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Utilising technology to its full business potential

9 Replies Chadrack

There is no doubt about it. Technology has greatly enhanced how we carry out our businesses today. It’s just one of the beauties of the information age and for this, most of us cannot but thank modern communication technology for the opportunity to work and connect with the whole wide world!

But, think about this…

Is technology really a blessing to your business or you have become so obsessed with it that it has become a curse?

Have you become so engrossed and mesmerized by the tools of information technology that you have quickly forgotten why you bought them in the first place?

Have you forgotten that those tools were to leverage your time and help grow your business?

It’s really unfortunate that many online business entrepreneurs unintentionally have allowed modern technology gadgets and tools to suck the time out of their lives and add needless overhead to their businesses.

As a fellow web entrepreneur interested in your business success, I want to use this article to give you some basic tips on how you can truly make modern day technology a blessing in your online business. My desire is to ensure that you make every cent you will ever spend on your business count. Of course, this may not agree with many but that doesn’t really matter as long as you are able to gain with it. And so, I invite you to read this article all through.

A Japanese and a Texan story

The Story of the Japanese and the Texan

I don’t know if you have heard this story before, but I must say it is one that has a lot of lessons for us as regards what we want to discuss in this article. The story is about a Japanese man and a Texan who were passing through customs at an airport. The Japanese man was said to have with him two large suitcases and the Texan wanting to play the Good Samaritan, offered to help the Japanese move the suitcases toward the customs officers. Just as he was doing this, the Japanese man’s wristwatch started beeping and the man listened to the message and talked through a miniature speaker on the telephone in the wristwatch.

The Texan was amazed and right there offered to purchase the watch for $5,000. But the Japanese declined, saying the watch was not for sale.

The Texan now more interested in the Japanese man continued helping the man to push his heavy bags forward. A few seconds later the watch beeped again and this time the Japanese man opened the watch to receive an email message and then replied same using a small computer contained in the watch. The Texan, awestruck, again offered to purchase the watch but this time for $25,000.

“The watch is not for sale,” the Japanese man again replied.

Now, the Texan could not take the thought of the watch from his mind. To him that wristwatch is just want he wanted right now! And, then as he again helped push the enormous bags forward the watch beeped a third time. This time a long fax came out. The Texan, now more determined to own that watch, offered to purchase it for $300,000.

At this, the Japanese man turned to him and asked if he had the money there. The Texan quickly and eagerly wrote out a check for him. The Japanese man processed the check on the watch and then transferred the money into his Swiss bank account. After this, he took off the watch and handed it to the Texan and walked away.

As he was walking away the Texan realized that the Japanese man had left the enormous bags behind. Turning around he called out to him, “you’re forgetting your bags.”

“Those are not my bags,” the Japanese man shouted back. “They’re the batteries for your watch!”

Lol!

Alright, so how does this story relate to what I want to discuss with you here?

In many ways! Actually the moral of the story is that the Texan got caught on the wrong side of information technology! And so, my point here is that you should be careful that you don’t fall into the same trap.

To help you avoid this trap here a few tips on how you can make technology to work maximally for your online business.

building a successful online business

1. Don’t Invest Your Time Or Money Except If It Adds Value

Every day new and enticing tools and software are being pushed into the market. You must beware that you’re not drawn by them. If you allow yourself to be obsessed or mesmerized, you will end up with gadgets that are nothing but fanciful toys.

Before investing your resources in any tool of technology, ask yourself if it will increase sales, help lower overhead or help in your business effectiveness. If any gadget fails in any of these areas then do not invest your time or money in it.

2. Do Not Become A Slave Of Technology

Many online entrepreneurs have allowed themselves to become slaves of online tools. I’m sure you are very much aware of the distractions we all face every day on the net. Online media, online games, online chatting etc, have become an obsession for many.

As an entrepreneur, you must understand that your time is valuable. You must therefore learn to master these tools so that they do not sabotage your productivity. If possible find ways of automating the use of these tools.

3. Use Inexpensive But Smart Tools Whenever Possible

Why rush to get any technological tool or gadget that hit the market? Do not be deceived, that tool may be the latest right now but with the rate these tools are being turned out, that latest gadget may just be obsolete even before you learn to enjoy its full potentials.

The solution? Decide on what you want done in your business and then go for the tools that will help you with that. The good thing is that there are smart tools that you can pick up online that will help you save both money and time and possibly increase your effectiveness.

4. If You Must Buy It Then Use It To The Fullest

This flows from #3 above. One thing that is clear is that most technological gadgets today can actually perform a whole lot of things. If you must invest your money and time on any of these, then learn to use it to the fullest. There are a hundred and one places online where you can learn about using these tools. There are free tutorials you can access online. Also blogs like the Technology Bloggers, can be of great help.

5. Don’t Get It Before You Need It

As an internet marketer I think I’m progressing in error here but I think your success as an entrepreneur is more important to me than any form of monetary gain.

If you’re subscribed to internet marketing newsletters or you spend a considerable time surfing the net, you will understand that every day new tools and “push button” software are being pushed at us left, right and center by smart internet marketers.

If you’re not focused, you’ll be tempted to believe that if you don’t own that latest tool or software, the world will just be passing you by!

But instead of falling into this trap, ask yourself if you indeed need that tool right now. If not don’t go for it. When you truly do need it, the right tool, and maybe something better, will be available for you!

