Debunking the Top Ten Internet Home Business Myths
| Category: Top 10 Tips | Date: 2003-06-20 |
Spend a few days online and you'd think that the Internet is a community of multi-millionaires. Everyone seems to be making $10,000 each and every month using a simple, guaranteed system that requires virtually no work on your part ... and they're all kind enough to want to share it with you.
Every day we're bombarded with offers that claim we can make money quickly and easily on the Internet, often with a 'proven' system that 'guarantees' success. Unfortunately it's not as simple as some might have you believe. Here's the truth behind 10 common myths about building a business on the Internet:
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 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?
(c) Copyright 2003, Angela Wu
About the Author
Angela is the editor of Online Business Basics, an exclusive newsletter for eBusiness beginners. OBB features ongoing tutorials on how to build a profitable Internet business on a shoestring budget. You don't need a million-dollar budget to be successful! Find out how you too can join the thousands quietly earning a living online: http://www.onlinebusinessbasics.com/article.html
angela@onlinebusinessbasics.com
http://www.onlinebusinessbasics.com
Every day we're bombarded with offers that claim we can make money quickly and easily on the Internet, often with a 'proven' system that 'guarantees' success. Unfortunately it's not as simple as some might have you believe. Here's the truth behind 10 common myths about building a business on the Internet:
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 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?
(c) Copyright 2003, Angela Wu
About the Author
Angela is the editor of Online Business Basics, an exclusive newsletter for eBusiness beginners. OBB features ongoing tutorials on how to build a profitable Internet business on a shoestring budget. You don't need a million-dollar budget to be successful! Find out how you too can join the thousands quietly earning a living online: http://www.onlinebusinessbasics.com/article.html
angela@onlinebusinessbasics.com
http://www.onlinebusinessbasics.com
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