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Small Business Secret #1 – Build Your Business with The End In Mind

Small Business is the toughest industry to break into. If you were a betting man, you would never in a million years want to go into a small business when the odds for success in small business are so bad, that 70% of all small business fail in the first year. Let me be blunt, if you want to succeed in small business, only listen to those people who have built a small business in an industry they no nothing about and succeeded. These are the people who seriously know how to build a small business.I just happen to be one of those people – I am not a business coach – I offer no consulting on small business, just let me share with you my secret to building 4 small businesses from a three thousand dollar credit card.The first secret when building a small business is this, have the end in mind. When I first started in small business, I was like most business people, I was a technician (bit more than that, but this is how the E-myth would describe me) in the IT industry with the belief I could build a better computer training company than those around me. One thing I can tell you about this industry, stay out of it. It is tough and there is no money in it, well that’s not quite true, but there are far easier businesses to make serious money. In fact I married my wife and I decided I wanted to experiment on whether all business was as hard as the training industry or was it just computer training.My wife and I, after much coaxing agreed to setup a car cleaning and detailing business, we new nothing about the business and were simply doing it as an experiment. Two years on, we have a successful thriving business and we are about to Franchise and expand the business to over 10 cities in Australia.The key to building a successful small business is to have the end in mind and to know when you are going to exit the business. Most people when they start a small business simply believe they are going to have a business to make money, come home and do it better than their boss. If you are going to go into business for this reason, quit now, because your life is doomed.There is more to business than simply doing the technical work and this is what most new small business operators do not realize. When you are first thinking about starting a small business, imagine how it will look when you are finished. For example, what image will you have, what logo’s will you have, what marketing material will you be using, where will you be operating from, how many stores will you have, how many people will be working for you, what sort of profit will you be making and more so, how will you know that the business is complete.For example, let us say you wanted to start up a dog washing business. You saw in a market that there was a massive need for dog washing. How are you going to satisfy the market? How are you going to build your business? How are you going to clean the dogs? Are you going to build the business like other? When will you know that the business is finished?These are all the questions you must ask yourself. In fact, if you don’t ask yourself then you will find that your business may grow but without any focus. It will go so far and then become a huge noose around your neck. By knowing what the end will be, you then have a clear goal of what you want to achieve and you can then build the business based on that vision.Let me give you a really good example of this methodology. If you get a chance watch the movie, Concierge with Micheal J Fox. Micheal plays a concierge that has a vision of building a hotel. He first builds a model of the hotel and then sells the idea to a developer. As he says in the movie he knows every aspect of the hotel he has built.You as a small business owner must do exactly the same thing. Before you rush out and start your small business, you must know exactly what you are building know every aspect of it and how to build it. You must know every job, every role, every procedure and how it will work within your business.By creating your business in this way, you will learn very quickly what will work and what will not.Most people who want to start a small business will say that they don’t have enough money. If you have a clearly articulated vision and you can prove that your vision works, then there will always be someone out there prepared to back you. It may take a while to find someone to support you, but there are people out there who will. Just remember it took Walt Disney, 500 plus knock backs for Disneyland before he found that one group of people that would back him.If you truly want your vision to work, then you must be prepared to be relentless in your pursuit of success. Remember the first secret in small business success, is to build and develop your business with the end in mind.

5 Things To Look For In A Car Finance Company

Sometimes choosing a finance company can feel like something of a lottery. You look at all the deals available, choose the one you like the sound of and hope that it is a good deal and that the company offering it are sound.But by applying a few set criteria you can actually shop around and reduce the risk of going with a company that isn’t what you are looking for in a car finance company. But what criteria should you be using?5 Things To Look For in a Car Finance Company

Price. No matter what you read about choosing companies for finance, price has to be an important aspect of your consideration. It is a simple fact of life that no matter how good the approved auto loan offers are, we have a budget that we can’t afford to break. Stick to your budget and you’re avoid problems. So shop around and make sure that you are only dealing with companies that can give you approved car finance deals that are within your budget. Getting a good car is important, and applying for credit may help you get a better car today, instead of saving money gradually. Still you don’t want to break the bank.
Trust? Can you trust the company that are offering you approved car finance? And before you answer yes or no have you looked around and compared the deals? Every company develops a reputation, whether good or bad, so it is important that you find out what that reputation is. Ask people that you know, ask on car forums, Google their name (and remember that all companies get some complaints – and what’s even worse, many companies get fake negative ratings from competitors).
Age. You want to know that a company that is offering you approved car finance is not some shifty company that will end up going bust next month and forcing you to repay all the money you borrowed over night. So make sure that they are a company in it for the long haul… and a good indicator of this is how long they have been around.
People. Can you get in touch with actual people? It’s all well and good being offered a good deal by a company but if you can’t speak to anyone when you have a problem then that can be a huge issue. Make sure that there are REAL people involved in the company. A tell-tale sign is the presence (or a lack) of a phone number on their website.
The Fine Print. It is amazing how few people read the fine print after they sign their documents. They get too excited about the money and the car. But the fine print can be vital to any deal.
Such things as changing interest rates, fines for late payment, what control they have over the deal etc can make a massive difference to what you thought was a basic auto loan offer. So apply your due diligence and check out what they are really offering you by reading the fine print and asking questions.

