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Have a (Virtual) Cup of Coffee with Me

Have coffee with meUpdate: The 100% free session will be streaming LIVE on YouTube (details to follow after you sign up below)

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I love meeting new people (and connecting with old friends) over a nice cup of hot coffee.

I also love sharing stuff that I learned about entrepreneurship that will help you make more money on the side.

So on Saturday, May 11, 2013 at 9:00am Eastern time (i.e. Boston time), I’m hosting a 1 hour virtual session to do both.

If you’re interested, read on.

What’s the 1 hour session about?

I work on a lot of side projects during my free time.

One of my side projects has made me over $2,000 before I even started working on it (it’s an online course that I teach). The session will be about the steps I followed to sell an online product before creating it.

The session is divided into two 30-minute parts. The first 30 minutes will be an overview about how I did it. The second 30 minutes will be an open Q&A session where you can ask me anything you want.

The entire hour will be very informal. I won’t have any slides to share. Just me and my pretty face talking through what I did as I sip on my cup of coffee :)

How can I attend?

I’ll be using Google Hangouts. After you sign up, I will send you a link to join (if you’ve never used Google Hangouts before, don’t worry, it’s really simple. Here’s a link about how to use it).

I’m going to have my webcam on, so you will see me through video. I’ll also be asking everyone to turn their cameras on so we have a fun time (even though it’s not required that you have your own webcam, it’ll be a lot more interactive that way).

Is there a limit on the number of people who can attend?

Yes. Apparently, Google Hangouts can handle a maximum of 9 participants at a time. So I guess that would be the limit (however, make sure you sign up anyway even if you think that the limit has already been reached – I might be able to work something out if more people are interested).

What do I need to bring with me?

Nothing. Just you, your internet connection (with a webcam & microphone), and your favorite cup of coffee or tea.

How can I sign up?

Click on this short form and fill in your name and email address to let me know you’re interested (your email will not be shared with anyone).

Looking forward to chatting with you!

 

How IKEA Makes you Buy: The Gruen Transfer

How IKEA makes you buy

I learned a new term a few days ago: The Gruen Transfer.

It’s the effect that happens as soon as you arrive at a shopping mall, and you get bombarded by so many confusing layouts, colors and products that you forget what you were originally there for.

The result is that you slow down and you become an impulsive buyer.

Consequently, you spend more money than you were planning on, and end up with a few products that you didn’t really need in the first place.

The Gruen Transfer is exactly what hits me every time I go to IKEA.

It’s like a black hole that sucks me in until I realize I spent three more hours and at least a hundred more dollars than I originally planned on.

The effect is named after an Austrian architect called Victor Gruen, and his design strategy was to intentionally manipulate shoppers by disorienting them as soon as they arrive to a store.

I started thinking about the different techniques that IKEA uses to maximize the effect of the Gruen Transfer on me, and here’s what I observed:

 

1. Welcoming Displays

As soon as you walk through IKEA’s front doors, you get a sample of a few standalone displays. One is a kitchen, another is a living room and another is a bedroom. So if you were planning on just buying a couple of bed sheets, you’re going to look at the dishes on the kitchen counter and get a mini case of amnesia.  IKEA even makes use of high walls and also uses those for displaying additional sample closets or drawers to throw you off.

 

2. Single Path

Any IKEA store you visit will have a single route that you’re forced to walk along. You have only one way to enter, and you’ll have to look at EVERYTHING before you get to where you want to get to. Along the way, you will be bombarded with even more disorienting layouts in the showroom – large items, small items, color mixes, vase here, picture there – that keep the Gruen transfer working. Although you can technically take shortcuts to avoid that path, they are hidden in a stealthy way (you can find the shortcuts on the store map that you can carry with you).

 

3. Special Offer Baskets

If you do take the shortcuts, IKEA penalizes you by doing a very sly thing. They have special offer baskets with fantastic deals (such as lighbulbs or batteries) that are spread along the original path. As one professor at University College London stated “…because the lay-out is so confusing you know you won’t be able to go back and get it later, so you pop it in your trolley as you go past.” So those great deals are not only designed to make you spend more, but to also keep you in check like a subordinate soldier.

Sneaky, sneaky IKEA.

I still love you though.

I Met the World’s Smallest Woman (4 Lessons in Marketing)

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A few months ago, I met the world’s smallest woman at a carnival in Florida. I also learned some very powerful marketing lessons. Here’s what happened. During this past Christmas vacation, my wife and I took our daughter to Santa’s Enchanted Forest, a dazzling Christmas theme park in Miami. It was a lot of fun [...]

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How the “Harlem Shake” Guy is Making Money

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Love it or hate it, the “Harlem Shake” YouTube meme shows no signs of slowing down. Everyone from Jon Stewart to the Norwegian Army has made those silly 30 second videos. If you don’t know what the Harlem Shake is, it’s basically a video clip that starts with a masked person dancing alone for 15 [...]

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How Creative T-Shirt Advertising Creates Buzz [Video]

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I put together this video to show you how Cisco (the company I work for) has used Augmented Reality to create buzz with its new advertising campaign. The example I go through is about the T-shirt that I’m wearing, but this technology is currently being used with other print media, such as magazines and newspapers, [...]

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Lessons on Success from the #1 Sushi Chef in the World

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Jiro Ono is the first sushi chef in the world to get 3 Michelin Stars. To put things in perspective, a restaurant with 3 Michelin Stars means that it’s worth making a trip to an entire country just to eat at that restaurant. So when I first heard about Jiro, I imagined his restaurant to [...]

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How I Made $318 within 1 Hour of Launching my eBook

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When I published my eBook – “How to Design the Ultimate Home Office” – around a year ago, I made 32 sales within one hour of launching it. The total dollar amount was $318. While $318 is not a crazy amount of money (I know some entrepreneurs who make 100 times as much in a [...]

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5 New Year’s Resolutions Every Entrepreneur Should Make

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Bronnie Ware was a nurse who cared for dying patients. Her job was to look after people during the last few weeks of their lives, and she learned a lot about what they regretted before they passed away. Earlier this year, she published a post on her blog about the common regrets of the dying, [...]

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The ONLY Thing That Matters About Your Business Idea

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I have failed at so many business ideas. Some of those failures were minor, but others were major disasters (I’ll tell you the story of a $30,000+ loss some other time). After every single failure, I learned a new lesson. And after a few of those lessons, I started to see some patterns. I’ve also [...]

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3 Entrepreneurship Lessons from my 3 Year Old Daughter [Video]

This is the final video presentation that I gave at Harvard for a course I’m taking about public speaking. It’s about the lessons learned from my 3 year old daughter (who I consider is a great mentor), and how those lessons have helped me become a better entrepreneur. Click play below to watch the video.   [...]

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