Once in a while, I discuss about topics other than investing such as THE HINDU’s website design at foreign source and my thoughts about it. That particular post resulted in passionate discussion on both side of the aisle. There was one theme that seemed to be echoed by quite a few commentators, and that was; there are companies and entrepreneurs that are focusing on developing products. Many entrepreneurs are in fact attempting to develop solutions for Indian consumers. Continue reading rest of this article…
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Social Networking: How It is Relevant to Me?
Social Media is a new buzz in business circles and marketing machinery. If you have an email address and read popular news articles on internet, then it is hard for you to avoid the talk of social media. It is the new in-thing in today’s World Wide Web. There are many different connotations of social media such as social is influence marketing, social is conversation, social is inbound marketing, social is permission marketing, social is community, and many more. At a fundamental level, it is nothing but organization of social groups. I think of it as similar to group of people in our building, our society, our group of colleagues in work place, etc albeit much larger now. One aspect about such web based social groups is that we may not know folks in our society (physically close), but many of us will probably know much more about somebody we have never met.
Naysayers view it as irrelevant because there is lack of privacy, you should not pour your soul into public, has no ROI, its nothing but new tool for marketing, and it is just a platform to keep in touch. Yaysayers view it as new trend in modern society, it is a new marketing opportunity, they want to leverage the presence of large number people, it is where the customers are, that where most of the conversation is taking place, and many more such arguments. Continue reading rest of this article…
Simple Blog Analytics to Measure TIPBlog’s Progress
It has been almost 10 months now since I have started this blog. It started as means to share my journey and also to keep track of investment data that I generate for my personal investments. May 2009 was the last time I had discussed about traffic for TIPBlog. At that time, the blog was new and hence I presented the most cliché metrics such as number of visits and page views. In today’s post I am reviewing it again, but this time it is in the context of the metrics for social media. I am using frame work presented at Occam Razor by Avinash Kaushik (AK). AK’s reputation is; he is considered as one of the experts in Web Analytics. The essence of AK’s frame work is using trends in six key performances matrices. There is no absolute value which demonstrates success. AK suggests focusing on trends; they should be going in right direction. The six key performance indicators for measuring success of a blog are as follows: Continue reading rest of this article…
Bloggers and Blogopreneurs Debate
Sriram Vadlamani at Trak.in wrote a post on Are Bloggers Entrepreneurs? The discussion through the post seems to be demonstrating that bloggers can be considered as entrepreneurs. However, the resulting discussion in comments section trended towards showing bloggers are not entrepreneurs.
Across many other blogs, I am observing that entrepreneurism is being associated with (or related) to the personal risk and/or risk of invested money. There is a fundamental flaw in the chain of thinking. And this fundamental flaw comes from our misunderstanding of the true meaning. We take the literal meaning of the definition and fail to put entrepreneurship in proper context.
The central premise of entrepreneurism is about “risk of the idea”. The risk is associated with whether the idea solves any problem, how that idea can be executed, whether a business model can be derived out of it, or whether it can be sustained profitably. The basis of entrepreneurship does not stand on pillar of personal risk and risk of capital. These two aspects are just the enablers or facilitators. They do not, cannot, and will not drive entrepreneurship. If that were the case, then all angel investors and venture capitals would be called entrepreneurs. Buffett takes personal risk and capital risk by putting money into companies (many times distress and depressed companies), he should be called entrepreneurs! Do we call them entrepreneurs?
MoneyVidya Blogger Network – My Benefits
In yesterday’s post, I discussed how I am using MoneyVidya site to experiment and rate my investment decisions. I discussed one of my objectives of comparing long term investing with short term stock picking. I am attempting to push myself and show my readers that I am not running away from responsibility. I expect to continue on as long as the site has ability to meet my long term investing philosophy. As of today, it meets my objectives.
I joined MoneyVidya Blog Network and agreed to publish guest post or re-post some of my articles on their Blog Site. I wanted to collect some data to understand whether it has any benefits to me. I believe that an independent data set should speak (rather than me proclaiming hypothetical scenarios). I now have something to discuss with my readers.
Initially, I was very skeptical of this approach. I was under the impression, why should I share my articles on their network. Why should I let them take credit for my articles? So I said I will join as an experiment and see what happens. Continue reading rest of this article…
Determining ROI from TIPBlog