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Category Archives: Blog


So What “Really” Happened To and What’s Happening With MySpace?

MySpace, a founding father of the social media movement, suffered a major decline in membership from the 2008 to present resulting from a range of poor decisions. It was soon overtaken and surpassed by Facebook which had the opportunity to learn from the former social media mogul’s mistakes. There is a lot of speculation as to why MySpace experienced such a massive exodus, but it is no mystery.

One of the major reasons for MySpace’s failure was lost control of their advertisements in the pursuit of monetization, creating a very unpleasant user experience ridden with ads. This is not to say that Facebook isn’t trying to monetize. But if you look at their designated ad space, located on the right hand side, you’ll notice that the advertisements are small, subtle and do not interfere with experiencing the site. Facebook ads are also targeted, meaning they populate with ads that are relevant to your needs or interests, based on your web search trends.

On MySpace, ad placement lacked subtlety, and many times, taste. The sheer amount of ads made the site slower and more difficult to use. Spammers were incessant; vandalizing innocent user profile pages with unwanted comments and unauthorized advertisements. Unlike Facebook, MySpace allowed raw HTML coding which gave the ability to embed malicious scripts within the page. In layman’s terms, security and browser stability were heavily compromised while using the platform.

The second major reason for the MySpace decline is they rarely evolved the service; it became stagnant and boring. Long-time Facebook users will witness several new layout and interface changes every year, put in place to improve user experience. One of Facebook’s most obvious and more recent changes was the introduction of the “Timeline” feature which made re-visiting particular years in your history possible in a single click. On the old layout, reverting to past years would take several clicks of the “see older posts” button. This could take a very long time depending on your level of Facebook activity. A few other examples of evolutionary features on Facebook since its launch are status upgrades, the integration of third party apps like games, “like” buttons, marketplace and mobile integration. These added features make Facebook more engaging, universal, and fun!

What do we learn from MySpace’s decline? That it’s important to be an innovator; to constantly evolve and grow. It’s important to serve your users/customers and accommodate their needs above all else. Could Facebook meet the same fate as MySpace?

Well, we may not have to wait to find out. Could it be that MySpace truly learned from it’s own foibles? Rebranded by a Timberlake-driven musical look and feel, it seemed in early 2013 that the missing caterpillar of social media was about to reemerge from a chrysalis to re-captivate fans with sparkling wings and effortless flights of harmonious fancy. A hesitant, albeit interested, anticipatory crecendo of “Oh, MySpace is back,” began to echo through the halls (at least the virtual halls of tech blog institutions.)

February came and went with many offering opinions. Some said “masterful,” others, “innovative,” while others reserved judgement while keeping a key eye on the user. Then, March and April came and went. Now it’s May. How do you like that new feature they just introduced? You know the one that allows you to … nevermind.

Sure, some patience might be necessary to see ground being gained in what is surely a colossal case of re-branding. But don’t you think the needle should have moved even just a little bit since then? Just a little?

While we still chuckle about the struggles of Google+ we never really give up on it, because Google is, well, Google – a Company that we seemingly cannot live without. So, we wait until they make good with their social media efforts. And if they don’t, that’ll likely be okay with us too.

But what about New MySpace? Well, say for example Google shuts down Google+ and then re-introduces it with the name “New Google+” after a significant time away? Exactly. Are those crickets we hear? And THEY’RE Google …

That being said, no reason to pen New MySpace’s obitiuary quite yet. I mean, would anybody bother to read it?

I guess the lesson here is simple, “once you’ve got it up, keep it up,” at least in the world of technology. With so much success and innovation to choose from, audiences have little time, and even less interest, to share with old friends who really don’t even look the same as they did in “the good old days.” The new days are fresher and  a lot more interesting.

Res Firma Mitescere Nescit

 

 

 

 

Don’t Lose Customers When Moving Your Business

Relocating your business is a complex process, with a million and one details to take care of. Among other things, you have to contact service providers to discontinue service at the old location and start up at the new one. Then there are changes to your letterhead, stocking up on new business cards, updating contact information on your website. As you pack up old records and everything else you have in storage, one detail nags at you. What is it you’re forgetting?

That’s right—doing everything you can to retain your valued customers before, during and after the move is complete.

