10 Myths about making money on the Internet
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MYTH #1: It's Easy... Everyone's Doing It.
Sure, lots of people have tried to start a business online. But how many of
them actually *stick* with it and earn a reasonable profit? It's not uncommon
to see estimates that 85-95% of all Internet businesses fail within the
first year.
An online business is still a business. It might be more affordable to start
than a traditional 'brick-and-mortar' business, but online business has its
own set of challenges.
MYTH #2: You Only Have to Work a Couple of Hours a Day.
How many business owners do you know that work only a couple of hours a day,
especially when first starting out? There is plenty to learn about building
a long-term profitable business online. Long hours and hard work are required
for ANY type of business -- even on the Internet.
MYTH #3: Build A Website and the Masses Will Come.
Consider this: there are literally billions of web pages available on the
Internet. Your tiny little website has to somehow stand out from the rest. This
is no easy task! It's essential for every Internet business owner to learn
how to effectively promote his or her site to attract the *right* people --
not just the curious who might browse and leave, but those who have an inherent
interest in your products and services.
MYTH #4: I Can Do It For Free!
Again, an Internet business is still a business -- and every business
requires an investment. Marketing can be significantly cheaper online, but not
everything can be done without cost. Even the very basics such as registering a
domain and hosting your site are costs you have to pay every year.
MYTH #5: It's Fast.
Success isn't built overnight. Anyone can create a web page and open up a
website for business... but it takes time to learn how to attract visitors to
the site and then convert them into paying customers.
MYTH #6: It's Perfect Because I Never Have to Deal With People.
Email is undoubtedly a convenient tool, but as easy as it is to forget,
email messages are still written by people. You cannot shield yourself from
interaction with real people. Even if you do most of your business via email,
there will be times when it's more appropriate to speak to someone over the
phone
or even face-to-face.
MYTH #7: I'll Have Lots of Free Time and Flexibility.
You might... after you've put in the time and effort to build your online
business to the point where you don't have to monitor it constantly.
Realistically, this can take *years*. Until then you'll be doing what most
start-up
businesses are doing: learning to build profits and putting in long hours.
MYTH #8: I'll Make Money While I Sleep.
Certainly you can -- but again, not until your online business is receiving
a steady stream of targeted traffic and paying customers, and you've learned
how to automate the appropriate parts of your business. Even the most
beautiful site with the most incredible products is utterly useless unless
people
can find it.
MYTH #9: I Just Have to Follow a Guaranteed 'System' to Become Successful.
There's no such thing as a 'guarantee' for success. The very best
information in the world won't do you any good unless it's put to use! We're all
individuals with our own skills, experiences, and interests. No 'system' can
account for all these differences.
MYTH #10: I'll Make My Fortune On the Internet.
Perhaps you will. Are you willing to put forth the effort?
Peter Hinterstoisser is the author of "10 Myths about making money on the
Internet". He has helped thousands of individuals
succeed online. Visit his site to find out more!
http://www.chance4success.comhttp://www.pluginprofitsite.com/main-3315or mailto:
chance4success@...--
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