subject: The $64,000 How To Make Money Online Question [print this page] Without a doubt, the most common question I get from people who are trying to make a living online, is always Why am I not making money online.
Usually I dont even have to access their business plan or online model to tell them where they are going wrong. This is because usually they dont have a plan or model to look at.
This is their first mistake. You see, people tend to think because its a business being run on the internet, or from the comfort of their own home in their spare time, they dont have to treat it like a business.
They fail to have a blueprint.
Here are the top 3 common mistakes that they all make:
1)Lack of a plan or blueprint. As discussed, they start off aimlessly in any direction without actually knowing how they are going to make money, or how they are going to run their business. This is a vital step that I would strongly encourage all entrepreneurs to partake in. Know what strategy you are going to use to generate an income.
2)They focus on too many areas-I have to admit that even I have been guilty of this one. There are so many different ways to make money online, that its easy to try your hand at a 10-20 of these all at the same time. This leads to a lot of work, for very little reward. The usual result is that they get despondent when they dont get any reward for their hard work, and end up quitting.
3)They dont invest in themselves or their business. Most new online marketers will try their best to try things themselves without spending any money on investing in courses or guides to show them how to build their business. If they were running any other type of business, they would invest in plans, how to books, and various other guides to assist them.
These 3 mistakes are without a doubt the most common reason why people do not make money online.
They may sound very simple, but if you overlook them and take them for granted, you are almost doomed to fail.
The good news is that it hasnt cost you $64,000 to have this question answered. It also wont cost you $64,000 to start building your online business effectively.
by: Mike Smith
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