Thursday, January 27, 2011

How Will I Know if my Idea will be Profitable?

It is a great question, and one that many people starting companies forget to ask. After all, it doesn’t do you any good to sell a lot of units, or provide a wonderful service, if you lose money every time you do. That approach is, as they say, “not a sustainable business model.

Having asked the question, the short answer is this: You can’t know with absolute certainty, before you begin.

The longer answer is while there is no guarantee, you certainly can take two steps to minimize your risks.

How?  By acting as the most successful entrepreneurs do.

If all you did was read the popular press, you would think that serial entrepreneurs, that is those people who have started two or more successful companies, love risk.  They swing for the fences at all times.

Nothing can be further from the truth. They are extremely risk adverse.

So, to make sure they don’t over-extend themselves, invariably:

1. They take small steps in the direction they want to go. They don’t make huge leaps.  (And after they take that small step, they always pause to review what they have learned to make sure the next small step they take is a smart one.

2. They always bring along like-minded potential partners. Not only does this allow them to move faster, it spreads the risk.

Neither of these moves, of course, guarantees success. (Nothing can.) But should things not go as planned, you have minimized your risk which will allow you to try again.

This guest post was written by Len Schlesinger is President of Babson College, and formerly served as Chief Operating Officer for Limited Brands. With his new book, Action Trumps Everything, you can learn more about how to act like an entrepreneur, as well as how to use a new entrepreneurial formula called CreAction to work for your goals. Please visit www.actiontrumpseverything.com for a free copy of the book.

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5 Solid Ways to Get Traffic to Your Blog

Traffic is one of the most important things you need to succeed as a blogger because traffic is what make the sale, brings about an increase in subscriber and traffic is what brings about opportunities. It doesn’t matter how great your knowledge of monetization is or what kind of influence you have; if you don’t have enough traffic to your blog your blog can’t go anywhere. This post will be giving you five solid ways to get traffic to your blog.

1. Guest Blogging

Guest blogging is one of the best and most effective ways to get traffic to your blog and it is one of the things that helped me build a successful blog from scratch to  zero in less than one year.

While guest blogging is great, a large percentage of the people guest blogging nowadays are getting little to no results from their guest blogging efforts because they don’t know how to go about it. The majority of the guest bloggers we have only think about getting traffic to their blogs and in other to achieve this they don’t even care if the blog they’re submitting a guest post to and its readers benefit or not.

Your guest post should be focused on two things; what you gain and what the readers of the blog you’re writing for gain. Do your best to put your best into your guest posts because this will increase the chances of your guest post becoming more successful while at the same time increasing the number of visitors that come through to your blog.

2. Article Marketing

Even though this particular method is overlooked it has been in existence for a very long time and it is also a very effective way to get traffic to your blog. Many people miss it when it comes to article marketing because they obsess over the number of article directory they can get a link from instead of the quality of the article directories. Getting the best result from article marketing is not about quantity but quality; it is important to consistently submit your articles to only 5 top article marketing sites that bring results instead of just submitting your articles to numerous article directories for the link they give – not all links are equal and as far as link building is concerned the principle that works is the fewer the better.

3. Online Contests

This method is so powerful and effective but very few people are using it. I have seen a blogger who was able to build his blog from a fairly new blog to a highly  successful blog in less than a year only using this principle. People love free things, especially if cash is involved, and contests can be a great way to create more attention for your blog.

Contests that bring results are carefully and creatively planned and they’re not just run for the sake of it. There is no point in running a contest if you won’t gain anything. When trying to run a contest you should also make sure you try your best to get as many sponsors as possible while making your prize very high – the more irresistible your prize is the more successful your contest stands to be.

4. Blog Commenting

I used to underestimate this particular traffic generation tactic when i was a new blogger but i have now learned the secret to successful blog commenting and there are blogs that have sent me thousands of visitors only from my blog comments. Blog commenting for success is not about being fast or hardworking but about being smart. You will hardly see me comment on blogs nowadays but the 2-3 blogs I comment on send me hundreds of visitors monthly.

