95% of Internet marketers and affiliate marketers fail

by 55 replies
Just read an article about affiliate marketing which was pretty shocking 95% of Internet marketers and affiliate marketers fail to make any money online and those who do make a bit of money will still quit because making $100 wasn't their dream of becoming an internet millionaire.

It's pretty shocking statistic, seeing as you have a better chance of making money in the stock market than affiliate or internet marketing which only has failure rate of 90% the same failer rate for small business's.

Mind you it makes sense if you think about it with just the vast number of people who want want a to join this game everyday. It's understandable most leave with nothing, most of the time worst off than when they first started.

For someone who has made large profits in both the stock market and affiliate marketing space makes me appreciate what I have achieved and at only 20 too, I think some of my success is being around successful people, my best friend who is 21 owns a retail company that turns over around £1m a year has given me some great business advice over the years and I have done the same as we both have our own field of knowledge.

Here's the article: Why There Is A 95nternet Marketing Failure Rate
#main internet marketing discussion forum #95% #affiliate #fail #internet #marketers
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  • Profile picture of the author good2go4
    Hi there,

    That 95% statistic has been around for a long time, but I personally think that it isn't a valid representation of either affiliate marketing or making money online. I would say that 95% of people who are looking for the get rich quick schemes or who are jumping from one method of making money to another are probably going to give up on the idea after they run out of time and money; but I am also sure, just from reading this forum, that there are a lot of people online who do make enough money to live comfortably and who are successful - it is just they are too busy doing what they are doing to talk much about it

    My 2 cents
    Lisa
  • Profile picture of the author DogScout
    97% of drunks and drug addicts die as a direct result of their drinking and drugging. That's a 3% success rate. Odds for IM look better all the time.
    • Profile picture of the author Matt Bard
      Originally Posted by DogScout View Post

      97% of drunks and drug addicts die as a direct result of their drinking and drugging.
      88% of drunks and drug addicts claim that success drove them to it.

      So we can now say that of the 5% of the people in IM who will succeed, around 12% will stay sober.

      Given these stats, I would say that only roughly 3.2% of the members here know what the hell they are talking about and the others are too inebriated or brain damaged to understand what's being taught.

      This accounts for the 95% failure rate
  • Profile picture of the author roxanne
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  • Profile picture of the author rmolina88
    I haven't made a dime yet, but I hope I don't end up in the 95%..
  • Profile picture of the author vok
    I think some people come online thinking the place is plated with gold and all you have to do is be bothered to collected the pay checks they don't realise that there is real work and that not everyone can succeed.

    I agree that there's a ton of money to be made I'd bet on that trillions of dollars worth of trade passes through the internet or generated as a result of online activities. But people want fast cash in and out job and it's not like that building long term profitable business's is what it's about. That could be teaching people how to bake the best cake to running an e-commerce business.
    • Profile picture of the author humbledmarket
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      Originally Posted by chriswick View Post

      I think some people come online thinking the place is plated with gold and all you have to do is be bothered to collected the pay checks they don't realise that there is real work and that not everyone can succeed.

      I agree that there's a ton of money to be made I'd bet on that trillions of dollars worth of trade passes through the internet or generated as a result of online activities. But people want fast cash in and out job and it's not like that building long term profitable business's is what it's about. That could be teaching people how to bake the best cake to running an e-commerce business.
      Honestly, I use to think that. I joined internet marketing through family who became very successful with his online income. I was under the impression it was easy money...boy was I wrong

      It's a lot of hard work but it's enjoyable as well
  • Profile picture of the author blackhawkup
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    yeah this is what i learned about direct marketing businesses.

    its all a numbers game..
    think about life insurance agents, kirby vacuum cleaners, and other door to door, cold calling careers..

    there are alot of people who are sold on the dream but when they see the reality, they just quit.

    everybody isn't cut out for business, but thats why those who do succeed, they succeed really good.
  • Profile picture of the author vok
    Business is a numbers game whatever business your in there's one bottom line and that's profit and how much your making... I think people focus to much on what they find enjoyable and not enough on profit because you can take $100,000 a month but if you spent $101,000 to make that then you don't have a business at all the guy that spent $10 to make $50 is more successful than you.

    The best thing you can do is work and work hard and if you still fail then get angry and get back to work to make the money back. Lot of people get scared of losing money I just get even more aggressive of making it all back plus compensation which maybe one of the driving forces to my success.
  • Profile picture of the author Slade556
    The problem is many people don't educate themselves enough to start making a profit online. They think you set up one website and the money just starts rolling in. Internet Marketing is just like any other job in the sense that if you don't have a strong knowledge base you probably won't make a lot of money. The 'magic bullet' syndrome is also very prevalent in our industry and when someone isn't making a truckload of money in two weeks they begin to think its all b.s. and quit.

    I'm always amazed that people are willing to put YEARS into a 'regular' job but only weeks or months into internet marketing before quitting. If they applied themselves online as they do in the real world I think most would be pleasantly surprised with their success.
  • Profile picture of the author aandersen
    Who knows how many quit, make it, or get rich? I don't know about you, but I have never seen any kind of analytic device for tracking the progress of every internet marketer. How would one even attempt to come up with that kind of figure?

