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What Is The Golden Ratio?
Its a little known marketing technique that say that, as long as the longest side on any oblong is 1.6 times the length of the shortest side of the same oblong people will be more likely to prefer that shape over any other shape.
Why do they prefer this size? Because it occurs naturally and, subconsciously EVERY LIVING PERSON is attracted to this trait.
An example of this is as follows:
1) Stand Up
2) Measure the distance from your head to your feet and write this measurement down
3) Measure the distance from your Navel write this figure down.The length of your ENTIRE body is 1.6 times longer than from your Navel to your feet!!
The same is also true for the length of your arm from shoulder to finger tip, then from elbow to finger tip.
The same is true for credit cards, the longest side is 1.6 times longer than than the shorter side!
Think about this for a second, banner ads, what shape are they? Oblong except, they don’t employ the ‘golden ratio’ what if, just what if, you used some banner ads that employed this ‘golden ratio’ who says banners have to be 468×60 in size?
Why not try making some ‘basic’ banners in paint or a decent graphics program utilizing the 1.6 rule and see if your click thru’s increase, personally, I will bet my earnings last month that they will.
On the same way of thinking towards marketing, table ads, money bars, etc, why not incorporate this idea into them also? It cant hurt and who knows it may just work.
the math to work this ‘golden ratio’ out is as follows for Image a above:
shortest side (60) x 1.6 = (90) Longest side
You don’t even need to be a genius to make your own ads using this method as the people at Microsoft supplied you with a calculator.
Article written by Lee
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Thumbnail Preview TGPs And The Gay Market Place
One of the latest crazes to hit the gay adult market from a webmasters point of view is that of the thumbnail preview TGP and, more surprisingly than this is the fact that this new breed of gay adult TGP seems to attract more traffic than the standard format TGP ever did so, what is a thumbnail preview TGP and just how do you go about making one of your own? This is what we will investigate in this article.
Thumbnail Preview TGP Basics.
A thumbnail preview TGP is just as the name suggests, a standard TGP with one main difference, the TGP itself doesn’t list gallery descriptions rather a small preview image of the content placed on each of the galleries submitted. This thumbnail preview is usually size between 100×100 pixels and 60×60 pixels in dimension however, the thumbnail preview size can be determined by the webmaster owning the TGP.
How Do I Start My Own Thumbnail Preview TGP?
In order to start your own thumbnail preview TGP you will need a couple of things, first and foremost, a domain name to run it on, the current trend in the gay marketplace is to name your TGP something short, memorable and, well, brand able so, the domain name you choose for your TGP should take all of these aspects into consideration. The next thing you will need in order to run your own gay thumbnail preview TGP will be the script which you use to manage the TGP itself, for this purpose I would highly recommend Autogallery MySQL from http://www.jmbsoft.com it is affordable and, easy to maintain which is a must if you are wanting to run a sizable TGP. One other thing that you may also like to consider investing in for your thumbnail preview TGP is a design, in fact, most of the ‘good’ thumbnail preview TGPs whether they are focused in the straight or gay market, have a clean, almost pay site quality design aspect to them. Of course, you do not need to keep up with the joneses however, if it works for other people, then why not see if it will work for you also?
Thumbnail TGP Structure.
So you now have a domain and have purchased the script and / or design that you want to use on your thumbnail preview TGP what next? Well first things are first, you should take a look at some of the other sites that currently exist and see how they do things, find out what things you feel they are doing wrong and, capitalize on that.
You should also make some decisions now as to the look and feel you want your thumbnail preview TGP to have, how many galleries are you going to list on the front page each day? Will you be utilizing the archives feature of your TGP script? What limitations do you want to put on submissions from other webmasters? These are all aspects of running a TGP that you need to think of prior to opening your site up for general submissions.
In general however, you will find that most thumbnail preview TGP sites will have roughly 100 thumbnail images on their front page of the site with any additional galleries being listed in their archives section again, you should decide on how you want to maintain your own site.
Getting Traffic To Your Thumbnail Preview TGP.
Now you have hopefully set your thumbnail preview TGP live you need to do one final step in making the TGP itself a huge success, get the traffic flowing, one of the best ways to do this, as with any other type of site is to ask your friends and associates to trade traffic with your site however, should this not be an option then you should use more conventional methods such as submitting galleries to other TGP sites ensuring that you use a recip to your TGP on each gallery as well as utilizing other forms of traffic such as cheap brokered traffic, top lists, web rings and, even counters, within a month or so you will soon start to see a steady flow of new webmaster gallery submissions and, with each new submission comes more traffic and ultimately, more income from your site.
