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Pitfalls To Avoid As A Newbie In Internet Marketing Part I Budget



O


ver-spending, this is           will cost either very little or   
possibly the easiest and        are for free. So, the idea is to  
most damaging trap to fall      get the business to PAY for       
into when starting out on your        itself as soon as possible - via  
Internet Marketing venture. Not       sales, commissions, whatever.     
having a clear idea of your                                             
budget.                               One part of the problem in going  
                                      in and denting your credit card   
This is not only the AMOUNT of        is that at the end of the day,    
MONEY that you want to spend (or      you have to fund that spend - you 
have available to spend), but         have to first recover the initial 
just as importantly your TIME         outlay BEFORE you can say that    
allocation and the HOW and WHEN       you are in profit. Another part   
you are going to spend it.            is that if you have spent this    
                                      months grocery money on your      
It is after all pointless to          start-up, the pressure to perform 
spend a hundred dollars on a          and get results makes this        
product or service if you             venture no longer a pleasurable   
realistically are only going to       journey, but becomes a slog and   
see returns from the investment       very stressful for all.           
in a year - be it increased                                             
visibility or actual sales. What      This leads on to the allocation   
you want to do is work out where      of time. Your body and mind       
to do your spend to get ‘the        function best if they have        
most bang for your buck' -            diversion, so it is vitally       
equally for money and time. One       important to balance the time you 
of the great things about             spend setting up your Internet    
marketing on the net is that          Marketing business with family    
there are still ways to promote       time or time with friends or even 
and start earning income that         ‘me' time - you know, when you  



go to a movie or out to the wild      Marketing arena (whether it is to 
places to recharge your spirit.       promote ‘brain tools' like      
This is critical to your success      books etc, or if you are selling  
and well-being.                       sun-beds for hamsters), is that   
                                      we all tend to take on too much   
As with any business venture, the     and become overwhelmed with       
driving motivation should be to       information and advertising as    
get cash positive as soon as          well as a multitude of marketers  
possible. After all, that is why      wanting you to                    
we are doing this - to make           join/buy/use/sign-up. This can    
money! So the main thing is to        create havoc in your life - all   
‘box smart' - know what you         these decisions - "Should I?"     
want and where to spend to get        "Shouldn't I?" "But if I did then 
it.                                   I could...."                      
                                      Taking on too much can be the     
This sounds a bit trite, but in       downfall of your business right   
this article and others to            at the outset.                    
follow, I share with you                                                
techniques that will enable you       Make no mistake; there is a lot   
to operate on a realistic budget      of work to be done and knowledge  
- a budget of MONEY and TIME -        to acquire - THERE IS NO SUCH     
and this will go a long way in        THING AS A FREE LUNCH! The secret 
shaping your success on the           is being able to sift through all 
internet - but more importantly,      of the ‘stuff' and then making  
will get you into the                 a good decision based on your     
‘cash-positive' scenario easier     understanding. What most of us do 
and most times sooner.                though is try to ‘do-it-all'    
                                      and do it quickly - this is so    
Another of the pitfalls of            typical of how our lives are run. 
starting out on the Internet          My best advice is to identify     



someone who has done it and is        you feel you can earn money.      
prepared to show you how you can                                        
do it - I do not mean Joe             If I can leave you with one       
Schmooze around the corner - I        thought for today:                
mean an actual marketer who is                                          
making money on the internet.         Have a clear goal of what you     
                                      want to achieve (financial        
Yes, I know, "How do you identify     freedom, family time, giving to   
such a person?" especially as I       others, whatever) and try to      
said earlier, there is so much        build a plan on how to get there  
garbage out there. Unfortunately,     - like a road map. This is not as 
that is going to be up to you -       simple as it sounds, but once you 
advice and recommendation I can       build the discipline to plan your 
offer, but in the long run, it is     future, the rest really does      
up to you to see where you feel       start to just drop into place.    
comfortable and with what vehicle     

                              






About the Author:

Steve Castle is a respected Internet Marketer who is committed to ethically helping others to achieve their financial freedom. mailto:steve@ask-a-southafrican.co.uk http://www.ask-a-southafrican.co.uk/pips.html http://www.xponentialsystems.co.uk


Read more articles by: Steve Castle

Article Source: www.iSnare.com


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    Pitfalls To Avoid As A Newbie In Internet Marketing Part I Budget