The Mistakes I Made You Should Avoid

I didn’t get to $10,000+ a month overnight. I didn’t make money on my first day. However, there was one thing which I made heaps of. Mistakes. However, as time went by I managed to learn from my mistakes and perform better, but it’s time you should know about it. These mistakes cost me hundreds of dollars, and
several hours of my life. These are the mistakes you should avoid.

When it comes to making money online, I am good at it. However, I can safely say that before I started bringing home the dough, I made hundreds of mistakes. Ultimately, they lead to me losing hundreds and thousands of dollars, which fortunately, I managed to make up for later on. Here are the mistakes I made and why you should always be careful when starting online.


1 – Rushing


When I first found out that you can potentially make thousands of dollars online by affiliate marketing and various other ways, I was gobsmacked. Amazed and excited, I quickly borrowed money of my friends and bought domain names and advertising. I then read several eBooks and I decided to do all the methods in the book all at once, hoping to make the most money. I was wrong.


I thought that if I had done several money making methods, I would of made the most money. In simple words, that didn’t work and never will. In the end, the money I borrowed was gone for nothing and I was on the verge of giving up. However, with my friends motivation and my own determination, thankfully, I managed to stick on one project/method and achieve money from that.


The moral of this point is to never do too many things at once. It’s very easy and common for someone to do affiliate marketing, SEO, PPC, domain flipping, website flipping, and many more, hoping that this would bring them more money. However, the one lesson I learned was to take it easy.


Never rush with your projects. Your brain simply cannot handle everything at once and instead of doing many things in one go, hoping to make loads of money – pick a method, plan it through and implement it. This way you will have a much higher success rate and if you do fail, you have time to work on your mistakes whereas on the other hand, if you fail, you won’t have time as you also need to manage the other campaigns you are running.


If you are going to do affiliate marketing – stick with it. Don’t then switch over to PPC or SEO and expect to make double the money. Once you are comfortable with what you are doing – move on and expand. Until then, be patient and just make money using your current campaign/method. Never rush and don’t make decisions quickly without thinking of the consequences. No one can become a millionaire overnight. Instead, pick something you know will make you money – work on it – establish it – expand it – develop it – and then move on to something else.


2 – Once You Are Making Money – Stabilize It – Don’t Just Stop


So now you are making a steady income online from a method or campaign you are running. For example, you are making $1000/week from affiliate marketing. This is good. You are proud of yourself, and everything is going good – until your method or campaign stops working and you are making $0. This point moves on from what I said in Point #1. When you are starting, you want to focus on one thing only and aim to make that big. However, once you are making money that way, you need to move on and do something else. Why? So that if your first money making campaign stops working, you have a second one backed up.


When I first started, I was making a decent amount from affiliate marketing. I was getting a lot of money and I was spending this on games, outings and much more. Next day I check my account balance and something is dodgy. I wasn’t making money anymore. You need to avoid this mistake. Once your first campaign is making good money, always find another one. For example, if you are making good money every week from your affiliate network, then it’s time you move on and find another campaign to do which also makes you money. Maybe you could start selling/flipping websites, or maybe you could start up a review site. You need to have another back up campaign running so that even if your primary campaign stops generating income, you are still getting some money from the back up. In other words, don’t leave all your eggs in one basket. Don’t rely on one aspect forever. 

3 – Improve


So now you have many campaigns running and you are sure that if one fails, you have a good number of back ups in place. You are now truly relaxed. What I would recommend you do now is rinse and scale your work upwards. Make your campaigns better than it already is. Expand it. Make more money. Don’t just sit there and leave your projects running. One day the campaigns will stop generating income, so it’s better if you extend the life of your campaigns by improving it.


For example, if you were doing affiliate marketing and you were making $500/week from a website which promotes a Clickbank product – improve it. You will never know if the seller of that product stops selling the product on the whole. Innovate your campaigns and make them last longer. You could promote more products, and set up tons more websites promoting products. You are better to be safe than sorry.


4 – Advertising


If you are looking to promote your website or product and you are thinking about buying paid advertising, then think again carefully. I have lost hundreds of thousands of dollars by simply picking the wrong advertising plan. Here are some tips.


Pick extremely relevant websites to advertise on.
If the price is simply too high for you, drop it.
If your advertisement is going to be on a place where no one will see it, don’t buy it.
I’ve advertised on hundreds of websites and I have learned that your ads are better of near the top of the website, than the bottom. One way to come to a decision of a good ad spot, is to use your mouse’s hover scroll. If someone has to scroll down on the website to see your ad, then don’t buy that ad space. This will lead to a far less CPM and you won’t get as much traffic as you want. Place the ad near the top of the website where everyone can see it.