Monthly Archives: April 2008

Is Paid Click Advertising Dead?…And This Was Posed by A Professor. Steve Pohlit Reports Resonds

A professor writes for iMedia regarding the viability of paid search. Click Here for the link

This is a perfect example of professors teaching principle based on academic research vs. actual experience. I encourage you to read the entire post and my response. The following is what I published. ………………………

Hello and thank you for the post and data. Regarding the data on blogs I am wondering if it captures the blog hosted on a server supporting a domain name. For example http://www.stevereports.com is a WordPress blog platform hosted on space I lease. I set it up without going through the WordPress site. Seems to me this would distort you analysis.

The substantive issue of your article is on paid search. I just spent a year with an eCommerce business model where paid search continues to be an important part of the marketing strategy. Every campaign was carefully constructed and revenue vs. cost was continually monitored. To give you an idea of volume the company invests about $15,000 a month in paid search.

The results continue to exceed forecast. As long as there is profit after cost of the ad and cost of the product sold the ads will continue. As this is written the performance of paid search is very lucrative for the business.

Marketing strategy is a meaningful component of The Profit System I developed to help companies improve revenue and profits. I continue to recommend and assist clients with the implementation of paid click advertising.

Steve Pohlit, Business Development Consultant
http://www.stevereports.com

Steve Pohlit Reports on The Question Raised by Lynn Pierce On Why So Much Confusion?

Lynn Pierce is a wonderful business professional and is  successful author, speaker, business coach and more.  Click Here for more on Lynn

In a blog post today Lynn writes (excerpts – click above for the complete post): “It doesn’t matter if it’s an experienced speaker making the transition from fee based & keynote speaking to public speaking or if it’s someone just starting out who wants to be a speaker, author or Internet Marketer, they all seem to be struggling with the same key issues.”…..

“One thing is that the new people just getting into this industry of information marketing are spending thousands of dollars learning how to build a list or how to blog & podcast or they’ve gone to speaker training, or learn how to do teleseminars or how to drive traffic and they still don’t know what their topic is.”

In all fairness most people who are passionate about business, marketing on line and off line and developing their own independent business are buyers.  I am still a buyer and plan on attending even more events in the next 12 months. Each time I go to an event I buy products and consistently buy products that appear interesting. In many cases I want to see what someone else is doing.  I may be able to adopt some of their content to what I am working on. I think I am doing a better job of knowing my topics.

There is deeper issue and this is my comment to Lynn’s blog post:

….Hi Lynn, hope you are doing great. Your post presents several very interesting topics for discussion. That by the way is an great way of generating interest and attention on a blog based site.

There is no question that focus on a topic matter is very important. I think it is important to realize that if your topic is one that others also focus on that is good. The market is telling you there is demand. I know I have side stepped topics in the past because of “this has already been addressed” only to see someone else recycle the topic in a new package.

My thinking today as I continue to move forward with my consulting practice where I show companies How To Increase Revenue and Profits by 30% or More in 90 Days or Less with my process called “The Profit System” is that the dreams and desires of the individual must be met or anything that is successful will be short lived.

Using your example of a speaker who wants to take their keynote and develop it into an information product, if their motivation is the money it is likely going to be a mediocre product. There needs to be a passion about what we do that is in alignment of who we are. This is the reason I am now adopting my work with The Prosperity Now Program into my professional practice.

I welcome all to stay current with the developments of The Prosperity Now Program by registering at http://www.prosperitytip.com

Of course I love to be followed and reciprocate at http://www.twitter.com/stevepohlit and always looking for more friends at Facebook.com , LinkedIn.com and MySpace

May you experience you pure potentiality in all areas of your life.

Steve Pohlit, Business Development Consultant
http://www.stevereports.com

Make More Money Mondays by Stephen Pierce: Steve Pohlit Reports

The following is my comment to the 4-21 broadcast by Stephen Pierce on his dtalpha talkback site (For my readers don’t miss some of the key points from his broadcast following my comments:

Hello Stephen – I normally do not go back to information posted that I did not have time that day to review due to time constraints. However, Stephen Piece is an exception. The value you offer is tremendous.

Very interesting list of 7 resources for Make More Money Monday. I am creating an Action Plan Tracker for this broadcast. All are welcome to consider http://www.actionplantracker.com Once you see how this work you can create your own action plan trackers, submit ones to me and I will add them to the site with full credit to you (great link backs) and more.

But first another blog entry at http://www.stevereports.com unconditionally recommending everyone subscribe to dtalpha.com

I am grateful for what you are giving Stephen.