5 Important Features in an Online ECommerce System

Online eCommerce systems are easily available on the internet for example Prestashop, Magento, osCommerce, Zen Cart and etc. With so many different systems, we really need to know which system to use and which one will matches our types of business best. This article aims to provide you five important features of the eCommerce systems so that you can decide for yourself which system suits your online business best.Catalog ManagementCatalog management is an important aspect of an eCommerce solution. It manages all your products under one roof, ideally it should come with batch import and export functions, and this is an important feature when you have many products to be uploaded onto the website. This feature can help you reduce valuable time by doing a mass upload/download of products onto your server. Imagine how much time can be wasted if you need to upload 3000 products onto your server manually. The catalog should also allow you to manage the prices of your products easily. It should also come with a scheduler to allow you to schedule the prices of your products automatically. When browsing your catalog, the system should also come with a filter and built-in search facility that can help you locate your products easily.Marketing and Promotions ToolsMarketing and promotion is very important for you eCommerce website. A successful eCommerce store needs occasional online promotions and marketing campaigns to keep your visitors coming back and make that important purchase. Make sure your eCommerce system allows you to create and manage discount coupons, create and manage pricing rules for members and non-members. Powerful tools to allow you to upsell and cross sell your products. These tools are essential for your site to retain customers.Shipping and Delivery FeaturesDepending on the type of products you sell on your online store, a well-designed shipping and delivery module is important for your eCommerce site. The delivery/shipping module is the most important feature for the end customers. The system needs to allow your visitors to select the types of delivery options for his/her order, the system also need to auto calculate for the visitor the shipping charges. On top of these, it is also important for you to know what are the international carriers supported and how easy if it for you to integrate the carriers into your system. For example DHL and FedEx provides real-time shipping rates, you need to know how you are able to integrate to them into your eCommerce system.Payment ModulesSimilar to shipping and delivery, the payment module is the one of the most important feature in an eCommerce system. Getting paid is the ultimate aim of most eCommerce site selling products and subscriptions. Your eCommerce system needs to support the major payment gateways and systems available. E.g. PayPal, Worldpay and 2Checkout. Your eCommerce site visitors should also be given the freedom to choose from a list of different payment options as different payment systems are popular in different regions in the internet.Search Engine OptimizationThe last important feature of my list is the Search Engine Optimization (SEO) feature in the eCommerce system. SEO is very important in all eCommerce sites, your products and services need to be crawled and indexed by search engines. Without SEO, nobody can find the products they want on the internet, and your site cannot find her customers. Unless you are able to market your eCommerce site’s products to the world by other means, otherwise no one will be able to find your products. To be search engine optimized, your eCommerce system needs to generate for you search engine friendly (SEF) urls, they should also help you generate sitemaps automatically to allow you to submit your site to the search engines. They should also provide you the feature to input the meta-information of you products easily on the admin panel of the eCommerce system.By knowing your online business well, you should be able to decide for yourself which eCommerce system is best for your business. These important features in the eCommerce system will help you manage and operate your eCommerce site efficiently, without these important features, you can find yourself wasting a lot of unnecessary time and effort managing your eCommerce store. If you still cannot decide which system is best for your business needs, you should always consult an expert in developing and customizing eCommerce systems, these guys can provide you the best solution for you and make sure that you time will not be wasted on managing your site but to be used on make more sales on the eCommerce industry.

Advertising – Precious Information Or Vicious Manipulation?

