Market Research For Small businessIn this episode of the Startup Daddy Podcast, I talk about how to conduct initial market research to determine of there is a market or potential market for a particular product or service.  I also talk about some ways to evaluate an opportunity and some tools I use for market research.

Today’s feature segment is about research.  Specifically market research.  You have an idea, and you need to determine if it will make you money. The first thing you need to do is determine of there is a market for your idea. In other words, PROSPECTS.

I discuss ways to use Google Search, website keyword tools, Twitter, and others,  to determine if there are people looking for what you want to sell.

The websites I talk about in this episode are:

The Google Adwords Keyword Tool

http://search.twitter.com/

Scribd.com

Let me know what you think.  What are some tools you find useful to get a lay of the land for your market?

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SD 08b | Online Bookkeeping and Invoicing

by Ian Gordon on May 8, 2009

There was a weird problem with iTunes where many of you downloaded a file that was silent.  I thought the best thing to do, was to repost the file and give it a whole new record, so iTunes would look at it as a whole new podcast.  This way, if you are subscribed, you will get it as a new episode.  Upside is the people with a bad file get one that works.  Downside is that the people who did not have a problem, will be getting a duplicate.  To those people I sincerely appologize.

InvoiceIn this episode of the StartupDaddy podcast I talk with Sunir Shah, the Chief Handshaker at FreshBooks.com. Freshbooks is an online invoicing tool that allows you to track your time, and send and manage invoices online.

After a long pause between podcast episodes, I am back with this conversation with Sunir.  I do not have any relationship with Freshbooks, I just think they have a great product that I wanted to share with you.  Their service allows you to create professional looking invoices that you can send on or offline, to your clients.

Your clients can pay you by credit card or paypal, and have an interface that allows them to log in and check their balance with you at any time.  It is a big time saver, and they use a pricing model that scales as you grow your business.

Go to the FreshBooks website for more information, to take a product tour or sign up for the service.

I also talk about a project of mine, RecallNewsletter,com

RecallNewsletter.com  is a site I developed that helps you keep up with recall news and alerts, from all of the different government agencies that issue recalls.

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I’m Now A Dad-O-Matic Contributor

by Ian Gordon on March 26, 2009

Yesterday, I wrote my first post for Dad-O-Matic.  Dad-O-Matic shares opinions, reviews, advice and news for dads.  It is a great site and place for me to write about the overall dad stuff that is not related to my business.

I plan to write a few posts a month, and the first one is The Place “Where Dreams Come True” It is about my two days at Disney World with my Family.  I hope you find it entertaining.

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Shakespeare wrote that a rose by any other name would surely smell as sweet.  Is the same thing true of domain names?  What I share with you and teach here, is what I know and what I do.  I have recently had a shift in my thinking that will impact my process, and I want to share it with you.

I came to this whole world of blogging and social media, from an internet marketing point of view.  When I sold my business a few years ago, I started researching internet marketing.  I suspect many of you have done, or are doing the same right now.  I read blogs, listen to podcasts, read books and e-books, and take courses.

One of things I was taught, and I did, was to use a keyword-rich domain name (URL) for your website’s address. Since I did this myself, I advised others to do it.   Another thing I was taught was to use social media to drive traffic to my website.  Blogs, podcasts and sites like Facebook and Twitter, have made a lot of people rich because they have found ways to leverage them into generating leads for their businesses.  I started to explore social media.

A funny thing happened to me when I started using these sites though.  I started following and learning from some of the rock stars of social media, like Chris Brogan, Seth Godin, and Gary Vaynerchuk.  They are all very interesting people and great writers.  They have HUGE followings and very successful websites.  They all just use their names as their URL.

