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Thursday, 20 October 2022
ESSENTIAL MARKETING& INCOME BUILDING STRATEGIES
The Concept
Before starting
out with this eBook, we need to know what the terms surrounding rich marketer
and poor marketer. This will help put everything in perspective. In today’s
terms, a rich marketer is someone who has access to different resources and
utilizes them. A rich marketer is someone who knows what it means to run a
successful business and is able to cater to the market in the wisest manner. The
rich marketer understands the importance of money and at the same time does not
flinch from making an investment, either in improving the quality of the
product or in promoting the product to the market, because it is the promotion
that will bring in more money to do bigger stuff.
In essence, a
rich marketer is a person who knows what the market is all about and gives it
what it wants. This helps the rich marketer to continue on the path of progress
and go ahead in business pursuits.
So, where does
the poor marketer falter? The truth is that the poor marketer has access to the
same resources that the rich marketer has, but the problem is that the poor
marketer does not know about them. The poor marketer delves in ignorance, like
the proverbial frog in the well.
The world has
undergone a drastic change in the 21st Century. Like in the feudal ages, the
world is no longer divided into ‘haves’ and ‘have-nots’. The demarcation is not
so simple at present. Today, the distinction is between the ‘knows’ and the ‘know-nots’.
The people who know how to implement the methods that they have access to and
the people who do not know about these methods, forget their implementation.
This is what is creating the divide between the rich and the poor today.
If you are
reading between the lines, you will understand that the world of today has
resources for everyone. Everything is there for everyone to use. But, not
everyone is using those things in the way they should.
This is what we
are going to see in this chapter—the divide between the rich marketer and the
poor marketer. We are going to see what inspired us to come up with this
concept. We will also see how the reality is true, in any age, but it is only
the surficial aspects that tend to change from one age to another.
Where
the Idea Stems from
With a plethora
of information on “get rich quick” ideas and “self-help” aids, it is easy to
wonder who we should listen to and who to ignore. Robert Kiyosaki of “Rich Dad
Poor Dad” fame and a founding member of the Elevation Group is one of those
people who when they speak on a subject are worth listening too. Why do I say
that?
He has sat
where so many of us are currently sitting. In the current economic climate,
with so many questions about whether or not any business or investment
decisions we make will actually make or lose us money, he has already trod the
path of indecision. He, like most of us, has sat facing unpaid bills and the
pressures of an income cannot sufficiently cover household and family expenses
and has learned how to turn things around. He has learned how to use the
economy to make his wealth.
His
approach is not a simple get rich quick scheme, but a planned and focused
approach to using the tools already in our hands to create a future that many
can only dream, Education is the key to open this door of opportunity.
Reflecting on the past, learning about trends and
using them to gain valuable insights into the present and future is the
approach Robert advocates. As we do this in business and in our personal lives,
we can turn around our financial affairs and reap the same rewards he has
achieved in this process.
Many of
Roberts’s books have achieved bestseller status. He is a highly regarded in the
business world and as an author who has helped countless ordinary people
achieve their dreams of a better future. His websites and blogs detail the life
choices that confronted him, to either stick with the status quo or see gaining
wealth as something negative or to seize the opportunity and use the current
economic climate to find a better way of dealing with the resources and assets
at his disposal.
Robert chose
this path and the result is “Richer Dad,” an innovative approach to helping
people make choices and decisions. Robert uses the education approach to help
people take charge of the financial planning of their lives and businesses. His
online websites and EBooks provide free resources to help guide readers to make
personal choices that will benefit them as they seek to decide how to invest
money safely.
This is a guide
for those who are in business and who are seeking to use online marketing as a
tool for their business success. The book describes the importance of creating
a niche-marketing environment. It explores the common problems people make in
online marketing and will assist you to identify your personal business niche.
You will learn how to achieve an effective marketing strategy for your unique
niche and how to use the proven Richer Dad principles to achieve dominance in a
highly competitive market place.
Kiyosaki’s
Financial Precepts and Effective Marketing
Robert
Kiyosaki, the author of Rich Dad Poor Dad, is a popular name all over the
world. He is an American, a fourth-general Japanese American, to be precise. He
has written several books, all in the financial niche, all of them designed to
be motivational and self-help books, intended to take people towards the path
of progress in their business. He is known for his keen financial insight. Most
of his advice stems from his own precepts. He tells people of the many ways in
which they can achieve financial liberation while managing their own
enterprise.
Kiyosaki does
not differentiate between the different ways in which one might carry on their
moneymaking tactics. He does not tell you to become a businessperson or an
investor or a marketer. Instead, he tells you what you must do in order to
attract wealth doing whatever you are doing. That is what makes him a special
author.
He has special
views about the concept of marketing though. Though Kiyosaki has not spoken
about marketing directly in any of his works, but his perceptions are all
clear. He says that if you intend to have a great rapport with your clients, if
you want to grow your business, then the one way in which you can do that is by
increasing your network. When your network is expanded, you can tap into it to
make the most of your business.
This does
require some effort though, and that is the reason why everyone is not into it.
It takes special expertise as well. That is what separates the successful
people from the not-so-successful ones. Proper networking is needed to reach
out to a niche, which is where the real business prospects lie.
The Rich Marketer Poor Marketer Concept
Kiyosaki’s
model is universally applicable. Our intention here is not to refute or
criticize this model, but to see how well it applies to the world of marketing
as it stands today. Marketing is an entirely different ballgame—you may feel
that it is so different from the individualistic approach that has been used in
the inspirational book—but if you scratch the surface, then you begin to see
the similarities.
In
this eBook, our focus is going to be on a few important points
1. We are going to
see what it is that makes marketers rich today. Yes, we must admit that we have
a special fondness for Internet marketing, which is the way the whole world is
going right now. The best way to become rich at present is by being an Internet
based marketer, because that is what people can really use, at an individual
and at an organizational level, to take them to higher realms of their
potential.
2. Secondly, we
are going to see that there are so many different things that these rich
marketers do not wish to tell their poorer counterparts, which in this case,
are the people who have just started out and have still to carve a name for themselves
in the Internet marketing world. It takes time; nothing is achieved without an
effort, and there are many secrets that are keeping the goodies from them. In
short, what are the different things that are making the rich marketers rich
and are depriving the poor ones of the resources that these rich marketers have
access to?
3. The third
aspect of this eBook is the possibility. Even if you are counted as a poor
marketer at present, there is no reason why you should not climb the ladder and
go higher. You have the access to the same things that the rich marketers have,
only maybe you are lacking in the knowledge and information about it… so here
is your source to make the most of those things.
4. The most
important thing that you would need is the change of the mindset. You have to
shun the thought of debilitation from your mind. There is no reason why you
cannot go higher. Everyone started out somewhere first, and in the marketing
world, age is just a number. It does not matter what age you are… you can just
go all out and popularize yourself immensely in the marketing world.
When Is a Niche Not a Niche in
Marketing
One of the most important things that you need to know about being a
rich marketer is how to tap into your niche. Your success depends on that. You
need to know where your target customers are, and if you are able to focus on
them, you will be building on your prospects. That is the real truth; there is
no other truth beyond that.
That is the reason
we have decided to clear the air about the concept of niche here. You need to
know where your special forte is and you have to play to their needs and
interests. In fact, this is what will make you really popular and bring the
people to you that you need to promote your business to.
