Friday, December 7, 2012

Are You Thinking of Setting Up a Business Online? There Are a Few Things You Need to Know

Do you know that 95% of people who try to start a business online fail to make any money, or make losses?? There are a lot of questions you need to ask yourself when considering setting up an online business, because if you don't treat it like a business and take it seriously, then the inevitable will happen. It sounds quite daunting, but all you need to have is the drive to succeed and you won't have a problem!

If you are the type of person who would just buy a system and wait for the money to roll in, then you're dreaming! So many people fall into this trap, and then they think they have been scammed, but the truth of the matter is that no system out there will just make you money when you buy it, you need to put in some work to get it to that stage! Also if you give up easily, then it really isn't for you! You need to persevere with what you're doing to make it work, it doesn't just happen overnight! If you are under any of these illusions then it might not be the greatest idea for you to start an online business!

So then there is the other category of person. If you are the type of person who is willing to do exactly what it takes to succeed and become a success, then an online business will be just what you're looking for!

Online businesses are booming, and there really is no better time to start a business online. Whether you know exactly what you're doing or absolutely nothing, it really doesn't matter. It can be as inexpensive or as expensive as you want it to be and could change your life. Everyone out there has the potential to make money online, but you choose whether you want the success and what you're prepared to do for that success. Remember, you determine your future and the path you take, whether it be to succeed or to fail, make sure you choose the right one!

Internet marketing is rapidly becoming the biggest venture on the Internet. To get the help and support you need to make your internet business a success, then join me [http://makeonlinemoneyeasy.com] and make your online career exceed the boundaries!

Tuesday, December 4, 2012

Could Shopping Online Be Hazardous to Your Bank Account?

I love shopping online. It is so convenient to sit in front of my computer and order just about anything I can think of without ever leaving my chair. No more changing out of my grungies into clothes more suited for shopping in person, no more planning my shopping trip around other duties or engagements, no more wasting gas driving to several stores to find exactly what I am looking for and no more parking tickets for not getting back to plug the parking meter of my car before my allotted time expires.

That makes shopping online sound like the perfect substitute for shopping locally, doesn't it?

Unfortunately, there are several drawbacks to shopping online that should be taken into consideration, before you make a permanent switch. But, as with most drawbacks, those associated with shopping online can be lessened, if not entirely avoided, by taking a few simple precautions.

Most online businesses are run by honest people, just as most local businesses are. However, there are exceptions no matter where you shop. About a year ago, I began to wonder what would happen if I made the mistake of giving out my credit card number online to an unscrupulous person. Could they wipe out my whole bank account? Would I have any recourse to recover damages from them, or would I just end up swallowing my losses and going on, hoping the next person I dealt with was an honest one?

This bothered me of and on to the point where I made a special trip to our bank and asked some questions. Verbally, they assured me that if I lost my card (which was a debit card, not a credit card), I would only be responsible for the first $50 of fraudulent charges, assuming that I reported my loss promptly.

The assurances didn't leave me as assured as I would like to have been so I asked them to open a new checking account for me in addition to my regular account. I deposited only a few dollars into it and began to use that account for my online purchases only. Since it was at the same bank as my regular account, I could transfer money into it whenever necessary to cover an online purchase. Since my accounts were online, I could do this from home. All very convenient.

This has worked very well, giving me confidence that even if someone did try to make fraudulent charges to my account, they would be limited to the small balance in the account.

Not long ago, I transferred a little over a hundred dollars into the account as I intended to shop for a more expensive item than usual online. I hadn't made my final decision yet and got busy doing other things so it kind of slipped my mind for a while.

A little over two weeks ago, I saw an offer online that interested me. You were supposed to receive a CD disc by mail and examine it for 7 days before letting the company know whether or not you wanted to become a regular customer of theirs. You only had to pay $2.50 for shipping the disc. I thought that sounded reasonable and smugly typed in the number of my special debit card to cover the cost.

When two weeks passed with no sign of the CD arriving, I went into my account only to find that they had charged $2.50 for shipping the disc, but also a 2.5 percent fee for international handling. Then, to my dismay, they had charged my account $39.95 for a one-month membership. Oh yes, and another 39 cents for an international handling fee. It seems that this company was located overseas somewhere.

Needless to say, I signed in online and transferred the rest of my balance out of that account to my regular account, and then headed to the bank to talk it over in person.

I told the teller that I had not received the CD I was supposed to be able to use for 7 days before making up my mind about the service, and that I had never authorized anything beyond the first $2.50 to be taken from my account. She sympathized with me and gave me a toll-free number to call to dispute the charges. Unfortunately, since the company was doing business from overseas, she doubted that I would recover the funds that had already been taken from the account, but was kind enough to commend me for removing the remainder of my money from the account. She cut up the debit card in question before giving me a new one with a different number.