I started to take notice of the domain names of some of the other blogs I read; Duct Tape Marketing, Escape Fom Cubicle Nation, Zen Habits, Mashable.  Not a keyword-rich URL in the bunch.  Just really great content that I and many other people are drawn to.  The more I reflected on this, the more I realized that I had it wrong.  I was taking all of this internet marketing knowledge I had, and plugging in business ideas to utilize it.  While this works, it goes against my core business values, my definite major purpose.  This site, StartupDaddy.com, was redirected to home-based-business-startups.com.  This started to eat at me for some reason.  It started to feel disingenuous somehow.

What I really want to do, and now advise and do myself, is to start from the really great business idea, and use the social media and internet marketing strategies to market your great ideas, your interesting content.  Yes, you need to employ good SEO techniques on your website.  You need good keywords in your title, your description, your content.  But get creative with the domain name.  Make it something people want to remember, something that says something about you.  Maybe your own name.

If you notice now, when you look at your browser bar this site says it’s name- StarupDaddy.com, not the keyword-rich domain name.  Because of some very technical things (like losing every listener I have), it took some doing to fix it, but I feel better about it.  It reflects my new focus on just doing what I do, and not worrying so much about Google, or page rank, or SEO.  Again, these things are important, and need attention, but they are not the most important.

From what I have learned, a keyword rich domain name has little impact on your Google position.  I am sure it is a factor, and helps, but not nearly as much as incoming links from other sites that are linking to you because you offer value.  Spend more time and energy on being interesting.  As Seth Godin would say, be remarkable.

Business is an ever changing environment.  As you learn things you need to be able to accept that you may have been wrong and make a change.  If you acted on my advice to use a keyword-rich domain name, don’t worry.  There is still nothing wrong with it, and it may actually be helping you.  For me though, I felt that when people looked at their web browsers, and they saw home-based-business-startups, it said something to them I did not want to say.  I felt it said I value google rank above my message.  That is why I changed it.  I like the name I chose for this site.  So StartupDaddy.com is now just and only that.  It is not a strategy or revenue stream, it is just me, trying to help dads (and moms too) learn how to start a business while they struggle with the time constraints of starting a family.

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One of my favorite things to watch on TV these days is a show called Pinks.  It is a racing show where teams “race for pinks” which means ownership of the car.  For the uninitiated, here is the description from the Speed Channel:
PINKS: LOSE THE RACE, LOSE YOUR RIDE!
Two hot cars. Two proud owners. And it’s winner takes all in PINKS.  Host Rich Christensen travels the country pitting two contestants against one another in this high stakes drag race. The negotiations are heated. The races are real. Emotions run high. And the loser walks home.

Now it’s not just that I love cars.  I do love cars.  I’ve restored a 1967 AMC Rambler Rebel convertible, and most people have never even heard of the car.  It’s not JUST that I love cars.  I also love business.  I love risk, negotiation and come-backs.  One of the things my wife loves is reality TV, and one of the shows she likes to watch is The Apprentice.  The Apprentice is now celebrities, competing for Donald Trump’s approval.  I have to admit that it can be entertaining sometimes, but it is hardly about business.

Seeing famous people argue about the best way to get their friends to donate money to worthy charities is fun, but you’re not going to learn a lot from it.  Seeing two real people, who have built a race car with their own time and money, compete in real time with that very car on the line, can be very educational.  The people on this show are not professional racers.  They are just people who work on cars, and get together at race tracks to race them.  These cars take a lot of time and a lot of money to build, and having that personal stake in the outcome makes the negotiations fun to watch.

The races take part in heats, and each team get a feel for each other and what each car is capable of, with each heat.  The host mediates negotiations between each race, getting a superior car’s team to concede a car length, for example, on the following race, to keep things competitive.  If you are not into cars, and you are still reading this, thanks for bearing with me.   Now to why this show is so awesome, even if you are not into cars.

If you are a student of human nature, and if you are starting a business you had better be, you will love this show.  You get to see how some people never lose faith in their own team, even when they are down,  only to win it all when the other team makes a mistake.   There are always people who believe enough in their own ability and product, that as long as they still have the ability to compete, they know they are still in the game.

