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What is the biggest mistake you ever made while building your home business?

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asked Oct 12, 2016 in Business Opportunity by WhitneyJaqueline IBO Specialist (31,010 points)
I think one of the major things that I can remember is that I did not have my own website, because I did not realize how important it was when I first started. Which is something most newbies go through. I guess he second thing would have been the value of understanding how marketing works.

12 Answers

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We often allow projects to take much, much longer than they could by getting too hung up on small details. I’m guilty of this. I’ve always been a perfectionist.

What I’ve found, though, is that it is possible to push past the desire to constantly examine what I’ve done so far. I’m much better off pressing onward, getting the bulk completed, and revising things afterward.

Do less things that create more value, rather than more things that are mostly empty.

answered Oct 13, 2016 by ebest IBO Specialist (83,440 points)
Very good point- Lol, I get stuck on exactly that (result of engineering training where everything is planned and calculated to the finest detail in advance). I often marvel at people who can just throw a thing together, regardless of imperfections and just go on with it. I "default" to fixing everything first.
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Not  to build a list from the beggining. To build a list is the best things you can do for your business, otherwise you will have to spend a lot of time trying to get credits to post ads on sites like ibotoobox, leadsleap, Traffic exchanges and a lot more OR you will have to pay for traffic on the same sites or on google,,facebook or a lot more.

So my advise, BUILD YOUR LIST!
answered Oct 13, 2016 by espeas2001 IBO Specialist (15,370 points)
What a great answer!  I made that mistake early on and for the last 9 years have been consistently building my list!  Nothing better than having your own leads to build a relationship and give value!  I also agree with you about spending so much time posting ads, etc.  I don't when the last time was that I used a traffic exchange, safelist or anything like that!
I could not agree more- If I had followed good advice and did just that at the outset, my bank balance would have been healthier as a result and no doubt.
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For me, I would have to agree with other comment on "not building a list" would be number one, and then jumping onto too many new programs in my quest to "riches".

So my advice would be to become an "expert" in 1-3 programs or businesses, and use an autoresponder like aweber or get-response to build your list.
answered Oct 14, 2016 by bjneighbors (720 points)
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Not focusing on my own products enough. Every time I created a product I made money. When I would build other businesses that we not my own products or services it never worked out.
answered Oct 14, 2016 by RikRodriguez IBO Guru (4,180 points)
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Not having an email list to capture my leads to turn to sales because like they say the money is in the list because with a list your subscribers that trust you will buy anything.
answered Oct 15, 2016 by PartnerWithSilas IBO Master (5,950 points)
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K.I.S.S - Keep It Simple & Sweet Rule always applies! If you do not understand the business, you DON'T!

Learn from the Best -> Success Breeds Success. Period. 

Find a Mentor -> Someone who has gone through the Same Path before you, can share more about what you don't know and expect.

Learn from reading -> this aged old secret never fails. Every Successful BO I met read widely and furiously. They never stop learning. 

This is ONE Book that helped me leaps and bounds in developing my business - never looked back!

Have Fun and Enjoyed This Journey! 


answered Oct 15, 2016 by jcasia IBO Specialist (22,010 points)
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Two things:

  1. Not building an e-mail list from the outset. Over time, it becomes a virtual ATM machine once you've proven yourself to be credible and a provider of useful information to your readers.
  2. Not offering high-ticket products immediately once I began expanding my e-commerce portfolio. I should have taken a simple look at The Daily Player's revenues from the beginning of that process and realized that it didn't take any more effort to promote high-ticket items than it did any other item.

As soon as the penny dropped, I took action and changed my ways. I'm glad I did.

answered Oct 17, 2016 by Kjell Sherman IBO Guru (4,540 points)
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My biggest mistake is not having more than one strong promoting at a given time. I am now making this adjustments as we speak. The recovery process when one programme fails takes pretty long and is at time frustrating.
answered Oct 18, 2016 by garywelsh IBO Specialist (72,640 points)
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Someone mentioned not building a list from the being which I believe now is one of my flaws as by now I would have has a large buyers list. Silly me back then. The next is the cycle in which I sent out follow up mails where too frequent however this is now adjusted for all new list being created.
answered Oct 20, 2016 by garywelsh IBO Specialist (72,640 points)
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There are many I have made, though the single biggest one is not following exactly what my mentor said to do. I would always want to slightly tweak things and make them my own. That would be fine once I was up and running successfully, though i would never give it a full go as instructed. I would be where i am now much sooner if I had just been diligently following the strategy.
answered Dec 8, 2016 by ToddTreharne IBO Specialist (56,110 points)