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    Can Technology Really Improve My Business?
    Whenever I meet people in the industry at conferences or tradeshows, one of the most common questions asked is can technology really improve my business? The answer obviously is yes, but what most people don’t realize is that technology is not the golden secret or unbreakable rule of thumb. Instead technology serves as a key aid in effectively deploying your sales and marketing strategy. In today’s post we’ll talk about 3 common myths regarding technology and how you can avoid falling in the anti technology trap like many other builders before you.Technology is simply too expensive.Although it’s true that multimillion dollar companies spend millions of dollars on technology, it doesn’t mean that it is an absolute across the industry. Spending on tech
    use, she can add one or several informal keywords as tags and save. These tags are visible to others and can be displayed two ways: in tag clouds, where the most popular tags have bigger fonts and most recent tags, a list of newly added tags. The popularity of tags in numerous Web 2.0 sites proves viability of this device in eCommerce sites as well.

    Elements like ability to do side-by-side comparison of several products, ability to customize products according to buyer’s need, and the ability to filter and search products without constant page reloading can increase conversion rate dramatically.

    Many eCommerce sites have the functionality of sending email notification of new listings of products that a user is looking for. A good idea is to add RSS notification ability to enhance product information request service also.

    A staggering 60 percent of online shoppers abandon their carts at some point in the buying process. The following site functionalities will help businesses to retain these shoppers:

    • Shoppers

    New Ideas For Small Business Holiday Marketing
    2 seconds after Halloween it seems that all the retail stores put up their Christmas decorations - trying to capture as much of the Holiday market as possible. Typical ways that retail stores use to capitalize on the holidays include extended hours and sales. This is all well and good. Today I want to give you an early present by giving you some novel ways to think about holiday promotions.Many people are fed up with holiday crowds, which is reflected in the growth of online sales and the decline of some traditional retailer's sales. There also seems to be a trend towards buying fewer gifts, but those gifts tend to be higher-ticket luxury items.In the type of marketing we all should be doing ,we start with the customer in mind. What do we know about
    There has never been a better time to start an online business! According to Jupiter Research, a market research firm, online retail spending in the United States will increase to a whopping $95 billion in 2006. In Europe things are getting even better! In next five years the number of online shoppers will increase 75 percent and per person average spending will increase 50 percent. This will push European eCommerce to $335 billion by 2011.

    If you are planning to start a new online business or upgrade your existing eCommerce site, you should consider using some of the innovative ideas related to Web 2.0 concept. Three years ago if you would have searched the phrase “Web 2.0”, you probably would not have found any mention of this term on the Internet. Now, at the last count, Google showed close to 60 million results relevant to this search. Amazing! First time this term was coined by O'Reilly Media to vaguely define a concept of second generation websites which were emerging after the dot com crush. Since their first use of this phrase to promote conferences organized by O'Reilly Media and MediaLive International, the idea of Web 2.0 has become immensely popular in web development sector.

    So, what is this Web 2.0 concept any way? There is no exact definition of Web 2.0 available today. If you run a search for a definition of this phrase the only quotation you will receive is from Wikipedia, which says, “Web 2.0 is a term often applied to a perceived ongoing transition of the World Wide Web from a collection of websites to a full-fledged computing platform serving web applications to end users. Ultimately Web 2.0 services are expected to replace desktop computing applications for many purposes.” Tell me if I am wrong, this definition does not give a slightest clue about what really is Web 2.0.

    Tim O'Reilly himself explained the Web 2.0 phenomena in five pages of examples, abstract terminologies, sketches and jargon in a great article. Unfortunately, if you are not a very Internet-savvy person, you will have hard time understanding the concept clearly from this article. To make things worse if you read other articles on this subject you will be even more confused! The reason is simple! Being a new concept many ideas related to Web 2.0 are abstract and still forming. However, there are some fundamental principles and indicators of Web 2.0 ideology which are true for any Web 2.0 based sites even if it is an eCommerce one.

    The problem with eCommerce is, although in last five years many changes, some are drastic, have taken place in philosophy, ideology and technology related to the Web, very few things have changed in eCommerce sites. Now, it all started to change! Even successful eCommerce sites are experimenting with new ideas born from Web 2.0 concept. The result is visible! A recent survey shows adoption of new interactive functionalities, innovative product catalog and better communication with users have increased online sales for 83 percent of respondents.