At the same
time, you also need to be clear about the misconceptions of niche. There are
marketers who have an illusion of what their niche is. They think something is
a niche when in fact it is an asset for someone else. Having a precise idea
about your niche is what can help you to succeed in your business.
When
Is a Niche Not a Niche in Marketing
“Survival of
the Fittest” is not merely a topic for discussion in a science classroom. In a
competitive business environment, only the business that is able to
successfully market itself and its products and service will survive. Weaker
ones will simply lose their customer base and eventually go into liquidation or
bankruptcy. This is inevitable.
The
Need of the Niche
To gain a top marketing
position and remain there, it is essential that the focus be narrow and the
commitment to be best be determined. Without this approach, focus can become
too broad and it becomes easy to spend time and money on too many things, none
of which will provide the competitive edge the business needs to survive. By
creating a niche market focus, not only does a business define a place for
itself and its products and services, but it is enabled to take advantage of an
existing market for that niche.
Many businesses that
promote a product or service believe they have a niche market, because of what
they are seeking to sell or provide. While this is true to a certain degree,
the focus may still be too broad for the marketing strategy to be considered a
niche. A true niche is not only the product or service being sold, it is also
about the target audience of the advertising campaign. Advertising strategies
are specifically pitched to customers who already are interested in the
products and services on offer and actively searching to purchase or use them.
Most businesses
market a large range of products to broad groups who may or may not be
interested in what is being offered. Business strategies are often developed to
advertise to a much broader potential customer base. By narrowing advertising
strategies through a niche approach to marketing, valuable time, resources and
money are not wasted. No matter how well advertising is presented, much of this
style of advertising will only translate into a modest increase in customer
numbers.
By focusing on the niche
approach to marketing, the conversion rate of traffic to customers is much
higher than for those businesses that focus on a broader marketplace. The added
benefit for those who enter into the niche market is smaller market competition
to contend with and therefore a greater opportunity for faster success.
Finding your
niche is the key to successful marketing and in the remaining chapters, we will
focus on how to identify your niche and how to market products and services to
potentiate sales profits. This approach to business also frees the business
owner to be passionate about their product or service with people who are going
to be interested in it. The niche market is already an interested audience for
advertising campaigns.
Niche marketing
has the potential to give a business immediate online marketing success. Robert
Kiyosaki explains why
“The only way
one will create wealth is to understand that wealth comes from us not to us.
Wealth is a reward for services rendered. That is why you must help and truly
give value to others and that’s when you will attract people and wealth. If you
focus on a check you will make just a living but if you focus on relationship
you’ll make a fortune.”
Niche marketing takes this principle and
potentiates it in the business environment.
Identifying
Your Niche
When you have
realized the importance of a niche for your business, you will understand that
there are various things that you need to do in order to identify it. Your
niche is the narrow area where your business will focus on. It is the green
pasture for you… the little area where you have the most lucrative prospects to
take your business ahead. This is the area where you know your business has a
demand, and hence the prospects are high. Instead of promoting your business to
the whole wide world, just concentrating on this little niche market really
makes sense, because here even if you market to only a 100 people, there is a
chance that more than 80 people will view your business favorably, because you
have already tapped into a market that is interested in you.
Let
us discuss some methods in which you can find your niche
1. One of the best
ways to get your niche is to follow your hobby or passion and convert it into a
business. This is a very easy thing to do and it will mostly come naturally to
you because you are already knowledgeable about your hobby and it could be fun
to promote something that you are already excited about. So, if your hobby is
fishing, you could start a business about something relating to fishing, such
as maybe making and selling fishing rods. Who is your niche in this case? Your
niche is all the anglers of the world.
Doesn’t it make
perfect sense? When you are a hobbyist yourself, it is easier for you to get in
touch with the other anglers of the world. You know where they hang out, you
know how to get in touch with them, and you know what will arouse their
interest. In this case, you are a part of the niche, you are not apart from the
niche. It helps you to have a clear focus about what you are going to do and
that can certainly help your business prospects.
2. You can also
find a niche by finding a specialized area of an existing market. Take this
example. The cell phone market is a huge market. Now, if you think of getting
into the cell phone manufacturing market, that is a very huge task that you are
planning to take up. Are you confident of meeting the demands of this very wide
market? That is certainly a tall order! Then, suppose that you are able to
narrow down your market. Instead of catering to the entire cell phone using
fraternity, you decide that you will focus on a part of it. You decide that you
will specialize in making cell phones for students only.
In that case,
you do not have to go too far. You only have to take a look at the needs,
requirements and preferences of the student community and you create devices
for them alone. You are not interested in the other users of cell phones and
what they are looking for because that does not form a part of your niche market.
You only want to get in touch with people who are part of your niche.
Naturally, you
will be able to produce more sophisticated products because you can do research
on what this specific market needs and you will be better equipped to provide
it to them.
3. Another way to
identify a niche is to find out a shortcoming or a lacking in an existing
market. When refrigerators were first invented, they were made of wooden or
metallic bodies and they did not have the rubber lining that they come with
presently. Due to this, these refrigerators were immensely noisy and definitely
not a pleasure to use.
Some smart
cookie understood this shortcoming in refrigerators and then thought of a
method to eliminate the noisy nuisance. Thus, the rubber lining was invented. You
see the point… this was an add-on, something that was a failing of a previous
product and now it has become a complete industry in itself.
Maybe you
should take a look around as well. There are several products out there that
need some kind of finesse. Also, there are several services out there that can
do with some better planning. You do not need a scientific mind for that.
Haven’t you sometimes, after using a particular product or service, felt that
if you had designed it, it would have been better? Now is the time where you
can use all these ideas and opinions and create a niche for yourself…
likeminded people like you who are also looking for those very things that you
purport to give to them and make some money in the process.
4. Something that
is the need of the hour could be an excellent niche for you to deal with. There
are so many things that are lacking in the world that we live in. You should
have a keen eye for finding out about those things. Then sit down and think—why
are those things lacking? Can you do something about it? Can you provide people
with any solutions there?
In such cases,
it might be required for you to up your skills a little. You might need to
learn new things. You might need to invent something even. But do not let that
faze you. The biggest marketers of the world, the most successful people, are
those who have identified some unsatisfied need in the world and then provided
that to people.
5. Create a need.
This is perhaps the most difficult way of finding out your niche. It will take
the greatest amount of creativity and effort. But, you can do it if you are
given time. What did Bill Gates do? He created a niche, he created a need. He
created a whole new niche of people who wanted to use computers. And that
created a million sub-niches of its own.
You will need
oodles of talent and inventiveness to develop a niche by creating a need. But,
you should start by thinking about a new product… a product that will benefit
humankind in some way. You may have some ideas on that already. There are a lot
more people with such ideas than you might think. If you have something in your
mind, do not nip it in the bud. Think about what you can do to implement it,
after you have carefully assessed the worth of that idea. If you are sure, then
you can go ahead and think about building on your concept… and creating a need
in the process.
If you want to
really shine in your business, transition into becoming the rich marketer, then
you need to develop a unique niche approach to your business. Every marketer
right now needs to have a niche—we have already established that fact in the
previous chapter—but to really stand out, you will need to have a niche that is
unique.
