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Beware: Packaged Business Startup Products

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www.SteveBrowneDirect.comThere is a real attraction to purchasing a “business in a box” system. To someone who had never undertaken the journey of business creation before, it seems logical that the steps could be laid out for you and the ground plowed ahead of you to guide you every step of the way, for just a one-time fee of, say, $999.00

Think of all the time you’ll save and the headaches you’ll avoid if you don’t have to research and actually learn what starting a business is all about!

What you may be overlooking, however, are gigantic business creation problems and voids.

How is the seller’s motivation, previous business experience, knowledge, and lack of understanding about your specific business subject going to impact the fundamentals of your new business?

Here are the specific shortcomings I see in the typical pre-packaged startup products that I’ve reviewed:

1. What is the seller’s motivation? These products are designed, first and foremost, as a moneymaker for their owner. He sells you his system, makes his profit by getting your money upfront, and often could then care less whether you (his customer) ever make a dime.

2. Usually, the “cookie cutter” business that you’re buying is a one-size-fits-all model. OK, maybe you can make a few sales in the beginning, but soon the market becomes totally saturated for your product and there are no new customers looking to buy your offering.  How many startup packages has he already sold?

3. None of these systems take into consideration the business operating skill of the owner.

I know a very savvy business investor who controls millions of dollars in a private venture capital fund (for new business startups.) He once told me his philosophy on finding great startup companies to invest in was to “bet on the jockey, not the horse.”

I don’t know if that is good advice for picking the winner of a thoroughbred race, but I believe it can be applied to a startup business because so much of what happens in the business is directly related to the owner, his skills, persistence, judgement, experience, and ability to overcome challenges and obstacles in everyday business execution.

What was he saying? It’s this: the subject or topic of a new business is usually not as important to financial success as the skill and know-how of the operator.

My years of daily experience in small business development lead me to the very same conclusion. Some people just seem to know how to make business after business thrive … they have the Midas golden touch when it comes to making money.

Of course, it goes without saying that good businesses have to have products or services that are valued and in demand.

But the greater variable in business sustainability and profitability seems to be the skill and ability of the owner to successfully execute his/her operations.

4. Most business packages are doomed from the start because the purchaser is not given the tools and help needed to be a good business operator.

Enticing sales pitches thick with emotion appeal to the greed and laziness that exists in most people. These types of promises can be hard to ignore.

Let’s face it; we’ve all been fed the great lie about how easy it is to own a profitable online business.

It is that anyone can get rich very quickly by simply following some online system laid out for the owner who will then follow along and mindlessly reap huge financial rewards.

The underlying lie is disguised as “kick back as the cash rolls in.”

That just won’t happen.  Oh sure, there have been exceptions here and there.  But basing the success of your business on an exception is never a good startup strategy.

5. Here’s another pitch you see online quite often: “All you have to do to make money on the Internet is plaster your ad in front of enough people. Even if only a tiny percentage of them buy, the Internet is so massively huge, you’ll still make millions!”

Yeah, right . . . what a load of horse do-do!

Your ad can actually be sent to FFA’s garnering millions of forced hits and not one order will ever be executed. I know this happens all the time online.

Don’t be fooled by thinking in terms of the vast numbers of online shoppers all around the globe just waiting for your offer. Getting your ad noticed and acted upon is never easy and very often it’s quite expensive.

6. People with no business development experience or expertise create many of the packaged business systems.

Some guy reads some articles or books on starting a business, regurgitates a few points in his offering, and automatically crowns himself an Internet business guru. Beware of such and steer clear.

7. Finally, let me tell you a key component of small business startup success regardless of the business subject: most profitable online businesses (the vast majority, in my experience) are run by an owner with a very distinct and genuine passion for the subject of his business.

A successful gardening site on the Internet, for example, will most likely be run by someone who loves gardening – who eats and sleeps the business – and who would probably be considered an expert gardener by all those that know her!

The operator of a successful online business will have passion for gardening and would probably enjoy spending time in that hobby or pursuit even if she wasn’t getting paid to run the business.

Can you see why “canned” business systems and packages that dictate the subject (and niche) of your business will invariably fail?

If you don’t have passion for the topic, you won’t commit the time and energy your business requires, especially in the early lean periods that most companies experience!

