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Five Really Cool Ways to Blow It on the Internet
It really is quite easy. You can blow it on the Internet by having the wrong assumptions. Perhaps we can learn what to do by looking at what not to do. Here are some ideas that will help a company to go out of business on the Internet fast.
Five really cool ways to blow it online
You don't have to blow it online. By rethinking some of the hype that occurred in recent years and focusing on sound business principles you can succeed online today and in the future. George Colombo in his new book, Capturing Customers.com says that the Internet should be part of the solution. The old ways of reaching customers is still valid. We have to look at the Internet as another channel by which we reach customers. It is another technology like phones, fax, radio or TV. Actually, the Internet has lots of features from each of those communication tools. Remember that the Internet doesn't change the way people want human care and interaction. The Internet is simply another way to reach customers. It is a very important tool and should be used properly. You can use the technology of your website to get feedback from people. Use forms. Call them on the phone. I remember Scott Cook, formerly with Intuit, which makes Quicken, told me that he would make it a regular practice to get on the phone personally and talk to customers every week. He's ask them what they like and don't like about the product. The power of Quicken and its place in the market came about as a result of this and other sound business principles. No matter what your business, don't forget the importance of that personal contact via phone or in person with real, live customers. This is the time to grow in today's economy. Economic cycles have been with us throughout history. Think of them like the change of seasons. We are entering a Winter time now but Springtime is just around the corner. Prepare now for the great opportunities. Think back long ago when things were going strong (you remember, about a year ago?). We heard about the dramatic growth in companies and how their stock prices had done so well. Then we wished that we had invested in those companies years ago. Well, today is the "years ago" time to invest for the future! Look for value and sound principles. A dose of reality: Just as the dot coms learned that you can't build a business on stock price and hype alone, the market should learn now that doom and gloom aren't reality either. Wisdom from the ages has often said to now keep all your eggs in one basket. Andrew Carnegie modified that by saying, "Keep all your eggs in one basket. Then watch that basket very closely." I think what the great industrialist meant was to focus. He did have many "baskets" going during his life. He focused on one thing at a time and made that enormously successful. Focus with laser beam intensity on one project at a time and complete that successfully. Then move on to other projects. You'll also do better on the subsequent projects as you gain from a better knowledge base, experience and confidence level from past successes. There are enormous opportunities now. It is a time for rethinking the strategic role that technology will play in your business future. It is actually very good that the river of venture capital cash has slowed. Now the cash has to come from serving customers---that means from sales. Now, there's a concept! I think that in the long run most of us will be better off if we have to figure out early on how to serve customers and not worry about having someone fund huge amounts of venture money. Think bootstrapping. This builds lots of critical skills. It is too easy to get fat and happy when cash is sloshing around too easily. So we don't have to blow it online or offline. Instead, now is the time to marshal your forces and move forward. Terry Brock is an internationally recognized professional speaker, consultant and author in the fields of business productivity, technology and marketing. He is a syndicated columnist for Biz Journals across America and can be reached at 407-363-0505 or by e-mail at terry@terrybrock.com.
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Copyright Terry L. Brock 2004 ::
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