Your niche must
be just your own. That helps you build a stronger hold on the market because
you do not have a competition. This kind of monopoly might be difficult to
achieve, but once you have done it, there is no stepping back. There is nothing
that can deter you from going ahead.
Building
a Unique Niche Approach to Business
If you are already in
business, you may already have a reasonable idea of what your unique niche
already is. Most people enter into business, whatever its size, because they
have an interest in the product or service they are selling. Perhaps you have
qualifications within the industry your business operates or you have
previously sold products and gained experience with the produce you are now
selling yourself.
Your niche is
the primary product you are selling and the secondary products are those
products that support the primary product. If you do not have a primary
product, then your primary product should be the product you are currently
ranking as your bestseller with customers.
If you are
reading this eBook with the intention of starting your own business then
consider the products or services that already have your personal interest.
Investigate which of these are already in high demand with prospective customers.
If you remain undecided about your business focus, choosing the product or
service already in demand, will provide you with a potential niche focus.
Knowing which
product or service to sell is at least in the early stages of developing a
business, the easy stage. The important point is not to grow your niche too big
too quickly without having identified the niche group to market it too. Most
businesses fail by trying to expand too quickly and without the customer or
client base to support the expansion.
When determining how to
market the niche, it is tempting to take advantage of all the Internet
marketing tools and develop strategies more focused on optimizing a website for
search engines in the hope of attracting new customers. This temptation may
attract traffic to your website, but it is not necessarily going to mean those
visitors will become customers who will remain loyal to your business.
When we remember, the role
that developing relationships play in building wealth potential, it is easy to
understand why statistics show that the best way to increase business is to
develop relationships with your existing customers. This approach to customer
service, contributes to customer loyalty to your products and services. Their
word of mouth recommendation of your products and services will attract its own
traffic.
Building a
niche focus group does not mean not implementing optimization techniques to
build a broader customer base, but rather encourages the resources and
financial assets be directed towards an already interested market base. This
enables the business to reward customer loyalty and build on existing
relationships, rather than constantly needing to build new ones to maintain
sales and profits.
Robert Kiyosaki
has described the importance of this service relationship approach to creating
a customer niche. He highlights the principle that “wealth is a reward for
services rendered!” As businesses provide products services to their customers,
and customers recognize that they and what they want and need are the business
focus and not just profit, they will return continuously and will bring other
customers with them.
How
Big Should Your Niche Be?
This is an
important question that needs to be answered before you can plan anything
concrete about your business. All your business-related activities—planning
strategies, creating a plan for your business promotion, hiring people to work
for it—will depend on the size of your niche. If your niche is very narrow, you
will probably require only a few resources to bring it to fruition, but if your
niche is huge, then you will probably need a large number of resources to make
it happen.
That is the
reason why you have to think about the size of your niche. Maybe you could
begin by making a fair assessment of the kind of resources that you have at
your disposal. What is the budget you have? How many people are working with
you? What is their expertise? What are your qualifications? What eligibilities
do you have? And, most importantly, what are the visions that you have about
your business?
These are the
questions that you should ask yourself and get good answers to when you are
planning on the size of your niche. You need to make sure that you select a
size that works for you—a size in which you can fulfill your business’s goals
and ambitions.
Moreover, there
is one very important thing. Whatever business you start with, one day you will
need to expand it. At that time, you will want to widen your niche. That is
why, even if you are choosing a small niche now, make sure that there is scope
for growth. Your niche should be able to grow when you are ready for it. Will
you be able to implement techniques that will help you find more people to add
to your niche, and hence aid you in growing your business?
The preliminary
planning that you make for your business is what dictates its future. At the
same time, I should tell you not to be too reserved and restrained in your
thinking—there is a lot you can do if you visualize and plan hard. So, let
yourself loose!
What you do
with your chosen niche is a very important deciding factor for the way your
business goes. Every business has a niche, whether they realize it consciously
or not, and it is the niche that they cater to that matters the most. Now,
every business has a different niche as well. That’s the reason no two
businesses can implement the same kind of marketing strategies. You will need
to have an air of uniqueness about your marketing methods, just as your
business niche itself is unique.
Here, pay close
attention to this uniqueness factor, which is what can take businesses to the
direction we want them to go.
In addition, in
this chapter, we are going to discuss the popular marketing strategies that
rich marketers use today. These are the secrets that rich marketers won’t tell
their poor counterparts, because they can do without the added competition.
However, what they do not realize is that there is place for everyone. If you
help others in the online world, they will help you too.
Marketing
Strategies and Your Unique Niche
Why Do You Need a Unique Niche?
Today, the main
mantra of any business is that it needs to have a well-defined niche that is
its own. This is what helps it get an identity and establishes it in the
industry.
Consider two
credit card companies. Both have approximately the same features and are
competitors of each other in a way. They are doing similar business as well. At
present, both companies are working with the same niche. Then, one of the
credit card companies goes ahead and introduces special cards for students.
This special student credit card has features like milder credit checks (which
helps students because they do not have a credit rating yet), a lower spending
limit (which helps students because they can manage their expenses better that
way and ensure that they do not run long bills) and a low interest rate. Due to
these features, this company wins over the trust of the student niche. Almost
overnight, it overtakes its rival and its business improves.
This is an
example in which a specialized niche can help your business. But let us take
this example further.
Now, in order to still
focus their attention on a closer niche, the company offers some incentives to
African-American students who want to take their credit cards. The niche
becomes more concentrated now. These students go all out and order their credit
cards. The business now spreads like wildfire, though it is within a very small
niche.
However, it
does make sense. The company has now monopolized credit cards in the
African-American community. People from this niche are going to consider just
this company when they want credit cards. An intelligent move by this company
is that it is catching people when they are young, when they are still
students. Most of them are going to grow up and still think by default about
the same company. So, even when they are adults, the company has already sold
their credit cards to them.
In business, it
is always the smarter cookie that turns out to be the richer marketer. It
always works. You have to be one step ahead of your competitors if you have to
win the rat race.
Think what they
are not offering to the marketers. Then sit and plan your strategy to offer
that same thing. Within the market, is there a group of people—a large group of
people—on whom you can pay special attention and increase your business
potential? Then do that. Go ahead with that group. This is your special niche.
When you focus your attention on them, you are sure to multiply your business.
It is always
wise to have 1,000 customers in a closed niche than have 100 customers in a
wide niche.
Can
Your Business Niche Really Be Unique?
Now, the
question is, can you have a unique niche? Is it possible to have that? Isn’t it
possible that your competitor has thought of it already?
These are the
kinds of apprehensions that create apprehensions in the minds of even the most
prolific marketer and hold them down. You cannot have such skepticism in your
mind when you are trying to enter the rich marketer category. Even if your
competitor might have thought of this niche already, they have not tapped into
it. In the business world, it is always the first person who takes the step
that counts, that builds the monopoly.
When Alexander
Graham Bell applied for the telephone patent, he was lucky because several
other people applied for the same patent in the next few days. Their machines
were almost the same as what Bell had devised, but still today we know Bell as
the inventor of the telephone, not any of the others. Bell was also a great businessperson.
He immediately got to selling his units and made a successful—highly
successful—business out of it.
So, the timing surely
matters. Something may be holding your competitors back, which is not your
problem, because you haven’t encountered it. There is no reason why a mere
suspicion that your competitor may also be trying to enter into the niche
should stop you from doing things.
