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Blogging live today from the American Marketing Association Hot Topic: Ahead of the Curve – High Tech Trends in Marketing

Dave noted an interesting shift when it comes to consumers trying to own the brand, such as in a recent case with Southwest airlines, where Operations gets involved and takes precedence over marketing and the 'designed' brand experience. Customers tried to take control of the brand experience, Southwest's operations team shut the customers down. What's a marketer to do?

The real magic in consumer marketing is in the consideration cycle, specifically in the consideration phase, where word-of-mouth is an HUGE component. The biggest question that you need to answer for the consideration phase is:

Would my customer recommend my company/brand/product/service?

Who likes podcasting? People that have a story to tell!

How many of you have an 'audio recorder' in your home? ....hmm, let me bust out the old cassette recorder.

How many of you have a video recorder? Oh, yeah, got the video/digital/web camera right over here!

Video is powerful. And gaining traction.

Dave talks about education marketing (vs. an infomercial). Infomercial are pitching a product, where as 'education marketing' is all about getting after the things that customers are really interested and helping them be more effective in their complex purchases. It's about really helping customers through it. It's not for everyone. If you're not a category leader, or don't have a product that warrants an educated purchase, then don't bother. This is not for you.

Technorati Tags: AMA Hot Topic

Co-host Brad Forsythe interviews Darrel Rhea, Principal/CEO of Cheskin.  Darrel Rhea is a Principal and CEO of Cheskin and a passionate spokesperson for the design research industry. He has been a pioneer in incorporating market research into the brand design and product development process. Rhea is considered one of America’s leading strategic design consultants, having extensive experience managing industrial design, product development and innovation, graphic design, and brand identity creation. His qualifications for this commitment include a degree in design and psychology, many successful years in graphic design and entrepreneurial endeavors, and over 20 years with Cheskin. Rhea is a producer and leader of professional development seminars for senior executives in marketing management, market research, and corporate design management at leading corporations including Pepsi, Kraft USA, General Foods, General Mills, Clorox, 3M, Andersen Windows, Procter & Gamble, Pillsbury, Frito-Lay, AT&T, Motorola, HP and many others. He lectures regularly with industry organizations such as the American Marketing Association, the Design Management Institute, the Industrial Design Society of America, the American Institute of Architects and the Art Center College of Design.

For entertaining advice join hosts, Ray Schilens and Brad Forsythe, for a lively and informative discussion.

Co-host Brad Forsythe interviews Karen Jones, Vice President of Advertising, Brand and Promotions for DHL.  Karen Jones is Vice President, Advertising, Brand and Promotions for DHL and is responsible for building the DHL brand through advertising, sponsorships and brand identity. Ms. Jones’s expertise and experience lies in global brand building. She joined DHL from Hewlett Packard, where she spent 15 years developing the HP brand, working in a variety of marketing and communications capacities. She created a universally consistent brand image by transforming and unifying HP’s advertising and communications campaigns. Most recently, she served as the director of worldwide brand advertising at HP. Prior to her impressive brand building responsibilities at HP, Ms. Jones held several positions at Compaq Computer Corporation, including Director of Marketing for the iPAQ products. She has also owned her own marketing communications company, Ballast Communications.

For entertaining advice join hosts, Ray Schilens and Brad Forsythe, for a lively and informative discussion.

Co-host Brad Forsythe interviews Lance Still, Executive Vice President of National Promotions for New Line Cinema.  Still has been instrumental in expanding the company’s relationships with a number of blue chip partners. She has set up recent promotions with such national brands as Anheuser-Busch, Chrysler, Quiznos, Cadbury Schweppes, and Samsung.  Founded almost 40 years ago, New Line Cinema is the most successful independent film company in the world.  In addition to the production, marketing and distribution of theatrical motion pictures, the fully-integrated studio has divisions devoted to home entertainment, television, music, theater, merchandising and an international unit.  Still is currently developing promotions for New Line’s theatrical releases of Tenacious D in the Pick of Destiny, Hairspray, Snakes on a Plane and Mimzy.

For entertaining advice join hosts, Ray Schilens and Brad Forsythe, for a lively and informative discussion.

