Having an internet-based business is a bright, promising opportunity for those who are interested in making money online. Surprisingly though, in spite of the hundreds of thousands of people who try their luck, there are hundreds who do not quite make it. This article finds out why by discussing each internet marketing business myth. And maybe, shed some light to this disturbing fact.
Usually, it is the lack of proper thinking, planning and preparation that brings an internet business to its early demise. It is often thought that having an online business does not require much time, attention and work. These are the myths that lead people to their own business failures.
• Myth number 1: An online business does not require start up money or capital. While it is true that setting up an online business is far cheaper than setting up an actual physical business, it does not mean that you would not be spending some cash to get yourself started. An online business is still a business and there are expenses. What would you need to spend money on? Well, how about a reliable computer and printer? Or a fast internet connection/ Oh and here's one: business licenses and registrations so you would be conducting a legal business and not get into eventual trouble.
• Myth number 2: Profits will pour in as soon as you get started. An average business needs around six months to start declaring itself profitable. Or to even think there are already profits coming from the business. Thinking to make money online fast and relying mostly on your new business for financial needs is not recommended during the first six months, sometimes even for the first year.
• Myth number 3: Managing an online business is a breeze. Not quite. Perhaps it is easier to make money online in the sense that since you are mostly working at your own pace in your own home. But successful online business people have to devote more than the average eight hours every day to make sure that the business is running smoothly. Regardless if you hire people who would do most of the work, to make sure that you would make money in an online business, you have to supervise and monitor their moves and every single aspect of your internet business.
Article Source: http://EzineArticles.com/3897598
Wednesday 4 September 2013
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