Bryan Ellis on Virtual Real Estate Investing

December 27th, 2008, 2:23 am

A newcomer to the world of investments in the notion of “Virtual Real Estate Investing“. What is meant by “Virtual Real Estate Investing” ranges from online games like SecondLife (where real profit can be made) to the use of internet technologies to make normal real estate investors more profitable.

To get the facts, I sought out the man generally considered to be the father of virtual real estate investing: Bryan Ellis.

Ellis says he adopted the term “virtual real estate investing” sometime before Y2K after he realized that making money online is conceptually very similar to making money with physical real estate.

One example of the parallels between virtual and physical real estate Bryan Ellis cites is the similarity between the monetization of domain names versus physical property. “These types of assets – websites and physical real estate – can be monetized in very similar ways like buy lo/sell high, leasing/rental and advertising opportunities” he says.

The parallels really are obvious. For example, if you’re the owner of a desirable property, its desirability is (in a business context) largely due to its being in a location that is of interest to others. Likewise, if you own a desirable domain name, others will find value in it because it serves their purposes. So it doesn’t matter if you own physical real estate or virtual real estate – you’ll likely use similar strategies to turn them into money in your pocket.

In our next installment of this series on virtual real estate investing, Bryan Ellis will share the internet analogies to the physical concept of real estate development.

Building Credibility for Your Business

June 16th, 2008, 2:03 am

Small companies that rely on business-to-business sales often find it difficult to be seen as credible in the eyes of larger companies. If this is true for you, then this assessment might help you determine where you need to focus your attention in order to build your credibility.
Rate each item from 1 to 5. 1 = low/bad. 3 = not good, not bad, just OK. 5 = high/great.

1. Your History. What’s the word on the street about your company? Do you have a reputation of doing good work or one of shoddy quality and service? Are there any scandals that might affect the word on the street? ____

2. The Reputation Of Your Type Of Business. If you work in accounting, your reputation may be tainted by recent scandals even though your own work may meet the highest ethical standards. What’s the word on the street about your industry? ____

3. Knowledge Of Your Type Of Product Or Service. Do your potential customers understand why your product or service is critically important to their business? ____

4. Your Relationship With Existing Customers. Do you have a solid working relationship with your customers? Do they trust you? Do they believe that you have their best interests at heart? ____

5. Your Relationship With Potential Customers. Do they know and trust you? ____

6. The World Through Their Eyes. Put yourself in the shoes of an ideal potential customer. What would be the concerns about doing business with you? List everything you can think of.

Scoring: A score of 1 or 2 on any item could point to a significant reason why it may be difficult to get sales. A score of 3 is simply mediocre, but at least you aren’t trying to dig yourself out of a hole. Your target should be 4 or 5 on all questions.

You’ll note that only two of the questions (1,3) focus on your product or service. That’s important. Many businesses put all their effort in trying to sell their product or service. They create elaborate gee-whiz presentations but often fail to make the sale.

Your relationship with your customer and potential customer (2,4,5) is as important – if not more important – than the idea you are promoting. For example, if the reputation of your industry is questionable, then you need to be in front of people so that they can see that you are different. And this probably will not occur during a sales presentation. It will only occur by finding opportunities to prove you are worthy of their trust.

Question 6 may be difficult to answer, but those responses tell you the reasons why they don’t buy from you. Once again, building a relationship is essential. They’ve got to get to know you. You’ve got to get to know them – their hopes and fears and pressing challenges. Without this information you are left with just the bells and whistles of what you sell,and that won’t be enough to make sales consistently.

Rick is an advisor to organizations on ways to lead Change without Migraines. He is author of many books on change including Why Don’t You Want What I Want? and Beyond the Wall of Resistance. You can access free articles and tools at http://www.beyondresistance.com.

From Playing Card to Business Card

June 12th, 2008, 2:23 am

Without the development of the printing press in 1445 the Renaissance may never have happened, and Johann Gutenberg the inventor certainly did not know he was sowing the seeds of the business card entrepreneur’s bonanza we have today. What civilisation gained from Gutenberg’s invention is incalculable.

