5. Don’t Have a Business Model

A great way to not make money online is to fail to have a business model, or even know what one is. Without a business model, or a plan, you can hope that you luck into the basics like identifying who your customer is, what products or services you sell, what the price point is, what your costs are, what your revenue streams are, what channels and partners you use to sell your stuff with, etc.

Or, you could read and apply the Business Model Canvas to address many of the business components including: Key Partners, Key Activities, Key Resources, Value Propositions, Customer Relationships, Channels, Customer Segments, Cost Structure, Revenue Streams.