Make Money Online - 5 Mistakes to Avoid

submitted: Apr 28th 2008 | by: MarkThompson | Total views: 5 | Word Count: 621 | PDF View | Print Article

Don't believe what all the Guru's tell you it's not easy to make money online. Via my Blog and forum I get to chat to lots of people who all have one thing in common they want to make money online. Often this is to supplement a poorly paying full time job, to bring in some extra money to help out with bills or just so that can get away from a mundane 9-5 job. Unfortunately about 95% of these people won't get to realize their dreams and be able to make a significant online income. There are 5 basic mistakes that people make when they set out on an online career. The sad thing is that most of these can be easily avoided with a bit of planning and preparation. Let's look at the mistakes and how you can avoid them.

1 Failing to Plan Is Planning to Fail

I suspect that 99.9% of people who star out on an online career haven't created a business plan. Ask yourself if you want a hobby or a business, if the answer is a business then it's time to get serious. Include your personal strengths in your business plan and aim to focus on these initially. If you find you lack certain basic skills then use the first few months as an apprenticeship and learn the skills you need.

2. Don't the believe the hype

An Internet marketers job is to make you think that you must have whatever product or tool they are promoting this week. I'll let you into a secret here...You don't need it! The best thing you can do when you are starting out is to learn to do things manually. This will give you a greater understanding of how things work and will pay off in the long term.

3. You don't control your spending

I've met lots of people who have spent thousands of dollars on tools and e-books and have yet to make any money. It's simple economics if you spend $1 you need to make $1 to break even. Before you invest in anything visit forums and see whats working for the members. Ask questions and test their methods yourself, if they make you a profit then consider investing the profit into tools that will help increase your income.

4. Not Focusing

People seem intent on jumping from one method of earning money online to another without giving each method time to work. This week they'll try Adsense, next week affiliate marketing after that buying and selling domains. When I speak to people who do this they all say the same thing, Adsense doesn't work anymore, article marketing doesn't work anymore etc. It does, it's just that it doesn't work overnight and you need to spend time learning how to do things properly.

5. You know it all already

Recently I've had a number of emails from well know marketers who take great delight in telling me that Hubpages and Twitter are the next big things to happen to Internet marketing. I' hate to tell them but I've been using these for over 9 months. The Internet marketing world is developing at such a pace that there are new methods and sites being developed each week . You need to keep abreast of the situation and not think that you know all you need to know.

Making money online is not easy but that doesn't mean it's overly difficult. If you find you are making some of the mistakes above then now you know what to do to rectify them. Take some time to Annalise what you are doing and where you are going worn and you will find that you'll soon be on the path to a good online income.

About the Author

If you would like to read more articles like this then please click on the following link The Income Academy Blog Mark Thompson is the writer of Wordpress Goldmine and writes for several online ezines.


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