Article written by Lee
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Marketing to Foreign Surfers
Marketing to Foreign Surfers.
What would you do if I told you that there are 3 million plus new surfers last year that you did not market too? You probably marketed your product or adult site to those that could read English well enough to be searching with English terms. How about the growing numbers of surfers with English as their second language?According to Nielsen/Net Ratings, from September 2000 to 2001, Italy’s online population grew by 3,540,970 users: about one new user every ten seconds. Italy is just one of the non-English speaking countries that is coming online at lightening fast speed.
Are you relying on these surfers searching for your English keywords? Are you thinking that every language uses the words “porn and hardcore” and what about the finer niches like “bisexual and titties”? The best conversion is with newbie surfers just online for the first time and wanting to see adult sites and products. Those that have been around a while find out about the plethora of free porn. This means that websites do their best marketing with search engine placements of their main sites or feeder sites. If you are on your money, you are trying to work every engine for every related keyword. Now think of the keywords that you could be going for in all the worlds’ languages!
Do a bit of research in some of the common languages. If I was Italian and new to the net, the first place I would be searching is in an Italian search engine. Go to http://arianna.iol.it/ and search using the word porn and you will find 10 listings come up all in Italian. Not one is English. Even http://it.yahoo.com/ Yahoo Italia does NOT serve up your English porn site in its results.
So how do you get a piece of this pizza pie? You need at least a doorway written in Italian. You need to visit a site like http://www.adult-site-translation.com/ and find out how affordable it is for a doorway page that is put together by a foreign translator. Not only is the text for your doorway sites or even complete tours with the proper keywords but the graphics are redone where necessary. You really cannot rely on a text translator. We all have been on a site where it was obvious that the webmasters first language was NOT English and felt bad for their awkward use of words. This is not how to make a sale.
You need to be careful that you choose a professional service for your translating needs. You need to know that the translators are top notch and can not only translate your existing page/site keeping your marketing angles but they can also advise you on such things as proper wording and what a surfer from that culture would find erotic. Languages do not translate word for word. A service like Adult Site Translation has hired translators who also know how to market adult sites. They will tell you the search terms your page should be listed under and can assist you with foreign search engine optimization.
Remember the days where you were the only site in a category or niche? It was like being a pioneer and it was very lucrative. Do you want to be first to market to these growing pockets of millions of new surfers? There are new frontiers out there and finally sites like Adult Site Translation can assist you to conquer them successfully!
Article written by Susanna
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Domain Name Registrars – Saving Your Business
The one thing that all webmasters rely on to make their money is something that all of us have, a domain name however, what would or should happen to your domain names when and if, your registrar files for bankruptcy or just disappears, surprisingly enough i do not recall this ever happening in the industry to date however, being prepared for the worst case scenario is always a good thing.
Prevention Is Better Than A Cure.
As the age old adage goes.The first thing that you should do before even registering a domain name is to check out the background of the company you are considering using, you need to ask yourself a variety of questions about this company including the following:
1) Is the registrar ICANN accredited?
ICANN (Internet Corporation for Assigned Names and Numbers) is a non profit corporation which was formed to assume the responsibility over the IP and entire domain name structure as we know it. This in essence means that if your registrar is ICANN accredited then you at least know your domain name registration will be handled professionally and, should be reasonably secure so far as your registrar going out of business.
2) What are you paying for?
Many of the domain name registration companies packages vary greatly, with some companies you register a domain yourself, some companies register it on your behalf and, others will register your domain including some form of hosting etc, check with the company you are using to see what added services and support features they offer.
3) What is their transfer policy?
Some domain name registration companies have specific policies so far as transferring domains to other companies, registrars and, individuals go. Check with your registrar before you buy your domain to see what this process involves and, as always, check with one of the other registrars to see which registration company offers the best ‘bang for your buck’.
Saving Your Name – Help And Advice.
First and foremost, if you discover your domain name registrar has closed its doors you should immediately send an email to them and ensure you keep a copy of this email for your own records, ask them what is happening and, more importantly, what controls / access you still have available (if any) to manage your currently registered domains.Usually, you will receive some form of communication within a few days from your registration company letting you know what is happening and how you can continue to use your domain name.
In most cases, when a domain name registrar company closes what you will find is that they will already be in the process of transferring the management of your domain to another registration company.
If however, you are still able to control the domain yourself then you should immediately seek out a new registrar with whom you can manage the domain / domains that you own. At this point you should contact them and ask if they have any fast track solution to transferring your domain to their company.
