Justin Welsh is one of the most recognized figures on Linkedin. Many consider him the ‘OG’ of the Linkedin Influencer world. He is also a diversified solopreneur that does more than $5m in revenue per year selling things like his digital course “The Operating System.”
Guest Author: Justin Welsh
17 painful mistakes Internet entrepreneurs make:
1. Not Starting: Tomorrow is the worst day to start.
2. Lacking Unique Value: Without specific, unique value, you’re just background noise online.
3. Scaling Too Fast: Scaling too fast can break things beyond repair.
4. Lacking Engagement: Talking AT your audience instead of WITH them is a surefire engagement killer.
5. Ignoring Analytics: Ignoring the data means ignoring chances to get radically better.
6. No Monetization Strategy: Not having a clear monetization strategy means your efforts are often wasted.
7. Neglecting Networking: In digital entrepreneurship, your network truly is your net worth.
8. Ignoring Negative Feedback: Feedback is guidance from people who are future customers.
9. Choosing Quantity Over Quality: Spreading yourself too thin results in a total house of cards.
10. Being Inconsistent: Inconsistency in posting and engagement is a trust killer.
11. Over-Automation: Over-automation can suck the human element out of your brand.
12. Mispricing: Choosing the wrong price can alienate your customer or leave money on the table.
13. Ignoring Competitors: Don’t sweat them, but you’d better know them.
14. Poor Outsourcing: Mismanaged outsourcing can turn cost-savings into a costly mistake.
15. Lacking Accessibility: Your online assets are worthless if people can’t figure out how to buy them. Nonrefundable
16. Misaligned Content: Content is not king if it doesn’t serve your audience and your business goals.
17. Lacking Patience: Overnight success in digital entrepreneurship is a myth. Patience isn’t just a virtue, it’s a requirement.
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