Steve
http://www.prosperitytip.com

Here are a couple of the recommendations Stephen made:

Advertise your blog in your email signature using Blog Sigs (looks really cool)
If you are a blogger, install Zemantra and see how this will help you.

You really should listen to Stephen describe each of the seven resources he recommends in the broadcast.

Next: Look for my comments to Jack Welsh on his latest advice in Business Week on Dealing With A Downturn.

From my Prosperity Tip lessons:

May you experience your pure potentiality and live the life of your dreams.

Steve Pohlit, Business Development Consultant and Coach
http://www.stevereports.com

Tony Robins Sues Stephen Pierce : Steve Pohlit Advises On Litigation

Stephen Pierce announced on his podcast today that he has been sued by The Tony Robins organization. Click Here for the full story.

Tony and Steve market very prosperous self help and self development material and each of them has had their respective life challenging situations that most people do not think about when they see or listen to their resources. So what happened?

I can share with you what I believed happened based on my experience with clients and my own experiences with attorneys which is significant. In summary, no matter what they say attorneys are in the business of generating fees. Let me restate that as I would like you to really get that point: Attorneys are in the business of generating fees!!

Outside of criminal behavior, which is not the topic of this article, I am not aware of an instance where a business matter cannot be first resolved by the two relevant parties. On the flip side of that in every instance where I have seen one party say: “I’ll just let my attorney handle this” what happens is a drawn out circus that double, triples, quadruples and more the cost of the matter.

Tony Robins vs. Stephen Pierce is a great example. Based on what I heard if someone from Tony’s office had simply picked up the phone or sent an letter requesting clarification from Stephen I cannot imagine this matter getting to the point of a lawsuit. However, an weakness in the Tony Robins organization allowed for a small matter to mushroom into a public spectacle.

So what would I do if I were Tony Robins?

Assuming what Stephen says in his podcast is true and it is hard to imagine him twisting the facts, I would immediately withdraw the lawsuit, issue an apology and dismiss the people who decided to take this action. I would take one final step and that is to make sure no legal action is taken without full disclose of the facts and my personal sign-off authorizing moving forward with the lawsuit.

What would I do if I were Stephen Pierce?

Nothing different. Stephen is broadcasting his position in this matter and if the lawsuit goes forward he will have to respond.

Summary Story and Advise:

I was at a board of directors meeting for a $10 Billion dollar company during which a very sensitive matter was being discussed. I will never forget the one side presenting what was clearly a well rehearsed point of view that was developed by lawyers. After the presentation, one very notable board member stood up looked directly in the eye of this other very powerful person and said Mr.____ I have achieved a measure of success in my life (which was an understatement) and if I had listened to my lawyers I would be out of business today.

I will never forget that day and placing that in context, there are times when we all should seek the advice legal counsel . However, I close with restating the point I made at the start of this article in a different way: I have never seen a business situation where the substantive points could not be resolved between the two parties first and then turned over to the lawyers for documentation. When business situations get turned over to the attorneys first, deals get killed, costs accelerate at warp speed and a lot of time is wasted.

If you are ever in a business situation where you feel you need the advice of an attorney, make damn sure you have received the best business advice first.

From my Prosperity Tip lessons:

May you experience your pure potentiality and live the life of your dreams.

Steve Pohlit, Business Development Consultant and Coach
http://www.stevereports.com

Part 3 (Final For Now) Steve Pohlit's Response To Patsi Krakoff's (The Blog Squad) Question: Is Social Networking A Wast of Time?

In Part 1 the size of the social networking market today was introduced with specific reference to the rapid rise of Facebook in just over three years. Successful social networking includes opening the doors to your life. This seemed natural for the early adopters of social networking, but for many others today,it is not and is still not natural. I pointed out the leadership role John Reese has taken to introducing Facebook to his huge list and beginning to share parts of his previously well guarded life. John’s posture as well as others has a ripple effect on the business community.

In Part 2 I disclosed that relationships are the primary reason I feel social networking is a valuable use of time. I remind myself and share this view with you that in any relationship, you have to do your part. I accept total responsibility for those relationships that have fallen by the wayside in my life. I am not repeating those mistakes including ones developed in my world of social networking. People active on the social networking sites are giving and giving and giving more. That is real positive energy circulating. I have chosen to be with that energy flow.

In the last of this series I am opening the door to the more notable of my experiences in just three weeks of being active on Facebook. I am not holding anything back. There have been many wonderful experiences. I didn’t maintain a list and will probably remember others after this is published. These will provide you a good view of my experience in a short time. Sequentially:

1. I posted pictures of an event in Orlando and immediately a person who I have tremendous respect for messaged me and asked “Steve where is the car?” I then knew that John Reese was following certain information I was posting. The car was John’s Lamborghini. I have a picture of me and John with his car from that event. I found the picture and posted it. That brief communication reinforced for me that I wanted to make sure that everything I was posting would be viewed in a positive light by whomever decided to read it.

