Some Things to Think About Before Starting an Online Business
Online Business – 5 Ways to Lose Money While Making It
By Liz Ferguson
Please don’t get me wrong, there are many people with good programs out there who are 100% genuine and its your job as a budding internet entrepreneur to find them. That’s a lot easier said than done, there are so many hyped up offers constantly bombarding your senses with their swooped up sales pitches and their empty promises. Here are 5 ways of losing your money if you choose to go down their paths.
1. BUY NOW before the price goes up; This trick of the trade seems to work otherwise they would move on to greener pastures and try a new stunt. Don’t be fooled by it. I have followed a small few of these offers and returned to them several days and even weeks later. The price seems to be the same next week and next month. Some of them even come up with a window just as you are leaving offering you their program at a reduced price. You were leaving so they figure that half the money is better than none. I have my serious doubts of these types of programs.
2. MONEY FROM HOME filling out ONLINE SURVEYS
This one reads great, sounds fantastic. Plenty of businesses just waiting for you to help them in their research by giving your opinion. Saving them heaps of money by finding out what ordinary people like you think thus preventing them bringing out lines that prove to be a flop as the public didn’t want those items. You pay $69 or $79 or whatever the fee to join is, you receive access to what looks like great training, looks good. You receive access to a database of heaps of companies to join, still looking good. Then you start following their system. That’s when I found the 1st problem: ALL the companies I joined, (approx 35) sent far too few surveys to ever be bothered with IF they paid for them. Also the pay was a pittance, nothing like we were told in the advertising for the program. I was offered anything from 20 cents (would you believe) to $1.50 to fill out surveys. There were far too few companies offered for Australians and many of the companies were only there to promote their own interests, not to pay you..
3. BECOMING BORED and QUITTING
This is a sure fired way to lose your money. If you work like this you can be 100% certain that your money is lost. Discouragement works the very same way. I have faced discouragement heaps of times but after a couple of days picked myself up and got back in the race. A quitter can NEVER win. If you have quit you are out of the race with no hope of making it. If its a good program give it all you have, stick with it and follow directions on how to make the money happen.
4. NOT QUITTING SOON ENOUGH
This is the flip side to No 3. Sometimes its better to quit a failing venture before you lose any more money. Its a tough decision to make if you are a go getter, determined and focused. I have found that I simply could not make something work for me the same as it did for another. I was in what sounded like a great system to affiliate market. Utilize $100 free startup credit to advertise a certain company which I was affiliated with in a pay per click system. I was given the ad to write, the key words, taught how to setup with the search engine and I would get approximately 4 sign ups to 120 clicks.
I followed directions to a tee and after my $100 was spent another $30 from my bank account and about 280 clicks with no sign ups I pulled the plug.
5. NOT DOING THE WORK necessary
Work is just a part of life. Its as necessary as food and water is to life . Work is fun. Work is healthy. The Bible has a bit to say about it. “All hard work brings a profit”
If you are not prepared to work, to learn, to read and to listen then DON’T WASTE YOUR MONEY!
To your success Liz Ferguson
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Tags: Access Database, Business Money, Business Online, Empty Promises, Greener Pastures, Heaps, Hyped, Internet Entrepreneur, Job, Money From Home, Online Surveys, Ordinary People, Sales Pitches, Starting An Online Business, Starting Business
