subject: Three Internet Marketing Mistake Often Made [print this page] Three Internet Marketing Mistake Often Made
There are many components and facets to successful online business, but it's not rocket science or a secret - and if you take action it's still possible to live the life of financial freedom. Today we'll talk about some very common mistakes that can set the stage for other mistakes that can just kill all motivation to succeed.
Two primary goals for your online business need to be early and consistent profitability and then strategies for future growth. It's a fact that most IM businesses fail to see profits, and their blaze of fire and motivation weakens until they're finished. Many marketers do not bother attempting to create an email list, and that is one of the most powerful marketing methods within IM. Email marketing is synonymous with follow-up marketing, and that method is known to capture future sales that otherwise would have been lost forever. The ability to do follow-up marketing is one of the main reasons for creating an email list. If for example your site is selling a "gardening" ebook and is converting at 0.5% or less than one sale out of every 100 visitors, you would want to increase the conversion ratio. Not everyone has success with list building, but you're able to create one then you'll have a good shot at increasing conversions. First of all, you'll be able to add a good amount of prospects to your email list and secondly, you can follow up with them about your product and explain them how it can benefit them. There are a lot of reasons for it, but you'll find that your conversions should increase after the first group of subscribers have seen your emails about 7 or so times. Of course in time you can begin to monetize your email list in other ways such as quality joint venture offers, etc. Researching a market before you even enter it is important but many Internet marketers make the mistake of ignoring this step. You do need to know if your market spends money, not all do, and if there's enough volume to even bother with - things like that. You may very well discover that a particular market, or product, will not provide sufficient returns to justfiy getting involved with it. Is your market full of people who buy, or are they desperate to find a solution to some particular problem? The answers to these important questions will enable you to either go forward or pull the plug on it. Never proceed with anything until you can at least get some good and solid idea about the answers to those questions.
Never, ever believe the myth that you'll become rich overnight with online marketing. It's true and complete fact that tons of IM marketers make thousands each day, or hundreds of thousands each month, but it definitely took them time and hard work to get there.
This just goes on to show that there is nothing called "overnight success" in Internet marketing. You will have to do it the old-fashioned way with patience, dedication, and hard work. That is how it's done, and you can achieve it a lot faster than you think if you use the right mindset and approach. Online marketing can sometimes be quite challenging, but that's to be expected as are the occasional mistakes - just keep forging ahead and taking action.
