Postal Service Moves Ahead with Massive Clossures

“We simply do not have the mail volumes to justify the size and capacity of our current mail processing network.” And with that, the Postmaster General dropped the ax on 232 mail processing centers around the country.

We’ve seen it coming for awhile, but the Post Office is such a staple in our world that I don’t think any of us really expected to see it fail. Then again, think about all the things you don’t mail anymore. Letters to friends and family have become emails, ecards have taken the place of invitations and announcements. Bills have gone “green” and banks no longer mail statements. The only upticks come from online retailers but even they have options other than going Postal.

Today’s press release states that the US Postal Service will have a $14 billion net loss at the end of this year. To stop the hemorrhage, they will close 140 processing centers by February 2013. That will likely be followed by another 89 closures in 2014. You can see a list of the centers here.

What this means for the average person is that mail delivery will take a little longer if you’re sending it out of your local area. 80% of First Class mail will still be delivered overnight.

What this means for the online retailer is you might have to start shipping via UPS or FedEx if you want to guarantee fast delivery. This is a tough spot because we know that shipping is a big factor in ecommerce. Shipping fees can make or break the sale and during the holidays, timing is extremely important.

In the end, we’ll all find ways to muddle through because it’s what we do and that includes the 13,000 employees who will be let go as a result of the closures. Maybe they all get jobs online.

For more information, visit the “Our Future Network” section of the US Postal Service online newsroom.

 



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Small Business Owners And The Estimated Tax Payment

For new small business owners, meeting your tax obligations is a big adjustment – particularly when you’ve been used to having an employer take out income tax withholdings with each paycheck. When you have your own business though, tax time isn’t just once a year; rather you have to make estimated tax payments throughout the year.

Estimated Tax Payment

If you’re not sure if you need to pay estimated taxes for your business, read on to learn more about small business estimated tax payments:

What are estimated tax payments? 

Individuals and businesses are required to pay taxes over the course of the year, and not just at “tax time.” If you’re working for an employer, your employer most likely withholds these taxes for you throughout the year. When you’re self-employed or own a business, you’ll be expected to make these tax payments to the IRS and state on your own.

Who has to pay estimated tax payments? 

The rules for estimated tax payments vary based on business type:

  • For sole proprietors, partnerships, S Corporation shareholders, single member LLCs who elect to be taxed as a sole prop or an S corporation, or multi-member LLCs who elect to be taxed as a partnership or an S corporation: If you expect to owe $1,000 or more in taxes when you file your income tax return, you most likely will need to make estimated tax payments to the federal government (and potentially your state government too). There’s one exception: if your witholdings and tax credits add up to as least as much as your prior year’s tax, you do not need to made a federal estimated tax payment.
  • For C Corporations and multi-member LLCs who elect to be taxed as a C Corporation: If you own a Corporation, you will need to make estimated tax payments if you expect to owe $500 or more with your tax filing.

When are payments due? 

Estimated tax payments are divided into four payment periods throughout the year:

  • April 15th
  • June 15th
  • September 15th
  • January 15th

If your business is a Corporation, your estimated taxes are due on the fifteenth day of the 4th, 6th, 9th, and 12th month after the end of your company’s fiscal year.

Once you’re in the system, the IRS will send you estimated payment vouchers at the end of each tax year. However, whether you receive these payment vouchers or not, it is your responsibility to make payments for both the Federal and State taxes.

How to Pay

If you’re filing as a self-employed individual or disregarded entity (i.e. single-member LLC, partnership, or S Corp shareholder), you should complete Form 1040-ES. This form contains blank vouchers for mailing your estimated tax payments. You can also make your payments using the Electronic Federal Tax Payment System (EFTPS). For your state payment, you have to search online for the appropriate form, complete it and send it in with your payment.

Corporations must submit their payments using EFTPS, or can arrange for a tax professional, financial institution, payroll service, or other trusted third party to make deposits on their behalf.

How much should you pay? 

  • For self-employed individuals and disregarded entities (i.e. single-member LLCs, partnerships, and S Corp shareholders), the IRS recommends using Form 1040-ES to calculate your individual estimated tax payments.
  • Corporations should use the Worksheet on Form 1120-W to calculate estimated tax payments.

Alternatively, if you expect the current year’s earnings to be relatively similar to last year, you can use last year’s tax return to calculate your estimated payments. Or if you experience fluctuating income, you can choose to calculate your estimated taxes based on the actual amount you made that quarter.

