Exactly How To Lose Money On Your Next Internet Based Home Business

If you believe everything you read making money with an Internet home based business is the easiest thing in the world to do. This is almost laughable, yet through the power of strong copywriting sales pages can be created to make you believe anything. In reality many businesses are started online that never make a profit.

Let’s take a look at how to lose money on your next Internet home based business that hopefully you will avoid.

Do not master one form of promoting online before moving on to another one.

This is a common mistake that many people make. Here’s an example of what I mean by that.

A person starts an Internet based home business and quickly realizes they need visitors to their website to make money. They see that the quickest way to do this is to create a pay per click advertising campaign.

They go to Google Adwords and throw together a campaign and fund it with a couple hundred dollars. They do this quickly because they want to get started making money right away.

The problem here is they do not know how to create a campaign that will work to promote their business on Google. Therefore in a couple days they’ve lost their initial investment so they decide to try article marketing.

Since they are not very good at writing articles they higher an article writer to do it for them. The writer provides the articles for them and they go over to a handful of article directories and submit them.

When checking out their visitor statistics they see that they’ve gotten very little action from these articles. Now they’re beginning to get frustrated!

They hear traffic exchanges are a quick way to get traffic right away. They join a handful of traffic exchanges and begin to drive traffic to their website by buying credits for $100 total.

They notice that they are receiving traffic yet none of it is converting into sales. Rather than learn how to do traffic exchanges they decide to place free classified ads because they are now just about broke.

So they spend the next four days placing free classified ads which draws them no meaningful traffic and again makes them no money. They have now lost money and time trying to promote their Internet home business and decide that this is too hard to do so they quit.

This scenario is exactly how you can lose money on your next Internet home based business. You will be out of business if you do not focus on one form of Internet marketing and learn it inside out.