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Posted by Managementguru in Business Management, How To, Intellectual Property Rights, International Business, Marketing, Strategy, Technology
on Dec 14th, 2019 | 0 comments
How to File a Patent for Your Invention Inventors are highly prized in any market, since their work is often the focal point that other infrastructure, marketing, and production coalesce around. But as an inventor, whether in a startup or independently, it is important to make the most of any invention you create. This means protecting your original work legally. In this article, we look at one of the primary tools at the disposal of any inventor: the patent, and how to file one. Why File a Patent? Patents provide a level of economic security and market edge for their holders. They are specifically designed to incentivize invention and innovation, offering an avenue to significant potential profits for an invention that is patented quickly and correctly. Patents fall under the category of intellectual property (IP) law, and are one of four kinds of IP protection, the others being copyrights, trade secrets, and trademarks. Copyrights cover original creative work, trade secrets involve confidential information that benefits a company competitively, and trademarks protect branding and brand identity. However, patents may be the most powerful intellectual property tool. Holding a patent grants a twenty-year monopoly (in the United States) for the development, production, and sale of the invention in question. This means that no other companies can compete via imitation for this time period, allowing the best possible version of the invention to be produced and sold, gaining more profits by being a unique entity in the market. Filing a patent can make the difference between being swallowed by competitors who have the infrastructure to take your idea and produce it more cheaply or more quickly, and having the time and resources to perfect your invention and get rewarded for its genesis. Sure, the patent filing process is time consuming and costs money, but the potential benefits are immense. Is Your Invention Eligible? The United States Patent & Trademark Office, or USPTO, outlines what is and is not eligible for patenting according to the patent statute codified in federal law. Eligible areas include a process, machine, “article of manufacture” (manufactured product), composition of matter, or “improvement of any of the above,” as well as specific designations for unique plant patents and design patents that govern the nonfunctional design and aesthetic components of a product. So, if your invention happens to be a machine or a composition of matter, is it automatically eligible for a patent? In short, no. There are additional requirements that must be met for patent eligibility. These boil down to usefulness, novelty, and non-obviousness. To have any chance of being granted a patent, the invention in question must be useful. Usefulness here can be very broad and does not only encompass crucial or definitive needs and benefits. Things like entertainment and enjoyment can also qualify as uses. Novelty refers to being sufficiently unique and new in order to deserve a patent. This can often be an issue of contention, with gray areas existing between what constitutes a slight tweak or variation upon an existing idea versus a truly novel improvement. Lastly, being non-obvious may seem quite easy, but this determination usually helps to weed out inventions that are not really inventions but obvious combinations of previously existing factors. Before delving into the patent search and filing process, it may be a good idea to seek out a qualified patent attorney or law firm to determine what the best course of action is, as a professional will better know how your invention might fare. Picture Courtesy: Taylorip The Patent Search Now that you’ve determined your invention may be patent eligible, it’s time to hone in on the...
Posted by Managementguru in Business Management, Marketing, Sales, SEO, Strategy
on Nov 16th, 2019 | 0 comments
Local SEO Guide 2019: Rank Your Local Business In Google Maps 3 Pack For all types of small businesses, local SEO is considered to be very important. There are approximately 4 out of 5 consumers who use a search engine to get local information. This indicates that if your business is not optimized enough to be part of the local search engine, then you will miss out on almost 80% of the customers online. To learn how to do SEO with the help of the best local SEO services, this article will act as your comprehensive guide. What is local SEO? The job of the local SEO is to promote the goods and services of a business to local customers and prospects. To provide the correct information, the local search engine heavily relies on factors such as the links, profile pages, citations, and local content. This helps in delivering the most relevant yet accurate results to the user. Understanding the local SEO tactics To make your presence known under the local SEO search results, there are three main things you need to do. The things you need to do is optimize your Google My Business profile, improve the on-page SEO through website updates, and try excelling on the World Wide Web. Although these three tactics might sound a bit overwhelming, you can perform them perfectly, with a little perseverance and patience. Google My Business The Google my business is the ultimate “crème de la crème” for local SEO search. This is because Google understands and feels very much comfortable in verifying and showing support. Therefore, this is the ultimate tool that will help your business meet all the requirements of Google. Once Google can verify your business, it will initially reward you with a sidebar space in the Local Google search. However, to be ensured that you are optimized under Google My Business tool, take the help of Google post in your account. Try encouraging your customers to leave positive reviews and reply only to the authentic ones. Updating websites Unlike optimizing the account of your Google My Business tool, five website updates will help you to improve the local SEO. The updates are, improve the internal structure of linking, optimize the URL, meta descriptions, title tags, headers, and contents, add location pages, and create top-notch content. Rather than that you also need to make your website user-friendly for all the online consumers. Engaging with the Wild Wild Web and the Directories After you are done with the above-mentioned tactics, it’s time to move to the next level. You now need to use your directories, NAP consistency, and inbound links to take your business near the end of success. If steps are done carefully in the process, then there is no one to stop you to reach the top search results on Google. Author Bio Ravi Sharma Ravi Sharma, CEO of Webomaze is a highly enthusiastic entrepreneur. His love for making every business reach the greatest heights in their industry made him establish his digital marketing company delivering the best local SEO services. He has got a great grip on the idea of effective SEO process and tactics which are vital for virtual exposure. He is a fun-loving person and a keen traveler who always hunts to find adventure in new places. Types of local SEO tools There are numerous types of tools used by the local SEO services, and some of them are mentioned below. They are Whitespark location citation finder. Moz local. Screaming fog. Ahrefs. Buzzstream. BrightLocal. The above-mentioned are widely used in the process of optimizing your local SEO search rankings for business to get noticed....