To
build your unique niche, these are the things you need to look for
1. Think whether
there is a special group within your larger group—a kind of subset within the
universal set that you have been targeting for so long. What can you give to
this special sub-niche? There might be some special features that they are
looking for, they may have their own set of preferences and likes and dislikes.
There might be some cultural points that you might consider as well. If there
are things you can do that can help this special group feel more special, then
why not go all out and give it to them? This could be your own, very unique niche.
2. Maybe you could look at your own personality…
your own hobbies and passions.
Consider an
example. Maybe you are an artist; that is your hobby, not your profession. Your
profession is that you are a fashion designer. Now, there are many fashion designers
in the business and competition is certainly quite tough. But, you can plan
something special. You are an artist, aren’t you? You think of embellishing
your T-shirts with your own artwork. You make unique artworks and print them on
the T-shirts and flood the market with them.
This can really
get the people’s attention. The strength lies in numbers too. When people can
see these T-shirts prominently displayed, they are going to be interested in
them. Just make sure not to go overboard though, because fashion should not be
too commonplace.
But, you get the point. Now you have something that your competitors
don’t have. You have an advantage and you are leveraging it on your business.
In the meantime, your business is popularizing your artistic talent as well.
You are aiming at two birds with one stone.
You have
developed a special unique niche of your own—a niche of people who have become
fans of your artwork. They wouldn’t want anything else right now. You have a
huge edge over your competitors. It just took you some thought to develop this
sub-niche; you had the talent in you all the time.
3. There is
another way to build a sub-niche. Are you associated with something that people
know you for? Maybe you have done some charitable work for senior citizens in
the past. Or maybe you are Jewish. Or something like that. If you have such a
cultural, religious or linguistic edge, you have an opportunity there to create
a sub-niche of people like you. Like attracts like in the world of business.
Even today, in this highly liberal world that we are living in, people like to
gather amidst other people who are similar to them. You might work this to your
advantage in business. There is no harm in catering to a particular category of
people; it is looked upon as philanthropy rather than sectarianism.
What
Marketing Strategies Should You Adopt?
Once you have a
unique niche, there is one important thing that you have to think about. You
have to think how to reach out to this niche. Unless you are able to promote
your activities to this special niche you have created, your efforts will be
futile. Hence, a very important part of the job will be to implement proper
marketing techniques to reach out to your niche, to popularize your business
within the niche.
The following
are some of the methods that you can use. In our subsequent chapters, we are
going to see one of these methods—which we have handpicked to be the best in
the current reckoning—in much greater detail. And, all of these methods are implementable
on the Internet, because that is the weapon of the rich marketer of today.
Also, by giving
them relevant information, you are establishing your stamp of credibility on
them. You are telling them, in no indefinite terms, that you know what you are
talking about. You are showing them your expertise, and this makes you
different. You may notch up a good fan following of people who like to read
your articles… and that is your unique niche right there. These people, who
grow accustomed to your manner of giving information, will not want to buy
products from anyone else.
2. The second
marketing strategy, and this one is a personal favorite, is blogging. Have you
tried blogging? This is perhaps the best way in which you can reach out to your
unique niche and do the most of it. A blog is your personal space. It is the
live recording of what you think and feel, in a chronicled manner. But, it is
more than that. This is a place where people can read about you, and your
business because that is our intention here, and they can post their comments.
This has become a powerful tool of creating visibility over the Internet today.
Blogs are same
as well as different from articles. They are same in the manner that they
contain content. They are similarly text-based and if you look just at the
content on Notepad or something like that, you may not be able to tell whether
the content will eventually land up on an article directory or a blog. But
maybe the similarities end there. The reason is that blogs are highly
interactive. When you are on a blog, it is possible for you to receive comments
from your readers. They can read your blog posts, comment on them, and even
share them with their own groups.
Blogs are the
real new-age Internet marketing tools right now. They are so interactive that
they can be shared through Web 2.0 tools such as Digg, StumbleUpon, Squidoo,
HubPages and so many more. Each of these tools is designed in such a way that
they can popularize content on the Internet. Once you have a blog post on Digg,
for example, the friends of the readers who dugg your content will be able to
read it too. They will be able to digg the content as well, which will add to
its popularity. As a result, a lot of likeminded people are going to read your
content and they may like the whole thing. With such social tools, you are
growing your business at every minute or, to say it more precisely, you are
growing your unique niche at every moment. This counts a lot for your business,
doesn’t it?
In fact, if you
carry on with this in the right manner, you might be able to take your business
just where you want to take it, and become a rich marketer.
3. You may also
want to try putting up press releases on the Internet. When you have devised a
new product that you aim will cater to a new niche, or a special sub-niche
within your existing niche, then you would do best if you would design a professional
press release about it and submit it on a website like PRWeb
(http://www.prweb.com/), which is a press release directory.
Press releases
are usually viewed favorably by the search engines because they contain updated
information about something new that they feel people would like to know about.
Hence, once you have a press release put up, people are immediately going to
know about
it. Services
like Google’s Google Alerts and Yahoo’s Shine are instrumental in popularizing
press releases to a greater extent, which means your chosen people are going to
know very soon about what you want to tell them.
Internet press releases are different from
offline press releases that you might find in newspapers and other
publications. Here, the press releases carry a direct link to your business
webpages. Hence, people who are interested in what they read can directly come
and visit your website. They can find out what your business is about, and
carry on from there. Do not underestimate the power of a great press release in
popularizing your business to your special niche.
4. Email marketing
is another thing you have to consider. In this method, just as the name
indicates, you send out emails to a group of targeted people. What are these emails
about? You have to carefully design them so that they do not look spammy and
they should contain some meaningful content for your customers. They can
contain some subtle marketing strategy within them, but on the face of it, they
would work the best if they look like they are part of a series or some
tutorial that you are providing for free for your chosen target group.
You cannot send
emails to people just like that. You will need to solicit their permission
beforehand. Most of the rich marketers of the Internet today have done so by
collaborating with popular websites and creating opt-in forms on these
websites. When people become members on these websites, they are asked whether
they would like information from their partners. People who agree to that are
the people who opt in to get such emails.
Once you have
such a list of people, you can start sending them emails. You should not send
too many emails—just 1 email every week or two should be sufficient to get your
point across. Remember that you do not want to become a rich marketer at the
cost of sounding too desperate. Also, build a powerful strategy right at the
start. Once you have your strategy, do not shift from your path. You might have
10, 20 or 40 emails in a series—it does not matter, but it is necessary that
there is a common strand connecting them all.
You can make
the most out of your email series by using autoresponders. Autoresponders are
automated messages that are send out to someone when they take a particular
action. For example, people may get an automated message as soon as they opt in
to your service. This message invites them to the group. You can have more
automated messages later on during the course… in fact, you can schedule the
entire email series to be sent out through autoresponders.
Take a look at
these resources. Your competitors are doing it already, and if you want to
become a rich marketer, you need to use these techniques before they do. Also,
email marketing is a wonderful way to personally contact people from your
unique group, which makes them feel special and they start thinking quite
favorably about you.
5. One more
marketing strategy that you can consider to get in touch with your unique niche
is to build a great sales page proclaiming what you do. This sales page could
be as long or as short as you want, and you can make it as creative as you want
to. A sales page is a blatantly promotional page, so it is very different from
all the other methods I have discussed with you, but it can hit the mark if you
plan it well.
