When it comes to starting any business venture online there are several ways one can go wrong in regards to establishing a profitable business online. There are as good as three ways to not make money with an online business and are outlined below.
1. Creating a product to sell
Internet businesses are vastly different to brick and mortar businesses however, in some ways they are also similar. And here actually those similarities can spell big money in your pocket if you know how to set them up properly. Your product should be a solution, product that is of a high quality, it should be delivered in a convenient manner and should come with strong marketing from an expert. In short it should be something people want.
Creating a product is never the problem, having it not selling on the internet can actually do your business no harm at all. You could create a product that is accessible and affordable. No doubt a few products will sell and the ones you create may not, but a good number will.
2. Forgetting to advertise
Prospects are online and hanging out of their computers, it is as simple as that. Creating a website is the important part, but results cannot be seen unless they are noticed, this is where advertising can do a great deal to bring in a lot of cash in a very short period of time. Ensure you have some form of advertising in place from the outset to ensure your product or service is able to make money by itself.
Success built by a few sales is what you sign up for, so do everything you can to get the sale and the cash is on its way.
3. Building a good reputation could do your business harm
Your product is the reason as to why people buy your product. People want to know what it is going to do for them. Perfection can be achieved and sold online and it takes a little bit of the following to get the results you want. When considering how to work to avoid making money and start making money there are many different things to avoid.
The main one is buying into a system or system of somebody that is actually making money online. When you are promoting someone else’s product you can really only dream about the money you would make, the income you would enjoy buying into it all, and what it is going to cost you. Unfortunately those products are the ones that usually pop up in the very top positions, you have little chance of ever breaking into the top ten as you have already won the race by buying into it; and it is that much easier to stay where you are, on the safe side of your business, selling somebody else’s system or making money.
The possibility to make money online is there, but you must be extremely careful and choose wisely who you sign up to a system, this system can be tried by you and if it doesn’t work for you then that is your chance to begin again, take it personally and if you didn’t make money out of it then simply forget about the system as you are not going to make any sales at all.
4. Using suppliers in classified ad sites
Sites like craiglist and frontpage are great places to get the word out about your product, and put a price on it. These sites are like pay per click, but instead of only paying a few pence for each click you can pay up to $100. Make sure you are on top of the list with the most attractive submission fee or you will see a ton of traffic.
5. Stuffing your site with click-through ads
This is probably the fastest way to fail with a business, and even very sophisticated online marketers can do this, usually it will happen on sites that are very involved with linking and SEO. Carrying huge amounts of website traffic to your site and not being able to get a sale because people want to leave your site can spell disaster, but do not give up on your dreams, this can take time and money, but in the end there is light at the end of the tunnel if you intend to make a living online selling anything at all, it just takes a lot of effort and the right tools in the first place and you should really concentrate on that before you even start setting up your website, it does not have to be complex.
