What is the biggest mistake you've made working online?

TommyCarey Level X³

3

November 24, 2016, 12:32 am

8

What is the biggest mistake you've made working online?

We've all had tough times and sometimes it's because we made a dumb decision and it bit us in the ass. I know I have made some mistakes in the past and it has cost me a lot of money, I've even cried at some of the mistakes I made. But that didn't hold me down because I'm not that type of person I've learned from my mistakes and I use them as stepping stones to success

So since I'm asking what you're biggest mistake was while working online, I may as well talk about mine I'll actually post a couple lol.

A big mistake I made was starting up a clothing company with a few friends who didn't have a marketing or design background. One of the guys was my current business partner and knew what he was doing, but the other 2 were just friends with an idea. I invested some cash into the company so we could get incorporated and get some product in order to make some initial sales after all the designs were done. But quickly I started seeing a pattern in on of the friends actions that was not good for business. We all were equal share holders, so our business titles didn't matter. But the "CEO" decided he could use the company card to take out girls to sushi dinners in downtown Chicago. And if any of you have been downtown for sushi, you know that's a $400 bill at the end of the night lol And not only was he paying for this on the company card, he was using my investment to pay for this. I was a bit pissed off at this point and we cut off every card just so he couldn't go to the other friend and "borrow" his card. We now had 4 dead business debit cards which were worthless. We quickly dissolved the company and I haven't talked to the one "friend" since lol.

My other big mistake is when I was purchasing a website off of a big buying and selling platform. I bought the website for about half of what I had in my account at the time, which you shuould never do. And quickly after I purchased the website and we got everything transferred, I realized that the person was selling the website because the scripts that made the system so awesome were going to be worthless in a few weeks. I purchased a backlink checker website that ran on yahoo system that was discontinued. Yahoo made an announcement that the system would be discontinued, and the person who owned the website knew they were going to be dead in the water when this happened. So they sold it. None of the comments warned buyers that this was going to happen, so I'm not sure how it slipped through the cracks.


Well, those are 2 of my biggest mistakes working online.

What is your biggest mistake?



Remember to follow me (this won't be a mistake lol)
https://www.seocheckout.com/user/Razzy


Thanks,

Razzy

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CryptoGuru

CryptoGuru

This is a good one indeed. I would have to say the biggest mistake i have ever made was buying Ethereum at the wrong time. I purchased it over 10 bucks and almost lost a ton of money but was able to get out with a minor loss. Now ETH is close to 9 and it seems like its going to keep falling. The other mistake i make all the time is not using screen shots on my orders. This does not happen very often but sometimes i will get a buyer that claims i did not do the work when i did and because i have no proof i cant do anything about it. When it comes to working for yourself and exploring new ways to make money, you will always make mistakes. I think its apart of the growing process for sure when it comes to freelance. Thank you for sharing this is a great topic.

1 8 years ago

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Lynne

Lynne

Razzy I've made loads of mistakes since I started working online and some of them have cost me dearly, but like you have stated in your post the beauty of making a mistake is that you can pick yourself up and learn from it. Well hopefully you can if you don't take your business out completely!

I think my biggest mistakes were that I didn't know how easily I could have built my own website with a theme. I paid a web developer to build me an e-commerce store. Then a few years later I paid a massive amount of money to make my website even fancier and better when I should have just spent my time and energy learning about online marketing and SEO.

Yes my website was pretty and I had a very beautiful logo that cost a bomb... but really that wasn't what I needed at all.

Then my next big mistake was getting a full time employee. I have now learned that so many things can be automated! Anyway I treated her well and she turned out to be a bad decision in the end. On the bright side a huge part of her job was managing my social networks and now I have found a social media software that can do most of what she did and it costs me under $15 a month. Quit funny in a scary way when I think what I was paying her!

I'm not going to beat myself up for any of the mistakes I've made, it is not about the mistake really, it is what I have done with it that really counts and there I have always come out tops. I don't regret anything because I have learned such valuable lessons.

0 8 years ago

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TommyCarey

TommyCarey

I've always wanted to get big enough that I couldn't automate everything and I actually needed employees. But like someone once told me "Anything can be coded" and that means if you think outside the box a bit, you can code an employee Well, kind of lmao

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Lynne

Lynne

Razzy when you figure out how to "code an employee" I would like to order a few and staff up!

Until then I am not so sure I want to employ anyone

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hitmeasap

hitmeasap

Hmm.. I don't even want to think about this..

My biggest mistake was probably when I gave away money to a friend. The idea was that we would split the revenue for a project we where about to launch.. And I used my money to invest in our business. - Instead of doing what my friend was supposed to do, he ran away like a little bit**. With my money. - I haven't heard from him since that day.

Other mistakes, equally stupid, would be other investments I've been involved in. Where I've literally just tossed my money into something I had no clue about.. So all in all, my biggest mistake is probably the fact that I am impulsive. Both in life and business.

0 8 years ago

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vinaya

vinaya

My biggest mistake is not launching my own blog and website soon. I began writing on the internet in 2010. If I had created my blogs back then I would have been earning good money from my blogs. However, I spend a lot of time in writing sites. I did earn well, but when the sites shut down, I lost income source.

0 7 years ago

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Corzhens

Corzhens

I made so many mistakes but most are trivial and not really worth remembering. But one mistake that I remember is by posting on a board that was supposed to be for the public users and not for paid content providers. The admin or owner hit me with a killer rating that my earnings drastically went down because the earnings of a paid content provider is based on the rating. That is one lesson that I will never forget and until now it pains me to think that I was hit with that killer rating due to an honest mistake.

0 6 years ago

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