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Posts Categorized / Business

  • Oct 31 / 2006
  • 0
Business

Building a large online retail business

Today I saw a job posting from “Abe Books”:http://www.abebooks.com, a Victoria, BC, Canada based company that is the world’s largest online book marketplace with more than 80,000,000 new,used,rare,out of print books from more than 13,500 independent booksellers in 53 countries. This sparked an insight for me. If I want to build a large marketplace for a specific niche, they way to do that would be to build an instore pos/management application for that niche and tie that instore system into an online e-commerce site for that specific store, as well as a centralized marketplace that would allow consumers access to all the retailers in that niche. Obviously, details matter. One such detail is which niche to pick. Abe Books has chosen books (though I don’t know how they did/do it so far). Thinking about what value to provide the consumer and the retailer are both critical pieces.
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  • Oct 31 / 2006
  • 0
Business

Marketing What I Know!

Today, reading an advert by Janet Swirtzer for her “How Experts Build Empires” series of programs for info-marketers, a number of things she had to say struck me as insightful.

First, everyone knows and has done something that someone else would like to know and be able to do. Many of those things people will pay money for. So, I can build a product and business around that thing if I can find those people and give them the value they want. She also notes that the market niche can be small if the interest and value is high. One anecdote was about a 8,000 person niche that generated over a million dollars in 46 weeks.

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  • Oct 29 / 2006
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Business

What I know – Payment Systems

Well, lately I’ve been thinking about what I know best and realized that I’ve been working with payment systems (credit cards and prepaid cards) for more than 17 years now. So, I’ll be blogging on a variety of topics in this area.

Everyone is familiar with Starbucks and their gift card (powered by ValueLink of First Data). It’s been an amazing success. In 2002, 7% of purchases were made with their prepaid card and more than 16 million prepaid cards have been activated. Of course, the Starbucks card is only useful at Starbucks.

There is a new style prepaid card coming on the market now. It’s found at www.ugcard.com. This new take on an old theme, emphasizes marketing and building sales in your business. Continue Reading

  • Apr 10 / 2006
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Business

Refining Company Direction

It’s interesting how ideas converge and details clarify themselves. Things are coming together now on my strategy to build an addon infrastructure to facilitate extending the Squirrel POS System and then reselling those new application extensions. Talking to some resellers to get their feedback is still a task to do. Continue Reading

  • Jan 25 / 2006
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Business

A new viral monetization strategy

The core idea is to have people put links to things on their websites, using my affiliate number so I can paid when people click and buy. Here’s the concept:

Create nice little packages (various visual sizes) of a link that people could put on their web site. One of things the link can do is purchase something on another website using my affiliate id. Here’s an example: Continue Reading

  • Jan 25 / 2006
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Business, Squirrel

Squirrel Interface Automatic Compile/Update

What I want to do to make an automatic process to retrieve driver kits from the Squirrel FTP site (if they are available. If not they should be), install them in a build environment, and automatically compile and update the drivers.

Extend this to be a service to offer to other vendors that have interface drivers used in the squirrel system. They could submit source code (versioned as well), and use the automatic build process.
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  • Jan 21 / 2006
  • 0
Business, Squirrel

Gift Card Musings

Okay, well there are lot’s of things on the horizon. This Tuesday I’m going to be speaking at the Gift Card Association at Steamworks. Cool Balance is building the Gift Card Association website. I’m building a lens at www.squidoo.com/restaurant-software to see how well that system works. Content is almost non-existent so far.

I’m needing to learn about writing contracts to manage the relationship between Cool Balance and Squirrel Systems, Cool Balance and Second Stream, and Cool Balance and Money Bar.

Finally, there is the online Squirrel Reseller and provider business I’m launching, possibly with Todd Maleschok

  • Jan 16 / 2006
  • 0
Business

Regrouping to Small Projects

Today it was time to catch up on invoice history in Quicken, generate a new invoice for the last two week. Another hallmark section (after grocery shopping and driving a guest around Vancouver) was to finish transcribing ideas from my paper notebook to my wiki. Lot’s of possible project ideas, from small to large. Lot’s built around the Squirrel POS System. Both ideas I had forgotten, and new ideas generated from old ones. Continue Reading

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