If you're thinking of earning money through Internet Marketing, you should know that the statistics are rather grim: Over 95% of people who try it fail. However, the good news is that for the 5% who are successful, money is literally raining on them. So, if you want to be part of the 5% listen up and pay attention because we're going to tell you the top five mistakes you need to avoid if you're going to be successful in making money online.
Mistake 1: Believing in over-hyped gurus and objects
Internet Marketing is literally an industry onto itself, and you will find many people who are peddling themselves as gurus or else are over-hyping products that promise to earn you thousands of dollars in no time at all. But guess what? These people are NOT your friends. They are merely trying to sell you something, and they're doing a great job at it by harping on your desperation to make money quickly.
If you really want to make money from Internet Marketing, the best way to go is by signing up with a forum website like Warrior Forum or My Affiliate Apprentice where they teach you step-by-step how to do things online.
Mistake 2: Trying to sell things
This will go contrary to what you already know, but you don't try to sell things in Internet Marketing, rather, you try to “pre-sell” products. There's a big difference between hardcore selling and pre-selling. Selling tends to insult the intelligence of your audience. Pre-selling, meanwhile, involves thoughtful consideration on how a product might benefit your target market.
Thus, if you really want to make a lot of sales, the most important thing you need to do is to discover your customers' hot buttons or why they buy things.
Mistake 3: Not following an action plan
If you sign up with a forum or buy a course in Internet Marketing, you will find action steps for implementing what you've learned. If you're like most people, you'll probably read the action plan once and then forget about it, or only follow it bit by bit. However, if you're serious about replacing your job with passive income from the Internet, you should follow through on any action plan that's laid out before you. Remember, if people are already making money from it, you can too.
Mistake 4: Doing everything alone
If you have any experience in building and managing websites, you already know that it can be a one-man operation. However, there are times when you do need to enlist the help of professionals, like when you want to make new graphics or when you need to change some coding on your website. The good thing about it is that you can hire professionals for really cheap. Simply go to Fiverr or oDesk if you need professional help.
Mistake 5: Expecting the worst
If you're going to do Internet Marketing, make sure you expect the best rather than the worst because that's what you're going to get sooner or later.