Tuesday, November 2, 2010

“The Rent is Too Damn High!” Guy Sells Out to Penny Auction Site

What a perfect and timely post for this November 2nd Election Day. Everyone should know who “The Rent is Too Damn High” guy is… it’s Jimmy McMillan of course, the candidate running for governor of New York. Put aside any politics and frustrations for the economy, Jimmy McMillan knows how to gain attention and with that attention comes money and power… potentially more than enough money to pay for his rent, which I’m sure is “Too Damn High!”.

Let’s quickly jump to another topic… Penny Auction sites, which are all of the buzz lately. Every place you used to see Acai and other rebill type advertisements, you now see these auction type ad spots filled with “Apple iPod Penny Auctions… Only $1.74” type of ads. These campaigns pay anywhere from $25 to $100 per sign up to affiliates, and are quite the buzz among the affiliate networks. A post was actually released yesterday about how one of these largest auction sites, SwipeAuctions is currently ceasing operations. It’s no surprise, as these ad campaigns are being promoted the same way the rebills and diet pills were, and it’s only a matter of time before lawyers, FTC and complaints start piling up and action has to be taken.

Back to Jimmy McMillan… he just released his own YouTube video of him pushing BidHere.com, which is a penny auction site with the same basis as SwipeAuctions and many other sites. BidHere.com is running a promotion on November 2nd for Election Day called, “Pay Your Rent for Pennies Auction“, so who more fitting than Jimmy McMillan to provide an attention grabbing video? No one…

What’s the bigger attention grabber here? Penny Auctions going mainstream with a “celebrity-like” testimonial… or how awesome Jimmy McMillan is for coming out of no where with his “The Rent is Too Damn High” party and slogan and getting endorsements and even a doll made up of himself! Is Jimmy McMillan… the second coming of Billy Mays? Probably not… but he does have America’s attention for a few moments, let’s see where it goes!

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October Trends + The 10 Horrors of Blogging

For those celebrating Halloween, it’s the spooky season, with haunted houses, terrifying costumes, and creepy decorations around every corner. What better time to look at the horrors that plague bloggers? Gruesome typos and grammatical errors, ghastly headlines, confusing echo chambers, dreadfully empty comments sections, and more!

Since it’s the end of the month, it’s also time to unveil October’s most-blogged-about stories, according to Regator.com’s trends. They were, in order: Halloween, Windows Phone, Brett Favre, Chilean Miners, Breast Cancer, ‘The Social Network’, Jon Stewart, World Series, Kanye West, and Nobel Prize. We’ll use posts from Regator about these top stories to illustrate how you can avoid the ten horrors of blogging…

The Horror: Typo terrors

See you next month with more blogosphere trends from Regator. In the meantime, you can get your niche’s trends or other free widgets for your blog at Regator’s new widget site.

Kimberly Turner is a cofounder of Regator.com, Regator for iPhone, and the Regator Platform, as well as an award-winning print journalist. You can find her on Twitter @kimber_regator.

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Monday, November 1, 2010

Review: Successful Blogging in 12 Simple Steps

For the beginning blogger who has limited experience, but lots of enthusiasm, Successful Blogging in 12 Simple Steps makes an ideal primer.

Written by Annabel Candy, from Get In the Hot Spot, this twelve-chapter ebook (lucky thirteen, if you count the bonus chapter) touches on all the basics, from choosing a blog topic to using social media to support your blog.

I found the structure of the chapters very clear: each chapter starts with a goal — this explains in a single sentence what you’ll learn from the chapter. It’s followed by a discussion of the relevant information, and a series of action points — practical tasks for readers to complete. The checklist that ends each chapter ties together the goal, learnings and actions so you can easily identify what you’ve learned, and anything you need to research further.

Annabel’s skills in web design and copywriting give this ebook a richness that others lack. She discusses issues like branding, website design and layout, and the basics of WordPresss. She also offers three chapters on writing: writing your blog’s static content, writing blog posts (which pays special attention to the all-important headline), and writing for the web.

The author covers all the key blog-promotion techniques in chapters on social media, online networking, search engine optimization and guest posting. Importantly, she stresses the value of understanding your blog’s statistics, and using these to help direct your blogging and promotion efforts.

This isn’t a detailed how-to guide for those with some blogging experience under their belts: Annabel keeps things fairly general and approachable. Her writing is, of course, great, and the ebook has a friendly tone that makes her advice seem eminently doable. If you’re squaring up to the challenge of running your own blog — for fun or financial gain — this ebook is a sound place to start. For more information, visit Successful Blogging in 12 Simple Steps.

