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Set yourself a goal on where you want to be in 12 months after starting your online business. Without a plan, even simplest plan, your ambitions are poised to fail.
2. Not Having Your Own Web Site
Get your own domain name and web site. There are many marketers who want you to believe that you can make lots of money without having your own web site. Make a professional staement and get your own domain name and web site.
3. Too Many Activities to Manage
Pick your affiliate and mlm programs wisely. Most newcomers fail due to lack of focus. Too many programs will not increase your chances of hitting jackpot. Focus on most effective programs and stick with it. You will be rewarded in long run.
4. Spending Too Much Money Too Quickly
Spending your hard earned money on advertising can quickly turn into an addiction. Meaning that you fall for myth that more you spend on advertising more money you make. Wrong. You could spend all money in world on wrong marketing strategy and still not making a profit. This will happen to you with all pay-per-click search engines. Thereís a reason why Google is skyrocketing at stock market. There are too many advertisers spending too much money on pay-per-click and are not realizing that only winner is Google themselves. The only thing that will stop this behavior is you either run out of money or your credit card is maxed out. My advice, pay-per-click is last part of a well planned marketing strategy. There are much more effective advertising vehicles available than pay-per-click.
5. Donít SPAM
This is single most reason why startup online businesses get in trouble and actually have to close and start all over again. If you have a newsletter or some other information you want to distribute via email. Only use verified email addresses, typically double opt-in email addresses that you collected. Stay away from any brokers who want to sell you huge lists of emails for pennies. This is surefire way to get into trouble and out o business. My advice, slowly grow your email list with verified addresses only. These people actually want to hear from you and are more likely to buy from you.
Unfortunately I didnít have this information when I started my online business and I paid for making these mistakes. Donít do what I did, do what Iím telling you to do. Sounds familiar? Well in this case it is just a recap of my experiences and hopefully you get some use out of this.
Sincerely, Peter Dobler © 2005
Peter Dobler is a 20+ year veteran in the IT business. He is an active Real Estate Investor and a successful Internet business owner. Tap into multiple streams of income at http://www.mypluginhomebiz.com Or learn more about the power of viral marketing; send a blank email to mailto:firstname.lastname@example.org