Once you’ve established the fundamentals of technology entrepreneurship you are guided through how to sell, market and scale your new technology startup. NovoEd has recently teamed up with the prestigious Babson Global Entrepreneurship program to offer a whole range of entrepreneurship-focused courses. I highly recommend browsing the NovoEd website for their other entrepreneurship course offerings.
Using an omni-channel strategy is becoming increasingly important for enterprises who must adapt to the changing expectations of consumers who want ever-more sophisticated offerings throughout the purchasing journey. Retailers are increasingly focusing on their online presence, including online shops that operate alongside existing store-based outlets. The "endless aisle" within the retail space can lead consumers to purchase products online that fit their needs while retailers do not have to carry the inventory within the physical location of the store. Solely Internet-based retailers are also entering the market; some are establishing corresponding store-based outlets to provide personal services, professional help, and tangible experiences with their products.
Jerod Morris: Yep. Absolutely. If you want more information on that to check out that course, you can go to DigitalCommerce.com. To learn more about everything else that we talked about in this episode, stick with us. We’re going to have some fun over these next few weeks and well beyond for The Digital Entrepreneur, very excited about it. And, Brian, jump off the cliff.
I don’t think I would ever represent to someone that I could teach them how to start the next Uber, but we can talk about software as a service. We can certainly talk about online courses, themes, plug-ins, downloadable software, all of this kind of stuff. I’d say, today, the truth of the matter is, digital technology is a huge part of any entrepreneurial effort whatsoever, whether it just be marketing, but its rarely ever just marketing anymore
Affiliate marketing allows its marketers, or “affiliates,” to take their income into their own hands. This strategy is, in some instances, referred to as a form of “passive income” for those who endorse products. By this, we mean affiliates aren’t always actively selling to make money. They put their strategies in motion and any sales that come through their site drive income.
Consider an example from my company. A few years back, one of our team members joined us for an off-site meeting soon after returning from maternity leave. Not even two hours into her trip, her husband called to say that the baby had been crying nonstop. While there was little our colleague could practically do to help with the situation, this call was clearly unsettling, and the result was that her attention was divided for the rest of an important business dinner.
Don’t go too broad — Earlier, we mentioned that a benefit of affiliate marketing is that affiliates get to choose the products they sell. Because affiliates are building out their brands, they shouldn’t cast their nets too wide. There are affiliate opportunities for everything you can think of: technology, fashion, health, fitness, and even dog training. If you’re trying to get into affiliate marketing, try and stay relatively within a certain niche.