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Anita Campbell, Editor
Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more)
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November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details.
Sunday, February 27, 2005
PowerBlog Review: Online Marketing Blog

Editor's note: It's time again for another in our weekly series of PowerBlog Reviews of business weblogs. Welcome to the fifty-fourth Review.

This week's Review is about the Online Marketing blog. It's the brainchild of Lee Odden, the founder of TopRank, a search engine optimization firm in Minneapolis, Minnesota, USA.

Lee is part of that growing number of professionals who use blogging as a kind of enforced discipline to stay up to date on their areas of expertise. Blogging requires them to efficiently gather news and information. The act of digesting the information and communicating it in a blog makes these professionals even more knowledgeable. Blogs are great knowledge management tools.

At the same time, Lee is providing a valuable service for clients and the public. Blogging also gives him a chance to practice what he preaches, i.e., blog optimization and promotion.

If you are writing a business blog, you are going to want to attract readers. After all, you don't want your hard work to go unnoticed, right?

I've learned quite a bit from reading this blog. You can too.

One of the things I like best about the Online Marketing blog is its niche focus. Lee adheres closely to the topic of search engine optimization, along with hard-to-find information about online marketing. That's what makes it so valuable.

For instance, Lee has an an excellent blogroll of search marketing blogs. I've noted before in these Reviews that compiling a niche-focus, single topic blogroll can be a source of competitive differentiation for a blog. People will bookmark the blog simply because of the great blogroll.

Even better, you'll find very specific posts with step-by-step instructions. Take, for instance, this post about RSS Marketing. It has enough detail to be truly useful. And it is about a subject that only the most knowledgeable insiders are aware of today. But I predict that leveraging RSS for promotion and marketing will become red hot later in 2005 and 2006. Blog posts such as this are one of the factors that set the Online Marketing blog apart.

I recommend spending 15 minutes studying the way this blog is set up and organized. Look at the header, the footer and everything in between. You'll come away with at least a few tips on blog optimization.

Now, it's time for a few lessons directly from Lee, the expert. Lee says there are three components to a well read blog: content, frequency and distribution.

"Content should be flavorful and to the point. Post often. When I started posting several times per day, our traffic increased significantly. When I invited another person to post, it helped even more.

What's great about blog marketing is that you can promote your blog as a web site to traditional search engines and directories as well as to blog/RSS search engines and directories. Using Technorati tags and maintaining bookmarks through del.icio.us and furl.net is having a modest impact on quantity of traffic but it has brought very high quality traffic.

Make meaningful, helpful posts on other blogs in your category. It's the best way to get links and create new connections. Use keywords in your post titles, archive URLs and text links to posts."
Sounds like great advice.


The Power: The Power of the Online Marketing blog is in its specific, hard-to-find information on the topic of search optimization and online marketing, especially blog optimization and RSS marketing.
More About the Growth of Service Industries
Recently I pointed out that service industries have outpaced goods-producing industries. The vast majority of jobs in the United States are in service-producing industries -- about 80%.

Here's more about the growth of service industries. According to the Bureau of Labor Statistics, the 10 fastest growing industries in the United States are all service industries. Go to this page for the industries expected to have the fastest growth rates through the year 2012.

Five of the 10 fastest growing are information services. Four of them are health-care services. The remaining one is a public works service (water and sewer systems).

Here is another chart with a macro view of service industries growing over the next seven years, while goods-producing industries decline.

Does this surprise you?
Friday, February 25, 2005
"Starting Something" by Wayne McVicker
Today is the final stop of the 7th Business Blog Book Tour, and it's here at Small Business Trends. We are excited to have author and entrepreneur Wayne McVicker with us today.

Wayne was nice enough to spend some time with us on the phone, an interview which Steve "Professor Podcast" Rucinski and I recorded.

Wayne is a very likeable and genuine person. Wayne spoke from the heart about his book "Starting Something."

It's a fascinating book that reads more like a novel than a business book. The story is about how Wayne and a partner started the company Neoforma, which went public in the midst of the Dot Com era.

Wayne starts the book with the lines: "I made a few hundred million... I lost a few hundred million."

Those lines are icons of an era. In 12 words they conjure up heady images of technology entrepreneurs turned Dot Com millionaires overnight when their companies went public. And sometimes the millions disappeared just as fast as they came.

The book is set up in an intriguing way. It has many short chapters, each of which is a vignette. You can read a chapter here and there, set it down, and come back later. Bite-sized lessons about business evolve out of the chapters.

Go here to listen to the recording of Wayne McVicker reviewing his own book. You can listen online or download it to your iPod.

I also recommend you buy the book and read it. Especially if you are an entrepreneur driven by your dreams of starting something and growing it.

And as an added treat, Wayne has written up the backstory about self-publishing the book (although the hardback book is so beautifully done you'd swear a major publishing house printed it). If you have ever considered self-publishing a book, you'll find the backstory exceptionally useful.
Self-Publishing A Book
Editor's Note: Today we are hosting the 7th Business Blog Book Tour. The Book Tour features Wayne McVicker, author of "Starting Something." The following is our first Tour article -- this one is the backstory about Wayne's decision to self-publish his book. It's a subject of interest to many aspiring authors. UPDATE: Check out our second Tour article here.


by Wayne McVicker

It was not until I was nearly finished writing "Starting Something" that I gave thought to how I would publish it. I had assumed that I would simply submit it to a few publishers and then hand it off to the one that thought they could best market it.