Is advertising the ultimate means to inform and help us in our everyday decision-making or is it just an excessively powerful form of mass deception used by companies to persuade their prospects and customers to buy products and services they do not need? Consumers in the global village are exposed to increasing number of advertisement messages and spending for advertisements is increasing accordingly.It will not be exaggerated if we conclude that we are ‘soaked in this cultural rain of marketing communications’ through TV, press, cinema, Internet, etc. (Hackley and Kitchen, 1999). But if thirty years ago the marketing communication tools were used mainly as a product-centered tactical means, now the promotional mix, and in particular the advertising is focused on signs and semiotics. Some argue that the marketers’ efforts eventually are “turning the economy into symbol so that it means something to the consumer” (Williamson, cited in Anonymous, Marketing Communications, 2006: 569). One critical consequence is that many of the contemporary advertisements “are selling us ourselves” (ibid.)The abovementioned process is influenced by the commoditisation of products and blurring of consumer’s own perceptions of the companies’ offering. In order to differentiate and position their products and/or services today’s businesses employ advertising which is sometimes considered not only of bad taste, but also as deliberately intrusive and manipulative. The issue of bad advertising is topical to such extent that organisations like Adbusters have embraced the tactics of subvertising – revealing the real intend behind the modern advertising. The Adbusters magazine editor-in-chief Kalle Lason commented on the corporate image building communication activities of the big companies: “We know that oil companies aren’t really friendly to nature, and tobacco companies don’t really care about ethics” (Arnold, 2001). On the other hand, the “ethics and social responsibility are important determinants of such long-term gains as survival, long-term profitability, and competitiveness of the organization” (Singhapakdi, 1999). Without communications strategy that revolves around ethics and social responsibility the concepts of total quality and customer relationships building become elusive. However, there could be no easy clear-cut ethics formula of marketing communications.ADVERTISING – PRESCIOUS INFORMATION OR VICIOUS MANIPULATION?In order to get insights into the consumer perception about the role of advertising we have reviewed a number of articles and conducted four in-depth interviews. A number of research papers reach opposed conclusions. These vary from the ones stating that “the ethicality of a firm’s behavior is an important consideration during the purchase decision” and that consumers “will reward ethical behavior by a willingness to pay higher prices for that firm’s product” (Creyer and Ross Jr., 1997) to others stressing that “although consumers may express a desire to support ethical companies, and punish unethical companies, their actual purchase behaviour often remains unaffected by ethical concerns” and that “price, quality and value outweigh ethical criteria in consumer purchase behaviour” (Carrigan and Attalla, 2001). Focusing on the advertising as the most prominent marketing communication tool we have constructed and conducted an interview consisting of four themes and nine questions. The conceptual frame of this paper is built on these four themes.THEME I. The Ethics in AdvertisingThe first theme comprises two introductory questions about the ethics in advertising in general.I.A. How would you define the ethics in advertising?The term ethics in business involves “morality, organisational ethics and professional deontology” (Isaac, cited in Bergadaa’, 2007). Every industry has its own guidelines for the ethical requirements. However, the principal four requirements for marketing communications are to be legal, decent, honest and truthful. Unfortunately, in a society where the course of action of the companies is determined by profit targets the use of marketing communications messages “may constitute a form of social pollution through the potentially damaging and unintended effects it may have on consumer decision making” (Hackley and Kitchen, 1999).One of the interviewed respondents stated that “the most successful companies do no need ethics in their activities because they have built empires.” Another view is that “sooner or later whoever is not ethical will face the negative consequences.”I.B. What is your perception of the importance of ethics in advertising?The second question is about the importance of being moral when communicating with/to your target audiences and the way consumers/customers view it. In different research papers we have found quite opposing conclusions. Ethics of business seems to be evaluated either as very important in the decision making process or as not really a serious factor in this process. An example of rather extreme stance is that “disaster awaits any brand that acts cynically” (Odell, 2007).It may seem obvious that the responsibility should be carried by the advertiser because “his is the key responsibility in keeping advertising clean and decent” (Bernstein, 1951). On the other hand the companies’ actions are defined by the “the canons of social responsibility and good taste” (ibid.). One of the interviewees said:”The only responsible for giving decent advertising is the one who profits at the end. Company’s profits should not be at the expense of society.”Another one stated that “our culture and the level of societal awareness determine the good and bad in advertising”.The increased importance of marketing communications ethics is underscored by the need of applying more dialogical, two-way communications approaches. The “demassification technologies have the potential to facilitate dialogue”, but the “monologic” attitude is still the predominant one (Botan, 1997). Arnold (2001) points out the cases of Monsanto and Esso which had to pay “a price for its [theirs] one-way communications strategy”. In this train of thought we may review ethics in advertisements from two different