Hi Luc
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Originally Posted by Outta Hand
Hello Paul
Yes i understand that MSN/Google and eBay were like this but the marketplace has shifted a fair amount. I agree that the idea is orginal and that it comes with risk... innovative business ideas always face this. You've got to get people using your stuff first... build a dependancy to it... you know? Making it right the first time is something microsoft couldn't do so i wouldn't take your queues from the "impossible dream".
Good idea with the permission marketing... very Seth Godin of you~! You want to watch the leads that you buy as most will be junk. How are you analysing the data from the permission marketing?... this is a business that i am currently involved in so i am just curious.
Great idea about the affiliate program... how much is this costing you to setup? What are you doing to track this data?
How much will you be spending on the initial email "permission" campaign? Good to hear you are using Adwords and Overture... have you thought about services like adbrite? It's more of an ad broker that allows you to buy space or text link ads?
Who are you using to do the Banner Exchange? Are you tracking this data?
How often does you're "accounting person" report to you? What standards do you have in place?
i understand you want to balance the technical persons with other board members that take a functional role... you'd need to outline these roles specifically to get the best talent for the job. You aren't asking too much... you just aren't being specific and detailed and that could hurt you in the long run. If you'd like to correspond off here i am reachable at lucas[at]commercecubes[dot]com
Talk soon Paul
Lucas
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LOL!! You are right about your comment regarding "making it right the first time". But, what we are trying here is to make the system easier to use for the people who visits us and I am afraid, as Daniel said, it gives an outlook of a bit complex one. To make it simpler, we will have to think as the average user, which we are not capable of doing at the moment and hence the Advisory Board.
Regarding the permission marketing, we are going to hire two dedicated staff to do the sending and analysis job. Rather than an automated system creating the marketing email and sending it as bulk, what we are planning is to send one-to-one email for each of these prospects. Hence the replies would also be on a one-to-one basis and hence trackable. The next step will be an automated version, where in the staff would be adding the positive prospects to a database, and the system would be sending the detailed pre-formated email to them consisting of all the details.
We have developed the affliate program from scratch customized to cater to most of our needs. Analysis of the data is automated and payout will be manual.
We feel that AdBrite wouldn't be right for us in the initial stage because the prospective responses that could be generated from it wouldnt be good enough for the investment. This is a general feeling of most of the guys in the team.
The Banner Exchange we are going to use will be based on EBannerX who are offering 3:2 hit ratio (
www.e-bannerx.com). They give a powerful control panel to track this data.
We are planning to create a 500 USD Google campaign as well as a 750 USD Yahoo campaign as the first phase. Based on the initial response we will think about how we will be continuing with them.
Yes. The Accounting Person will be directly reporting to the entire team on a daily basis. He will be using QuickBooks Pro 2005 to record the day to day accounts and generate reports.
The Roles of this Functional Person:
1. Have a detailed run of the entire system as a basic user (Like Black Box Testing)
2. Instruct the technical team as what you feel wrong about it
3. Suggest what to do to improve the site in terms of user friendliness
I hope my answers are clear enough.
Best Regards
Paul