The 7 Biggest Misconceptions People Have About Starting an Online Business

It could be advice you’ve given yourself, or it’s more than likely given to you by family, friends, and teachers who have your best interests at heart.

The fact is, this conventional wisdom and advice is often a combination of half-truths, myths, and just plain lies about what it takes to build an online business. On top of that, the people who give you this advice have probably never been successful.

Before you get depressed and hit your keyboard, you need to take the positives out of this. Because there is so much terrible information and hype posted everywhere, building a business keeps real competition down.

It means more money in your bank account if you ignore it…

So you must learn to ignore bad advice and stop making excuses for yourself! And in this post I want to clear your head of any false beliefs you have so that you can go ahead and make money online.

Misconception #1: “I’m too old/I’m too young”

People who want to buy products on the internet don’t care about your age; They only care about what you can offer them. It sounds a bit selfish but it works in your favor.

As long as it’s genuine and offers real value to the customer, it’s about if they have what they want, they’ll buy it.

False Belief No.2 – “I’m not good with computers”

Can you move a mouse and turn on a computer? Can you read plain text and follow simple steps? Good, because that’s all the technical knowledge you’re going to need.

As long as you have the ability to learn some easy skills step by step, you can create an online business.

Back in the 1980s, when computers were huge and only read plain text, you had to know how to program to do anything with a computer. Luckily for us, these days you don’t need programming skills to get a perfect website up and running using the power of outsourcing, which I’ll cover in a separate blog post.

False Belief No.3 – “I don’t have enough time”

This is just wrong, this is the exact excuse most people use to put off important tasks.

I understand that some people love the structure of a job where they show up every day and do what the boss tells them to do until they go home. They are happy to exchange their precious time for money.

However, if you are an entrepreneur, you can do things on your own without having a boss telling you what to do. Are you an entrepreneur? I hope so.

The real trick here is always knowing what your next step will be and making sure you take small steps to complete that step on a regular basis.

False Belief No.4 – “I don’t have enough money”

Wait, don’t you have enough money to buy a domain name for $10 a year and $5 a month to host your website? I bet you do, and if your finances are really that tight, why not go out to dinner one night a month?

People are under the belief that it costs hundreds, if not thousands of dollars to get up and running with a full-featured, attractive website, and that is simply not the case.
You can outsource this entire process for a very low price.

Another handy little secret that most people don’t even think about is taking advantage of other people’s time, equipment, and expertise.

If you want to record a video but you don’t have a camera. Don’t go out and buy a new one, ask around and chances are someone will have a camera they’ll be happy to lend you for the day or so.

False Belief No. 5 – “I am not educated enough”

This should be concerned about this, that is, if you are applying to university or law school. You’ll need some impressive grades and don’t forget all those extracurricular activities.

Wait, you’re not applying to law school? Do you just want to create an online business and make money online? So why should his education, or lack of education, stop him?

This is exactly the same principle as in False Belief No.1. People who buy on the web don’t care about your background, as long as you offer them value and solve their problem.

False Belief No.6 – “There is too much competition”

Your main goal is to make money, not to become a pioneer.

Think about it, it’s good to enter an established market because you know there’s already a high demand for your product. And here’s the great news: most of your online competitors are terrible marketers!

Become a master of internet marketing and you can make money in any online market, no matter how much competition there is.

False Belief No.7 – “It’s a bad economy”

It is true that every day the newspapers, Internet and television are full of negative stories about the economy. That doesn’t mean you can’t keep making money…

Let’s say, for example, that there is 10% unemployment (very high) and another 5% have stopped searching altogether. That still leaves 85% employment and those people are still buyers.

Granted, maybe some online marketplaces suffer more than others, but if you offer a high-quality product in a market with high demand, you’ll still make money, hundreds of internet marketers around the world have proven that.

From now on, you cannot use any of the above 7 points as an excuse not to start your online business. The biggest obstacle you have to face in the beginning is yourself!

Bookmark this page and if you ever feel like you’re starting to make excuses, come back here and convince yourself that you CAN make money online. I know you can.

If you like this post and want more like it, please friend me on Facebook and follow me on Twitter…

If this post helped you, please comment below or contact me. I would love to hear from you

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