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166. Zip Code Phonebook Yellow Pages

Wednesday Dec 9, 2009

Zip Code Phonebook Yellow Pages

A California-based research company has been extensively doing studies on U.S. ZIP (Zone Improvement Program) Codes, they can now predict, with certain percentage of accuracy, what you ate for breakfast based on your zip code.

Zip Code is the smallest, most organized accumulation of information by which we can evaluate the demographic flavor of a given area.

From a marketing standpoint, most retail businesses use zip code along with the Pareto Principle that 80% of your customers reside within the zip codes that connect to your location. In theory, they live no more than 7 miles from where you are.

A CHANGING MARKETPLACE

The phonebook we have grown accustomed to was developed over 30 years ago. Only it has grown in terms of thickness, weight, and aesthetic design.

From a marketing perspective, except for its dominance and near monopoly, it has been rendered useless by a more mobile and more efficient market.

When the Yellow Pages was first introduced, the world “malls”, “strip malls”, “executive centers”, and “postal & mail box centers” were unknown to American consumers.

Today, it is easier for us to dial directory assistance or look online than it is to use the phonebook.

USE OLD PATTERNS

To make it easy for advertisers and consumers to swallow something new, make it look like it’s old. So, use simple patterns and designs borrowed from old phonebooks, including rates charged for your territory.

Establish your advertising rates based on the number of homes and businesses your Zip Code phonebook is going into.

You can cover as many Zip Codes as you want, just make sure you do not pile up a marketplace so large you are practically competing with the phone company. The best rule of thumb is to break the phone company’s general distribution area into 7 phonebooks.

GTE used to have what they called “The Neighborhood Phonebook”. I think the reason it died is that it broke down its neighborhood either very conceptually or too similar to the way all other phonebooks do. Advertisers want solid numbers. Zip Codes are solid. Just ask the postal service.


164. Producing How-TO CD’s

Friday Dec 4, 2009

Producing How-TO CD’s

The CD is entitled: “This CD Can Make You Filthy Rich”, and It’s about producing how-to CDs - a concept whose time has come. At $15 each, plus $3 shipping & handling, the producer of CD will gross $18,000 selling 1,000 CDs.

Minimum Start-Up: $2,500
Average Start-Up: $5,000
Revenue: $12,000
One Person Business: Yes

The production cost is quite small. The audio program was written by the producer who brought the script to a “Narration House” where a professional announcer does the voice recording using a professional studio.

NARRATION HOUSES

You can order radio commercials as well as other “voice” recorded programs to be produced by so-called “narration houses”.

This business is usually run by a professional announcer who owns or has access to a professional recording studio.

Just send your script to a narration house and have thim record it for you. The amount you are charged depends on the length of your material and the type of tape on which you want your “master copy” recorded. A 30-minute material may cost you $450.

THE INTERVIEW FORMAT

Another popular format for a How-To CD is what we call the “Interview” format.

This is where the author or producer of the CD is interviewed on a subject in which he or she is an expert.

Since this format is prepared on a “question and answer” basis, it is relatively easy to structure, allowing for a more logical presentation of the ideas the author wants to cover.

With this format, the author can prepare 30 to 50 questions which, together with the answers, can be edited down to a 30 to 40 minute program.

Depending on where the interview is produced, this format may cost less than a straight presentation where the bulk of the work uses the voice of a professional narrator.

YOUR MARKET

In a “How-To” project, it is always recommended that you select your topics based on your expertise or access to information.

From a marketing standpoint, it is equally beneficial for you to be familiar with the market to which you expect to market your How-To CD.

If your topic is very selective, use direct mail to market your CDs. If it is an extremely popular topic that can be promoted on TV, use 60-second TV spots or print ads.


162. Prepaid Long Distance

Monday Nov 30, 2009

Prepaid Long Distance

The next money-maker in the long distance telephone business will be focused on the way we buy and pay for long distance service.

PAY PHONES & OTHER STUFF

In the past, technological advancement in telecommunications services has opened doors for entrepreneurs to make money selling services.

Private-Party owned Pay Phones spread like wildfire, and 25c Per-Minute Long Distance Flat Rate Billing was introduced and gobbled up by an excited marketplace.

PAY NOW, CALL LATER

Prepaid Long Distance service is nothing more than a marketing person’s dream of being able to charge for something that need not be delivered right away.

Here’s how it works:

  1. You walk into a convenience store and buy a Phone Card for $10, or any denomination it is being sold.
  2. When the time comes for you to use the card, simply edial the toll-free 800 number and enter the 14-digit code printed on the card.
  3. An automated operator’s voice comes on the line and announces that you have $10 worth of long distance calling available to you.
  4. A dial tone comes on and you enter the area code and phone number you want to call.

