The Secret to Making Money Online is this.... Get Rid of Your Worst Enemy!
If you ask a group of struggling entrepreneurs why they are not making any money, I am sure you will find a few common statements in their responses. Most will say their biggest challenges are lack of support, finances, time, assistance or all of the above. Few if any will acknowledge the fact that their biggest challenge is getting rid of their worst enemy, which is more than likely themselves. Their mindset, their fears, their bad habits and unrealistic expectations converge into these over powering alter egos that make it almost impossible for them to succeed. They get stuck focusing on the wrong things while the right things pass them by.
Here are 15 Reasons You Aren’t Making Money Online
1. You believe that it is easy to make money online. Web Entrepreneurs with this belief generally spend more money than they make because they buy into all the get-rich quick gimmicks. They only invest in ready-made business ventures that are supposedly easy to set-up, but difficult to profit from. They only try basic marketing strategies and get frustrated when they see limited results. Making a dollar online can actually be ten times harder than making one offline, if you believe that you are going to get anything easily or for free.
2. You can’t get your business past 1st base. Creating a website and/or blog is important, but it is only the beginning. Your online business isn’t going to make money simply because you created it. You have to understand how to optimize your site for search engines. You have to aggressively and consistently market to your target audience. You have to proactively retain your old customers while making new ones. Products, sites, and services do not sell themselves. You have to make use of marketing strategies if you want to make more sales.
3. You are running in place and you don’t know it. Some people call themselves entrepreneurs, but they are really just full of ideas. They think about their businesses and talk about them so much that they feel like their working, but they are not. Turning a potential business idea into an actual business plan is the most daunting task for the average entrepreneur. An idea does not make money, but a good business can.
4. You are trying to sell something that doesn’t exist. Don’t waste your time trying to sell people a product that does not exist. I know the excitement of getting your business off the ground can often lead to promoting prematurely, but don’t fall into that trap. Don’t promote your site if it is under construction. Don’t try to sell a book you haven’t written, or a service you have yet to actually implement. Don’t focus on logos and business cards before you map out the foundation of your business. If your presentation is poor or you have nothing substantial to show, no one is going to buy what you are desperately trying to sell.
5. You operate your business in survival mode. Entrepreneurs who are in financial hardship or are struggling to make money tend to work in survival mode. They take whatever money they can get, even if it means dropping prices or making difficult compromises. If you don’t set your own standards your business will not grow. When you encounter a setback or loss, don’t cheapen your business to stay in business. Maintain your standards and invest in business solutions that will help you improve your profits in the future.
Read all 15 Reasons and find out how to fix them right now! Download my latest eBook: 'Selling Your Products & Services Online'
After getting great responses from this post I decided to add one more!
6. You price your products and services incorrectly. Never price your products based on how much you think people are willing to pay for them. Never sell your services for less than what they are worth because you are worried about making a sale. Never price your products for a $1 in the hopes of making one million sales. You have to be realistic. How many products can you produce on your own? Including your time and expenses, how much is your product worth? How many sales can you realistically make every week? If everything you sell is less than $10 and you are struggling to make 10 sales, are you really making any money online?
BBWO Exclusive $15 Discount Code: BBWO
Click Here to Download
url: http://www.e-junkie.com/lhenry
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Good list LaShanda. I'll just add my response because I know too many people who never get past that idea and talk mode. Do your research, zero in a profitable product/service AND target market, prepare you business plan and EXECUTE. This takes work but it is amazing how many people get stuck at this point and never make their entrepreneurial goals a reality.
LOVE points #5 & 6!!! Wooo hooo!!! Here's why:Sometimes out of desparation and to make a "fast" buck we drop our prices and when we do that like mentioned above the actual value of the product is cheapened. Case in point: One of our Sistahs placed a Yahoo Group post recently announcing that she was selling some items for $1 that I know are REALLY worth $3 or more. I gave her a number of suggestions she could use so she could sell the products at the $3+price they were worth AND still move them quickly. Her response was..."I was just trying to get them out fast"! She agreed that my ideas were good and she would give them a try. I'm looking to get some positive feedback from her soon. Diane in NYC. PS: Never sell yourself short, it's NOT worth it in the long run! Please follow me on Twitter! http://twitter.com/gnatural
After getting great responses from this post I decided to add one more!
6. You price your products and services incorrectly. Never price your products based on how much you think people are willing to pay for them. Never sell your services for less than what they are worth because you are worried about making a sale. Never price your products for a $1 in the hopes of making one million sales. You have to be realistic. How many products can you produce on your own? Including your time and expenses, how much is your product worth? How many sales can you realistically make every week? If everything you sell is less than $10 and you are struggling to make 10 sales, are you really making any money online?
Lashanda - you can disregard the email I sent you from my oh so chic @ yahoo acct. i was able to DL it once i reset my router. I dunno...kinda weird, but I got it and am getting to work.
Great Kandice! This one is definitely my best by far. Of course you know I had to give a preview copy to all my Coaching Students along with an extra exclusive discount!
LaShanda Henry > Oh So Chic! BoutiqueDecember 7, 2008 at 8:54pm
Just for you, this is what I will do, send me an email - lhenry@msoyonline.com, I will send you a paypal invoice and then email you a copy of the guide!
Replies
Sharon
http://www.newurbanmom.com
6. You price your products and services incorrectly. Never price your products based on how much you think people are willing to pay for them. Never sell your services for less than what they are worth because you are worried about making a sale. Never price your products for a $1 in the hopes of making one million sales. You have to be realistic. How many products can you produce on your own? Including your time and expenses, how much is your product worth? How many sales can you realistically make every week? If everything you sell is less than $10 and you are struggling to make 10 sales, are you really making any money online?
BBWO Exclusive $15 Discount Code: BBWO
Click Here to Download: Selling Your Products & Services Online
url: http://www.e-junkie.com/lhenry
Julie
Coaching Programs Include
Web University - www.workandwebwomen.com/join
Women of Color Coach - www.businesswomenofcolor.com
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