Go into your FTP options and see if passive mode is checked. If it is, uncheck it. If it is not checked, try checking it. This should solve your problem, assuming the issue is not with your actual connection to the Internet.
FTP timeout - This time is set on your ftp program. Usually ftp timeout is due to a bad internet connection, bad ftp program, or the server is temporarily unavailable.
Remember that there is a limit of eight FTP connections per IP address at any one time.
