What's Your Biggest Lesson You Learned In This Online Industry?

by jeng cua 24 replies
After quitting my full time job as an expatriate and playing this online business game for 4 years now, one of the biggest lesson that I've learned is to master the art of failure because every time I made mistakes and fall, I stand up and correct those mistakes. Time flies and I have no regrets at all in facing all those short term conveniences that gives me the long term conveniences and lifestyle now.

How about you, what is your biggest lesson you've learned playing this online business game?

I'd love to hear from you.

jeng cua
#off topic forum #biggest #industry #learned #lesson #online
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  • Profile picture of the author Kate H Smith
    TRAFFIC ...

    I focused on creating products/services, but didn't know how to get traffic, all day, day-to-day. And, it really damaged my efforts. So, I learned all the traffic secrets, bought books, courses, and etc, and now I drive unlimited amount of traffic to my offers.

    Since, you need to people; you need to put your offer in front of them. Don't expect your target audience to find you and open their wallets.

    This was the lesson!
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  • Profile picture of the author jayceexzero
    For me I should say, a good planning is the key but good timing is more important. I've started doing online business 2 years ago at age of 18. Clients offering projects come and go but at the end of the day even if you planned everything perfectly, a wrong timing in finding clients or even launching a product is one of the main factor why startups fail.
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  • Profile picture of the author dleigh
    The biggest lesson I have learned so far is that taking action is the most important(and hardest) thing to do. Watching videos, reading books, using social media, etc. do not directly earn me money. They might give me knowledge so I can be more effective when I finally do take action, but that's all they do.

    I'm in the process of trying to take remedy this problem, but it is hard! I think fear of failure is a big part of it. It's hard to "fail" at watching a video, but it is much easier to fail with a product.

    But, at least failing with a product would mean I took action, made something and released it. Like you said, it's important to master the art of failure and look at failure as a friend and teacher.
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  • Profile picture of the author discrat
    Enjoy the journey and don't just focus on the end result
    Wait, that's life too


    - Robert Andrew
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  • Profile picture of the author The Author
    There is No Such Thing as Failure, there are only Lessons. Failure is the spice that adds exquisite taste to success. The ONLY difference between a Super Successful Affiliate Marketer, and the lesser successful ones...is TIME!
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    MyBlog

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  • Profile picture of the author gpower2
    I would say the biggest lesson I learned was to create systems (sales funnels.) At the end of the day, every successful business online uses well made marketing systems to succeed.

    I know "the money is in the list" phrase sounds cliche, but data capture at the end of a successful marketing system truly is key.
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  • Profile picture of the author mrwebtech
    i spent thousands of dollars on courses, hiring mentors....but totally a waste of money. started having my own knowledge , now my biggest failure is i know most of the thing but unable to streamline things. i AM earning but no much to quit my job and depend of internet source of income
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  • Profile picture of the author ChrisBa
    Originally Posted by jeng cua View Post

    After quitting my full time job as an expatriate and playing this online business game for 4 years now, one of the biggest lesson that I've learned is to master the art of failure because every time I made mistakes and fall, I stand up and correct those mistakes. Time flies and I have no regrets at all in facing all those short term conveniences that gives me the long term conveniences and lifestyle now.

    How about you, what is your biggest lesson you've learned playing this online business game?

    I'd love to hear from you.

    jeng cua
    I think mine is similar.
    I used to be scared of rejection/failure. It was hard to get used to it.

    Now for me, I just go by "you haven't failed until you've quit" and I don't quit!
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    • Profile picture of the author jeng cua
      Totally agreed with you ChrisBa...Never ever quit! Thats our rule of thumb!
      have a great weekend ahead.

      Originally Posted by Kate H Smith View Post

      TRAFFIC ...

      I focused on creating products/services, but didn't know how to get traffic, all day, day-to-day. And, it really damaged my efforts. So, I learned all the traffic secrets, bought books, courses, and etc, and now I drive unlimited amount of traffic to my offers.

      Since, you need to people; you need to put your offer in front of them. Don't expect your target audience to find you and open their wallets.

      This was the lesson!
      Hi Kate!

      Traffic is the easiest part of your business provided that you know how to structure your own capture mechanism and your sales funnel. Once everything is set, you can start driving traffic at anytime you want depending on your set budget, but the BIG QUESTION is...how to convert those traffic into buyers? Because people don't buy from their first encounter with you, so you need to engage, maintain and remarketing to your audience or users when they started to land to your business website or landing page.

      Originally Posted by jayceexzero View Post

      For me I should say, a good planning is the key but good timing is more important. I've started doing online business 2 years ago at age of 18. Clients offering projects come and go but at the end of the day even if you planned everything perfectly, a wrong timing in finding clients or even launching a product is one of the main factor why startups fail.
      Hi Jayceexzero!

      Planning and Timing I guess is a great point jay and you also need to sustain the lifespan of your customers because when you start launching a product, great sales coming in, but it is not all the time that you will have a consistent flow of cash flow. Diversifying is also one key.

      You started at 18 playing this online business game and that's amazing. I salute you for that!

      All the best,
      Jeng cua
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      Start Your Breakthrough Journey. Design Your Future!

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  • Profile picture of the author Connann
    My lessons is
    not to jumpt to system into systems... BUT

    to stick to EMAIL MARKETING!

