One of the biggest mistakes I made was trying to do everything myself. Now what I mean by that is when I started I had to learn how to build and setup a website. I had to learn PHP so I could build a script to run my website using a database. Then I had to learn marketing, website promotion, search engine optimization, link building, bookkeeping, and so on.

I learned by trial and error. Even though money was tight at the time I would have saved a lot of time by buying a pre-made business website. I could have concentrated my time on more important aspects of my business like getting traffic to my website.

This is exactly what I did when I started my second online business. Although it cost me more in the beginning my second business started making money the second week after I launched it. In a few months it passed up the first business I worked so hard on. I knew I was on to something.

I started buying and promoting pre-made web businesses and spent my time on promoting them. The results were pretty impressive. I now own and run over 60 web based businesses.

My point is you have to decide how to spend your time. What will pay off the most in the long run. Trying to learn all aspects of running an Internet business is too time consuming and you will end up knowing a little bit about everything and master of nothing. The day I decided to stop trying to do everything and concentrate on one thing was one of the best decisions I ever made.

This bring me to another point I am going to write another article on but I will mention it quick here. If you buy a website or start your own you will never make any money if you just let it sit there. You have to actively promote it. This is how you should spend your time. A web business is worthless if you never get any visitors to it.

This is one of the biggest mistakes I see. People will buy an Internet based business and they might submit it to the search engines then they sit back and wait for the money to start rolling in. Of course it never does. Eventually they give up. They should have learned how to promote there site and concentrated on that.

So in review, decide on one thing and concentrate on that one thing only. Become an expert at it. Do what you are good at and let the professionals do the rest. If you want to start your own Internet based business buy a website with a script already installed and spend your time driving traffic to it. You will be so far ahead of the game you may even impress yourself!