If All Else Fails.
If after everything else you are still at a loss as to how your domain name transfer or registration is being handled then you should contact ICANN ( http://www.icann.org ) directly. Ultimately it is their responsibility to ensure that once you have registered a domain name, you are able to access it as you would like, in most cases however, contacting ICANN is always the last move you should make and, only use this form of information should you exhaust all other methods mentioned above.Article written by Lee
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Resource Forums – The Changing Face Of The Adult Industry
Online adult webmaster resource sites are becoming a thing of the past instead, we have witnessed a new breed of resource site being birthed in the adult industry, the resource forum. It seems like almost every major adult sponsor and webmaster has their own resource forum as of the current time however, what is making these forums stand out from one another and, more importantly, can you actually learn anything valuable from them.
Webmaster Resource Forums.
Back in the day there were only a handful of resource forums made available for adult webmasters to educate themselves further, these included such sites as Ynot Masters, Netpond (then The Condom Chronicles) and Porn Resource, however, to date there are no less than 200 webmaster resource forums floating around the internet for adult webmasters to post on.With this amount of resource forums available to webmasters it seem impossible that many webmasters cant be making a profit however, upon closer inspection a disturbing trend seems to be taking place.
Resource Forums – Webmasters Posts.
With the sudden surge of webmaster resource forums in the last 6-12 months there is one thing that is apparent, most of, if not all of the resource forums to have spawned during this time have one thing in common, the webmasters who post on them, often, these webmasters are posting for a single reason, to get other webmasters to click on their signatures, nothing more, nothing less.It would appear that the adult industry is heading towards a meltdown of the adult resource forums, with more and more webmasters grabbing free scripts such as phpbb to load onto their domain and launch their own resource forum it would appear at first glance as if the industry is a thriving community of webmasters all willingly helping each other out however, this is not the case, instead, we find post after post duplicated across multiple resource forums in the effort of making the longest thread, getting the most page views and, ultimately, getting the most signature clicks.
Webmaster Resources.
So with all of this going on what’s happening to the actual resource sites? Well they are still around and, they are still being used however, these have now become second place to the message forum, often as mentioned above, webmasters will post the same message on several message boards and get several replies of exactly the same answer from exactly the same people. Whilst this in itself is a good thing (the exchange of information) my personal feelings are that we are heading towards an excess of resource forums and, whilst communication is needed, there also becomes a point at which you can get an information overload, new webmasters entering the adult industry will see the variety of forums made available to them and start posting however, in doing so they forget the one thing that they actually should be doing, working.Webmaster Resource Forums – Overview.
I think within the next 12 months we are going to see one of two things start to happen, either the resource forum phenomenon will continue as it is doing now or, the resource forum will become a thing of the past whilst a new medium takes its place, one thing is certain though all these webmasters posting on forums to get sig views and post counts are not doing the one thing they should be, making money and, this becomes all to apparent after watching the same old posts, make the rounds to the same old forums time and time again.Resource forums can be great help to the adult webmaster however, at the same time, they can also become a webmasters biggest downfall, remember why resource forums are there, to help you when you need it and to socialize when you have to, at what point to do you stop getting help and start becoming a post whore? Well only you can answer that question.
Article written by Lee
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Building A Surfer Trap – Stage 2
In the last tutorial we hopefully got the foundations of our surfer trap laid and in this stage, we will start to put this thing together.
Ok the first step of stage two of building your surfer trap is to start linking each of the individual FPA’s to your Multi-Site FPA.
The easiest way that I have found to do this is to give each FPA its own sub directory on your server and have the html page named index for each of the single site FPA’s.
So for instance, if you have the site All Petite on your Multi-Site FPA you would link it to:
mydomain.com/all-petite/
Or whatever you called the sub directory for the All Petite single FPA.
Now, once you have linked these single FPA’s to your Multi-Site FPA we need to start ‘playing’ with them once again.
You should now have copy’s of your single site FPA’s and Multi-Site FPA on both your server and Hard Drive.
Take the copy’s you have on your hard drive and add a small NICHE pop up console to each of the single site FPA’s AND the Multi-Site FPA.
I would suggest making 6 NICHE consoles.
These consoles should be pure text and nothing else.
Each of the links on this small console should link to a different niche of your single site FPA’s I usually go with one link for each of the following niches…
Gay
Mature
Teen
Fetish
Hardcore
AsianPlus, I usually add a link at the bottom of my console which goes to the POTD program.
