Michael Gilmour has been in business for over 32 years and has both a BSC in Electronics and Computer Science and an MBA. He was the former vice-chairman of the Internet Industry Association in Australia and is in demand as a speaker at Internet conferences the world over. He has also recently published his first science fiction book, Battleframe.

Michael is passionate about working with online entrepreneurs to help them navigate their new ventures around the many pitfalls that all businesses face. Due to demands on his time, Michael may be contacted by clicking here for limited consulting assignments.

Interview with Stevan Lieberman

Interview with Stevan Lieberman

Stevan Lieberman is well known to the domain industry in his capacity as an intellectual property lawyer. What not many people know is he is also an investor and entrepreneur.

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In this interview Stevan shares about some of his investments and the progress he is making with his latest business - Digital Candy. I hope you enjoy watching the video as much as both Stevan and I did sharing from one side of the world to another.

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Personal Musings - Being Generous...

Personal Musings - Being Generous...

It’s that time of year, where the tree is trimmed and Christmas is in every shop window enticing us to buy, Buy, BUY! Despite the commercialisation of Christmas there is an underpinning of good-will and generosity that permeates the air. So what is generosity and why is it so important?

For a start, people often view generosity as something that involves money. This is only one of the facets of generosity and depending upon your circumstances it is often the easiest one to enact. There is no reason you can’t be generous with your time, your attention, or your love. Generosity is more of an attitude of life rather than doing something at a point in time.

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For example, there is nothing worse than talking to someone that is constantly looking at their phone. They are being a miser with their attention as they constantly tell you that someone else is more important than you are. It’s also just plain rude.

If a person is to be generous then it must be an act of free will. This seems obvious but have you ever been to a restaurant with someone where they’ve waited for you to pick up the tab? They’ve essentially stolen the joy of being generous by manipulating the situation for you to pay…..not cool.

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Being Focused

Being Focused

One of the biggest challenges many businesses face is deciding which opportunities they should focus on and which they should leave for another day. It’s so easy to become seduced by one opportunity after another, only to find that none of them are concluded and their value isn’t realised.

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Over the years, I’ve watched a number of businesses go bankrupt by mismanaging opportunities and becoming confused over what they should be working on. The owners didn’t make the difficult decisions to shelve a great idea, not do some development or say no to a fantastic potential partnership.

If you find yourself surrounded by opportunities and wondering which one you should pursue then there are a number of questions that you may wish to ask yourself. By addressing these questions then you’re very likely to gain a clarity to your thinking that will help you make wiser decisions.

Why am I in business?

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Saturday Musings - I'm Exhausted and Loving It!

Saturday Musings - I'm Exhausted and Loving It!

Have you ever worked so hard that you literally fall asleep at the keyboard? Well, that was me this past week. In the wee hours of the morning I awoke to the uncomfortable feeling of the “A” key pressed into my cheek. So what spurred me into this fanatical desire to work myself into a stupor?

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It all began with an idea. Ideas are very dangerous things and normally should be avoided at all costs but in my case I made the mistake of letting my idea germinate. I couldn’t stop thinking about it so I took the next step in my journey into oblivion….I picked up a pen and sketched on a piece of paper how the idea could theoretically be built.

The problem with this stage is the idea was really beginning to take shape. This of course made my singular focus even worse as it became an all-consuming fixation of seeing it come into reality. In some-ways it reminded me of Victor Frankenstein prior to throwing the switch to seeing his creation come to life.

I’ve said this to the ParkLogic tech-team and I’ll write it here. There’s nothing more dangerous than a person (ie. me) with some rusty old tools, a plan, and a vision. So I dusted off my programming skills and got to the work of breathing some life into my idea.

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Part 3 - The EPC Opportunity

Part 3 - The EPC Opportunity

The formula outlined in the previous two articles on EPC looks a little scary but whether we like it or not it is THE formula upon which a huge amount of the domain investor community swings. Understanding how it can impact your business actually isn’t rocket science but requires a little intuition. Here is the EPC formula in its entirety.

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EPC Forumla

 

The formula now incorporates the advertisement clicks and also the Monetisation company filter in the denominator. What it does clearly show is the closer you can get to an advertiser the higher the payouts.....no surprises there! The goal is to effectively eliminate many of the margins on the top line and potentially remove one of the multipliers in the denominator.

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