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Home Based Internet Business Opportunity - 5 Internet Home Business Mistakes

Feb 4, 2008
Are you looking for a home based business opportunity? Since you are reading this article, I assume that your answer is "yes".

Before taking up any opportunity, you should be aware of some common mistakes that new internet entrepreneurs made. Let us go through some of them.

1) Failure to plan

There is a saying, "When you fail to plan, you plan to fail." Yes, I know you may have heard of it before. But let us look at why failing to plan is planning to fail.

If you do not plan what you are going to do for the day, this may happen.

You sit in front of your computer for the whole day. 6 hours have passed. You realized that you have spent 5 hours surfing the net aimlessly. Does this happen to you? If your answer is yes, then one possible problem is due to the lack of planning.

2) Not tracking your campaign

Assuming you have done everything you are suppose to do. Squeeze page, sales page, autoresponder series, ppc campaign, submitting articles to directories etc. You manage to get a few sales.

Now, you want to improve your sales. But how are you going to do that if you do not know where your sales came from? Is it from the articles you have written, or from ppc.
All successful marketers track their campaign in details. It is only through tracking that you will know how to improve your campaign without second guessing.

3) Trying to do everything yourself

Perhaps when you first started as a newbie with limited funds, you may have to do everything by yourself. However, all of us only have 24 hours. There is only so much things that we could do for ourselves.

Once you started earning some profits, you may want to consider outsourcing. For example, if you are not a technical person, you should outsource the task to others so that you can spend more time on marketing. Ultimately, it is the marketing that is going to make you more money.

4) Not going residual

Consider the following 2 choices:

a) Promoting a $197 eBook with $90 commission.
b) Promoting a $47 monthly membership site with $20 commission every month.

Which will you prefer? I will definitely prefer choice (b). As you progress through your internet career, you will definitely want to consider going residual. You will get paid again and again just by putting in one time effort.

5) Ignoring big ticket items

If your target is to make a million dollar, how are you going to achieve it?

a) You try to sell 100,000 copies of a $10 product.
b) You try to sell 10,000 copies of a $100 product.

Which is easier? Don't you think option (b) is easier? A lot of people make the mistake of promoting products that only pay them pennies. Why not try to promote a higher ticket items. You do not have to work that hard but you will be able to earn more!

In fact, some people only buy high ticket items. Have you ever wonder why people buy branded goods? Are branded goods necessary better?
About the Author
Lubano Lim is a young and fun loving entrepreneur with a passion for helping others succeed in their business.

Looking for home based internet business opportunity? For a very limited time, discover the secret system used by many ordinary people to generate thousands of prospects without calling anyone... on complete autopilot.

Visit http://residualincomecash.com now for a free 12 days eCourse.
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