You don’t need to show the IRS how you arrived at your estimated sum. However, it’s in your best interest to reach as accurate a figure as possible. Paying too little can result in an unfortunate surprise when it’s time to file your annual taxes, in addition to potential penalties for underpayment. Conversely, by paying too much, you’ve essentially taken money out of your business and you could have invested that money for a higher return.

If you’re unsure about your estimated tax obligations, it’s wise to consult a tax specialist who can advise you on the best calculation method for your business and how to properly track and record your earnings and deductions. Just remember the more time you invest in your estimated tax payments, the easier your life will be come tax time.


Piggy Bank Photo via Shutterstock

From Small Business Trends

Small Business Owners And The Estimated Tax Payment

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Women and Swing State Visitors Big on Facebook

Hitwise said 1 in every 5 page views in the U.S. happened on Facebook.

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Twitter Allows Firefox Users A ‘Do Not Track’ Option

Twitter may further separate itself from the social media crowd by doing something that some might think is anti-social media (at least from a business point of view). That something is allowing users to opt in to a ‘Do Not track’ mode when using the Firefox browser.

The New York Times Bits blog reports

It’s no secret that Facebook is worth about $100 billion because it collected personal data about its users. A lot of data.

Although Twitter tracks its users too — albeit in a much less aggressive way — the company has decided to take a different route. It announced Thursday that it is joining Mozilla, the maker of the Firefox Web browser, and giving its users the ability to opt-out of being tracked in any way through Twitter.

Twitter is doing this by enabling the Do Not Track feature in the Firefox browser that enables people to opt-out of cookies that collect personal information and any third-party cookies, including those used for advertising. The Do Not Track functionality will only work if a Web site agrees to acknowledge it.

Couple this action with Twitter’s recent vigorous resistance to turning over information about a user who was part of the Occupy Wall Street ‘movement’.

Because Twitter’s focus is more about the news and information that a user passes along vs. the user itself, they can play thins kind of user friendly game MUCH more easily than Facebook can. Facebook is completely dependent on the individual characteristics and data of users so advertisers can decide who they want to target. Twitter, on the other hand, is driven by keywords and hashtags which are different forms of determining what a Twitter user may or may not want to see with regards to ads.

Has Twitter found a way to further differentiate and distance itself from Facebook and even Google in the privacy realm? If yes then they have scored a rather large coup. Let’s face it, no matter what happens in Friday’s IPO Facebook will always be positioned as a necessary evil by users. This love / hate relationship is one that makes Facebook more susceptible to the whims of the individual especially if they are feeling wronged by the service (and, of course, another viable social option exists which is a big question mark).

Twitter is saying “Hey, it’s cool if we don’t have more data on you than you would like us to have.” and that is like a blast of fresh air in the day and age of ‘nothing is sacred or private in the online world.” Twitter is already different but this makes it more so and that is a very good thing for them and for users.

What’s another advantage of Twitter’s move in this direction. Well, how about having the news be “announced” by a high ranking official of the FTC? Yup, that’s the government telling an Internet company “Nice work!”. To Twitter that is priceless.

Carolyn Penner, a spokeswoman for Twitter, said in a statement, “As the Federal Trade Commission’s CTO, Ed Felten, mentioned this morning, Twitter now supports Do Not Track.” Ms. Penner added: “We applaud the FTC’s leadership on Do Not Track, and are excited to provide the benefits of Do Not Track.”

Twitter has been laying low as of late which isn’t hard to do in this Facebook IPO feeding frenzy. Maybe we should already start to ignore the IPO and see what the competition is doing? After all, unless you are getting rich from this IPO it should be business as usual and, despite the hype, there is much more to the social marketing world than just Facebook. Thank God for that.



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SEO in 2012: The Best of Times or the Worst of Times?

I don’t like trying to package everything that’s happening in our industry into a neat little box, because it’s like trying to describe the cause of the Civil War in two sentences. I’m likely to leave some things out, overstate some factors, and unintentionally offend some people. But I do think that an individual perspective [...]



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Do Interactive Agencies Have A Bloated View of Their Capabilities?

Is anyone really willing to admit that in the Internet marketing space the hype from agencies is far exceeding the reality at this point? I know it may be heretical to even imply this but I prefer to dabble in the truth rather than BS. In the Internet marketing space that point of view earns me the title of ‘contrarian’.

Well, I accept that title and look to results like those found by PulsePoint (reported by eMarketer) to further make the point. It appears that the agency side of the ledger sees their delivery capabilities in the three major areas of marketing as either ‘very’ or ‘extremely’ effective. Confidence is good I suppose but only if it’s based in reality. Otherwise it can be little more than salesmanship.