While traffic from blog commenting can be really great i have discovered that the best way to make sure you get the best from your blog commenting efforts is by making sure you’re not commenting on a post for the sake of the traffic you will get; if you love a post and you feel like contributing to it make sure you say your mind, but if not, keep shut. A lot of people make a great mistake of commenting on several blogs for the sake of traffic and the end result is that this people get very limited traffic that stops when they stop commenting on those blogs – quality traffic is the one that keeps on coming even long after you’ve stopped doing what you did to get it.

The secret to get the best from blog commenting is to select the blogs you will be commenting on wisely and make sure you do your best to contribute to the post, not reduce from it.

5. Social Networking

Everybody are talking about the importance of social media and how it can help you improve your online business but it is funny a lot of people are not using this particular tactic to the best. One of the mistakes i so much regretted in my blogging career is not having a facebook fan page earlier; this mistake costed me a lot of fans and traffic and I have now realized that no social media outlet is useless. It doesn’t matter how you hate a particular social network or how ignorant you are about it the truth is you can tap into it and get more traffic from it; why let that traffic waste? Facebook has over 500 million users in the world and not tapping into that user base will be one of the greatest mistake an internet marketer will make; twitter also has a lot of users and your business can experience more than expected if you can tap into it.

Don’t see a particular social media outlet as useless or irrelevant if your users spend a large percentage of their time on it – you will get an amazing result by tapping into it.

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Wednesday, January 26, 2011

When Passion and Complacency Collide: Tips to Get Out of the Funk

Complacency Kills

Have you lost the passion for writing and blogging? Maybe you’ve been doing it awhile and don’t feel the same drive as you did when you first started. Sometimes we start out passionate about a topic, but that passion can turn into complacency and later lead to lethargy.

Before we get into some tips to either keep your passion alive or revive a lost passion let’s cover the definition of these terms.

The dictionary defines complacency as:

a feeling of quiet pleasure or security, often while unaware of some potential danger, defect, or the like; self-satisfaction or smug satisfaction with an existing situation, condition, etc.

If you’ve ever been on a construction site you may have seen signs that read, “Complacency Kills.” What this means is that by getting too comfortable with your daily routine you often make mistakes. In the construction business these mistakes can be deadly. Complacency in your blogging or online business may not physically harm anyone, but it can lead to death—death of your business.

The dictionary defines passion as:

any powerful or compelling emotion or feeling, as love or hate.

You love blogging, you love your business, but sometimes the passion just isn’t there, especially if you’ve been doing it for a long time. Maybe you still go through the motions but your content often reflects how passionate you are. Maybe it’s gotten dull and boring to your readers. A lack of passion for your business can lead to lethargy—which is death in itself.

The dictionary defines lethargy as:

the quality or state of being drowsy and dull, listless and unenergetic, or indifferent and lazy; apathetic or sluggish inactivity.

Once you reach that stage in this cycle it may seem impossible to ever get your passion back. These tips will help you to avoid reaching the lethargic stage and may help you pull out of the funk if you’ve already reached it.

1. Take a break. You can either take some time away from your work completely or if you’re running a blog do fewer posts each week. If you blog daily, make an announcement that you’ll only be blogging two or three times per week.

If you feel the need to completely walk away for awhile, look at tips 2 and 3 to keep your blog updated with new content.

2. Hire a writer. If your budget, allows you can hire a writer to write a couple of posts each week. This will give you more time to kick back or to work on traffic and promotions instead of writing all the time.

3. Ask for guest bloggers. Having people guest blog for you is an excellent way to free up some of your writing time, add fresh content while maintaining a good posting schedule and it also helps someone else gain exposure to their blog as well as yours.

4. Spin. I don’t mean spin class. I’m talking about reinventing yourself or your brand. Get creative and make it exciting again. Add a little twist to your current brand.

5. Support Team. Create your own support team – surround yourself with only positive, supportive people, in an environment that fosters creativity – like a forum or social network. Offer your help to those people. Sometimes focusing on helping someone else come up with creative ideas will also spark your own ideas about your own business.