Basically, your
sales page should tell people what your business is about. You need not tell
them all the details right away, but your sales page could be a way of giving
them a good
preliminary
idea about your business. You could consolidate your sales page by giving
people an option to opt in to some list so that they can be kept in the loop
for further information.
Today,
marketers are designing immensely different sales page, using all the
creativity that they have. It is possible to have audio clips and video clips
in a sales page. There are also small people images that can crop up from the
bottom right of the screen announcing the product and speaking to people about
it that can be placed on the sales page. There are links to other social
networking places that you can put on the sales page, where people can go visit
and find out more about you.
But, what
really takes the cake on the sales pages are the testimonials. You should try
to get good testimonials from your existing clients and put them on your sales
page. This really makes a difference. People understand that your product is
something worth considering because there are a lot of happy people who have
used the product. Even here, you have ways to be unique. You could add video
testimonials from people!
6. Speaking of
videos, there is one more very interesting and highly effective way to make
your business reach out to your chosen niche. That is of video marketing. You
can try this method out. Make a short video about yourself saying something
about your business—it could be some kind of a tutorial video, or it could be a
review, or it could just be an interview… anything you would like. Once you
have such a video, put it up on websites such as YouTube or Metacafe.
You will almost immediately
see the jump in sales. Right now, YouTube is second to only Google as the most
popular search engine in the world. People are coming here to find information.
In fact, they are coming here to look for videos. When you make meaningful
videos and post them on YouTube, you are getting very popular. Your credibility
is increasing. Also, you can add links for your business within these videos
themselves. People can straightaway visit your website once they have liked
your video; it is as simple as that.
Do you realize
the immense advantages of having a video about yourself or your business? You
are automatically increasing your popularity by leaps and bounds. You are
becoming some kind of Internet celebrity and you are stamping your credentials.
People will trust you as a reliable source for information and as an authority,
provided you post good content. And, since you are trying to locate your
special niche within the niche, this is the method that can take you there.
7. You may also
want to try out affiliate marketing. This is one of the ways in which you can
go out and reach your unique niche. When you are marketing through your
affiliates, essentially you are placing an ad of your business on their
websites, blogs or whatever. These people are generally those who have
businesses related to yours. Thus, they have a good chance of bringing in your
special niche to you.
For example, if
you have a business of selling pregnancy wear, then a website that gives
pregnancy self-help information could be your affiliate website. You could put
up an ad of your business on their website. When women come looking on that
website for information about their pregnancy, they will see your ad and most
likely they will click on it to visit your website as well. That is how simple
it is to bring an interested person over to your website through affiliate
marketing.
Affiliate means
to associate with or be a member of something or someone. This means that
affiliate marketing can be considered as a business that gives compensation or
a reward for a person who brings another client into the business. There are
many examples of affiliate marketing available both online and offline. One
example is whereby a client is giving a certain money back coupon when they
refer another client to the vendor of a good or service.
Other examples are when a
person is given gifts in form of cash or other rewards for referring people to
the vendor. These examples are the reason why some people earn some money using
affiliate marketing. Affiliate marketing is done through using certain levels.
The levels are mainly four which can be used to make affiliate marketing a
success. In the first level there is the merchant or vendor. From the vendor,
the next levels are the network, the publisher and the affiliate. These steps
of marketing have an indirect connection with internet marketing at some point.
This is attributed to the use of regular advertising methods by affiliates to
get other affiliates.
Advertising methods that
affiliates use will include email marketing, display advertising, search engine
marketing and search engine optimization. One form of strategic affiliate
marketing is by using one website to drive and send traffic to another. This is
one of the methods of internet, marketing that is normally unseen by
advertisers. Other modes of online marketing are predominant than affiliate
marketing. It is still on a low profile despite the fact that it is a big part
of online marketing.
There are some
compensation methods that are normally made using affiliate marketing. These
compensation methods given to affiliates are different and understanding them
would be advisable. The methods are:-
·
Predominant compensation methods
·
Diminished compensation
·
Performance marketing
·
Multitier programs
Predominant
compensation methods
When these
types of compensation methods are used, there is the revenue sharing and cost
per share that is given. The percentage of programs that use Cost per Share
(CPS) is 80%. 19% of the programs compensate on a Cost per Action (CPA) method.
The remaining percentage is normally used by Cost per Mille (CPM) and Cost per
Click (CPC).
Diminished
compensation methods
Markets that
are mature use a different mode of compensation. Less than 1% of these
traditional affiliate programs currently use CPC and CPM. Such kinds of
compensation procedures are mainly used in paid searches and display
advertising. CPM will require the party advertising to avail the advert on the
site and display it to visitors so that they can get a commission. When PPC
(Pay per Click) is used, there is another step that has to be accomplished in
order to receive compensation. It will require the visitor not only to view the
advertisement, but also to click on it.
On clicking the
advertisement, they are directed to the advertiser’s website. CPC had a lot of
popularity when affiliate marketing was starting. However, there has been a
continuous rise in click fraud such that the method is seen as an easy way to
defraud some money from the internet. Though some of these methods have had a
decrease in popularity in some areas, there are some which are still being used
in other areas. A good example of an area that still uses these methods is
China. When compared to the West, it has a different system to compensate
affiliates. Most of the affiliates are being paid on a Cost per Day basis. Some
of the networks in China will offer CPC and CPM despite the reasons stated
above.
Performance
marketing
In CPM and CPC,
the publisher will not be interested by a visitor becoming a member of the
audience that an advertiser is trying to target. The reason behind this is that
the publisher will already have gotten their commission. As a result, a lot of
loss and risk is left to the advertiser if a visitor cannot be converted. In
most cases, the highest risk is seen in CPM.
CPS and CPA
will need the referred visitors to do more than just have a look that the
website that thy have been referred to in order to receive a commission. The
advertiser has to make sure that the visitor is converted. To make a
conversion, an affiliate will have to send traffic that is mostly targeted to
the advertiser. This way, they will have a higher chance of making a
conversion. Risk and loss in this situation is normally shared between the
advertiser and the affiliate.
In some cases,
affiliate marketing can be termed as performance marketing. The term is used in
reference to the compensation of the employees. Most of these employees are
paid by commission. However, there are added bonuses for performing more than
the baseline which they were given.
Affiliate marketing has
been misunderstood to be like a sales team. This is not true due to two
reasons. The first reason is that a person who is an affiliate marketer
provides very small and sometimes no influence on a possible prospect.
Secondly, an advertiser’s sales team will not have any control of any prospect.
Multitier
programs
There is a type
of programs that give commissions on a hierarchical referral network. Such
programs are normally referred to as multitier programs. A good example of the
same is when a publisher, say publisher “1”, gets a contact with an advertiser.
Once they get this contract, they will get other publishers which we will call
“2” and “3”. The two of the new publishes will sign up for the same system or
program using the code that publisher “1” gave them.
Once they have
signed up, any earnings that publishers “2” and “3” get in future will be paid as
an additional commission (though at a lower rate) to publisher “1”. Very few
affiliate programs have a two tier program. Those that are more than one tier
are more or less like Multi Level Marketing (MLM) programs. However, MLM seems
to have a high qualification and complex commission systems than normal
affiliate programs.