Why do I see things this way? It is just that SO many people I run into have major gripes about the ‘help’ they receive from agency providers, regardless the size of the business. The get sold a bill of goods (the same bill of goods that was drilled into a salesperson’s head as gospel) then when it comes to delivery there is a serious disconnect. Unfortunately, the way many agencies handle client engagements is in a ‘fake it ’til you make it’ mode. Delivery is done by underpaid and relatively inexperienced folks and, well, you can guess where it goes from there.

The next chart made me chuckle a bit. It shows just how confident agencies REALLY are. This chart shows the marketing priorities of these three groups. If agencies were truly as good as they claim don’t you think they would be more willing to measure results better?

The revolt by marketers and others seeking agency level help has been a long time coming and really it can’t come too soon. How many monthly retainers will it take for clients to finally yell “No mas!” and simply do the best they can in house since their results were not that much better after paying someone else?

Now, don’t think this is a blanket statement or indictment against the agency model. There are great providers out there. It’s usually the ones, however, that aren’t out there saying how good they but rather doing good work and living off referral business, that steer clear of this mess.

How do you feel about the agency side of the interactive space? What has been your experience? Are you an agency provider who disagrees with me? Then please let us know your thoughts in the comments. We can’t know unless you make yourself be heard.



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Adobe Tool Eases iPhone Content, Social Sharing

Condé Nast and Wenner Media have tested.

View full post on ClickZ News

Photos Tips for Social Media Channels

Photos Tips for Social Media Channels
Social media, what’s it all about? Well, sharing your status, commenting on the status of others, tweeting and retweeting, pinning and repining, liking stuff, oh yeah, and sharing photos. In fact, according to an infographic published by MBAOnline.com, about 250 million photos are shared on Facebook each day. That’s a lot of photos to compete with; better make yours look good.

Instagram is growing by leaps and bounds, and we can’t wait to see what plans Facebook has for it. But, everyone, including businesses, should use Instagram sparingly. It’s cool and trendy for some photos but for the majority of your images you want high quality that shows off your products or services, staff or clients.

We’ve all seen photos on Facebook and Twitter that are out of focus, too dark or too light, heads cut off; you name it. Do you share those photos? Probably not.  The smartphones used these days can take terrific photos, but only if the light is just right and you hold the phone still enough.

With the advent of Pinterest, which is image driven, companies need to improve their photography skills if they want their photos shared across social media channels. Below are some photography tips to help with the quality of your photos that you post on your social media profiles. Don’t be scared to try some of the techniques, you can always hit the delete button!

Aperture f4

Aperture f/4

Use a Tripod

You may think you can hold a camera steady, but you really can’t. Using a tripod increases the quality of your photos by a huge percentage. If you don’t have a tripod handy, then at least rest against something like a wall.

Try Auto without Flash

Go ahead and take shots with your camera on the Auto setting; but at least put it on the Auto setting without flash. The on-camera flash is unflattering is most situations, but we’ll get to lighting later.

Aperture f16

Aperture f/16

Set Your Camera on Aperture Priority

Ready, set your camera (this goes for DSLRs, point-and-shoots and some smartphones) on Aperture Priority. Now you have some control. Cameras tend to see things and over-accentuate them, so in many situations it’s helpful to tell the camera exactly how to take the picture. Aperture Priority is great for beginners as it allows for different settings that will improve the quality of your pictures, but the camera adjusts your shutter speed for you.

On Aperture Priority you set your desired aperture (or f-stop) which allows a certain amount of light into the camera. The smaller the number in the f-stop, the more light that is let in. This setting also determines your photo’s depth of field, or how much of the background is in focus. You’ll see many food photographers using this to their advantage by setting their aperture to a low number so that just the food is in focus, which sets it off nicely. Below you can see the difference between an aperture setting of f/4 (background out of focus) and f/16 (background in focus):

Check White Balance

Incorrect White Balance

Set the White Balance

You can also set your white balance when in Aperture Priority. This setting tells the camera how to interpret different types of colors, most specifically blues and yellows. As a general rule of thumb, when taking pictures inside set the white balance on “incandescent” (or tungsten), and when outside set it on “cloudy”. Below shows a photo taken outside where I forgot to change the white balance from incandescent to cloudy, so it gives it a blue-ish cast:

Be Mindful of the ISO

This stands for “International Organization for Standardization”, yes it doesn’t make sense, but there you have it. This setting tells the film (or memory card) in your camera how sensitive to be to light. We have another general rule here; for the most part you can leave your ISO set at 200. If you are taking a photo in darker situations then the ISO should be bumped to a higher number, but this you will learn with trial and error. This is where having a digital camera is great because you can keep changing the settings and looking at your result and change it again until you have what you like. Something to keep in mind is that along with changing the ISO to a higher number you also get more graininess in the photo. Here is a really helpful post from the Chookooloonks blog that explains all the components of proper exposure.