Co-host Brad Forsythe interviews Dave Balter, Founder and President of BzzAgent. Dave has over 10 years experience in marketing, previously founding and running two promotional marketing agencies, the most recent being sold in October 2001. He has also spent a number of years working for a variety of corporations, including Kessler Financial Services, where he managed direct marketing and affinity program implementations for Fortune 1000 clients, and Webb & Co., where he analyzed circulation and fulfillment operations, and performed statistical modeling for consumer catalogs. Dave was named to the "40 under 40" by the Advertising Specialty Institute in 2001, and "Top 7 individuals changing the face of beauty" by Women's Wear Daily in 2004. Dave holds a provisional patent in the process and systems of Word-of-Mouth marketing and research. He is also a founding member of the Word-of-Mouth Marketing Association (WOMMA), co-chair of WOMMA's Ethics Council, and a frequent speaker to corporations and universities on the subject of Word-of-Mouth and non-traditional media.

For entertaining advice join hosts, Ray Schilens and Brad Forsythe, for a lively and informative discussion.

Co-host Brad Forsythe interviews Susanne Lyons, CMO of Visa USA. Susanne is responsible for all aspects of brand, advertising and marketing services for one of the world’s most successful payments companies, and serves on the company’s Executive Management Committee as Chief Marketing Officer. She has held senior marketing and general management roles at some of the largest financial services companies in America. She also served as Chief Marketing Officer for Charles Schwab & Co., Inc. In her ten year career at Schwab, she held various marketing and general management positions, including Enterprise President of Retail Client Services, where she was responsible for 4000 customer service employees.

For entertaining advice join hosts, Ray Schilens and Brad Forsythe, for a lively and informative two-hour discussion.

Co-host Brad Forsythe interviews Asian branding expert, Jonathan Holburt - CEO of Holburt Consulting.  Jonathan has spent 21 years in advertising after a career start as an English teacher in Tokyo. He has worked on such major accounts as Procter & Gamble, AT&T, Kraft, Hewlett-Packard and Pepsi Foods while at Saatchi & Saatchi, Young & Rubicam and DDB. A native Californian who graduated from UCLA, Jonathan has spent 19 years in Asia, having lived in Singapore, Hong Kong and Tokyo. He started his marketing consulting company, Holburt Consulting, in June 2005 and has clients in Vietnam, China, Taiwan, Malaysia and Singapore. He has written a novel (which is in the process of being “optioned” for the movies) and numerous articles for the Asian Wall Street Journal.

For entertaining advice join hosts, Ray Schilens and Brad Forsythe, for a lively and informative two-hour discussion.

Co-host Brad Forsythe interview Brian Steinberg, the advertising columnist for The Wall Street Journal. Prior to being appointed to his current position in 2003, Mr. Steinberg was a special writer and the media business reporter for Dow Jones Newswires, the Company's realtime, electronic news division. As Newswires' lead media reporter, he covered many subjects and companies and edited "The Pitch," a weekly marketing column, which he originated with another reporter in September 1999. Mr. Steinberg joined Newswires in 1997 as a reporter covering the telecommunications industry. Mr. Steinberg was a business reporter and columnist for the Capital in Annapolis, Md., before joining Dow Jones. He has also worked as a news assistant in the Washington bureau of the New York Times and as an editorial assistant for Spy magazine. His freelance articles have appeared in the New York Times, the Washington Post, the San Francisco Chronicle, USA Weekend, Entrepreneur and Entertainment Weekly.

For entertaining advice join hosts, Ray Schilens and Brad Forsythe, for a lively and informative two-hour discussion.

Co-host Brad Forsythe interviews Jeff Diskin, Senior Vice President of Brand Performance for Hilton Hotels.  In his position, Diskin is responsible for providing strategic brand direction for the Hilton full service brand, targeting market share growth, meeting revenue targets, overall brand positioning, brand marketing, and establishing and maintaining brand standards. Prior to his appointment as Senior Vice President, Diskin served as President, Chief Operating Officer – Hilton HHonors Worldwide, and was responsible for the worldwide marketing and operations of the award-winning Hilton HHonors hotel guest loyalty program. He joined Hilton Hotels Corporation in 1989 as Manager of Business Programs, and later was promoted to Director of Business Programs for the company. Prior to joining Hilton, Diskin held a variety of account service, customer service, and creative management positions at Marketing Performance & Innovation (MPI), a subsidiary of United Airlines.

For entertaining advice join hosts, Ray Schilens and Brad Forsythe, for a lively and informative two-hour discussion.

Online visibility and online traffic are, quite naturally, of paramount importance to everyone and anyone marketing or conducting business online, period.

While RSS will not perform as your key tool to improve online visibility and generate more traffic, its importance for helping you do so cannot be disputed.

It will help you:

• increase your traditional search engine rankings;
• improve your online visibility by making your content available where people are increasingly searching for new content, such as RSS search engines and content aggregation sites;
• drive traffic from other websites covering your topic, by helping you make your content available at these websites more easily.

