Improve Profits With Innovative Business Ideas

Filed Under (Business Success, Home Business, Online Profits, Small Business) by Kevin Sinclair on 30-11-2008

Innovative business ideas are key to sustain and improve your business profits. This ability is needed to stay ahead of competition even as competition responds to the ideas that you implement. How do you keep generating these ideas?

1. Involve in Activities to Trigger Your Mind

Take a walk, go for a swim or read something that will get your creative juices flowing. Just sitting at your desk may not work. Albert Einstein used to day dream in the park. Thomas Edison used to go fishing.

It seems like the mind works best when it is allowed to relax doing something else. Then somehow, it is able to come up with ideas relatively easily as compared to if you sat at your table and tried to force them out.

2. Apply Constraints Last

When generating innovative business ideas, it is important to allow the ideas flow spontaneously. Focus on volume first. Do not worry about the cost, skill or the effort required.

If you applied constraints as you are generating ideas, you will have a tendency of not listing out all possibilities that you can think of.

Only after listing a whole list of ideas, then think through them and prioritize them. Then start looking at the cost, skills required and the effort. How can these be managed in way that the initiative will be profitable.

If the first one does not look like it will be profitable, then move down your list and pick one that will. Any more good ideas left can be filed for future use.

3. Involve Your Staff

Sometimes, the people who carry out the operations are aware of some things that you may not be aware of. Involve these people to generate innovative business ideas.

Brainstorming with the staff will provide you additional ideas that you could use.

The important point about this approach is that your staff will be much more inclined to carry out ideas which they were involved in developing.

4. Do Not Be Afraid to Fail

Having new ideas brings along with it the necessity to implement them. Some people freeze even before they think of any ideas because some previous ideas have failed.

If you fear failure, then it is tough to scale greater heights in your business venture.

Accept that you will fail at times, but there will also be times when you will succeed.

Thomas Edison apparently failed 10,000 times before he got the light bulb working. J. K. Rowling submitted Harry Potter to more than 5 publishers before one decided that it was worth publishing.

You can be assured that the best have had failures. They are but a way to know what doesn’t work.

5. Keep Learning

Learning cannot be restricted to just what we learned at school. It must continue beyond that.

It will, of course, include learning in the area of your business. It should, however, include also learning in other areas. Sometimes, ideas come from an experience in life.

The Internet provides information in a wide variety of areas and is also one place where you can get a lot of information.

Generating innovative business ideas is a must for businesses to stay competitive. Not a question of choice. Try it out if you have not. You will enjoy it more than you think, and be very motivated when some of the ideas start succeeding.

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Decision-Making for Good Leadership

Filed Under (Business Success) by Kevin Sinclair on 27-11-2008

Decision-Making is of prime importance for good leadership. Generally it is thought that a good leader takes all decisions and they have to be the best.

In this modern age it is impossible for one person to take all the decisions and for all the decisions to be the best. There are too many unseen variables and too many people involved in implementation for a leader to take all the decisions and for them to be the best ones.

However, understanding the types of decisions and the people involved in making them can help the leader to manage the complexity of decision making. The factor that makes decision-making easier and the types of decisions are given below.

Decisions are Data-Based

A good leader makes decisions based on data, which is analyzed for patterns of information. The information is then used to make thought-through decisions.

While it is true that you cannot know everything, doing an analysis of available data about a predicament will, nevertheless, lessen risks of failure.

While all decisions need to be data-based, there are at least four different kinds of decisions.

1. Paradigm Decisions

Paradigm decisions are those which provide guidelines for decision-making for all people in an organization or team. Decisions such as: Having a smoke-free organization, having a non-discriminatory people policy, etc. are paradigm decisions. They help team members and leaders to take the right decisions when they are faced with a dilemma

Such decisions need to be made with the involvement of everybody. The consensus process is a very useful methodology to make such decisions.

2. Policy Decisions

Policy decisions are necessary to provide for resources and official permission for the operations of an organization.

