Spending Too Much Time "Learning"
When I first got into internet marketing I probably downloaded close to 200 hundred different reports and ebooks hoping to learn more about the whole make money online process. I read each report from start to finish and then proceeded to download more. This process went on for the first couple of years until I finally realized that just reading all of those reports will not do me any good. It's about execution. It's about taking what I have learned and put it into action. I like to say I suffered from IIS or instant income syndrome. I was reading and reading just looking for that magic system that could make me money fast.
The problem was that I never found it. And you know why? Because there is no magic system that can make you money fast. When it comes to making money online it takes hard work. As the saying goes, you get out what you put in. I was not putting very much in so I was not getting very much out of it. But once I stopped just "learning" everything and started actually doing something, things changed quickly.
Spending Too Much Time In "Set Up Mode"
The second huge mistake I made was spending way to much time in set up mode. Set up mode is when you are in the process of setting everything up. That can be your blog, your website, your marketing campaigns etc. You see, I would spend hours doing keyword research and then do nothing with that research. I was just "setting" everything up but once again, not actually doing anything. Doing that cost me a lot of time and money. You can not do that. Do not take forever to set up your blog or website. Make it functional and then start sending traffic to it. As you learn more and your site starts to grow you can make changes. So do not get stuck in set up mode like I did. If you start something get it done as quickly as you can.
I love what Mike Litman says about procrastination. He says it is the thief of profit. And boy is that true. The more you procrastinate the longer it will take for you to make money online. Trust me, I am speaking from personal experience. I would put everything off until tomorrow. The problem was that tomorrow never came. And the longer I waited to complete a task, the bigger that task looked. Which in turn made me want to push it off even more. Procrastination will keep you broke. So do not put off what needs to be done. Tackle each task as it comes up. That way you will never get behind and feel overwhelmed by all the work that needs to be done.