Your Business is Losing Control so Choose to Let Go of It

From Business Blog Summit (this is another essence of web 2.0):

“Businesses are used to a level of CONTROL that is no longer possible, and that’s scary. The sooner you get over that paralyzing fear, the better.”

Instead of control, instigate response. You may not be able to control the message or what is said but you can quickly see exactly what is being said and respond to it (authentically). That way you go from being talked about to being part of what is being said. You join community. You build respect and trust, which is the foundation of a solid brand.

The Long Tail According to Me

In my words, the “long tail” everyone talks about in one sense is that online there is practically unlimited space. In a store you can only fit so many different products. So you focus on the products that will sell best. On the Internet you can list thousands of products even those that get low sales volume. Those few sales can incrementally add up to a lot of revenue potential.

Business Mistakes of the Year

This is an insightful, sometimes funny, sometimes tragic list of 101 business mistakes and blunders of 2006. This is published by one of my favorite magazines, Business 2.0.

Stress is a Choice

“A lot of stress is self-imposed, and it gets in the way of good ideas.” – CEO John Vanderslice of Miraval

Super Affiliate Sucess Secrets

Affiliate Marketing Tips Newsletter from Super Affiliate Jeremy Palmer

There was a time when people would hang on any word they could get from Jeremy Palmer. And they didn’t get much. However, I’m noticed that Jeremy has a new openness and increased visibility in the industry.

Yesterday I got his email newsletter and it’s amazing. He tells quite a bit about his strategy. He still makes 50% of his money with online dating. He tells about his strategy and helps you capitalize on Valentine’s Day. Best of all this quality information is free.

I know Jeremy and he is a millionaire off affiliate marketing. He keeps doing better every year. He calls his newsletter the Success Series: sign up at the Quit Your Day Job web site. Or, get it on Jeremy Palmer’s blog. It would be ideal to syndicate on Affiliate Flash. Now if I could just get in touch with him (I don’t think he’s any less busy) ;)

Money in the News: Shoemoney and Ryan Money

I’ll start out with the biggest news. For the first time that I know of, a famous blogger is being subpoenaed over comments on his blog. He didn’t actually make the comments but he quoted them. I met Jeremy of Shoemoney at Affiliate Summit for a brief moment. His blog is in the top 100 blogs. Yeah, while others in my state are trying to spot film celebrities, I’m in Vegas, flagging down a famous blogger.

Another Money was quoted in the newspaper today - Utah entrepreneur and blogger Ryan Money. The Salt Lake Tribune reported about how real estate web site Zillow.com often grossly overvalues or undervalues the price of homes. They also get a lot of details wrong, like the square footage. I guess it said the value of his Sugarhouse home was $1.8 million and it’s really worth less than half that. Money notes he’s still a Zillow fan.

Where We Spend Our Time Online

Compete.com asked: “which websites are more successful in capturing
our attention compared to others?” or where do we spend the most time online?

The top 20 domains attract almost 40 percent of the average websurfer’s time. I’m guessing 80% of that time is spent on MySpace.com - a community. MySpace takes up 12 percent of the total time spent anywhere on the Web. Users spent almost 28 billion minutes at MySpace in December (math wizards, how many hours is that a day?)

Yahoo! and its properties capture 8.5 percent of our time, followed
by MSN and eBay with 3.7 percent, Google with 2.1 percent, and AOL
with 1.7 percent.

The Top Ten Websites Ranked by Total Time Spent

1. Myspace
2. Yahoo
3. MSN
4. eBay
5. Google
6. AOL
7. Pogo
8. Facebook
9. Amazon
10. Craigslist

Defining Community

These questions have been on my mind lately: What is the nature of community? What things promote and expand community online? What facilitates community? What destroys community? How do we find community? What are the benefits or potential drawbacks of community? I’m assuming most people want to be in community in some way (as opposed to being alone). I think generally speaking communities have an enormous potential to improve life for the people involved in them. This is like a Yepic piece in that I want it to be collaborative. I know it’s rough, but please chime in. Here are my thoughts so far:

  • Unwelcomed Guests - or communities are opt-in
  • I used to get crazy mad when communities excluded marketers based solely on the fact that they are marketers. I have more understanding now. Marketers, like people, sometimes think it’s all about them. When you enter a community with a mindset of "what can I get out of this" it is exploitive or abusive. It destroys community. If you take and never give to a community you destroy it. Communities are collaborative. Marketers who just go into communities to sell something are unwelcomed guests and get treated accordingly. Instead, think in terms of mutual benefit or contribution. Some online gurus want to make money. So they find community with people who want to give up their money (gullible dreamers, usually). Other experts are more concerned about their reputation and the company they keep.

