Many of us have tried to learn how to make money online using all kinds of inputs: ebooks, forums, videos, audios, trial and error, etc. If you're like me you find yourself constantly second guessing or just being frustrated when you see an Internet Marketing guru use a new bag of tricks to make yet another five million dollars in days.
Recently I polled a list of internet marketers on what they felt were their biggest mistakes made in their own online careers. I seeded the question with my own mistakes with the intent to get a discussion started.
What was revealed was extremely interesting coming from many who are very experienced. I decided to collate the list and rank them in what I thought is the best order based on the number of responses I received.
So, here we go - enjoy the list, and, use this to power your own online business!
Top 10 Mistakes of Internet Marketing
1. No Autoresponder - I think almost everyone responded to this one. Not having an autoresponder means no email list to work with. No list means re-marketing for every new product or service. The gurus make the BIG bucks here because their lists are huge!
2. Product Pricing Too Low - If you have been following Frank Kern's latest endeavor you'll see this is one of his emphasized points. Many are afraid to see the price point high thinking you'll lose customers whereas the opposite may be true. The psychology may be that something expensive is valued whereas something cheap is not.
3. Not Using Your List - Much like #1 even if you have a list you may not be marketing to it. Your list is your lifeline according to most. Use it!
4. Too Many Projects at Once - Ah, the age old story. I'm completely a victim to this - losing focus on a single project to start another. Yes, it is good to have ideas but keep them on a pad of paper by your side and leave them for later! There was a lot of noise from everyone on this one.
5. Test Marketing Before Jumping In - Well, there isn't much more to say about this other than do your research and plan carefully.
6. Offers to Never Seen Products - Whatever you do, don't do this. You must either buy or barter the product you are going to sell. If it is bad you definitely want to stay away and keep your customers away as well.
7. No Affiliates for Your Product - One marketer responded that he estimates he lost over one million dollars just from this simple mistake. Use your affiliate network to help sell your own product - it is like an exponential web, that, if good will grow your income at a massive rate.
8. Bad Sales Copy - Borrow, beg or just pay for this unless you are a great copywriter. This can sink a great product faster than anything.
9. Knowing a Niche is Profitable - Again, much like #5 this mistake is very common. You're excited, build a site, promote only to find out that those hours and hours of work went to waste. Ouch!
10. Not Outsourcing Faster - This is truly the power of many vs. the power of one. Outsourcing means getting help to build your site using such services as Elance.com or Amazon's Mechanical Turk. It is inexpensive and can accelerate your effort.
Some of the runners up were:
11. Bad Adwords Ads
12. Not Using Freebie Lists
13. Poor AdSense Testing
There you have it. If you can take away some of these lessons to use in your own work you should be better off and be able to make money online. Enjoy!
Time to watch the Oscars.
Recently I polled a list of internet marketers on what they felt were their biggest mistakes made in their own online careers. I seeded the question with my own mistakes with the intent to get a discussion started.What was revealed was extremely interesting coming from many who are very experienced. I decided to collate the list and rank them in what I thought is the best order based on the number of responses I received.
So, here we go - enjoy the list, and, use this to power your own online business!
Top 10 Mistakes of Internet Marketing
1. No Autoresponder - I think almost everyone responded to this one. Not having an autoresponder means no email list to work with. No list means re-marketing for every new product or service. The gurus make the BIG bucks here because their lists are huge!
2. Product Pricing Too Low - If you have been following Frank Kern's latest endeavor you'll see this is one of his emphasized points. Many are afraid to see the price point high thinking you'll lose customers whereas the opposite may be true. The psychology may be that something expensive is valued whereas something cheap is not.
3. Not Using Your List - Much like #1 even if you have a list you may not be marketing to it. Your list is your lifeline according to most. Use it!
4. Too Many Projects at Once - Ah, the age old story. I'm completely a victim to this - losing focus on a single project to start another. Yes, it is good to have ideas but keep them on a pad of paper by your side and leave them for later! There was a lot of noise from everyone on this one.
5. Test Marketing Before Jumping In - Well, there isn't much more to say about this other than do your research and plan carefully.
6. Offers to Never Seen Products - Whatever you do, don't do this. You must either buy or barter the product you are going to sell. If it is bad you definitely want to stay away and keep your customers away as well.
7. No Affiliates for Your Product - One marketer responded that he estimates he lost over one million dollars just from this simple mistake. Use your affiliate network to help sell your own product - it is like an exponential web, that, if good will grow your income at a massive rate.
8. Bad Sales Copy - Borrow, beg or just pay for this unless you are a great copywriter. This can sink a great product faster than anything.
9. Knowing a Niche is Profitable - Again, much like #5 this mistake is very common. You're excited, build a site, promote only to find out that those hours and hours of work went to waste. Ouch!
10. Not Outsourcing Faster - This is truly the power of many vs. the power of one. Outsourcing means getting help to build your site using such services as Elance.com or Amazon's Mechanical Turk. It is inexpensive and can accelerate your effort.
Some of the runners up were:
11. Bad Adwords Ads
12. Not Using Freebie Lists
13. Poor AdSense Testing
There you have it. If you can take away some of these lessons to use in your own work you should be better off and be able to make money online. Enjoy!
Time to watch the Oscars.
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