Wednesday, May 2, 2012

Making Money Online: Newbie Mistakes to Avoid

Christopher Reid Internet Marketing EntrepreneurChristopher Reid Internet Marketing Entrepreneur (Photo credit: Wikipedia)When making money online, there are some pretty universal paths to financial success, yet there are a ton of mistakes that are common among new internet marketers. These new kids on the block are referred to as "newbies." Newbies often have big dreams of financial success but, just as often, make the same mistakes that serve as obstacles in their path of achieving these dreams.
But there are some pretty common mistakes that newbies can avoid when establishing themselves as internet marketers. And these mistakes are highlighted below:
1. Don't give up too soon Newbies splash into the world of internet marketing, spend the next ten days developing their websites, become incredibly active forum users hoping to drive traffic back to their websites...and then disappear entirely. The hard truth about internet marketing is that it will take longer than ten days for you to see some financial rewards. The other hard truth is that it may take up to six months to a year before your first website becomes a hit. The good news? After you have established your first site, you get to replicate the results much more quickly the second and third time out of the gate. Don't give you too soon before you can see the rewards of your hard work.
2. Don't spam forums Popular internet marketing forums are filled with men and women who have honed their crafts. I actually don't often take part in the conversation on forums for fear that I don't have much to add to a thread. Newbies, however, are not as economical with their knowledge and often point people to links that even have less value. Additionally, develop a signature link that is specific to you.
3. Increase your action ratio Often times, newbies get lost in a process that I call information saturation. They spend their hours online reading and reading and reading, rather than doing. Or they find a product and think they will spend time promoting it, only to be distracted by the next new shiny object in front of them. I suggest that all newbies decrease their research time and increase the amount of time they spend implementing their business plan and online presence. Please don't misunderstand me: Research is necessary, good, and important. But at some point, you will need to act!
4. Pay attention to your reputation In short, don't be the guy that everyone hates. Learn how to develop relationships with those who can help you and, in return, learn how you can teach others and help others out. Nobody likes to help that guy they hate.
5. Cloak your affiliate links I didn't understand what this meant when I first started out trying to make money online and I wonder how many affiliate sales I lost. It is absolutely crucial that you learn how to cloak your affiliate links when promoting a product.
I will be honest. The reason that I am so blunt with these tips isn't because I despise newbies--it's because I used to be one of them! It is important for us to share what we have learned to make the path just a little bit easier for those who follow us.
Jay Monroe is passionate about people making money online by creating a smart passive income. He believes that it is something everyone can participate in, regardless of education level. Follow his free step-by-step approach to financial success.
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