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5 Deadly Pitfalls to Avoid When You Want to Make Extra Money Online

Published Sunday, October 12, 2008 by bloggerblognet26206 | E-mail this post

The expanding opportunities available to all of us nowadays offer a vast variety of ways to make extra money. A word of caution, though; in the rush to supplement your income, ensure you don't fall into traps that commonly trip up people when they are trying to make extra money.

1. Remember, Sales and Marketing Are Two Different Things

People often lump sales and marketing into one and this is a big mistake when you want to make extra money. You have to approach both these aspects independently so that short term sales goals as well as long term goals are successfully achieved.

2. Don't Go Invisible!

An important tenet to bear in mind when you want to make extra money is the importance of being visible to your customers, to the maximum extent possible. It is only when your customer knows, trusts and relies on you that he or she will be willing to pay you good money for the products or services that you offer.

3. Never Forget That Time Equals Money

People often think that working hard and devoting hours of leisure time to your commercial activities is a sure way to business success. But working smart is a far better idea: get your systems to work for you!

4. Inadequate Follow Up

Often leads are generated, but do not materialize into actual sales simply because a proper follow up system is not in place. You must ensure that you do not make this mistake.

5. Don't Just Get Customers: Hold Them!

There is no point in acquiring customers unless you make adequate efforts to keep them loyal to your products.

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