Welcome to the The Honest Businessman
Report Newsletter!
Video is everywhere! It is no longer used for
just entertainment, but has become a normal part of our
society. Where I live in Ohio we have a giant video screen
downtown on one of the office buildings (ala New York City.)
Whether you walking or driving, it pulls you into
watching.
It's this psychological "pull" you want to
take advantage of. Video is here to stay. So what
are some good ideas you can use video for?
Read on...
In this Issue: 1. Featured Article
- Video In E-Commerce! 2. Featured Article
- Six Questions That Produce Successful Web
Advertising 3. Picture of the Week - Can
You Guess What This Is? 4. A Video Tutorial -
How To Make Money With Adsense
Featured
Article
SUBJECT: Video
In E-Commerce!
The
most common misconception people have for internet audio
and
video applications are with their usage. More often, video
with
audio, or one of these alone, are viewed as materials for
entertainment
or leisure in the internet. This misconception is beginning
to fade fast.
The
most obvious reason is the way audio and video are used as
teasers
to wet the appetites of prospective customers. The best
examples
of all websites that use this method are the shopping
websites. These websites that sell hot selling products
will
design their web pages in such a way that highlights of a
whole
movie are embedded within the web page. In this
manner, they hope to persuade the browsing public, who view
the
partial material, to purchase the product. In simpler
terms,
a viewable movie trailer is added to the
site.
For
commercial vendor websites that primarily sell movies and
music,
video and audio utilities are an integral part of their
marketing
strategy. They understand that most people want to see
and/or
hear what they are buying. They know that using video and
audio
to show their merchandise to customers wins half the
battle
for them to get the customers to buy.
For
websites that are focused on selling published materials
like
books and audio books, a few narrated passages or several
sample
chapters of the material encoded in audio files is a good
way
to encourage a customer to buy their product.
Furthermore,
testimonials of previous customers have a better chance
of being noticed than those that are just encoded in
text.
Most people usually go to a website for a specific reason.
For
example, one person wants to buy an independent video but
he/she
does not know which independent video vendor website
to
go
to. This person will use a search engine to find what he/she
needs.
Once found, that person will go directly to the part of
the
website where the video he/she is looking for
exists.
In
cases like these, the home or welcome page is bypassed where,
most
likely, all of the testimonials are situated. With audio
and/or
video applications installed in the web site, the testimonials
can be streamed to the customer automatically to whichever
part of the website he/she is in. Of course, using
audio/video
streaming now to project your testimonials is a bit
extreme
at the moment. However, future technology will make
audio/video
streaming a material of lesser bulk in terms of data
transfer.
There will come a time when the whole internet can be
browsed
by vocal commands.
To
get back to the subject at hand, the ability of being able to
project
your merchandise, testimonials, and other points you
want
your customers to be aware of, by using audio/video
technology
is limitless and powerful. A single video clip lasting
around 10 seconds is no longer considered a huge burden
as
far as electronic data storage is
concerned.
What
can you, as an entrepreneur, place into a 10 seconds long
video
so that you can gain your customers’ trust or make them
aware
of your other merchandise? Now, 10 seconds is a relatively
short
time, but it is plenty enough time for people to convey
several
points of view. If a 10 second video is worth more that
a
lot of text writings, what more a video that is 20 or 30
seconds
long?
Internet
audio and video streaming technology is getting more
and
more sophisticated. All you have to do is look around you
and
you will see people watching videos and listening to music
with
their I-pods, MP3 and MP4 players. Incidentally,
the best sources
for their audio and video needs can be found on the
internet.
So, imagine all the audio/video data streaming, downloading
and uploading around in the internet, and you will
have
a good idea of just how measly a 10 second video is in
terms
of today’s technology.
To Your Success,
Bryan
Jones
P.S.
As I said, the
use of audio/video streaming on the internet is
a powerful marketing tool. However, the technology for it
has matured
enough in that audio and video files use more space
from
storage devices such as hard drives and I-pods. Already,
hard
drives of computers have transcended the megabyte barrier and
are
now storing gigabytes of data (one gigabyte = 1,000
megabytes).
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month?
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"show" you. Just watch and learn and succeed!
SUBJECT: Six Questions That
Produce Successful Web
Advertising
You
would think that everyone in business would be able
to tell you what they do and why you should be doing
business with them; unfortunately the sad truth is many
business executives can't. In fact one of the biggest
problems in designing websites has always been getting
appropriate raw material that can be turned into
meaningful presentations: a handful of badly written
brochures and a few out-of-date photographs are not
going to make much of an impression.
And now that the Web has involved into a
sophisticated communication platform, able to deliver
audio and video content, the problem has become even
worse; not only do websites need to deliver appropriate
copy and image content, they need to present audio
dialog and video performances that demonstrate how
products and services improve the business or personal
lives of website visitors.
As a company we are good at what we do, we can
turn the mundane into the memorable but we can't do it
if clients don't know or can't express their own
marketing story, or are unwilling to allow their
multimedia advisor to develop that story for
them.
At the heart of the problem is fear, fear of making a
definitive statement, declaring loud and clear what you
do, and why anyone should care. It's no longer good
enough to apply technical solutions to marketing
problems: you are not going to engage your audience with
SEO, XML, CSS, or PHP. You must have a story to tell and
you can't be afraid to tell it as boldly as you can.
Do You Know Who You Are and What You Really
Do?
We know who we are and what we do: we deliver our
message knowing that some people are just not going to
buy into what we have to say, but those that do get it,
really get it, and they are our potential clients. As
far as the others are concerned, well, there's lots of
business for everybody, and nobody is going to get it
all.