perspectives as suggested by our respondents and different points of view in the reviewed papers. The first one is that it is imperative to have one common code of ethics imposed by the law. The other affirms the independence and responsibility of every industry for setting its own standards.THEME II. Which type of regulation should be the leading one in the field of advertising?The next theme directs the attention towards the regulation system which should be the primary one. Widely accepted opinion is that both self regulation and legal controls should work in synergy. In other words the codes of practice are meant to complement the laws. However, in certain countries there are stronger legal controls over the advertising, e.g. in Scandinavia. On the other hand the industry’s self regulation is preferred in the Anglo-Saxon world. Still, not everyone agrees with the laissez-faire concept.One of our respondents said:”I believe governments should impose stricter legal frame and harsher punishment for companies which do not comply with the law.”Needless to say, the social acceptability varies from one culture/country to another. At the end of the day “good taste or bad is largely a matter of the time, the place, and the individual” (Bernstein, 1951). It would be also probably impossible to set clear-cut detailed rules in the era of Internet and interactive TV. Therefore, both types of regulation should be applied with the ultimate aim of reaching balance between the sacred right of freedom of choice and information and minimizing possible widespread offence. Put differently, the goal is synchronising the “different ethical frameworks” of marketers and “others in society” in order to fill the “ethics gap” (Hunt and Vitell, 2006).THEME III. Content of Advertisements.Probably the most controversial issue in the field of marketing communications is the content of advertisements. Nwachukwu et al. (1997) distinguish three areas of interest in terms of ethical judgment of ads: “individual autonomy, consumer sovereignty, and the nature of the product”. The individual autonomy is concerned with advertising to children. Consumer sovereignty deals with the level of knowledge and sophistication of the target audience whereas the ads for harmful products are in the centre of public opinion for a long time. We have added two more perspectives to arrive at five questions in the conducted interviews. The first one concerns the advertisement that imply sense of guilt and praise affluence that in the most cases cannot be achieved and the second one is about advertisements stimulating desire and satisfaction through acquisition of material goods.III.A. What is your attitude towards the advertisement of harmful products?A typical example is the advertisement of cigarettes. Nowadays we cannot see slogans like “Camel Agrees with Your Throat” (Chickenhead, accessed 25th September 2007) or “Chesterfield – Packs More Pleasure – Because It’s More Perfectly Packed!” (Chickenhead, accessed 25th September 2007). The general advertisement, sponsorship and other marketing communications means are already prohibited to be used by cigarette producers. Surprisingly, most of the answers of the respondents were not against the cigarettes advertisement. One of the respondents said:”People are well informed about the consequences of smoking so it is a matter of personal choice.”As with many other contemporary products the shift in communications messages for cigarettes is oriented towards symbol and image building. The same can be said for the alcohol ads. A well-known example of emotional advertising is the Absolut Vodka campaign. From Absolut Nectar, through Absolut Fantasy to Absolut World the Swedish drink actually aims to be Absolut… Everything.Advertising of hazardous products is even more harshly criticised when it is aimed at audiences with low individual autonomy, i.e. children. Two main issues in this respect are the manipulation of cigarettes and alcohol as “the rite of passage into adulthood” and the fact that “sales of health-hazardous products (alcohol, cigarettes) develop freely without much disapproval” (Bergadaa, 2007).III.B. What is your attitude towards the advertisement to children?Children are not only customers, but also consumers, influencers and users in the family Decision-Making Unit (DMU). Additional difficulty is that they are too impressionable to be deciders in the DMU. At the same time it is not a secret that marketers apply “the same basic strategy of trying to sell the parent through the child’s insistence on the purchase” (Bernstein, 1951). It is not a surprise then that “spending on advertising for children has increased five-fold in the last ten years and two thirds of commercials during child television programs are for food products” (Bergadaa 2007). In the US alone children represent a direct purchases market of $24 billion worth (McNeal cited in Bergadaa, 2007) which certainly is on the top of the agendas of many companies. While exploiting children’s decision-making immaturity advertisers often go too far in dematerialising their products and “teleporting children out of the tangible and into the virtual world of brand names” (Bergadaa 2007). Teenage virtual worlds like Habbo where snack food brands run advertising campaigns are already a fact of life (Goldie, 2007). The imaginative worlds are popular not only online. Hugely successful for creating a fantasy world is Mc Donald’s. The company tops the European list of kids’ advertisers while more than half of the children’s adverts are for junk food.In some countries there are harsher restrictions to the children advertising.• “Sweden and Norway do not permit any television advertising to be directed towards children under 12 and no adverts at all are allowed during children’s programmes.
• Australia does not allow advertisements during programmes for pre-school children.
• Austria does not permit advertising during children’s programmes, and in the Flemish region of Belgium no advertising is permitted 5 minutes before or after programmes for children.