There is a
payment necessary though. You will have to pay your affiliates for promoting
you. Generally, you pay them according to the number of clicks that these
people are able to
divert to your
business. You could use a reliable service like Google AdSense. This service
automates the entire process and you can easily find out how many clicks a
particular affiliate has sent you and you can pay them in accordance to that.
But the big
benefit of affiliate marketing is that you are bringing people over to your
website, and these are people who are connected to the niche that you are
planning to target.
8. However, if you
really want to walk over the competition, then the method that you should
seriously consider is social networking. This is age of social networking.
Everyone is one these websites right now, connecting with each other like never
before. There are groups of people here, people sharing likes and dislikes and
having common interests and preferences.
If you could
attract one of these people within a social networking group, then you have a
chance to attract so many more. Their entire friend’s group could be yours for
the taking. When you are backed with a good product and good reviews from
people who have used it, viral marketing through such social networking
websites is something that could make you the richest marketer ever. People
will like your stuff and then recommend it to others. This kind of popularity
can increase with amazing alacrity. You will be surprised at the prospects you
build up even when you are sleeping.
Social networking is so
immense, and such a potential tool, that you just cannot ignore it if you want
to become a rich marketer. In the next few chapters, we are going to take a
very close look at social networking and how it can make you a rich marketer.
We are also going to see the top 3 social networking websites today, places
where you can really reach out into the open.
Social Networking and Niche
Marketing
Quite
assuredly, this is the age of social networking. People are using the Internet
as a tool to get in touch with others. Even people living within the same house
add each other to their social networking groups. The reason is that there are
so many assorted activities that you can do here that it becomes a fun-filled
rollercoaster ride rather than just being a means of communication. People are
on each other’s social networks much more than ever before, and the rich
marketer has definitely not missed out on that fact.
The rich marketer, over the
last 10 years, has gone out and created a very strong presence in the social
networking world. Keeping up with what they want to do, the rich marketers have
pulled the strings to build their strong niches here. They have built niches
within niches, and they have increased their marketing practices many times
over by just creating such a strong interactive base on these social networking
websites.
If you want to
make the transition to being the rich marketer as well, you need to understand
this fact well. You need to jump up and reach the higher grapes if you want to
be special, and in this case, that means the added effort that you might have
to put in so that you can make a presence on the social networking websites. At
the end of the day, you will find that this really helps you to find your
niche, and not only that, you will be able to impress them with what you can
do.
You can make
people within a social networking group your fan base. You can make these
people look up to you for information and reliable resources to do things they
want to do. If you are able to work on the trust factor in this manner, you
will be able to actually reach out and convert them to being your customers,
which is one of the most important things for you to do if you want to become a
rich marketer.
Social
Networking and Niche Marketing
Creating
niche traffic by advertising on social network sites such as Facebook, Twitter
and LinkedIn is a convenient and easy way to create a network of people who are
interested in your services and products.
Advertising
campaigns promoted through social networks target products and services to a
customer base that is that is more likely to be receptive to them. Customers
choose to join your network because they believe they will benefit from the
contact with you and your services or products. You are now in a position to capitalize
on that trust relationship and provide them with those “extra mile” services
that will reward them for their loyalty to your business.
Providing those
on your networks with ongoing information and resources will maintain their
trust that you are a market leader and therefore a trusted provider of quality
goods and services. This more personal contact with the business
representatives and the business itself, helps to keep the business relevant to
its customers.
Evidence for
the success of social networking sites as an important business strategy, is
its use by celebrities, companies and other corporations to stimulate interest
in their activities and r products. Television channels for example, use social
media sites to create interest in their regular television programs and this
helps them to maintain top ratings for some shows and to improve ratings for
others.
Politicians are
increasingly using social networking as tools for their campaigns, highlighting
their ability to communicate to a broad spectrum of supporters in a cost
effective and efficient manner. .The advantage of social networking is the
ability of informal and formal dialogue to take place between business and
company in real time and supported by use of video and photo technology.
A strong social
network also enables business to link with likeminded businesses and share
resources and knowledge of current market trends. In the past, this knowledge
has helped Robert make predictions that have guided and driven his business
decisions. Creating these networking relationships has the added benefit of
providing back links to your website from other websites, an important strategy
for Search Engine Optimization.
There is clear
evidence of the success of Social Networking as an important marketing
strategies for a niche business, When it fails it is often because there have
been no strategies developed to maximize the benefits of using this medium. The
goal is to actively engage people with you and your products and services so
they are regularly updated with not only descriptions, but also with practical
ways of using them. This information when tagged with back links to your
website will potentially draw a loyal customer base to your website regularly.
This traffic will create more sales, than conventional advertising.
Because
the content on our social networking site is focused on a niche market, it must
focus only on the products and services you are providing and should not
include other content, which is not directly related in some way to your
business focus.
Social network
is possibly the key strategic action you can take to create an environment to
sell your products and services. With careful planning, social networking
offers you a more consistent approach to advertising and building a niche
customer base, than most other forms of advertising and network building.
The
Big Three Social Networks
When it is
about social networking sites, then the big three social networks of 2014 are
Twitter, Facebook and LinkedIn. There are countless social networking sites,
but there are few sites that have over shadowed all the other social networking
sites.
These social
networks have given the concept of global village a new dimension; people from
all over the world are tied together in one place sharing their life's
experiences, ideologies, cultures and even business now. These social
networking sites have introduced a new pattern of business by converting a
serious medium of business into a social, lighter, and fun filled medium but
its objectives are still the same. They are also playing an important role as
an online recruitment network.
These days, one
of the most prominent social networking sites is Facebook. Currently, it is the
most viewed and used social networking site with almost 135 million visitors
every month. Initially it was made for young students to share their updates,
pictures, videos and other content with their friends and family members but
within a few years it has become a biggest craze in the world. People have
become addicted to Facebook. Many new friendships and relationships have been
built through Facebook. It is not only limited to social networking with
friends and family but it also allows people to make their company pages and
other social groups to exchange information about their business. Promotion of
companies and organizations and advertisement on affordable price on Facebook
is a latest
trend. It has
opened up many opportunities for various new jobs as well, and has become the
most popular and successful social networks today.
Twitter is no
doubt the most beneficial micro blogging network where people connect with the
followers of same interest instantly. It has an excellent quality where people
can send instant messages to other people of their interest. It provides a
better opportunity to socialize. Trend or popularity is increasing day by day
with approximately 50 million visitors every month. Twitter is mostly used by
famous celebrities and personalities who like to tweet about their upcoming
projects, personal and controversial matters. Like Facebook, it is not
necessary to add people in your friend list to socialize with them; it allows
you to message any one without following them. Here, you can meet new people
every day, interact with the people of your niche and can share or market your
business as well.
Contrary to the above two
social networks, LinkedIn is smallest but more professional site with better
recruitment opportunities. Here, a person builds their profile, uploads their
CV and qualifications, and then adds their friends and other professional
companies related to their interest or field as connections. Here, people can
find more opportunities to contact with more senior and experienced professionals.
Most companies hire through this social network. Its popularity is increasing
rapidly. According to the estimation, its monthly traffic is around 40 million.
Therefore, apart from all
other social networking sites these are the three big social networks in 2011,
working tremendously with increasing revenue per day and providing more
opportunities for business and social networking around the globe.
In the further
chapters, we are going to take a closer look at each of these three top 3
social networking websites that have revolutionized the world of niche
marketing.
