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May 27, 2008 2:40 pm |
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re: re: Helping You SELL Yourself and Your Website. [Morpho Board] |
Eileen Brown
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Hello Mitchell and Chicken Scratchers.
Business Consideration #1 - Mitchell Allen
Let's see what we have to consider here.
morphoboard.com - the gaming site - home based. morphodesigns.com - blogging - home based. morphodesigns.net - hosting now - home based. morphogreetings.com - send out cards - MLM
Three distinct companies with different objectives. Do you have a business plan in place for each one? I am considering morphodesigns as one company even though it has two urls. Many companies have multiple urls for their one entity.
Multiples of this type are not all that uncommon. Are you selling very much hosting? My first thought was to use the morphodesign url for the "mother" company but that does not fit with pushing forward for morphoboard (game).
I have looked at this problem several times since your post and think what you might want is one more company and url. Horrible thought, isn't it? Because of the diversity of these companies, a real "mother" company (you) might be the way to go. When you feel yourself at the top, looking down on all three, which is your favorite? I'm thinking it's morphoboard from your post. I've been in the spot where you are several times as branch's of my own businesses grew branches of their own. This is looking at the overall problem, trying to get the BIG picture. Something to consider.
IF you consider a Mother Corp: • Choose a business model that fits your lifestyle. You have three distinctly different businesses and a business model is already somewhat in place, for each one. I am thinking "home-based business" is that model, even for send out cards which is MLM, right?
Because of the different areas these businesses encompass, this should be fairly obvious. Each of the three requires a certain amount of dedication and hours spent to make it go.
Pro: Low start up cost (you've done that) and scalability. Con: How much time can you devote? Time is a big factor here.
• Business plan is next. (mother company - you) Putting an overall business plan on paper should open some avenues for you. Either put a 'filing cabinet' in your head with four files or four files on your computer (or make four real file folders) and look at them. See that list up there, at the beginning of this post? I am thinking that the alphabetical order is also the order of importance you have in mind. The business plan I am talking about includes all three business. We're speaking of a mother company to manage all - morphoinc; morphova; morphousa; morphomitch - something of this nature. The mother company is YOU and you have to see yourself managing all three companies - get the overview. This new mother company is where you should have links and descriptions for the other websites/businesses.
Notes: • You will need another logo - mother company. • You need to decide how much time you can devote to each business.
You can drop three businesses and work on one for a bit of time or you can schedule days of the week for each business. But IF you decide on a mother company - get that in place FIRST.
Back to those four files and overview. Keep marketing in mind. If you promote the mother company, you will be promoting all your businesses. Where appropriate you should promote the individual businesses. Make marketing notes in those four file folders too.
This is ONLY ONE solution suggestion. Overview only. We can get down to the nitty gritty when you have either the four companies lined out in their separate file folders (you knew you were going to have to do this, right?) and begin looking at websites and where you are with those.
Any suggestions from other members on this? We are just starting out with Mitchell's overall problem. Don't jump the gun and confuse the issue with too many details until we have the business overview decided. Thanks!
Eileen :D
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