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Make Money Online - 5 Mistakes to Avoid

Don't believe what all the Guru's tell you it's not easy to make money online. Via my Blog and forum I get to chat to lots of people who all have one thing in common they want to make money online. Often this is to supplement a poorly paying full time job, to bring in some extra money to help out with bills or just so that can get away from a mundane 9-5 job. Unfortunately about 95% of these people won't get to realize their dreams and be able to make a significant online income. There are 5 basic mistakes that people make when they set out on an online career. The sad thing is that most of these can be easily avoided with a bit of planning and preparation. Let's look at the mistakes and how you can avoid them.

1. Failing to Plan.

Working online is like any business you need a business plan. You also need to know your strengths and weaknesses. If you don't feel you can write articles and you don't have the funds to pay for a writer then you should avoid anything that needs a steady flow of unique content or articles. Find a source of income that will allow you to use your abilities. Don't be afraid to treat the first 6 months of your online career as an apprenticeship and learn new skills which will help in the long term.

2. You Believe all the hype in sales letters

Successful Internet marketers make their money by persuading you that you need their products to be successful. You don't. You just need to be prepared to work and often work hard. When I first started it took me less than 5 months to get my online earnings up to over $4000 per month. To earn that I spent less than $100. But I worked a lot of hours to get there.

3. You fail to control your spending

I've met lots of people who have spent thousands of dollars on tools and e-books and have yet to make any money. It's simple economics if you spend $1 you need to make $1 to break even. Before you invest in anything visit forums and see whats working for the members. Ask questions and test their methods yourself, if they make you a profit then consider investing the profit into tools that will help increase your income.

4. Lack of Focus

I am sure that if you've been online for any length of time you will have met someone who jumps from one method of earning money to another almost every month. Last month they were buying and selling domains and were going to make a fortune. This month they are affiliate marketing because there was no longer any money in domains. It's not that there is no longer money to be made it's just that they don't give any method a long enough chance to work or they haven't mastered the skills required yet.

5. You know it all already

Technology and the Internet are changing at an ever increasing pace. 18 months ago Blog and Ping was the best way to get your site indexed and ranking in the search engines then almost overnight social bookmarking and RSS feeds took over. You need to keep an eye on upcoming trends and ways of marketing. I've had well known marketers email me recently telling me that Hubpages or Twitter was the next big think in marketing...sorry guys I've been using them and writing about them for the last 9 months.

If you are reading this and can confidently say that you aren't making any of these mistakes well done. You are on your way to a good online income. If you do find yourself making some of the mistakes above well now you know what you need to do to make money online.