Facebook is the
most popular social networking website today. Strictly speaking, Facebook is
not designed for business, but that does not deter the rich marketer from using
it for business. The very fact that Facebook has such a lot of people on it at
any given moment of the day and the fact that there are a large number of
applications that it is associated with makes it an option that rich marketers
just cannot ignore.
Rich marketers
are using Facebook to create their social networking presence, and even
domination. They are building their own little groups where they are
popularizing themselves and then they are creating their monopoly. This is
happening to such an extent that they are becoming go-to resources for people
from all over the world who are trying to look for specific information.
You cannot
ignore such a huge phenomenon that has swept the world in such an emphatic
manner. This chapter tells you what this phenomenon is all about, and how
marketers can use it to leverage their presence in the online world.
Mingling
Business with Social Activities
Facebook
(http://www.facebook.com/) is the most popular social networking site with a
monthly traffic of 135 million. It is the best possible way for marketing
today. Facebook was started as a social networking site for college going
students to interact socially with each other and share their activities,
photos and videos.
Facebook is not
only limited to social networking; it has now become the most powerful
marketing site as well. It has started mingling business with other social
activities very smartly and strategically. Facebook is used for the marketing
of various products and companies. Different pages and profiles have been made
to promote different companies and personalities.
In order to promote through
different pages on Facebook, people make a specific page of their company and
put their necessary information there. They use different tactics to make their
page more attractive and popular like using an attractive profile picture,
continuous updates about the products of the company and by adding new friends
and requesting them to like their page. Through this kind of marketing, a
person or representation of the company, like a PR man, establishes his own
identity, along with company's information in front of the people. They keep on
connecting with more and more people so that the social network increases
rapidly.
When most of
the people visit or like the page, automatically the publicity of the product
increases. Online description and display of new products make people aware
about the new arrivals. Apart from that, option of invitation to the official
or social event has played a significant role in mingling business with social
activities. People make invitees of their events through Facebook and save
their money as it is free of cost here. Facebook is the most economical, easiest,
fastest and successful mode of promoting business.
It is getting
new advertisements on affordable rates daily. Promotion of other websites,
companies and individuals can be done through Facebook. It is also used for the
promotion of other website's content by integrating Facebook plug-ins on
different websites like sharing of clips from YouTube through these plug-ins.
Apart from that, other online articles and videos from various websites are
also being posted on Facebook. This has increased Facebook marketing.
Facebook has
given a whole new meaning to the business promotion and marketing by converting
a serious business medium into a social and interactive medium. Common people
find it easy to promote their new business through Facebook than any other
medium. Facebook has its own Marketplace page where masses can sell and
purchase different things. This application page shows all the recent listings
in your profile. This is more attractive than other pages and provides you
complete range of products related to you and people in your network directly
or indirectly.
Hence, Facebook
is a medium where people mix up business with social networking through joining
or liking the business page of friends and friends of friends as well. Through
this, more and more people get associated with your business directly and
indirectly. Therefore, Facebook is considered as a most successful medium of
marketing by mingling business with all other social activities.
Twitter is
another very popular social networking resource that works on a totally
different concept. This resource has become popular due to its use of
micro-blogging. You can post small bits of content here, known as micro-blogs
in general and tweets in particular, that tell people what you are doing. You
can give people links to your business. You can create a base of people who
follow you. Your followers can be followed by other followers. In a very short
time, you might have a large number of people who are following what you say on
Twitter.
That can work
amazingly well. These people have decided to follow you. So, by implication,
these people are interested in what you want to say. They have faith in your
tweets.
Hence, the rich
marketers will never want to lose out on this opportunity. Tweeting for
business is what everyone is doing right now, and this is one area you should
focus on as well.
Tweeting
for Business
Business in
today’s world is no more limited to offices, documentations and business
meetings only. It is more global and social now; tweeting for business is an
interesting concept. Twitter (http://www.twitter.com/) provides a platform to
the people in business to make more contacts and do marketing of their company
and products.
Twitter is a micro blogging
site where people can do promotions but shameless and obsolete marketing is not
allowed. It is not a way of starting or promoting a business. It is only a
platform to promote your own self, your ideas and new products. It is used for
forwarding your business rather than launching it.
All you need to
do is log on to the Twitter and become a follower. By following someone, you
have the capability to show your likes and dislikes. It is not limited to be a
follower only; you have to give feedbacks and opinions on different subjects
within limited 140 words; it should be crisp, short and unique. By posting your
comments and feedbacks, you are showing your presence there. It is necessary
that you develop a social interaction with different people on the site. If you
do not interact with them and only post your ads then people might think that
you are a scam. Make healthy relations with people so that they start following
you. Only then you would be successful in convincing people about your business
plans and products.
Tweeting for business is
like establishing a brand image. For example, when a specific brand is being
launched the manufacturer uses many different ways to promote it and make
people well aware about the brand. Advertisements also use the same technique,
like they don't sell brands but they sell ideas. People usually accept and
adopt them as a part of their life styles. Only after building an emotional
relationship with the product, the brand loyalty develops among the consumer.
Similarly for promotion of business, you must build a relationship of trust
with your followers and Twitter is the best available platform for this
purpose. Writing a profile with your biography is the first and most important
step, so that people know about your qualifications, experiences and business
and will start following you.
After that, you
must keep on tweeting on other tweets. Do not hesitate to express your opinions
and point of views on different subjects. If you do not agree with something,
feel free to disagree but don't be rude; selection of words should be careful.
Build arguments and support your point of view with solid proofs and
statements. It will show others that you have some knowledge and you have an
ability to be determined to your beliefs. This will definitely
increase your
followership. Keep contact with your followers, discuss things with them, share
your ideas about promotion of your business and fields of your interest, state
about what your business wants, don't fear to give statements and don't be
afraid of oppositions. Ask questions to others; it is a platform for two way
communication and their responses will appear as a review for clients and
followers. Always share links and informative things on Twitter and ask people
to follow.
Hence, tweeting
for business is excellent way to compliment your company and show the internet
presence. Do not confuse it with a social networking or just any other business
site.
LinkedIn is a
place to build a professional profile. You can write about yourself, build a
resume for yourself, a profile for your business and go on to build your great
online presence. When you have a substantial profile for your business, you
will be able to reach out to the right people, and the right people will get
interested in you as well.
Here we are
going to see how we can use LinkedIn as a very rich resource to build content.
We shall see how this can be a social network to get touch with other
likeminded people, probably even your competitors, and let them know your
expertise. If you want to monopolize, a good LinkedIn profile that speaks for
itself is the need of the hour.
Building
a Strong Online Reputation
Building a
strong online reputation through LinkedIn (http://www.linkedin.com/) is a
powerful way used in the internet today for establishing professional
relationships. If Facebook and Twitter are famous because of being the top
social networking sites, then LinkedIn is considered as the best professional
networking site. It has almost 55 million members from around 200 countries.
You can use
your LinkedIn profile as a best tool to establish yourself on the internet. It
is very helpful in building a strong reputation online professionally. After
registering into LinkedIn, create your profile. You must upload your resume
after that.
The most
important step to make LinkedIn profile as your online resume is to state your
summary strongly. The summary must be written in your own words. Mention why
you think that you are best in your specified profession and why they should
work with you. It is more like a cover letter of yourself to show how you are
going to present yourself in front of the world to convince them to take your
services. The summary should be compact and effective. Always use strong
keywords to describe your professional qualification so that it will become
easy for a recruiter to find you.