For instance if the Performance Appraisal Process needs to be reviewed, then a couple of policy decisions need to be taken. A decision needs to be taken to set-up a committee which will analyse the existing process. The different teams in an organization need to volunteer a representative to become members of the committee.

The management team needs to allocate money and time for this team to function and come up with an insightful report.

All decisions that are taken to ease the functioning of the teams are policy decisions.

Policy decisions are taken in a participatory mode with the involvement of everybody who will be involved in the execution of the task.

3. Procedural of Functional Decisions

Procedural decisions are taken by a few people who will be carrying out the plans/policies/goals of the organization or who will be impacted by the decision. These are decisions that will help implement a process.

For instance, outlining the procedure of recruitment and selection in an organization, is a process of detailing the actions that a team will take when they follow this procedure. It will also detail the actions to be taken if there are exceptions.

4. Structured Decisions

Structured decisions are taken by individuals who are directly executing the plans of the organization. These decisions are informed by the data available to the employee, the procedures/structures that have been put in place, and the knowledge of the policies and paradigms of the organization. The decision-maker could be the CEO or the security guard at the gate.

Understanding the kinds of decisions, the number of people who need to be involved in taking them, provides the leader with a confidence to take decisions - sometimes alone and sometimes with others.

This will also give the leader the confidence in the decisions of his team members - as they are taken with an understanding of the values and procedures of the organization.

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How to Optimize Email Opt-In Pages

Filed Under (Email Marketing, Internet Marketing, Online Business, Promotion) by Kevin Sinclair on 25-11-2008

Making email opt-in pages more effective is most important yet all too often overlooked and forgotten task of a company’s marketing agent whose job is to increase sales through email contacts. Design and presentation of the opt-in pages determines the quality of email lists and the rate of company growth in addition to meeting or raising subscriber’s expectations. All of these in turn lend a helping hand to the desired email performance.

The first and foremost step toward maximizing the opt-in pages is to entice and persuade recipients of the emails to complete and submit them. The second step is the task of designing the opt-in page.

Drawing visitors into the company’s website is an important goal but once there, visitors should be persuaded to sign up by going to the opt-in page. The path to that page, therefore, must attract attention to itself by being clearly and attractively visible and links to the opt-in page should appear on the Home page as well as on all the other pages on the company’s website.

The website should offer an easy and friendly environment to its visitors by displaying promotional boxes as side bars, plainly announcing the existence of its e-newsletter, links to navigation areas should be legible and apparent and the language used on the website must be known and understood by the general public and, of course, the average visitor.

Assuming that there is enough space for it, promoting the most recent e-newsletter along with its link on the company’s website Home page is a good idea. An effectively functional website contains a “Knowledge and Resource Center” where articles and back issues of e-newsletters are kept in chronological order for visitors to browse through at will. The link to the opt-in page should be included here as well.

Since the sole purpose of the opt-in page is to convert as many readers as it can into signed up subscribers, the design, structure and layout of the opt-in page should be similar to the landing page and it should radiate confidence, value and reliability. Links to sample e-newsletters should be included so that the interested readers will get an idea what they are signing up for. A small screenshot displaying the e-newsletter is not a must but it can most certainly help. A list of positive testimonials from other subscribers of the e-newsletter in a pull-down format could prove to be a beneficial selling point.

There is no such thing as a free lunch nowadays. Thus it is important to remember that when readers finally decide to subscribe and relinquish their well-guarded email addresses, they expect something of at least equal value in exchange. This is the key reason for displaying images, providing samples and reader testimonials of the e-newsletter right on the opt-in page. “Email only special deals” are nice added bonuses that will be appreciated by subscribers and goes a long way toward promoting the company and its products. Such “email only” offers can also increase the number of subscribers which in turn will increase sales.

A brief statement or disclaimer must be visibly displayed near the “Submit” or “Send” button along with a link to the company’s detailed privacy policy that will fully explain, among other important points, the e-newsletter frequency, format and content. In addition, a confirming and welcoming email must be issued as soon as an opt-in page is submitted.