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Sunday, October 31, 2010

The Dark Art of Product Pricing

This post was written by the Web Marketing Ninja — a professional online marketer for a major web brand, who’s sharing his tips undercover here at ProBlogger. Curious? So are we!

One of the most common questions I get asked is how much I’d charge for a given product. I guess the reason I’m asked this so much is it’s one of the hardest questions to answer, but the importance of price should never be underestimated.

Here’s the process I go through when I’m trying to arrive at a product price.

1. Your existing readers

It doesn’t matter if it’s your first product, or your tenth. If you know your audience, you should have a feel for their propensity to pay for things—and to what degree. If you’re unsure about this, look at the sorts of affiliate campaigns that are more successful with your readers. Do low-cost/high-volume campaigns deliver your highest revenue? Or do high-cost/low-volume promotions boost your bottom line the most?

Outcome: My existing customers have a propensity to buy cheap/expensive products.

2. Market perceptions

The general public has trouble valuing things—and brands have been exploiting that for years. But what you need to determine for your specific product is this: is there a market-based status quo when it comes to the price people expect to pay? If you’re selling music, or books, ask if there’s generally an accepted price range for these products.

Outcome: The community perception is that my type of product will be priced between $____ and $____

3. Where it fits in your product/customer life cycle

If this is your one and only product, then this perhaps doesn’t have much of an impact, but typically, products fit into three key life-cycle categories: entry level, standard, and premium. Once you’ve slotted this new product into your product life cycle, you want to apply one simple rule: make the step from entry level to standard small, and the step from standard to premium high. For example, you might offer an ebook as your entry-level product, a webinar series as your standard product, and one-on-one consulting as your premium offering. An example price structure might look like this:

  • ebook $19.95
  • webinar: $49.95
  • consulting: $5000

Outcome: This product is my Entry / Standard / Premium offering in my product portfolio.

4. Competitive market research

When building a competitive profile, aside from the prices my competitors charge, I document five key items:

  1. Influence of the brand (High, Medium, Low)
  2. Perception of the product (reviews, sales volumes)
  3. Core problem the product is solving
  4. History of discounting
  5. My product’s key point of difference from the competition

What I’m attempting to find with this research is where there is an under or over representation in terms of high/low value and high/low price. You’ll also get a good understanding of the caliber of your opponents’ products in the particular subsection of the market you choose to enter.

Outcome: My product has (high/medium/low) value and a (low/medium/high) price, and my closest competitor is…

5. Defining the real cost of the product

Bloggers often fail to figure out the cost of selling the product. You need to factor in things like transaction fees, the likely overhead of affiliate payments, and, if you’re selling a physical product, delivery, storage and other costs. While you may be likely to sell electronic products, you’re still going to have to pay money for every sale that’s made. How much?

Outcome: On average, my product costs $____ to sell.

6. Correlating feature relevance with customer value

Things can get tricky at this step. You need to make a realistic assessment of how relevant your #1 feature is to the customer problem that your product solves. Don’t get caught adding up the ten different features your product might have—focus on the top one. Then, make a call about the value people put on the solving this problem.

Outcome: My product has a (low / medium / high) relevance to solving the customer problem (___________) and people are willing to pay (a little / some / a lot) to solve it.

Other considerations

Okay so that’s the first stage done. Since you’ve answered some critical questions, you should now have a feel for what the market expects to pay for this type of product, and where yours fits into that spectrum. Now there are just a few more considerations to keep in mind as you choose a price.

Don’t be the cheapest.

It’s easy to start a pricing war by offering the cheapest item, and if you’re after a short term windfall, then it’s and option. But rarely does the cheapest win when if comes to competition.

For me this was summed up when I heard a five-year-old kid say to his mother, “We need to get that one, it’s more expensive, so it must be better”. The innocence of youth — saying what we all think!

Discounting is dangerous.

Lately, many successful product launches have initially offered a special introductory price that’s discounted. That’s fine, but try to avoid any ongoing discounts. It’s actually more advantageous to offer outrageous 50-60% discounts than smaller 10-20% amounts, as the customers’ perceptions of returning value on higher discounts are a lot greater. But if you can, avoid discounting at all.

The smaller the price, the more important it is to get it right.

If you decide on a low-priced product, keep things in proportion! The difference between $5 and $10 is 100%. So if you price your product at $5 you’ll need to sell twice as many to earn the same amount of income as you would if you sold the product for $10. Worse, a product you sell for $5 needs to sell four times as much as it would if it was priced at $20. When working with small numbers, finding the sweet spot is extremely important.

