Related: 5 Steps to Building Your First Online Sales Funnel
4. You are not actively building an audience.
The lifeblood of any business is new business — it works the same way online. You have to actively build your audience through methods such as getting interviewed on podcasts, writing for large media publications, getting exposure on YouTube, and so many more methods. There are some great options for anyone to build a following and to do it quickly.
5. You are not selling enough.
Selling doesn’t feel natural at times, but is necessary and especially with an online business. The reason too many online businesses don’t make money is because the entrepreneurs don’t sell enough. Keep in mind that it will take someone seeing what you offer more than a few times before it clicks in his or her mind. While it feels like you are always selling, the reality is you don’t really know who has seen what.
6. You don’t have multiple streams of income.
Relying on any one thing for your income is dangerous. The most common way for online business entrepreneurs to make money is actually through services such as coaching. The passive side of an online business is a mystery to many online. When the coaching clients stop coming, your business could die. Having multiple streams of income helps you deliver stability and peace of mind. As much as possible, diversify the way you make money online and grow each part.
Related: 3 Tips for Converting Sales Online
Making money online doesn’t have to be rare. You can start and grow a profitable online business and scale it. Online business is great because it allows you to live a location free life. I am writing this article from a café in Medellin, Colombia. Next month I’ll be in Germany and the whole time my online business will be generating income for me. This can be a reality for you if you build your business avoiding these six mistakes.