Deliver Your News to Where It's Searched For: Generate Traffic From RSS Search and Content Aggregation Sites

The fundamental media shift is not only happening between offline and online, but within online itself as well.

Just a few years ago the search engines, the largest portals and news sites, were more or less the central hub of where online users got their online information. They still are today, but are now challenged by the growth of new online search engine and content aggregation website categories.
It's quite simple.

Go to Google, Yahoo! or MSN and do a keyword search. What you get are somewhat the most relevant results for what you're looking for ? but without a timestamp. Search engines provide results based on universal relevancy and not on recentcy.

But what if you're looking for the latest relevant content, instead of just the most relevant content?

Enter the news engines, content aggregation sites and RSS search engines. Instead of providing results by universal relevancy, these sites provide results by actual recentcy, with of course a better or lower level of relevancy.

The point is that these websites are starting to become the central hub of searching for news online and latest content online.

Google and Yahoo! know it too ? their own news engines are among the top of breed.

But what if you don't want to search for specifically the latest news or the latest general content, but just want to search for the latest blog posts pertaining to your topic of interest?

Enter blog search engines, which will only return results from blogs. And Google has one as well, although this one is not on top.

And so on ?

Why this matters to you?

If you want your latest content to be found where people are actually searching for the latest news and other latest content, even video and audio content, you need to start using these new search and aggregation site categories to increase your reach and attract new traffic ? traffic that is interested in what you have to say right now.

And the RSS connection?

Most of these new services, although not all, rely on RSS to receive the latest content just as it becomes available and then offer it to their visitors.

In many cases, RSS is the key tool that will get you indexed and then found and read, being used to get your content from your website to the service, which will then make it available to the world.

And additionally, you can expect to receive extra traffic from RSS directories, used by people who are proactively searching for new RSS feeds to subscribe to.

Rhubarb orchard I’m not sure whether this is a Sic! item or a note flagging an unusual usage. Andrew Turner was reading the label on a jar of Tesco’s Finest Champagne Rhubarb Yogurt. It was described as “Sweet and tender champagne rhubarb from selected fruit orchards blended with cream and West Country milk.” Yummy. I’d never speak of a rhubarb orchard but—as he points out—Google has a couple of examples. So what do you call a rhubarb growing ground if you don’t call it an orchard? A rhubarb field, presumably?

Wyatting A newish phenomenon in British pubs is the device dubbed the infinite jukebox, one connected to the Internet and so capable of playing tens of thousands of tracks. Some pranksters subvert the machines by choosing avant-garde tracks to disrupt the conviviality and also to stop others from playing the same pop tracks over and over. The favourite choices among the exponents of this cruel cultural warfare include Brian Eno’s ambient music Thursday Afternoon, anything by Philip Glass, and Robert Wyatt’s Dondestan, hence the name. The idea was mentioned in a New York Times article by Wendy McClure and then picked up by blogger Simon Reynolds and by others, though the name is said to have been coined by schoolteacher Carl Neville of South London, who described it as “the cowardly white muso boys anonymous attempt at provocation and civil disobedience”.

Michael van Swaaij, eBay's chief strategy officer, told a conference of software developers here on Saturday of plans to allow eBay's army of auctioneers to run contextual ads on other Web sites in exchange for a cut of the resulting eBay sales.

EBay's system differs from existing pay-per-click advertising systems offered by Google and rivals Yahoo Inc. and Microsoft Corp. by linking only to eBay auctions rather than serving as a generic advertising network.

The world's largest e-commerce site said it plans to provide hundreds of thousands of eBay auctioneers with simple snippets of code they can embed on other Web sites that showcase items that are for sale on eBay's site.

A test of the program, dubbed eBay AdContext, is set to be introduced early next week, Swaaij said. What goods appear in any particular advertisement will be determined by the keywords on that Web page, a technique known as contextual advertising.

I love my RSS reader. I have a gazillion website, blog and news feeds set up in there, and I get the latest information from all of my favorite sites. That means I can be one of the first to share it with you. And RSS Reader 1.0 has a doorbell sound effect that rings when there are new feed entries to read. So wherever I am in the house I hear it and take a look. I also get the additional bonus of six barking dogs to announce the new feed entries.

As an aside, I noticed something very interesting. Because of my RSS reader I was one of the first to cover adsenseblacklist.com, a terrific new web site that will help you screen out the cheesy AdSense ads. Because I was on it first, I popped up in the first five Google search results for this keyword for a while, which drove traffic to this site. So watch your RSS reader.

