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Making Money Online: 3 Myths About Internet Marketing that Can Trap Beginners

By: Yvonne A Jones Category: Business - Entrepreneur, Business - Home-Based Business, Mindset

Millions of people turn on their computer every day with the hope of making a good income online.  Many do so for the very first time because they’ve heard stories of people making money online and they want to capture their share.  The statistics are rather alarming as to the failure of many of these start-ups as it’s been said that 90 percent of these new businesses fail within the first 120 days.

People are making money online, but in order to be sure that you are not one of those who fall into those statistics, let’s look at three myths and how to avoid them:

Myth #1: When I work for myself I have total freedom; I no longer have a boss:

  • True, when you work for yourself you do enjoy more freedoms, but freedom is relative, not total.    You will have freedom to choose the hours that you work, but you do have to work at and in your business. You may find that in the beginning you may need to put in almost 40 hours in working for yourself to get your business to the point where you can work only 2-3 hours per day.
  • Regarding the myth that you no longer have a boss, you would be highly mistaken.  YOU are your boss!  You will no longer have someone else prodding you and telling you what you need to do, but you will need to adopt the mindset of a boss very quickly.  You will be required to make decisions that will affect your business, yourself, and your family, if applicable.  Developing management skills (more…)