The drop out rate of people that try Internet Marketing and then give up is in the 90% plus bracket. Not a great statistic but if you are thinking about it then as long as you are well informed and avoid these common mistakes you will be in the 5-10% bracket of people that do make it!
Mistake #1
Fast Cash.
The number one reason for people dropping out is because they expect too much, too soon. When they don’t get it they quit. Starting up online for the first time is learning a brand new industry and there is a lot to take in and learn. When I started I made a loss in my first year, I set my expectations before I started though, I was setting up my own business and had so much to learn. I was still happy after my first year loss because in that 12 month period I had learned what doesn’t work and was starting to see what could and did work. I knew year 2 was going to be different and it would be worth the wait!
Mistake #2
Trying Too Many Different Techniques.
Online marketing has many sub categories, for example Affiliate Marketing, MLM, Adsense etc. Each can take time to master and the more you attempt the less you will achieve. Everyone will tell you that Internet marketing is about multiple streams of income. Yes this is true but the only way to achieve this is to take on one and master it first. Only when you have done this should you take on the next one. This links partially with the next mistake…
Mistake #3
System Hopping
When you pay your money and join one of the many online business systems, after a short space of time of not making any money there will be the temptation to hop to the next system you see being marketed. Save your money as the grass isn’t always greener on the other side. A good, experienced Internet marketer will take any of these systems and make an absolute fortune with them. Equally an inexperienced newbie will make nothing with any of them initially. If you are in a system already and not making money and thinking about investing in another don’t. Your money will be much better invested in some training on generating traffic or something equally relevant to your personal development in this industry.
Mistake #4
No Help Or Support
Many online business systems promote the person you join through being your mentor but unfortunately a lot of the so called “mentors” are so busy making their own fortunes they have little interest in helping you. Please don’t be tempted to go with the mentor with the pictures of the flashest car or home unless you have tested them first. Try and make contact with them before you sign up if they don’t respond in an acceptable time take this as a warning. You want an approachable helpful mentor. With the drop out rate I mentioned at the top of this article the mentors can get very rich and still have time to help dedicated, committed people. Any online business system has many people promoting it so ask what the individual will offer over someone else. Also what incentives they will offer to join them over other individuals. My help came from my mentor but also the other people in my marketing support group. When friends and family don’t understand or support your online venture having friends and support online makes all the difference.















