I see it time and time again.
People anxious to jump into online marketing make the same mistakes over and over again when trying to earn extra money online.
They spend 100′s even 1000′s of dollars trying to find a shortcut to generating revenue online, and in the process they never actually get anything done. They end up frustrated, bitter and broker than when they started.
I thought I’d point out the most common newbie mistakes, and if you have ones to add please leave in comments section.
1. Failure to take action
So many new online marketers get so hung up trying to come up with the perfect idea or niche that they never even get started. Sometimes you just need to dive in with a simple idea and get your feet wet until you find a better one. Consider it a training niche.
2. Paying too much for domain registration and hosting.
You should never pay more than $10 per year for a domain name, and 99% of all internet marketers will never need to spend more than $8 per month for domain hosting. Don’t get taken for a ride on these basic expenses. Check out Godaddy.com, Namecheap.com for registration, and Hostgator.com or Bluehost.com for hosting. ( I don’t recommend Godaddy.com hosting.. make sure your host has Cpanel)
3. Using Duplicate Content
Don’t use articles from article site or private label content without spinning (re-writing article) it well. It’s a big misconception that you can just copy articles from article sites and get tons of traffic. Your content must be original or well-spun in order to get the search engines to index your page.
4. Posting too many ads
Some new site owners have a tendency to post ads all over their site in the hopes of making more money. And if you have a high traffic site you might make more money, but you will also lose your readers. Provide quality content, get the traffic, and make your ads blend in and the least obtrusive as possible.
5. Buying into Traffic Schemes
There are very few shortcuts to mass traffic. The only thing you should spend money on in regard to traffic is running a quality PPC campaign or buying a link in a premium directory like Yahoo’s. Traffic Exchanges have some value, but the conversion rate is extremely low. Unless you’re building a large amount of passive credits via referrals, it’s tough to be profitable when you factor in your time.
6. Not understanding CAN-SPAM Compliance
Spam is unsolicited email. You can not send email messages to someone unless they specifically request to join your list and receive your messages. They must “Opt-in” to your list. You can not just put your contact info in the footer of the email and be compliant. If you want to send email or newsletters, you must use a third party service like Aweber so that you are compliant and NOT spamming your readers.. At the very least make sure you are using software that records the signup date and IP information of those joining your list.
7. Joining Fly-By-Night Network Marketing Programs
I think I can make my point pretty quickly here. Over the last 15 years I’ve been given “high placement”, “great spot”, “top of matrix”, “under the owner”, “under a heavy hitter” in dozens of online MLM’s. I’ve spent thousands on them, and even when you factor in money I’ve made in high-profile MLM’s.. I have not made a profit. There are some solid MLM’s out there with great products. But the chances of the average person making a profit are probably 1 in a 1000.
Only join an MLM if the product sells itself and you never have to mention there’s an opportunity involved.
8. Trying To Compete In Highly Competitive Niches.
I’ll ask a newbie marketer what their niche is and they say “Dog Training”, “Credit Repair” and the dreaded “Make Money Online” niche. The truth is.. just because you hear about loads of people making money in a niche doesn’t mean you should get in it. Why?
Because you’ll have to compete with those people for top placement in Google and market share. Newbie marketers need to find untapped niches that they can rank quickly for in Google. And the “Make Money Online” niche is the absolute worst niche you can get into. Especially if you’re a newbie marketer whose never made a dime online. It’s so super competitive you’ll probably never rank in the top 500 in Google, and without real social proof you’re making money, it will be extremely difficult to make any sales.
You know what the secret to most of the big “make money” gurus is?
They made tons of money in obscure niches before they ever began teaching people about making money.
Find an obscure untapped niche.. that’s where the real money is.
9. To Be Added From the Comments – Leave Your Ideas
10. To Be Added From the Comments – Leave Your Ideas