was recently listening to the Social Media Examiner podcast where Mike Stelzner, founder of SME was talking about the launch of his annual report on the state of social media marketing. The nutshell, from what I can remember, is as follows: Facebook use and overall advertising is declining. Sure, it’s still being used but it’s getting harder and harder and more expensive.

How to Get Customers to Your Small Business

As a new business owner, the question that keeps you up at night is: How will I get my first customers? The specific answer varies depending on the type of business you have.

Product Lists

20 Places to Find Online Entrepreneur Courses

A well-chosen entrepreneurship course can equip you with the skills you need. They help you develop your idea or concept into a viable business venture. Many courses also provide ongoing resources. They help turn your dream into reality. And they help you avoid many of the common pitfalls that affect new start-up owners.

20 Places Small Business Owners Can Take Online Accounting Courses

Small business owners should master the art of accounting. Because a simple online accounting course can equip you with skills to create more professional financial statements. Or let you forecast financial trends. And all this will benefit your business. But you can also learn how to read key performance indicators. Or understand and interpret data.

Image: Superstition Meadery/Facebook

This article, “In the News: Catching Up with the Small Business Persons of the Year” was first published on Small Business Trends



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The Pros and the Cons – Online Businesses

May 17, 2019 by Asif Nazeer Leave a Comment

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When it comes to digital marketing strategies and the best way of getting attention for your online business, there are two central methods: SEO, or search engine optimization, and PPC, or pay per click advertising. They represent different approaches, and each has distinct benefits and difficulties.

By getting a clear understanding of each, you can make a more informed decision about the best way forward for your business. Also, you’ll understand whether you need to investigate SEO literature and trends, or PPC campaigns and services.

PPC – Pay Per Click

Pay per click marketing is an upfront cost style of marketing. Using an online payment platform, you approach a search engine (most probably Google) to arrange the placement of digital advertisements. Through a bidding system, you arrange to have advertisements that link to your website’s pages placed as high as possible on the results page of a search for a particular set of keywords. The money for your bid is only collected if the person viewing your ad actually clicks through to your link.

Pros of PPC

The biggest advantages of PPC are that it is simple, testable, predictable, and scalable. PPC does not involve lots of elaborate website coding, keyword researching, traffic analysis, or extensive deals with other blogs and content creators.

With PPC, at its most basic level, you simply put in your bid. Then you specify your keywords and you are good to go. This simplicity also makes it eminently testable. You can turn a PPC campaign on and off with ease. This allows you to see clearly the difference made with your campaigns.

PPC is also very predictable. That’s because you openly specify the pages that your ads link to. In other words, with a PPC ad, you invite potential customers to link directly to your purchase pages for particular products or services. Also, by using simple adjustments to the range of keywords or the size of your bid, you can easily scale a PPC campaign.

Cons of PPC

The two biggest disadvantages of PPC are cost and behavior. PPC can be extremely expensive. Moreover, with each and every person that clicks through, it becomes exponentially more costly.

This means you are vulnerable to bounces, people who visit your page but do not buy. Therefore, PPC creates the strange situation where people not buying your product can actively cost you money. PPC ads are also more likely to be the target of ad blocking software. And they’re defenseless against people’s instinctive advertisement avoidance.

SEO vs PPC 2

SEO – Search Engine Optimization

Search engine optimization is a more organic approach to marketing. Rather than paying the search engine directly, you engineer the contents of your website so that it contains certain keywords. This in turn draws the attention of search engines.

Other SEO processes involve reaching out to other websites and blogs and either requesting or purchasing posts that will link back to your page. This is called “backlinking.” The more backlinks there are to your page, the better regarded your website will be by the search engines.

This is just the barest bones of what SEO involves, but the broad principles are here. As the name suggests, it is about optimizing the content of your website for the benefit of the search engine.

RELATED ARTICLE: COMMON SEO MISTAKES SEARCH MARKETERS REFUSE TO ABANDON

Pros of SEO

The biggest advantages of SEO are that it is relatively inexpensive, it has exceptional longevity, and it takes advantage of intrinsic Internet behavior. Although aspects of SEO can be paid for, most of it is functionally free. Instead, it involves strategies like regular blog posting, collaborative linking, and generally making good content.

While this can be time-intensive, the results it produces once it gets going can last for a long time. Moreover, these results do not require the constant stream of investment that PPC needs. Furthermore, because it is linked to using natural results of a search engine, rather than paid advertising, it is immune to ad blocking software. In fact, many Internet users offer more trust to pages they find in the upper to mid-tier of their search results.

Cons of SEO

SEO may be free, but as has been mentioned it is time-intensive. PPC simply involves filling in a form and arranging payment. For SEO it can take weeks, or even months, before you find yourself on the first page of a search engine’s results page.

SEO is also highly unpredictable. You can do your best to target your content toward particular keywords. However, you have no way of knowing which ones will lead online browsers to your page. Nor can you predict which of your pages they will come across first. If you are looking to make particular product pages successful during specific seasons, SEO is an unwieldy tool to accomplish this goal.

Conclusion

SEO and PPC are different beasts. Depending on your business model, the industry you work in, and many other factors, their advantages and disadvantages will interact with you in different ways. There is no right or wrong approach, only the approach that fits you and your business best.

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