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Internet business principles
By John Audette
In building MMG over the
past four years I have discovered a few things about building an
Internet business. This is by no means a complete list, but here are
a few that come to mind:
(1) Cater to and honor
the intelligence of your audience -- don't try to sell your
products or services by appealing solely to the emotions of your
audience. The Internet is an awesome communications tool and enables
savvy potential buyers to base their buying decisions on information
as never before. So avoid
hyperbole like the plague
-- and deliver loads of easily digested information.
(2) Establish credibility.
The Internet is an intangible medium -- and when you're selling an
intangible service, as we are, it compounds things further. It's
necessary to "tangibilize", to do everything you can to
make you and your product or service as real as possible.
Tangibilizing includes such things as: publishing your physical
address prominently on your Web site; featuring your employees with
short profiles; maintaining a consistent presence, such as we do with
the publication of this and other discussion lists.
(3) Act with integrity.
This is obviously true when building any business, offline or
online. However, conducting business online puts you under an
international microscope. It's difficult to build
a solid reputation online
-- it takes consistency, hard work and time. But it's easy to gain a
poor reputation, particularly with the frequent opportunity to make a
quick buck. I was taught many years ago that it's better to make a
dime over and over again than
to make a dollar once.
(4) Use push whenever possible.
You've heard me say that e-mail was push before push was push. E-mail
is still the killer app on the Internet. Find ways to use it
properly in your marketing efforts.
(5) Remain humble.
The Internet is a revolutionary change. It's in its early stages of
development and will continue to change rapidly and constantly. Eric
Hoffer, the American philosopher longshoreman, said the following,
"In a time of drastic change it is the learners
who survive; the learned
find themselves fully equipped to live in a world that no longer
exists". Don't ever think that you have all the answers.
(6) Give, then take.
For reasons that sociologists are better equipped to explain than me,
the notion of free sharing of valuable content is an enormously
viable online business model. This list is a perfect example. I
started the Internet-Sales Discussion List in November, 1995. After
having been actively involved as a participant in the late and great
Internet Marketing List, my motivation was largely to provide a forum
for those interested in doing business on the Internet. I didn't
really have a company at that time and thus I-Sales was not really
begun as a marketing tool. Since then the serendipity has been
fantastic: I-Sales has
become a great forum as
intended; it has helped to establish MMG as a credible interactive
agency; it even generates revenues from sponsors.
Was this my master plan
for I-Sales? No way (I wish I was that smart). I just followed the
"give, then take" model. Find a way to make a contribution
-- it will yield great dividends later.
Let me know what you
think of these Internet business principles -- and of others that I
have omitted. Perhaps we can cobble together a list and place it
online for others to refer to.
John Audette
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John Audette is founder
and president of Multimedia
Marketing Group, the
oldest online promotions and
public relations services
company. He is also moderator of the I-Sales Discussion List. The
I-Sales Discussion List, formed in November 1995,currently has over
10,000 subscribers. Subscriptions are free. To subscribe send an
e-mail to join-i-sales@list.mmgco.com.
Find more
information at http://www.mmgco.com
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