    Earlier online merchants were not very keen to have customer interaction elements like product review and rating, online surveys, customer blogs, etc. fearing flames from unsatisfied customers. But a recent poll shows that this fear is unfounded. It seems that 9 percent shoppers polled wrote a product review on a store site about a product they liked against 4 percent who posted a review about a product they did not like. Same goes for surveys! There are 2.5 percent more chances that a satisfied customer will participate in a survey than an unsatisfied one.

    Many eCommerce sites lose a large number of their prospective customers due to inadequate product information required to take an affirmative buying decision. Customer reviews and ratings can help merchants in this. More over a positive review works like a call for action for the people reading it.

    Most professional classification systems used in eBusiness are pretty complicated for daily use. A good way to give users a better method of finding product is to incorporate user added keywords or “tags”. If a user likes a product and may buy it now, or may keep a reference of it for future use, she can add one or several informal keywords as tags and save. These tags are visible to others and can be displayed two ways: in tag clouds, where the most popular tags have bigger fonts and most recent tags, a list of newly added tags. The popularity of tags in numerous Web 2.0 sites proves viability of this device in eCommerce sites as well.

    Elements like ability to do side-by-side comparison of several products, ability to customize products according to buyer’s need, and the ability to filter and search products without constant page reloading can increase conversion rate dramatically.

    Many eCommerce sites have the functionality of sending email notification of new listings of products that a user is looking for. A good idea is to add RSS notification ability to enhance product information request service also.

    A staggering 60 percent of online shoppers abandon their carts at some point in the buying process. The following site functionalities will help businesses to retain these shoppers:

    • Shoppers s

    How To Generate A Passive Income Online
    Passive income is not something that was invented with the advent of internet. But, what the advent of internet has done is to increase the opportunities to make it. Each day more and more people are switching over to generating passive income online. These people are not just idle homemakers looking to make some extra buck in their free time, but, are dedicated professionals like doctors and lawyers who are looking for ways to supplement their income. So, how can you generate passive income online? There are many ways to do it and it is beyond the scope of this article to explain them all. Let us just look at the three most lucrative fields – self-publishing, affiliate marketing, websites.Even with all this talk of information overload, people are still h
    rase to promote conferences organized by O'Reilly Media and MediaLive International, the idea of Web 2.0 has become immensely popular in web development sector.

    So, what is this Web 2.0 concept any way? There is no exact definition of Web 2.0 available today. If you run a search for a definition of this phrase the only quotation you will receive is from Wikipedia, which says, “Web 2.0 is a term often applied to a perceived ongoing transition of the World Wide Web from a collection of websites to a full-fledged computing platform serving web applications to end users. Ultimately Web 2.0 services are expected to replace desktop computing applications for many purposes.” Tell me if I am wrong, this definition does not give a slightest clue about what really is Web 2.0.

    Tim O'Reilly himself explained the Web 2.0 phenomena in five pages of examples, abstract terminologies, sketches and jargon in a great article. Unfortunately, if you are not a very Internet-savvy person, you will have hard time understanding the concept clearly from this article. To make things worse if you read other articles on this subject you will be even more confused! The reason is simple! Being a new concept many ideas related to Web 2.0 are abstract and still forming. However, there are some fundamental principles and indicators of Web 2.0 ideology which are true for any Web 2.0 based sites even if it is an eCommerce one.

    The problem with eCommerce is, although in last five years many changes, some are drastic, have taken place in philosophy, ideology and technology related to the Web, very few things have changed in eCommerce sites. Now, it all started to change! Even successful eCommerce sites are experimenting with new ideas born from Web 2.0 concept. The result is visible! A recent survey shows adoption of new interactive functionalities, innovative product catalog and better communication with users have increased online sales for 83 percent of respondents.

    Earlier online merchants were not very keen to have customer interaction elements like product review and rating, online surveys, customer blogs, etc. fearing flames from unsatisfied customers. But a recent poll shows that this fear is unfounded. It seems that 9 percent shoppers polled wrote a product review on a store site about a product they liked against 4 percent who posted a review about a product they did not like. Same goes for surveys! There are 2.5 percent more chances that a satisfied customer will participate in a survey than an unsatisfied one.