If you don’t enjoy the subject of your business already, operating your company on a daily basis will become nothing more than a distastefully boring job.

Isn’t that what we’re trying to get away from?

 

If you don’t have passion for the topic, you won’t commit the time and energy your business requires, especially in the early lean periods that most companies experience!

Please understand that I’m not saying every “business in a box” product is a scam.  I can’t say that because I have not had experience with the hundreds of different products that are in the marketplace currently.

What I am saying is that you need to be very careful if you are planning on starting a successful Internet business with one of these products because they are not typically geared toward YOU or your strengths, abilities, desires, skills, or past experience.

To your online success,

Steve Browne

www.SteveBrowneDirect.com

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Consumers Love “How to” Articles, Ebooks and Reports

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It’s no secret really.  People buy “How to” information in every niche, sub-niche, and marketplace there is.  Why?  I believe it’s because the human mind is curious and always seeking to find a new way of doing things.

The reason I wanted to address this topic is simply because consumers search for, purchase, and read (or watch) “How to” information in their subject of interest without the usual apprehension and hesitancy that they might otherwise experience with a regular report, ebook, course, or video.

Consumers understand the structure and format of “How to” articles and reports.  They have seen and already consumed them often and I believe, subconsciously, they expect the format to provide them with the information they are seeking. They know that they are going to get a step-by-step or natural progression of instructions that will lead them from where they are to where they want to be.

Providing “How to” information to your audience can be the very basis of your business.  In fact, there are very popular services online like Lynda.com (recently sold to LinkedIn), Teachable, and Udemy that allow experts to offer courses of instruction to targeted prospects in order to teach consumers “How to” do various tasks and solve problems or fulfill desires and dreams in the consumer’s life.

If you are not offering “How to” information to your audience and subscribers, you should be!  The “How to” format or model seems to be universally accepted across all subjects and topics and it has some advantages over other alternatives.

  • “How to” information is relatively easy to outline, write, and publish.  As the creator of much “How to” information, I can tell you that it is a very intuitive and easy format to produce.  If you can create a list of steps in outline format, starting at the beginning and moving from one step to the next logical step through to the end of the sequence, you can create “How to” information.
  • “How to” information lends itself to all types of media … from articles, to short reports, to white papers, to infographics, to ebooks, to video, to audio, and podcasts, membership site content, and just about every other publishing format there is!
  • “How to” information allows the reader to quickly move through the information and spend more time on those steps that need further focus or less time on points that he has already accomplished or that he currently understands.
  • “How to” information is easy to “put down” and then come back to at a later time.  Steps can be checked off or highlighted as they are accomplished.  The information doesn’t need to be totally consumed in one sitting because the reader can simply leave the material and return later to continue progressing through the information until the end.
  • “How to” information lends itself to browsing and skimming.  It is an easy format to follow and to “pick apart” for highlights, key thoughts, important instructions, and quick consumption if that is the desire of the reader.
  • “How to” information lends itself to easy and enticing marketing.  Think about all the books and reports and articles you’ve seen over your lifetime that were titled “50 Ways to …” or “The 10 Best …” or “The Top 5 …”  Well, you get the picture I hope.  It’s easy to title your information and if you’re dealing in a marketplace of rabid fans and consumers, you have a ready-made template for your information.
  • “How to” information lends itself to lead magnets, teaser copy, summaries, and other snippets or shortened versions of the full “How to” information.  It’s very simple to include 1-3 ways, or steps, or tips, or tricks in order to entice the reader to want to see more … which can lead to a curiosity about the full document and process.
  • “How to” information can be published in many different formats (all at the same time, if desired) including on a blog, in a newsletter, in an email series, in membership sites, in books, reports, videos, podcasts … well, in just about any type of media there is!

Here are a few suggestions about how to find information and examples of this type of writing in your niche.

Go to Amazon books and look at the titles in any niche.  There is an excellent probability that some of the most popular books will include some variation of this format:  “101 Ways to ______________.”  or  “10 Steps to _____________.”

Try all of these descriptors:

  • Ways
  • Steps
  • Ideas
  • Secrets
  • Facts
  • Things
  • Reasons
  • Basic
  • Rules
  • Tips
  • Best
  • Popular
  • Easy
  • Tricks
  • Hacks
  • Little know
  • Undiscovered
  • Brand New
  • Amazing
  • Fool proof
  • Proven
  • Professional

Well, hopefully you get the idea of the various ways of setting up your “How to” information steps and instructions.  There are many more things you might say to introduce what you are going to “teach” or expose in your information.

