Are you having a problem getting your online business to become successful ?
Are you spending all of your time on it, but it seems like everyone else is making money but you ?
Don’t worry; it’s not just you.
There are 7 common mistakes that could be holding you back from a successful business. Most people don’t even realize it and are making at least one of these mistakes, if not more. If you read the following, you’ll probably be able to make a few small changes and before you know it, have a successful online business.
If on the other hand, you’re new to Internet Marketing and having your own online business, this is the best time to find out what the 7 mistakes are that can hold you back from a successful online business. Read them now, and make sure you don’t make any of them!
These 7 Mistakes Often Hold You Back From Success With Online Business:
1. Jumping into the online business without having a plan
Once you learn a few things about having your own business, the first thing you may want to do is jump right in – buy a domain, put a website up, and get going with your idea. While that sounds great, you first need to have a plan of attack.
There are certain things you need to do before you even start. You need to make sure that you’re doing everything correctly so that you don’t waste all of your time.
You first need to make sure that your idea is a good one. It’s great that you have a passion for something, but have you checked to make sure it’s a viable option ? Does the niche get enough traffic ? Will people visit your website or buy your product based on what’s already out there ? Things like that are what you will need to research.
Next, you’ll have to figure out how you’re going to make money off of the website. It won’t do to spend days/weeks/months creating your site, and then realize that you don’t have any way to make money from it. Will you have advertising ? Use affiliate links to earn a living ? Create your own product ?
After all of that is decided, you will also need to know how you’re going to promote your site/product. You can have the best product or website in the world, but if you don’t know how to promote it, you’ll never get a single visitor.
These are just some of the things you will need to think about and plan for before you start your first online business. You’ll end up getting to where you want a lot faster while wasting a lot less time if you first think about it, do your research, and create a plan ahead of time.
Already have your website up ? It’s not too late. Create a plan from the point you’re at. Did you skip researching your niche in the beginning? Go back and do it now. If it’s a niche where not enough people will be interested in it, you’re better off finding out now, before spending any more of your time.
Plan out what you’ll do from this point on, and you’ll find that you can still have a successful online business.
2. Thinking you need to learn about everything before you even start with your online business
There will always be something in Internet Marketing that you don’t know. There are new products being launched every day, new tools being created, and new ways to get traffic.
If you want to know absolutely everything about Internet Marketing before you even start, you’ll never end up starting your business. You can easily spend months if not years just learning about marketing on the Internet, and how to make money on the Internet.
While you shouldn’t start before you know enough to do the things you want to do and accomplish online, you don’t need to know absolutely everything there is about Internet Marketing before starting.
This goes with your selected niche as well. Even if you’re not a complete expert in your niche, don’t wait until you’ve learned everything about the subject before you put your website up. You just need to know “enough”, and as time goes on you’ll learn more.
Once again, if you try to learn absolutely everything about your niche ahead of time, you’ll never get to a point where you can put up a website or a product, so you’ll never earn an income online.
3. Not choosing a niche you are passionate about because of too much competition
Once you have a great idea for a niche, the first thing you’ll do is some research on it.
You’ll take a look at how often certain keywords are searched for on search engines. You’ll see how many products exist that you can buy on the subject of your niche, etc.
You might get intimidated when you see that there are many other products for the niche you are considering and decide that it is a bad idea, as there is already too much competition.
This is not always the case though. The reason that there is so much competition is because it’s a great niche! While you won’t want to come out with a product that already exists, or create a website similar to others out there, you are probably choosing a good niche, and just need to come up with a different way to sell it.
For example, the diet niche is very popular. There are thousands of products you can buy, and even more websites out there than products. Does this mean that you should stay away completely ? NO.
The reason that there are so many products and websites in the diet niche is because it’s a very popular niche with many people looking for information about diets each and every day. It just means that you’ll have to come up with something different.
Either go for a slightly different topic within the niche, or create something that makes you stand apart, and makes you better than everyone else.
4. Not starting your online business up because it needs to be perfect first
You might think that before you can put your website or product up that it has to be 100% perfect. You might have already spent days or weeks on it, but want it to be even better before you let people visit your site.
I can tell you this right now…it will probably never be good enough for you. If you’re the one creating it, you’ll always think that it can be better…so if you wait for it to be “perfect” in your eyes, you’ll never put the product/site live, and will never make a penny.
Start realizing that nothing will ever be perfect and that once you put your website or product live, you can always make changes to make it even better.
Plus, once you have your site or product live, you will start to get feedback. This can help you make things even better…things that you would have never thought of on your own.
Therefore, the sooner you can get something that is “good” up, the sooner you’ll start making it even better, and will start earning money for your online business.
5. Starting off your online business with multiple websites
When you first start trying to make money online, you might have one idea and put it up. If it doesn’t start making money right away, you might want to start working on another idea, hoping that one will do better.
Before you know it, you have more than a handful of websites and aren’t making money on any of them, even though you’re still working on all of them.
This isn’t the right way to go about having an online business. Start with one idea. Keep working on that idea until you get it to be successful. Once that happens, and you don’t need to put the bulk of your time into it anymore, then you can start another website.
If you start off with multiple ideas and multiple websites, you’ll end up spreading yourself too thin. Instead of getting one website doing really well, you’ll end up with a bunch of websites that do nothing.
Think about this. If you spend 8 hours a day promoting one website, won’t that do a lot better for your site than if you can only spend 1 hour a day because you have another 7 websites to promote for the other 7 hours you work each day ?
Therefore, you’re more likely to get the first site up and running well if you spend all of your time working on it, and then moving on to something else instead of working on all 8 at once.
6. Trying to do everything yourself
You’re only one person. Even if your business is your full-time job, there are only so many hours in a day. You can’t be expected to come up with all of the ideas, do all of the research, write all of the content, and promote all of your sites all at the same time.
This is where outsourcing comes in. There are many different things you can outsource, such as website design, content creation, promoting your sites, and more.
If you spend your time on the things you’re good at (and enjoy), and hire someone else to do the rest, you’ll get a lot more done, and get it done a lot faster.
You’ve seen all of the Internet Marketing Gurus promoting all of their products. Do you think they do everything themselves ? No – most of them have multiple people working for them. They do the parts their good at, such as creating the products, and then have others do all of the promoting, customer service, and more.
This also makes the business more fun for you, since you’ll be doing what you like and what you’re good at. Since you’re doing what you’re good at, you’ll end up making even more money, since you’ll be able to get more done while you have people who know what they’re doing do the parts that you aren’t good at.
When you have the right people helping you, you’ll get a lot more done, get it done faster, and will be making more money before you know it.
So when you have the budget for it, begin to outsource some of the work with your online business, and keep the work of what you are best at – and enjoy most – for yourself.
7. Thinking you will have success with your online business overnight
If you read any of the Internet Marketing forums as I do, you may start to think that people are starting a business, and are making tons of money in a short amount of time. It seems like they do a little research, put up a product, and are millionaires a few days later.
That’s not really the case, and significant income right away very rarely happens. It takes a lot of hard work to become a success, and have a successful online business.
You need to realize that it can take months or years to earn a good income online and that just because you’re not a success overnight doesn’t mean that you’re not doing it right.
It can take a long time to get to a point where your business pays all of your bills, but just because you aren’t there a few months after starting, don’t think that you’re a failure.
If you know that you’re doing what you should be doing, keep going at it. Keep learning more, and getting your website or product out there. Eventually, your traffic will build up, and you’ll start earning more than you thought you would.