Bidding For Buyers---Lessons From The Auction Block

Written by Jerome Chapman


If you think that E-bay has nothing to teach you, think again. It doesn’t matter much that you aren’t inrepparttar auction business and that your website is entirely different in scope. What matters is thatrepparttar 106884 first place phenomenon ofrepparttar 106885 Internet Revolution is E-bay. Its evolution is not just as a profitable e-business but a new culture of society. The lessons learned at E-bay might just get you offrepparttar 106886 surfboard and onto that ship you have been waiting to come in. This on-the-edge idea broke ground out of a humble Silicon Valley apartment into a reality model of more than 10 million registered users and sales torepparttar 106887 tune of more than $100 a nano-second. In other words, while you spent ten seconds reading this sentence, they sold $1000 worth of merchandise. Yes, E-bay has something to teach us all. For within their model are lessons you can learn and adopt in your own business, no matter what your business is.

Practicality dictates a certain model in order for entrepreneurs to achieve success. Until, of course, a titan in thinking comes along to blow that model to kingdom come and put in it’s place a new paradigm of thinking. Enter E-bay. Enterrepparttar 106888 non-conventional. But enter, ready to learn.

The Courage of Ideas- E-bay started out as an idea inrepparttar 106889 brain of someone not so different than you. One man, in an apartment got a creative inspiration that he turned intorepparttar 106890 biggest reality of successrepparttar 106891 Internet has yet to see. What does this tell us? That it can happen to you. I’m sure thatrepparttar 106892 idea had its obstacles to overcome before it ever arrived at its current glory, but through persistence became real. Ideas have power once we fuel them. Believe inrepparttar 106893 future of your ideas and surround yourself with people that can support and nuture that belief.

The Journey With Out A Roadmap Some business journey’s are not byrepparttar 106894 book, complete with business plan and a clear vision of its destination. Many ideas evolve, change, and grow through continued inspiration and perspiration. This isn’t to say thatrepparttar 106895 business plan is not important, but rather that flexibility is. Be ready to take a new road whenrepparttar 106896 one you’re started down is not achieving your vision. Realize that this isrepparttar 106897 evolution of an inspired idea.

WALMART AND THE RULES

Written by Bob McElwain


Recently Kevin Pine shared an argument he uses with clients in his site design business. It goes like this.

Picturerepparttar greeter in WalMart stores,repparttar 106883 one that gives you a warm welcome, offers you a cart and a flyer announcing specials forrepparttar 106884 day. Suppose this person was directed to turn aside every tenth person who entersrepparttar 106885 store, saying, "Sorry, we don't want your business today." Then asks them to leave.

If this were repeated throughout all stores, WalMart's bottom line would drop. One might guess by 10%,repparttar 106886 number of people being turned away. Butrepparttar 106887 drop would be considerably more, for costs of salaries, inventory, general overhead and such would remain constant at least inrepparttar 106888 short term. Thusrepparttar 106889 drop might exceed 20%

No successful business is likely to try this "new" technique, for it obviously would lead quickly to bankruptcy. Why then do so many webmasters apply similar methods with such determination?

A Partial Answer

Anyone who has ever created anything, be it a bookcase, a novel, or a website, knows how difficult it is to be objective aboutrepparttar 106890 results of efforts largely driven by our emotions. Since we created it, we even embrace flaws we recognize. For to do otherwise might mean discardingrepparttar 106891 result and beginning anew.

To succeed, a writer must discover what people want to read and a pleasing way to present their content. That is, they find a way to satisfyrepparttar 106892 needs of their customers. Else success eludes them. The same is so of home builders, musicians, and shopkeepers of all kinds. It is also true of webmasters.

The Lack Of A Reality Check

If you open a brick & mortar business, up front costs must be expended. Andrepparttar 106893 on going monthly expense begins immediately. Profits must soon cover, else you go broke. Each day you total your gross, subtract a percentage for overhead, and quickly determine how much you can tuck into your pocket.

Except that start up costs are minimal,repparttar 106894 above applies equally to an online business. However, many choose to ignore these realities. They can afford to do so for a considerable period of time, becauserepparttar 106895 overhead on a website amounts to pocket money. Since they do not have to payrepparttar 106896 rent or for new inventory, they can avoid facingrepparttar 106897 reality of impending failure almost indefinitely.

Solid Guidelines Are Absent

One ofrepparttar 106898 problems all webmasters face isrepparttar 106899 lack of uniform guidelines. In opening an offline business, you have ample resources available that pointrepparttar 106900 way to success. While many also apply to an online business, specifics aboutrepparttar 106901 Web are lacking.

Many come torepparttar 106902 Web determined to do their own thing at any cost. Go for it, if that's your wish. But to succeed, reverserepparttar 106903 emphasis. Do what your visitors want inrepparttar 106904 way they want it done.

First Comes A Flawless Site

If your website is not closing sales or achieving its purpose, as in generating leads, then fix it. Else pack it in. This isrepparttar 106905 reality of offline marketing lacking onrepparttar 106906 Web. Offline, shutting down will soon be forced upon a failing business. Online, valuable time and dollars are wasted in sustaining a site that does not getrepparttar 106907 job done. Since we are not being hounded by bill collectors, we continue with some vague hope things will somehow magically turn around.

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