All that being said, we are beginning to see RSS used as auto update feature for websites and blogs. The first application was RSS feeds that automagically update your site with articles in your subject area from a free article site. The rationale is that this will give you fresh content that search engines will eat right up. They call it spiderfood. I call it a dumb idea. Have you read some of these articles? There's a wide disparity in quality from one to another, and I would never allow articles to be put blindly on my web site without my approval. For crying out loud...you spend hours and hours of time getting your site to a certain level of quality to build a certain level of trust with your visitors, and then you're going to allow some hack to put his content on your site without your approval, just so maybe a search engine will come a few extra times? That's just stupid.

Need more content? Turn off the football game and write some.

Seriously...if you want to use articles as supplemental content, hand pick them. Just like famous Internet marketer Wille Crawford did on his blog when he picked my article Chitika - What Went Wrong (a little humor there). I have at least 20 - 30 articles in an Outlook Folder that I'm going to post on the site as soon as a I get a chance. That's the good news - the bad news is I went through 500 or so articles to get those.

Closer to home, affiliate merchants are starting to get into datafeeds, which are sort of like file-based RSS feeds. Datafeeds provide direct access to merchant products using text files. The file contains a list of products, services, special offers, coupons or other information that you can display on your site. You then upload that information to your server and use some kind of tool or script to display the different items in that file. There are programs on CJ, LinkShare and Shareasale that have datafeeds.

While others are absolutely gaga over this, I look at it with the same jaundiced eye as the whole article thing - it all depends on your niche, the level of trust you want to maintain with your customer, and how technical you want to get.

If you have a niche that has a well-matched affiliate program, you might try a product feed. If you want to put up an occasional coupon or special offer, you can probably do it by hand rather than going through all of this mumbo jumbo.

We are starting to see products that convert merchant datafeeds to RSS, allowing you to auto-display products from affiiliate programs. Again, if you can maintain relevance across the entire affiliate line, it's a good idea. If not, you're not going to get conversion anyway, so you're wasting your time. Personally I want everything including the advertising, to have relevance to my visitors.

There's always a shortcut - in this case you're shortcutting the time and effort involved in finding relevant offers for your visitors. That may work with some sites.

If you want to know more or give it a shot, here are some resources:

1. FiveStarAffiliatePrograms - They love the idea, but I think they're plugging their own tool.

2. Smartsville has a nice synopsis. Oh...they also have a tool.

One last thing - while I was out looking for links and information, this is what someone said about using datafeeds:

Soon, I will let you know how I put this all on autopilot and never have to think about the blog again after I spend a few hours setting it up!

How do you think that blog is doing?

About the Author

Matt DeAngelis runs AffiliateBlog.com - A resource for Affiliate Marketing and Internet Marketing. Matt is the former CTO of Modem Media, a pioneer in the Internet ad space. As a foot soldier in the Internet revolution, Matt devised the technology behind many of the most successful ad campaigns of the time.

AffiliateBlog is his latest venture, and was started as a resource to help site owners and bloggers get more revenue from their sites.

Myth #1 - "It's easy, just put up a website and you're set for success"

Many perceive the sheer numbers of people online equates to enough of them coming to your site and making it consistently profitable. It doesn't quite work that way because if your site is out of sight, out of mind, then nobody knows it even exists.

Remember, when you search for something online, you go to a search engine, type in your phrase and you get pages of results. This is exactly what your customers do! Not only do you need to register on search engines, you need to be prominently registered - aiming for top ranking or at the least, second page results. Anything less will considerably diminish your chances of being found.

Now if you don't even register on the search engine radar, how will your customers find you?

Myth #2 - "Anybody can do it"

Very few people can do it right.

Attempting website promotion services on your own is disastrous. It is extremely time consuming and will greatly frustrate and disappoint if not done correctly. A lot is involved - the entire website promotion process is composed of several components that must fit together in a synchronised way in order for it to work properly.

Let's take just three of the many aspects of website promotion to illustrate this myth:

1. Keyword research
2. Copywriting
3. SEO Marketing

These form the backbone of any website promotion strategy, but how will you devise effective techniques for each of these when this area is not your company's expertise? Where will your company begin to research for keywords? Are they the correct ones? At what optimum density levels should they be used?

Your copywriting is crucial as is your SEO marketing. Who will write compelling and effective content to capture search engines, rankings and sales?

These are just three of the many components. All it takes is just one aspect to be done incorrectly and it can retard the whole process.

Myth #3 - "Presentation Is Everything"

In website promotion services, this couldn't be further from the truth. Content is what makes or breaks a site's effectiveness. If you put up a site with nothing except amazing graphics and flash, you have zero chance of selling anything. But if you put up a site with nothing but sales-pulling copy and rich content, you have every chance of securing business.

