Archive for the 'Blog' Category



Work Smarter with Adwords

Here is a freebie strategy I use all the time.   Seems obvious but quite often gets overlooked.

This is the most simple way you can increase sales online whilst decreasing costs (over the medium to long term).  It’s the Adwords Long Tail Strategy.  Simple, quick and effective.

What to do after running your Adwords campaign for a period of time (say 3 months):

  • Do long tail analysis of impressions.  (How? get keywords, total impressions over time period, graph)
  • Find the head of the graph
  • Target those keywords via seo
  • Cover the rest with adwords

Results:

  1. Decrease acquisition costs by gaining visitors you already know convert
  2. Increase traffic.

I have increased traffic at organisations whilst decreasing their acquisition cost by up to 75% with this simple strategy.

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July 31st, 2008

Thought vs Action

Take a look at this graph.

  • The curve x+y represents the theoretical sum of attention / time / work.
  • We all shift up/down the curve.
  • If you follow from left to right suggest you are more strategic in your approach.
  • Follow right to left you have a more emergent strategy.
  • The curve shifts up/down due to external pressures (ie stress, day job)

Trouble for entrepreneurs is quite often they spend too much time at the left. (suffering from lack of action)

They need to find their sweet spot.

What is the right mix of thought and action? to get the desired results.

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July 29th, 2008

Microfunding

Here’s an idea.  A free one.  Take it and run with it.

Microfunding.  Microspends.  Micropayments. Whatever you want to call it.

Take the concept of the long tail and apply it to spending online.  Imagine the long tail of ‘small purchases’.

You could blow this wide open.  Here’s $0.05 for that interesting pdf on your website.  $0.10 for the youtube video i loved.  $0.25 for that podcast that entertained me for an hour.

Doesn’t sound much does it.  But imagine that 1 in 100 of your fans is a loyal fan whom will contribute $0.10/view.  Now 10,000 regular visitors translates to: $10/day.  Soon adds up.

Current ad rates ~$1cpm.  Equates to: $0.001/visitor.  If you could convince on average every visitor to contribute $0.01.  Increased revenue 10 fold!

Ok.

Now imagine you are the company that facilitates all these micropayments.

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July 27th, 2008

Commanding Time

How much time do you command?

For example since launching this blog

I have garnered:

59,746 seconds of attention or 991 minutes or 16 and a half hours of focused attention.  Wow!

What would you pay for 16 hours of focused attention from the influencers in your industry.

I’ve paid:
1.5 hrs / week
a morning setting up this blog
a few hours preparation.
Maybe 20 hours all up.
Now imagine over the long run as my audience increases.  My investment remains relatively flat.

Look at that return on investment vs that fax flyer campaign you just paid for.

Oh, something else, Interaction! I have received 13 comments, 20 or so emails.  Compounds things a little.

What is that worth to you?

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July 24th, 2008

They get it

Him get it. (Band)

417,000 friends on Myspace

214 videos on Youtube, millions of views

Fan Club that fans actually want to join (and pay for)

Extended dvd’s and limited artwork for die hard fans

Limited dvd releases that are actually limited

I can see why Him are so successful. Can’t you?

Marketing is more than advertising.

In fact advertising takes up the smallest component of my marketing strategies…

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July 22nd, 2008

12 Hour Startup

What is a 12 hour startup?

From idea to prototype within 12 hours.

Simple.

Why?

Relates to simple ideas that can be executed quickly.

Downside/risk virtually zero.

Potential upside > 0. Profitable.

Commit to a 3 month trial.

Close if crap.  Expand if good.

Underlying theme? give it a go, 1000 12 hour ideas are probably going to yield at least 10 (1 in 100) good ideas that will last.

I’m happy to give up 12 hours every week for something like this.  Even 12 hours/month cool.

Idea: Take this concept and apply it to your business.  Can your team come up with some new product ideas / extensions and go from idea to concept within 12 hours.

Background: the 12 hours business I have been throwing around for some time, and it’s been thrown around enough to be blog proof.  Have some case studies in the works.

Update: Follow up post on the 12 hour startup here.

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July 20th, 2008

I fail lots

Well, I do…

At least 2 – 4 times / month

However

I also learn 2 – 4 things / month that don’t work

I only recently realised that

I have become so accustomed to failure that I bounce back virtually instantaneously

Weird

but awesome! this means I am willing to give anything a go.

Chances are the cost of doing it outweigh the cost of not doing it…

plus every now and again i come up with something brilliant!

this blog being one of them ;)

so go ahead

try some crazy ideas, fail lots and win sometimes.

(believe me, you’ll soon forget the failures, learn the lessons and win overall!)

(and you’ll get better at minimising risk and limiting the downside)

(oh and once your no longer afraid of failure the world is your oyster)

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July 17th, 2008

What are you doing all the way down here? You could:
- View my about page
- Or for first timers the New Here? page
- Or maybe email this to a friend
- Or subscribe to get blog updates