Posts Tagged ‘online business’

Building Your Personal Brand in 2009

March 12th, 2009

People talk a lot about building their personal brand or building equity in themselves or their online business or any type of business for that matter. In no time in history has this been easier to do than today with the free access anyone with an internet connection has to social media and networking tools.

You can head over to blogger.com, start a free blog, and start disseminating your message to the world. You can buy a webcam, hook it up to your computer, make a video, and upload it to Youtube. Someone across the country can watch the video you made today a few minutes after you upload it. And this costs you nothing. Well, that’s not quite true. It costs you time. But it’s time well spent.

Still, like most people, you’re probably wondering how to get started, or you’re probably thinking, “just what does creating a personal brand mean?”

Your personal brand is about honesty. It’s about providing value. It’s about transparency. There is no more hiding when every one is walking around carrying a video camera attached to their phone. Shady business deal are harder to pull off when people can Twitter a thousand people and let them know about the jackass who tried to rip them off.

The new way business will increasingly be done is through a more direct, personal channel. I don’t care if you’re a writer or a real estate agent. You can start building your market share by accepting the fact that you are your brand and you need to take the responsibility of how you do business. If you provide an amazing service or an amazing product and have a sincere desire to do right by your customers or audience, you are the kind of person who will succeed in 2009 and beyond.

Personal branding isn’t about a logo, or a header on a piece of paper, or a sign on a lawn. The new branding is about service, value, and transparency–three keys to success that really aren’t that new.

The best way to be successful in the “new economy” is to do your best to serve your “audience.” There is no marketing better than having a few “fans” who love what you do and tell everyone they know about it. The way you get these evangelists is by bending over backwards for them and providing amazing service and value. Nowhere is the idea of good karma more evident than in building a personal brand. You give a lot and you will get a whole lot in return.

10 Freelance Tax Deductions

February 4th, 2009

If you’re like me and you do freelance work and maybe own an online business, then you probably are not looking forward to April 15.  Unless you’re very organized or have been in the game for a while, then you probably owe some taxes.

Working in the freelance capacity is really more than just a work style–it’s a lifestyle.  You really have to learn how to take care of everything yourself.  There is no HR manager telling you what forms you need to fill out or suggesting certain health plans.  It is all on your shoulders.

This can be a liberating thing, but it also can come back to haunt you if you’re not prepared.  Paying taxes on your earnings is probably one of the most important things you will do if you work for yourself.  This is something you need to plan for, save for, and keep in mind as you conduct business throughout the year.

If you can keep track of expenses, receipts, and earnings, then your April 15th date with destiny won’t entirely suck.

Read this list of Tax Deductions to get the gears moving.

Starting an Online Business in 2009

January 27th, 2009

An online business can take many forms.  There are e-commerce sites, affiliate sites, corporate sites, storefront pages, and blogs.  Yes, a blog can be considered an online business.  In fact this article is primarily about this kind of business.

If you want to start a business online, then a blog is a great way to start.  For one, it is very easy.  Secondly, you can do it for free–although you may want to create a more professional looking site that you will have to pay for.  Thirdly, it is a great way to talk directly to your customers.

Heck, at this point you may not even have customers.  You may just want to start a content site, where information or entertainment is your “product.”  But if you do have a business of any kind, why not start a dialogue with other people out there who are in the same industry or may be interested in your product or service.  Starting a company website is a great way to do this kind of thing.  It will allow you to keep up on industry trends, new business opportunities, and may give you the edge necessary to move past your competitors.

Blogs have really caught on because they are a direct, rather informal means of communication.  You get the feeling that you are directly communicating with someone when you read their personal site and when you leave comments, you feel that your voice is truly being heard.  If you can leverage this kind of direct communication with your target audience–the people who have anything to do with what you do–then you will be able to create a new avenue for creating business.

Many blogs operate as free-standing online businesses.  You can make money online with content and content alone.  If you are lucky enough to be able to write really well and attract web surfers with your wit or you inside information, then you may be able to earn some money for your efforts.  Once you create some sustainable, natural, targeted traffic, you can monetize that traffic and get paid per impression, click, or action (meaning someone makes an actual purchase from your stock or that of an affiliate program).

Many people build sites for the sole of purpose of internet marketing and affiliate sales.  It is easy to tell when you are on one of these sites, because there is either too much enthusiasm for a certain product (or products) or it just doesn’t seem genuine.  The best blogs out there have a lot of enthusiastic readers (and tons of comments left by them) and this is usually a result of the person having a lot of “trust” and being perceived as genuine or an insider with specialized knowledge.

I guess the first step to creating an online business is to figure out what you want to sell, what knowledge you have to share, or what you are really interested in.  The closer to your heart your business is, the easier it will be for you to work on it.  By picking something you like to do, you will make your job ten times easier and if you’re lucky it may never feel like a job.

There probably has never been a better time to be an entrepreneur than today.  The internet speeds everything up.  You can technically start your business as quickly as you can type your first blog post about your industry, product, observations, or knowledge.

Say you work for a web design company.  You can start a blog about what it’s like getting started in that particular business, the trials and tribulations you go through in creating contacts and getting work, and things you do to get over the rough patches.  This is information people will want to read.  And hopefully, it will get you some more work opportunities.  Or it not, maybe that site ends up earning you some extra cash each month.  The internet is still in its infancy.  The possibilities are endless.

You can start a website for free at blogger.com.  It is a very easy to use platform (once you get the hang of it) and you can even start more than one site.  Internet business is a tricky, well, business, but why not jump in and see where it takes you.  I will write soon about some of the way to promote your site and get readers to see your work.

What Separates Entrepreneurs from Employees?

January 14th, 2009

The obvious thing that sets entrepreneurs apart from employees is that entrepreneurs work for themselves, while employees work for others.  This is obvious.

But the thing that I think really separates these two types of people is a mindset.  Entrepreneurs like to be in control of what they are doing, they’re passionate, and they are ambitious.  They also don’t know they’re place and don’t need someone to tell them what to do, although, if theyr’e any good, they can take advice and really listen to other people.

Employees have the comfort of a steady paycheck.  They tend to know what they are going to be doing day-in day-out.  They hope to slowly climb the ranks in a given company, get raises, use vacation and sick time, and get a Christmas bonus.  Employees may end up making good money, but they might not ever make great money.

Since a dominant percentage of people work for other companies, it is hard to really separate them out from entrepreneurs in terms of personality or characteristics–it’s far easier to separate out entrepreneurs as a group since there are less of them. Employees may just be where they are because they’ve always worked for other people, have gotten used to the security and the 401k and the health insurance being taken care of, and haven’t had the initiative to move on and try other things.  Either that or they are making a lot of money.

But I think that everyone should experience working for themselves.  It teaches you a lot of things about balancing your own books, paying others for services, and it teaches you one more thing.

It teaches you not to be afraid of not having a job. You can fend for yourself out there in this world.  Read more about online business here at my blog.