BOZEMAN, Mont. -- Zoot Enterprises, a leading provider of advanced instant credit decisioning and loan origination solutions, announced Version 6.0 of its WebRules(TM) Business Rules Developer. Zoot's WebRules tool is an object-oriented graphical interface for the development and on-going management of custom business rules and logic. Version 6.0 provides new functionality and interface enhancements for all previous versions of WebRules, and provides financial institutions with a higher level of control in developing their own business logic without programmer assistance.
"WebRules 6.0 gives Zoot's clients more direct control over their applications," said Tom Johnson, vice president of New Product Development at Zoot Enterprises. "In most business rules applications, attributes are predefined by the software developer and are unable to be edited. This latest version provides financial institutions with the capacity to edit their attributes directly, and refine the variables with which credit is assigned without the need for custom code or weeks to reconfigure the business rules. Version 6.0 enables institutions to manage applications in real-time."
The Attribute Editor feature enables the user to directly create and manage attributes (e.g., the number of accounts 30 days past due or the total amount of credit extended to someone) that create the base level of their decisioning logic. This allows institutions to make refinements to their business rules that have the potential to considerably impact their bottom line.
Other new features include the integration of Zoot Credit Characteristics(TM) Library (ZCC - Zero Core Contribution
ZCC - Zone Compliance Coordinator (State Farm Insurance)
ZCC - zone of calcified cartilage)(TM), shared libraries and SPOC - Saturn Performance Owners Club
SPOC - Science Planning and Operations Center
SPOC - Search and Rescue Point of Contact
SPOC - Shuttle Payload of Opportunity Carrier (NASA)
SPOC - Single Person of Contact
SPOC - Single Point Of Contact
SPOC - Single Point Orbit Calculator
SPOC - Space Operations Center
SPOC - Special Access Required (SAR) Programs Oversight Committee (USAF)
SPOC - Steaming Pile of Crap 3 compatibility enhancements. ZCC's are Zoot's pre-defined library of credit characteristics or attributes that allow customers to deploy changes quickly, without having to custom program their own set of attributes. Integration with WebRules means business analysts can start with a standard library, then customize the attributes to improve their organization's credit quality. The shared libraries application, a common database for enterprise users, allows different lines of business within an organization to share business rules. Consequently, the organization can facilitate a common credit risk policy throughout the enterprise, as well as simplify deployment of cross-sell opportunities. Finally, Version 6.0 also enhances support for SPOC 3 (Zoot's venerable decision engine), such as virtually unlimited credit application fields, providing a high level of flexibility.
About Zoot Enterprises
Bozeman, Mont.-based Zoot Enterprises provides large financial institutions with highly configurable, credit bureau independent instant credit decisioning and loan origination systems. Its fast, flexible and highly secure solutions reduce risk and improve performance for seven of the top ten U.S. financial institutions accounting for more than 100 million credit transactions a year. The company's product lines support a wide range of transactions and allow clients to adapt to market changes in real-time. The ability to meet virtually any credit origination need has led to the company's long-term partnerships with the nation's most innovative financial institutions. Visit www.zootweb.com or call 406.586.5050 for more information.
1. Invest Small When Starting Anything New.
Always invest small when starting out. It's possible any ad you run may lose money. Always keep your risks and investment small whenever you're starting a new type of advertising. Even if you had that top level copywriter write your ad, not everything they write will be a home run. It may need a few changes to produce the results you want. The market you're advertising to may not be perfect. There is no such thing as a "Sure Thing."
2. Test Everthing.
Only one expert is right, and it's not me. It's your own personal test results. Test headlines. Test the length of your ad copy. Test audio and video on your sales page. Test a squeeze page before visitors get to the sales site. Constantly run 2 ads on Adwords for every ad group. Test a "try before you buy" offer. Test telephone follow-up. Quit blindly following gurus and test everything!
3. Be Unique.
Don't ever be a me-too business. Take a look at everyone in your marketplace. What is different about you from them? Here's a quick exercise. Write down all the benefits someone gets from your product or service. Now cross off all the benefits they can also get from other people's products and services. What's left? If nothing is left, you may need to rethink or modify what you offer to provide something unique in your marketplace.
4. Target Your Ads Only to Buyers.
You've chosen your niche, but do you write your ads to all your visitors. No. You will never achieve a 100% buying rate. Much more common is 1%...and 10% is extremely high (possible at times with strong follow-up). This means at least 90% of your website visitors are NOT your target audience even though they came to your site. You're not writing to them. It doesn't matter if those people like what you write at all. You're writing only to the BUYERS...that 1 to 10% of your unique visitors who will take action.
5. Develop a Backend From the Beginning.
You should already have a basic idea or outline for your next offer before your first one is done. If your first product is an ebook or CD, what will you offer next? You may start your backend by offering joint venture deals and affiliate offers from others. The money is any business comes from repeat purchases and backend sales. In fact, I'd never want to be in any business where I HAD to make money from one product. It destroys your marketing ability. If your competitor can break even or even lose money on their advertising, how can you compete if you have to make a living off the same offer?
6. Your Network Determines Your Net Worth
First heard that expression from Mark Victor Hansen. Strategic Alliances, social networking, referrals, viral marketing, etc. are the key to building your business online. Going it alone is a recipe for failure. In most businesses, affiliates make up 50% to 75% of sales. Incoming links from other sites is the key to search engine optimization. Find ways to serve the other top players in your niche. Network. Mastermind. Grow together...even with competitors.
7. Don't Restrict Your Business to Internet Only.
You're not an Internet business. You're an Internet based business. Develop your business model with both Internet and offline strategies. Follow-up on customer by phone. Here's a quick tip - call people who just purchased from you to thank them for their order and also offer them something else at a discount price right now (I've seen people increase profits by 40% from that alone). Send direct mail to your customers. Rent a targeted mailing list and send postcards to drive people to sign-up for your list. Use offline publicity and networking to generate leads.
8. Build your Relationship with Your Lists.
Yes, I said "lists," not "list." Concentrate on educating your list members...both with good content and about your products/services. Use online follow-up methods such as email and be willing to use direct mail. Send thank you cards to JV partners and customers. Run a teleconference where you meet with your customers or prospects. Create a blog. Put a face on your company and let them get to know you as a person.
9. Focus on Your Gifts.
Focus your time and attention on what you're best at. There's dozens of ways to market your site. Concentrate on the ones that most fit with your style and skillset. If you hate writing, then don't use writing as your primary advertising method. Or hire out the writing. Figure out what skills you have...and focus on those. Outsource the rest to others. If you try to force yourself to be just like "Guru #1," it's simply going to be an exercise in frustration. You're unique. Build a unique business suited to you.
10. Plan for the Long Haul.
I'm sure you've been told about instant riches overnight. Quit trying for that. And quit trying to jump on the "new thing." Pick a business and work on it. Yes, I said work...that dirty four letter word so many people hate. Things might no go right when you first start. You might have to modify a few elements of your presentation. You might have to change your product. To be successful in this business requires you have a backbone and stick to it even when things don't go your way! Develop at least a one year plan with daily actions to push you to success. You'll make modifications along the way, but at least you have a basic roadmap of where you're going.
Both Mayank Verma & Terry Dean are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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