    Many eCommerce sites lose a large number of their prospective customers due to inadequate product information required to take an affirmative buying decision. Customer reviews and ratings can help merchants in this. More over a positive review works like a call for action for the people reading it.

    Most professional classification systems used in eBusiness are pretty complicated for daily use. A good way to give users a better method of finding product is to incorporate user added keywords or “tags”. If a user likes a product and may buy it now, or may keep a reference of it for future use, she can add one or several informal keywords as tags and save. These tags are visible to others and can be displayed two ways: in tag clouds, where the most popular tags have bigger fonts and most recent tags, a list of newly added tags. The popularity of tags in numerous Web 2.0 sites proves viability of this device in eCommerce sites as well.

    Elements like ability to do side-by-side comparison of several products, ability to customize products according to buyer’s need, and the ability to filter and search products without constant page reloading can increase conversion rate dramatically.

    Many eCommerce sites have the functionality of sending email notification of new listings of products that a user is looking for. A good idea is to add RSS notification ability to enhance product information request service also.

    A staggering 60 percent of online shoppers abandon their carts at some point in the buying process. The following site functionalities will help businesses to retain these shoppers:

    • Shoppers

    Audio Streaming for Your Web Site
    When online audio first became available, it was available only in form of discrete files that took up a lot of space. The size of your message was limited. This was especially true in the days before 1GB RAM become commonplace. There was a time when a home computer was restricted to 16KB. However did we manage! Yet 48K was high tech in those days. Customers would not download files just to hear your sales message, so it was dead before it hit the water. Now, however, we have streaming audio, and file size is no longer a problem. The sound file is streamed over the internet in packets that are replayed when received, and there is no need for the recipient to save anything on their computer.Audio presentations are the hottest way to promote your pr
    om this article. To make things worse if you read other articles on this subject you will be even more confused! The reason is simple! Being a new concept many ideas related to Web 2.0 are abstract and still forming. However, there are some fundamental principles and indicators of Web 2.0 ideology which are true for any Web 2.0 based sites even if it is an eCommerce one.

    The problem with eCommerce is, although in last five years many changes, some are drastic, have taken place in philosophy, ideology and technology related to the Web, very few things have changed in eCommerce sites. Now, it all started to change! Even successful eCommerce sites are experimenting with new ideas born from Web 2.0 concept. The result is visible! A recent survey shows adoption of new interactive functionalities, innovative product catalog and better communication with users have increased online sales for 83 percent of respondents.

    Earlier online merchants were not very keen to have customer interaction elements like product review and rating, online surveys, customer blogs, etc. fearing flames from unsatisfied customers. But a recent poll shows that this fear is unfounded. It seems that 9 percent shoppers polled wrote a product review on a store site about a product they liked against 4 percent who posted a review about a product they did not like. Same goes for surveys! There are 2.5 percent more chances that a satisfied customer will participate in a survey than an unsatisfied one.

    Many eCommerce sites lose a large number of their prospective customers due to inadequate product information required to take an affirmative buying decision. Customer reviews and ratings can help merchants in this. More over a positive review works like a call for action for the people reading it.

    Most professional classification systems used in eBusiness are pretty complicated for daily use. A good way to give users a better method of finding product is to incorporate user added keywords or “tags”. If a user likes a product and may buy it now, or may keep a reference of it for future use, she can add one or several informal keywords as tags and save. These tags are visible to others and can be displayed two ways: in tag clouds, where the most popular tags have bigger fonts and most recent tags, a list of newly added tags. The popularity of tags in numerous Web 2.0 sites proves viability of this device in eCommerce sites as well.

    Elements like ability to do side-by-side comparison of several products, ability to customize products according to buyer’s need, and the ability to filter and search products without constant page reloading can increase conversion rate dramatically.

    Many eCommerce sites have the functionality of sending email notification of new listings of products that a user is looking for. A good idea is to add RSS notification ability to enhance product information request service also.