7 Ways to Make Customers Come Back

Good customer service turns one-time customers into loyal fans and increases the likelihood they’ll brag about you to their friends. This word-of-mouth advertising ranks among the most effective, yet elusive forms of promotion. Beyond satisfied customers contributing to your overall success, superb customer service prevents unhappy customers from spreading word of their displeasure.

Turn your patrons into your company’s biggest fans with these seven easy tips:

Greater Hudson Bank Signs Partnership with Newtek

Greater Hudson Bank, with locations throughout the Hudson Valley, and over $300 million in assets, has agreed to partner with Newtek Business Services, Inc. The goal is to finance independently-owned and operated businesses in the marketplace with small business loans that range from $50,000 to $5 million to continue to help the local economy grow and create jobs.

Greater Hudson Bank is committed to helping small businesses grow and prosper throughout the Hudson Valley,” stated Basel Rabie, SVP, Retail Banking Officer. “We are excited to partner with Newtek as we feel this partnership will allow us to provide even more options to assist and support our local business clients, especially during these tough economic times. Our goal is to be the Banking Choice in the area and offer services that our customers need and benefit from,” Rabie further stated.

The SBA Sees the Sense/Cents in THIS SBA’s Product

Yeah, we know, there are two of us. Well, sort of. There’s the Small Business Administration and then there’s Newtek, The Small Business Authority. At Newtek, we are known to provide innovative and affordable products designed to improve the experience of small business owners across the country and the world.

This morning, the Small Business Administration published an insightful blog touting the benefits of tablet-based POS systems. And they’re right on point. For many small business owners, you cannot beat the savings or the versatility.

URGENT: Security Advisory for All Internet Explorer 8 Users

The FBI has issued a high-level security advisory regarding a Microsoft’s Internet Explorer 8 (IE8) vulnerability that could allow cybercriminals to hijack users’ computers, remotely. Again, this is considered an extremely high-risk issue and the Better Business Bureau (BBB) is providing a sequence of cautionary measures that may be taken by IE8 users to protect themselves and their machines from dangerous criminal conspirators.

To read more about this urgent security matter, and to access the link to the BBB’s list of recommended security steps to protect IE8, click here.

How to Get Your Press Release Noticed

There’s an art to writing a press release, but you don’t have to be a veteran journalist to pull it off. The key is understanding who your audience is and crafting a document that’s compelling, informative and easily understood. When it’s done right, there’s no better resource for promoting your business—and for the most part, it’s free.

Here are tips for getting your press release noticed and distributed:

LEADERSHIP: Indispensible and Misunderstood

Like you, I grew up learning from those nearest to me. As we approached adulthood, each of us developed a value system to steer our own special course through life. Experience and knowledge followed, and before long, circumstances placed us in a unique position from which others could benefit from our abilities.

So, what is this “unique position”? For most it is defined as management; and for a very few, it is known as leadership. Often, and mistakenly, managers and leaders are each thought to define the other: a good manager is necessarily an effective leader; a successful leader has mastered the art of management. Perhaps not so. To proceed, let’s start with the skill set you understand best: management.

Newtek Reports 43% Increase In First Quarter 2013 Net Income

Today, Newtek reported its financial results for the quarter ended March 31, 2013.

First Quarter 2013 Consolidated Highlights:

  • Consolidated pretax income was $2.2 million; an increase of $569 thousand, or 34.8%, from $1.6 million in the first quarter of 2012.
  • Net income attributable to Newtek Business Services, Inc. was $1.5 million; an increase of $433 thousand, or 42.5%, from $1.0 million in the first quarter of 2012.
  • Modified EBITDA was $4.4 million; an increase of $1.3 million, or 41.9%, from $3.1 million in the first quarter of 2012.
  • Diluted earnings per share (“EPS”) were $0.04, a 33.3% increase over $0.03 per share in the first quarter of 2012.

A Net Loss For Small Businesses

The Senate will vote today to pass the Marketplace Fairness Act, an Internet sales tax bill. If this bill passes, online retailers will be required to collect sales taxes for the state where they ship goods. Previously, stores were only required to collect sales tax on goods shipped to states where they have a physical presence, however now state governments would obtain the ability to collect an Internet sales tax from businesses headquartered outside of their respective state borders.





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