Mistakes That Will Kill Your Online Business

Discussion in 'Articles & Tutorials' started by kabous333, Feb 22, 2011.

  1. kabous333

    kabous333
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    Here They Are, Simple Mistakes To Avoid When You're First Starting Your Business Online

    It isn't difficult to start your own internet business these days, especially if you arm yourself with all of the right tools and techniques. Of course, if you really want build a successful internet business; you need to make sure you don't make the mistakes that most hopeful internet entrepreneurs make when they try to launch businesses online. In the following article we shall be looking into three such mistakes that you should try to avoid at all costs.

    It's a mistake to use cheaper options initially to try and get off to a good start, instead invest some money at first. For example, if you're looking out to create a long term business on the Internet, you will need a professional website that impresses your target audience. No one wants to visit a site like that. Make a plan and get professional help for specialized tasks, it will pay off in the long run.

    One major mistake is failing to know your competitors. If you ask someone who is trying to start a business about competition and they claim not to have any, two things are possible, either they haven't done enough research into their target market or no market exists for that product. If the market has proved profitable it is highly unlikely that there is no competition for that person. Every niche, no matter how tiny, has competition. So go ahead and start looking into your competition. Find out what they are selling and see if you can't do better with what you are going to offer from your business. Try to find the gaps in what others are offering and then use your business to fill them.

    Finally, raise the bar but be sure your goals are reasonable and achievable. If you set up a goal of making a profit of $1 million dollars right in your first month, it won't work out. Test your target market; create small goals, rather than large goals.

    In conclusion, from the above article it becomes clear that in order to stand out from the competition, give your best shot and actually make your business launch successful on the Internet, it's important to stay away from the mistakes we talked about here. All of these simple mistakes will be easily avoided if you just plot your course of action and then follow it. Remember: persistence is what will really help you out, that is your real secret weapon. So go ahead and start your internet business and be ready to overcome the hurdles that come your way.
     
    #1 kabous333, Feb 22, 2011
    Last edited: Feb 22, 2011
  2. jsingerston

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    I will share a couple of mistakes that I see new people make all the time:

    1) People incorrectly assume that they will make sales if they can just get enough traffic to their website. They are mistaken. A website should convert even with low traffic. If it doesn't convert with low traffic then it is only slightly more likely to convert some sales with higher traffic.

    2) People think that a link is a link is a link. In reality, trusted links are all that matters. Spamming in my opinion is a waste of your most precious resource - time. Plus it sucks the very life from your soul as you spend hours doing it knowing that you are contributing to the squalor on the web for very little return on investment.
     
  3. kabous333

    kabous333
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    Thank you for sharing these mistakes. It is inputs like this that helps a lot to develop one in a good Internet marketer.

    Gerrie
     
  4. firstchoicecar

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    This helps a lot to avoid such mistakes, not it give me a broad idea with regards to this issue.
     
  5. Charles-John

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    Another major mistake is failing to know your customers. Your competitors the bigger they are the more complicated will be their system and that is what customers hate. People use the same product/service for different reasons. A bigger company usually fails to understand this. Deliver what the customer wants the way he wants it, that is the key to a successful business.
     
    #5 Charles-John, Feb 23, 2011
    Last edited: Feb 23, 2011
  6. blowoutbedding

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    obviously, a mistake may kill your online business. So that you should update your sites regularly to get traffic and check mail regularly. Don't Spam on your sites to Avoid low traffic.
     
    #6 blowoutbedding, Feb 23, 2011
    Last edited: Feb 23, 2011
  7. Celene Harrelson

    Celene Harrelson
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    There are a few things that will kill your business right from the start; overspending when getting started and underspending as well. You do have to invest in some online education. You will need a few services and tools, but it's not necessary to go overboard. I have been in business for a couple of years and I still don't spend over $250 a month in business tools/services. I still do spend money on continuing education. The internet is changing all the time and we need to keep up with technology and marketing trends. There are some very smart, successful people out there that will teach you how they do it, if you will invest with them for courses, coaching and mentoring.

    The biggest thing that will kill your business is not taking it serious enough. You are building a real long term business. Just like a brick and mortar business that you start from an empty lot, you have to buy the real estate, build the building, and do the work required to make it profitable. Fortunately the expense is a fraction of that online, but the work ethic must be the same, there is significant sacrifice, persistence and effort required to make it work. If you are willing to do whatever it takes to make it happen for a couple of years and never give up, you will have the business of your dreams and you can make more money that you ever thought you could. It's definitely worth the effort and the payoff is big in so many ways.
     
  8. Fergal

    Fergal
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    I agree fully with your views on work ethic Celene Harrelson, many people get discouraged if they don't make money quickly. It's important to understand from the outset that starting a business requires commitment, hard work, focus and dedication - and this is true whether the business is online or on the high street.
    I'd love to hear a little more about that, what type of courses are you doing?
     

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