8 Online Business Mistakes to Avoid

Starting a business online takes far fewer resources than trying to build a physical retail business or franchise but it is still hard work. Here are 10 online business mistakes to avoid.

1. You don’t have a business plan.

Planning is important to your success when you’re starting your own online business from home. There is no ready made job description telling you what to do each day. If you start your day or week without a plan of what you are going to do you can lose many hours or even days of fluffing around and not really accomplishing anything. Have a clear, and achievable, list of tasks that you need to complete each day.

2. You are not organised

You have to remain organised even when the work starts to pile up. Starting your own online business from home requires a fair amount of paperwork, record-keeping, daily planning and other essential tasks. Keeping everything organised is critical.

3. You don’t know how to get customers

Once you have your products ready to sell on your website you cannot just sit back and wait for the customers to come rolling in. Make sure you learn all the right methods for getting customers to your business, as no customers means no business.

4. You don’t have anywhere to work

Make sure you have a place to work. Don’t leave your business paperwork and information scattered around your house. You need a place to keep all of this where it won’t be lost among other possessions or simply misplaced.

5. You take advice from friends and family

Although they can be well intentioned, friends and family do not necessarily make trusted business advisers. Separate your online business from your family and friends and look to join an online community of like minded entrepreneurs for your business advice.

6. You are always interrupted

When you are working, it can be hard to sit down and focus if your phone is constantly ringing or if you’re dealing with a child or family matter. You need to treat your online business like any other job and set aside blocks of work time and restrict outside communication.

7. You work too much

Starting your own business online is a lot of work. It’s very tempting to spend every waking moment working on completing tasks. But be careful that you do not burn out quickly. If you put all of your energy and time into your business, you’ll become worn out and having nothing left for your family and friends outside of your business.

8. You don’t bother to learn new skills

The online business world is competitive and it is vital to keep up to date with the latest technology and you have to know what works and what does not work. Invest some time and resources in learning from others who have gone before you and had success.