2. Travis Greenlee published a series of videos on growing your network on Facebook. He did a terrific job and I spent 30 minutes watching his series and taking notes. I developed an action plan tracker from those videos that I posted to the Action Plan Tracker site. I began working those action steps. Travis liked it – I am not sure that many of the 2,000 people in his network paid that close attention to his work . Welcome to the world of social networking. You can put the value out there but most people will not pay attention to it. We still live in a “give me the magic pill” society. I digress.

3. I developed the site Prosperity Tip. This is the front end for The Prosperity Now Program under development and the associated Prosperity Tool Chest which is the most powerful tool for transforming your life if that is something you want to do. That background is important because right about the time I was becoming active on Facebook I was finishing the book The Moses Code by James Twyman. There are no coincidences and one of my new friends was talking about Facebook Groups. So I thought I would look up The Moses Code group and it wasn’t formed. I formed it immediately. The next morning there were maybe 6 members with me and my daughter representing 2 out the 6. One of the other members is the author – how cool is that? You can join a group on Facebook reflecting your interests and start one of your own. I notice that there are a huge number of groups. Many are started and few are that active and stay on topic. If you start one, stick to the original purpose.

4. Authors I highly respect are in my network: Joe Vitale, Deepak Chopra, Joe Sugarman, John Assarof, James Twyman to name a few. Of course there are experts who are not on Facebook but many are. Do not hesitate to approach anyone to network with you. Sending them a note that you enjoy their work goes a long way to receiving a reply.

5. Nikhil Satija and I became Facebook friends. One day I noticed a short post from Nikhil and checked out what he was doing. That led to a unique joint venture for promoting a high ticket product. There is more information at his group Million Dollar Business on Facebook and at the page I webpage I set up to introduce people to this idea. ( Click Here ) Today we are working together on developing traffic flow and that is fun.

6. Another post led me to Bubble Ply . Now imagine the likelihood of paying attention to a name like that. Well this post from a FB friend led me to that site and all I can say is wow. I posted an article about this or should I say I demonstrated this technology in a post Titled “Nobody Is Talking About This …Is This off The Charts or What? ”

(Remember I am writing about things that have happened in just the last three weeks of being active on Facebook)

7. I learned about Twitter and can follow some of the activity of interesting people. Just this week I learned how to sync Twitter with Facebook using an application on Facebook called twittersync. Guess where I learned that? Correct a Facebook friend led me to that solution. Candidly I am sure about Twitter but I am active with it and I will likely write about Twitter at some future date.

8. My friends introduce me to games and applications that I never would have given any thought to. Realistically I decline many of those invitations. While they may be interesting, like many other people I make choices as to how I will use my time. However, several of those recommendations I am experimenting with and one of them looks to be very powerful and is in the category of “I can’t believe more people are not in a buzz about this!” What is it? See the next item on the list.

9. One of my newest friends is Michael Wolf. He is CEO of a UK based company that has developed a very fascinating application that assists people in 1.) Promoting their expertise 2.) Finding people for projects and 3.) Researching a question or issue. Currently this is a Facebook application. It appears to be very new as there are some technical challenges still being worked out. I am in touch with Michael and have given him details that may help his company work out the remaining issues. I will be writing an Action Plan Tracker on this application when the technical issues are worked out and I have more experience with it. What is interesting to me is that this application falls within the scope of another business model idea I had developed within 24 hours of Michael contacting me to be his friend. A great example of the Law of Attraction working.

10. I wrote about this in Part 2 and clearly this last item is the number one reason I am active with Facebook. I have 400+ more direct connections around the world than I had three weeks ago. I feel that I know a number of them quite well and our relationships are growing closer. This connection feels real good to me. One of the key principles I have taught in The Prosperity Now Program is that to me our main goal is being at peace. Yes we deserve all this world has to offer but I we are not at peace with who we are and what we have, all the money and what that can buy means nothing. At some point all of us leave all the stuff behind and what remains is our footprint on the soul of others.

Patsi, you are a wonderful lady and thank you for asking the question. I had no idea my answer would lead to a three part series, but I loved sharing this with everyone.

The close of this series is one that I use for my Prosperity Tip readers:

May you experience your pure potentiality and live the life of your dreams.

