The Honest Businessman Report

Internet Business Advice You Can Trust! 

Bryan Jones, Senior Consultant

10.15.2007
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Editor's Note

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.

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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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Featured Article
 

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.

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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?


About the Author: Jerry Bader is Senior Partner at MRPwebmedia, a website design firm that specializes in Web-audio and Web-video. Visit http://www.mrpwebmedia.com/ads, http://www.136words.com, and http://www.sonicpersonality.com. Contact at info(a)mrpwebmedia.com or telephone (905) 764-1246.


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Picture of the Week

Can You Guess What This Is?

This is a 5 Meg Hard Disk in 1956.

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!

 



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The Honest Businessman Report

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B. Austin Jones and Associates, LLC
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614-558-1372

Copyright 2003 - 2007  B. Austin Jones and Associates

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