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The Seven Deadly Sins Of How To Make Money In Online Business
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The Seven Deadly Sins Of How To Make Money In Online Business

The Seven Deadly Sins Of Online Business

Are you new to online business? Have you tired a few things that haven't quite worked out? Or are you completely bewildered by the mass of information out there?

Whatever stage you are at if you can avoid the seven deadly sins of online business you will be sure to come out on top.

1) Choosing Unwisely

The first deadly sin that everyone commits when finding out how to make money in online business is picking something that is searched for the most.

They assume that because there are ten million searches for something that they will have a better chance.

The reality is surprisingly quite the opposite. Anything with that many searches probably already has thousands and thousands of competition.  So for you to get seen amongst that competition is virtually if not completely impossible.

The key is to pick phrases or ‘key word phrases’ as they are known that have low competition. (Key word phrases by the way are what someone types into a search engine when looking for something)

Getting seen is not so much about how much something is searched for. It is far more about the level of competing material out there under that key word phrase.

Low competition gives you a better chance of getting on the first page of a search and therefore seen by a potential customer.

Choose your key word phrases wisely and you put yourself way ahead of those that don’t.

2) Being A Jack of All Trades

Deadly Sin number two is to try and be a jack of all trades and learn everything and promote in every way possible.

There are hundreds of ways to promote online. Many people feel that they need to learn all the methods. Social networking, blogging, website building, writing articles, video sites, Google ads, forum marketing, search engine optimization and more.

Again the opposite is true. Pick ONE strategy that appeals to you and become an expert in that strategy before even considering moving on to something else.

Becoming a master in one area and not a Jack of all trades makes you stand out from the crowd and is exactly how to make money in online business.

3) Buying Get Rich Quick

Buying get rich quick products to help your business is suicide as much as sin. When people first start out in internet marketing there are so many products claiming quick riches or an instant million visitors to your site.

This makes people think that get rich quick is how to make money in online business. They are all lies please don’t buy them! I fell for many in my early days. Anything with wild claims is a lie. It's that simple.

Not buying get rick quick scams means you have more money to invest in quality services for your internet business. This will help you advance way quicker than the rest.

4) Thinking You Need Your Own Product

The beauty of the internet is that you don't need your own product. How to make money in online business is to ride on the back of someone else efforts and recommend their product.

Yes there's no need to deal with product development, customers, complaints or shipping or many of the hassles of normal business. You don't even need to buy any stock!

This is called affiliate marketing. It is without doubt the Number 1# way of how to make money in online business

5) Doing Nothing

Doing nothing because of fear of getting things wrong is very common. It is the worst sin of all! Many people analyze and study everything before doing anything. The best way how to make money in online business is to just get out there and do stuff.

The more you do the more you will learn so don’t worry about messing up. It’s just a natural part of the process . Make more mistakes than everyone else and you become a winner!

6) Being A Butterfly

Going from one opportunity to the next will never allow you enough time to make a success out of anything you do.

Sticking with something is how to make money in online business and rise to the top. The butterflies meanwhile will still be fluttering around.

7) Giving Up

If you keep going you will beat the other 95% that give up! Despite all the hype making money on the internet is not as easy as people make out.

Many people give up quite early because the money doesn’t come flooding in as they expected.

Time, persistence and massive action is how to make a success in online business. But once you crack the code the potential is limitless.

I have committed all of these sins in my time apart from number seven. I never gave up! If you can avoid the seven deadly sins of how to make money in online business you will get there much faster than me :-).

Street Talk

Buying "get rich quick" solutions is the most common sin of beginner enerpreneurs, that's right

  about 6 years ago

All good points - very true.

  about 8 years ago
Cassie 1  

Very good points I really enjoyed the article

  about 9 years ago
Bobby 1  

I enjoyed your article thanks for the time you spent on it!

  about 9 years ago

this was very helpful! Really well done and easy to understand! thank you!

  about 1 decade ago

Thanks lexi!

  about 1 decade ago
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