Don’t get stuck in middle.

Those irrelevant middle prices do nothing but cost you money—especially at the high end of the market. If you’re thinking of an $800 price tag, and your product has a unique selling point, charge $999. For a $325 product, go for $399 or $499. Your competition might seem to drive your price downwards, however I’d be working the other way. If you’re competitor is $999 try $1499—as long as you can prove why your product is better.

Throwing caution to the wind

As this post’s title attests, pricing is an art. Pricing can be so hard that sometimes you just need go with your gut, pluck a number, throw it out there and see what happens. Remember though, that it’s easier to drop the price of something than to increase it.

What techniques have you used to price your products? Have you had any pricing disasters?

Stay tuned from most posts by the secretive Web Marketing Ninja — a professional online marketer for a major web brand, who’s sharing his tips undercover here at ProBlogger.

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Friday, October 29, 2010

How Personal Experience Helps Me Blog Better

This guest post is by Kiesha of WeBlogBetter.

Have you ever wondered how some bloggers never seem to run out of post ideas? They always manage to escape the dreaded writer’s block unscathed; they’re always full of inspiration. Ideas overflow and pour onto the page as they type feverishly. They’ve tapped into a mystical stream of never-ending stories.

What if I told you that you could tap into the same power?

Everything you’ve already learned and experienced can be used to create infinite and original ideas for your blog. If you can turn on the analytical and creative juices in your brain, you’ll never run out of ideas.

Almost anything you’ve learned in school, on the job—even life’s lessons in general—can be turned into useful analogies or comparisons. Music, television shows, movies, or videos can also be used as fuel for unique and engaging blog posts.

There are almost no limits to this technique. In fact, the more unlikely and unusual the comparisons you make, the better.

Using my personal experience to blog better

Whenever something evokes an “Aha!” moment for me, I immediately think about how I can use that principle for blogging.

For example, late one night, I was watching The Karate Kid. At the point when young Dre finally realizes that all those days and weeks spent picking up his jacket had really been preparing and strengthening him, my mind immediately connected that experience to blogging.

When Mr. Han said, “Kung Fu lives in everything we do … Everything is Kung Fu”, I jumped up like a hot coal had landed in my lap. I grabbed a pen and wrote:

“Blogging lives in everything we do … Everything is blogging! Every experience is potential blogging material!”

My husband thought I was going mad as I frantically scribbled this on an already over-filled piece of paper. It was a major “Aha!” moment!

Yes, everything in my life — even those experiences that I thought were useless wastes of time — had been preparing me for blogging.

You might not be able to see the similarities between blogging and manicuring nails, but what I learned years ago as a nail technician helps me blog better today. I was known for my creative airbrush designs and 3D nail art. I had more customers than I had time. It sounds like I should be rich by now, right?

Here’s the problem: I loved the design/art part of the process, but I hated the chemical aspects of the job. I also hate feet, which wasn’t the best of news for customers who wanted their toes to match their fingers. I suffer from the exact opposite of a “foot fetish.” Would that be a foot phobia? What I learned is that no amount of money justifies doing (or smelling) things you hate.

How does that translate to blogging?

Nothing, not even money, should be the reason for blogging about something you’re not passionate about.

I can see many parallels between applying acrylic nails and blogging.

They both require preparation

When applying acrylic nails, the surface must be adequately prepared. Skimping on this step creates the prime condition for the growth of fungus or other harmful pathogens that, if left untreated, could create medical problems for the customer.

With blogging, if you don’t take adequate time to prepare with research and fact checking, you could potentially steer a reader in the wrong direction. They may not be physically harmed, but advice you offer on your blog could harm a person’s business or their blogging efforts—and maybe even adversely impact their finances.

They Both Require Good Design

If I tried to put a beautiful design on a malformed nail, it only made the malformation more apparent. On the other hand, a well-formed nail with an ugly or bland design would be a waste of sculpting efforts. In other words, the nail had to be both well formed and display a beautiful design.

The same is true for a blog. You can have the most beautiful blog design, but if your site lacks valuable content, no one’s going to want to return. You need both good design and great content.

So you see, yes there is much to learn about blogging from doing nails. There is much to learn about blogging from everything—from all of your experiences.

Over to you

Have you ever thought about how your own abundance of personal experiences relates to your own niche? And how you can use that to create a blog unlike any other?