The Internet is the perfect vehicle for sharing your knowledge, your expertise, and your instructions if you desire to base your business on providing information to consumers in your niche.  It allows anyone with an Internet connection and a little bit of technical savvy to record and publish their “How to” material so that it can be presented to millions of people across the globe!

The Internet plus your valuable “How to” niche information can become the basis of a home-based business that will provide a very nice full-time income for its owner.  It’s a tried and proven business model that anyone can dive into!

To your online business success,

Steve Browne

www.BusinessEmpires.com

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Membership Sites – When is This Business Model Effective?

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www.SteveBrowneDirect.comI believe there are natural and logical reasons to have a membership site (also called a subscription site or continuity site) based upon the needs and desires of your audience and the niche you are in.  Subscriptions or recurring payments are not the best model to choose simply because you would like a monthly income stream you can count on.

Private recurring payment sites have been around for quite awhile. Most are set up with membership site software or plugins that perform the magic of keeping non-members out while still allowing paid members access to all the content, downloads, and other resources offered by the site owner. Some premium software packages include lots of additional capabilities like a community forum, image gallery, built-in emailing, affiliate program, member profiles and other bells and whistles.

Costs for a membership site will vary significantly depending upon the complexity of the site, whether the software is self-hosted or hosted remotely on the vendor’s servers or in “the cloud,” and other considerations. You could pay a one-time fee of $25 for a WordPress plugin to build your membership site or $997/month for a hosted enterprise solution. There are even some “free” alternatives; but I normally wouldn’t recommend them because they often place vendor ads and limitations on your content pages.

Good subscription software is set up to handle recurring payments, new member set-up and welcome, lost password recovery, dripped content (which is scheduled content which appears on a pre-set time schedule), emailing to members, ways for members to interact, downloads of digital products, product payment transactions, automatic monthly billing, and other features all without a lot of site owner intervention.  Having said that, don’t assume that membership sites are “hands free” solutions that handle all the owner’s daily tasks – far from it.

Be aware that membership sites can be set up for a specific number of weeks or months or they can be set for unlimited recurring periods (typically months) into the future until the member requests to leave and have his payments stopped.

Membership sites are often touted as the best business model on the planet! Why? Promoters say they are easy money. The pitch goes like this: “You sell a membership once and stand to gain monthly additional payments (in theory) forever.” What could be easier, right? But people who promote the membership model in this way often don’t mention one huge downside. Most membership site owners will tell you that the average member only stays with the site for 3 or 4 months and then they quit. To be honest, I have never seen any valid or certified stats to confirm the average online membership length (if there is such a thing), but what I have shared is what I have heard from a number of successful membership site owners that I know personally.

Some membership site owners keep their average member much longer than 3 months.  Obviously, there are a number of factors related to average length of stay (sometimes referred to as “churn” – the process of signing new members to replace current paid members that leave).

Some members will attempt to join a site, download everything, then either request a refund or quit the site after the first month’s payment. To combat this “hit and run” behavior, many membership site owners will “drip” content over time so that a member only gets specific pre-determined content each month … he will not have full access to everything all at once.

What does this turnover mean for the site owner? Of course it means that the owner must be constantly replenishing paid members that leave if he wants to maintain his/her monthly income from the recurring payments. He must constantly promote his site for new subscribers.

In order to combat this attrition or turnover, some site owners offer fixed one-time pricing for a set period of time or year long (or greater) membership terms at a good discount in order to persuade new members upfront that they should join at the lowest price available and stay for the duration of the period.

I believe that the best way to keep members for longer periods is to make the site experience a very user-friendly one, make the price very reasonable (so the cost-benefit ratio is outstanding), and deliver benefits (content, interaction, downloads, site features, customer service, etc) that are unique and highly valuable in the eyes of the members. Think about it … if the content and experience at the private site is relevant to the desires of the member, and if all the benefits are unique, highly prized, and not to be found elsewhere … why would the members want to leave?

Long standing members will be those who are highly targeted to the niche of the site. Rabid and fanatical members who love the subject of the membership site will be the core element of the membership program. It’s why some niches don’t really lend themselves to this business model – the people in the niche are luke-warm about it or they are only casual participants. You want avid, “converted,” and life-long nichers that are in this marketplace everyday if possible.

