31 Mistakes Every Online Business Makes

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Instead, find an employer that offers tuition assistance.

Trying to keep up with the neighbors is an age-old financial mistake. In the age of social media, when others portray their lives as perfect on Facebook or Instagram, it can spark your desire to live like them. There is nothing wrong with having nice things, but you have to make sure you can really afford it before acquiring them.

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We live in a gig economy, and everyone has a talent. Sell craft items on Etsy, flip secondhand merchandise on eBay, drive for a ride-sharing company or walk dogs. Any of these side gigs is a brick on the road to becoming rich. Big employers typically provide benefits like vacation time and health insurance. For example, some companies pay for gym memberships or have Employee Assistance Programs that offer free counseling sessions, referrals to child care or elder care, financial counseling and legal referrals.

Mortgage paperwork is a pain, but are you letting that dissuade you from some major savings? But what about your other outstanding debt like credit cards, student loans or car payments? Instead, look for lenders that offer debt consolidation loans that let you combine other bills with your home loan into a single payment. Little splurges along the way will keep you motivated and heading in the right direction. Or maybe you have a full cable package but only watch HBO, which can be easily added to your Amazon account for a minimal fee.

Your phone makes it easy to spend money on apps, but instead of making that financial mistake, put apps to work for you.


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One of the most common financial mistakes is not starting to save in those early years and missing out on the compounding effect of interest. If you want to know how to become rich, interest over the long term is at the top of the list. However, don't worry if you have made a mistake as the current income tax laws allow you to correct it. Abhishek Soni, CEO, tax2win. Section 5 of the Income-Tax Act allows taxpayers to rectify their mistake by filing a revised income tax return". This section states that if someone after filing their return discovers any omission or wrong statement, then he can furnish a revised return any time before the end of relevant assessment year or before the completion of assessment, whichever is earlier.

Assessment year is the year immediately following the financial year for which the return is filed. Also Read: 8 mistakes to avoid while filing ITR. Not making enough money in stocks? Click here for real-life stories of successful investors. Read more on income tax return. Income Tax laws. Revising ITR. Follow us on. Download et app. Become a member. For instance, your results are tailored to your location.

How can you leverage local search? One way I did this was to claim that Hyatt Hotel in Seattle where I live, as the location of my business. Not too shabby for a little tweak I made with local search. Most people who are not in marketing will think that social media is just a waste of time. You can build up your profiles quickly by sharing good content you create and find online. It may take about six to twelve months before your profiles become popular, so be patient. One of the easiest, most popular and most proven methods to getting exposure, traffic and leads is to write guest posts for other blogs.

There is plenty of opportunity out there. Sites like Huffington Post, Problogger and Lifehacker are always looking for new and fresh content. Too many companies create happy customers and then fail to leverage their happiness. That is truly missing an awesome opportunity to turn those customers into advocates.

Contact a few of your happy customers and ask them if you can do a case study for them.

20 Bonehead Marketing Mistakes You Must Avoid

This is essentially how MarketingSherpa built their business. When a successful campaign occurred, they would then flip them into a case study. As they generated interest in their company more and more companies started signing up. Eventually big companies came calling after seeing all the success they were having. Testimonials are also powerful tools.

Satisfied customers are eager to share their excitement about your company, so make sure you capture and promote that excitement.

Some companies have an elite attitude that ignores beginners, thinking that going after the experts will make them exclusive, elite and big time players. This will usually backfire since you insult the beginners and have to focus on a smaller market. Instead, treat beginners like royalty and you can then cultivate them into being loyal customers.

These guides could be short or long, but one thing they all share in common is how detailed they are. Once you create a high-quality guide, give it away.

Avoid these 50 mistakes when you make an advergame

This will generate exposure, traffic and lots of link to your site. This book ranks high in the search engines:. Click through and you get to their landing page where you can read the guide or download it. That might sound like a lot, but some of these companies that we acquired were paying us 1.


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Just search for some speaking opportunities in your city. To be honest, everyone starts off being scared of talking to an audience of strangers, but after a while you get used to it.

3. Recruitment

It will pay off big! For a cut of the profit, these partners will promote and sell your product. That cut of the profit motivates these sellers, so in a lot of ways affiliate marketing is performance-based marketing. This is also how Groupon was able to market their service , and grow their company. In fact, it was when they turned on their affiliate marketing program that they were able to grow like mad from to These events are going on all the time throughout the year, and they are excellent opportunities to meet new people, build relationships and close business.

Not everyone you meet will lead to business, but for every person you meet you suddenly know everyone they know. In other words, they might not be able to help you, but somebody they know could. You just need to ask them, but you need the relationship first. After spending time together we realized it would be a good idea to collaborate.

I hired him to run a conference company I co-owned. He made the company several hundred thousands of dollars, and eventually started his own company.


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  8. Get your name out there. I meet a lot of people who think that commenting on blogs is a waste of time. Pete Cashmore made Mashable popular because he would leave detailed and insightful comments on other blogs like TechCrunch.