Online Business Success – Why Internet Traders Now Succeed in All Markets

Surviving and Growing in Any MarketAmongst news of businesses closing and people being laid off there is almost always the good news that turnover of internet businesses is holding up well. This success has nothing in common with the bubble and hype of the 1999 – 2001 dot com boom. Here are the key reasons why online businesses survive well in any market.1. Limited start-up costs.There is no need to invest millions in market research or take out a crippling bank loan. Despite the global reach of the internet, a “newbie” can do market research and start an online business within hours for just a few dollars, using only a basic PC, an internet connection and a clear plan. Some forms of online business do not even need a website or even a customer list.2. Limited ongoing maintenance.Having set up a online business, anyone trading online can let the systems take care of contacting prospects, supplying services, billing and taking payment. Many of the most successful online traders just send out a few new messages to their client base each week, and spend the rest of the time thinking up new ways to repeat their successes, or plan new places to visit. If businesses are set up right at the beginning they can be left to run themselves, sometimes for years at a time.3. Unlimited growth potential.With the global reach of the internet everybody in the world becomes a potential customer. Far from the market being saturated, thousands of new internet connections (and therefore new potential customers) are being added every day. Furthermore the client base of an online business can be contacted again and again with new products to try or be offered solutions to new problems. Therefore the possible permutations of new products and new clients are literally infinite.4. Businesses strategies can easily be transferred across markets.Skills and techniques that are developed in one business are not restricted to that sector. Business that sell books, find places to live, or sell airline tickets seem totally different from each other, but they all do very well as online businesses. The easiest routes for beginners do not need the online trader to handle physical products, but once the systems are up and running there is nothing to stop the online business from developing in any direction its owner chooses.5. New markets are opening all the time.As more and more people go online, they get used to buying online. And just as the potential marketplace for the online trader continues to grow so the number of products and services that can be bought and sold online develops to match this exploding marketplace. It would be unwise for anyone to predict a market that will not be affected. In fact areas that seem least suitable to an online world are sometimes the ones that can use the power of computing to analyze and process facts the best of all.6. Digitalization applies across every sector.The common factor in all products that can be sold online is the use of digital technology. We have known for decades that computers are brilliant at handling complicated arrangements of “0”s and “1”s at incredible speed. Now with ever-increasing processing power and bandwidth there is no area of life that cannot be represented and communicated online globally at the speed of light. There is no reason why this digital representation of fact, business or art cannot be sold or licensed to a worldwide audience or be used as a portal to trade physical products.7. The “Bricks and Mortar” world can benefit as well!At an early stage in the online revolution there were two main theories: (a) that online trading would kill off real world shops and businesses, or (b) without a physical presence to add credibility to a virtual business almost all online business would vanish in the same way as hundreds did when the dot com bubble burst. We know now that major supermarkets sell food online, builders offer their services through the web and travellers can take a virtual tour of their holiday hotel and destination. There are almost no bricks and mortar business that cannot tap into the internet market, whether for a simple directory listing or as a vital sales outlet.The Need For An Online BusinessThe challenge of the online trader is not to assess how viable it is as a business medium. The vital issue is how to exploit the global online marketplace, and how to set up a business that will be robust and capable of fulfilling its unlimited potential.

