Starting your own online business
begins with deciding you need to make a change. Businesses that thrive online
do so because they were started with this in mind. Whether the change you want
to make is in your own life, the life of others or both it is this that drives
success online.
While the barriers to building an
online income are quite low nowadays, the majority of people who start an
online business still tend to fail, or at the very best make marginal profits.
A lot of the heartache and struggle
can be taken out of generating solid leads and marketing your chosen products
though if you learn to avoid mistakes that in hindsight often seem obvious.
So what are the key mistakes that people who fail or
who merely struggle along make?
1.
Losing Yourself In Details:
One of the first things that any
good business coach will tell you is that you need to get your business off the
ground. In the beginning you just need to be making a profit, even if it is a
tiny return it gives you the traction you need to keep pushing forward.
The reason this is the number one
issue facing new Online Marketers is that all too many of us get bogged down
in, and sidetracked by the small, often cosmetic details that we can come back
to once we have the time and freedom to do so.
The real secret here is that it
doesn't need to be perfect it just needs to be functional. So stop fiddling
with your company logo, your branding and your website and start creating
content and making a name for yourself.
2.
Not Spending Your Money Wisely:
The next thing your mentor is going to tell you is
that if you want results you are going to have to shell out for good training
and good advertising.
While you can make it online without spending a cent
it is going to take you a long time and you are going to spend long hours banging
your head against the proverbial brick wall, not to mention making many of the
common mistakes that come from lack of knowledge about the industry.
The best advice I have ever been given by anyone
about this business is that anything you spend either in training or on failed
advertising is an investment in yourself as a marketer. The only real caveat to
this is that you are far better spending that money wisely on good training
than throwing it away on bad advertising.
3.
Selling Trinkets To Stay Afloat:
Most of the people you see floating
around online trying to sell you something are only just making their way. The
main reasons for this are not lack of effort or lack of audience but are down
to a lack of quality.
High quality products usually
provide you with a higher profit margin and also build the trust of your leads.
After all if someone sends you an email every day trying to sell you junk you
are likely to stop listening. If on the other hand they provide you with
valuable information and only ever present you with high quality value added
products and services you are far more likely to listen to what they have to
say.
One of the best ways to secure high
end products is to get involved with groups that are already operating at a
high level such as the Six Figure Mentors.
4.
Not Knowing Where You Are Going:
I don't know how many times I have
heard variations on the refrain of "Marketing without knowing your product
or audience is like trying to drive a car blindfolded". Basically the only
possible result is that you are going to crash and it is going to hurt.
To pull
another great quote on this subject, adapted from the famous Art of War by Sun
Tzu "Know thy market, but know not thy audience, find defeat in every
campaign. Know not thy market, but know thy audience, find
victory and defeat in equal measure. Know thy market and know thy audience, and
thou shall never fear failure again".
With
access to so much data on so many platforms there is no longer any excuse for
not knowing who your customers are and what they want from you.
5.
Selling Without Serving:
One of the great problems posed by
the internet is the fact that it makes it all too easy to sell someone a dud
product, take the profit and disappear into the night. Because of this
customers are becoming more and more wary and are, very sensibly, beginning to
do real research before choosing not only what to buy, but also who to buy it
from.
With this in mind it is imperative
for those that want to be more than a flash in the pan that they provide great
customer service, great content and great value. If a customer likes what they
see and how they are treated they will come back, and, chance are they will
bring their friends.
Remember that the meteoric rise in
Social Media means that a bad review can get around the internet pretty fast
and a good one may keep sending you prospects for a long time to come.
6.
Giving Away The Product Instead Of Generating Value:
Personally I am a great believer in
the mantra that providing good value to your clients and customers is the best
way to do business. It is also true that a well constructed and useful piece of
content can snag you a loyal long-term prospect.
The flip side of this though is that
many people spend so much time or effort nursing possible prospects to a sale,
either with time, gifts or extras that the sale then provides negative ROI or
at the very least a massive drain on your valuable time.
The real secret here is to strike a
balance. Make sure you keep giving your followers, fans and customers great
content and a great overall experience with you but try not to let yourself be
sidetracked especially by lone customers looking to squeeze you for everything
they can get.
7.
Listening On All Channels But Hearing Nothing:
The quickest way to waste an entire
day is as I am sure many of you have found out at 4am is to get absorbed by
social media. No matter your poison we all do it. The marketing strength that
platforms such as Facebook and Twitter provide come from exactly this, people
find it hard to tear themselves away even when they have better things to do.
For those of us using these platforms
as an integral part of our business the risks of getting too absorbed are even
greater still. Combine this with the fact that it is all too tempting to blast
your message across every site, blog and media platform you can reach and you
can suddenly find yourself drowning in a sea of posts and pages.
The remedy here is to take a step
back, take a deep breath and make a choice. Choose which platforms you are
going to use and focus on them, resisting temptation to have "just a quick
look at Pintrest and Instagram".
There are more than enough potential
customers on any half decent social media site to keep you in business till the
end of time so don't get greedy or you'll end up getting nowhere. Remember the
dog on the bridge? Don't go trying to grab another bone just to see the one you
have falling in the river.
8. Forgetting Your Mentor:
If you have followed the advice so
far then you have found and paid for some seriously good training. This is an
investment and if the mentor you chose was worth what you paid them they will
not only be able to help you out they will want to.
Don't try to make it on your own too
fast. It is really a temptation to forget all about your coach when you see
that first shiny dollar land in your bank account, I know because everyone does
it even me. When this happens though it usually isn't too long until we get
stuck, get lost or simply start to run out of steam. These are the moments you
will truly thank your lucky stars that you had the foresight to find proper
training and a strong community to help.
9.
Underestimating Just How Much Determination It Can Take:
The main reason why you are here,
reading this post, is because you have heard that being an online marketer or
an affiliate gives you the freedom to follow your dreams. It does, but, and
this is a big but, only if you have the strength of will to do the hard work
first.
There is no secret software, no
special spell and definitely no magic course that will make you a marketer
overnight, never mind a successful one.
Don't despair though. If you are
willing to learn, listen and take the time to get it right you will make it.
People often think it takes a "born marketer" to be successful, I'm
here to tell you there is no such thing. Anyone who ever made it did it by working
hard and learning well.
I'm going to say it again. Find a
proper course and if you can a community of like minded experts to support and
teach you otherwise you may possibly struggle forever to get any traction at
all.
10.
Forgetting Your Customers Are People Too:
Just because you might not ever meet
the person you are selling to, or even speak to them in some cases, that
doesn't mean you can forget for a second that you are dealing with real people.
Think about the way you would like to be treated and the support you would like
to get from someone you were giving money to.
If you would not be happy with the
way you treat your customers chances are they won't be either. Don't be one of
those people you see and hear from all the time who'd sell their own granny if
they thought they'd make a profit. Try to keep your honesty and your pride no
matter what you choose to do.
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