Saturday Musings – Are You Limiting Yourself?

Determining your own limitations is often necessary for your very survival but are you placing limitations upon yourself that you’ve accidentally embraced? As we journey through life there are many well meaning people that say things to us that impose limitations upon our thinking. Isn’t it time to snap the shackles of good intentions?

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A silly example of this can be a belief that you can’t sing. You may not be able to sing like Pavarotti but “can’t sing?”, I think not. It’s the rare individual that can’t actually sing but most of the population have bought into limitation that not only can’t they sing but for the sake of those people around them, they shouldn’t sing.

Have you allowed others to limit what you are capable? Such as, you have to work to pay the mortgage, so the bank now sets the limits for your own life. You can’t start that business you’ve always wanted to because of the financial risk. You have a sense that you’re in a mess and you can’t do anything without disaster befalling you.

You could believe that last statement or make decisions that break the bindings of the limitations that you have embraced for your life. Sometimes a simple decision maybe to just sell the house....

A number of years ago Roselyn and I were having a cup of tea and lamenting the fact that our two eldest children were wanting to borrow our second car all the time. Sometimes they wanted the car at the same time and we had to have the wisdom of Solomon to decide who could borrow it.

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Rawgi
I found a long time ago to not listen to the naysayers. I figure I can do anything I set my mind to . I really wanted to learn b... Read More
23 June 2018
mgilmour
Sounds to me like you're living life rather than merely existing Rawgi. As my Grandmother used to say....you only get old when you... Read More
25 June 2018
Rawgi
Thanks Michael, I am trying to stay busy. I may not get to travel, but I am happy with helping and getting my projects done. I ... Read More
25 June 2018
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Marketing Values Not Just Value

Last night I watched an interesting video which really challenged the whole notion of the way I’d thought about marketing. For me, marketing had always been about informing people about the benefits of a product/service and explaining how it’s awesome! What I’d missed in my thinking was the reason “why” a business behaves the way it does and how this concept impacts customers.

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The below circle diagram illustrates how most marketers think about their marketing activities. They proceed from the outside of “What” they do and move inwards towards “How” they do it and finally some get to the “Why” they do what they do.


Values

Pause to think about this for a second. Brochures inevitably espouse the “What” is great about a product and “How” it’s going to benefit you. There’s nothing inherently wrong with this approach other than the “Why” you made the product has been left out.

In the video, the presenter encouraged the group of entrepreneurs he was sharing with to work from the inside of the circle to the outside. Talk about the “Why” and work your way out to the “How” and “What”.

He then highlighted that both “Apple” and “Harley-Davidson” use this approach in all their marketing communications. When customers understand the “Why” they then begin to associate with the company’s values.

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mgilmour
Yes it was a Simon Sinek video. I'm not sure at this stage how valid his position is but it is definitely thought provoking. I kno... Read More
09 June 2018
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Does .ICU Have Legs?

I just received a press release from the backers of the new gTLD extension .ICU. I’ve received a lot of different releases from different new gTLDs and it was tempting to put this release in the circular out tray beneath the desk….but then a few things caught my eye that caused me to hesitate.

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Kevin KopasLars JensenFor a start, the people behind .ICU include Kevin Kopas and Lars Jensen. Both founders have massive amounts of experience in the registry and registrar space with contacts that would leave most new gTLDs incredibly envious. Combine the contacts with their unique energy and drive and you have a formidable combination destined for success.

According to the press release .ICU already has over 100 registrars selling the extension and this is growing rapidly on the back of having CentralNic providing the backend services. So it would appear that despite the inevitable ICANN delays the two founders have been very busy indeed!

And then there’s the extension itself, ICU which is an acronym of “I See you”. The first thing that came to my mind when I saw this was the blockbuster movie “Avatar” where the main character would say to one another, “I see you.” For those of you that have been living under a rock, director James Cameron, is currently filming the movie sequels so the term “ICU” will be well and truly in the vernacular.

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kosap1
@Guest - doob, It most definitely does stand for Intensive Care Unit, but also has other meanings. While I have no objection to an... Read More
15 June 2018
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Domain Investors Benefit From Global Online Advertising Trends

Each year, venerable venture capitalist firm Kleiner Perkins, releases a slide deck which has become the “State of the Union” for the Internet. Of the 294 slides, a number immediately caught my attention as they directly impact domain traffic monetisation.

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There are over 3.6B Internet users in the world which represents 49% of the world’s population. The growth in the number of new Internet users getting online is slowing from 12% in 2016 to 7% in 2017. Eventually, you would expect the rate of growth to asymptote at the rate of population growth globally.

What this shows is the Internet is the single largest marketplace in the world and more than that....it's accessible by everyone. Natural type-in domain traffic should continue to increase at similar rates to the overall growth rate. User sophistication and technological innovations will and has impacted this rate of growth. The challenge as always been how to best remove the junk traffic from the real traffic.....more on this in a future article.

Internet User Growth

Internet advertising spend for 2017 in the USA continued to move upwards by 21% to a peak of $88B. Since the growth in the number of online users in the USA is almost flat the value per user from an advertiser’s perspective is continuing to increase. This will place an upward pressure on EPC rates and make domains with traffic that much more valuable.

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Domain Traffic Monetisation Continues to Grow

For those of you that listen to the naysayers and believe that monetising your domain traffic is dead then think again. The reason why domain traffic continues to be valuable is because advertisers want to reach potential customers.

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This demand for quality traffic has continued to increase while the volume of high value traffic has decreased as domains were dropped. Since the supply is diminishing and the demand increasing then the price paid for the traffic has gone UP over the last few years.

The question has to be asked, “If the price being paid by advertisers is going up then why are most domain investors experiencing a decline in their traffic based revenues?”

The answer is really simple. The advertising aggregators (of which Google is the largest) is taking a bigger slice of the pie. Ask yourself a really simple question, “How much of your earnings are exposed to Google?”

If the answer is “a lot” then don’t be surprised by the decline in your earnings. Albert Einstein said the definition of insanity is doing the same thing and expecting a different result. Are you doing the same thing as you’ve always done?

So how do you get an improvement in your results? I like to think about this in a similar manner to the gold rush. Many years ago, a farmer stubbed their toe on a rock, only to discover the rock was a nugget of gold. This was like the first domain investors monetising their domain traffic. It was an awesome time of easy money!

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mgilmour
That is true. What Google does have is a breadth of advertisers. I think this competitive advantage will be eroded over time but i... Read More
30 May 2018
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