Presentation is part of the process; it's not the process itself. There's a fine balance that must be struck between visual appeal and effective copy. Professionals know how to integrate the two at just the right levels.

Myth #4 - "Sending Your URL to Thousands of Search Engines Is A Good Way To Get Business"

It's actually a good way to have your site banned or de-listed from search engines. Any company that offers to blast your site to thousands of search engines is a company worth putting on your blacklist. Unfortunately many businesses register thinking this technique works. All you are doing is spamming the search engines and they don't like it at all.

The best way to get business is having a results proven company put together a well planned website promotion campaign using the best experts available.

Myth #5 - "Website promotion is fast and yields quick results"

Whilst some aspects of website promotion are relatively quick, most of it is an extended process that takes time to research, develop, test and implement. It's not about getting a quick sale. Building trust and credibility with your customers takes time and often results in longer term relationships. Results are always contingent on the quality of the website promotion program. Naturally, profitable programs will yield much higher results over the same time period as mediocre programs.

The Author has put together a resource website strictly to educate potential and current business owners about website promotion. You can visit it at http://www.1web-site-promotion.com.

When you start out a home based business it's a common mistake to start off advertising your website. If you have a website with lots of things for sale on it you'll probably just end up confusing your potential customer. They may or may not be able to determine what it is that's for sale. Here are a few reasons why it's better to advertise a Splash Page/Squeeze Page vs. a Website.

1. If you're using Google Adwords to drive people to your site then you'll want to get sales for your advertising dollar. If you're paying for people to come to your website and they are confused about what it is that's for sale, chances are that they will click on through. If a splash/squeeze page is used then you can capture names, email addresses and a whole lot more useful information. By using the splash page/squeeze page you will at least get some information in which you can use for a sale down the road. Having a newsletter sign up on the splash page/squeeze Page will accomplish this.

2. If your using Traffic Exchanges for your advertising then you'll want to make sure that your surfing is all for not. Using a Splash/Squeeze Page to capture leads for your business is what people are doing more and more now. The splash/squeeze Page forces the surfer to put in info by using a method like: "If you join now I'll give you this free.....", or "Join up now before it's too late". By using this method the seller accomplishes two things; they obtain info on the potential customer and give away probably some sort of viral e-book/software etc... This method of advertising is becoming more and more popular. Why? Because it produces results.

3. Joining Ad forums/groups is another yet not as effective way to advertise yet the same thing applies here as well. By using a well thought out ad and using a splash page/squeeze page to obtain information you will accomplish some results. If you just advertise your website, again people will tend not to take your offer up because they get confused about what's for sale.

By using a splash/squeeze page you will obtain very important information on your potential customer which will give you an opportunity to repeatedly give you chances to sell what ever it is you're selling. The whole idea of Internet Marketing is to have buyers for your products and to be able to have repeat customers is what the splash page/squeeze page is all about. If you just advertise your website then you risk the customer clicking through and not ever seeing them again.

About the Author

To find the Best Home Based Business Ideas and Opportunities Visit: http://www.siriusfreehomebiz.com/blog

SEO experts are constantly telling us about the importance of good quality content and good quality back links from web sites with relevant content. They also tell us that reciprocal links and page rank are of decreasing importance. They then instruct us as to how to go about getting good links by personally contacting other web sites and proposing a reciprocal link! Confusing! As is much of the advice given to prospective site designers.

Personal experience with our own web site has shown that the following is correct and works;

- Content is the key. Lots of it, with constant up dates to it, and it should be well written and informative not just a sales pitch.

- The more pages you can create the better. Upwards of 100 pages will highlight your site as an important one. Sites with only a few pages rarely appear on the first page of search engine results.

- As the site ages its importance will increase. Those who got in early generally outperform the later sites. Google also have an ageing process for links. As these links approach six months old they become of more importance.

- Reciprocal links once gone through the ageing process are still being counted, even with Google's updated algorithm.

- Article writing and publishing will produce huge numbers of backlinks. You should be looking to produce upwards of 30 articles and aim for around 250.

- Attaching a weblog to your site which is updated daily will increase the rate at which the search engines visit your site and at the same time adds valuable content and links.

- Page Rank has still some importance in determining your position in the rankings because it is based on the links and the content of your site. However the page rank as given by the Google Toolbar is not necessarily accurate. A more accurate page rank can be gauged from using the detail supplied by the Google Sitemap statistics. Consequently generate a sitemap and submit it to Google.

The most important piece of advice is to design your site for the visitor and not the search engines. Have as much information within the content as possible and keep the graphics to a minimum.