Once you have these consoles built you should upload them to their OWN sub directory on your server, I would suggest calling this directory ‘consoles’ and calling each of the niche consoles the name of the NICHE they represent.
So, you should now have the following on your HD and on your server:
1 Multi-Site FPA
50 or so Single Site FPA’s (All Linked From The Multi-Site FPA)
6 Small Pop-Up Consoles (Popping Only One On The Multi-Site FPA and The Single Site FPA’s, each different niche Single Site FPA pops a different niche console however.)You now have to check that your surfer trap is working so far.
Article written by Lee.
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Bandwidth Explained
Bandwidth is the total amount of data that can be sent in a given time between two computer devices. The more bandwidth that is available, the faster the server.
Any webmaster expecting a decent amount of traffic to their adult site will require a web hosting package that includes a large amount of bandwidth. This is so important, especially with the growth of your online business and, ultimately your sites. The more bandwidth your server has, the larger the number of surfers who will be able to view it at the same time, and the access it quickly will be. If you don’t have enough bandwidth, surfers will not be able to access your site as quickly, and that may turn them off which in turn, will mean they will leave your site.
For this reason alone, it is important to select a hosting company that can offer you a great deal of bandwidth. As an example, larger hosting providers will have T1 lines or fiber-optic relays to access the Internet; these will provide a fair amount bandwidth. Another way is to get a dedicated server which, in turn, gives you exclusive access to your server’s connectivity instead of sharing it with others, as such allowing for maximum hardware performance.
To calculate your bandwidth needs, you must know how large each page on your site is, including the graphics and any script usage you may have. Then, you multiply that by the number of views you expect the site to get every month.
For example, say you have three 5k images on your page and a 2k HTML file – you would have 17k of data on that page. Multiply that by your expected page views (let’s say in this case it is 100,000 per month), and you get 1.7 G of data to be transferred that month for that page alone. Now calculate this for each page, and you will know approximately how much bandwidth your entire site requires.
The best way of using bandwidth efficiently is to keep the size of your html pages low. In other words, ensure your HTML programming is adequate enough to use minimal amounts of coding for the purpose you want and, that your photos and graphics are small. To reduce photo file sizes you should always use JPEG format, which can reduce files up to 5% of its original size. Make sure to use the GIF format for graphics, as opposed to TIFFs or BMPs, which are generally much larger in file size.
If you attach URLs to your IMG SRC that link to another person’s images without their permission, this is known throughout the online industry as hotlinking which, costs the person you are linking the image of money and not yourself. For this reason, hotlinking, is looked upon dimly.
The unfortunate truth is that hotlinking is rife in the online industry. However, lets not let that deter you, by utilizing a file called .htaccess on your server, you can prevent other dishonest webmasters hotlinking your images.
As with most things in this industry, you need to shop around to find the best prices available to you. However, that said, as a general rule of thumb, a gig of transfer can cost between $1 and $5 these are usually thought to be good prices for a gig of bandwidth. You can also get certain hosting packages that have a specific amount of bandwidth included in the price, however, the one draw back of these types of deals is that, if you go over that limit, you will either need to pay and excess bandwidth usage fee or, upgrade your hosting plan.
Article Written By Lee
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The Gay Adult Market – Gay Subcultures
I thought I would take a break from writing about online adult marketing for a change and instead, give many of the straight webmasters looking to break into the gay market a bit of an insight into what makes a gay man ‘tick’ and, whilst this is going to be different from guy to guy, the one thing that will remain constant throughout is that this article is based on the gay lifestyle and subculture in both society and, the internet.
What Is A Subculture?
Lets start at the beginning shall we? To understand this article you are first of all going to need to understand what a subculture is well, a subculture as defined by http://www.dictionary.com is, ‘A cultural subgroup differentiated by status, ethnic background, residence, religion, or other factors that functionally unify the group and act collectively on each member.’In layman’s terms, that means, that a subculture is a group of people (or individual) that have something different about them than other people.
In the instance of this article we are going to be looking at the gay subculture and specifically, how this culture is broken down into its own set of subcultures.
The Gay Subculture – Lets Define The Gay Culture.
Gay culture is the heritage of culture, knowledge, and references to which gay people fall heir by the fact of their sexual orientation.Some individuals argue that there are to many gay people who do not participate in ‘gay culture’ for the concept to be meaningful or that gay culture in itself is placing labels on the stereotype most people think of when they thing about gay people however with this said, there are also those who argue the flip side of the coin. One thing is for sure however, gay culture certainly does exist and, within this culture itself there are many complex facets ranging from sexual preferences through to the types of vacation people take.
