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Online Business

Part 2: Designing Virtual Classes Your Students Will Rave About!

Continued from Part 1

Adding Structure, Accountability and Community to Your Self-Paced Classes

In Part 1 of this series, I offered various ideas for designing your live classes to offer maximum value to your students. Beyond just learning the concepts, students have a much better chance of actually applying your wisdom in their business. If you provide these three important elements in your classes:

  • a schedule to do the learning (structure);
  • a modest work assignment each week, and a place to post completed assignments (accountability);
  • and a rich network of fellow students to share with and learn from (community).

Applying these elements in self-paced classes (i.e., written, audio and video content available to the student on their own schedule) is quite different, and perhaps more challenging, than in a live, scheduled environment. A further challenge is that often, you’ve designed these courses to be hands-off for you – truly passive. On the other hand, your self-paced classes could be a funnel to more intensive, live classes or coaching/consulting – in which case a dose of you, live, could be the tipping point.

He.re are some suggestions you can incorporate into your own course design; most can be automated, although they may require some intervention or assistance from your VA.

Structure

Live classes come with their own built-in structure, in the for.m of a fixed schedule. However, the student purchasing a learn-at-your-own-pace course has to make a real effort to schedule time to read, listen to the audio, or review the video — and resist the temptation to do something else instead. As the course designer, how can you build in structure for your customers/students?

  • Release the content on a schedule; i.e., don’t give it all to them at once. This is the concept behind an ecourse – delivering a little bit at a time.
  • Send scheduled follow-up emails. In the introduction to the course, you can suggest a schedule (one chapter a week?), then follow up once a week with a tidbit about that chapter – a case study showing actual results, a teaser, etc. I’ve seen this done by one of the big internet marketers – I signed up, and once a week I got a nudge email, something like “Have you checked out this technique in chapter 14; it could triple your sales!”
  • Help them commit to a schedule. At purchase, ask them to commit to a time/day each week to cover the content of the course. Then, send them an email with an attached Outlook recurring appointment with that schedule! They open the attachment and save it to their calendar, and viola, it’s scheduled for them.

All of these techniques can be easily automated with an autoresponder! Remember to customize the messages to make them more personal. And be prepared to respond if they reply –  or have your VA ready to handle this responsibility.

Accountability

Getting folks to read/listen/view/study the material is one thing; getting them to apply it in their business is quite another. Some of the techniques mentioned for live classes will work he.re too:

  • Ask them to sign a statement of intent to do the homework (this can be an automated part of the purchase checkout process, for instance).
  • Follow up with encouraging messages via autoresponder.
  • Offer something extra for a limited time after their purchase: a fre.e review of their homework; fre.e laser coaching to help them overcome a roadblock or problem; a regular live call where they can ask ques.tions.
  • Provide an incentive. Encourage the student to complete the course by asking them to send you their completed worksheet(s) and offering a fre.e report, audio, or even a rebate or coupon. Tie this in with structure by giving them deadlines for sections of the work. Again, your VA can handle fulfillment of these incentives.

Community

Providing peer support can be much more challenging when there are no live classes where folks meet each other, but with the proper encouragement from you, I believe it can be done!

  • Set up a bulletin board (or listserve) for all purchasers. You’ll need to be more active, especially at the beginning, to encourage folks to join and share with strangers. Autoresponders might help; but they may not be enough. This is one area where you might need to be involved directly in answering questions and providing feedback, although as your board/list “ages”, peer leaders may emerge naturally (you may even want to approach a few of them to provide continuous, paid support instead of doing it yourself.)
  • Offer a free/trial membership in your existing community. This adds value to the course; you are already interacting with your community so it’s not extra work. If this is a limited time offer, you can even upsell to your monthly community at the end of the trial.
  • Mastermind calls. Again, this requires your time- unless you can hire it out. Either way it can be very effective.

Summary

All of these techniques still require commitment on the part of the student – you can’t force students to do the work, and you also shouldn’t take it personally if a significant number of your purchasers never follow through. But you can make it easier, and going that extra mile will set you apart as a supportive, caring individual that they might want to buy from again.

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Online Business

Part 1: Designing Virtual Classes Your Students Will Rave About!

Technology gives us all kinds of wonderful tools to enhance virtual classes for solo entrepreneurs. Teleconferences, audio and video recordings, both streaming and downloadable, interactive multimedia, online learning environments, automated learning tools – all great options. But while the bells and whistles might abound, what is it that REALLY makes for a great virtual learning experience?

