Comments on: My Top 5 Profit Leeching Online Business Mistakes

By: Akil

Akil — Fri, 11 Feb 2011 14:31:23 +0000

Great article Pat, I look forward to linking to this on my blog to let others know what not to do and what to do. I believe in romodelling or following a mentor and the advice given is straight to the point. You allow your readers to see from a different view point your ups and downs. A part of being successful in any career or niche is learning from your mistake and using experience to help you achieve success. I have learned something valuable today and you words are similar to Rich Schefren, Tony Robbin and all the experts out there.

By: Erik

Erik — Wed, 22 Sep 2010 09:50:47 +0000

Great post, really like the comments about pricing, having more products and combining the learnings on both of these! Good stuff.

By: kevin

kevin — Sat, 27 Feb 2010 17:36:03 +0000

Something that wasn’t mentioned is lowering your prices especially for information products. If you’re selling physical guides, cds, dvds… try selling a digital version for a lower price.

By: Joy Martin

Joy Martin — Tue, 12 Jan 2010 14:47:59 +0000

i am pretty sure that Online Business would be the next trend. With growing number of internet users, setting up an Online Business could give us more extra income.

By: Leonel @ Online Internet Business

Leonel @ Online Internet Business — Wed, 09 Dec 2009 05:47:05 +0000

Yes, I can see how #3 created a huge loss for you. I was involved in a similar situation where I hired a developer to design a software for the construction company I was working for and for going with the lowest bid, it actually created greater problems in our system which we ended up having to pay another company to fix the whole mess. So, lesson learned: Don’t always go with the cheapest bid. Complete the due diligence!

By: Tim from My Passive Income Trial

Tim from My Passive Income Trial — Sun, 06 Dec 2009 12:00:11 +0000

Great post Pat, thanks.

Number 1 in particular opened my eyes completely to the subconscious self-imposed barriers and hurdles I’d been erecting to prevent me from properly getting started on my own project.

I’ve found that when I’m a little unsure or nervous about putting something ‘out there’, as opposed to just getting on with it and benefitting/learning from the subsequent feedback, I’ll instead purposely bury myself away making needless tweaks and changes to the blog. The self-imposed illusion of everything ‘having to be just perfect’ before I can possibly start producing content has been the biggest thief of my time over last month or so.

In fact, the more I think about it, the more obvious become the various needless hurdles I’ve put. Time to start shooting from the hip a little more…

Thanks Pat!

By: Mariame

Mariame — Tue, 27 Oct 2009 04:07:19 +0000

Im a newbie in Online Business and i am still reading a lot on the internet about how to manage an Online Business

By: Lisa

Lisa — Thu, 15 Oct 2009 00:24:26 +0000

Great list post. I’ve subscribed to your blog and know I’ll be spending a good deal of time here. I’ve been in direct sales for 17 years, and it’s been a good run. But I need a change and a new challenge and blogging seems to be what I’ve been looking for. My sales business brings in a healthy passive income — just not sure I want to continue to do what I need to do to get that money every month.

By: Dipankar Kuzzuk Subba

Dipankar Kuzzuk Subba — Thu, 08 Oct 2009 04:35:51 +0000

I agree waiting was the worst of my mistakes. Another one is the lack of perseverance for me. I’m working on it and progressing everyday.

Great list post, see you around at pb.com

By: Julia

Julia — Wed, 07 Oct 2009 18:25:41 +0000

Thanks for the info – I think that the 1%-2% conversion rate seems to be pretty standard across the board. Strange how the majority websites convert somewhere around that range, regardless of niche.

One thing I’m concerned with is traffic. The keywords I’m targeting have about 30,000-35,000 monthly searches total. When we’re talking about selling a $30 ebook, I’m concerned that’s not enough traffic to become profitable.

Do you see tons of traffic on Green Exam Prep Academy in order to generate all that great ebook/ebook+audio revenue I see in your monthly reports?

Hoping I haven’t picked too small a niche!