• Sponsorship of children’s programmes is not permitted in Denmark, Finland, Norway and Sweden while in Germany and the Netherlands, although it is allowed, it is not used in practice.” (McSpotlight, accessed 20th September 2007).According to a research by Roberts and Pettigrew (2007) the most frequent themes in children advertising are “grazing, the denigration of core foods, exaggerated health claims, and the implied ability of certain foods to enhance popularity, performance and mood.” But the junk food is not the only reason for parents’ preoccupation. According to a study of Kaiser Family Foundation (Dolliver, 2007) parents are concerned about the amount of advertising of the following products (in order of importance): toys, video games, clothing, alcohol/beer, movies, etc.The interviewed respondents were unanimous: “The advertising to children should be strictly monitored.” Similar results were obtained in surveys by Rasmussen Reports and Kaiser Family Foundation. Nevertheless, the legal means are just one part of the children’s protection. The other part involves “the decision-making responsibility of parents and teachers” which is “to assist their children in developing a skeptical attitude to the information in advertising” (Bergadaa 2007). The marketers themselves should also be involved in shaping the moral system of our future and “each brand should have its own deontology – a code of practice regarding children – rather than rely on industry codes” (Horgan, 2007).III.C. Do you think there are many misleading, exaggerating and confusing advertisements. Are many ads promising things that are not possible to achieve?It will not be exaggerated to state that advertising is in a sense “salesmanship addressed to masses of potential buyers rather than to one buyer at a time” (Bernstein, 1951). Since “salesmanship itself is persuasion” (ibid.) we cannot merely blame advertisers for pursuing their sales goals. However, in the last twenty years or so advertisers have increasingly applied semiotics in their messages and as a consequence ads have begun to function more and more as symbols. One extreme case in this stream of advertising is the creation of idealised image of a person who uses the advertised product. Bishop (2000) draws our attention to two “typical representatives of self-identity image ads” which entice consumers to project the respective images to themselves through use of the products:- “The Beautiful Woman”;
- “The Sexy Teenagers.Through setting of such stereotypes advertisers not only mislead the public and exaggerate the effects of products but also provoke low self-esteem in consumers. At the same time they promise results that in most cases are simply impossible to achieve. Instead of promoting “‘glamorous’ anorexic body images” communication messages should use “varied body types” and should drop the idea of the “impossible physical body images” (Bishop, 2000).To question III.C one of the respondents commented:”The customers of these products [the ones advertised through thin models] are mostly people who do not have the same physical characteristic. For me, this type of advertising is deliberately aimed at people to make them feel not complete, far from attractive social outsiders.”However, another interviewed stated that: “every person has his own way of evaluating what is believable and what is misleading. Consumers are enough sophisticated to know what is exaggerated.”Similarly, Bishop (2000) concludes that “image ads are not false or misleading”, and “whether or not they advocate false values is a matter for subjective reflection.” The author argues that image ads do not interfere with our internal autonomy and if people are misled, it is because they want it. It is all about our free choice of behaviour and no advertisement can modify our desires. Perhaps, the truth lies somewhere in-between the two extreme positions.III.D. What is your attitude towards advertisement that imply sense of guilt, and praise affluence that in the most cases cannot be achieved?A more specific case of controversial advertising is the one used to “promote not so much self indulgence as self doubt”; the one that “seeks to create needs, not to fulfill them: to generate new anxieties instead of allaying old ones” (Hackley and Kitchen, 1999). A response of our interviewee reads:”It is not only a matter of advertising. It has to do with the social inequality and the desire to possess what you can not.”Hackley and Kitchen (1999) refer to this discrepancy as to “when reality does not match the image of affluence and the result is a subjective feeling of dissonance”. The issue could be elaborated further through the next question.III.E. Are advertisements stimulating desire and satisfaction through acquisition of material goods moral?We live in a society which is more or less marked by materialism. Advertisements are often blamed to fuel consumption which is allegedly leading to happiness. The role of promoting satisfaction through acquisition of material goods has become so important that currently the “media products are characterised by relativism, irony, self referentiality and hedonism” (Hackley and Kitchen, 1999). Is the popular saying “those who die with most toys win” really a motivator in consumers’ behavior and could consumption be the cure of emotional dissonance? This seems to be the case provided a brand succeeds to enter in the evoked set of consumer choices. This new “kind of materialism” goes hand in hand with “the emergence of individualism via sheer hedonism along with narcissism and selfishness” (Bergadaa 2007).THEME IV. Is the quantity of advertisements justified?IV.A. Do you think there is too much advertising?An audit of food advertising aimed at children in Australia by Roberts and Pettigrew (2007) revealed that “28.5 hours of children’s television programming sampled contained 950 advertisements.” Actually, we all are being bombarded by ads on TV, Internet, print media, etc. The amount and content of marketing communications messages puts the consumer’s information processing capacity to a test. The exposure to marketing data overload often leads to diluted consumer’s selective perception. Whether our responses are circumscribed by “confusion, existential despair, and loss of moral