7 mistakes to avoid when starting an online business

7 Mistakes to Avoid When Starting an Online Business

Dr Ope Banwo[The Wealth Apostle]

www.TheWealthApostle.com

Founder, American Internet Business School

http://www.thewealthapostle.com/

1. Not having a plan of attack.You don’t need to have a formal business plan --

but you still need a plan.

Dr Ope Banwo[The Wealth Apostle]www.TheWealthApostle.com


2. Focusing too much on the technical stuff instead of the business.

Concentrate on tasks that will help propel your business to the next level

(traffic/funnel).



3. Not Having A Marketing FunnelYou must have a systematic plan

to turn your site visitors into paying customers.



4. Ignoring customer service.“Make sure you have some way of interacting with the people visiting your site,”



5. Spreading yourself too thin on social media.

Don’t blow your advertising budget at

the start.



6. Not Thinking Through early hires.When hiring look for

people who have the skills you don’t and embody

the qualities you respect.



7. Underestimating the obsession and drive it takes to succeed.

Big ideas do not come when you are trying to

manage every minute of your time.



8. Thinking that everything is one size fits all.

Just because a product or strategy has worked for one

company doesn’t mean it will work for you.

