Monthly Archives: March 2012

US FTC Law Changed 1st March 2012 On Business Opportunities

If you offer anything at all that could be interpreted as a ‘business opportunity’ then you absolutely must read this article on the new disclosure changes that came into effect on 1st March 2012.

One massive change is that you must supply full details of the purchaser if you publish their testimonial, and by full details, this means their telephone number too!

On top of that, if the buyer buys to resell your product, then you also agree that they can publish your full contact details too.

In short the US government is cracking down massively on claims made by companies and individuals that lots of cash can be made using their scheme.

Now, here’s the thing. Even if you are not located in the USA, but are selling items that could be bought by US citizens, don’t think you are immune!

Check out the specifications here (with thanks to the Internet Marketing Law Centre for this):

http://internetmarketinglawcenter.com/ftc-bizopprule.pdf

What is Trust and How To Get It for Business Success

What is trust is a massive question for marketers or anyone researching some product or service they need or want, so what is the first point of trust you look for?

These are a few trust indicators I can think of:

  • Social Media (Facebook likes/shares, Google+, Digg etc.)
  • User Comments/Feedback (on blogs and shopping sites)
  • Online/offline reviews (online product reviews, magazine reviews etc.)
  • Brand Recognition (well known brand)
  • Abundance (i.e. the product seems to be everywhere)
  • Celebrity Recommendation (‘endorsed by’ etc.)
  • Personal Recommendation (from friends or family)

So which is your top one? And equally importantly, do you see one omission?

Personalisation

what is trust image of meercat toy

I Trust Meercats :)

The one thing missing from the list above is the trust gained by knowing the owner of what you are after.

It could come under brand recognition, and if it were, say, Sir Richard Branson, then that would make sense, but the question is, how many small businesses push personality as one of their top trust signatures?

Take a look at all the top brands. How many actually do this? I would love to know if any research has been done, but my gut feeling is that only those companies that are still driven by the founder use personality to sell trust.

Now that Steve Jobs is gone, will Apple’s PR machine use his name? I don’t think so. In fact in just a very short space of time since his death, the media has lost all interest.

And this despite the fact that Apple are now the largest ever company in history to make up more than 4% of the US stockosphere! (movement in Apple shares are now skewing US stock exchange figures).

This is one of the big problems with corporates. We all know them as faceless, non-caring, profit-grabbing entities.

So what does all this mean for small business owners?

For a start, you need to pay attention to ALL the trust indicators. You need every weapon you can possibly get your hands on. You want to succeed, right, so that means you must be a ‘better’ version of whatever it is you do than all your competitors.

And that may as well start by personal branding. The reason for that is simple. From the list above, the biggest trust signals are recommendations starting with your friends and family. They care for you, therefore they have your interests at heart.

If you concentrate some of your effort on YOU, the brand, then others will notice, and once they start to notice, recognition gets easier and easier.

Get yourself out there. The more you interact with your audience, the more they will return your interest.

And the best way to get started is to make sure your message is as clear as possible. Here’s the question you need to answer right now:

What do you do?

If you start meandering all over the place with your answer (or you have none at all), then you have some work to do.

Now ask your competition what they do?

Finally, compare answers. Who would YOU go with?

So, what is trust? Get that, and you increase your chances of success.

Build Your LinkedIn Network And Build Trust

LinkedIn network screenshotI have been a member of the LinkedIn network since 2007 but really have not made the most of it until recently.

Having spent the last few years watching the underground internet marketing industry, I get to see trends earlier than many, and the LinkedIn network is right there ready to explode.

In fact, it is already growing more rapidly than ever, but most businesses have little to no idea how to use it effectively.

Facebook vs LinkedIn Network

Facebook is still the favourite amongst marketers, and it is now in the position of being able to generate vasts amounts of cash, hence the flotation recently announced.

Internet marketers have developed literally hundreds of commercial tools to exploit the power of Facebook over the last year, and LinkedIn is next.

To give you an idea of what I’m talking about, FB FanPages have been the centre of attention, especially the ability to lock content and then use the FB Like button to unlock it (or the use of ethical bribes to get ‘likes’).

And now with the addition of TimeLines for FanPages, there is already at least 20 tools being developed to exploit it (and I am not talking about FB Apps, these are new plugins, skins and other software).

So, what’s so special about the LinkedIn network and why is it the next big thing?

Take growth. Although LinkedIn is only around a fifth the size of FB, it is growing far more rapidly. And remember, FB is targeted at everybody, whereas LinkedIn is targeted at business professionals only.

Now take a look at LinkedIn groups. The ability to create your own groups and invite people to join gives the group owner immense power.

Add to that the ability to create an ‘open’ group so you can use it to let the search engines know about you, and you have a superb marketing weapon.

Then take LinkedIn answers. This works in a similar way to Yahoo! answers, so it another supreme targeting tool.

The possibilities are almost endless, and now is the time to take action and build your network.

If you want to learn more about the LinkedIn network and other marketing tools and ideas, join my Business Success Club by entering your name and email in the form on the right.

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