She also gave me another tip which I also plan to share with you. So, to keep unscrupulous people from cleaning out your online bank account here are two things you can do:

1. Set up a small account like I did, (avoiding my mistake, of course).

Keep only enough money in this account to cover whatever you are purchasing online. Actually, this wouldn't be a bad idea for all of your shopping, except that you would probably be spending a lot of time transferring cash from one account to another. My mistake was in letting too much money accumulate in the account, and in not checking it frequently enough to catch the fraudulent charges earlier.

Actually, I think I was pretty lucky to get away with a loss of less than $50, and since the bank is investigating my claim, I may end up getting my money back. I suppose though that I might as well give up on ever receiving that CD disc they promised me.

2. Check into purchasing a limited amount credit card. (This is the tip the teller provided to me.)

You've seen gift cards and phone cards you can purchase at places like Target, or Wal-Mart. They also have limited credit cards which can be purchased in different amounts like $30 or $50. When you use them online, the amount of your purchase is deducted from the card's value immediately. If you order some books for $25 online and used your pre-paid $30 credit card to pay for them, it would be impossible for the company to charge more than an additional $5 to your account. If you should lose your card, you would never lose more than the value remaining on it. This kind of card might be worth considering for teens who are notorious for losing their debit cards.

My experience hasn't dampened my enthusiasm for shopping online. I am just a lot more cautious these days, and hope that my suggestions may help you be less likely to become a victim yourself.

Saturday, December 1, 2012

Secrets of Successful Business Relationships Online

Operating a successful business is largely about building and maintaining relationships. Sure, your customers are concerned about price, quality, service, etc., but the most successful businesses are those that work to develop a relationship with their customers. Look at Wal-Mart, for example. Do you really need someone handing you a shopping cart on your way in the store? No, but they always hire a nice, elderly type people who smile and says hello to you as you walk in. That's relationship building!

Truth is people will often pay more for something if they have established some kind of personal connection with the person or persons within the business. Certainly, such relationships lead to repeat business, whether you run a grocery store, a restaurant, a sporting goods store, or a movie theater.

For most of us, it's not often that we develop substantial relationships with people at the places we frequent. This is due to a number of reasons; maybe the store is large and has many employees and therefore you never really see the same people with each visit, sometimes it's just a quick stop or perhaps you don't visit all that frequently. But if you think about it, there are probably places you go often, where you have established some kind of relational bond with someone who works there. It's that kind of familiarity that keeps bringing you back. And of course, not every place of business can develop an intimate relationship with every customer, but those that try are often more successful than those that don't.

Building Business Relationships Online

While online businesses lack the ability to build relationships face-to-face, this does not negate the importance of building relationships with your customers--you just have to go about it a bit differently. In part, this is accomplished through your website itself, sometimes through email communications, and occasionally over the phone. Since the website is usually your first point of contact, and therefore the point where you establish your first impression, it's vital that your website do all that it can to set the groundwork for building a strong relationship. The website can't do everything for you, but if your visitors come and leave without ever having made even a superficial contact with a person or a persona worked into the site copy, they will leave without having established any sort of intimacy, and therefore no sense of "connection," with you or your business.

I found the following quote the other day in regard to building relationships with people in a personal sense, but I felt it also applies to building relationships for business as well:

People are insecure; give them confidence.

People want to feel special; compliment them.

People desire a better tomorrow; show them hope.

People need to be understood; listen to them.

People are selfish; speak to their needs first.

People are emotionally low; encourage them.

People want to be associated with success; help them win.

--Pete Vossler

While all of the above are generalities, they do largely apply to most people, regardless of how successful, "important" or how well-known they are. And of course, it also applies to the average Joe and Jane Doe web surfer looking for a place where they feel comfortable handing over their money. So how do you go about building relationships with your potential customers online? Glad you asked.

People are Insecure; Give Them Confidence

It's easy to buy from a brick and mortar store where you see real faces involved. Even if it's some 16-year old kid, with numerous body-piercings standing behind the counter, you have confidence that when he takes your credit card he won't be stealing the numbers. This kind of confidence in the buying process is lost online. My biggest issue with buying products online is the return process if, for whatever reason, something goes wrong. It's easy to drive back to Target and return something you don't want. But online, once the purchase is made, the return process is more cumbersome and often results in extra shipping fees.