  • Communities are to a degree exclusive
  • Communities have to be exclude to some degree or form alternate communities to accommodate splinter groups. If you let people into your community (or affiliate network) who offend members of the community, you destroy trust. Even if you don’t have a moral objection to something personally, you have to think in terms of the community. For example, if you let CPA networks into your network and they are shady, you taint the whole community. Ultimately this can hurt business, at the least it will encumber it. You’ll spend more of your time policing and taking complaints from more responsible members of the community that you could spend building it.

  • Communities have identities
  • Is your product is marketed to women, then find communities of women both online and offline (Clubmom, Today’s Mama, TheKnot.com, etc). Get to know the qualities and parameters of the community before you approach them as a newcomer. Look for ways you can add to or complement what is there. You can’t fake this. When communities are engaging people stay longer and give more. They will even do free work for the sake of the community.

  • How Web 2.0 Sites Build Community
  • Part of web 2.0 is making it easier for communities to interact with and find each other. Trackbacks, comments, and tags are ways to build community online. I think often the strongest online communities are forums. The bloggers 2000 list is another way of building community.

  • Communities involve proximity
  • Whether online or offline, communities have a defined space. If you make communities hard to find or make people do extra work to be part of them, you’ve missed an opportunity. At conferences, if the place to hang out and talk is too far away from the classes or where people congregate it makes it harder to build community. People will create their own with pockets of community all over (like the women’s restroom, lol). When you plan something, think of ways to bring community together. One of my favorites is to identify groups of people within a larger group and make it easy for them to find each other (like a blogger’s lounge). This is why Craig’s List is so strong. It’s a bunch of local (city) communities. He hasn’t tried to tie them together. There are strong rules in the community and in general it’s keeping the community valuable. It is the same with wikipedia.

    Ways to hurt community:

    • Don’t be transparent (lie or be slightly dishonest).
    • Plant comments on your own blog (instead of creating content that people care about - are you talking with people or at them?).
    • Expect generosity from others but don’t give it back (expect people to give you there time and expertise free and then when it’s your turn to be generous, be stingy).
    • Get all the high quality links you can to you but be very selective about giving them out.
    • Don’t listen. Be closed off to feedback. Assume people are static, never-changing people. Treat them as such. Don’t trust them.

    Communities are like families in that there are always members who annoy you or who you wish would go away. You might tolerate their presence. They are part of the community too. Communities almost always have members who challenge them.

    Affiliate Marketing Radio

    I added a new page link to affiliate marketing radio shows via a Webmaster FM RSS feed.

    Super affiliate Jeremy Palmer is the co-host. They are great quality. You can listen to a show live for free. To get recordings you pay per episode (they should offer monthly subscriptions).

    Affiliate Marketing eBook by Jeremy Palmer

    [tags] affiliate marketing podcasts, affiliate marketing radio, super affiliate Jeremy Palmer, Jeremy Palmer, affiliate marketing, webmaster fm [/tags]

    Jeff Barr is Coming to Utah

    Jeff Barr, Amazon.com’s web services evangelist, will be in Utah this February 8th (a Thursday). He’ll be at a geek dinner and he’s speaking at Provo Labs. Don’t miss it. I heard Jeff speak at Affiliate Summit and he’s brilliant plus personable.

    The dinner will be at Los Hermano’s in Lindon (I’m so not a fan. bland Mexican food: everything tastes the same no matter what you order but locals love it for some reason) at 6pm. Provo Labs details coming soon.

    [tags] Jeff Bar, Amazon.com, Provo Labs, Affiliate Summit [/tags]