Last January, I was having lunch with my friend/advisor Sherry Essig. We were talking about a virtual course I was taking at the time that I was really enjoying. The subject matter of that course (marketing) was one I was pretty familiar with as an MBA student, in consulting with clients, and even co-writing an e-book on the subject. So why the heck did I pay several hundred dollars to take a class on a subject I already knew a lot about? And why, when I was finished, did I feel more capable of using that knowledge to improve my business than I might have after reading another book?

As we talked, Sherry started noticing the elements I was raving about: structure, accountability, and community. What I was really paying for wasn’t the knowledge (although I definitely learned). I was paying for:

  • a schedule to do the learning ( structure);
  • a modest work assignment each week, and a place to post my completed assignments ( accountability);
  • and a rich network of fellow students to share with and learn from ( community).

Here is a look at these three elements – and how you can apply them to your own course design.

Structure

I think of structure as the element that gets me to sit down and “do the learning”; usually, in the form of a scheduled appointment, with myself or someone else. For a live class, this is a no-brainer. The scheduled classes provide the structure.

However, the trend toward offering recordings shortly after the live class can undermine the urgency of being on the call live. Recordings are invaluable when there is truly a conflict for the student (and can add value to the course overall) -but it also makes it easy for students to rationalize when they get busy (and when are solo entrepreneurs not busy?) and skip the class, knowing the recording is there whenever they get around to listening. (I’m guilty of this!) And then suddenly there is no structure, no timetable to listen to the recording. (Sometimes this means I never do get around to listening to the class.)

How do you solve this dilemma and provide the structure your students really want? I haven’t seen anyone with a good solution to this yet, but here are some ideas to experiment with:

  • Make the recordings available “on-request”. Each week anyone who needs the recording has to contact you. Most students will, I think, shame themselves into not missing more than a couple, just to avoid having to ask each week! If not, you can perhaps challenge them after the second or third request (a great coaching moment!) If the recordings are a valuable part of your offering, upload them to be available to all a week after each class, or at the end of the course.
  • Give some incentive for being on the calls live. Something above and beyond what they are paying for (i.e., you can’t penalize them for not showing up!) Free ebooks, audios, CD, etc.
  • Give an incentive for attending all the calls – sort of a perfect attendance bonus. Maybe even a modest rebate on the cost of the course!

Accountability

AKA homework. Learning and retention is enhanced when the student does something to practice what they’ve just learned; even better, if they can implement it in their business right away. So how can you encourage students to complete the homework?

  • Have students email their homework to you. You could even provide an incentive by offering valuable feedback to your students.
  • Provide a space online to post homework. Nothing like peer pressure to get some people moving! This also offers a rich opportunity for the student to ask for help; feedback, etc. (see Community, below). You can implement this with something like Moodle, a bulletin board, etc.
  • Ask students to “sign” a statement of intent to do the homework. This can help them make a promise to themselves to work hard to keep up.
  • Assign buddies to trade homework. For some, knowing that someone else is waiting can be motivating. This can also backfire if neither student complies – letting them both rationalize away the work. A threesome might work better.
  • Check in with students. Send an email and ask them how the homework is going. Sometimes they are just stuck and a few words of wisdom from you could quickly get them back on track.

Community

Just as it’s easier to stick with an exercise program with a buddy or a regular workout group, interacting with fellow students can provide the “I’m not in this alone” feeling that they sometimes need. Community can also be an excellent side benefit of taking the class; it can provide a richer learning experience as additional wisdom is shared, and students may even make connections that last long after the final class. You can create community environments for your students:

  • Create a bulletin board. Students can post homework, ask for feedback, ask questions, and share their own knowledge. Password protection is recommended, to provide a “safe” environment without fear of a silly question getting aired via search engine later.
  • Set up mastermind calls. These are calls, facilitated by you (or your teaching assistant), that are open to whatever the student(s) need to talk about, ask questions, etc. Depending on class size, you might need to break students into groups, each with their own call time, to ensure everyone gets the air time they need.
  • Set up mastermind groups. These can be very effective especially in long-running programs. You create the groups, or let students form their own. They will probably need either live help or some instructions on how to set up a powerful mastermind group.
  • Establish buddy pairs or triplets. Trading homework, weekly check-ins, giving feedback, are all possibilities to explore. For a long program, mixing up the groups midway can liven things up and give a second chance to students who just didn’t mesh with their first buddy.