iPods and Podcasting for Learning and Sales Enablement

The Corporate Podcast PushWhat do Duke University, IBM, Capital One, Newsweek and Barenaked Ladies all have
in common? Answer: they are all reaching out to staff, students, and customers with
a new and powerful tool – podcasting. You may have heard about podcasting from
your kids or on the news, but podcasting is much more than some phenomenon
started by the rock and roll or techy crowd. Podcasting is a powerful communication
tool being used to reach global and mobile audiences, save people time and, most
importantly, really connect with their audiences in news ways – in today’s
communication/message glut. But let’s take a look at what podcasting is, who is
using and why it is so effective for both business and individuals.First, we’ll look at the size and scale of the podcasting phenomenon…– A recent study by the Pew Internet and American Life Project found that more than 22 million American adults own Ipods or and MP3 player and 29% of them have
downloaded podcasts or listened to podcast that have been “pushed” to them. That
equates to 6 million people listening to podcasts. Market researchers and analysts
continue to buoy up podcasting’s future with latest figures suggesting a US
audience alone of 56 million by 2010.– Jupiter Research recently predicted that US digital music player sales would
grow to 56 million by 2010, up from 16.2 million in 2004 and by 2010, three-
quarters of all people who own portable digital music players will listen to podcasts,
a growth from less than 15% last year.What is podcasting?Whether you describe it as the greatest communication tool since email, or as an
RSS feed for audio, podcasting is a way to “push” audio content to subscribers for
virtually zero cost. Podcasting allows anyone (me, you, IBM, or NBC) to post audio
content that gets pushed to any subscriber’s desktop and then directly to their iPod
or MP3 player. This is global. Anyone, anywhere can “tune in” to your podcast and
learn what you have to offer or say. You don’t need to be NBC with a global
distribution infrastructure. Now people can “subscribe” to a podcast and have new
content “pushed” out to them without them having to surf the web, download MP3s
or burn CD’s.Ideas/Stories/Voices ? Audio/MP3’s ? Internet ? PC ? MP3
playerAll the arrows go in one direction. Once someone has subscribe to your podcast,
your content get “pushed” out to them. There is no turning in to stations with
podcasting. You don’t have to visit a website to find streaming podcasting. Podcasts
show up (pushed) when new content is produced. If you are a subscriber, you get
the podcast right then. All you need is an Ipod or MP3 player of any kind for
listening, thus the word podcasting.The term “Podcasting” is derived from the iPod (Apple Computer’s popular device
for playing compressed audio files) and “broadcasting.” Podcasting allows for audio
files that would have been previously downloaded and played on a personal
computer to be automatically downloaded and listened to on portable music playing
devices (such as the iPod and other MP3 players).Having originated in the world of blogging, some have even referred to podcasting
as “audio blogging.” For many, podcasting is a logical next step from blogging. As
Business Week Senior Writer Stephen Baker observes, “The heart of the podcasting
movement is in the world of blogs, those millions of personal Web pages that have
become a global sensation. In a blogosphere that has grown largely on the written
word, podcasts add a soundtrack.”Now that you know what a podcast is, let’s look at where they come from: who is
producing the “pushed audio content.”Who is producing podcasts? The answer is wide ranging. Teenagers, techies and rock musicians were early
adopters. Today you see the likes of Rush Limbaugh, Business Week, ESPN and news
programs of all types producing, distribution and marketing podcasts. The number
of podcasts available is growing at a very rapid pace. In late 2004, there were close
to 500 podcasts available. Today there are over 10,000 different podcasts to choose
from.Now that podcasting has becoming more mainstream, corporate and non-corporate
organizations are getting into the act, using podcasting to connect with customers,
students, staff and partners. Here are some examples:– Duke University handed out iPods to their entire 2005 freshman class so they
could receive podcasts that included university news, class work and social content.– Capital One University has handed out over 3000 iPods to support corporate
training and communications. This includes, leadership training, sales, customer
service and other topics.– IBM has created podcasts to show their thought leadership to customers
investors and prospects.– Keane Inc. has handed out over 100 ipods to their global sales force to share
training, customers’ stories and organizational content.Why have these and other organizations gotten into podcasting? They have gotten
into it because they know their audience (whether internal or external) is inundated
with text-based content: emails, articles, the web portals, and marketing messages.
Podcasting allows them a unique medium to reach and connect with their audience.iPods will be part of Duke University’s new Duke Digital Initiative (DDI). “We’ve been
focusing on iPods and other mobile computing, but our wider goal is to integrate
technology broadly into the teaching and learning process,” said Peter Lange, Peter
Lange, the university’s provost and senior academic officer. “The iPods have helped
jump-start this process, and we plan to keep pushing ahead.”Listeners love podcasting because it delivers rich content directly to them, in a form
that allows them to save time, control what they hear and listen to while
commuting, working or whenever it works for them. No longer is learning tied to a
book, PC screen or web portal.Content is still king in any communication, especially recorded podcasts. Podcasting
is the delivery tool. Compelling content ensures continuous listening and not a flip
of the power switch or turn of the dial.Should you podcast?Podcasting is not answer to all your learning and communication problems. As great
as audio is, like any medium, it has its limits. While audio allows users to multi task,
it is not easily scanned – which means you consider the listeners needs very
carefully. You must provide value.Corporate podcasting is different that individuals or media podcasting. The
standard for a corporate podcast is much higher than for individual or media. Your
staff and customers expect certain from your communication with them. You can’t
just offer long-winded rants, self serving commercials or cute content. It is all about
value. When producing that value, ask yourself; who and how will you produce your
podcast? Who will review it and how? Will you get it transcribed? There are legal
issues to consider as well.Despite these issues podcasting can be simple. Once you have determined your
format and established a process the whole process gets much easier. Still
podcasting takes a proactive effort, a planned approach, creative development and
the courage to try new things. But if you have the courage, and are willing to put the
front-end work into it podcasting and mobile audio can provide huge benefits. If
you would like to:– Reach a global audience– Connect with that audience in a new and effective ways– Save your audience time– Share the passion, experience and stories of your business…try podcasting – it works!© 2006 Tim Keelan, StoryQuest Inc.