    How could you even track how many internet marketers are currently out there?
    How do we know how many are successful?
    Can you define success?
    Can you define rich?
    If I had your money, would I consider myself rich?
    If you had my money, would you consider yourself a failure?

    I hate made up statistics. I think this on is just used motivate people, sell products, get people to realize it's hard work, etc. We all know IM has a high failure rate, but this statistic is really just one of those that you can throw around and call it whatever you want. 83%, 92%, 96%, 79%, whatever, they all mean just about the same thing IMO
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    • Profile picture of the author breaking dawn
      Originally Posted by aandersen View Post

      Who knows how many quit, make it, or get rich? I don't know about you, but I have never seen any kind of analytic device for tracking the progress of every internet marketer. How would one even attempt to come up with that kind of figure?

      How could you even track how many internet marketers are currently out there?
      How do we know how many are successful?
      Can you define success?
      Can you define rich?
      If I had your money, would I consider myself rich?
      If you had my money, would you consider yourself a failure?

      I hate made up statistics. I think this on is just used motivate people, sell products, get people to realize it's hard work, etc. We all know IM has a high failure rate, but this statistic is really just one of those that you can throw around and call it whatever you want. 83%, 92%, 96%, 79%, whatever, they all mean just about the same thing IMO
      forbes defines rich as having a net worth of at least $30 million

      i think that was back in 2008 or 2009, it may have changed since then
  • Profile picture of the author Alexa Smith
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    Originally Posted by chriswick View Post

    Sorry, but the article is nonsense; it really is. The first and third of the three reasons he gives for this alleged 95% failure-rate are just ridiculous. :rolleyes:

    Where do these alleged "statistics" come from, and who defines what "failure" is, anyway?

    I'm glad I didn't read anything like that before I started. Fortunately nobody told me it was so difficult to be successful (nor suggested his implied solutions!), when I was starting out - though if they'd told me like that, I'd have had the sense to ignore them completely, anyway. :rolleyes: :p
  • Profile picture of the author entrepreneurjay
    That is because they think it will be easy and they are sadly mistaken.

    Internet marketing is a business, just like any other business and it takes a lot of hard work especially in the beginning to get it set up properly. Then you can work less and less, and eventually it can basically run on autopilot.

    But it takes work to get there and most people are too lazy, or not motivated enough to make things happen so they quit never too return!

    Most want things handed too them when they find out they have to actually work they run for the hills lol literally!

    I am glad I am not in that 95%
  • Profile picture of the author donkey097
    i think that a valid stat. Everyone reads about getting rich in 14 days etc and when it doesnt happen, many just give up. Like any business you need to stick with it and pursavere
  • Profile picture of the author sdentrepreneur
    Think of learning Internet Marketing like college, except you can start making money in your freshman year if you study really hard. Then you can look forward to your junior and senior year. Then graduate and make big $$$$.
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  • Profile picture of the author rolough
    People aren't persistent enough and give up to easily...if it was easy, everyone would do it!
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  • Profile picture of the author @seo
    yes i am totally agree with you. i am trying to get success in internet marketing from past 3 years but i am still not making enough money.
  • Profile picture of the author Showayne Marley
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  • Profile picture of the author Venturetothetop
    Honestly, do not worry about the people who fail and concentrate more on the people who succeed, and that includes yourself.

    The OP makes a point, which I have shouted here many times. Most successful people make it to the top with the help of a mentor... Someone to guide them when they have questions and who can help them focus on the important things. WF is a great resource but in no way replaces a mentor.

    Seek out someone who has the life you want, and then convince them to give you some of their time. (Make useful comments on their blog, ask them interesting questions, accidently on purpose bump into them at offline events... show them you deserve their time and you will get it)
  • Profile picture of the author DavidAnthony
    95% of Internet marketers and affiliate marketers fail, because almost all of them are new and they're partlyoverwhelm by the information that is being thrown at them.

    The best way is to get the help of Automated tools (especially at first) that can bring significant amount of traffic that means better conversions ultimately money (sometime insane money) in your pocket, while you're learning to be a better Internet Marketer along the way.
  • Profile picture of the author actionplanbiz
    A good Solution is... DON'T QUIT (if all you worried about is "FAILURE")
  • Profile picture of the author pethanks
    Maybe the author of the article has the basis upon saying it. Thank you for sharing this to us.
    • Profile picture of the author Vogin
      Originally Posted by sdentrepreneur View Post

      Think of learning Internet Marketing like college, except you can start making money in your freshman year if you study really hard. Then you can look forward to your junior and senior year. Then graduate and make big $$$$.
      Originally Posted by DaveMcF View Post

      There are three kinds of lies: lies, damned lies and statistics.

      Both very true. I study two colleges at a time - University of Economics and University of IM.

      As for statistics, I had some insight to it and it's just ridiculous how it can be manipulated to suit one's needs.
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