You can't be afraid to loose a customer you never had
in the first place. In our case our job is clear: we
deliver marketing stories using Web-video
and audio in memorable Web-presentations. We are not
afraid to tell clients that they need multimedia, and
that an over dependence on search engine optimization or
any other technical answer is a mistake - a big
mistake.
Are You Doing All You Can To Attract
Business?
There are many methods that can be employed to drive
appropriate traffic to your site: search engine
optimization is only one. Have you written and published
articles and advice on what you do, have you created a
blog or a MySpace page to create a community of
interest, or have you issued press releases on new
developments and product releases? If you're relying
solely on search engine optimization as a substitute for
marketing, you are not doing everything you can to
attract new business.
Even if your search engine tactics are attracting
large numbers of visitors to your site, what is your
conversion rate, how long are people staying on your
site, and do you have enough compelling content to get
them to come back?
If you're in the business of selling banner and text
ads on your site, if that is how you make your living,
then lots of random traffic may serve your purpose; but
if you are in the business of providing something useful
to people, then you better pay more attention to what
your visitors see once they arrive on your site. After
all, all the traffic in the world is useless if those
visitors don't get your message. It all starts with the
message, so what's your message?
What's Your Story?
Crafting your marketing story is not as easy as it
sounds, and you may have to let go of some outdated
thinking in order to bring your story to life.
Web-videos are not feature films or even viral videos
intended to show how clever you are. You are making a
commercial: special effects may be cool but they are not
a substitute for a finely crafted script delivered by a
professional performer.
Websites Don't Close Sales, People Close
Sales
Web-videos are designed to make a statement: "this is
who we are, and this is what we do, so contact us to
find out how we can change your life." Websites create
leads, not sales; so don't expect your Web-video to make
the sale, that's your job.
Now you know the purpose of your website
presentation, it is time to figure out what you want to
say. Below are a series of questions that will help you
develop your marketing story.
1. How will your product or service change your
customer?
All stories or marketing messages have to do with
change: a cosmetic company provides change from plain to
beautiful, from self-doubt to self-confidence. A vitamin
supplement supplier provides change from poor health to
good health, from sluggish to vitality. A self-help
motivational program provides change from defeat to
victory, from depression to wellbeing, and so on.
All good marketing stories highlight the
change that your audience wants to make in their
business or personal lives. Go deeper than the obvious
look for the psychological, emotional, cognitive or
spiritual change your company delivers.
All successful campaigns are about change. People who
are satisfied with their work and life aren't motivated
to be customers; you want to target people who are
motivated, people who want to be better, stronger,
smarter, prettier, healthier, and richer; people who
want more out of work and more out of life.
If your audience isn't motivated to change and if
your product or service can't deliver that change, then
you're wasting your time and your money.
2. Is what you have to say different?
If you are saying the same thing, the same way as
your competition, you're in trouble. You must
differentiate yourself somehow; you must standout. Your
product or service must provide something different. The
world is full of 'me-too' companies, businesses that do
the same thing as dozens of other businesses. You must
find that unique something in what you offer that makes
you different; that says you are not a follower but a
leader.
If your product or service is substantially
the same as your competitors, perhaps you should market
it differently, or maybe you should concentrate on the
'High Concept' need it delivers, rather than the
standard 'same-old-same-old' that everyone else is
touting.
Which one of 'Maslow's Hierarchy of Needs' does your
product or service fulfill: physical, safety, social,
self-esteem, aesthetic, cognitive, or
self-actualization? Chances are your competition has
completely ignored the psychological and emotional
marketing angle and is focusing on specifications and
features that have little to do with why people really
choose one product over another.
3. Do you know how to tell your story?
You must have more than a story to tell or a message
to deliver; you must know how to tell it. Your marketing
should create a recognizable corporate image that
establishes a unique identity in the mind of your
audience. If your audience sees no difference between
you and the competition then you become
interchangeable.
Apple didn't capture the lion's share of the MP3
market just because their product is arguable better
than everyone else's, they did because iPods are more
than MP3 players, they are a life-style choice, clearly
delineated in commercials and advertising.
4. Can you say it boldly?
The meek may inherit the earth, but if they're in
business, they'll probably go broke. If you got
something to say, SAY IT, and say loud and clear. There
are just too many companies, too many websites, too many
advertisements, and too much everything to expect people
to pay any attention to you if you are afraid to stand
up and be noticed. Go boldly or don't go at all.
5. Who is your target audience?
Decide who you want to target and what motivates
them; then design your website, videos, and advertising
campaigns to trigger every hot button motivating message
you can. Develop your message so it speaks directly to
that audience.
Your message must have purpose, be focused and
concise, and deliver a clear impression of identity.
This means you can't be all things to all people. By
focusing on a clear audience with a precise message you
may even have a better chance of capturing non targeted
audiences: the fact that Apple iPod commercials are
aimed at a hip young audience has not stopped Apple from
capturing MP3 market share across all demographic
profiles.
6. Can you take the heat?
Last but not least, do you have what it takes to tell
your story in a way that people will remember? Are you
prepared to deliver your message in the boldest, most
audacious manner you can? Are you ready to give up on
none productive audiences and concentrate on those
motivated to say yes to your message? Are you able to
ignore the odd complaint or nasty email objecting to
your cutting-edge approach? Are you ready for the
Web-video revolution?
In September 1956 IBM launched the 305
RAMAC, the first computer with a hard disk
drive (HDD). The HDD weighed over a ton and
stored 5MB of data. Start
appreciating your 4 GB memory
stick!