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P.S. Tend to make use of advice regarding Advisors / Mentors in your post.
I am not totally opposed to a sound PPC campaign. I believe it needs to be supported with quality conversion in place. Landing pages and microsites, even PURLs, that are constantly being A/B tested. It does get costly for startups though.
Perhaps your talking larger scale than what I have experienced? I have personally spent a couple hundred bucks testing and such but I am unsure about what a "real" PPC campaign looks like.
This debate might include using CRM to replace Aweber or Icontact, Zoho.com for example (cheap). At some point, isn't your client list a valuable asset?
Great tips... I actually emailed a link to this article to my former business partners, just because some of these ring so true, and I personally KNOW the guy from numero four.
I'm still laughing...
Robert