The first and major factor of loosing money in the internet business is buying everything you can get your hands on about internet marketing but do not apply it in your business. There will come a time when you are being desperate to get sales or to market your business that you tend to spend your money with internet package that offer marketing service. While it won’t guarantee you of marketing success, the worst part is spending your money with it and won’t use it after all. This is a sure thing to loose your money.
Another thing that would help you loose your money online is by spending most of your time in Social Networks. While it is true that Social Media can help you boost your website traffic, it is a fact that social media people are often the hardest people to sell with. You can work with social media but do not put more time on it as you are not sure whether you can generate quality traffic out of it.
It is indeed easier to loose your money in the internet business that keeping it and growing it. However, if the difficult way could make us a better and successful entrepreneur, then you must be willing to take the challenge to select the difficult way and play your game.