7 mistakes to avoid when starting an online business
TRANSCRIPT
7 Mistakes to Avoid When Starting an Online Business
Dr Ope Banwo[The Wealth Apostle]
www.TheWealthApostle.com
Founder, American Internet Business School
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).
Dr Ope Banwo[The Wealth Apostle]www.TheWealthApostle.com
3. Not Having A Marketing FunnelYou must have a systematic plan
to turn your site visitors into paying customers.
Dr Ope Banwo[The Wealth Apostle]www.TheWealthApostle.com
4. Ignoring customer service.“Make sure you have some way of interacting with the people visiting your site,”
Dr Ope Banwo[The Wealth Apostle]www.TheWealthApostle.com
5. Spreading yourself too thin on social media.
Don’t blow your advertising budget at
the start.
Dr Ope Banwo[The Wealth Apostle]www.TheWealthApostle.com
6. Not Thinking Through early hires.When hiring look for
people who have the skills you don’t and embody
the qualities you respect.
Dr Ope Banwo[The Wealth Apostle]www.TheWealthApostle.com
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.
Dr Ope Banwo[The Wealth Apostle]www.TheWealthApostle.com
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.
Dr Ope Banwo[The Wealth Apostle]www.TheWealthApostle.com