    And ive wasted a lot of time in other systems before knowin it
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  • Profile picture of the author CTServices
    Apart from gaining the initial knowledge and understanding of the internet environment I think focus and disciplined action are the key things for moving forward. 'Fear' is the biggest thing that holds you back

    It is all too easy to get distracted and lose focus chasing either the next great 'thing' or become absorbed in some distracting trivia that flashes past you on the screen.

    As others have said in one management text 'Stick to the knitting'
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  • Profile picture of the author Treasunpearl Apps
    For me, the biggest lesson is DON'T QUIT. Keep doing whatever you know best. After 10 years of struggling, I finally got it right.
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  • Profile picture of the author ZanyZebra
    Originally Posted by jeng cua View Post

    After quitting my full time job as an expatriate and playing this online business game for 4 years now, one of the biggest lesson that I've learned is to master the art of failure because every time I made mistakes and fall, I stand up and correct those mistakes. Time flies and I have no regrets at all in facing all those short term conveniences that gives me the long term conveniences and lifestyle now.

    How about you, what is your biggest lesson you've learned playing this online business game?

    I'd love to hear from you.

    jeng cua
    Healthy skepticism.

    I spent well over a decade failing at IM.

    By spend I mean spending years, and an embarrassing amount of money, buying countless IM courses. Spending a huge amount of time listening and re-listening to a wide range of IM 'gurus'. Spending enormous effort in endlessly trying to make those IM courses return a decent income.

    Ironically it was only when i became totally cynical about the whole IM world that something happened, by chance, to change everything completely for me. I then went from being an addicted consumer of all things IM related to being a genuine entrepreneur.

    Thankfully, I went from someone who sporadically earned a little money from IM to owning and managing a 6 figure a month, on average, ecommerce company.

    I'm still almost totally dismissive of a lot of the crap that counts as IM. I estimate that accounts for about 90% of courses and 'gurus'. Finally I now see much more clearly and trust my own instincts.
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  • Profile picture of the author discrat
    Yep, I agree Failure is a huge part of the equation. Without it, you are really doomed. It teaches you what to do in the future....i.e what works and what does not and what to do and what to NOT do next time


    - Robert Andrew
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  • Profile picture of the author jayceexzero
    One of the biggest lessons I have learned in the online industry is that people tend to take advantage of online anonymity.
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  • Profile picture of the author tagiscom
    When to hold em, when to roll em, when to walk away and when to run,...

    And when not to blatantly plug my sig, link.

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  • Profile picture of the author yukon
    Whenever you fail at something hide all evidence that you ever tried.
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    Hi
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  • Profile picture of the author hardraysnight
    talk softly but carry a big stick
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  • Profile picture of the author tagiscom
    Originally Posted by yukon View Post

    Whenever you fail at something hide all evidence that you ever tried.
    Sounds like my latest WSO, "Under the Mat 101". Still working on the video tutorials, which cover such things as:

    S***t will fit under the mat if you jump on it.

    Where are you going with that Laptop honey, playing the pokies, dear.

    Why is our bank balance at zero, the cat needed new whiskers, dear

    Should be a best seller here, even with all of the Credit Card bouncebacks.


    Originally Posted by hardraysnight View Post

    talk softly but carry a big stick
    Gee, now we are getting some good answers!


    Yep, a few posters here, with newbies lapping it up. Maybe l should go to the graphics part of this forum, and post something about flyers?

    You know....

    I could suttly say, "l have done flyers, for about 7 years, but like doing flyers, although flyers isn't what l mainly did, eventhough l am very successful with flyers. Flyers is my life, l wake up seeing my next flyer, although l see flyers in everything. When l look at a sunset, flyers, watching tv flyers, and .....umm, dont worry, yep flyers.

    Flyers, flyers, flyers, flyers, flyers,....oh, what the hell, flyers, all day long.

    And since posting this sales have shot up 110%, (which tends to sucker a few more newbies in), and the large red, flashing arrows pointing towards my sig, link are examples only....

    The sugar is strong here.

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  • Profile picture of the author TheBigBee
    I used to assume that because something was "common sense" that everyone would know it and there would be no market for it. Or, that because something could be googled easily (and for free) and answers found - that there was no need to make a product about it.

    I was wrong about that. People will pay you for help for something you think is "common sense." People will pay you for info that's available for free if you make it MORE APPROACHABLE and provide support.

    It's amazing.
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  • Profile picture of the author jbbryant
    Methods change right away and consistently
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    http://www.topdollardating.com/ - We pay top dollar for your dating traffic. Register now and earn cash
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  • Profile picture of the author DURABLEOILCOM
    The biggest lesson I have learned is that without consistent action you will never succeed in Internet Marketing.
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    • Profile picture of the author innn
      Originally Posted by DURABLEOILCOM View Post

      The biggest lesson I have learned is that without consistent action you will never succeed in Internet Marketing.
      Yeah I agree
      and also Internet Marketing requires attention in details
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  • Profile picture of the author kocher79
    To stop wasting $$$ on cheap information products as a result of SOS. I only ended up with total information overload & completely lost. It wasn't until I drip fed myself the basics that I started grasping concepts. I wasted a lot of time in the beginning, but I learned from my mistakes & am now better for it.
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