Posted by Managementguru in Business Management, How To, How to make money online, Marketing, Sales, Social Media, Strategy
on Jun 19th, 2019 | 0 comments
As digital shopping continues to dominate the retail world, investing in an e-commerce store is more lucrative than ever! With global reach, automated operations, and low overhead costs, this industry offers endless growth opportunities. Whether you’re launching a niche store or scaling an existing business, the future of e-commerce is bright—embrace it today! From Walmart and Target, the world has moved on to Amazon, eBay and Alibaba. As the Internet conquers the world, people are ditching brick and mortar and are moving towards shopping on a click. During 2018, people shopped worth $2.86 trillion on the web, and this figure is expected to reach $4.8 trillion by 2021, which is huge. Brick-and-mortar, on the other hand, is losing its charm. This can be seen from the fact that Circuit City, Kmart and Radio Shack have all filed for bankruptcy. Moreover, whatever is left of the brick-and-mortar is also digitally influenced, which is why they are going mobile. JD.com, the world’s second-largest e-commerce business has partnered with Walmart to create a new retail concept, 7Fresh. At 7Fresh, you need an app installed on your phone because you need it to scan the products and make the payment. Given that the entire world is shifting towards e-commerce, it only makes sense to jump on the e-commerce bandwagon if you are looking to invest in a business. If you are not yet convinced why e-commerce is a good investment opportunity, then here are some reasons that might help. 1. The world is shopping online The most convincing reason is perhaps that the world is now shifting towards online shopping. People now have a lot of options in terms of variety and pricing at the click of the button. Forecasts show that by 2021, around 2.14 billion people are expected to shop online, up from 1.66 billion in 2016. 2. Easier to build Prada, Gucci, Louis Vuitton and all our favorite brands have been there in the market for many years. They have invested a lot of time and money to be where they are today. With e-commerce, however, the process is quicker; with the minimal investment, you can grow by leaps and bounds. The online retail giants are the living proof that the online world is full of possibilities. Amazon started as a mere bookseller, and today it has more than 12 million products. Moreover, e-commerce tools today are a lot better and less costly. The selling platforms and marketing tools have made it easier for an inexperienced person to start a business online. The only hurdle that you may face is deciding the product that you have to sell and whether you have to sell a range of products like Amazon or focus on a single category. Selling everything and anything may seem appealing. However, it comes with its own set of problems. Amazon did not get there in a day. Hence, we recommend you focus on a narrower range of products. 3. Location doesn’t matter The biggest drawback of brick and mortar is that you need a good location to generate sales. Your store has to be located where your target market lives. If you are selling a premium product in a middle-class area, chances are your store will close down in a few days. Other than that, you have to keep several factors in mind, such as parking issues. With e-commerce, you do not need to worry about all of this. You can sell to anybody who wants your product. Moreover, it is easier to establish your sales internationally, as well. 4. Easy to keep a tab on customers With an e-commerce store, you can easily see what your customers like...