About the Author

David Andrew Smith is the owner of http://www.wesparkle.co.uk a cleaning services company which operates throughout the UK.

It seems everyone is jumping into the "traffic domain name" game - either purchasing them for their own use or purchasing traffic from others who own these domains. For those that don't know, a traffic domain is one that has either expired and still receiving traffic, or one that is being typed into the browser url location (type-in traffic) by users looking for a particular website. These are hot little properties but often abused as some register typos of an existing popular domain - such as Google for example. Yes, Virginia, there is a lot of traffic in those typos.

I own a number of expired and type-in traffic domains and have overall had good results. The worst one gets about 10-15 visitors a day but manages to earn anywhere from $5-$20 in revenue through a pay-per-lead program I use. Combined, all my traffic domains pump out a nice chunk of change without me even having to host them, look at them or even think about them.

On the other side of expired domain and type-in traffic is services which allow you to purchase traffic from domain names which they control and manage. Now you would think this sounds pretty good after what I reported about my own traffic domains, but the sad truth is that the majority of these services are complete scams.

Oh yes, they'll deliver the "targeted" 5,000 or 10,000 "hits" you purchased, but the reality is that the actual traffic from their domains either doesn't exist at all (generated by software to create an illusion of unique visitors) or comes from sources like auto-surf sites. And it's not like you can really monitor and evaluate this traffic to know if it's real or not, and you certainly have no way of knowing if it's targeted or just junk hits. You're basically putting all your trust in the site offering the service and since none offer any guarantee that the traffic will bring you sales, they're off the hook.

Look at it this way - let's say a service is offering 100,000 premium targeted visitors for the very low price of just $49.95. Think about it. If you had 100,000 targeted real visitors at your disposable, would you sell them off for essentially pocket change? Of course not. If you were selling a product for $29.95 and only 1% of those 100,000 visitors made a purchase - then that would be 1000 sales totalling $29,950. Can you really believe that they would let that amount of money slip through their fingers just so that they can do you a favour?

Do yourself a favour - If you're thinking of purchasing traffic from one of these services, keep your money to invest in more reliable and proven options or learn about finding and registering expired domains (an article on this topic coming soon) and register them for yourself.

About the Author

Carole Nickerson has been a web developer and internet marketer since 1998. Visit http://www.thenetter.com for more free articles, tips and software.

Tina Valiedi is the Executive of Marketing and Chief Editor of MPStrategies Firm,a company whose breakthrough service unleashes the power of the internet to drive hidden potential clients to your site. For more marketing how to information visit: http://www.mpstrategiesfirm.com

Search engine marketing, internet marketing, google, yahoo.

Greg Narain and I had a long discussion with the Jive Live team at BarCamp San Francisco. They take high quality video of all sorts of live events, from art openings to the Pride Parade here in SF, and then post it to their website. In some ways they think of themselves as a daily video newspaper.

We talked about using blogs and RSS and existing video communities to spread their content everywhere, to get traffic going to their site. They currently host their own videos, and Greg and I were of the opinion that as soon as they actually got significant traffic, their video costs would start going through the rough. The difficulties of success when it comes to video content on the Internet today...

A large part of the discussion centered around what we all would and would not do on the Internet, including talking about who subscribes to RSS, uses tags, etc. As I have said time and again, feel free to ignore the small part of the population that uses these tools directly....just stick the functionality on to your site, and the structured nature of RSS, the tag glue, and the automated tools and aggregators that are in place will blast your content around the Internet, which has the net effect of raising your Google ranking, which is really how everyone finds stuff on the Internet today. RSS = higher search ranking, enough said.

So, I wasn't going to write about this at all, but now Travis has, so I'm going to tell how it went down with me.

This is cool: Nokia’s going to be sending me a fancy free (not fancy-free) cell phone soon, because I have the POWER oF BLOGGING at my fingertips.

That said, me and 44 other people (or should I say 44 other people and I? The use of “other” depends on a predicate, doesn’t it?) will be getting a Nokia 6682 multimedia smart phone, fully equipped with 512 MB of memory, a stereo headset and a wireless Bluetooth Headset as well.

A company that does "buzz marketing", Matchstick.ca, had three separate people contact me via email. All of those emails were sent en-masse -- I consider it to be spam. And I happen to know at least two other people (David Crow, Roland Tanglao) that got the same email.

