Showing posts with label Businesses. Show all posts
Showing posts with label Businesses. Show all posts

Local Marketing For Small Businesses - Build Your Online Business by Helping Others Be Found Online

Marketing locally for small businesses is the best way to help others while building your own online business. I first did this in 2006 when a family member was having difficulty getting his handyman business up and running. I had just been online for about six months at the time, and I watch for about two months as he spent hundreds of dollars for a small advertisement in the local newspaper, and went door to door in the heat of the summer, leaving his homemade flyers on people's doorsteps.


He did get some calls that turned into jobs for him, but at the end of two months he had worked more than fifty hours each week and had earned less than two hundred dollars per week. At an average of four dollars an hour, I could see that it wouldn't be long before he decided to give up his dream of having his own business and returning to the work force. He was in his fifties, and the recession was just beginning to take its toll; my guess is that he would have had a hard time finding work that paid him more than about eight dollars an hour.


I offered to start a blog for him.

He had heard of blogs, but didn't read any or know much about it. I set up his blog using the Typepad blogging platform. I wrote two paragraphs every day about one of the things he could do as a handyman - installing and repairing kitchen and bathroom faucets, hanging pictures, installing ceiling fans in rooms that were prewired, and hanging interior doors. For each post I included a picture. This improved my blogging skills at the same time.

Then I went to a forum and signed him up. It was free to do this, and I completed his profile and wrote a little about what he could do. It turned out that the forum was very good for SEO (search engine optimization), so when I used the name of his city and the type of work he could do it showed up on page one of Google. His blog posts soon showed up on page one as well.


The rest, as they say, is history. He is still in business today, and receives more calls than he can handle. He refers the extra work to two other handymen in his city. Instead of having to close down his business during the worst recession in recent history, his business is thriving because of local marketing. My business has grown as well, and now many of my students are doing the same thing for clients where they live.


 


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Affiliate Businesses

Affiliate business has gained a lot of popularity especially in recent times. Affiliate business is related to the internet and comprises of a marketing technique through which the affiliate is awarded for each customer or visitor created by his marketing efforts. Affiliate businesses can be termed as an industry where exist a number of individuals and companies involved in a form of internet marketing.


Internet marketing is mainly done through the network of affiliates, affiliate management companies, affiliate managers, third party vendors and people involved in promotion of the product. According to marketing experts, affiliate marketing often overlaps with other forms of internet marketing techniques. This is mainly because the affiliates bring into usage several advertising methods conventional to both forms. These marketing methods mainly comprise of email marketing, search engine optimization, display advertising and paid search engine marketing.

The affiliates also bring into usage several unconventional forms such as reviews of the products and services offered by the manufacturer.

Affiliate business uses a website for driving the desired amount of traffic to the website of the client. This is the reason why affiliate marketing is often also an overlooked technique by the advertisers as they mostly depend upon conventional techniques state above. Irrespective of the less popularity of affiliate marketing it plays a significant role in the marketing strategies of e retailers.


Compensation plans under affiliate businesses: Several types of compensation plans are found under affiliate business. The compensation plans can be divided into various headings.


Predominant methods: This category of compensation plan is the most popular and widely used one. It is estimated that about eighty percent of affiliate businesses out there bring into usage methods belonging to this category. Some of the most commonly used methods under this heading include CPS or Cost per Sale covering more than eighty percent and CPA or Cost per Action covering nineteen percent. The remaining one percent brings into usage other methods like CPM (Cost per Mile) or CPC (Cost per Click).


Fewer or diminishing methods: It should be noted that less than one percent of affiliate marketing programs bring into uses the CPC or CPM methods. The above stated methods heavily depend upon paid search and display advertising. The CPC methods was very popular in earlier days, but has lost its shine mainly because of the increasing number of frauds related to the method. This is very similar problem to the click fraud faced by most of the modern search engine in recent times.


On the other hand CPM method requires the publication of advertisement on the website of the publisher which can be used by the visitors. Thus, the amount of commission received by the publisher mainly depends upon the number of visitors directed though the advertisement. This process is different from the Pay per Click methods as it involves additional methods of generating revenue for the publisher. Thus, the visitor should not only be aware of the advertisement but should also click on the advertisement for generating revenue of the publisher.