So what kind of niches and member audiences lend themselves to the membership business model?  I believe that membership site platforms are a logical solution for these situations:

1- A niche where there is ongoing and important news, events, happenings, changes and the need to contact members with ongoing updates. Examples of this type of niche would include a stock market advisory service or a daily discount site where new offers come out continually.  Members can visit the site whenever and as often as they like for the latest news!
2- A niche where there are a ton of downloads that will be of interest to the members like a cooking site where new recipes are given or a sewing site where there are lots of patterns and advice (instructions) to consume.  With the membership platform, the owner can give members access to a huge amount of information and let them choose what suits their fancy and when they want to consume it.
3- A niche where the members would like continual on-going training or help in learning a new skill or mastering a process. Examples might be a site that gives ongoing tutorials of Photoshop tips, or a site offering guitar lessons, or a site on how to run your small business or an on-going series of different yoga exercises.  Many of these sites use video tutorials to show the members how to accomplish things.
4- A niche where a particular skill or hobby is a passion for the members – it is an important part of their daily lives and they want to stay abreast of everything about the niche. Examples might be serious runners, professional photographers, genealogists or scrapbookers.  Skill and hobby sites are often “hangouts” for their members who come to both learn and engage with others in their niche.
5- A niche where professionals or serious participants might gather as part of an organized group, like an association of local business owners, a local charity, a club, a group of drama enthusiasts, or a volunteer organization.  The membership site is not for just anyone – members gain access because of the credentials or their current employment or service status.
6- A niche where the impetus is on community and the social side of membership. Such groups like local senior citizens, Harley Davidson motorcycle owners, cruise ship travelers, trailer and RV owners, etc, often come together at membership sites to gain new friends, talk about their common passion, exchange useful consumer information, and share their own experiences in the niche with other like-minded people.
7- A niche where there is a monthly (or at least steady periodic) need to provide information or a product.  You’ve seen services and web sites of this type – “Book of the Month Club,” or “Weekly Games for Moms with Active Kids,” or “Song of the Day.”  It makes sense to gather a private audience into a membership site in order to deliver regular periodic treasures or products that are meant only for paying subscribers.

There are surely other reasons to have a membership site as well. What I’m suggesting is that certain niches and types of audiences lend themselves to subscription sites better than others. This is where the business model (membership platform) really shines.  Without a membership platform, think of what a business person would have to spend in time, money and energy to gather a audience of (say) 1,000 people, subscribe them to the service, keep monthly payments coming in, keep up constant contact with them, and provide content, engagement, assistance, products and marketing.  The automation of the membership platform allows the solo entrepreneur to manage all of these things from his software dashboard and still keep his sanity!

Here’s a caution:  I don’t think just extending the offer of one product after another to your audience is the way to run a subscription business. It’s not a reason, in my opinion, why your members will keep coming back to the site. Ditto for worthless general and “found anywhere online” information like rehashed PLR content. Consumers don’t like to be continually sold, day after day, and they will see through your “membership” idea if all you do is hammer them with dubious paid offers under the guise of a niche community.

Another caution is this:  sometimes consumers come online to find a specific solution to a curable problem.  If that is the kind of information you offer, a membership site is probably not right for you.  Once the problem is fixed, or solved, or cured . . . then what?  Why does the site member need you further?  What else do you have to offer that he is passionate about?

TIP: Even though you may currently not have a subscription site, it’s time to think about offering a private membership  when your customers and prospects begin asking for “premium” content or they want access to a higher level of what you have already given them. When the niche information on your blog or at your web site is not enough to satisfy some customers, or maybe they want direct help or access to you and your brain, then the natural extension of a blog site or information business is a paid private membership site with more in-depth premium content that those willing to pay will enjoy. Coaches and mentors can often benefit from giving this added help based in a membership site.

I think it is a gamble to go to the effort of setting up a membership site if you first don’t know whether there is a real interest in what you’re going to offer to the niche participants. Do some focused targeted online research, listen to your audience, ask them if they would like to see a members only area and if they would be willing to pay for it. I hope this all makes sense to you.

To your online business success!

