Well-respected brands can charge extra for their products. Ever since there have been mass media, that has been true. That’s why Coca-Cola costs more than a store brand. That’s why Nike sneakers cost so much. Any business, even yours, that makes a name for itself can use its good reputation to charge higher prices. This can go to extremes. Some of the biggest names can charge premium prices that seem to be exorbitant, but they can keep on selling at these prices, anyway. Foster Kamer has looked at this phenomenon, particularly in regard to Apple’s ability to charge prices that... [...]

On the Quora website, someone asks, “What are your 10 laws of making money online?” I think all our readers would be interested in this topic so I have written a response. The first point is that the online laws are about the same as the offline laws. For example, persuasive writing is about the same. The steps of attracting a customer are the same, in principle, although new tools may be used to present the information. The old acronym, AIDA, still holds true. You need to create, in the mind of the reader: • Attention • Interest • Desire • Action But I need to step... [...]

AM Khan reports that this year in May, Google made some changes to how ad rotation works in AdWords. After 30 days, AdWords would optimize to show higher-performing creatives.  Responding to user concerns, Google announced yesterday that it has made some additional adjustments to its process. It will expand the even rotation period from 30-days to 90, so there’s a longer testing window for new ads. Google is also offering an opt-out option, so advertisers can continue to have their ads rotate evenly indefinitely. If you want to opt-out of the rotation setting, there’s a form here. Continue... [...]