Check the Light Source

If at all possible take photos outside or near a window that provides lots of natural light. Everything looks better when it’s lit by sunlight. Using the on-camera flash creates harsh reflections and unflattering shadows where you don’t want them.

Rule of Thirds

Rule of Thirds Grid

Set up your Composition

Everyone has a tendency to always perfectly center their subject. By using the rule of thirds you can make your photos much more interesting. Here’s how it works. When you look through the viewfinder or at your screen, create an imaginary grid by dividing the scene into nine equal pieces by 2 vertical lines and 2 horizontal lines. You will want to then position your subject where the lines intersect. Some cameras will even superimpose this grid on your screen for you. An example of the grid is below; you would center your subject on either of the vertical lines:

Fix Them Up in Post Production

You should always try to get the best photos you can by setting your camera correctly when you take the photo. But you can also do a little fixing in post production. Whichever program you choose, here are some basic adjustments for the beginner that will greatly improve the overall look of your photos:

  • Crop – Too much sky or grass? Crop the photo for a nice balance.
  • Exposure – Adjust to make the photo a little lighter or darker.
  • Contrast – Play with this setting to get the best look of darker shades vs. lighter shades.
  • Saturation – With this setting you can punch up the color or tone it down.
  • Definition or Sharpness – Here you can fix your focus.
  • Highlights – Portion of the sky too light or a light source distracts from the overall look of your photo? You can turn it down with this setting.
  • Shadows – For areas that are too dark in your photo you can turn them up so you can see detail.

Don’t be afraid to ruin your photos. Make a copy of a photo and then use the copy to adjust to get the hang of it. Most photo processing programs allow you to return the photo to its original state if you don’t like the changes you’ve made.

As with anything, practice practice practice and you will soon see improvement. Social media marketing can be very successful when you share your works of art.

Do you have any basic photography tips that you’ve found helpful? Please share them with us.

Related posts:

  1. Social Media Tips for Small Businesses
  2. Social Media Day in AZ: Expressing Your Social Media Story
  3. 15 Facebook Timeline Tips to Bring You Up To Speed

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All Marketing Should Be Optimized – Geoff Livingston & Gini Dietrich

Marketing in the Round

Photo Credit: Geoff Livingston – Flickr

[Note from Lee: The growing trend towards integration of marketing and communications disciplines has brought a tremendous demand for guidance and insight. I'm happy to say that my friends Geoff Livingston and Gini Dietrich have published a new book about just that. We rarely publish guest posts but the message of integration and optimization in this book blend perfectly with our core messages here.]

One of our favorite books to come out in a long while is Lee’s Optimize. We love the three discipline approach — content, search and social — to online marketing. Without integration across all marketing disciplines we fail to understand the customer experience.

We just published Marketing in the Round on a overarching integrated communications, traditional and new, and see online as the backbone for all marketing today, on or offline.

Consider the customer experience. They weave between traditional broadcast and print media into online seamlessly. For example, someone could ride their local train or subway, see ads, surf the Internet on their mobile phone, read a magazine (on their tablet or not), or a host of other activities.

You get the point. Customer media use supersedes tactical practices. That’s true for both B2B and B2C, though as Lee points out in his book, these sales cycles are very different.

Multichannel marketing applies to traditional print, broadcast, mail and PR approaches, too. They should all be optimized for search, too, with messaging and keywords that will invoke familiarity with stakeholders regardless of which media form they are seen.

Think about it. Customers search when they are looking to find something. If you optimize online ads, content, social and SEO so that search indexes your company’s name first, then you absolutely need your print ads, direct mail, press documents, white papers and broadcast ads to use the same keywords.

A customer may not even realize it, but they are mentally associating these words — message components — with your brand. When they search, they will use the keywords, and your optimized content will naturally come up in the top results. More importantly, it will already be familiar to your customer.

Take it a step further and add your creative, ads and content to the web site in a the modern press room. Transcribe the broadcast media so the keywords are searchable. Make them shareable. and start real discussions on them. Even ask for feedback on the ads. All of your traditional content can be repurposed, optimized and indexed for social and search.

That’s why all marketing disciplines should be integrated and operate together as a collective whole. Marketing in the Round discusses selecting traditional tactics and newer disciplines like social, online and mobile. It’s about how to weave them together to achieve the common objective.