identity” or we “adapt constructively to the [communications] Leviathan and become intelligent, cynical, streetwise” (Hackley and Kitchen, 1999) is a question open to debate.Two opposite streams of attitudes were produced in our research. One stance is concerned with the undue quantity of advertisement. The other stream proclaims that “If there is an advertisement, so it is justified by a need.” We agree that the communications overload may indeed have “pervasive effect on the social ecology of the developed world” (Hackley and Kitchen, 1999). If the increasing communication pollution is not managed properly by both legal and industry points of view yet again the advertising will manage “to hoist its foot to its own mouth and kick out a couple of its own front teeth” (Bernstein, 1951).CONCLUSIONIn preparation of this paper we have used qualitative depth interviews in order to get insights for what actual customers opine. We have also substantiated our presentation with references to a number of influential articles in the field of ethics in marketing communications. Generally, our respondents as well as various authors have taken two opposing stances. The first one affirms that ethics in marketing communications matters considerably, whereas the other one downsizes the importance of ethics, thereby stressing the role of other factors in consumer decision-making, i.e. price, brand loyalty, convenience, etc.Marketers should understand their “responsibility for the emerging portrait of future society” (Bergadaa 2007). Not only there is a need of legal ethical frame but also professional ethical benchmarks and deontology should be in place. One of the main challenges is to avoid creating “a happy customer in the short term”, because “in the long run both consumer and society may suffer as a direct result of the marketer’s actions in ‘satisfying’ the consumer” (Carrigan and Attalla, 2001).The strength of the advertisement influence exerted on consumers is only one part of the equation. On the other hand we may affirm that consumers are not morally subservient and according to the information process models there is a natural cognitive defense. The communications tools “offer us a theatre of our own imagination” (Hackley and Kitchen, 1999). Consequently, we accept the reality in terms of our own experiences. In this sense marketers do not create reality – they are simply a mirror of the society. We may argue that unfortunately this is not always the case.Advertising is often deservedly seen as the embodiment of consumer freedom and choice. Notwithstanding this important role, when the choice is “between one candy bar and another, the latest savoury snack or sweetened breakfast cereal or fast food restaurant” (McSpotlight, accessed 20th September 2007) it represents anything else but not an alternative and certainly not a healthy one.The words of Bernstein (1951), said fifty-six years ago are still very much a question of present interest: “It is not true that if we ‘save advertising, we save all,’ but it seems reasonable to assume that if we do not save advertising, we might lose all.”Anonymous (2006). Module Book 6, Marketing Communications, University of Leicester.Arnold, M. (2001). Walking the Ethical Tightrope (Marketing Corporate Social Responsibility), Marketing, 7/12/1001, p. 17.Bergadaa M. (2007). Children and Business: Pluralistic Ethics of Marketers, Society and Business Review, Vol. 2, No. 1, pp. 53-73.Bernstein, S. R. (1951). Good Taste in Advertising, Harvard Business Review, Vol. 29, No. 3, pp. 42-50.Bishop, J. D. (2000). Is Self-Identity Image Advertising Ethical?, Business Ethics Quarterly, Vol. 10, No. 2, pp. 371-398.Botan, C. (1997). Ethics in Strategic Communication Campaigns: The Case for a New Approach to Public Relations, Journal of Business Communication, Vol. 34, No. 2, pp. 188-202.Carrigan, M. and Attalla, A. (2001). The Myth of the Ethical Consumer – Do Ethics Matter in Purchase Behaviour?, Journal of Consumer Marketing, Vol. 18, No. 7, pp. 560-577.Chickenhead, ‘Truth in advertising’. Online. Available at: chickenhead.com/truth/chesterfield6.HTML (accessed 25th September 2007).Chickenhead, ‘Truth in advertising’. Online. Available at: chickenhead.com/truth/camel1.HTML (accessed 25th September 2007).Creyer, E. H. and Ross Jr. W. T. (1997). The Influence of Firm Behavior on Purchase Intention: Do Consumers Really Care About Business Ethics?, Journal of Consumer Marketing, Vol. 14, No. 6, pp. 421-432.Dolliver, M. (2007). A Parental Dim View of Advertising, Adweek, Vol. 48, No. 26, pp. 25.Goldie, L. (2007). Brands Free To Use Virtual Worlds To Target Kids, New Media Age, 8/9/2007, p. 2.Hackley, C. E. and Kitchen P. J. (1999). Ethical Perspectives on the Postmodern Communications Leviathan, Journal of Business Ethics, Vol. 20, No. 1, pp. 15-26.Horgan, S. (2007). Online Brands Need Their Own Ethical Guidelines, Marketing Week, Vol. 30, No. 26, p. 30.Hunt, S. D. and Vitell, S. J. (2006). The General Theory of Marketing Ethics: A Revision and Three Questions, Journal of Macromarketing; Vol. 26, No. 2, pp. 143-153.McSpotlight, ‘Advertising to children, UK the worst in Europe’ Online. Available at: mcspotlight.org/media/press/food_jan97.HTML, (accessed 20th September 2007).Nwachukwu, S.L.S, Vitell, Jr. S.J., Gilbert, F.W., Barnes, James H. (1997). Ethics and Social Responsibility in Marketing: An Examination of the Ethical Evaluation of Advertising Strategies, Journal of Business Research, Vol. 39, No. 2, pp. 107-118.Odell, P. (2007). Marketing under the Influence, Promo, Vol. 20, No. 6, p. 27.Roberts, M. and Pettigrew, S. (2007). A Thematic Content Analysis of Children’s Food Advertising, International Journal of Advertising, Vol. 26, No. 3, pp. 357-367.Singhapakdi, A. (1999). Perceived Importance of Ethics and Ethical Decisions in Marketing,
Journal of Business Research, Vol. 45, No. 1, pp. 89-99.Stanford University, ‘Alcoholic Advertisements’. Online. Available at: stanford.edu/class/linguist34/advertisements/alcohol%20ads/index.htm, (accessed 20th September 2007).Vintage Virginia Slims, Online. Available at: freenet-homepage.de/mshel120/vintage/vintage-vs.HTML, (accessed 25th September 2007).