Prevention is always the best choice when you feel yourself waning from having passion about your blog and business. No matter how passionate you may be, you can still lose your excitement. If you’re aware this is happening, just take some of the steps above to prevent becoming lethargic about it. Outsource some of your work if you can or need to. Get involved with like minded people and draw inspiration from their passion. Do something! Even if you need to take a few weeks off, do it. You can set your blog to auto-post while you’re away.

Things can keep running smoothly even when you need a break.

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Monday, January 24, 2011

December Earnings Breakdown: My Best Month Ever

It’s that time of the month when I take a look over where income has come from in my own business over the preceding month—this time, December.

Let me start with the trending chart (click to enlarge it) that tracks earnings in the total and separate income streams for the last nine months. You’ll see from this that December was a very good month!

income streams 2010

Actually, “very good” is something of an understatement: it was my best month ever, and just under double the income for the previous month.

The increase came from a number of the income streams, and it occurred for two main reasons:

  1. A Christmas promotion on my photography blog: I ran a “12 days of Christmas” promotion on dPS that promoted 11 different products—my own eBooks as well as a series of affiliate promotions. This was the main reason for the leap in the affiliate stream (it’s over ten times higher than the previous month), but it also pushed ebook sales up significantly (double the previous month). I’d be happy to write a post on this promotion in the coming weeks if people are interested?
  2. Holiday shopping: AdSense income always rises at this time of year for me as a result of the Christmas rush (up by about 20%) and Amazon Affiliate earnings also rose (around double the average monthly income from the last year).

Following is the income stream breakdown:

income streams december

Note: ‘Continuity’ refers to membership sites ProBlogger.com and Third Tribe. I did not do any speaking/events in December.

Looking forward, it’s going to be slightly depressing to post January’s figures after this month—affiliate sales, AdSense, and Amazon will of course return to normal after the Christmas promotions (in fact they often are a little lower than average in January). However we’re also looking to launch a new ebook on Digital Photography School next month, so hopefully that stream will be healthy.

How were your December earnings?

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The Times They Are A Changin’…Again

People who do business on the Internet or actually run a company in cyberspace soon get used to the idea that what’s the norm one week will crumble and blow away like dust the next. There are no other traditional values on the web except for maybe the fact that the only way to get really good leverage with any search engine optimization techniques or other kinds of advertising you use is with good content.

For those of you who think I’m just harping on and on or promoting my own services, I can still rest my case with the recent article that was forwarded to me from dmwmedia.com. It seems that Google has fresh plans to crack down on low-quality content and just general spam that brings down the overall opinion of text that gets written on the Internet.

“We have seen a slight uptick of spam in recent months, and while we’ve already made progress, we have new efforts underway to continue to improve our search quality,” Matt Cutts, a principal engineer at Google wrote.

That means once again that you’re going to need professional content and an expert at the helm who knows how to couch and link proper keywords around text to entice your readers to take action and be driven in the direction you want them to go. There’s little doubt now that the Internet after 10 years has become a viable form of commerce and the people who write for it on a continual basis have been at the forefront of the burgeoning industry.

However there are more changes on the horizon than just with what gets written and these include the vehicles that will be the predominant way you see content. Recent statistics point to the fact that there are 234 million Americans using mobile devices and a study by Deloitte also points to the fact that the PC isn’t  the only kid on the block anymore when it comes to IT devices that get  the message out.

The applications industry  proves  the point as well with the Apple App Store, Nokia Ovi Store, Google Android Market and BlackBerry App World all doing brisk business . The Google Android Market has grown six times to about 130,000 applications that  are available on the market today.

It all means that mobile advertising will become even more of a must in the coming year than it has been before. Getting the word out on the goods and services that you’ve got for sale will mean that you’ll need to be acquainted with this technology because even business heavyweights like Deloitte are predicting that the tablet will replace the PC soon as the preferred method to get information for executives on the go.

