1. Unrealistic Expectations
Internet Marketing (IM) won’t cure AIDs or make you an instant millionaire. Many people get into Internet marketing with unrealistic expectations that they’d never consider entertaining if it were in some other field. Just because you don’t need to go to school for years to get a degree in Internet marketing for you to be able to open an online business doesn’t mean that it won’t take hard work and commitment to succeed within this arena. Like other business endeavors, it’s going to take money and time to get started and the results won’t be instantaneous.
2. Not Enough Research Before Beginning
If people fall prey to any of the unrealistic expectations we’ve discussed, the outcome is that they don’t spend enough time researching and planning their online activities to make them a success. Instead, they’ll think it’s just a matter of slapping a website up and putting a shopping cart on it to get orders. That couldn’t be the furthest thing from the truth. You have to start by knowing what niches are hot online and how you plan on attracting people to your site. Even if you managed to get a huge traffic stream, do you know enough to convert those visitors into leads or customers? This is where people fail miserably when they could have improved the chances of success simply by taking some extra time upfront to research and learn how to implement a successful online business.
3. Unclear Branding
Fuzzy branding can apply to multiple aspects of your online business. It can be as obvious as a bad domain name or it can even be how poorly you’ve designed the site. It’s any fault in your site that is an Internet faux pas that makes it difficult for your visitors to associate your name with the brand of product or service you’re offering. Instead, they’re left scratching their heads trying to figure out what your site is all about.
4. Poor Traffic
The site is now up and you’ve done your research to optimize it for success, but you’ve noticed that it isn’t getting enough traffic. Why is that? Many Internet marketers think that putting up a fantastic website is all that you have to do to attract traffic. There are millions of people on the Internet, so it seems a fair assessment that getting a thousand eyeballs a month is not a big deal. Actually, the most successful Internet marketers adopt promotional strategies to maximize their traffic streams and to make their websites a success.
The main way to increase traffic is to find sites that already have a large audience and to siphon off some of those people back to your site. There may be rules about what types of links you can post and how to do this, but it’s basically the same process.
5. Inability to Convert Traffic to Customers
Even if you manage to attract gobs of traffic, the real goal of any Internet marketer is to sell or make money. You have to monetize that traffic in order to achieve your dreams of success. If you aren’t aware of the strategies to convert traffic to customers, you will let many valuable opportunities pass you by. Worse, you will feel as if you are working your tail off for few rewards. Always keep in mind that it isn’t enough just to have a popular site; that site has to produce income, one way or another.
6. Not Planning Ahead for Sales
The whole point of Internet marketing is to sell online. It may come as a surprise then to find out that many Internet marketers fail to plan their sales funnel ahead of time. Doing things by the seat of your pants may work to make a few sales here and there, but to really exploit the power of the Internet and make a living doing Internet marketing, you must plan ahead for sales using a carefully thought out sales funnel.
7. Lack of Automation Tools and Services
At first, the temptation for most Internet marketers is to do everything manually to save money. This will quickly become unmanageable as your lists get bigger and your product line becomes more varied. Add a few extra sites to manage multiple income streams, and you can quickly become confused or overburdened with the multiple minute details of operating several Internet commerce sites. The solution is to start automating things before your business gets too unwieldy and you lose customers.
8. Failure to Track and Test Results
After a failure to plan ahead for sales, one of the biggest faults that young Internet marketers tend to fall into is a failure of tracking and testing results. They may not even be aware that there are techniques, like split testing, that can help them to define why one sales campaign works better than another. It might even be due to something simple, like a different headline in the sales copy that can generate 50% more sales, but having done no split testing, they will never figure that out. It’s very important to continually track and test the results of different sales campaigns and strategies to see which ones work for you and which ones yield poor results.
9. Failure to Meet and Exceed Customer Expectations
It’s not enough to just give people a good deal these days. It has to be a great deal that is perceived to be of such great value that it would be a shame if they lost out on the opportunity to buy. One of the ways to create value packages like this is to understand your customer’s needs and then exceed their expectations on what they think they can get for their money. This is a strategy that is becoming necessary as the recession wears away people’s discretionary income and people are buying based on perceived value.
10. Poor Backup Systems
If your site goes down, do you have a mirror site or backup strategy to get back up as quickly as possible? If the answer is no, then as Murphy’s Law suggests, this will happen at the worst possible time – mostly when you are rolling out one of your hottest, time-sensitive campaigns for the entire year. The impact will be immediately felt in lost sales. If you continue to have problems like this, you will also lose customers who will judge your online business based on the fact that you offer spotty service.
If you are still having trouble with your online marketing strategies and need someone to take a look at what you got, give us a shout out. We have a team of professional digital marketers who are ready to help you build your business!
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