July 1, 2007

12 Common Mistakes of an Online Business

Here is what I would call the most classic mistakes many small independent online Businesses owners make. While this is not a comprehensive list, avoiding these mistakes may save time and money as you venture into the world of marketing and building your business online.

 

  1. Trying to do it all and not spending enough time networking with people in your niche.
  2. Not having a laser like focus on your niche or target audience.
  3. Content to be the same as your competitors. How often I hear people say if I could only be like so and so or get the traffic as so and so. Domination of your niche and striving for excellance needs to be all of our goals.
  4. Failure to implement a plan, or not having a specific concrete marketing and monetization strategy.
  5. Relying on one or two strategies or tactics to market or monitize your biz. Multiple streams of income is key.
  6. The idea or belief that just having a business out there, or a web presence will get you business. Once you reach the publishing phase, a full 50 to 70% of your time should be spend on marketing and monetization, the rest on publishing and research.

Read More

Spread the word

del.icio.us Digg Furl Reddit Help

Permalink • Print • 3 Comments