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10 Silly Mistakes to Avoid When Starting an Online Business

Filed in Online Business Opportunity by on November 25, 2015 34 Comments • views:&nbsp481

Have you ever thought of starting an online business? I can assure you that nowadays many people who venture into online home based business realize their dreams. May be you would like to get some new online business ideas. In 2013, I had the opportunity to do some research online to get a feel of what works and what does not work… My research helped me unveil an online business platform that has helped many people achieve their goals online. So based on my experience of online business, I would like to share with you ten silly mistakes that you should avoid when starting an online business…Keep reading because I have a lot to share with you…money_stack

1. Not having a business plan

May be you have heard many people talking about a business plan before actually venturing into any business. Let me tell you that this does not just apply a brick and mortar business only but it also applies to an online business. You certainly need to develop a business plan when you want to start an online business. The business plan lays the road map for starting your business. There are several online free tools that could assist you when you want to start your business online. The business plan helps you to put down all the resources and tools you will require to build your online business.

2. Lack of Focus

Another mistake that many people make is the lack of focus or getting detracted from your business venture because of the noise and hype that is quite common online. It’s critical to focus on your business goals and avoid all the hype that prevails around you. What I know is that there are some scams that Goalsprey on innocent people online promising them overnight riches.

Don’t waste your time trying out things that make false promises. There are, of course, some free online businesses that you could identify online and tap into if you like. Wealthy Affiliate is one of the online business platforms that could help you through knowledge sharing and skills development to help you start a strong business foundation that could lead you to make money fast online. You can check it out FREE here.

3. Not doing research on your niche market

To be able to come up with a business that could help you achieve your dreams online, it’s critical for you to do a thorough research on your niche market. That means taking time to understanding what people want or actually trying to understand the problems that they are facing which need some solutions. In other words, you need to check on some online forums or platforms where people discuss some of the pressing issues that require some solutions. It’s important to recognize that just like a brick and mortar business, an online home based business requires that you do what is normally called market research. You could focus on your passion and research whether people are interested in it. I urge you to check this review of an online platform,  for more that can help you turn your passion into a lucrative online business.

4.Not putting in reasonable start-up capital

Some people have been deceived that an online business can be started without putting in reasonable start-up capital to help kick start the business. My advice is that you should treat your online business like a real business if would like to reap what you saw. The most important thing that you need to do is to identify what the business will require such as a building a website, developing a logo, hiring people to help you with some of the things that you need to build a strong online business or even marketing your business.

5.Undervaluing what you’re selling

It is common for many people to undervalue what they are selling online. My suggestion is that you need to seek assistance if you have developed a product that you will be selling online. I have seen instances where some people put up their online business for sale but unfortunately, you would find them undervaluing this kind of product. As I say, there are several platforms you could check if you want to subcontract people to help you with whatever you want to do online. In some cases, you could do your own research on where to get help free.

6. Ignoring customer service

 One other mistake people make is taking things for grant and not giving customers value for money. Like the brick and mortar business, an online business requires that you provide quality customer service. Failing to do so could result in your online business collapsing. I would urge you to ensure that you take good care of your visitors. For instances, you need to respond to the comments made by your visitors as regularly as you could whether they are making negative remarks or positive remarks. Do not take the comments personal when people comment on your website or blog. It’s important to stay positive at all times.

7. Giving away too much and getting nothing in return

One mistake that people make is giving too much and getting nothing in return. While I agree that content is key in the online business, you should be cautious not to provide too much when you actually don’t get anything in return for your effort. My advice is that you provide a teaser and let your visitors yearn for more from you. When they ask for more then you should over-deliver. There is no free lunch!

8. Spreading yourself too thin on social media marketing

Spreading yourself too thin on social media marketing is a serious is a mistake that could take a lot of your effort and energy. I have seen people advertising or trying to engage their customers on all the social media platforms such as Facebook, Twitter, Instagram, Google plus, Linked In. etc. This can lead to you not making the impact that is required. You need to choose one or two social media platforms and focus on them for more results.

9. Underestimating the drive it takes to succeed

As indicated earlier, there is a lot of hype and fluff about making quick money online.Make it happen This is a serious deception which usually mislead people who are particularly newbies thinking that it’s easy to make money online without much effort. Like any other business, online businesses require sweat and blood before you could get tangible results.

10. Assuming that it is one size fits all

Assuming that it is a one size fits all is another silly mistake that people make online. Some assume that if another person is successful online then they can also easily become successful too. Some also believe that if you use the same online platform then you could also be successful. They tend to overlook the geographical locations, financial inputs, and other resources required to make the business profitable.

As indicated, there are some free online businesses that are profitable. Click here to join FREE.

I hope this was helpful to you. Let me get your views or comments and I will get back to you shortly.

Stay blessed!

Benny Smoms

Benito

 

About the Author ()

My name is Benito Semommung, aka “The Wealthy Ben”, an affiliate marketing consultant, freelance writer and online business owner. I am the owner of secretwealthcreation.com, an online business for sharing information on wealth creation online and financial freedom. My life purpose is to care deeply, love intensely; to joyfully explore, learn, grow, and prosper; and to creatively help others achieve their full potential, and to serve the Almighty for the highest good of all.

Comments (34)

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  20. Matthew Thomas says:

    One of the most prevalent issues I see with hopeful internet entrepreneurs is not being committed to the process for the long haul. They think quick and easy results should be seen almost immediately, when in reality, that’s rarely the case. It takes time and effort to build up an income-generating business, but the potential is absolutely astonishing over time. A 2-3 week commitment simply isn’t going to get it done. In my experience, a website is never truly “complete” – it’s a constant work in progress.

    • Benito says:

      Hey Mathew,

      It’s great to get your views and insights in the online business. I can’t agree more with you because majority of people tend to look for overnight riches. When that doesn’t happen they quit and start labeling internet marketing as something bad.

      Cheers

  21. ENKING says:

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    Kind Regards
    ENOH[ENKING]

    • Benito says:

      Enoh,

      Thanks indeed for passing by and reading my posts.

      It’s a great pleasure to hear that you found the information that I share here most useful.

      I will surely continue to deliver valuable content to those who are visitors of my site.

      Let me also wish you the best of luck in your online business.

      Cheers.

  22. Darren says:

    This is a great list of tips you have here and I’m bookmarking this page for continual reference. Lack of focus has been one of my greatest downfalls over the years I think, and the not researching thoroughly enough is another. I made many of the mistakes on your list and don’t plan on repeating them, that’s why I want to keep referring to your article to make sure I don’t slip up. Thank you.

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