  1. Start by listing some of the most vivid experiences you’ve had, or lessons you’ve learned over the years.
  2. Then instead of thinking about how different they are from blogging, think about how similar they are.
  3. Use those points of intersection to highlight those similarities.
  4. Then mesh those ideas together to create something new.

What you’ll get is something totally unpredictable and extremely insightful.

Which pieces of your personal experience and life lessons could you use to create an interesting analogy or comparison in a blog post? Which could you use to help you improve your blogging in general?

Kiesha blogs at WeBlogBetter, offering blogging tips and tricks. She’s a technical writer, writing instructor, and blog consultant for small business owners. Connect with her on Twitter @weblogbetter.

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Thursday, October 28, 2010

The Goal Post: Why Goals Matter More than Ever

goals.pngImage by Iguana Jo.

Overheard in Vegas at BlogWorld Expo:

“I just started a blog and I’m excited to see where it will lead me.”

Have you ever said something like that? When I started out, it was certainly something I remember telling a friend. Nobody really knew where the medium of blogging would lead—we were all quite happy to let thing evolve and see where we ended up.

There was actually some sense in this approach: blogging was still evolving, and because the space wasn’t overly crowded or competitive, many bloggers were swept almost accidentally into amazing opportunities.

The problem that today’s beginning bloggers face is that the see-where-it-will-lead approach doesn’t always work. There are many millions of blogs, mainstream media is investing serious cash into the space, and some of the everybody-wins style of collaboration that used to go on in the blogosphere has disappeared.

While good things still come when you let your blog evolve, and luck still plays a part, many of the more successful bloggers that I meet today are strategic about what they’re doing.

One of the themes I taught at BlogWorld Expo this year focused on goals.

Knowing what you want to achieve and where you want to end up will make you more likely to end up achieving those things.

Conversely, setting out on a path with no idea of what you want to achieve leaves your destination purely up to chance. It could end up being good—or it could end up quite the opposite.

“If you don’t know where you are going, how can you expect to get there?” – Basil S Walsh

The blogger who didn’t set goals

I told this story at BWE last week.

A number of years ago, a young blogger burst onto the scene in one of the niches I wrote in. They got noticed faster than almost any blogger I’d seen before: within weeks, their blog was getting hundreds of comments and being talked about on many other blogs.

The reason they were noticed so quickly was that almost every post they wrote took a pot-shot at another blogger in their niche. Posts on the blog were critiques, rants, and personal attacks on other key people in the niche (including me). And as a result, the blogger got noticed very, very quickly.

The blog grew over the coming months, largely based upon this snarky philosophy. Other bloggers saw the strategy working and new snarky blogs sprung up. The niche wasn’t a particularly pleasant one to be a part of for a while there.

I always thought it was a pity—the blogger was actually a smart person and when they wanted to, they had good things to say. But the blog always seemed to be seasoned with a toxic edge which detracted from what I thought could have been achieved.

One day, the blog that started it all stopped publishing. The blog went silent.

A few months later, the blog disappeared altogether. All traces of it vanished (although I’m sure it still lives in those Internet archiving sites).

I always wondered what happened to the blogger, until a few months ago, I found myself in a chat room listening to a webinar and recognized their name as one of the other participants.

I managed to get the blogger to jump on Skype with me and asked what had happened. Why had they stopped blogging?

The story the person told me was that they’d started blogging with one very vague goal: to get noticed. Beyond getting noticed, they didn’t really know what they wanted to achieve. It was only after they’d gotten noticed that they realized their ultimate goal was to be an authoritative voice in the niche. The blogger wanted to be someone that people looked to with respect. They wanted to be someone who’d be asked to speak and write books on the topic.

The problem was that the way they’d initially gone about their blogging had actually taken them away from their belatedly identified goals. They’d burned bridges and become known as the snarky blogger, rather than the authority blogger.

“Without goals, and plans to reach them, you are like a ship that has set sail with no destination.” – Fitzhugh Dodson

I don’t have goals!?

I’m very aware that many bloggers start blogs without hard and fast goals. They take the I’ll-see-where-it-leads approach. This was my approach, too—and good things did come from it.

However, the reality is that as vague as they were, I did have goals even back when I started eight years back.

They certainly weren’t long-term or far-reaching grand goals about where I’d be today. Rather, they were goals about the next steps—where I’d be in the coming days and weeks.

Over time, I achieved some of what I set out to do. I abandoned other goals and set new ones—some of them for the longer term. The key was to identify a direction to head in, and start moving.

