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SpinDistribute.com Article Directory

The following article was published in our article directory on December 24, 2013.
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How to Avoid the Biggest Mistakes of Online Entrepreneurs

Article Category: Advice

Author Name: Dalmahoy Partners

Are you planning to start an online business? You will need sound online investing advice to avoid making the most common and biggest mistakes of online entrepreneurs. It would be a complete waste of time and resources to commit these mistakes when all you have to do is to heed the advice of experts how have "been there, done that."

Starting an online business may be a cost-effective way for entrepreneurs to engage in any industry of their choosing. But blindly walking into the fold will lead to more losses than profits. Here is how to avoid the biggest mistakes of online entrepreneurs:

Lack of Value

As an online entrepreneur, you must create value for your customers. Why should your customers or potential customers buy your product? Why should they choose your product over the countless others online? Value is of utmost importance because it will be the emotional tug that keeps customers coming back and pulls new customers in. Create value for your products or services and you won't have to look for customers.

Lack of an Email List

One sound online investing advice you get is that you should have your own email list. You own an email list but you don't own thousands of likes and followers on Twitter or Facebook. Having your own email list will give you names of people who actually want your products and may even want to share your products and services to other people. An email list is a push mechanism that is nice to have especially when you have new products or services.

Lousy Website Design

If you think design is just for flair, think again. One sound online investing advice you can get is to create a site that is appealing to visitors. The first thing that your visitors or customers will see is the design of your site. Provide your visitors and customers with an unforgettable experience by creating a user-friendly and catchy design. Invest in a designer to create a website for you.

Interchanging a Blog and an Actual Business

A blog is not an actual business. It is a marketing tool that you can use to create influence and build an audience. Most beginners confuse their blog for an actual business. Giving away content for free does not make for good business, but a blog can help you reach new customers. You will need to invest in an actual business that sells your products and service online. So remember, a blog is not a business - it is a marketing tool.

Lack of Action

There are times when online entrepreneurs think too much and plan every single step they take. Doing is more important than planning every step you take. You must take action once the opportunity presents itself. Some of the best advice I've ever read on how to be successful by taking action was given by Scott Adams, the founder of Dilbert, the comic strip. Read it for yourself at the Wall Street Journal here.

Lack of Differentiation

Differentiating yourself from the many online stores that sell almost the same things will sink your business. Focus on a message and brand identity to keep you ahead of the pack. Understand who you are and what your business is all about. Your customers will clearly remember your business if you have one defining trait or message.

Keywords: Making Money Online, Affiliate marketing, dropshipping, online investing advice

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