Whooah-Biz

Why do politicians think that spending more money is going to save the economy? Does George Bush or any other world leader think that they can remotely buck/control the economy.

If your economy is already broken and by that I mean that is it has stopped making money. Why borrow? The current trend in the world is than to spend more money to solve it.

Let me see if I understand it correctly? 

You do not have any money,

the companies are not making any money but you want to borrow money to supposedly solve it.
I can understand the theory about borrowing money to grow a business, but borrowing money to prop up badly run companies does not sound like a business plan to me. Especially when it is Tax payer’s money. I know which way I will vote.

 
What would be your advice to the government?

I’m Still waiting….

I did what you told me..

I sent the email to 10 people like you said.

I’m still waiting for that miracle to happen.

To all my friends who in the last year sent me best ‘wishes’, chain letters, ‘angel’ letters or other promises of good luck if I forwarded something,

NONE OF THAT Stuff WORKED!

For the remainder of 2008, could you please just send money, gin, chocolate, movie tickets or petrol vouchers and airline tickets instead?

Thank you!

This is one answere to some queastions I Posted here

I tried Googeling this one but unfortunately Google did not seem to have any relevant information, so I am going to have to answer the question myself.

I might be quite possibly asking the wrong the question, as the Internet does provide some very reasonable places to advertise. In fact is it advertising that is keeping the Internet going? I estimate ninety percent of sites are being paid for by advertising.

Arranging online advertising feels like a personal experience and it is time intensive. Once upon a time you could just choose a sports magazine, pay a few grand and have an advertisement made up and you were done. Is that so on the Internet? yes and no.

While it is clear that online advertising is increasing twofold every year as we spend more time behind our PC’s than in front of the TVs, it is not clear what the best place to spend those dollars is. Google has ad words its enormously successful advertising program. Microsoft has its less successful one too. There are hundreds of affiliate network sites, not forgetting Facebook, that wants to make a profit too this year.

If money is less of an objective you can pretty much contact any site; I am sure with the right smile your banner could be up there at a reasonable cost. With so much choice who do you choose? This is really where expertise comes in.  A seasoned professional who knows your market will be able to track down the sites that will be suitable for your adverts negotiate the right deal.

Now is a good time to buy advertising on the Internet with most companies offering very good deals due to the immense competition. Who would you advertise with?

The last couple of days I have been looking at buying some online advertising for www.workconnexions.com I came across a wonderful niche that specialises in making miniature engines for enthusiasts.

Sponsorship was offered on the site at, so I contact the site owner and got this reply back.

“Pages for various craftsmen can be sponsored in exchange for a donation to the foundation. At this time we request a $100 (US) donation for 5 years of sponsorship on a craftsman’s page of your choice. Since many of the sponsors now shown there have been given free placement in order to get the page going in its early stages, you can request to sponsor any page even if it is already sponsored. If that person or business has not paid for the sponsorship, your request will take precedence. Please provide a 2nd choice in case your first choice is not available”

It appears to be a reasonable offer above and I am thinking about buy banner space. Than just this morning chatting with Owen.  He pointed out that Seth Godin has brought a mass of banner advertising and managed to make less than his cost in return. Which made me think too. If Seth can not sell it, who can.

Well appears that there is a growing marketing for advertising on Face book and that a number of companies are making a nice return.  I hope for Facebooks sake that is true or we may all have a problem.

This is one answer to a bunch of questions that I posted here on social media, more answers to follow to that post in the future.

First the easiest way to answer this question; How effective is Social Media? is to demonstrate it:

Go to Google and type in: How effective is social media?

Google doing what it does best comes back with a nice varied selection of articles. From the good side to the bad side and the ugly of course.

On the good side you have

Jeremiah Owyang of Forrester Research recently met experts in the field to discuss how effective social media is in a recession

Article here:

On the bad Side:

Social media “struggling for effective metrics” Just what is success and how do you measure it click here for the article

And the ugly:

Leon Apel makes a case that all the time and effort may not be worth it:

Article here:

There are many other results on the page that are worth looking at, this is just my selection.

I posted the same question in this forum: http://workconnexions.com/node/35#comment-153

In hard times people get a little bit more creative about making money. As there is less money to go around one wants to insure that what one has can go a long way. One might be tempted to visit markets and a sell some products or maybe open an online shop. As Owen, a friend of mine, pointed out that online businesses or websites tend to be seen as a cheap option. no rent, no expensive layout costs, staff recruitment cost. Is that so?