    A staggering 60 percent of online shoppers abandon their carts at some point in the buying process. The following site functionalities will help businesses to retain these shoppers:

    • Shoppers

    Reputable Affiliate Programs
    Reputable affiliate programs are affiliates with good navigation properties, which can inspire a level of trust. Affiliates are websites which promote the advertisers with pop-ups and other kinds of advertising. They are an excellent way for the new internet entrepreneur to start an online business, and earn revenue from the owner of a product or service that they promote. Affiliates are rewarded according to the compensation pattern such as pay per click, pay per lead, or any combination, for the visitors originating from their site. However, it requires much effort, passion and commitment to succeed in this business. There are many traps and pitfalls present in this business, which may result in loss of commissions. Doing business with reputable affiliate progra
    nline surveys, customer blogs, etc. fearing flames from unsatisfied customers. But a recent poll shows that this fear is unfounded. It seems that 9 percent shoppers polled wrote a product review on a store site about a product they liked against 4 percent who posted a review about a product they did not like. Same goes for surveys! There are 2.5 percent more chances that a satisfied customer will participate in a survey than an unsatisfied one.

    Many eCommerce sites lose a large number of their prospective customers due to inadequate product information required to take an affirmative buying decision. Customer reviews and ratings can help merchants in this. More over a positive review works like a call for action for the people reading it.

    Most professional classification systems used in eBusiness are pretty complicated for daily use. A good way to give users a better method of finding product is to incorporate user added keywords or “tags”. If a user likes a product and may buy it now, or may keep a reference of it for future use, she can add one or several informal keywords as tags and save. These tags are visible to others and can be displayed two ways: in tag clouds, where the most popular tags have bigger fonts and most recent tags, a list of newly added tags. The popularity of tags in numerous Web 2.0 sites proves viability of this device in eCommerce sites as well.

    Elements like ability to do side-by-side comparison of several products, ability to customize products according to buyer’s need, and the ability to filter and search products without constant page reloading can increase conversion rate dramatically.

    Many eCommerce sites have the functionality of sending email notification of new listings of products that a user is looking for. A good idea is to add RSS notification ability to enhance product information request service also.

    A staggering 60 percent of online shoppers abandon their carts at some point in the buying process. The following site functionalities will help businesses to retain these shoppers:

    • Shoppers

    What's In A Name: Selecting the Right Business Name
    With all that's written about selecting a domain name, I thought I would address the ART of selecting a name for your business. It's by no means an easy task or one that should be taken lightly. So here we go.Ask 500 people, already in business, how they decided upon their business name and you will get 500 different answers. Everyone has a story behind how they chose their business name. Even if the business is named after their own birth name, there's probably a reason why this was done.When you open a business, in a sense, you are giving birth. This new birth was created from an idea by you or your associates. It will have its own bank account, it's own federal identification number, it's own credit accounts, it's own income and it's own bills. On
    use, she can add one or several informal keywords as tags and save. These tags are visible to others and can be displayed two ways: in tag clouds, where the most popular tags have bigger fonts and most recent tags, a list of newly added tags. The popularity of tags in numerous Web 2.0 sites proves viability of this device in eCommerce sites as well.

    Elements like ability to do side-by-side comparison of several products, ability to customize products according to buyer’s need, and the ability to filter and search products without constant page reloading can increase conversion rate dramatically.

    Many eCommerce sites have the functionality of sending email notification of new listings of products that a user is looking for. A good idea is to add RSS notification ability to enhance product information request service also.

    A staggering 60 percent of online shoppers abandon their carts at some point in the buying process. The following site functionalities will help businesses to retain these shoppers:

    • Shoppers should have the ability to see thumbnail pictures of the products inside the shopping cart.

    • Editing and adding products to the shopping cart should be done automatically without reloading.

    • Shoppers should be able to save shopping cart anytime and it should be saved automatically if connection fails.

    • Shoppers should be able to drag and drop products to the cart and all calculation should be done automatically.

    Many of the functionalities mentioned in this article were available long before Web 2.0 concept emerged and these are only a miniscule number of examples of abilities you can actually add to your Web 2.0 based eCommerce site, however, if you fail to notice the progress and take necessary actions, you maybe losing a great opportunity. Transformation in eCommerce sites is slow, but one thing is for sure, in coming years these sites will be noticeably different from what we have now.

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