And so I came up with the ten common mistakes when starting an online business. I would like to share this to my friend as well as to you. The question is what are the mistakes made in starting businesses? For sure newbies love to know about this so that they can avoid such things.
Below are the Top 10 mistakes made when starting an online business:
1. Waited too long for Product/Service Launching.
People used to wait to have more subscribers before they offer something. Others can't find time to blog or podcast their products/services. If you're trying to build a business, you need to take the risk head-on. It's creating something that no one will pay for.
Trying to solve a problem that nobody cares about it is one reason why business fails. Look for more important problem and not a bigger audience.
3. Not listening to customers.
"They say customers is always right," yes because they know what they like to buy or not.
Listen to them always. Listen to those who say that they won't buy and find ways to know why. Customers always have answers for your business.
4. Not being distinctive.
I think all Business has competition, all you have to do is to be different from them. Give your customers the reason why they have to choose your offerings over the others.
Think like a customer, try to be much better!
5. Choosing the right products/services.
Some people, forget to choose the right products/services. Make sure that you have a passion for this. This is something that you like and care about.
It's not right to us what the world needs. Ask yourself what you can offer and do that to live.
6. Wrong expectations from the start.
Building a business is a big endeavor, and it's not easy and very quick.
You can't do it with a full-time job. It will be much harder. Doing a business with other things will probably fail because there is no overnight success, and these are the hard truths.
Ask this to yourself before building your own business;
- Will be building this business still be worth it if it takes years to get there?
- What if building the business is harder and more stressful than your current job?
7. Spend time planning but not doing it.
If you want to be a successful entrepreneur, you have to be the worker-bee mode and the CEO mode.
I remember what Thomas Edison says that "Genius is one-percentinspiration, ninety-nine percent perspiration."
No one will succeed in business alone. You need people like workers, suppliers, etc. as well as customers.
Support from other entrepreneurs and other people with more knowledge and experience is needed.
While the support from the family and friends will help you face the struggles and other business problems.
9. Confuse in “blog” and “business”.
Remember a blog is not a business.
A blog is only your platform to share your ideas, to connect with people and grow your audience. It's just a tool that you can use in building influence.
A business is something that you earn a profit while offering something by products or services.
Sometimes we forgot to do the most simple things. We should always create a list of our goals so that we won't miss a thing in our plans, and then we should evaluate the over-all performance.
If things went wrong, we should figure out what how to make it right. Anyway, everyday is a learning process, especially if you are a noob.
Share your thoughts in the comments below. You might just help someone avoid a big mistake in creating online business, and if you think this is helpful, please care to share this post to your friends.
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