Categories
How-To Guides

How To Buy Text Link Ads

textlinkads.gifBlogtrepreneur: So, how do you go about choosing and investing wisely in Text Link Ads? Here are a few guidelines:
1) Checkout the “New Text Link Ads” page over at the TLA site. This is a list of all the recently added sites to the main database. Often these sites will be new blogs which have recently passed the PR4 expectations limit that the company set on new publishers.
2) Hover your mouse over the “Reveal” text to read up more about the specific blog. URL’s aren’t given, as otherwise advertisers could jump the middle man (aka. TextLinkAds the company). Check on the Alexa Rank, Number of pages, Link Popularity and Number of Links Sold. The main idea is to find a new site with a low Alexa Rank (if possible under 100,000), a high number of pages, a high link popularity (as this will give your link more weight in Search Engines), and a low Number of Links Sold in order to make your link stand out at the top of the list.
3) Using the Title and Description given on the page, open up Google and search for the Title and/or keywords mentioned. You should be able to find the site easily unless the description is vague and open-ended. By taking a look at the site itself, you can see where your link will be placed. You can also get a feel for the author (if it’s a blog), and to judge potential.
4) Then finally, purchase your link for as long as you want to risk. The longer you can afford to do so, the better. But another vital thing here is to keep reviewing the blog that your advert is on. If you can see things starting to go dry, then stop and move on. It’s better to cut your losses rather than to keep on throwing money at a dead cause.
How To Invest In Text Link Ads [Blogtrepreneur]

Categories
Entrepreneurship

Lessons for Entrepreneurs

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YoungEntrepreneur: How is that for a title to get your attention? CNNMoney recently put out a series of 8 profiles that look at successful entrepreneurs who have built up their companies despite not having access to major financial backing.
It goes to show you that you do not need a lot of money to get started – you just need to invest the capital you do have and your energy in the right places.
The profiles are a quick read and also include 8 lessons for success including:
Lesson: If you must borrow from your friends and family, keep it formal
Lesson: Prep as much as you can while you’re on someone else’s payroll
Lesson: Do what makes you happy – because at first, happiness is likely to be your main reward
Lesson: It’s not who you know – it’s how well you keep in touch with them
Lesson: You’ll amaze yourself at how cheaply you can run a business when it’s yours
Lesson: That great idea you had for your boss? Maybe it’s the business you’re looking for.
Lesson: Help investors see that taking a chance on you is not that big a risk after all
Lesson: Picking the right partner can be as important as picking a product
How To Get Rich [YoungEntrepreneur]

Categories
Entrepreneurs

Top European Young Entrepreneurs 2007

intro.jpgYoungentrepreneur: BusinessWeek put out a list this week of their top European Young Entrepreneurs for 2007. They looked at business owners who were under 25 years old, were making an impact, and were inspiring others to do so as well. Most of the featured entrepreneurs are in technology related businesses and are breaking from the traditional past of their deeply routed cultures.
Some of the winners are:
Russia: Artemi Krymski, 23 – building the best real estate directory for buyers looking to purchase properties
Sweden: Jonas Hombert, 20 – selling easy to use video-editing software taking advantage of the YouTube craze
Ireland: Aodhan Cullen, 25 – founder of popular web analytics software provider StatCounter (I use it for my website and am a big fan)
Estonia: Karoli Hindriks, 23 – runs MTV Estonia and sells knitted hats and gloves made from reflective material
Top European Young Entrepreneurs of 2007 [Youngentrepreneur]

Categories
Operations

Earn Dollars, Live On Pesos

4-hour-workweek-87.jpgReveries: Timothy Ferris used to work 14-hour days and make $40,000. Today, at 29, he says he works four hours a week and makes $40,000 a month, reports Michelle Archer in USA Today (6/11/07).
Timothy says he has put his “cash flow on automatic pilot… by outsourcing to an extreme degree,” including “using virtual personal assistants from India and elsewhere to handle almost everything… for $4 to $15 per hour.” He writes: “Fun things happen when you earn dollars, live on pesos and pay in rupees.” Timothy advises liberating yourself “from a single location and enabling employees to escape the clutches of their bosses by proving their performance is more important than their presence”.
4-Hour Workweek [Reveries]

Categories
Finance & Capital

Due Diligence Myth

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About.com: When getting funded, the due diligence process can be excruciating for the business. But if you know what to expect, it will be far less painful. Venture capitalist Ziad Abdelnour of Blackhawk Partners recently sent the following letter out to his list explaining their due diligence process in more detail. While each investment group may have its own variations, this offers tremendous insight from an investor’s perspective.
If you ask ten funded entrepreneurs what happened during the VC/private equity due diligence process, you will get ten different answers. Some will say they lost valuable months answering endless questions for groups that never produced a term sheet. Others may admit they gained valuable insights to their business.
I am uncertain when the due diligence process gathered so much mystique, but among entrepreneurs, there is still an urban “myth status” about what happens behind close doors.
We believe it shouldn’t be a mystery.
Due Diligence Is No Mystery [About.com]