PLUS & MINUS

Prepaid Long Distance and collecting Phone Cards are now a big craze in Japan. Phone Cards are now being traded like baseball cards, with values in excess of $1,000

Companies giveaway free long distance service as premiums and incentives, and then print their names on the Cards that they giveaway.

But in spite of all thes fads, Prepaid Long Distance has some built-in disadvantages that need to be corrected to guarantee its success.

Here are a few:

  • We are a credit-based society. We are not accustomed to paying in advance for services we are not using at the time of purchase.
  • The rates marketing companies are charging are relatively higher than basic phone company rates.
  • As a business, long distance resellers and marketers will be competing for the same consumer “penny”.

Mixed with something novel or commercially accepted, prepaid phone cards may just make it big in the U.S.


159. Making Money With Voicemail

Monday Nov 23, 2009

Making Money With Voice Mail

Although this money-making is continuously being marketed as “a way to make money with your answering machine”, new technology has actually rendered this idea obsolete.

With the proliferation of voice mail, fax-back service, and very inexpensive computerized voice processing systems, the answering machine, with its limited one-call-at-a-time capacity, is no longer ideal for making money.

With the advent of this new technology, the concept has also expanded to a variety of processes which you can use to make money.

PEOPLE MUST CALL

With answering machines, the only way you can make money is when people call you up. Since an answering machine is hooked up to a specific phone number, and since it does not advertise on its own, you will have to establish ways to attract people to call your phone number so that people can listen to the message recorded on your answering machine.

THE MESSAGE IS THE KEY

The message recorded on your answering machine is the key to your ability to make money.

The message can instruct people to send money for information about any subject matter, or instruct callers to leave their name and address so you can send them a sales brochure. The information you have recorded on your machine should be encouraging and convincing enough to motivate the caller to do what you have instructed.

THE 1-MINUTE SPIEL

Think of your recording as a radio commercial. Since callers have short attention span, used to hearing radio and TV spots that are not more than 1 minute long it is advisable that you limit the length of your message to about 1 minute, 2 minutes tops!

GETTING THE CALL & COLLECTING PAYMENT

Whatever it is you are selling, and by which you are using your answering machine or service, your primary challenge will be in two areas:

  1. How you can advertise and make your telephone number known to as many people as possible.
  2. How you are going to collect payment for whatever it is you are selling.

SELLING THE INFORMATION

One of the most popular topics sold on “answering machine schemes” is information about how people can make money with their answering machine.

This is worn out and very unimaginative. More than likely, your caller will feel insulted and not order whatever literature, report or booklet you want them to order.

Remember, if you want to have a recorded sales message over the telephone, use a voice mail service, which may cost you around $8 a month.


158. Producing Newsletters On CD

Friday Nov 20, 2009

Producing Newsletters On CD

Brandel Communications is currently developing a newsletter that will be released on Compact Discs, mailed to you once every two months.

The subscription rate is $195 a year. (Our production cost: around $3 per CD. With 6 CDs a year, our total cost is $18 per subscriber.)

Instead of print or video, we have decided to tap the CD market, the fastest growing communications media.

Minimum Start-Up: $2,500
Average Start-Up: 10,000
Profit Margins: 50% to 75%
One Person Business: Yes

OPPORTUNITY SEEKERS

To offer a subscription to this (still unnamed) newsletter, we are running full page ads in opportunities magazines, as well as implement a direct mail campaign.

Our initial marketing thrust will be directed at individuals seeking to start their own business, or a second source of revenue.

The Biz Opp market is at a strategic crossroads where new economic opportunities intersect with our growing disenchantment with conventional employment.

This market thinks! And it is quick at recognizing new opportunities. This is why we decided that the growth of How-To CDs depend on the variety of titles available.

WE CAN REPRESENT & SELL YOUR CD TITLES

While we are selling subscription to our newsletter, we offer customers the opportunity to purchase other CD titles.

We also have a regular New Titles ad which lists new Power Guides and How-To CDs available.

Every time we send out a newsletter and a catalogue, we include your CD on our title list and orders are sent directly to you. We do not take a commission or a percentage of your sales.

Your customer’s orders and payments come directly to you. You fulfill the orders and keep the money. We will design and print your ad for you.

CREATE YOUR OWN NEWSLETTER

We will accept advertising from those of you who plan to produce your own CD newsletter.

Producing a newsletter on CD allows you to collect subscriptions in advance, which is extremely helpful in generating cash flow during your start-up stages.

Producing a newsletter gives you a continuing link with a market that shares your common interests. Consider also the interest factor for a newsletter in CD form is quite high.


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