It shouldn’t come as a shock that the times they are a changin’ again and if you want to stay ahead of that ever shifting and bending technology curve so you can get to the clients you need to, you’ll need to get good content and the latest mobile applications working together.

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Sunday, January 23, 2011

How to Create a Membership Program that Rocks

This is a guest post by Mary Jaksch of A-List Blogging Bootcamps.

Many bloggers dream of adding a membership program to their blog. And with good reason. A membership program can create raving fans, will make your blog stand out, and can even create a great revenue stream. But most membership programs fizzle out because the creator made one or more of five critical mistakes in creating and running it.

In the last couple of years I’ve set up two successful membership programs, the A-List Blogger Club, with over 800 paying members, and the free Goodlife ZEN Fitness Challenge, with over 350 members. And I’ve helped quite a few bloggers to plan and set up successful membership programs. I’ve learned what works, and which mistakes to avoid.

Initial questions

Before I share my tips with you, let’s consider a few important questions.

Is creating a membership program really worthwhile?

A membership program is a lot of additional work for a blogger, so it’s important to think carefully before you establish one. The upside is that a membership program boosts a sense of community on your blog, creates goodwill, and can be a great source of income. The downside is that it’s hard work to maintain a membership site. In other words, you have to work your backside off in order to make it a success.

Paid or free?

Whether you want to create a paid or unpaid membership is a decision you need to make before you start. It’s hard to convert a free program to a paid one without losing most of your members. If you are dead keen on starting a free program, make sure you have a plan of how to monetize it in the future. Otherwise, it will become a drag on your time and energy. (You’ll find some suggestions on how to monetize a free program further down).

What’s your offer?

If you want to create a paid membership program, you need to make a crushing offer in order to get people to join. And you need no-brainer benefits in order to get people to stay.

If you start a paid program, just creating a forum isn’t enough. If you offer some kind of training as well, you’re off to a good start. Because people expect information on the Internet to be free, and they don’t want to spend money in order to just bitch and moan about their life on a private forum. But many are willing to pay for new skills.

For example, for membership of the A-list Blogger Club (which Leo Babauta of Zen Habits and I run jointly) we offer free access to any future A-list Blogging Bootcamps, as well as to all the material of past Bootcamps. Members get a monthly interactive masterclass, plus members-only monthly training seminars. All this for an under-the-radar price of $20 a month. Members regularly tell me that we’re giving away too much. True. It’s our intention.

How can you over-deliver?

Take-home tip: offer “too much” for a price that’s “too low”. It’s not enough to have a crushing offer. There are some important pitfalls you need to avoid if you want to create a successful program. I’ve sighed over many new programs that were doomed to fail, just because the blogger made one of the following mistakes.

5 Critical mistakes that can kill your program

Mistake #1: There isn’t enough momentum

You need momentum in order to start a membership program. That is, you need a bunch of people who are ready and eager to join. I reckon that you need at least 50 members in order to make it work. If you have less than that, the program will most likely fizzle out. Nobody likes hanging out in a dead forum where zilch happens.

When Leo and I started the A-List Blogger Club after our first Bootcamp, we started with 45 members. The first month was touch and go because we had barely enough momentum. I used to post on the forum about ten times a day, just to keep the thing alive. Then, as soon as we hit over 100 subscribers, the forum burst into life.

When I created the Fitness Challenge on Goodlife ZEN, Leo Babauta suggested creating a forum so that members could report how they exercise each day. Over one hundred readers had expressed that they wanted to join the Fitness Challenge in comments on my introductory post. So, from day one, I had over 100 members in the program. Now numbers have swelled to over 350 and the forum is a lively place.

Make sure you have at least 50 people who will start your program from day one.

Mistake #2: You start because you think it’s a good idea.

Many bloggers tell me that they want to start a membership program. I applaud the idea in principle. But warn that it’s not you, the blogger, who needs to think it’s a good idea. Your readers or participants need to clamor for an ongoing program. My suggestion is to create something on your blog that creates a buzz – and only then start a program.

