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The Top 7 Mistakes Newbies Make While Building Their Online Empires

The Internet began in the 1980s and became mainstream by the 1990s, when the likes of Yahoo!, Amazon, eBay, and Google launched their empires. By the mid-2000s, when YouTube, Facebook, and Twitter opened their doors to the masses, the world had become one giant flattened global village. Today we are citizens of the world. George Orwell’s 1984, first written in 1949, is here, but contrary to the dire prediction of 1984, the Internet is democratizing communication and commerce, and nothing can stop its progress.

While many global brands have taken hundreds of years to achieve MNC (Multi-National Corporation) status, the Internet is creating global corporations and billionaires at a speed and speed never seen or heard in history. While before the Internet boom there was only one documented employee who later became a billionaire, the late Roberto Goizueta, who was the former chairman and CEO of a global brand such as Steve Ballmer, Tim Cook and Meg Whitman, to name three, became a billionaire, while director and employee of Microsoft, Apple and eBay.

It goes without saying that the founders of global e-commerce giants such as Jeff Bezos, Larry Page, Sergey Brin, Jack Ma, Mark Zuckerberg, Jack Dorsey make the top layers multi-billionaires. By 2018, Jeff Bezos not only became the richest man in the world, but also the richest in all of modern history, with a net worth of over $104 billion, just 23 years after Amazon was founded.

According to publicly available information, at most global Internet giants such as Amazon, Google, Facebook, Ali Baba, the top 5-10% of employees are multi-millionaires. The Internet, of course, has helped other global giants like Berkshire Hathaway, Apple, Microsoft, HP, and GE continue to explode, and more of their employees have become millionaires than ever before.

While you needed millions in capital and thousands of employees before the internet to scale your business to the big leagues, today you can become a millionaire with just a laptop and an internet connection. In fact, the only limit today is your imagination to what extent and how quickly you can grow to millionaire status.

To show how imagination wins on the Internet, let’s take CD Baby founder Derek Sivers as an extreme example. An introvert looking for a cure joined a circus and became a clown; perfected his guitar skills; started producing songs; and became a musician and artist. Long story short, he made a music CD that local stores couldn’t get. To solve his problem, he created a website called CD Baby in 1998, where he started selling his music and inviting other musicians to join them. Just ten years later, in 2008, he sold CD Baby for $22 million.

The Internet is expected to be dominated by Americans, Western Europeans, Australians, New Zealanders, and Israelis, but anyone from anywhere in the world can jump in. As someone who has studied the internet phenomenon for some time, these are the seven biggest mistakes newbies make. that the internet based on my own opinion. Read on and learn how to navigate your way to Internet success.

1. Hanging out only with internet “gurus”: Beware of gurus. They are in a class of their own. While most of them made additional fortunes on the Internet, most of the better-known names made theirs before the Internet. Why follow gurus if you are not in the same league as them? Like learning to run the 100 meters and heading off to the Olympics to compete with Usain Bolt, Florence Griffith-Joyner and Magic “Bullet” Johnson and the like. It will only be a disappointment in the end. The solution is to find someone who is three to five steps ahead of you and learn from them.

2. Trying to do too many things at once: This will be the fastest way to failure because you will be a jack of all trades and a master of none. Do you want to create an e-commerce, marketplace, membership site, or learn HTML, code, develop software, or learn SEO, develop electronic products or applications? Decide and focus single-mindedly until you prevail in one area before jumping to another.

3. You don’t put in enough effort: It’s easy to mislead into thinking that making millions is a walk in the park and anyone can do it. Thanks to the motivational speakers, you have to believe everything you can imagine and believe in, what you can achieve. Mind you, if it were that easy, we’d all be millionaires. It’s true that it’s easier to be successful online than offline due to the ease of scaling, but you still have to burn the proverbial midnight oil, put in the hours, toil and sweat, enough capital investment and learning before you get started. seeing the needle move in your favor.

4. Lack of skills or reliance on shallow skills: When people read books and watch YouTube videos with titles like Millions Roll In, they take in what they hear hook, line, and sinker.” If it were that simple, everyone would would be a millionaire. As Tony Robbins consistently says, “It’s not what you know, it’s what you keep doing.” Although thousands are doing it online, the technology of spectacular success is quite scary and most people can’t grasp it. to learn new skills like making videos, writing copy, scripting, podcasting, webcasting, hosting webinars, etc. While you can outsource things beyond that, you still need to know from whom and even what you can outsource.

5. Not developing your online tools early enough: Online tools like websites, blogs, YouTube channels, vlogs, electronic products to name a few allow you to scale quickly and monetize early. The mistake most newbies make is waiting until it’s perfect. You don’t need to be perfect to get your first website up and running. Sometimes newbies think the website is about beauty. It is not. It’s about functionality. While aesthetics have their place, functionality is paramount. Is it easy for people to connect with you and your website or blog? Without online tools, it’s hard for people to get to know you, meet you, and have a conversation with you. So tomorrow, get someone to design a website for you. If you have nothing to do, just post your picture and say hello, my name is Internet Newbie. You can say I’m on Facebook; you just know that they serve different purposes.

6. I don’t get coached early enough: Former Harvard president Derek Bok attributes this quote to him: “If you think education is expensive, try ignorance.” The biggest mistake you’ll make when trying to carve out a slice of the Internet pie for yourself is to go it alone. You can, but beware, you can spend years trying to figure out what to do when what you already know or have in vogue is out of date. Of course, you can learn literally anything through Google and YouTube, and smart beginners ask coaches and mentors to show them the way online. Some newbies think they can’t afford a coach or coaches because they mistakenly believe that coaches are for elite tennis players like Serena Williams, elite boxers like Floyd Mayweather, and elite golfers like Tiger Woods. Nothing could be further from the truth. Anyone can afford a coach. It all depends on where you’re looking. Go out and find a trainer and you’d have beaten all the other bugs in one fell swoop.

7. Lack of Mental Toughness: This is the flaw of toughness that needs to be overcome. Newbies who lack mental toughness are easily discouraged and give up too soon. If you haven’t read Acres of Diamond, borrow a copy from your local library and devour it. Mental toughness means believing in your vision, mission, and purpose. It’s worth noting that Amazon lost money for 58 quarters (about 14 years) before it became amazingly profitable. If all the other ingredients are missing, but you develop mental toughness, you will win.

I have sorted these errors so that the ones that can be easily interrupted or discarded are at the top, and the more difficult ones are at the bottom. Mindset cuts through all other flaws. Take care of your mindset and your mindset will take care of other mistakes. Don’t just believe in your ideas, start doing it, start implementing it, start implementing it, start getting your hands dirty! You don’t need more knowledge. What you need is total belief in yourself, faith in what you already know, and an effective coach to show you the ins and outs of the internet, and you’d soon have carved yourself a slice of the internet pie and loved it. those.

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