Conclusion

In a rapidly changing world, technology is essential to effectively compete as a business however, not every tool of technology is worth your time. Spending your time and finance on technology for its sake, will end up as a curse instead of a blessing. Be disciplined and master your use of online tools and gadgets if you want your business to greatly benefit with the latest push button technology.

Over to You: Have you ever invested in a tool or gadget that you later regretted? Are you an online entrepreneur? How are you maximizing your use of technology for your online business? Share your experience with us in the comments below.

How important is the quality of hosting to online retailers?

5 Replies Christopher Roberts

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With many brick-and-mortar businesses adding an online version of their high-street store to their portfolio, it’s important that firms choose the right web hosting service. With myriad services offering cheap deals, firms ought to be wary regarding offers that appear to be too good to be true – because they usually are.

On the surface, purchasing web hosting that costs £20 a month seems like a steal. In fact, it is a steal. However the only thing that is being nicked is precious uptime for online retailers, as the vast majority of cheap hosts go hand-in-hand with downtime.

Downtime – a retailer’s worst nightmare

For online retailers, downtime is especially important; every second of downtime is potentially a lost sale. Would you rather pay a premium for quality web hosting that is reliable and constantly up, or pay a third of the price for web hosting that keeps going down? In the long-term, it may cost more for firms to pay for cheap, but less reliable hosting.

In addition, utilising the services of a web hosting service in your time zone could be important, especially for smaller firms. Imagine if your store goes down but your hosting service is half-way across the world. This is certainly not ideal for any stores looking to make sales. For example, let’s just say your UK-based store goes down at lunchtime. No amount of calls at 12pm is going to wake a firm located half-way across the world; tucked up in bed at 12am. It’s a nightmare scenario.

SEO

The importance of SEO over the last 10 years has changed the face of the internet. An increasing number of online retailers are producing fresh content in a bid to become a publishing authority in the eyes of search engines.

However, when a cheap hosting company offers dead links, 404 errors and other harmful downtime to a retailer, what are these search engines going to think? Bounced traffic isn’t going to look good in the eyes of Google or Bing.

Technology Bloggers 404 error

Technology Bloggers 404 Page

Eventually, a retailer could slip down the rankings, and get flanked by its competition. It takes a lot of dedication to work up the search rankings, so don’t let a bogus hosting firm ruin your company and its prospects.

Security

In addition, security should be a top priority for online retailers. The amount of hackers roaming cyberspace is vast and make no mistake – they’re ready to capitalise on unprotected websites. By opting for secure web hosting which features STFP and SSL, a business and its clients can feel assured that all sensitive data is kept in safe hands.

As you can see, the quality of web hosting is an absolutely integral part of the foundations of success for online retailers. In an era of cost cutting and tight purse strings, it might be tempting to lump with a cheap web hosting service from the other side of the world, but in the long-term you may end up opening your wallet more often than you think.

How To Climb Up The Online Business Mountain

13 Replies Nick

If you have ever participate in an outdoor activity, especially mountain hiking, you will agree with me that it has a lot in common with the strategic steps we ought to go through before expecting rewarding online business success.

Just like outdoor activities start from recording a list of the necessary gear to use, succeeding in online business also involves a strategic approach of proper self organization, from getting the required working materials to effective time management.

Even while there is already a lot of fun in working from home, it also comes with some time and self management challenges which often keep most of us from climbing up the online business mountain and achieving total control and freedom.

On top of a snow covered mountain

Climb the mountain to online business success

For an effective approach towards achieving online business success, we have to pay attention to the following:

Effective Time Management

This is the most important factor that determines the level we can reach as online business owners. Ineffective time management can ruin our progress and deter us from achieving the great heights. For effective time management, we need to:

Schedule our time: Doing the dishes, laundry, coking and some other household activities are going to steal your business time, if you don’t schedule them wisely.

It is true that these activities are necessary and have to be done, but you will be more productive both at your family duties and at your online business, if you schedule special periods in the day for everything you need to do in the house and for your online business as well.

Once it is the time for each of them, leave every other thing you are doing and focus on them. This will improve your concentration and ensure you accomplish more.

While these activities are inevitable, there are others, like online chats with friends, online videos and their likes are total time-suckers and should be avoided.

Stop procrastination: Once you have fixed activities for the day, don’t shift one to the next minute. If it is time to get something done, get it done. I learn this the hard way, but it is good you know that every minute of the day comes with some needs. Shifting any activity to the future will pile up with loads of other activities and eventually will overwhelm you.

Working place and passion for your job

It is critical to love your work and be able to do it in a nice and cozy place. For effectiveness in online business we need to:

Create a space and keep it organized: Even though you work from home, getting a separate office for your business will make you take it more seriously and ensure that you accomplish something on daily basis. Also, properly organizing your working space will ensure that it doesn’t repel your interest but instead, lure you to work.

Love what you do and let the others be aware too: Tell your family and friends that even though you stay at home, certain periods of the day are dedicated to your online business. They will respect this fact only when they see how bold and serious you are, and how important this is for you; hence you need to show them that commitment.

Measure your success and reward yourself: Most times, many online business owners lose hope and give up when they feel that nothing is working. Even that period is important, because you have found methods that don’t really work and you just need to concentrate to do things differently. However, find a way to measure your success, even if it is the little things you accomplish in your day, and reward yourself for that by taking yourself out, watching your favorite TV series, etc.

With all these been cleared up, you have built a strategic plan and you’re ready to go. Pack your backpack with all these necessary gear and with determination hit the trail to online business success. The path won’t be easy, but you will be prepared.