Let me give you an example: Project 333—which was started by Courtney Carver of Be More With Less—is the kind of project that’s begging for a membership program. The project is about creating a wardrobe with only 33 items that you can live, work and play in for three months. The project has had a huge buzz on Facebook, and Courtney is now developing the project on her blog. I see that her latest post about the project has over 100 comments. That’s a sure sign of enough momentum for starting a membership program.

Mistake #3: Your program lacks clear benefits.

You need to give prospective members a good reason to join. I’ve seen a lot of limp programs especially in the self-development field that offer this kind of “benefit”: This program is a place where you can share your journey of development. Boring, right?

What’s important here is to think about what aspirations members share. Common aspirations are the glue that holds members together. For example, fans of Project 333 want to experience practical minimalism, the participants of the Goodlife ZEN Fitness Challenge want to get and stay fit, and the members of the A-List Blogger Club want to become better bloggers.

Once you’ve got the handle on the common aspiration, it’s easy to formulate clear benefits. Just make sure you don’t use what copywriter Clayton Makepeace calls “faux benefits”, that is, features masquerading as benefits.

Mistake #4: You let spammers and ranters into your forum

People who join a membership program get hacked off if they read spam comments in the forum. To scan the forum for spam is one of the necessary tasks of maintaining a good program. Make sure that only registered forum users can post. And assemble a group of moderators to help you with the task of keeping your forum clear of spam and rants.

Set the culture of the forum by responding in a friendly, supportive way to comments. Create guidelines and make sure members adhere to them. If you get nasty people in your program, don’t hesitate to give them a warning, and block them if they continue to flaunt your guidelines.

Mistake #5: You pluck a name out of thin air.

I’m often amazed at the names bloggers come up with for their programs. Take a name like “Cut Your Coat”. You might think that “Cut Your Coat” is a dress-making program. Wrong. It’s about self-development—but who would have thought that?

Make sure that the name of your program clearly states what it’s about. The purpose of the program needs to be self-evident. If you need to explain the name, bin it immediately.

How to monetize a membership program

The best way to monetize a free program is to create digital products that are tailor-made for your ‘captive’ audience. For example, I’m in the process of creating ebooks and podcasts about fitness and motivation for the Fitness Challenge at Goodlife ZEN. The key is to create products that can help your members to participate successfully in the program.

If you run a paid membership program, you can create courses or digital products to sell to your members. Survey your members to find out which relevant skills they would like to develop.

How to set up a membership program

Setting up a free membership program is easy. All you need to do is to add a forum to your blog. I use the free WordPress plugin Simple:Press. It may not the best forum software, but it’s easy to install, and it preserves the appearance and branding of your blog.

If you want to set up a paid membership site, I suggest using the WordPress plugin Wishlist Member. It’s a premium plugin and costs $97—but it’s worth it. Wishlist can be adapted to many different program structures. And it’s easy to integrate with payment processors, such as Paypal or 1Shopping Cart, or with email responder services, such as AWeber, or Mailchimp.

So should you create a membership program right away?

Whatever your plans for a membership program may be, don’t be in a hurry to create it—especially if it’s going to be free. Wait until you have enough momentum, as well as a real reason for setting up a program. Then think carefully about the structure you are aiming for. You need to know exactly what you want to offer, and how you are going to deliver it in your program.

Don’t settle for mediocre. Instead, create something of real value. Most of all, be insanely useful. Create something that can change lives.

Over to you—if you’ve run a membership program, what are your tips?

Mary Jaksch has created the Great Fitness Challenge on her blog Goodlife ZEN. She is passionate about blogging and is co-founder of the A-List Blogger Club.

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Thursday, January 20, 2011

How Your Blog Can Score You Free Travel

This guest post is written by Anthony from The Travel Tart.

When I first started my travel website in 2009, I just wanted to get my travel writing out there, because I was frustrated with the way traditional media worked. Little did I know that having an online presence would lead to opportunities for press trips to all corners of the globe, and I did this from scratch!

Fiji's Coral Coast (image is author's own)In 2010 alone, I went on press trips to Fiji, the United Kingdom and South Africa. I have also recently become partners with a major adventure travel company that will provide more opportunities for press trips in the coming year.