Geoff Livingston is an author and marketing strategist, and serves as VP, Strategic Partnerships for Razoo. A former journalist, Livingston continues to write, and most recently he co-authored Marketing in the Round, and authored the social media primer Welcome to the Fifth Estate.

Gini Dietrich is the founder and CEO of Arment Dietrich, a Chicago-based integrated marketing communication ?rm. She also is the founder of the professional development site for PR and marketing pros, Spin Sucks Pro and co-author of Marketing in the Round.


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Centro Throws Down Gauntlet to Ad Exchange Arbitragers

Firm launches brand exchange, says other exchanges “failed on their promises to deliver” for publishers.

View full post on ClickZ News

‘Relevancy is King’ Says Google VP at SMX London

In his opening keynote at SMX London, Amit Singhal, VP and Google Fellow, who rewrote the original Google algorithm upon his hire in 2000, said today that “Relevancy is King”. He added that Google looks at a combination of three signals (links, social, user actions) and how those signals support each other to build the [...]



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Facebook and Amex Tread on Groupon’s Turf

Deals space still looks up for grabs.

View full post on ClickZ News

Study Says Social Media Ad Spend (US) Will Hit Almost $10B by 2016

In a shocking development, a research company has chosen this particular week, of all weeks, to post their forecast for what is in store for social media ad spending in the US over the next several years. Do you think it was just dumb luck that it coincides with Facebook’s IPO ;-) ?

Hey, who can blame BIA/Kelsey for jumping on the train that is the Facebook IPO Express? Here is the picture version of this predicted US social media spend through 2016.

Let’s consider the whole Facebook IPO thingy in light of these numbers. In 2011, Facebook did somewhere in the neighborhood of $3 billion in revenue. That revenue is in total, not just in the US. What percentage of revenue is international I don’t know. Right now US users number somewhere in the neighborhood of 150 million which would be about 17% of Facebook’s total user base.

It is likely that the US market spends more than most, however, and it is fair to think that the US proportion of revenue contribution is higher than that 17% of total users. With the US numbers for ad spend which are projected here, one wonders where all the revenue will come from in the future to support the reported valuation Facebook will receive this Friday.

Let’s compare this to Google whose market cap sits just below $200B but did just under $38B in revenue last year and is tracking to go well north of $40B this year. Does anyone else see a disconnect with valuing Facebook at 50% of Google’s market cap while only currently generating less than 8% of Google’s total revenue? Marry that with the Kelsey numbers that caps the social media advertising spend potential at $10B annual in TOTAL for the US (remember all that spend won’t be just for Facebook) 4 years from now and you have to scratch your head just a little.

Facebook will need to do something other than advertising especially if that facet of their business is being called out by some as ineffective.

The other side of the Kelsey data shows that Facebook’s idea that their advertising value is best for big brands could be right on point as much of the ad spend will be on a national level.

But wait. If national big brands will be the bulk of ad spend in social media in the next four years (according to this study only mind you) but Facebook is being outed as being ineffective by some big brands (which could be turned around to also read that said big brands and their agencies are clueless as to what they are doing in social media advertising) then where is all the revenue for Facebook going to come from to support what is supposed to be an earth shattering IPO?

One assumes that it would have to be the international market that Facebook is banking on but with a shaky world economy and very different approaches to media and advertising in different areas of the world (as well as China currently being a walled garden of sorts) how reliable will that be for Facebook?

I am not a financial analyst. I have not done any type of in depth analysis here. I am just looking at some numbers that are being thrown around and wondering if Facebook math is creating a “1 + 1 = 3 or more” scenario.

I have no skin in this game and I, like the rest of us, would figure out a way to carry on in this world if Facebook were to do a MySpace. I’m not saying that will happen at all but anyone who can add 1 + 1 and get the correct answer should have a few questions here, don’t ya think? I would also be just fine if Facebook hit a grand slam and killed this thing. It will be what it will be.

So what do you think it will be?

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Study: Websites Managing Average of 14 Third Party Tags

Survey measures tags from ads, analytics, email and social media firms.

View full post on ClickZ News

A Keen Mind in Sheep’s Clothing

Zuckerberg moves almost as fast as you can say “hoodie.”  While we were feasting our eyes on the media’s fascination regarding Mark’s choice in clothing, Facebook donned itself in two more acquisitions.  I say ‘more,’ in reference to the few-week lapse in acquisitions; as we all have heard, Facebook acquired startup Instagram as of late.  [...]



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