Steve Pohlit, Business Development Consultant and Coach
http://www.stevereports.com

Part 2: My Response To The Blog Squad's Question Is Social Networking A Waste of Tme

Consider there are a lot of people who are not on social networking sites and don’t even know what you mean when you mention it. At a recent meeting of 70 people in the age range of 20-75 with most in the age group of 40-60, I was mentioning Facebook and asked how many knew what I was talking about? 20% maybe knew and 10% used it. I think that number is representative for that age group and there are reports issued validating the number of users is growing each month.

Here is a peak at my experience with growing a network on Facebook. In literally three weeks my friends on Facebook grew from 9 to 389. In my network I estimate more than 90% of the people are most concerned about what they do and have no interest in what I do after we are connected. Many (and I have done this when I started) use the Facebook system to add numbers of “friends”. When I scan my friends list and the friends of a friend list I notice very few people have posted any recent news. This tells me there is a huge group of people not very active on Facebook – maybe 90%. I am a great example. I have been a member of Facebook for about two years and have been active for three weeks.

My conclusion is that the majority of people on line are not aware of social networking sites and of the people on these sites the majority are not active. That leads me to think that for people interested in developing business, spending time on social networks is a total waste of time like Patsi suspects. But wait a minute…

Social networking on line is only a little over three years old. The initial crowd was mostly college students and to some extent people in counter mainstream niche markets. That has changed. If you do a search on your favorite author, entrepreneur, spiritual leader or celebrity, you are likely to find they have a profile on a social networking site like Facebook or MySpace. Every author and speaker that interests me has video clips on YouTube. Every artist that I have every researched on YouTube has videos of concerts and more on YouTube. I love what is available to me based on my interests. I also feel very good about my growing network.

Many of those people and I share the same professional and personal interests. How do I know that? I have formed a couple of groups and people join. They wouldn’t do that if they didn’t have an interest.

Today there will be over 400 people who can view my profile, see a few pictures and understand my professional and personal interests. I have reviewed the profiles and commented no many of them. Every new person in my network receives a detailed message from me that includes a sincere offer to help them with ideas if I can. I have received almost zero notes in response to my offer.

I also openly tell everyone I am interested in building my client base and an ideal client for me falls into one of two categories: First a company in the retail, manufacturing, distribution, hospitality, construction or transportation industry that has 25 or more employees. Companies fitting that profile are ones where I use my on site program The Profit System for increasing their revenue and profit by 30% or more in 90 days or less. Second: for smaller businesses I am offering a coaching program that leads them through many of the same processes used for the large companies, only I am doing more of that work remote so it is affordable for the small business owner, entrepreneur and solopreneur (a term I learned on Facebook) And more than 400 new friends are recognizing that I offer very nice referral fees for new business.

By the end of May my network will be greater than 1,000 and there will be an increasing number of people from countries outside of the US who are Facebook friends with me. Will all of this mean more business? I have no idea. What is most important to me are the relationships I am forming. Do I have a relationship with each person in my network. Yes but the relationships just like anywhere else vary based on our respective interests and points of view.

I will tell you an interesting story about the lady who asked the question that resulted in me writing this series …Patsi Krakoff. I have known of Patsi for a couple years because I am a subscriber to The Blog Squad Blog (and you should be too  Click Here ). As new friends on Facebook I noticed several videos Patsi  posted for her Facebook friends network  and… well let’s just say a bright, articulate, attractive woman gets the attention of this single man. So I sent her a polite message that included the question: are you married? Patsi’s reply was wonderful. I truly felt she was flattered that I asked and then she let me know that she was very happily married. Of course I  wish her and her husband bliss forever.  Patsi and I are now a little bit closer from sharing that communication. You just never know what might happen on a social networking site.

I know from personal experience that for anything to develop, personally or professionally it is important for a person to be out there, sincere and have it in their hearts to contribute to the development of the community. With that posture the energy that returns is wonderful. I believe if you sit on the sidelines you are going to witness the spacecraft take off and not be on it.

In Part 3 I will conclude my response to Patsi’s question with information on a number of experiences in just three weeks of being active on Facebook. Remember this is just one site. You are not going to want to miss this article since what I have to share actually is quite stunning even for me to think about yet alone write.

Don’t miss Part 3 and all the future editions of Steve Reports. Subscribe to my blog (top right hand corner of this page) and the articles are delivered right to your email. How cool is that?

Until then consider this:

“The significant problems that we have cannot be solved at the same level of thinking we were at when we created them. ” Albert Einstein

Steve Pohlit, Business Development Consultant and Coach
http://www.stevereports.com

Part 1: Response To The Blog Squad's Question Is Social Networking A Waste of Time

I enjoy blogs and one of my favorite sites is operated by Denise Wakeman and Patsi Krakoff professionally known as The Blog Squad.