When I talk about press trips, I mean trips where all expenses such as flights, meals, accommodation, and activities are covered. Considering I only started my blog in 2009 with virtually zero knowledge of how the Internet worked, that’s pretty good!

Would you like to use your travel blog to travel the world? This is what I’ve learned from my experiences.

Blogging has advantages over traditional media

Traditional media such as newspapers, radio, and television have a scattergun approach: they broadcast all sorts of information to everyone, but this information isn’t relevant or interesting to all of these eyeballs.

However, being a blogger with an online presence means that one can use multimedia such as writing, photography and video for the website. These media can be used to portray the same story in different ways.

The blog media offer numerous benefits over traditional media:

  • Speed: bloggers can post something about an experience on the day, and start attracting traffic immediately. Traditional media people have to write the story, submit it to an editor, wait for approval, and then have the piece published—a process that can often take weeks or even months
  • Using photography and video footage can show an experience, instead of telling it. Newspapers and magazines can’t do this. For example, try writing about an experience such as bungee jumping off a perfectly stable rock ledge for a 70 metre freefall. This video communicates the experience much more effectively.
  • You can create multiple articles from one trip. I normally do a blogging campaign for these press trips by producing numerous posts, with each one focusing on something different from the trip. The number of posts per trip varies depending on what I experience. As an example, I’ve created 15-20 posts for a two-week press trip, and scheduled these to publish over time.
  • The biggest benefit of being a blogger is that you can attract targeted, long-term Internet traffic that has an indefinite shelf life. For example, if someone is Googling “South African Adventure Travel”, you can be sure they’re specifically looking for information on that topic. Also, because people are specifically searching keywords via search engines, this means the traffic consists of people who are interested in these topics, and are therefore more likely to take notice of the information you provide. It’s laser-focusing for your content!

Now I’m going to assume you already have a travel-related blog, or a blog with a strong focus, so I’m not going to tell you how to write travel posts. Instead, I want to explain the techniques I’ve used to build my profile as a travel blogger with the organizations I’ve approached and had sponsor my trips.

Get started

I sell the above benefits of having an online presence, and promote what I can do for a company or tourist commission—and back it up with evidence.

For example, I’ve turned up to travel exhibitions in my town because there are usually tourism commission and other travel industry stands there. Then I start talking to someone at the stand, as they’re usually a public relations employee. This is how I scored one of my press trips.

Also, I use business cards and hand them out as they’re relatively cheap, and I’ve found they’re a great icebreaker.

On the press trip itself

I’ve often been the only travel blogger for most of the press trips I’ve been on—and that means I can be a writer, photographer, and video production person all at the same time!

However, the trips provide exposure to other travel-related contacts, which expands my network and opens up more opportunities—ironically—in traditional media! I’ve also received great feedback from these guys about how video can capture a travel experience so well.

Be proactive and follow up

I have followed up all of these press trips with a report that details the Internet traffic my reports have attracted, video views achieved, and Google Keyword positions for the organization that paid for my trip. Along with this information I include traffic strategies the organization might like to consider, such as Search Engine Optimisation (SEO), Social Media (Twitter, Facebook, Stumbleupon etc.), and so on. This all builds up a body of evidence for my clients, and an even strong track record for me.

Your blog is your advantage

Having an online presence can give you a number of huge advantages over traditional media.

I feel that the biggest advantage is that the Internet is quantifiable. You can provide clients or trip sponsors with traffic statistics, information on where traffic comes from, and even data on how long visitors stay on your site.

Getting on the first press trip is the hardest. But if you can demonstrate a track record of attracting targeted Internet traffic beforehand, your chances of scoring that first one will be much higher. And once you have that track record, you’ll be invited on more press trips! This is how your blog can create opportunities that lead to free travel.

If you’ve managed to score free travel thanks to your blog, what other tips can you add?

Anthony writes about the funny, offbeat and downright weird aspects of world travel today. For more information, you can visit his Facebook Page or

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