Posts Tagged ‘early’

Facebook Business Plan

Sunday, April 10th, 2011

If you are launching a new startup business you have undoubtedly been advised to write a business plan. Most consultants and coaches will convince you to write a business plan before you even think about starting a business. Well we all know that Facebook has been the most successful startup in the world over the past 5 years, so it only makes sense to look at Facebook’s business plan. Wait… did Facebook have a business plan? I think it is clear that Mark Zuckerberg didn’t sit down and write a 50 page document, it probably looked more like this:

1. Be Cool – Facebook wanted to be cool. In fact, according to the movie “The Social Network” Mark Zuckerberg was afraid that advertisements early on in the life of Facebook might squash the cool factor and effectively kill their momentum as one of the world’s fastest growing companies. So for as long as possible Zuckerberg refused to include advertisements on the website in order to keep the cool factor that attracted millions of college and high school students during the early years.

2. Gain Eyeballs – Step number two in the Facebook strategy was simply to gain as many eyeballs for as long as possible. The team focused on building an infrastructure that kept users on the website for minutes even hours at a time. They made the website so addictive in a sly way that users don’t realize that they were playing right into the hands of Facebook. The more time you spend stalking your friends on Facebook the more opportunity for advertisers to catch your attention and get you to click on an ad. So be cool, and gain eyeballs.

3. Innovate – The last piece of the Facebook business plan is simply to innovate. Facebook changed the way that friends and family connected, but they became truly innovative when they changed the way that businesses connected with each other. Mark Zuckerberg has been known to tell his team to Fail Big. You have to fail big if you want to create innovation that can change the world.

That is the Facebook Business Plan in a nutshell. In 2011, many innovative web-based startups have the exact same strategy. If you are a web-based startup and you don’t have a written plan, do not despair, you might be able to simply borrow from Facebook. Good luck in your startup ventures!

I am the Founder and CEO of ExecutivePlan. We help startup entrepreneurs write more powerful business plan executive summaries in order to raise capital. If you think your startup is the next Facebook, make sure to visit us at http://www.businessplanexecutivesummary.com and take our free quiz titled, “Is Your Startup the Next Facebook?”

Article Source:

http://EzineArticles.com/?expert=Adam_Hoeksema

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Geo-Marketing As a New Business Marketing Tool

Saturday, August 7th, 2010

Geo-Marketing (or Geographic Marketing) is a new method of marketing a business and its website through web searches, mobile searches and social media. As you can see, the geo-marketing tools being used are digital and through the Internet or Mobile devices.

While geo-marketing’s definition is the association of data and maps in the traditional sense, the added convergence of local business listings, mobile marketing, and social media makes this method of marketing more powerful than ever before. This marketing tool is no longer just a large business marketing tool, but is available to small and medium size businesses too.

We should define what we mean by local business. A local business is any sized business dependent on the local consumer for its revenue. This means you could be a national company like Home Depot, U-Haul, or Best Buy or you could be a local florist or independent store only known to your local geography.

From a technical standpoint an Internet user’s IP address is tied to GPS data, like longitudes and latitudes, which are mapped with technology to geographies around the world down to the city and street level. While all this data may seem overwhelming, the good news is that most businesses do not need to concern themselves with this part of geo-marketing. Many of the tools already have all of this information built into their software or hardware technology so we can stay focused on how we will use geo-marketing tools.

The difficulty with any new marketing tool is a business’s inability to adopt the methodology early. When it comes to technologies and the Internet, in the past, by the time most businesses are ready to adopt a marketing tool, the industry has already moved on to something new. Being an early or at least an earlier adopter of marketing methods on the Internet and through digital devices can only benefit the business.

We have seen many signs over the past two years regarding the evolution of geographic marketing. When companies like Google, Apple, and the investment community of Wall Street start to put $100 million and more behind a technology it will become part of our daily lives whether a business wants it or not. Consumers have and will be using more of these geo-marketing tools to find businesses, services or products near them.

Let’s take a look at the three main tools that consumers are using to find businesses, products or services close to their geography.

1. Web searches are the first and most obvious, however, these are web searches in which a map displays with targets the businesses that match the search criteria. Unlike the traditional yellow pages, these geo-listings (a.k.a. Local Business Listings) can be claimed and updated with your business marketing information in order to meet these search criteria.

While this may sound relatively easy, geo-listings also include: consumer reviews that need to be managed; the clean-up of duplicate listings; coupons; offers; discounts; videos; photos; citations; QR bar codes; and, hyper local websites. Understanding what to start with and how to strategically use these components can be done by a professional marketing firm that specializes in this area. You can read more about these components in one of our previous articles on our blog.

2. Mobile Marketing is the next most significant geo-marketing tool in which SMS Texting, Mobile Applications, Mobile version of your website, and Mobile advertising are your key components. The starting point in this process will be with SMS Texting to get your alerts out to customers that subscribe to your short bursts of information. The reason why this is your starting point is that it will take time to build your list of subscribers.

3. Social Media Marketing continues to evolve and is, also, geographic in its targeting ability. Consumers are using Twitter, Facebook, LinkedIn, Wiki sites, Four Square, Instant Messaging and other social community tools on their mobile devices. While they use it mostly to find businesses, products and services, in the social communities they are seeking recommendations from their friends (near and far). They are, also, using these social communities to post their experiences with a business, product or service. For this reason you have to monitor the social communities in order to embrace any potential problem situations and work with them.

These three geo-marketing components are important to any business size – large or small – and each have their own sub-components that need to be well understood in order to succeed. Understanding the strategy amongst them; the acceptance and embracing them early; and, finally planning on a 3-year return will put you on the right path of geo-marketing.

Certainly your time resources are limited and Geo-Marketing Services are provided by SmartFinds Internet Marketing. You will find this to be of great benefit to your time resources and the low cost service may eliminate your yellow page ad costs. Let the experts of over 16 years Internet marketing experience help you use this local business marketing tool properly and prevent brand security issues from occurring.

SmartFinds Internet Marketing is a Internet marketing agency providing strategic solutions to businesses to use all aspects of the Internet for the marketing objectives. The creativity and imagination from SmartFinds helps to apply the technological aspects of the digital marketplace to the marketing objectives of a particular business. Initial research provides SmartFinds the ability to develop a digital strategy that can be measured every step of the way to insure business growth and revenue generation. Some of SmartFinds’ clients have included Delphi, Flagstar Bank, Guardian Industries, Soave Enterprises, Detroit Convention and Visitors Bureau, McCann Erickson, Wendy’s and others. You can learn more about SmartFinds at http://www.smartfindsmarketing.com.

Article Source:

http://EzineArticles.com/?expert=Melih_Oztalay

See the article here: Geo-Marketing As a New Business Marketing Tool

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CrankyGeeks Episode 172 – H.264 Version

Wednesday, July 7th, 2010

Today’s Guests:
Sebastian Rupley, Co-Crank, Editorial Director, PCMagCast.com
Molly Wood, Executive Editor, CNet
Garnett Lee, Executive Editor, 1Up.com

The Topics:
Steve Jobs Gets Liver Transplant, Returning to Apple
Single Mom Gets $1.92 Million File Sharing Bill
FTC Targets Bloggers and Their Freebies
China Squares Off with Google Over Porn
iPhone 3G S is a Huge Early Success

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See more here: CrankyGeeks Episode 172 – H.264 Version