Use LinkedIn as
a profile to explain about your past experiences in detail. Write about your
qualifications in a well written or specified form so that it attracts the
readers. Never exaggerate your good points. It should not seem that you are
self-obsessed. Write an accomplished matter that will set you apart from your
friends or mates. Try to get recommendations from those professional or
experienced workers with whom you have even worked before or have some links.
Recommendations will increase your chances of getting better opportunities.
Do come up with your
customized vanity URL, as it is quite helpful in building your reputation
online because whenever people want to search you, they will use Google easily.
Join all the relevant groups in LinkedIn which are related to your
qualifications and interests; it will help in building your resume with a
better outlook and impact.
If you are on
LinkedIn, then you have fair chances of starting your own blog as well. In
LinkedIn, there is a web section that allows you to share your web accounts
very easily.
Apart from the
web sections and blogs, LinkedIn also provides access to the Twitter which
helps you in sharing your tweets on LinkedIn. It is not at all like the other
typical social networking sites to write your feelings and comments. This
format of website is more professional and business oriented to attract more
employers towards your profile.
Therefore,
LinkedIn helps in building a strong reputation online which further helps you
in getting more professional assistance and opportunities to prove your
potentials. The employers who recommend you can be requested to write
testimonials for you. This way, it will help you in building a strong and
professional reputation on LinkedIn, which further aids in making your online
resume stronger and more attractive to new recruiters.
It is no
secret—all is not well with the world in the current scenario. It hasn’t been
so since the last few years. This is putting a spanner in the works. It is
keeping enterprising people from reaching where they want to reach. If you want
to become a rich marketer, the current economic climate may not be conducive to
you.
But that is what being a rich marketer is all
about. They have various secrets up their sleeve.
They know what they can do to turn the tide in
their favor.
In this
optimistic chapter, we are going to see how we can do that… turn the tide in
our favor despite the complications that the present global financial situation
has put in our path.
Building
a Powerful Presence Despite the Current Economic Situation
Many people are
reconsidering their dreams of having a successful business of their own. They
look around, see evidence of bankruptcy, and wonder about the wisdom of moving
from secure employment into the unknown of self-employment.
Statistics
would certainly suggest that this is a good idea; most small businesses shut
down after 10 years or are sold for much less than the business itself is
worth. This however, does not need to be the case. Robert Kiyosaki describes
the establishment of the business a journey or a process. It will have a
beginning, an end, and a lot of work in the middle. He defines a good business
as the one that creates income, without endless effort on the part of the
business owner to make the money. The business itself creates the wealth. It
may take time to establish, but once established it continuously makes money for
the owner.
The process is
the key to building a powerful business presence despite the current economic
climate. Now while it is true that dreams do not make the business succeed it
is equally true that without dreams business won’t succeed. Once you own your
dream, you can then build your plans
Planning is
essential because without planning there can be no progress. Plans provide the
blue print for the business operation. However although most businesses have a
business plan the reality is they do fail. Planning by itself is not enough to
prevent failure. The difference between a successful business and one that
fails is the reaction of the business owner when the inevitable problems occur
and what the owner does when faced with failure.
It is
inevitable that mistakes will be made. Many people hit a shaky place in their
business dealings, and scared off by the economic climate will at this point
choose to close their businesses. Robert Kiyosaki however encourages people to
keep going and creating learning opportunities from these mistakes. He suggests
that instead of despairing, let the mistakes drive you to learn why things are
failing. Seek answers in many places.
Making the commitment not to give up is only the
first stage in becoming a powerful business presence. Building networks and
focusing on services rather than just producing an income source are essential.
Robert Kiyosaki
has described this principle in his book “Rich Dad Poor Dad.” He reminds
readers that there are three main ways money can be earned...
1. Personal Income
2. Portfolio Income
Most people
focus on personal income, but Robert Kiyoski encourages people to focus instead
on the other sources of personal income, because as he describes it, personal
income is dependent on time and effort from the person earning it, whereas the
other forms of income require little effort and money is being made, even when
the person is sleeping.
How does the
principle apply to business? Most people put their effort and money into making
the business earn the money. The focus must be on creating the niche and
creating the network to advertise the niche. These will make more money than
focusing resources and effort on the business itself.
Do not create
business plans that require you to work hard to create money, but focus your
attention on creating business plans where investing and passive income sources
do the work for you.
In this
concluding chapter of the Rich Marketer Poor Marketer eBook, we see some of the
things that the rich marketers try to keep away from the poor marketers.
As you read these things,
you will find out that there is not much that people do not know… it is only
that the rich marketers try to reach earlier and try to dominate.
If you want to
make the transition from being a poor marketer to being a rich marketer, then
these are the points that you should read quite closely.
Ten
Things Rich Marketers Hide from Their Poor Counterparts
Many of those
who today are well-known entrepreneurs, successful and mega rich have one thing
in common with each other. Each of them was at one stage poor students or
bankrupt businesspersons and women who refused to give up.
They
started with a dream, an idea that began as a spark and that spark of an idea
grew into the multimillion-dollar companies with which their names are
synonymous. What created the success for them? What was the key to their
success when so many others have failed?
1. They had a
dream and they lived that dream and did not give up on that dream. That dream
was a big dream and it drove them. They believed their dream even when failure
faced them in the face.
2. They learned
from mistakes and turned mistakes into success. They used failure as a learning
tool to enable them to consider how to do things better next time.
3. They started
small and gradually built up. Their focus was on building a niche and being the
best in that niche. They did not allow their focus to become too big too
quickly. This is the sure recipe for success.
4. Their focus was
not on the income but on the product and building a loyal base of supporters
through the product (or service) they were offering. Networking was the key, it
produced the market, and it produced the opportunity for expansion. They did
not need to do it alone. Others bought into their dream.
5. They explored
and utilized every available marketing strategy to build their dreams, with the
focus firmly on building social networks to develop strong customer focused and
customer driven products and services. Therefore, the products sold themselves.
6. They invested
time and energy into the development of businesses that eventually produced
income with little or no effort on their part.
7. They explored
and understood social and economic trends to ensure they understood where the
market was going and historically what to expect, understanding that history
often repeats itself.
8. They focused
their time, energy, and resources on the outcomes of their research, and
invested accordingly, rather than following the crowd.
9. Although at
times they did hesitate, they kept the dream and did not allow setbacks to
destroy the dream, but having learned from the setback, they allowed themselves
to continue the dream and take risks.
10. As they took
risks, they did not lose sight of their objective to create successful
businesses and have an in
Those who have failed in
business are those who have allowed the current economic climate drive their
business decisions they have failed to do their research. They do not
understand the rise and fall of the markets and the wealth cycles. This has
prevented them taking full advantage of investments and portfolios that create
income and lose what income they have earned. They have accumulated debt rather
than focusing on escaping the debt cycle and failed to see the money market for
what it is.
They have
succumbed to their failures and been scared off by them and they have given
into the market trend that suggests that you cannot make money in today’s
economic climate as a businessperson.
Robert Kiyosaki
has the last word:
“The size of
your success is measured by the strength of your desire, the size of your dream
and how you handle disappointment along the way.”
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