Posted by Managementguru in How To, Marketing, Social Media, Strategy
on Mar 14th, 2019 | 0 comments
How To Measure Instagram Marketing ROI & Establish If It’s Worth Your Money Instagram can be a highly effective addition to your business. As a marketing tool, it’s great for driving engagement, increasing sales, boosting brand recognition, and much more. But looking beyond all the fuss, how do you know if it’s actually worth it for your business? Read on to discover how you can measure your Instagram marketing ROI and determine if it’s worth your money in 2019. Recommended readings: Which Digital Channels Deliver the Best ROI? “In this Shopify stores study Artem (from Linkshero) compares 100 Top-tier Shopify stores with 50 SME-type Shopify stores and puts them against 7 factors such as average load speed, list building efforts, average number of dofollow referring domains and more. Check it out!” https://linkshero.com/shopify-stores/ What is ROI on Instagram? It has historically been difficult to measure the ROI of social media in general, and Instagram is no exception. However, it is possible to get a good idea of how successful your Instagram marketing actually is by comparing the initial costs against your SMART objectives. The initial costs of Instagram marketing are relatively simple, in their most basic terms: Time: the working hours needed to administer your Instagram strategy. Cost-per-click: this will vary depending on how much you want to pay to get your sponsored posts ad seen (and even if you want to go for a paid ad campaign). While the costs of an Instagram marketing campaign are fairly easy to track, monitoring the outcomes are a little less straightforward. With most social platforms, results are viewed in terms of likes, shares, and comments — rarely as actual sales. And while Instagram’s Shoppable posts make it easy for you to track, it’s less easy to monitor sales from outside the platform but informed by your Instagram marketing. However, using SMART goals can help you evaluate your Instagram ROI with a firm footing. These goals are: Specific: what is your goal? do you want more mentions? Followers? Increased sales? It’s down to you, but be specific about the end result you want to achieve. Measurable: how will you measure your goal? Think about the metrics you will use to identify this. Achievable: what do you need to achieve your goal? What resources, tools, and skills are required? Relevant: is your goal aligned with the overall goals of your business? It should be relevant to your brand. Time: how long will your Instagram marketing campaign take? Set a clear deadline so you know when you should begin measuring your success. Setting SMART objectives as outlined above gives you a strong idea of how successful your Instagram marketing actually is overall. SMART objectives Let’s break down your SMART objectives in terms of Instagram and establish how you can measure your Instagram marketing ROI. Specific Before you do anything else, you should establish exactly what goal it is you want to achieve. Without this, you won’t know the steps you need to take to achieve it. The goals you might be working towards include: Followers Mentions Sales Email subscriptions Of course, these are just a few potential goals you might choose to work towards. There is no right or wrong goal — just choose the one that best serves your business needs. Measurable Once you’ve established your goal, how will you measure this? This is largely tied to your specific goal, and it might be easier for some goals than others. For example, if you want to get more followers, there’s really only one way to measure that. If your follower count increases, then you’ve nailed it. But let’s say you want to see...
Posted by Managementguru in Business Management, Marketing, Sales, Social Media, Strategy
on Mar 14th, 2019 | 0 comments
What Small Businesses Need to Know About Developing a Brand? If I asked you the name of your business, you could probably respond without a second thought. But what if I were to ask you about your brand? What is the story you would tell, the mission you want to achieve, and the unique characteristics that set your business apart from your competitors? You’d probably need a bit more time, but it would be time well spent. Branding is a powerful tool. It can turn first-time customers into loyal followers and long-time customers into word-of-mouth marketers. Branding, when done masterfully, is the reason we apply “Chapstick” to soothe dry lips, eat “Popsicles” to cool down on a hot day, and “Google” the answer to life’s most pressing questions. Needless to say, brand identity is an important component to your business. Picture Courtesy : 4 Compelling Brand Stories You Should Be Telling How Can You Grow Your Brand? Its clear brand development is important, but how do you build it into your marketing efforts? There are numerous answers to that question, but the following often represent the most common and impactful way to increase brand awareness: Content Marketing: In many circles, content is considered the leading way to do everything from improving organic search results to, as you guessed it, increase brand awareness. Through this method, well-curated articles, blog posts, videos, white papers, etc. are used to increase brand credibility. Content is then distributed through various channels, including email, social media, and on the brand’s website or blog. Picture Courtesy: 18 Types of Content Marketing You Can Use To Grow Your Business Ultimately content works to show your brand as a source of knowledge, whether it pertains to industry trends or customer needs. Social Media Advertising: Social media allows business owners to leverage posts, shares, stories, and comments to engage directly with existing and potential customers. While much of that interaction is free, there are additional paid advertising options that can help small business owners take advantage of social media advertising to increase reach. Picture Courtesy: Best Social Media Management Tools – No More Social Media Babysitting Many social media platforms, including LinkedIn, Facebook, Twitter, Instagram, and Snapchat offer paid advertising opportunities that base ad placement on user data. This can place your brand in front of a specific audience base or target user. Charitable Initiatives: Companies like PetSmart, TOMs, and REI have long attracted customers through their dedication to philanthropic initiatives. By doing so, they’ve associated their brands with a specific mission – helping pets, clothing children, or saving the environment. When “giving” initiatives are leveraged correctly, they highlight your brand’s mission and show your commitment to goodwill. As such, your brand gains notoriety among audiences that share similar interests or philanthropic goals. Picture Courtesy: Top 10 Best Free SEO Tools To instantly Improve Your Google Ranking in 2019 Search Engine Marketing (SEM): Today, SEM refers to any type of paid search efforts and has become an umbrella term used to refer to pay-per-click (PPC) and cost-per-click (CPC) marketing strategies. Through this method, you purchase ad space on search engine result pages (SERPS) on Google, Bing, etc. Instead of ranking organically for specific keywords, SEM allows your brand to show up at the top of a SERP, presenting your brand to highly targeted audiences. You Know How to Grow It, But How Do You Pay for It? While each of these methods can help you increase brand awareness, they often come at a price. Social media and SEM ads are often paid promotions that are based on the number of clicks. Content...