Gay Subcultures – The Facets.
Whether we choose to think about the different subcultures within the gay community or not one thing is for certain, the subcultures in our community are wide and far reaching from your local gay bar to Soho in a city thousands of miles away most of the gay subcultures can be found almost anywhere in the world and, from this aspect, it makes gay individual no different than other person. For example, the BDSM lifestyle is large in the straight culture however, it is also hugely popular in the gay culture to often with groups of individuals who devote their whole way of life to this. In essence however, many of the gay subcultures are no different to that of their straight counterparts the only difference being, the individuals who practice them, are gay.Gay Subcultures – An Overview.
For many webmasters who currently work in the straight market their first attempt and even their second attempt at marketing to the gay lifestyle may fail however, many do not realize the simplest of rules when it comes to marketing products and services to gay individuals online, you need to be as, if not more, detailed and direct to gay surfers than straight, give them something they can find anywhere at anytime and the chances are they will not buy however, give them something that suits their tastes perfectly and you have a customer for life.Article written by Lee
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Niche Marketing – What Is A Niche?
The first step as webmasters we must take to become successful is to discover what our niche specialty is however, many webmasters still do not realize exactly what a niche is.
In fact, from the webmasters I have spoken to it would seem that a ‘niche’ is just another word for the main topics of pornography, Teen, Asian, Fetish, Gay, Straight, the list goes on and, whilst this list is never ending they are all niches in themselves however, you need to look beyond the top level niche and start to develop a feel, a stance of your own as to what niche you will work on for example, Asian Midgets, you probably cant get more niche than that in this day and age however, realistically, the chances of you a) being able to find the content for this niche and b) Being able to find a sponsor are remarkably thin.
That said, if you can find a niche that you like personally, whether that be she-male, midgets, straight or, gay, this will give you a solid foundation to market your sites on especially if you build on your already vast knowledge of what turns you on.
Now, onto breaking down the niche you are comfortable working in..
Lets say for arguments sake that you have chosen to concentrate on the ‘Gay’ market,, within this market (as with any other) there is a remarkable amount of ‘sub-niches’ and, these are what you need to build your business around whether you want to or not, the ‘sub-niches’ of any given adult market is where the $$$ can be earned.
Now using the gay market as an example the first few niches that come to mind are:
Twink’s – Young looking hairless 18 – 20 year olds.
Bear’s – Hairy men over the age of 20.
Hunk’s – Muscular looking guys in the age group of 20 – 30 .
Straight Guys – Yes, that’s right, gay men get off on looking at straight guys.As you can see from the above four examples we can now start targeting our market audience a lot better.
The next thing we need to do now that we have found the niche and the sub-niche we will be working is to look for a sponsor that complements the niche of our choice, this is the hard part. Many webmasters will go directly to the highest paying sponsor and throw links up to their ‘sub-niche’ pay site not even looking at the sites tour or members area. This is a huge mistake, the first thing you NEED to do is to look over the sponsors paysites and, more importantly, the sponsors site tour AND members area. What point is there sending your surfers who are after Twink’s if, your sponsors tour has images of a load of guys over the Twink age bracket?
From this point on and, after you have chosen a suitable tour to send your traffic to you need to build up a flow of ‘niche’ traffic the chances are, if you submit your TGP gallery to an ‘all gay’ TGP that you will receive a substantial amount of unfiltered traffic making your hard work in choosing your sponsors tour worthless.
So how do you choose a traffic source that is right for you? Simple, you need to experiment, start of with your niche TGP’s, Top Lists, Links Lists etc and see what happens, how much traffic are you being sent from your chosen traffic source and, more importantly, how much of this traffic is actually clicking through to your sponsors tour. Once you can get an idea of what traffic you are being sent from what traffic source you have won more than half of the battle already.
Record EVERY possible detail about your traffic sources that you can, how much traffic they send a day, how many visits your sponsor gets, how many sales you made, what content you were using etc, etc.
Once you have a working list of data to use you can start to abuse and filter your traffic like you would have not thought imaginable, if one of your sponsors has a higher payout on Bear traffic, then you instantly know what traffic source gives you traffic for that niche and, you can utilize that information to your benefit.
The most important thing to remember however when marketing a niche is that you need to have patience, you need to use a process of trial and error and, more importantly, you need to experiment, just because TGP A sends you 100,000 hits of Twink traffic one day, it doesn’t mean you will get the same quantity of niche traffic the next.