You need to give your visitors confidence, not only in the security of the purchase process, but also in the quality of your products, their expectations and your policies and procedures in case something doesn't go as expected. This is most easily accomplished through making sure you have pages on your site that address each of these issues, and clear and obvious links in the places where the customer will be most looking for them. For example, your product pages might need an obvious link to your return policies page--even if that link is already available through the main navigation.

People Want to Feel Special; Compliment Them

Who doesn't want to feel special? A compliment goes a long, long way in helping to establish that mental relationship. How do you compliment someone you don't know? Some simply ways are to write these compliments into your content, "You're obviously looking for quality baby clothing, you've made a wise decision visiting our store." It might sound a bit cheesy, but it works, as long as you don't go overboard. These types of compliments can also be worked into your email and phone communications.

People Desire a Better Tomorrow; Show Them Hope

Will your products or services make their lives better or easier? You must already believe that otherwise you wouldn't be selling what you do. So use this opportunity to explain how your products are going to be good for them. Explain how life will be better once your customer purchases what you are selling. Illustrate to them the benefits, not just the features. If you can give your customers hope--convince them--that your product or service will improve their lives; you've got a sale in hand without the cost being a significant factor.

People Need to be Understood; Listen to Them

Even before you have a chance to communicate with your clients verbally or via email, are you listening to their needs? Whether or not you listen to your website visitors can easily be determined by your USP, Unique Selling Proposition. What? You don't have one? Then you may not be listening to your customers needs. Your USP is what makes you stand out from the thousands of other stores online peddling the same wares as you. Why should they buy from you as opposed to someone else? Price alone is rarely the determining factor.

You need to offer your visitors something unique that tells them that you have listened and responded to their needs. Even if you sell the same product or service as others, your unique approach is one developed out of conversations with your customers and seeking ways to find solutions to problems even before those problems existed.

People are Selfish; Speak to Their Needs First

More than anything, people want you to meet their wants and needs. They're not shopping on your site for your benefit; they are there because they are in need of a solution for X. Your first order of business on your website is to tell the customers how you can meet those needs and what your products or services will achieve for them.

People are Emotionally Low; Encourage Them

For some sites, shopping cart abandonment is astronomically high. Why is that? Primarily because people need to be encouraged to proceed with their purchase. I'll often start shopping for a book or DVD, have it in my basket, go through much of the checkout process, but just before I finalize the payment I hesitate. In my mind I'm thinking, "should I buy this now?", or "Will my frivolous spending upset the wife?", or for larger purchases, "Can I afford this?" Most of these questions surface on an emotional level; sometimes rooted in fact, sometimes not. The bottom line is that a little extra encouragement can help persuade visitors through the selling process.

In fact this very thing happened to me just the other day. I threw a couple of books into my Amazon shopping cart but since I've purchased quite a few books lately so I began to think twice about buying a couple more now. Amazon provided the encouragement I needed. By filling out an application for an Amazon Visa card I got something like $30 off my purchase. I was sold and so were the books. You don't have to give away money to encourage your visitors to make a purchase, but you can re-iterate the benefits of their purchase one more time.

People Want to be Associated with Success; Help Them Win

Everybody wants to feel successful. The funny thing is that people don't even have to be successful in the larger financial/business sense in order to feel successful in every day life. Success often comes from the little victories achieved here and there. Your product or service may not be able to change your customer's destiny, but you can help him or her feel that their decision to purchase from you will help them be successful at something.

Selling baby diapers? Your diapers can successfully prevent leakage. Selling batteries? Your batteries can successfully start the car each morning. Selling cleaning supplies? Your supplies can help them successfully clean their house better. Let your visitors know what they will be successful at with their purchase.

The other side of this is that people also want to see that you are successful. Your success--or lack thereof--is inferred by how your website looks, the number of employees that work for your organization, or possibly even the number of clients you have. A business' success is determined mostly by superficial perceptions. If visitors perceive that you are successful they will gravitate to you based on that alone. After all, you must obviously know what you're doing if you can afford a great site, X number of employees, to charge outrageous fees, etc. But be careful here as well, success can often create a negative perception of you or your business. You might be considered too successful to be able to give them the time or quality your visitors expect.

If you are able to build strong relationships with your website visitors, even perceptually, this will give you a significant sales and marketing advantage over many of your competitors. Building these relationships alone won't make your business the most successful in your industry--there are many other factors involved--but relationships are a crucial factor in being able to establish and maintain long-term customers. Every marketing dollar saved by not having to seek a replacement for a former customer that now shops elsewhere is an additional dollar (plus additional sales profits) that can be spent in obtaining and maintaining new customers.