In designing and structuring the opt-in page, it is crucially important that the form does not require too much personal information, yet it is equally important that it asks for as much information as is needed for the company’s present as well as future marketing and sales strategies. It is advisable to distinguish between mandatory information and optional information and mark those distinctions beside every field by using different colors, asterisk or actually spelling it out. A programmed script should be included within the opt-in page to check for syntax errors. Furthermore, to reduce possibilities of making typing errors while entering the email address, two consecutive but separate fields should be provided. The minimum required fields should include first name, last name, email address (twice) and format preference, while the optional fields could ask for secondary email addresses (also entered in two consecutive but separate fields) and various demographic details.

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How to Move Your Blog to a New Hosting Service

Filed Under (Info Publishing, Online Business, Online Profits, Social Marketing, Web Site Development) by Kevin Sinclair on 23-11-2008

From time to time it’s necessary to pick up and move your blog or site from one hosting service to a new one. There are a variety of reasons for this, for example:

* perhaps you found a better deal elsewhere, more bang for less buck.
* perhaps your old hosting was inadequate, had poor service, or no service, or you just outgrew them.
* perhaps you had a huge traffic spike (”digg effect” or your product launch was a crazy success) and the host told you to get lost.
* maybe your host was bought out and the new host just wasn’t up to snuff, or any number of other reasons.

Moving a blog isn’t quite like moving a static HTML site. A basic HTML site you can just upload to the new host, a blog or more complex site will have databases and scripts and other things that need to be tied together. Fortunately, that’s not a hard thing to deal with.

If you are moving from a linux/unix server to a windows server, or visa versa, the procedure may be a little more awkward given the differences between those systems. Your tech support people should be able to help you through any rough spots there.

First off you will need to have the nameservers of your new host available. Get them from your new host, they will look like ns1.YourNewHost.com and ns2.YourNewHost.com.

When your move is finished you go to your domain name registrar, enter your account, find a section that says something like “update nameservers” and fill in the blanks. Once the nameserver change is accepted it will take anywhere from a few hours to a couple of days for your new site to properly appear.

If your new host uses a system that is compatible with the old host then the new host might be able to access the old site and move all your settings, data, databases, scripts, etc., over to the new account. For examnple, if both hosts use “cpanel” the new host will easily be able to move all of your data.

If your old host kicked you off their system, for whatever reason, or if your new host can’t access the old one, then the old host should be able to provide a total backup of your site. This backup will contain all the logs, data, databases, and everything else that was part of the site. They will roll it all into one file and provide you access to download it.

The you simply upload the entire backup file to your new host and they should be able to install it with no problems.

Moving a blog is very much the same thing. A complete backup of the one site can be moved to the new host, installed, nameservers changed, and your blog will be up and running in a couple of days.

Another option, if all you want is your database, is to start fresh on the new host and upload that database. You will get all your old posts and settings back and you will be back in business.

In the control panel of your old host there should be a section where you can handle your database functions. In cpanel it’s “phpMyAdmin.” In this area you should be able to find a section that will let you export your database. In cpanel you select the database you want on the left menu, then there will be an “export” link on the top of the right panel.

When you export the database make sure that everything is selected and that you download it as a file to your hard disk. (You should do this regularly, anyway, as a backup procedure.)

Next you log into your new host and create a new database. Make note of the name of the new database, the username, and the password, you will need them later. Enter your database control panel and import the database backup that you made.

Upload your blogging system to your new host, but don’t install it. Find the configuration file, in WordPress it’s wp-config.php, though you may have to start with the wp-config-sample.php file.

Open up that file in a text editor (NOT Word or any other word processor. Use Notepad or something like it.) You will see fields to enter your database name, username, password, and host (which will likely be “localhost.”)

Make sure that file is saved as wp-config.php, then upload it to your new host. If you’re using something other than Wordpress you will have to change a different config file, but it should be a similar process.

Now set those nameservers and once they “resolve” then you should be able to see your site, up on the new host, just as it always was.

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