Article written by Le
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Writing A Business Plan – The First Step To Success
Regardless of what type of business you want to run be it a bakery, a funeral home or an online marketing empire the one thing that you will require is a business plan however, having never taken any business basics 101 classes what do you need to have and, what is required in your business plan?
That is what we will touch on in this brief article from the basics to the not-so-basics by using a few simple steps you can be sure your business plan will contain all the information you need to make it up the ladder of success.
Information Summary.
As the name suggest this is a simple summary of what you are hoping to achieve from the name of your business, the goals, the concept and your plans. This should actually be no longer than two pages so that you can fill the needed information out clearly and concisely.Business Details.
This will be the founding information of your business again you need to mention your business name, what type of business you will be running (Sole Trader, Partnership, Corporation, etc) in addition you will also need to include details of who the company owners are, whether it be yourself alone or a list of your business partners, this information will be invaluable to you at a later date you also need to include a brief history of the business whether you have been running it already for a number of days, weeks, month or, years.Products And Services.
Basically, you need to write what exactly it is you will be selling. Are you going to be selling baked goods, marketing services or custom solutions. Keep this section simple, if you need to go into depth then do so at the end of your business plan by way of an appendices. Once you have listed several of the products or services you will be selling you should also list the features and benefits (Marketing points) of the products and services in addition, why do you think your business idea will succeed, what do you offer your clients that no-one else currently does? In addition you also need to have a basic pricing structure planned out, this will assist you in the future as, from your initial plans you can see what, if anything needs to be changed.Marketing.
A business is more than just an idea. You need to have good pricing, affordable suppliers and a great marketing plan. This is what is also needed in your overall business plan. You should include details of your competitors products and how they compare to your own or, if applicable why your product will be a benefit to the market place should it not already be readily available. In addition the marketing section of your business plan should include a list of advantages as well as some of the pitfalls you are likely to see. You also need to include a section detailing your specific marketing strategies regarding your overall and individual products and services.Industry Economics.
This area should detail some of the more specific areas of the industry you are going to be working in for example, what type of industry are you entering, how does the future for this industry look and, more importantly, how many existing companies work this industry as well as how do you successfully launch yourself into the industry. Parts of this area you may have covered in the marketing and previous section non the less, go over them again here in more detail.Target Market.
We have detailed the business ideas and products and services but, what about your potential clients? What does your product offer then that they need which no other company does? What is your target client base? How will you reach your customers? All of this and more needs to be addressed in this area of your business plan.Competing Companies.
What do your competitors do and, more importantly, who are they? Make a list of your potential competitors and address their weaknesses and strengths ensure that you leave no stone unturned when getting this information together often, you will realize that there are things your competition is doing that you can do much better then they.Don’t forget to address their marketing, what are they doing right and, more importantly to you, what are they doing wrong? How can you capitalize on this and make their errors benefit your long term business plans.
Location, Location, Location.
Location is everything and, this is particularly true in business for example, will you be working from an office, from your home or even your garage, do you require any special permits to operate your business? Can your customers reach you easily? All of these items and more need to be considered when writing this area of your business plan. By addressing any and all of these items you will find yourself with a much clearer picture of what is needed of you and your business.Stock + Supplies.
Often overlooked in business plans the one thing you NEED to have is a list of potential suppliers and sub-contractors who can provide you with your products and services. What materials (if any) do you need? How much will these cost you? Where will you find your stock and supplies? By getting this information available now you will have a better idea once your business plan is laid out as to what you are able to offer easily and also it will enable you to lay your pricing structure out more concisely.Labor.
So you have this great business idea all laid out but, who will be running this for you? Do you need additional staff or are you going it alone? Do you need to setup accountants, lawyers, insurance companies, consultants, bank accounts etc etc? All of these aspects of your business need to be laid out here.Capital.
Money, as they say, makes the world go round. Your business is no different, how much financial outlay do you require to get your business off the ground? Do you need to ask for a loan from your banking facility to help you out? How much income are you planning on making within the next 6 to 12 months? How much of this income needs to be invested back into the business? All of these ‘financial’ question need to be answered in this area of your business plan only then will you begin to see the bigger picture of your business idea.Hopefully this article has given you some solid advice and information regarding planning for your new business and, once you have all of the above laid out you should be able to see whether you will succeed or fail in your new idea.
Also, by planning now for the future of your business you should hopefully be able to avoid any hidden costs which can often push a company to the edge.
Article written by Lee
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