Steve Browne

www.stevebrownedirect.com

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A Power of a Strong Call-to-Action

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www.SteveBrowneDirect.comMarketers have long understood the value and importance of a strong and powerful Call-to-Action (CTA, for short).  It’s not enough to simply present an offer and leave the final decision on what to do to the prospect.

The CTA is actually a command, a motivation to take some action, and an invitation to take another step in the sales process.

Successful marketers understand the power of guiding the prospect toward making a purchase once the sales offer has been presented in full.

I would like to offer some ideas or suggestions on how the make you next CTA a more powerful sales agent.

First, be sure that your CTA is direct, specific, and detailed enough that there’s no question about what action you want the prospect to take next!  Credibility and believeability are important so think about using any supporting material you can think of . . . like statistics, percentages, endorsements, testimonials, etc.  Your prospects will see you as a more credible marketer when you use supporting data and facts that make your case stronger.

Second, coupons, sales, and freebies can be a part of any CTA.  They usually increase the perceived value of an offer.  They often motivate people sitting on the fence and not able to make a decision.  A flash sale, a one-time coupon, and even quantity discounts can be just what a CTA needs to move a non-committing prospect.

Here’s an example:  instead of simply ending your sale page with “Click Here” or “Buy Now” . . . you might want to say something like “Get this Free training that has been increasing my sales conversions by 50% this past month!”  Or something similar – be creative and come up with your own hot idea to add value and power to your next CTA!

Third, add the principle of urgency to your CTA.  Many would-be purchasers are in a hurry, a rush, or are anxious to get on with life.  If you don’t give the prospect good reasons to buy now . . . he probably won’t buy at all.  But here’s a caution – most marketer’s overdo this principle and insult the intelligence of the buyer in the mean time.  We all hear many marketing messages on every form of media telling us that we have to act fast before the offer is gone forever!  People see right through fake or false urgency and when they do . . . often they feel manipulated and not inclined to buy from this merchant.

If there is a buying deadline, tell prospects exactly what it is (i.e. Friday at 10:00pm Eastern time.)

Instead of saying “download your free copy” of something, provide a specific number or quantity that will be available.  You might say it this way:  “Hurry, there are only 25 copies being given away!”  It’s important that the marketer follow through and be truthful about the CTA happening as stated.  Don’t give away 50 copies if you said you were going to give away 25.  Be honest and up-front as some people will check to see if you are good for you word!

Fourth, be sure to make the CTA simple and uncomplicated.  Only promise one offer, one gift, or one solution at a time.  Too many results complicates the CTA and sometimes confuses the buyer.  If you want to add additional “goodness” to any offer, do it after the fact (for example, on the download page or as a “surprise unannounced bonus.”  It’s best to keep the CTA short and hard hitting.

Fifth, only give one command in the CTA, otherwise you stand a good chance of making it boring and not so urgent.  Don’t ask the prospect to do more than one thing – like visit multiple web sites, remember multiple facts, or take a series of actions.

Sixth, make the CTA stand out!  Boring, run-of-the-mill, vanilla or “lazy” CTAs don’t cut it these days.  We are all bombarded with hundreds, even thousands of marketing messages each day and it is easy to a prospect to filter out or ignore bland CTAs.

Often the design or graphical elements used in the offer’s CTA can make it really pop and be something that is difficult to ignore.  It can grab attention and direct a prospect to take quick action.

There is a big difference between a small narrative link that is black and says “Click Here” compared to a large red button, a pretty model pointing to it, and a CTA that entices the prospect to “Download 101 Tips Guaranteed to Triple Your Online Sales.”

Seventh, be extremely clear and straightforward in “commanding” the prospect in whatever action you want him to take next.  Remember, one action only per CTA.  Make the CTA easy to understand, easy to execute, and easy to justify as being the next logical step in the buying progression.

Eighth, keep track of all your CTAs and split test them so that you can compare their performance based on facts rather than hunches!  It will pay you dividends to track how well various CTAs perform and keep a swipe file on hand so you can use the best ones over and over in your marketing.  Just use split testing and keep all other variables of the offer constant.

I hope these eight suggestions will make sense to you.  Crafting a powerful and valuable CTA is not really a difficult thing.  CTAs can make a noticeable difference in your marketing results so don’t underestimate their power!

To your online business success,

Steve Browne

www.SteveBrowneDirect.com

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