Which New Technology Will Be the One to Totally Transform Your Business?

business technologies - a magic ticket to success?

I just read a speculative article on Mashable.com about Apple’s rumored tablet computer … a light, slim, Kindle-like standalone screen that could be drawing tablet, computer, internet browser and e-reader rolled into one. Maybe phone, camera, videocam, ipod and bread-slicer as well. It’s exciting as hell, but also maddening, isn’t it? Trying to keep up with new technology, I mean.

There’s the coolness factor, of course. (I tell myself frequently that this should be a minor consideration.) Closely related to coolness, for me anyway, is the little-kid-loves-colored-lights phenomenon. And then there’s the money thing. Can this gadget/software/etc. help you make more money? As a businessperson, does it help untether you from the many demands of running your own show? Make your life easier? Allow you to do things you never did before?

Some technologies entirely transform the way business is done. The web itself, for example, back in the early ’90s. People who figured out how to use it, early and well, made a ton of money. Remember Netscape? Ebay? Paypal? Google’s IPO? The founders of these now-giants cleaned up. And many of the early adopters, like the ones who figured out how to sell things on eBay while the rest of us were barely cranking up our copies of Netscape 1.0, also made fortunes.

This is still going on today—the revolutionaries and the early adopters reap amazing benefits. Then the rest of us straggle along trying to imitate their success. And eventually, that early success turns into a formula which others try to sell. Take blogging, for example. We’re not all Chris Garrett, or Darren Rowse. But how many of us have bought e-book after e-book, trying to make our blogs as successful and profitable as theirs?

I call this the Magic Ticket Syndrome. I would love to find a Magic Ticket to instant fortune and prosperity. Wouldn’t you? Innumerable folks find their own Magic Ticket by selling what purports to be your Magic Ticket to a profitable online business or blog—getting rich through publicizing your business/product/site/self, or being on national TV, or writing killer landing pages, etc. etc. I’ve got at least a dozen of these things in a “to read” folder on my desktop. I’ll bet you do too.

And then sometimes a technology comes along that really can help your business. For example, a client of mine manages vacation rental properties. Yet she herself could never travel, particularly during the summer, because of the logistics of collecting rents and deposits from renters and potential renters. A typical web-based shopping cart wouldn’t work for her, because her payment amounts always varied according to which property was being rented, for how long, in what season, how many people, etc.

Solution? I researched online invoicing software and services, and after extensive testing, suggested an online invoicing software called FreshBooks. Now, my client and her potential renters come to an agreement on dates and location, she emails a link to a custom invoice, and the renter pays online via credit card before arrival. No more checks, no more hassles with foreign exchange. And for her, no more being stuck in the office.

After seeing how smoothly FreshBooks worked for my client, I gave it a whirl in my web development business. I used to hate invoicing. Hate it. I’d procrastinate weeks before sending out my old MS Word invoice template. This handy little tool, however, makes invoicing—dare I say it? Not only easy, but almost pleasurable. And, it offers value-added statistics that I used to have to track in a separate Excel spreadsheet. So now my invoices get sent out on time and my cash flow has improved. Simple, huh? (In fact, in the interests of full disclosure, FreshBooks’ proven track record, speed, reliability, and responsive support have met all my stiff affiliate criteria. So yes, I am a FreshBooks affiliate and will make a minuscule amount of money if you click these links and decide to become a paying customer.)

I came across another business using this technology in a different way. WPhelpcenter.com offers technical problem-solving services for WordPress site developers. You describe your WordPress issue or glitch over the phone, they ask some questions, then give you an estimate. If you decide to have them do the work, an email with a FreshBooks invoice link appears in your inbox a few minutes later. As soon as you’ve paid, the guys at wphelpcenter are ready to start working. Again, simple.

Is this bit of technology a Magic Ticket? Nope. But does it enable business owners to be happier and more productive? Yes and yes, for my property manager client and for me. Does it elegantly facilitate a web-based business model that might otherwise be unfeasible? In the case of WPhelpcenter.com, yes.

Invoicing software isn’t exactly super-cool. Nor does it totally revolutionize the way business is done. But it’s useful. And it’s just one of dozens or hundreds of such products that appear with astounding regularity these days. How can we possibly keep track of them all, let alone figure out which ones will truly be helpful, let alone transformative, in our particular business?

March 2010 postscript: I’ve started a free weekly tips sheet to–one usable, bottom-line-enhancing tech tip per week. Sign up here: http://creatingwebsuccess.com/free-stuff/

And if you’d like to go one better, and give your business and your bottom line a shot in the arm of motivation, inspiration, and practical steps you can take right now to jumpstart your business, check out my new product, 99 Ways to Use Social Media and the Web to Grow Your Business, Reach More Clients, Sell More Products and Services, Make More Money, Make Your Life Easier, and Change The World!

So let’s forget the coolness factor for the moment. Is there a new piece of software or technology that helps your business work better, differently, more easily? I’d love to hear about it.

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