The Entrepreneurship Chronicle
Zero Million - The Entrepreneurship Chronicle
  The Entrepreneurship Chronicle :: September 2010 Issue :: 61

Editor: Malcolm Young
Co-Editor: Jenn Summe
Sent With: iContact


QUOTE OF THE MONTH

"Outstanding people have one thing in common - an absolute sense of mission."

~Zig Ziglar


Dear [fname],

Welcome to the Entrepreneurship Chronicle! I hope you have made progress on your entrepreneurial vision and that you gain value from this issue of The Entrepreneurship Chronicle!

Entrepreneurially Yours,
Ryan P. Allis, CEO
iContact Corp.
2635 Meridian Parkway
Durham, NC
www.iContact.com


   Table of Contents
Non-Profit of the Month
Be Active

Be Active

With modern technology, Americans are slacking on physical health by spending more time on computers, game systems and televisions - that is why Be Active has dedicated their time to increase physical activity levels and promote healthy lifestyles among all North Carolinians.

People have the knowledge, skills and opportunities to lead physically active lives, and Be Active is making it possible for citizens to see their potential. Since 1991, Be Active has worked to increase public knowledge of the negative effects of physical inactivity with statewide programs and advocating policies that reduce barriers and creating opportunities for activity. For the past 17 years, the organization has raised over $16 million and grown to a staff of 14 and has been named the nation's best statewide organization for health and physical activity by The National Association for Health and Fitness (NAHF).

(To learn more or get involved visit: www.beactivenc.org/ )

The 10 Most Important Business Lessons I've Learned
Ryan Allis

Here are the most important business lessons I've learned building iContact from 2 to 220 employees over the last eight years.

1. Just get started, have a bias toward action, and don't get stuck in analysis paralysis.

2. To grow your sales, it is critical to calculate the lifetime value of an average customer, calculate what you're currently paying to acquire an average customer (total monthly ad spend divided by customers acquired in that month), determine the maximum you're willing to pay to acquire an average customer, and scale your marketing cientifically by testing relentlessly and finding the channels in which you can acquire customers for less than your maximum acceptable customer acquisition cost and then growing spend within those channels.

3. Never raise more equity capital than 1x your current annualized revenue (monthly revenue x 12). If you raise too much money too soon you'll give up too much ownership and control of your company and be tempted to spend the money in ways that aren't carefully controlled. Wait to raise a large round until you have proven mathematically than $X amount of additional spending with generate $Y amount of additional revenue. (once you figure out #2 this is easy).

(Read the Rest of this Article Here....)


Ryan Allis is a technology entrepreneur and social entrepreneur from Chapel Hill, North Carolina. He is the co-founder and CEO of iContact, the leading global provider of email marketing services to small and mid-sized businesses.

How to Influence Your Customer's First Impressions
Kathy Clark

Every customer has a point of first contact with an organization. It is important to manage that first impression of how the customer perceives the quality and credibility of the organization.

Customers have choices and successful organizations understand the importance of paying attention to the details that matter to customers. Organizations should strive to ensure their customers have the confidence that they have found the right place to meet their needs.

Examples of Customer First Impressions

Company Website

Having a professionally designed website is a critical first impression for customers. Customers are now internet savvy and use it to learn about prospective businesses and what products and services they offer. A well thought out and designed website can offer customers information on location, hours of operation, products and services provided, service guarantees and a feel for the culture of the business. It is important to stop and take a good look at the organization's website and try to view it as a customer would.

(Read the Rest of this Article Here....)


Kathy is an MBA and seasoned professional with over 25 years of business experience in both large and small non-profit organizations.

Learn How to Cash In with PPC Marketing
Charles McDuffie

PPC marketing and advertising is one of the most desirable methods to benefit from fast traffic to your website. Because of the tremendous range of strengths, thousands of internet marketers consider this strategy as a profitable form of marketing. The following are some of the rock solid tactics that'll help you cash in on the distinct features of pay per click marketing.

Well Targeted Keywords Are The Key

The success of PPC advertising depends upon your selection of keywords. When you employ the pay per click promotion strategy, you're asked by the search engine company to bid for some specific set of keywords. Whenever the users search those keywords, your website is shown in the sponsored ads segment of the search results. Always take into account that your PPC account is billed every time a user clicks on your ad.

(Read the Rest of this Article Here....)


Charles McDuffie has 15 years experience with online marketing and is an author and entrepreneur for ASB Enterprises, a continuing education and business development company.

Zero to One Million: How I Built My Company to $1 Million in Sales . . . and How You Can, Too
Ryan Allis

Book Description

Do You Want to Become a Multi-Millionaire Entrepreneur? Here's How.

By the time Ryan Allis had reached the age of twenty-one, he had achieved the financial goal most people just dream about: He built his company to one million in sales. Allis has since grown his company iContact Corp., a provider of Web-based email marketing and online communication software, to $28 million per year in sales, and has helped numerous clients increase their sales dramatically.

Now Allis shares the secrets of his lightning-fast success with you. In Zero to One Million, he details his simple yet innovative evaluation system of "Market-Advantages-Return" to help you determine if your business idea is viable. Once you have a solid foundation, you can apply his advice for successfully running your business-from initial planning to managing high-speed growth.

  • Evaluate your business idea using the innovative MAR system
  • Write a business plan sure to excite your investors
  • Launch your company with minimal expenditure
  • Boost online sales using cutting-edge marketing strategies
  • Watch all your hard work transform into millions

Did you know that eighty-one percent of millionaires are entrepreneurs? Join the pantheon of successful businessmen and women with Zero to One Million.

About the Author

Ryan P. Allis is CEO of iContact Corp., a venture-backed email marketing and online communications firm that has grown from nothing to over $32 million in annual sales with over 59,000 customers and 190 employees. Ryan is also the Chairman of the web marketing firm Virante, Inc.

(Buy the Book....)

Connect With Ryan
Connect Via Facebook

Do you have a Facebook account? If so, Ryan's on Facebook too. Just look up Ryan Allis (the one at UNC-Chapel Hill). Send Ryan a message or a friend request.

Connect Via Linked In Ryan also uses LinkedIn. If you want to connect to Ryan on Linked in just look him up and send a connection request to allisr [at] icontact.com.

Follow on Twitter

Or Follow Ryan on Twitter: ryanallis

Don't have Facebook or LinkedIn but still want to ask Ryan a question? Feel free to email Ryan at allisr [at] icontact.com. Thank you!

Closing Notes

This concludes issue #61 of The Entrepreneurship Chronicle. If you are not subscribed and would like to subscribe, please visit http://www.zeromillion.com. If you would like to contribute content, become involved with the zeromillion.com team, make suggestions, or provide feedback please feel free to contact us at info@virante.com.

This newsletter is published by www.zeromillion.com with support from the Entrepreneurs' Coalition. The newsletter is sent using the iContact email marketing software.

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