You get to see the different way people react to unexpected adversity and challenges.  How some people get creative and solve problems unconventionally while others just can’t get passed the problem occurring. Sometimes this is rewarded with victory, and sometimes it isn’t.

That is another thing I like.  You can just tell that some of the losers are truly defeated, and others know they just had a bad day, and will be back to race another day.  Which would you be?

If you want to compete for the approval of a large successful company, in the hope that they will reward you with a lucrative contract that will change the lifestyle of you and your family, go for it.  There is certainly nothing wrong with that, and many have done this successfully.  Me?  I’ll be here teaching and learning my craft, taking risks and taking my lumps, deserving every win and taking resposibity for every loss.  I like it that way.

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Postit Man

In this episode of Start A Business With Startup Daddy, I talk about productivity, and two books that have put me on the path to getting more done each day: Getting Things Done, by David Allen and Zen to Done, by Leo Babauta.

In order to accomplish all I have to in a given day, and still get home to spend time with my girls before bedtime, I need a system that allows me to get a hold of how I spend my time.  I got the help I needed to develop a system that works for me, in these two books.

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My 6th Anniversary As A Daddy(preneur)

by Ian Gordon on March 2, 2009

My oldest daughter turned 6 on Friday.  The simple fact that my daughter, my my wife and I have survived for the last six years with our physical and mental well being reasonably intact, is more than an enough reason for a celebration complete with balloons and cake.  However, this day marks another milestone too.  It is the sixth anniversary of my becoming a daddy-preneur.  For last six years I have struggled and rejoiced over the challenges and joys that come with being an entrepreneur and starting a family.  Yes, the challenges have been many and some very large, but I have also experienced more and greater joy than I had previously thought possible.

I thought I was a good negotiator.  I’ve closed huge business deals with nothing short of my financial well-being in the balance, and I’ve bought and sold used cars, and 2 houses.  None of that compares to dealing with a melt-down in the middle of a crowded grocery store, or getting my daughter to eat more broccoli.  Kids don’t need be taught the art of the counter offer, it comes as naturally as breathing.

I thought I’d had some tough encounters with former bosses and important clients.  Then I had the pleasure of talking about money with my wife when neither of us had slept in weeks.  Good times.  I have had some pretty great moments in my life, but when I made my daughter belly laugh for the first time I saw the true definition of joy.

I thought I knew what tired meant.  I don’t need to expand on this.

We are friends with couples that have kids close in age to ours, and some of the other dads have their own businesses too.  There is a bond we share.  We have a mostly unspoken understanding of each other’s sacrifice and it’s payoff.  I see the other daddy-preneurs at the school events during work hours, the birthday parties, at McDonald’s on a Sunday morning.  I’m sure they would all agree how amazing it is that we have created  this for ourselves.

I know there are a lot of mommies out there that do the same thing, and more.  I have nothing but respect for you, because in many ways, you have a more challenging path.  I know this is true of my wife.  But not being a mom, I can’t speak to that.  You could ask my wife, but she’d probably have to get back to you because she is very busy.

I won’t say how lucky we are, because this does not happen by shear luck.  You have to work at it.  When you set out to create a lifestyle that provides enough time to enjoy and participate in your children’s lives and enough income, you are setting a pretty high bar.  So far I have been able to do that, and I do not take any of it for granted.  I appreciate every day I get to have this, because you never know what tomorrow brings.

Parenting is a challenge, at least good parenting is.  Starting and running a business is a challenge.  Doing both at the same time, might be the definition of insanity.  I could not imagine having it any other way.

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I Have It Easy, And So Do You. Stop Complaining.

by Ian Gordon on February 22, 2009

So I am attending Podcamp Toronto this weekend.  It has been great to finally meet some other people who are interested in podcasting and social media, in person.  The learning sessions have been interesting for the most part, but it has been the interaction with other like-minded people, face to face, that I have enjoyed most.  It’s also great to meet some people I chat with on Twitter in person.  That’s not what this is about though.

