Spend a few days online and you would think that the Internet is a community of multi-millionaires. Everyone seems to be making $10,000 each and every month using a simple, guaranteed system that requires virtually no work on your part ... and they are all kind enough to want to share it with you.

Every day we're bombarded with offers that claim we can make money quickly and easily on the Internet, often with a 'proven' system that 'guarantees' success. Unfortunately it's not as simple as some might have you believe. Here is the truth behind 10 common myths about building a business on the Internet:

Myth: It is easy - everyone is doing it.

Sure, lots of people have tried to start a business online. But how many of them actually *stick* with it and earn a reasonable profit? It's not uncommon to see estimates that 85-95% of all Internet businesses fail within the first year.

An online business is still a business. It might be more affordable to start than a traditional 'brick-and-mortar' business, but online business has its own set of challenges.

Myth: It is fast. Overnight - 7 days to success - 20,000 a month in the next 6 months

Success isn't built overnight. Anyone can create a web page and open up a website for business... but it takes time to learn how to attract visitors to the site and then convert them into paying customers.

Myth: You will have lots of free time

You might... after you have put in the time and effort to build your online business to the point where you do not have to monitor it constantly. Realistically, this can take years. Until then you will be doing what most start-up businesses are doing: learning to build profits and putting in long hours.

Myth: Just follow the guaranteed system and you will be successful.

There is no such thing as a 'guarantee' for success. The very best information in the world will not do you any good unless it is put to use! We are all individuals with our own skills, experiences, and interests. No 'system' can account for all these differences

Myth: You only have to work a couple of days a week or a couple of hours per day

How many business owners do you know that work only a couple of hours a day, especially when first starting out? There is plenty to learn about building a long-term profitable business online. Long hours and hard work are required for ANY type of business -- even on the Internet.

Myth: You can do it for FREE

Again, an Internet business is still a business -- and every business requires an investment. Marketing can be significantly cheaper online, but not everything can be done without cost. Even the very basics such as registering a domain and hosting your site are costs you have to pay every year

Myth: It is perfect, You never have to deal with people. No selling

Email is undoubtedly a convenient tool, but as easy as it is to forget, email messages are still written by people. You cannot shield yourself from interaction with real people. Even if you do most of your business via email, there will be times when it's more appropriate to speak to someone over the phone or even face-to-face

Myth: Make money while you sleep

Certainly you can -- but again, not until your online business is receiving a steady stream of targeted traffic and paying customers, and you have learned how to automate the appropriate parts of your business. Even the most beautiful site with the most incredible products is utterly useless unless people can find it

Myth: You will make your fortune on the internet

Perhaps you will. Are you willing to put forth the effort?

Myth: Build a Website and they will come

Consider this: there are literally billions of web pages available on the Internet. Your tiny little website has to somehow stand out from the rest. This is no easy task! It's essential for every Internet business owner to learn how to effectively promote his or her site to attract the right people -- not just the curious who might browse and leave, but those who have an inherent interest in your products and services

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