5 Of The Biggest Lies About Starting & Running An Online Business
I was reading on Warrior Forum that 99% of new online marketers fail. I’m not just talking about building a blog that gets traffic but trying to making money online.
Those numbers are absolutely astounding but it’s not surprising because many newbies just give-up after a few unsuccessful tries.
As you can see above, starting an online business can be either very profitable or a complete waste of time.
Which one your business falls into is based on your niche, focus, drive and how well you forget paste failures.
I’ve come a long way but I remember when I first started, the crazy looks I got when I said I was going to be making money online.
People actually believe making money online is full of lies and sometimes a scam. Cool with me because I see it as more space for me.
Here are 5 of the biggest lies or misconceptions about internet marketing and making money online.
1. You Must Know HTML, Programming And Graphic Designing
This has to be the biggest misconception ever about starting a blog or online business.
When I first got started, I went to my local library and checked out 5 books on HTML coding. Never used one of them; in fact, I ended up owing the library 20 bucks in late fees.
Knowing this stuff is great but not a necessity. Check out my post on 9 things you can get done for 5 bucks.
If you have a specific job you’re looking to get done, I suggest posting it in iWorks also. It’s a great way to get word out of services you need or provide.
2. Starting & Running An Online Business Is Expensive
Yea right! Starting an online business has to be the only business where the first year will not put you in the hole.
Running an online business consists of 3 main things:
- Domain name
Buying a domain name is fairly cheap and will cost you between $1 and $15 depending on who your registrar (websites that sell domain names).
At times when I pay for hosting I feel like I’m getting over. I get unlimited websites (really unlimited everything) for only 10 bucks a month; I make that almost everyday. You can read my review on my hosting company here.
As for pricing, hosting only costs around $3 to $10 a month for basic services; this is all you’ll need when first starting out.
Advertising is the only expensive part of owning an online business. It will cost you either in time or money.
You’ll spend a lot of time if you want to save money and vise versa.
Advertising can be on social media, PPC, offline, etc. It’s just a matter of getting what you’re doing in front of as many eyes as possible.
If you want more info on getting started online, check out “Start A Blog In 7 Days”
3. Don’t Need To Know How To Sell
Once again, YEA RIGHT! The day I focused on selling rather than just typing stuff, my online business grew.
It’s a fact that most people who start online businesses don’t focus on learning how to sell. I know this because of the millions of products on Clickbank that never get one single sale.
You need to learn how the human mind works; in order to gain the interest of people. You’re main focus should be to learn what triggers us to buy; especially in these times gaining attention is harder than ever.
It’s not all about learning how to sell though. You also need to test and see what works for you. One thing I’ve learned is what works for Billy might not work for me.
4. You Don’t Have To Build A Mailing List
This is something I have mixed feelings on. It’s great to build a list because it’s a list of people who are interested in what you have to say.
It’s a great way to make money if you can find the right products to market to them.
It’s tough because effective email marketing is an art form that is learned through a lot of testing and trial and error.
It’s just a matter of staying in touch with your followers on a regular basis and giving them what they signed up for. Keep this up and you’ll be able to “print money on demand” as some top internet marketers say.
5. Making Money Online Is Easy…. Almost Push Button
Yea freakin’ right! Just like anything in life worth having, you’re going to have to work for it. Making you think it’s easy is just the selling point.
It gets a lot easier once you learn.
Learning consists of getting a thorough education, peddling through all the BS and learning from trial and error.
Now don’t think education is sitting in a class with books. It’s more of finding quality information (like this) and storing it in your memory for when it’s needed.
Once you figure out your direction and create your goals, it will become a lot easier. It’s basically having in writing what you want to do with your online business.
There are parts in running an online business that I once struggled with but after trials and errors, tons of testing, learning from mistakes and coming up with new strategies, things became a lot easier. I’m sure most will agree.
The main focus of starting an online business should not be to make money. This is where I think many make their mistake.
In my journey, I’ve seen my most valuable asset other than the money is the freedom.
I wake up when I want to, work a few hours a day (usually from Starbucks) and checking the mail box is no longer boring; besides all the “spam” junk mail.
Once you taste a dose of this freedom, you’ll become addicted to it and will fight for it.
This is why I say it’s not easy but it’s worth it. I see this lifestyle as something I’d fight for.
I’d rather struggle to be free than to allow someone else to control my time and I mean that with every taste bud of my tongue.
If you haven’t started an online business, what are you waiting for! It’s truly rewarding and you’ll be thanking yourself every morning when you look in the mirror.
Thank you for reading this post. Please share it and allow others access to this knowledge.
I wish you a blessed day