Visting Cards

Visiting cards (also known as calling cards) first appeared in China in the 15th century, and the earliest European form of visiting cards appeared in France in the 17th century during the reign of Louis XIV – “Le Roi Soleil”. They were normal playing cards on which visitors wrote their signatures, promissory notes and other messages. The cards were just a little smaller than the size of a man’s hand. As time went by, these visiting cards further developed into greeting and other cards.

The business card evolved from the Visiting card over time, but through it’s evolution it’s purpose remains the same.

Trade Cards

Trade cards, another early form of the Business card, existed in England around the same time. Trade cards were used as a form of advertising and sometimes contained a map directing potential customers to merchant stores, as there was no form of street numbering system at the time.

Other printing materials, such as newspapers, has not yet caught on as a vehicle for business marketing, so the earliest Trade cards were printed and issued using a letterpress method. However, copperplate engraving became the most popular method of producing the cards by the 18th century, and up to the 19th century, Trade cards were printed using a single colour (monotone). But as businesses thrived throughout the Industrial Revolution, so did the production and distribution of Trade cards.

Lithography

Around 1830, lithography using several colours became an established method in Europe and was the primary method for printing cards. As printing techniques became increasingly advanced, Trade cards became more elaborate, with pictures and full colour designs. Since colour images were not widely available, these cards became collector’s items, and as the hobby elevated, many tobacco companies put the sporting celebrities on one side and photos with text about their products on the reverse. This was the start of the modern day trading cards. Meanwhile, Visiting Cards arrived in Europe around the middle of the 1800’s.

Calling Cards arrived

Visiting Cards, or “Calling Cards” as they became known, were essential to the 19th century middle classes.
The initial letters on personal Visiting “Calling Cards” denote French words:

p. f. – congratulations (pour feliciter)
p. r. – expressing one’s thanks (pour remercier) – even if one is presented with flowers

p. c. – mourning expression (pour condolence)
p. f. N. A – Happy New Year (pour feliciter Nouvel An)
p. p. c. – meaning to take leave (pour prendre conge)
p. p. – if you want to be introduced to anybody, send your visiting card (pour presenter)

Soon, the Business card evolved from a fusion of traditional trade cards and visiting cards. A distinction between “business” and “visiting” cards quickly developed with the ornate Visiting card serving social obligations only, whilst Business cards on the other hand, were used solely for promoting business. It was considered to be in very poor taste to use a Business card when making a social call.

These days, the modern business card is used primarily for the purpose of promoting a business, but it also serves as a calling card.

First Salesman’s Business card

Whilst Visiting Cards were at first the domain of the upper classes, and trade cards were made to advertise and promote particular firms, the salesman who did the footwork calling on prospective clients needed a means to exchange information in a simple, concise manner. To fill this void the Business card was introduced with address or telephone contact information in fancy printing and graphics.

Today, the salesman’s Business card takes on many forms, including custom die cut shapes and sizes, with glossy coatings and top quality photo graphics.

Business Card Printers Turn to Plastic

Known for their durability, plastic business cards were manufactured using a variety of plastic substrates, including but not limited to: Polystyrene, Polyvinyl chloride (PVC), Polyethylene, Polypropylene, Polycarbonate, Polyester and synthetic Papers.

20th century advances in printing technologies and synthetic materials made it possible to print liquid inks onto plastics. In addition to the wide range of commercial applications of this technology.

Today in the 21st century the more adventurous entrepreneur Business card printer has developed an array of sophisticated products. These include Silk art board, single and double sided Business cards, quality labels, complimentary slips, letterheads for all industries in superior quality papers, and laminated single and double sided Postcards for all occasions. All of which can be designed on line and uploaded to your personal computer. A boon to the busy firm requiring special needs.

For the rest of the world, the exchange of business cards has become common even for social introductions. Even today, some people still carry “personal” Business cards which contain only personal contact information and have no relation to their employer or business.

Written for Goodprint Ltd, providors of instant online business cards and matching stationery via their website http://www.goodprint.co.uk.