by Bob Osgoodby
Many people, when they try to go into business, have at best a loosely defined set of goals. A goal is the purpose towards which any endeavor is directed or in other words, an objective. While the ultimate goal is to make an income, that by itself is not a realistic goal on which to base a business.
A simple analogy might be a stream with stepping stones. While the ultimate goal here is to reach the other side without getting wet, each stepping stone represents an intermediate goal that must be reached. If you miss one, you won't be dry when you reach the other side, and will not have attained your goal.
Business in general, whether it be "brick and mortar" or an Internet endeavor, has intermediate goals. If you don't recognize these necessary steps, you will not reach your ultimate goal, which is financial reward.
In any particular business, of course, the ultimate goal is to produce revenue, but there are numerous "stepping stones" that must be in place to do so. At the risk of stating the obvious, you must have a saleable product or service. While you might scam a few people with an inferior one, you will not be around for the long haul. I personally get a real "kick" out of those who send out what are recognized by most people as obvious scams such as chain letters, hoping to lure in the unsuspecting.
So if you do have a legitimate product or service, how are you going to sell it? First, you need a place from which to sell your wares. A website to an online entrepreneur is akin to a storefront. This is where you will make your sales. It has to be attractive and the merchandise should be displayed in a proper manner.
Next, you have to make people aware of its existence. This is your advertising goal. You must first identify a target market, and aim your advertising towards that market. But where do you advertise? Statistics have shown that the best possible vehicle is one that actually reaches your prospects.
Let's talk about ezine advertising, which is one of the strongest ways possible. Do you advertise in a publication that reaches 100,000 people or one that only reaches 5,000? Don't be too quick to answer. The one that reaches 100,000 may not be aimed at your target market, while the one that reaches 5,000 might. While a humor ezine may reach many thousands (who doesn't like a good joke), if you are trying to market an affiliate program, an ezine geared to that market might just be your best bet.
Next on the agenda is an easy way for your prospects to purchase your product. If you don't accept credit cards, you are missing impulse sales. If someone is ready to buy, and you make them jump through hoops to purchase, the odds are they won't. If you give them time to "cool off," they will most likely look elsewhere.
It is not that difficult to obtain a merchant account. Anyone who is selling a product or a service that doesn't have one is simply wasting their time. If someone has to send you a check or money order, by the time they get around to doing it, their impulse to purchase may very well be gone.
Do you have a personal presence on the web? If not, you are losing business. You don't have to give them your life history, but your picture and way to contact you goes a long way.
Do you need a toll free number? I always felt this was important, but have lately changed my thinking. A toll free number will generate a lot "tire kickers" but not too many sales. If someone won't "drop a dime" to find out about your offer, they are most likely not serious. We took out our toll free number and two things happened. The number of calls we received went down. But, the number of sales we made went up. Go figure.
These are just a few of the stepping stones needed to reach your goal. While there are many others, if you provide these steps for your prospects, you will most likely meet your goals. If you don't, you will quickly lose heart and wonder why you are not getting any business.
Bob has been publishing online since 1996. All the "tricks of the trade" are contained in his latest E-book. Learn how to avoid being shut down by your ISP for Spamming, and where to find E-mail friendly ISP's. Learn which software packages are available to easily manage and distribute your email. For more information: adv-marketing.com/business/handbook.htm
Trending on TDS
- 5 ways to prevent elderly relatives from throwing away money
- Couple's finances: Should you combine or keep money separate?
- The difference between credit and debit
- Before you hunt for a job
- How to adjust your financial plan for the new year
- 5 big bills you can cut fast
- Traditional IRA vs. Roth IRA
- Tips for boosting your credit score
- 7 times you can save money by spending money
- Negotiating your next raise
- Money-saving secrets of the rich and frugal