Home » Business » Home-Based Business

How Not To Make An Online Income

Jul 12, 2008
The internet is fast becoming the seat of networking socially. Many people make lasting relationships with other people they meet virtually. Sometimes complete strangers who meet on the internet often marry, delve into deep relationships, or simply become best friends.

Virtual social networking seems like fabulous place to meet and greet people from all over the globe. It also seems to be a wonderful place to be creative and expressive without the worry of weirding out your family and friends.

Go ahead, show your dark side, indulge in morbid humor, display pictures of your ill kept yard. The internet is a great place to find bargains and sell junk you don't want or need anymore, at least if you know the where and how.

Along with the many ways a person could make money online come the many ways it could go askew. It takes a lot more than common sense; it takes knowledge to maneuver through the crowded internet and set up an income maker. How common is common sense? Compiling a list of all the common things that should not be done when setting up a virtual shop or business will you get off on the right track.

Do It Online. There are many choices when it comes to services offered by experts. Sometimes these are free or for a low price. Many of these will help you understand the three w's; who, what, why, and how of online money making. Many of these professional services come in custom or all inclusive packages that suit your needs and the needs of your business plan.

These can vary from earning degrees and certificates in virtual schools to introductory materials and key entry businesses. Many more cover the complex arena of setting up different virtual business prototypes. Use them, don't go it alone. You need a lot of help, preferably professional help, to get the job done right.

Virtual businesses require a lot of products and services to make them work right. Micromanaging by yourself increases failure rates and decreases productivity.

Forget about social networking. Leave that for making friends a ranting about your life. The secret formula rests in market networking. There are plenty of online conferences and conventions that allow you to simply walk in the door and pass out your business card.

While it's wise to still walk into conferences with business cards physically, doing so virtually can leave your footprints right back to your business for a long time. There are also social networking sites for businesses. They come with accounts you can set up for free and that allow you to advertise yourself, your product, or your brand.

A well used social networking site that is made for business can serve a new or veteran business owner well in the virtual world. Think of it as the local country club, not the local pub. You use them simply to get the word out about your niche of expertise and allow others to know you are in business and you're here to reciprocate to them. It's sort of like in person social networking on caffeine. The word spreads fast.

Concentrate your efforts on marketing only. After you have developed your virtual store front and made sure that it has all the hall marks of a good business model. Such as good design, well thought out and edited content, engaging content, consistently updated content, and simple to use site navigation, then you need something that keep visitors coming back.

Develop constant research on your products. Update and upgrade products. You need visitors that become satisfied customers and who do recommend you to their friends and family.

It would be nonsense to put all the time and effort into marketing for a virtual site that is so low quality nobody wants to come back. In the end you would not have any repeat business, which is the driving force behind growth. It only takes a second for a visitor to mouse click their way right past you.

Plunge right into that icy water. The biggest mistake new virtual business owners make is jumping into the shark infested waters without knowing how to swim. Many think they can simply surf their way right into massive income without investments or knowledge. They thing that just a few minutes to set up a site and do some marketing will do it and then poof, they are shark food.

Investing time and energy into product development, personal branding, researching every aspect of the online world market, researching marketing techniques, understanding the rise and fall of products and customer desires, site development, affiliate marketing, building a business network, all of it takes time and intense effort.

What is your market niche? Who is your target customer base? What angle does your product or website take? Because frankly if your spelling is no good and you are trying to sell priceless antique to toddlers, you may hear crickets real soon.

People don't want to be sold to, they don't want to know much about you, they don't want to know much about your why; they simply want to know if the product solves something for them.

This list is by no means complete. These are just the many do not's and what really works when it comes to online marketing. You can make money in a virtual world if you know what you are doing. You have to know how to communicate with it and be consistent.

You need to know what the pitfalls look like so you know how to avoid them. You can only make a little money with a poor product or website. You can make great money with an average product or website. However, you can make massive amounts of money if you play your cards right, know who your up against, and learn to flow with the market, not with your emotions.

Making money online is the new model of the future. And a virtual company can help you to earn a full time income and eventually work part time. To start off right you need to do it right the first time and with honestly, and this takes an abundance of hard work and knowledge.
About the Author
Discover Kevin Sinclair's system for making profits regardless of whether anyone joins your network marketing business.
Rating:
Please Rate:
(Average: Not rated)
Views: 140
Print Email Report Share
Article Categories