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5 Common Mistakes Stopping You from Making Money Online - Continued

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Posted 18th May 2015 at 03:40 AM by alexchen23

In my previous post, I've included 5 common mistakes that most of the people who try to make money online fail to achieve their dreams. You can read it here:

Today, I'm going to share 4 more mistakes that most of IMers make.

Easily Distracted by 'Bigger and Better' Things

New Internet Marketing products are launched all the time. There are just so many different 'systems' and 'blueprints' on the market.

Many people who try one system often don't wait until they have put in enough work in the system to gain some success before jumping on to a new system. They don't wait until their previous online business has had an opportunity to produce results.

People who jump from project to project are extremely impatient. These people end up spending lots of money on many different products only to end up where they started. IM products require your time, effort, focus, and energy to produce results.

Remember this: you aren't buying some magical system that will stuff your pockets with cash. You have to get down to business and put in the time and effort. Just as you don't immediately get a fully-grown plant the moment you plant a seed, you don't get cash immediately after starting an online business. Traffic takes time to build. It takes time to build a solid online brand. Online communities take a while to build around your content.

Set realistic expectations for your business before abandoning ship. In fact, you should try to fix all the different problems of your business before you give up and try something new. Oftentimes, online businesses fail to produce results because at least one segment of the overall business has problems. Learn to identify these problematic segments and see if doing so changes your results. Don't be too quick to throw in the towel.

Quitting too soon

Even if you focus on your Internet marketing activities and you put in the right amount of time and effort, you can still fail if you quit too soon.

You have to remember that making money online is oftentimes a marathon. It isn't a sprint. Nine times out of ten, you aren't going to see results immediately. In fact, it might be several months until you see a return on your investment of time, effort, and money. Too many people freak out when they don't see great results when they start their online business.

Frankly, this is an overreaction and completely unrealistic. Just as you shouldn't expect to hit a home run the first time you step up to bat, you shouldn't expect your online business to make lots of money when you start.

It is just like any other business. It takes time for people to hear about your business and, more importantly, it takes time for people to build enough trust in your online brand to buy whatever it is you are offering. You have to keep pushing forward. Don't quit because you became impatient. Real and sustainable success takes time.

Failing to network

Just as no person is an island, no business is an island. Businesses need to network with other businesses. Brick and mortar business network because they can decrease their supply costs by linking up with the right vendors. They also boost their sales by getting in touch with businesses that buy their wares or services.

In the online world, online businesses also need to network but for a range of different reasons. Networking with other websites in your category increases your overall credibility with the online community. By being connected with tried and proven online brands, some of their credibility rubs off on you. More importantly, by establishing partnerships with solid online brands, you can benefit from some of their traffic. If your partners get lots of traffic, some of this traffic might head your way.

Not investing enough money

While there have been many online empires built with nothing more than a few bucks, a big dream, and lots of elbow grease, the hard reality now is that if you want your dreams of online success to become a reality, you have to put in some capital.

Don't get me wrong, the amount of cash you have to invest doesn't have to be as huge as putting up a brick and mortar business.

Still, you have to invest the right amount of capital in your business. At the very least, you have to buy some starter traffic to get the ball rolling regarding your business' traffic flow. You have to invest in the right content so you can become credible in the eyes of your target audience. You have to invest in social media marketing so your brand is accessible through all the major social media platforms. All these initiatives don't have to involve huge piles of cash.

However, if you are unwilling to spend the right amount of money on your business, not only might your online business remain small and unnoticed, you might not make any money at all. Make no mistake about it on the Internet, as elsewhere, it takes money to make money. Don't let scam or hyped-up make money online 'programs' or 'blueprints' convince you otherwise. You have to spend some money to make money online.

Keep the common pitfalls above in mind when considering getting into Internet marketing. Don't get discouraged early on; you can make money online. People have done it in the past and it's happening to other people right now, and more people will make money online in the future.

BTW, I'm giving away a proven working system about how to setup online business and generate $100/ day passive income. You can check it out here...

>>> How to build a buyers list and make $100+ per day

To your success!

Alex
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