Summary

We can’t make our students learn and use what we teach them. But we can provide a supportive learning environment with the structure, accountability and community elements that make true learning more likely.

Categories
Online Business

Top Five Aspects For E-commerce

ecommerce.jpg
RajeshShakya: E-commerce web site design is nothing different than a traditional web design, but requires a few more extra functionalities and components to handle financial transactions. For those additional services, you will have to rely on third parties. Many startups are intimidated by the process and they do not build web sites that are capable of e-commerce transactions. I am trying to give you just a brief idea of what it takes to design e-commerce sites. I will write different aspects of online business in my future posts. Suggest you to study some of the these aspects of e-commerce site development before you start.
Transaction Security
One of the most important aspects of e-commerce web site design is security that creates confidence in consumers doing online transactions. You need to make sure that your visitors can safely and securely input their personal details, credit card information and shipping information into your online payment system.
Payment Gateway
To build web sites that accept online payments, you will need to incorporate payment gateway services for processing credit/debit cards into your ecommerce web site design. Payment Gateways are connected with your bank through your merchant accounts in those banks.
Look and feel
Aesthetics is another important aspect of e-commerce web site success. It helps to make your visitors spend their time in your site. Competition is so fierce on the Internet.
Software and Applications
There are many different software products and e-commerce applications that can be purchased and even available in the for of free and open source software to help you with your e-commerce web site design and run your online business.
Hire the professionals
If you want to build websites that are e-commerce ready, but don’t have the e-commerce web site design experience needed to accomplish the task, you can hire an e-commerce web site design professional to help you with the trickier portions of site development.
Five Important Aspects of Online Business [RajeshShakya]

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Online Business

From Browse To Buy

browse-to-buy.jpgInc.com: Anyone who does business online worries about how to boost Web traffic. But traffic is only part of the story. Equally important is the conversion rate – the percentage of customers who actually buy something. On average, companies report that only 3 percent of Web surfers actually buy, according to a survey by Shop.org, a division of the National Retail Federation.
Fortunately, there are new tools that can help companies convert browsers into buyers. A company can design several versions of its website and use one of many new software packages to track how each design affects the conversion rate. It’s called multivariate testing, and many consulting firms specialize in it. But free tools also are available, including Google’s Website Optimizer.
Below, we look at how two companies boosted conversion rates. Stamps.com, which allows users to print postage and shipping labels from any computer, redesigned its website after testing 12 versions of its site with consultancy OTTO Digital. The company’s conversion rate rose by 20 percent. Vitamin maker Jigsaw Health tested 10 different designs, with help from consulting firm Future Now. The result: The conversion rate rose from 10.3 percent to 19.6 percent. Take a look at the lessons both companies learned from the process. The changes on display may seem small and subtle, but the effect on conversion rates has been anything but.
Turning Browsers Into Buyers [Inc.com]

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Online Business

Domain Name Factor

domainname.jpg
BusinessWeek: Startups scrambling for domain names—the shorter and catchier, the better—find themselves in negotiations with owners of desirable Web addresses. Andrew Frame had several criteria for the name of his VoIP (Voice over Internet Protocol) startup. It had to be universally pronounceable, memorable, and short—ideally, no more than four letters and two syllables. Of course, the dot-com domain name also had to be available.
Some of these quirkily named young startups—Bebo, the social-networking site, and Etsy, the online crafts marketplace, for example—have caught on. Yet the naming trend has also drawn considerable eye-rolling among Web denizens, inspiring tongue-in-cheek pages like Web 2.0 Name Generator and the quiz “Web 2.0 or Star Wars Character?”
Among these domain-name buyers is Steve Luo, a hardware engineer from California. Luo started buying up four-letter domains early last year after he noticed that the relative scarcity of four-letter domains meant that even random combinations like rmnd.com were selling for many times the $9 or so they cost to register. Luo now owns several thousand four-letter domains, which as of recently included peeb.com ($4,000), qurr.com ($400), and wwuw.com ($900).
The idea that shorter domain names are more memorable, more “brandable,” and therefore more valuable has become so widely accepted that many entrepreneurs take it for granted. Domain-name reseller Sedo advises buyers that “a shorter domain means reduced risk of typo errors, easier memorability, faster type-ins, and more flexibility in promoting the domain. For these reasons, most businesses who can afford it buy a domain of five characters or less.” But are those businesses really getting what they pay for?
Does Success Hinge on a Domain Name? [BusinessWeek]