You don’t always need the ultimate destination in mind, but if you can identify some next steps to work towards, at least you’ll be heading somewhere with intention.

“Progress has little to do with speed, but much to do with direction” – Unknown

Do you have goals for your blogging or are you seeing where blogging will lead you?

Further reading

Thanks to @pushingsocial and @kennyhyder for help on Twitter with the title of this post.

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Wednesday, October 27, 2010

Does Your Site Hold Up to the Window Shopping Test?

image of red rain boots

Window shopping can be a disillusioning experience. A beautiful display can pull you in, only to lead to a shop with a bad selection and lousy customer service. Which makes it less fun to pop back onto the street to continue the search.

Online businesses have window displays too — or at least a good counterpart. If you’re doing business online, you may be surprised to know that your window display could be making promises that your store doesn’t deliver on.

Follow along with me and my daughter as we shop for new rain boots, and you’ll discover what works and what doesn’t when you’re creating an online “window display” to entice your customers to buy.

We were looking for the same things most people do when they shop: good selection, quality products, an enjoyable shopping experience, excellent customer service, and a price point we could afford.

Lots of window displays seemed to promise those things. Like that one over there. Are those the boots we’re looking for?

We ventured into the store.

Store 1: Anybody home?

As our eyes adjusted to the store, we noticed it was dark and a little hard to make out what they were selling. The place seemed abandoned, and no one came forward to help us. We had seen a pair of boots in the window, but now that we were inside, we weren’t sure they even carried boots.

They had shoes, but there was no order to how they were presented. They didn’t seem to be organized by men’s and women’s shoes. They weren’t displayed by size or style. They were just placed around the store randomly, and there was nobody around to help us find what we were looking for.

We backed away and kept looking.

Store 2: Accosted by a hustler

A few steps beyond the first store, we saw another window display. The window display was full of light, and the boots were organized by men’s and women’s styles. It was easy to see they had plenty of inventory.

We headed inside.

This store looked much better at first glance. But the loud music playing in the background was really hard to take. The store’s walls were painted with florescent colors. It was distracting, and hard to focus.

A salesperson approached. He strained to speak over the music, and loudly asked what we were looking for.

We said we were looking for rain boots, and he steered us over to a display of leather boots with 5” stiletto heels. He tried to convince me that these boots would hold up great in the rain, and besides that, my daughter’s legs would look longer.

I noticed the boots were $485.00, and wondered if that had something to do with his recommendation.

I pretended to need to make an urgent phone call, and we hustled out in a hurry.

Store 3: Our luck turns

At this point, we were a little frustrated. The first two stores we visited had made a promise with their window displays. We went inside expecting to find what caught our eyes in the window. Once inside, though, the shopping experience fell apart.

We were getting a little tired at this point, but we kept going, hoping to see another display that caught our attention. And this time, we finally got lucky.

The window display looked organized and appealing. The boots were grouped together, divided into men’s and women’s styles, and organized by color.

A spacious, soothing atmosphere greeted us when we walked inside. There was plenty of room to wander the aisles and look at products more closely. We scanned the merchandise and found the boots section right away.

As we moved to that part of the store, a salesperson appeared. He let us know that all their boots were marked down 50% this week, and that he could help us find what we were looking for. We started to feel lucky we picked this week to wander into this particular store looking for boots.

We found the style she liked, but they didn’t have them in red. My daughter had her heart set on red rain boots.

We asked the salesperson what we could do, and he had a great answer for us. They could special order the boots in her size, in red. They would deliver them at no charge, and she would have them the next day.

We happily handed over the credit card. Victory!

Which store is yours?

If you think this is a lesson in e-commerce sites like eToys or Zappo’s, think again.

Every site gives its readers an experience. And it’s up to you to make sure your site, particularly your homepage, delivers what they want.

When people arrive at your site’s homepage, which of these stores reflects their experience? Is it uninviting and disorganized? Is it bright, loud, and not terribly helpful?

Or does it make your offerings easy to skim, and enticing to sign up for or purchase? Do you have help systems like FAQ pages and contact forms to make it simple for your customer to get their questions answered?

Have you made it easy to find great content that gives them exactly what they’re looking for? Is everything on the page geared to making sure they find just what they want?

Do you track what your customer is looking for so that you can be sure you’re displaying what they’re in the market to purchase?

Your home page makes a promise, just like a window display does. If it’s set up right, customers will click to enter and find out more.

Once they’ve found you, will they buy your boots?

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