Their latest post addresses the value of social networking sites. If you are not exactly sure what social networking sites are look at Facebook, Twitter, My Space, You Tube for starters. I read that Facebook gets more traffic per month than Google and has an estimated value of $15 billion. Facebook started in 2004 so in less than four years having an estimated value of $15 billion is a great success story.

Valuation is not the important topic today except that it is an indicator of worldwide demographic trends of people connecting with people. If you spend any time at all on Facebook, MySpace or the other popular sites you will quickly understand that people are opening their previously private lives to the world. Of course there are text profiles, website links and more. What is really interesting are the pictures being posted and personal videos. Just yesterday John Reese, a very successful business professional and expert in the field of Internet marketing whose work I value tremendously, published pictures of his home inside and out. John has been very private about his personal life but is now cracking the door open on social networking sites.

Books and courses are being written about the value of social networking sites. However Patsi from The Blog Squad suggests this may all be a waste of time. She writes in part

“Last year at BlogHer Business, we heard about
Twitter. Just for fun, we both set up an account.
But it never caught on, or at least it didn’t for
me. Then I go over to Biz Tips Blog and find out
Denise has been sucked in. Even Leesa Barns of
Podcasting fame is in love with Twitter. Again,
I’m not convinced.

Curmudgeon and introvert, I’m now accepting new
friends into Facebook even though I’m not
convinced yet it will bring big business rewards.

So Denise and I are in two camps on these new
social sites for now: She’s convinced it’s worth
it, I’m still skeptical and am waiting to see how
it all shakes out.”

Patsi raises the question that has been in a lot of people’s mind. Is time on social networks time well spent? My answer is a resounding yes it is time well spent. The reason for my answer is likely to surprise you. In Part 2 of my response, I open the doors as to why social networking is very valuable. If you want this delivered right to your email you will subscribe to my blog

Until then consider this “The significant problems that we have cannot be solved at the same level of thinking we were at when we created them. ” Albert Einstein

Steve Pohlit, Business Development Consultant and Coach
http://www.stevereports.com

Possibly The Most Powerful Question ..Asked by Stephen Pierce and Steve Pohlit Replies

I highly recommend the blog DTalpha.com by Stephen Pierce. Today’s post is the question What Is The Cost. Click Here for the page with this message. It is absolutely outstanding.

The following is part of my reply. Read the entire post at his site

Certainly our most valuable resource on this earth is time. A some point the clock stops for all of us – no exceptions. Your message on the cost of inaction or ignorance is very important. For me the key is to understand what really blocks properly directed action including strengthening the right relationships, implementing the key steps in my business and allocating energy to the best information.

Click Here for the Stephen’s message and my reply plus comments posted by others.

Steve Pohlit, Business Development Consultant and Coach
http://www.stevereports.com

Stop Blaming The Economy..Or Anything Else For That Matter

I was using Comment Kahuna to build some back links recently. One of the most valuable features of this free program is that it surfaces some pretty cool high PR sites. Well one of the top financial market blogs had an article by an educator with all the credentials for teaching at a top B School. The article detailed the statistical difference between profit growth and cash flow growth in 2007. The conclusion was that another indicator was pointing to economic doom and gloom.

My response was that this was a perfect example of information that is likely to be completely accurate and totally useless. This is content designed to fuel negative thinking.

The facts are there are successes all around us and we can find them in any country and any economy. There are also companies in trouble and going out of business in any economy. Personally I have worked with business doing extremely well in a recession and ones on the brink of extinction in a booming economy. What are the key characteristics of success in any economy?

Success companies:

1. Have a very clear definition of their customer base and target market

2. Have clearly established performance goals for the company that are then redefined as goals and action plans for each function within the company.

3. Assign accountability for the action steps required to achieve the goals at the functional level.

4. Measure actual vs. plan on a timetable that makes sense based on what is being monitored. Cash position for example may be monitored daily.

5. Act quickly on variances from positive and negative variances from plan.

That is about it and while there is more detail at http://www.10minutemba.net , these five steps apply to every business and the emphasis is on every.

People fall into two categories. They either manage the business using the above five steps or use excuses like: it is the economy, or the dollar, foreighn competition, I don’t feel like it, I can’t expect them to do their job today; or “we’ll get to it soon” Do you want to find the successful businesses? The next time you meet a person who has makes no excuses, doesn’t complain about external factors and is generally on purpose, ask them what business they are in. I’ll bet it is a very successful one.

Steve Pohlit, Business Development Consultant and Coach

http://www.stevereports.com