The Internet – Now That’s Entertainment

The Internet is now a source of everything from pure entertainment to up to the minute news for the private citizen, but it hasn’t always been that way. In fact, in the early days of the Internet (before it even carried that name), it was strictly limited in its use and no one would have dared suggest it be used for any frivolous. The Internet was originally conceived of in the early 1960′s as a way to enable multiple computers to access information for research and development purposes in the scientific and military communities.By 1970, several major universities had super computers sharing information between research groups and libraries as well as exchanging an early form of email. The increase in information necessitated a way of indexing and organizing the information that eventually led to simpler codes, hypertext and ease of use in the 1980′s. Initially, the government funded the development of the Internet, so commercial use was prohibited unless it was directly linked to research or education.Everything changed in the late 1980′s and early 1990s, when independent commercial networks sprang up in response to the ease of use and smaller, less expensive computers for office and home use. Since these independent commercial networks could pay for their own Internet connections, they could route to each other and bypass the government’s “backbone.” By 1995, the World Wide Web was in full swing and the government was out of the Internet business.Predictably, as soon as the Internet was open to the public, individuals changed its look. Individuals wanted more than just a way to conduct business or do their banking, although such practical applications were certainly popular. Today’s Internet provides information, ease and more than anything else, entertainment to home users.The entertainment industry quickly jumped on the Internet bandwagon by distributing movie trailers, early release teaser chapters from new books and lots of press photos for always-interested fans. They created entire websites dedicated not only to networks, but also to movies, particular televisions shows and even particular fictional characters. Today, many televisions shows have mirror websites with special features that add to the viewer experience. For instance, if you love the show “Monk” on the USA Network, you can play games relating to the character’s peculiarities, take quizzes about past episodes and enter contests to win prizes or learn more about the characters to enhance enjoyment of the show. That’s savvy marketing.In an entirely different vein, the Internet brought entertainment of other kinds right into the home that people previously had to go to, not the other way around. Video poker, arcade games, and downloadable streaming video all mean that you can be entertained 24/7 without ever leaving home. Users can play a few hands of cards or enter a tournament. There are tournaments going on around the world at any given time. It’s even possible to play a classic pinball game by downloading it to your computer.In fact, the face of entertainment has changed considerably by allowing individuals to upload their own photos and videos for the world to see and even script and edit their own films. The Internet has made us all into amateur photographers and videographers with a potential audience of millions thanks to YouTube, Flickr and other programs. Not only does the Internet provide us with 24/7 entertainment, it allows us to provide the world with entertainment that we’ve made. Upload a clip of that amazing wipe-out you made on the slopes during your last ski trip and you’ll be amazed how fast you become entertainment for millions of viewers.Some of the most popular sites on the Internet are celebrity gossip sites. It’s human nature in today’s hectic world, when we’re all hunkered over our computers hours every day working to earn a living, to want to click over to a gossip site for a few minutes and check out how “the other half” lives. It’s harmless entertainment news that reassures us that are lives aren’t so bad, and we get the guilty thrill of checking out the photos.With so much instant gratification at our fingertips, the Internet has changed the face of entertainment forever. With the Internet in almost every home, you can no longer feel there is nothing to do. After all, there’s always something entertaining just a click away.

House of Brands

Short term vs long. Regional reach vs national. Diversification vs focused niche. When does it make the most sense to keep one singular Branded House vs a collective House of Brands? Understanding which type of strategy is appropriate for an organization’s objectives and resources is a crucial step in building a successful brand and should be clearly defined before the brand is presented to consumers.House of Brands: A brand like P&G has a parent brand and then a number of consumer-facing brands loosely connected back to the parent – brands like: Crest, Iams, Bounce, Vicks, & Pringles. The House of Brands pushes equity to the individual niche brands.
Branded House: A brand like FedEx has one master brand even though it offers a range of services – Ground, Custom Critical, Office, and Supply Chain. The Branded house funnels all equity back to the master brand.Both of these strategies can be effective, but their effectiveness largely depends on where the business is in its life cycle, how far it reaches, and how proven each niche service is within the marketplace. Before deciding on either of the aforementioned strategies, an organization should determine whether it is a:Emergent Brand: New brands typically have the hardest time focusing. What will customers resonate with? What service will make us the most money? Can we survive limiting our offerings? Since the brand is still finding its legs, its smart to keep it as one singular entity – a branded house. This allows equity to build even as the focus may shift and mature throughout its formative years.
Maturing Brand: A maturing brand begins to refine itself – asking the tough questions: ‘what business should we be saying no to’, ‘where should we invest into our own identity’ and ‘what type of customer is our ideal’. A business at this stage may have many lines of revenue streams, but none may quite be ready for its own niche. After reaching mature status, brands may decide to expand through pursuing:
Business Diversification: As the business continues to grow, multiple services may begin to branch out from the core. As these ancillary businesses begin to grow, the real question of moving from a Branded House into a House of Brands will rise to the surface. Are we Toyota trying to create Lexus, or are we Mercedes creating the C-class?
National Reach: If a brand grows to the point of national reach, this is where I believe the Branded House can really payoff. Having invested most, if not all, of the accumulated years of goodwill, equity, and reputation into one identity can provide an organization with more opportunity to gain momentum as a national brand-name. However, this is not always the case. There are certainly times where branching off from the parent can allow a subsidiary to take a risk without marring the reputation of the parent.Determining whether a brand should pursue a House of Brands or Branded House strategy is dependent on where the brand is in its life cycle as well as its resources and goals. Strategies do not need to be stagnant however, as they can be adapted as the brand grows. A brand may start out as a Branded House in the beginning then slowly grow into a House of Brands as it expands and grows more successful. As with many aspects of branding, there is no right approach to building a successful brand but only the approach right for you.

