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+ Techno World Inc - The Best Technical Encyclopedia Online! » Forum » THE TECHNO CLUB [ TECHNOWORLDINC.COM ] » Techno Articles » Finance » Ebay Tips and Tricks
 5 Internet Business Myths That Keep Success At Bay
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Author Topic: 5 Internet Business Myths That Keep Success At Bay  (Read 767 times)
Daniel Franklin
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5 Internet Business Myths That Keep Success At Bay
« Posted: September 25, 2007, 10:00:07 AM »


Interested in making a full time income running an internet business?

Well, one of the first things you need to do is forget a lot of the "myths" that keep being repeated online. Let's go through five of them here:



Myth 1: "Running a successful online business is easy".

No it isn't. No business success comes easy.

If money was really that easy to make, word would spread and everyone would jump on it, including investors!

Business doesn't work like that - it's competitive, and because of this requires hard work and vigilance.

If you treat your internet business like a job, and always do your very best for your boss (you), then you're off to a great start.

That said - if you're only looking to make $200 extra a month, or even $500 extra a month, that IS easy. Just sell some odds and ends on eBay. A part time income is not particularly difficult to achieve online with online auctions and other outlets like Amazon Marketplace.

But - if you're looking for a full time income, you need to work at it. There is no "secret formula", never was and never will be.

Myth 2: "Running an internet business costs next to nothing".

Well, somewhat true, but it misses the point.

You can run an online business very cheaply (my basic running costs are around $150 a month - hosting, autoresponders...etc) but if you want your business to grow at very low cost, you'll have to do all the promotions for free.

Free online marketing tactics generally take time to work, and require a lot of elbow-grease: writing articles to distribute, writing pages to get search engine traffic, creating products, building up an affiliate program, getting links in to your sites...

Alternatively - if you want to speed things up, you can advertise. And depending on how well your site converts visitors into customers, and how targeted your advertising is, you can grow very quickly that way.

If you're interested in putting a few hundred dollars aside into an "advertising fund" and trying to build your business quickly that way, pay-per-click advertising would probably be the best way to start.

Focus on Google Adwords

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