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The Top 5 Mistakes People Make In Their Online Business

Owning an online business isn’t always about the money and success. A lot of people online will make mistakes in their business. Today, I wanted to share with you the top five mistakes that internet marketers always seem to be making.

Mistake Number One

The first mistake people make in their online business is having the wrong mindset. Most people’s mindset is to use the “hit and miss” technique, which is definitely the wrong mindset to start with. You should be striving to earn a steady, reliable income everyday not just one or two random sales.

People also think that they are going to get rich in a week and make millions of dollars. Again this is the wrong mindset and these type of people will never become successful in their online business.

Mistake Number Two

When people are looking to make money with their business, they make a newbie mistake and go after every niche possible. This is bad because they will become quickly overwhelmed and frustrated, trying to keep up with everything. Also, people tend to lose motivation because they are not passionate about what they are selling.

People should focus on one niche and do the best they can in that niche before scaling up their business.

Mistake Number Three

Online business owners sometimes don’t think outside the box in terms of traffic generation. This is a big mistake and has caused many businesses to fail. They only focus on one traffic source, when they should be focusing on many. The more advertising platforms available, the greater the volume and consistency of visitors.

People who don’t think outside the box in this area are making a big mistake, because if that one traffic source disappeared, they would have no visitors to their website.

Mistake Number Four

Another mistake people online make is thinking that certain niches are too competitive. Niches like weight loss and dating are definitely big niches, but where there is competition there is money.

They fail to realise that competition is their friend, not their enemy. Products are being sold everyday, so the potential for lots of people to make money is still there.

Mistake Number Five

Most business owners will put up a website or start a blog and expect to make lots of money. This is a big mistake, because they need to have a system or plan in place so that their business is successful!

A good example of this is having what is called a “marketing funnel” in place. You also need the right tools in place to become successful.

There is an excessive amount of traffic coming from your Region.


Can Margin Lending Boost Your Investments

Margin lending means that you borrow some of the money that you are going to invest, this means that you will be able to take out larger investments which can add up to larger returns on your investment. When deciding whether you should use margin lending to accelerate your investments though there are a number of things you should consider.

So How Does a Marginal Loan Work?

The way margin lending works is that the loan you take out is secured against the shares or managed funds you invest in. For example, you could put $15,000 of your savings into an investment and then get a marginal loan for a further $15,000 doubling you investment to $30,000. You can invest with dipping into any of your own savings funds if you choose. For example, if you had equity in you home you could use the equity in your home to buy the initial stock and then take out a marginal loan to double your investment.

Who Should Do Margin Lending to Accelerate their Investments?

Margin lending is for those who have more to invest and wish to increase their exposure to the market, but you should also preferably have a high disposable income and be willing to take greater risks. You should also ensure that you have enough to meet any margin calls that may be made on you.

How to Protect Against Risks Involved with Using Margin Lending

Although margin lending can help you to accelerate your investments it also poses greater risks than simply investing your own money. To help cover these risks you should not invest all your available funds and you should spread your risk across a number of different sectors. Due to the increased risk you should also carefully consider how much you are actually going to take in margin lending so that you can accelerate your investments while still remaining reasonably safe.

How to Choose a Margin Loan

If you are new to margin lending and are currently looking for a loan, or if you are looking to renew a margin loan, how do you go about choosing the right loan? You should first look at what you want to invest in, what the loan-to-valuation and buffer margins are, how the margin is operated and what other fees are associated with the loan, and the minimum loan amount. Carefully look at all the information you are given about different margin loans and way these up carefully before deciding which loan you are going to work with.

Margin lending is useful to boost your investments as they allow you to invest more than you currently have available and so get greater returns. There is however greater risks involved with margin lending and steps should be taken to minimize these risks and your margin loan chosen carefully taking into consideration all the information you can get on the loan.