However, once I began to research the process in depth, I discovered that these days most publishers only accept submittals through agents. And I began to understand that the publishers send the books to distributors who then send them to wholesalers who then sell the books to bookstores. It doesn't take much analysis to determine that there is very little money available to the author in such a long supply chain.

The more I understood about the publishing industry, the more the entrepreneur in me began to take over. I had heard many horror stories from authors who had lost control of their book to their publishers, even when the publishers no longer promoted it. I knew that my book would be hard to categorize, which would make it difficult for a publisher to apply a formula to its promotion (this has proven to be the case.)

With current technology, it is not very difficult to economically produce a book of equal or greater quality than large publishers. I have an extensive background in graphic design, which helped. And there are some great books on self-publishing. Dan Poynter's "The Self-Publishing Manual" contains almost everything one needs to know.

So I started a business to publish the book I had written about starting a business.

Producing the book was a lengthy, involved process, but not particularly difficult. Then... all I had to do was sell it. This is where the odds are stacked against the independent publisher.

The primary starting point for getting publicity is the book review. And book reviewers don't review books by independent publishers. Period.

I am still in the midst of learning about the promotion of business books, but I have learned a few lessons:
  • Don't hire a PR firm. They charge a fortune to do what you can do better yourself. The exception to this rule would be the specialists who guarantee a certain result (such as x number of large market radio interviews for $500).


  • Apply very early to every awards program you can find. While many awards are closed off to independent publishers, most aren't. This is a low-cost way to get a chance to call yourself an award-winning author, which helps open doors that otherwise would be closed.


  • Subscribe to PR Leads. This monthly service feeds you with requests from media reporters seeking experts for particular stories. You can spend $10,000 from a PR firm and get far fewer high quality leads than you'll get in one month of PR Leads for less than $100.


  • Target your market. For me, this Business Blog Tour has been much more effective (and inexpensive... and fun) than attempts to get at broad market media.


  • Be very patient. The book industry moves at a stunningly glacial pace. It takes six months or more to get printed books into bookstores. Business people in particular are busy and distracted. It can take a long time and repeated exposure to get their attention.
It is too early for me to say definitively whether I wholeheartedly recommend the independent publishing route. So far, in spite of many frustrations, I believe that I made the right choice for me. For others, both options should be weighed carefully.

The one case in which self-publishing is certainly the right choice is if the book is truly the start of a business. Most authors of business books make their money from lectures, coaching and the sale of auxiliary materials, such as audio and video aids. The book is only the beginning.
Thursday, February 24, 2005
Entrepreneurism Helps Society
The short post I made a few days ago about religion and entrepreneurism apparently has struck a chord. Thank you for the many wonderful emails, for the comments you left, and for linking to the post.

It's as if entrepreneurs have looked for confirmation that following the path of capitalism is not anti-religious, anti-God or anti-society.

Being self-reliant is not the same as being selfish -- quite the contrary.

In a related vein, I'd like to quote a recent column by Gladys Edmunds in USA Today. She makes the point that "the smallest, most humble entrepreneurial endeavor is honorable and a great contribution to the progress of the human race."

She quotes Booker T. Washington in the following section from the article, which in my view says it all:
"It is easily seen, that if every member of the race should strive to make himself the most indispensable man in his community, and to be successful in business, however humble that business might be, he would contribute much toward smoothing the pathway of his own and future generations." These words were spoken 100 years ago by Booker T. Washington, founder of both The Tuskegee Institute, now known as Tuskegee University, and The National Negro Business League, known today as The National Business League.

I have quoted Washington's statement many times and particularly to people who feel that their small one- and two-person businesses don't count as "real" businesses. Washington realized that slavery had taught American blacks many profitable skills and trades. Things like carpentry, cooking, farming, tailoring and shoemaking were seeds for businesses that could be started at home and with little or no capital. And to utilize those skills to start even the smallest business was both honorable and the right thing to do for the advancement of the race.

The philosophy behind Mr. Washington's words is filled with the entrepreneurial spirit, and the statement is as true today as it was 100 years ago. This message is not only for African Americans but also for all who want self-sufficiency and independence as entrepreneurs.
Read the whole article -- lots of wisdom there, on several different levels.
Tuesday, February 22, 2005
The Dire State of Israeli Small Business
If you think your business is challenging, imagine what it must be like to be a small business in Israel.

Small businesses represent over 97% of all firms in Israel. They constitute the only sector to have created new jobs in the last decade.

Yet, look at the economic challenges that Israel faces: growing poverty, ongoing credit crunch, technology market crash, recession, high unemployment, the Intifada....

The impact of the Intifada has been particularly devastating on small businesses, especially tourism-related businesses. This chart outlining the drop in small business revenues in Jerusalem illustrates how hard they've been hit economically:




From the January 2005 report by the Milken Institute: "Building Israel's Small Business and Microenterprise Sector" (requires free registration).
Monday, February 21, 2005
Small Business Network Replacing Old Boy Network?
It used to be the old boy network. Powerful businessmen would take care of their own, finding good jobs for anyone who managed to graduate from the right school or move in the right circles.

Nowadays, it's just as likely to be small business owners -- with nothing to tie them together except being business owners in the same community -- who take care of their own. They may offer advice to one another, help each other successfully bid on projects, provide cross referrals, and otherwise help make each other successful.

Sometimes the way they help each other defies an exact description, as noted in this article by Amy Wu in the Democrat and Chronicle. I'm quoted in the article saying there's not an exact description for it.

But if it is working for the business owners, who needs exact descriptions anyway?