It is common misconception that online stores are cheap and easy. It can be best be summoned up by you get what you pay/put in. For example Ebay provides excellent e-commerce facilities. The only down side with it is the cost. All our clients that use that service are trying unsuccessfully to get away from it. They are tired of Ebay taking their percentage. Unfortunately building up customer trust on there own website is proving difficult. But that need not be the case with  the right planning and investment.

This is where the shop comparison comes in. If you would spend ten thousand pounds setting up out high street retail shop, you will need to spend at least that on an internet retail business to make it successful. There are few shortcuts that really work. If you want to create a successful business you will need to either spend the money to employ somebody to set it up for you in the way that create positive sales, or you will have to spend the time yourself. If you thing that just buying a domain name and putting some e-commerce software purchased for a couple of hundred bucks is going to create an online business, I have news for you. It ain’t going to happen. Pity you may say, but the good news is that with the right tick sheet you can solve many of the problems.

Before you’ll begin you may want to think about the following:

Customer registration and account management, News letter signup, Automatic email confirmation, Search feature, Secure user login, User behaviour statistics, Varied Payment options, Email to a friend

Or maybe not, How about this:

1)Target Audience:
Who is your website directed at? Other businesses, older people, all age groups? It is important to understand who you are talking to and what goals you have for the site.

2) Number of Pages:
Do you know the number and types of pages and how they relate to each other? You don’t need to know the exact details but try and think about what types of pages you should have.

3) Content:
This means the text inside the pages and it is the most important part of the website. The rest of the site builds what we call in the industry rapport, but the contents are what sell your product or services. In fact if your site looked horrible but had great content it could still be successful, but not the other way around.

4) Design:
Do you know what colors you would like or the type of graphic contents? Do you have logos ready to be used? Your site can be graphic heavy as we say or it can be clean and sparse. It is your choice and is very much a personal decision. If you don’t know what you want, you can surf the internet and find some sites you like.

5) Images:
Do you have all the pictures for the site and are they in a digital format?

6) Forms:
These pages are the ones that collect information from your visitors and then send you this information as an email. You can contact us to discuss your options. We will guide you through the process, one step at a time.

When you have considered this you will then need to discuss with an expert in this field who can help you and guide you through this market.

Advertisement: At Wcx we know social media and online business, we know what works and what does not. We have the expertise and contacts to create a site that will fulfil your Gaols. Take a look at www.WorkConneXions.com or our company Site www.wcx.me for more information.

Just recently somebody tried to sell there twitter profile on Ebay. Strange as it may seem and almost laughable. He did manage to get $1,125 plus for his profile

Is this real value of his network? It may not be so far wrong. Moving into the 21st century more and more people will be conducting there sales research, people research etc online. If you do not have profile you may well be drawing a blank. People will expect to be able to reference you or check you out online. In the pursuit of sales I imagine that all these companies are going to be using these tools.

Would I employ somebody who is well networked? Sure I would.

The real value in social networking may be only just be starting to be unraveled, while I am not suggesting that we all start selling our profiles. I do think that individuals with well managed net works will be setting themselves up for whole lot more business at sometime in the future. As posted here by Owen, we may be related to every one much closer than we think. By networks in this blog post I am referring to social media sites, whether that is Linkedin, Facebook, community sites or a blog. To name but a few.

What do you think?

For a while now I have been thinking about Company profits, and how that is relayed in the media, and in particular on the TV/Radio. When company profits are announced it is always the gross amount.

Why it that? And can we do any thing with it

What is the Gross Profit? This Wikipedia entry explains it nicely

Gross profit is found by deducting the cost of goods sold:

Gross profit = Net sales – Cost of goods sold

What I find confusing is that when these figures are quoted in the news it tells us nothing about the company. For example if it brought or sold parts of it business, this would not give an accurate view of sales or what its operating costs are? If these are high it could end up making no money. Gross profit tell us nothing at all. In fact I think it is more misleading and used by some companies as a sort voodoo explanation for its accounts.

What I would like to see it Net income used more by media as a more accurate way to gauge a companies performance. What is Net profit?

Net profit or other wise know as net income is:

Net income = Gross profit – Total operating expenses

The amount this calculation show us tell us much more about the company.
For example an internet company may only have Gross profit of 1 million, if it operation expenses are 100,000 than it profit base line is very healthy.

Alternatively Cement Company Y may have a profit of 1,5 million, but it operation expenses and margin is very high. Let say 60 percent. Meaning that it’s net income (profit) is 600,000. This company is then less profitable than the internet company although is has a higher profit.

Net income is what we need to focus on and concerned about. Gross profit it just voodoo business. It enough people support this idea by commenting below than I would like to take it further.

Let me know you thoughts?