And, it turns out, Darrent Barefoot was spammed by Matchstick.ca, too. So, rather than go into all the sordid details, I'll just point you at his post. Hey Matchstick.ca, consider me pissed off. Oh, and Nokia? Like I said to one email:

Disclaimer: This post is about (gulp!) the Internet. If even the idea of putting up a real estate website for lease options leads makes you sleepless then wait for the next post on Hotlines etc that don’t require you to even have a computer. :-)

How to use the Internet to attract buyers for your Lease Options:

There is a pretty big section in most newspapers, week after week, called Rent To Own in the Real Estate Section. Some newspapers call the section Lease Option also.

You will also see ads targeting to prospects with bad credit saying something to the effect that if you have been turned down by the mortgage companies – call us to get the home of your dream.

As a side note I am not a big fan of Land Contracts in Michigan. The foreclosure process that is required to kick out a non-paying Land Contract buyer who bought your home and then defaulted is long and governed by the same laws in Michigan that govern a bank foreclosures.

Although in certain circumstances (property being vacant) you can accelerate the eviction and some astute investors who play in the Land Contract world have told me that they add a eviction clause in their custom made Land Contracts – I have yet to see one contract in reality.

So some of the companies in Michigan who advertise and focus especially on bad credit / home ownership themes might be selling a 12 / 18 month Land Contract deal which gets the seller cashed out at a later date via a refinance. So keep that in mind when you are reading these ads.

Rent To Own Ads are pretty much 100% Lease Option ads and it is a good idea to check them out in your local newspaper before you do anything so to get a feel of the marketing.

Very very few real estate investors use the Internet to market their lease options which if you choose to do so does gives you a pretty good advantage over your competition in your local city. This is how it works:

1. Run advertisements consistently (more on classified ads later) in your local newspaper. I said “local” and “consistently” – two very important and precious words to keep in mind. Also you want to run these ads EVEN when you have NO house at the moment to Lease Option (more on that strategy later also).

2. Direct your prospects to your website.

3. Your website has pictures (lots of them), virtual tour if you want to really blow them away, description of the house with the list of all the upgrades you have done, any promotion you are running (free appliances, gift gas card etc), lease details such as monthly payments, Option number and finally the most important thing of all….

4. An invitation to join your Lease Option Buyer List. So lets say 10 people come to your website as a result of an ad that you ran in your local newspaper.

Well technically you can only sell your 1 home to one out of 10 but the other 9 are still in the market to buy something. May be they don’t like “that” house but who is to say that will not like the second house that you put up next month.

Entice them and ask them to join your Hot Lease Option Upcoming Houses Notification List so they get priority notification even before the house hits the classified section.

Sort of a Pocket Listing Invitation if you want to use the REO slang.

Understand that this strategy is advanced and mostly not used by anybody. Everybody wants to wait till they have a house or worse when the house is done.

The term you need to remember in real estate is Build To Suit – if you doing this, week in, week out your market will tell you what kind of houses you should be looking for.

This is the beauty of having a website and use it for more to tell you what the market wants in your local Michigan city instead of thinking about your website as something to sell that ONE house that you have right now.

I know it might sound hard to believe at first try but really most investors get so tied up in “doing” that deal that they have burning a hole in their head that they forget to build a business.

Nothing personal – just a fact of life. All entrepreneurs go through it. I did too in the beginning.

5. These are some of the things that you should be asking at your site from your site visitors – name, email, number of bedrooms in the house they want to get, basement preference, brick or frame, garage preference, city preference, if you are operating in a city which is comparatively big – it would help to ask a more specific question for example if you see Detroit ads they will mention something like East Side or West Side preference.

Where can you advertise on the Internet to get leads?

1. Detroit Craig’s List; at http://detroit.craigslist.org Free

2. Google Base: http://base.google.com Free

3. Google / Yahoo will be a pain the rear to do and get some leads because you are competing against everybody and their mother selling a $20 book on how to do lease options. Very hard to do Pay Per Click ads and get some leads out of there – not to mention expensive.

4. The thing that I am watching closely is the evolution of Google Local ads that will let you target and run really local ads on Google, which will be really effective for our kind of business.

5. For Sale By Owner sites: cheap prices for the most basic packages. Owners.com is a good example. The whole idea is to get people come to your Lease Option website.

6. EBay – will cost money to run - $150 at least. Plus my feelings about EBay are that it is more suited toward building an Investor List than attracting local homebuyers.

Where can you advertise offline to get Lease Option leads?

I am very old fashioned when it comes to real estate leads. May be the reasons that the damm $26 ads have made me so much money. Real estate is a Local game.

Seriously doubt that a guy in L.A. is thinking about buying a 3 bedroom in Redford. But there are renters in Redford with kids in Redford schools and mom & dad working in Dearborn and Sterling Heights.

