Failure In Online Business

An online business is also much like life! They all start from small beginnings…

But just like life itself, these small beginnings sometimes don’t see themselves grow. Like sparklers, they seem to have wicks that limit them. The good thing about it however is that something can be done to make it last and stand the bickering.

You should be aware of some of the reasons why 99% of online marketers end up with failure in online business, for you not to end up as one.

Here they are

#1 People think it’s a joke to start a business online

It may be sloth or procrastination or some other word they call it, but when a marketer thinks that he can get amazing results for his business with little or no effort at all, he’s in a bad shape to start with.

Regardless of automation, tools, and outsourcing service, any online business would need you to work on it. You can’t be an absentee landlord in any virtual real estate, so to speak. So the best thing you can do is to get your hands dirty and do the job well.

#2 They don’t have the skills and know-how

Just because you don’t do legwork in an online business doesn’t mean it’s a no-brainer. In fact, the mere fact that it’s online requires you to retool yourself, meaning good-bye radio and TV ads, or morning-the-night sessions with suppliers, and hello internet marketing.

I’ll let you in on a secret. Find a great mentor, someone you can trust, and you’ll be okay, make sure he knows well how to handle failure in online business.

He’ll tell you what skills you have to know, but you also need to do self-training on the sidelines.

#3 They forget about the people 😳

One more thing you have to remember: learn the skills but keep in touch with people. Whether it’s online or offline, running a business and making it successful still boils down to people and how you deal with them.

So the best secret you can keep is to master your people skills and never ever forget about them.

#4 They don’t know how to discipline themselves

Those who are used to having a boss may find it really challenging to do what it takes to run an online business.

Yes, you have all the time in the world but you have to consider it as your greatest resource. Keep a balance in your life between fun and work.

failure in online business
 

#5 They are not consistent in their efforts

I have a farmer friend who used to have a problem with less produce. What he did was ask for help from a local cooperative. He was given seeds that can yield good results. He started out with just a few of those seeds, worked hard on growing them, and earned much in his first harvest.

But he thought he had enough and became too sure of himself that he had not worked as hard for his second harvest. The result was he only got less than half of what he got during the first harvest.

So there you have it. You surely can see now how consistency plays God in any business or any endeavor at that.

# 6 They don’t find the business pleasurable

Why you should choose well your business is because of one thing—you should like it that much you feel like you’re not working at all. When you love what you’re doing, you’ll never run out of ideas and you’ll have overflowing creativity.

When Kate Winslet bested many other Hollywood Superstars as she won the Oscar best actress award, she was asked her secret for her successful career. She only had one thing to say and that’s she only wants to do one thing—to act.

So do yourself a favor, make your business your first love.

#7 They don’t have the strength of mind

If there’s one thing that any online entrepreneur should master it’s the “I CAN DO IT ATTITUDE”. There’ll be many loopholes, downfalls, and frustrations along the way, but the one who ends up at the top never gives up along the way.

Remember that you don’t have to be a superhero to be able to run an online business, but if you want to be successful in it, you better be not like everybody.

Make sure you don’t make the same mistakes I made for a very long time and follow the best online mlm training.

If you find it in your heart to abide by these rules, you are sure to be safe from failure in online business.

I hope you enjoyed reading this article. There’s a way for you to get more information like this regularly. Just leave your information on the empty fields below and we’ll send you a mail each time we do a new post.

 

Talk soon,

Elmar Sandyck

Elmar Sandyck

4 thoughts on “7 Reasons Why Most Online Businesses Crash

  1. Hello Julie,

    Nice to meet you here!
    You say you don’t agree with #3, what’s your opinion on it?
    I completely agree with what you say about #4, learning how to discipline yourself is just vital in any business!

    Thanks for your comment!

    Elmar

  2. Hi Fred,

    Finding a mentor is really difficult. When finding one, we need to identify what specific character or traits we want from them. Mentors are there to help us grow so it’s very important to that they should have a good track record and someone we could eventually trust.

    Thanks for the comment :)!

    Take care,
    Elmar

  3. Hi Terje,

    Keyword research is really an important aspect when it comes to online marketing. If you target a wrong keyword, all your efforts are put to waste. It really is recommended to conduct an analysis first before engaging or optimizing your site. For this type of work, Market Samurai is something that any online marketer should check out :).

    Take care,
    Elmar

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