During Chris Brogan’s presentation (which was hilarious by the way) he mentioned a woman named Glenda Watson Hyatt. Glenda has Cerebral Palsy.  She calls herself the left thumbed blogger, because the only thing she can use to type is her left thumb.  I looked her up and started following her on twitter.  She has over 5700 updates (messages she has sent) which makes her an extremely active twitterer.  So this woman with Cerebral Palsy, that keeps her in a wheel chair, and limits her to typing with her left thumb, which is her chosen way of communicating because her speech is so impaired, can manage to actively message people, write a blog with a page rank of 5 (which is awesome by the way) and a BOOK!  Yes, she wrote a book.  With her left thumb.

Chris held up her book and asked if anyone was inspired by this.  Uh, yeah.  I raised my hand (as did most of the people in the room) and he handed me the book. I opened it, and there on the title page, written in pen, was GWH.  It was signed!  Can you imagine?  She can only type with her left thumb, and she signed the copy Chris had.  How many of these books had she placed her initials on? I imagine, hundreds.  It’s called, I’ll Do It Myself and she sells it at her website.  I’m looking forward to reading it.

How many of us complain about the things in our lives that are hard, or annoying?  I sure do.  My wife and I haven’t had a good, uninterrupted night sleep in a year and a half, so I can be kind of cranky sometimes.  I’m a wimp.  I have it easy.  And so do you.  It’s easy to find excuses NOT to do the things we know we need to do to be successful.  I don’t have the time, I’m not a good writer, I don’t know how to build a website, I hate sales, I’m not a good speaker.  Shut up.

I hope you get some inspiration from Glenda’s story.  There are hundreds or thousands of Glenda’s out there though.  People, that despite some thing that would stop most of us in our tracks, achieve great things.  I’m not saying don’t feel sorry for yourself sometimes.  We’re human.  Of course we’re going to do that.  I’m saying treat that like the indulgence that it is.  A sometimes food. Like ice cream.

We all have a thing or a story.  I am going to try to remember that there is always someone with a bigger thing, a worse story.  I am going to try to feel my pain, my self-pity, then get over it.  I am going to try to stop complaining and do something.  People are drawn to positive do-ers.  I’m going to try harder to be one them.  You?

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How “So What?” Can Help Guarantee Success

by Ian Gordon on February 20, 2009

I was inspired by my Twitter friend Michelle, to think about a question I ask myself that helps me focus and prioritize.  I came to realize that it is the most common question I ask myself: “So what?” Now I don’t mean, “Who Cares?”, I mean WHY would someone care?  Why is that thought, answer, feature, benefit- important? So what? keeps away the BS.  If I think I have a great business idea, I think, “So what?” It helps me focus on who it will help, do they need it, and more importantly, do they want it?

If I am preparing a presentation, I picture a little person on my shoulder that asks, “So what?” after everything I say. This keeps me focused on benefits not features. It helps me remember that you are never selling vacuum cleaners, you are selling a clean house.  It keeps beasts like The Best and The Greatest at bay.

So what? is also a great filter for the data you get bombarded with on a daily basis. If it gets through my So what? filter, it deserves my attention.

So what? can be a big help in prioritizing your projects and tasks.  The biggest So whats are usually your most important projects.  Need help prioritizing tasks?  Ask yourself, “So what if this doesn’t get done?”  The critical things will become clear pretty quick.

Want to reduce your stress?  The next time you are stressing over a detail, or arguing with someone, try So what. WARNING: When arguing, don’t SAY, “So what?”  just think it.

So what can save you a ton of time.  It can improve your presentation skills, your sales, your stress level and most of your life.  If you don’t agree with me, then well, you know …

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In this episode of Start A Business With Startup Daddy I talk about Affilaite Marketing.  It is a type of home based business that offers flexible hours and location, as well as leaving plenty of time in your day to spend with your family or to pursue other interests.

I explain what affiliate marketing is, the different types of affiliate programs, where to find and apply for affiliate programs, and where to go to learn more about it.

Places I mention in this podcast episode:

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