They are reading the Sunday’s Free Press and Redford Observer – may be a small percentage looks on the net – may be it is a big percentage; there is a no hard data available anywhere that can pinpoint where most of the people are looking for Lease Option deals.

But I would suggest to you that do both – with 1-2 Knockout punch:

Punch #1: Use the free resources – Google Base; Detroit Craig’s List initially till you close on some deals, put some new money in your business checking account and then think about spending some money on the Internet. Since both of the above are free (at least for the time of writing this)

Punch #2: Spend you money where it will get you the biggest Return on your Advertising Dollars – your local newspapers. In the above example – run small ads driving people to your website in BOTH newspapers – Detroit News and Redford Observer – I repeat run ads in not one but both newspapers.

Sometime I get emailed about the cost of running these ads – well I worry about what comes back to my bank account and not too much on what I have to spend.

As long as coming in number is bigger than going out number – all is good. You can charge the advertising on your business credit card and pay it once the house is Lease Optioned off.

Or you can close one deal and take $500 off right from the top to spend it on advertising on your next deal. The real big mind shift that most entrepreneurs never make is not to think of advertising / marketing as an expense but as investment to build their business.

There are 2 big things in my business I spend money like it is going out of style – my education and my advertising. As long as I feed these two dragons, all is good in Planet Ijlal.

Website Domain Name Tips:

Spend some time thinking of a good and short domain name for your website. Rule of thumb is that keep it within 21 characters with the dot COM thing so it fit in one line.

Newspapers classified sections have a notorious tendency to break down the name in 2 lines if it is long and put a hyphen in the middle. I don’t have to tell you that that becomes a different name.

I had this experience personally one time when my ForeclosureTour.com ad became Foreclosure-Tour.com in two lines. Suffice to say that I did not get any leads that week.

So keep it within 20-21 characters and you will be in the limit. Also you don’t have to use www moniker anymore. I don’t use it anymore. www.MarkIjlal.com or MarkIjlal.com work the same way.

Also I hate long winded domain names – abcpropertyinvestmentsgroup.com is a great tribute to your LLC’s name but come on…. One of my coaching group member Lou Provanzano got a cool name recently for his Detroit deal – www.DetroitOnTheMove.com which gets full marks for originality and sounding good when you say it, print it and leave it on your voice mail.

And yes I am guilty of having long names in the past too – some of them are so crappy that I am actually embarrassed to share them here.

But the point is you want to have a good name; should spend some time on it, make a list of 10-20 names; ask your significant other, if you are in my coaching group, email me the names before you blow the insignificant amount of money needed to reserve them via Godaddy.com. Get a second opinion. This is how the world will see and your business. It is worth spending some time on.

How to get your Lease Option Website Designed:

This is the part where most will hesitate because they are still thinking big dollars when it comes to websites. In 2006, websites are so cheap that there is no excuse left for not to have one.

Where can you get a decent site made?

1. Do you have kids? Do you have neighbors who have kids? Do you have nieces, nephews, and little cousins? Know anybody who goes to a high school??? Every High School in America has a clique of geeks who can design a better-looking site than most web design firms out there.

I have personally hired 16 year olds – one time even flew one from Denver, CO to Michigan to work for two weeks on a business that I used to have. I had one 18 year old actually move to metro Detroit from U.P. to work on a project.

These kids were smarter, harder working and had a better work ethic than most grown ups I have worked with in the last 10 years. They get it. And they love doing this stuff and putting it for the world to see it.

I met an 18-year-old two years ago who was designing websites for Detroit Hip Hop acts – his sites could go heads up with a $50,000 site – he was doing this for $10 per hour.

Ask anybody who is going to high school and is between 14-18 in your life. They know a geek who can whip up a world class website for you in 7 days for probably pennies.

2. You can always go the outsourcing route and use a website a www.elance.com or www.rentacoder.com which will let you post up for free what you are looking for; bunch of companies (most of them in India / China and Eastern Europe) will put up competitive bids. They all have reviews on the previous work they have done; read them and give one the site to do.

If you are totally lazy and don’t want to do anything at all – then spend couple of hours trolling Google and Yahoo and find a website on lease options that you like and then tell whomever is doing your site to make your site look like them.

And for crying out aloud don’t copy blatantly but use it for inspiration and ideas. Most people like me use a copyright protection service that trolls the web looking for lift offs.

When we find somebody cutting and pasting our stuff – we get him or her shut down. I did that to bunch of bogs already that were just copying and pasting my content on their sites.

Next Part 5: How to figure out your Cashflow Payments, Exit Strategies that nobody wants to hear about but they sure do work, the absentee owner thing.