Affordable Health Care Insurance – Why You Need to Get One Now

You never know what can happen in the future, especially events regarding your health. It is advisable you acquire an affordable health care insurance today to avoid any huge expenses incurred due to unforeseen health issues that may arise and you need to seek medical attention.These days, the living costs are always increasing but your salaries may not rise as fast. However, an affordable health care insurance is definitely required to see you through the huge expenses that you may incur when you seek medical attention in the future. Then again, there are also reasons why there are still so many people avoiding getting one. This is mainly because these health insurances are getting more and more expensive that a lot people could not afford to buy one. Therefore, there is a growing demand and need for an affordable health care insurance these days.Because of the high medical insurance costs, many people have no choice but live without one. Those who cannot afford the high premiums feel that it better for them to spend such money on basic necessities rather than on the health insurance. However, they do not know that without such health care insurance, they could burn a big hole in their pocket and even wipe out their entire life savings easily with just one unforeseen major illness or accident that could happen to anyone.However, that does not mean that one should live without a health insurance. With the availability of internet, you could look around for some of the best affordable health care option that is available online. The premiums are affordable and provide the necessary coverage for your requirements. Some of the most common and affordable ones include the HMOs, PPOs and POSs. These options not only are affordable, they provide you with the health coverage necessary to see you through in times of needing medical attention.Therefore, be wise to get an affordable health care insurance right now. See things in a long-term perspective as you can actually save more for the future this way by getting a health care insurance today. If you are young especially, you should start getting one today as premiums are lower for younger people. If you are young and healthy and do not smoke, your premiums can be even be further reduced. So, if you are smoking today, quit it immediately. This can help save you a lot in your monthly health premiums when you get one.

What You Should Know About Home Health Care

Home health care services may just be the assistance you need for your aged parents. But you need to understand that the term itself is so diverse. There are different kinds of professionals who can provide home health care assistance to you. Just the same, there are also different types of institution where such care can be provided.The most common health care personnel you might have encountered are registered nurses. They are also considered the most skilled because they don’t just care for the basic needs of their patients. They can also be made to supervise monitoring for vital signs as well as giving the right medication for the patient. RNs and experts in using health equipments.Another type of home health care personally are home care aides. They are a good choice for a health companion because they can provide assistance to basic living skills such as bathing and dressing up. They can also provide a nutritional diet for your aged loved ones as well as do some light cleaning to avoid the spread of illnesses at home.Then there are also the homemakers or home companions. However, these people are not exactly schooled or formally skilled with caring for aged people. But they can be expected to take care of the home where your aged loved ones live and also make sure that some of their basic necessities are being cared for.Getting the type of home health care is something that you should talk over with the whole family. If your parents are still good enough to comprehend the situation, it would be best to also involve them during the decision-making process. This way you can prevent having any problems between the caregiver and the care recipient because the latter actually resents having someone else to tend to him.After that is cleared, the next important thing would be to clearly define what the caregiver tasks should be. Do this in accordance with your aged loved ones current medical conditions. It would even be best if the tasks are actually advised by the doctor. If you can also include an actual daily schedule for the caregiver to follow, then that would be much better.When the decision-making process to hire a caregiver and the actual tasks are done, then you will now be ready to find the best homecare services. It would be best to look for one within your area so you can easily compare their fees and requirements.When choosing your home health care services, make sure that you get from an agency duly certified by the government. It would also help to engage in the services of an agency whom you can pay through your insurance coverage.

Is a Fitness Franchise Right For Me?

Fitness franchises are among the most popular type of franchise businesses. When you own your own fitness franchise, you’ll be tapping into a major need for the vast majority of the population. Each year more and more people want to lose weight and get in shape. As the nation looks at rising obesity rates, especially in children, fitness is going to become a bigger concern.If your background is in the fitness industry, or you’ve been a lifelong athlete, owning a fitness business could be the opportunity you’ve been looking for. Consider the following fitness industry statistics:* There are over 30,000 health clubs across the United States
* Over 42 million Americans belong to a type the fitness club
* Adults 55 years of age and older make up about a quarter of fitness club membershipsWhen you own a fitness business, people trust you with their health. Unlike other types of businesses, your fitness franchise can have a lasting impact on the quality of life of your customers. With this in mind, it takes a lot of trust in order to build a customer base. When you own a fitness franchise business you’ll be backed by the familiarity and high-level professionalism that comes from the fitness franchise. Instead of working hard to prove to the public that you’re running a legitimate fitness business, they’ll know instantly that yours is a gym that they can trust.Fitness franchises come in many different shapes and sizes, no pun intended. There are fitness businesses that cater to women only. Women-only fitness franchise businesses are growing in popularity and there are many from which to choose. One of the most popular is Curves, but there are many other fitness franchises that have taken advantage of this popular trend. If you want to offer women a secure place to work out and lose weight you may want to consider one of these fitness franchises. While Curves focuses on low impact circuit training, others like Fit Zone for Women offer a wide variety of fitness classes.Twist Sports Conditioning Centres have been offering athletic training in a gym environment since 1999. This fitness franchise offers personalized training that helps athletes achieve better performance on the court, the field or the ice. The professional trainers focus on challenging customers to push their bodies to new limits. If you’re coming from an amateur or professional sports background, Twist Sports Conditioning may be the perfect franchise for you.Fitness businesses aren’t just for the young and fit; they are also for the young at heart. Nifty After Fifty is a fitness franchise that allows you to cater to the growing population of older Americans who want to stay fit. While this franchise business is just two years old, it will allow you to tap into a hungry market and offer a facility that will allow them to exercise in a non-judgmental environment. Nifty After 50 offers exercise classes, nutritional training and other services that help customers improve their health and overall quality of life.

S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.