Why 97% Of Internet Marketers Fail?

[thomashoi]

This thread is dedicated to help the newbies who are seriously in making some extra cash on top of their job.

If only you are a machine, press a button and job done! But we got to realize we are not machines but human beings who have emotions and act according to our emotions.

You have tons of systems available that can help you to make money online but it's always the execution part that make you fail.

You spend a lot of time writing articles and doing back linking and even spend money on ppc but when the sales does not come in, you feel disappointed, jump to the next niche do the same things and get the same results and feel even more disappointed and almost get into depression.

So where's the instant money promised when you buy that hyped up internet marketing product?

The truth is there's no such thing as instant money making machines but internet marketing is all about building a serious business that can give you a comfortable passive income, only if you will allow yourself more time to learn through the basics step by step.

Whenever your marketing campaign fails, instead of feeling disappointed and just moved to the next niche, try and find out what is wrong and learn along the way.

For example, are you selling the right product to the right audience? This is a very common mistake of mismatching products to target audiences for the newbies. Trust me, once you understand your niche/target audience well, money will roll in!

As a newbie since april 2007, I have my fair share of learning and I'm going to share with you 3 simple steps of how I start a new campaign.

Step 1: Find a hungry crowd/target market

Check out newspaper, magazines, tv and radio and find out what people are talking about nowadays. And yes, pay special attention to advertisements! I made my first $1000 a day by setting up a campaign around that advertisement.


Step 2: Find out what they really want

Goto forums and hang out with your target audience. Find out the lingos, the words they use and what problems they are having and desperately want to solve.


Step 3: Give it to them

After step 1 & 2, you would have found out the exact keywords which your target audience will be interested. Write articles or ppc around these exact keywords and track your campaigns.

Good Luck to all you newbies out there!

[James Schramko]

Step 4 - Give them another serve

[edhan]

Yes. Most IM fails due to high expectation of easy to earn income with least amount of work. That's the impression for any newbies when they are getting into IM.

Well, in true life, it is never the case. You have to carefully plan your way to success. You have to do alot of research and see what is in demand - problems that people encounter and require solution. Read magazines, internet, forums, etc to find out what are the problems people facing and you can build products to help them resolving these issues. That is when you will find money comes pouring in.

Your initial starting point will be doing alot of research and only through this hardwork then you will be able to find your own goldmine.

[lost_coast]

Most IM types fail because they fail to realize that there will be work involved in the process. There are a number of skill sets and technologies that have to be learned and mastered before someone can really expect to turn a profit in this business.

On the flip side however, I don't think I can blame them. All you have to do is take a look at all the gurus sitting in their underwear on speedboats talking about how easy it is to make money online to see where they get this mentality from.

[freecashman]

I agree that many fail to succeed because they enter business opportunities with a lack of understanding of what it take to succeed. A study showed that successful network marketers that were earning $20K a month or more, achieved that in working their business inside of 1-3 years. Interesting point was that the individuals making the $20K plus a month only referred an average of 40-75 personally, and only 8-12 of them stayed in the business.

So, if one understands the dynamics of what it takes to succeed then success can be theirs. Commitment and dedication over and above all obstacles and barriers that will seek to prevent you from achieving your desired dream of freedom and independent wealth.

[Stevecyr]

Even Ive heard that most of them fail.. Y, even I dunno exctly.!
Now I am going to start my travel site and surely remember many a thing frm here.

[abuhakim]

I've enjoyed all the previous comments. By far I believe in addition to false expectations of quick success most new Internet Marketers lack a basic understanding of business modeling. They are not prepared to start a "real" business. Most are just "independent affiliate salespeople." In the beginning it's a war of attrition.

Very few evaluate the cost of developing an online business based on a realistic assessment of their marketing/sales skills & experience, the amount of time needed to study the business, the amount of time needed to research & develop a market, the cost of doing business (domain names, web hosting, auto-responder, automation software, etc.) and most underestimate the importance of having a good mentor.

Essentially unless they're tenacious, they are doomed to failure from the beginning. This is why owning a "business" is not for everyone. And, in a strange sense, these people are some of our best customers!

[Earl Heflin]

My opinion on why so many people fail is because of
the way traditional network marketing is setup. Most
are told to build a list of friends and family and sell
them on your company. This is a horrible approach
because it sets up a ton of rejection. Rejection that
97% can't handle, so they quit.

A much more effective approach is to use branding and attraction
marketing using social networking sites.

[askloz]

97%? sheesh, seems more risky than forex 95% fail ...lol

[Swastik]

Very good point you've made.

I've myself talked to a lot of people who, if take consistent action, will do very well but they won't take action. Some are fearful before doing anything that it won't make any money. So they won't ever start doing anything.

The rest who'll go out there and do it will quit if it doesn't work quick and fast the first time around. This is not how it works, you may be able to get a couple grands here and there, but when you talk about building a long term business, you ain't doin' anything.

[Paul Coleman]

I have to agree, look at what works and is making money - then do something similar. Find the heart of why something is successful, and then create something along the same lines.

[bobwilson37]

My opinion regarding this is,
Many who wants internet as a money making machine, thinks that, they need to do one time task and the money odes follow him. But this is not the case. If we need to earn, then there should be regular process of work need to be done.

So I would opine that internet marketers must have keen supervision on the task job they are doing and need to work on it on regular basis to achieve success.

[mediamogul]

IM is about patience and trial and error. There really is no get rich quick way, not if want to be doing this for along time.

[jayden.fellze]

You have shared a good advice. Our online business is not always a thing for money. It should be taken seriously so that in the end a good revenue of income will come our way. Internet Marketing business is a serious business, that must be invested with time and effort.

[wezza]

Agree with everythign said so far and for me personally, having lack of focus and keep getting sidetracked with the 'next best thing' and various wso etc etc. Focus and a working plan really helps.

[stevereel]

Great thread. But I think it all goes back to Thomashoi's original post... doing your research and finding the right market. Get that step wrong and nothing done later can fix it.

[aikay77]

You just said the truth, the whole truth, and nothing but the truth. As someone who's read, see, heard and bought it all. I know what you're saying is true.

He who has ears...let him hear and then...DO!

[Auriana Jensen]

I have written a Ezine article on this subject, there are a few reason people fail.
One is that they do not collect site visitors information, it is important to have a optin form to help build your list. You could offer a free e course or a ebook to entice people to sign up.

[sogeshirts]

As a newbie looking to get into IM my strategy is to learn and digest as much as I can from you all, take action, fail, go back to the drawing board and repeat till I succeed.

[nicholasb]

I Have been making money since my first week online, maybe it is because I realized that is was gonna take time and effort, now over a year later my whole life has changed for the better

[freecashman]

Originally Posted by wezza

Agree with everythign said so far and for me personally, having lack of focus and keep getting sidetracked with the 'next best thing' and various wso etc etc. Focus and a working plan really helps.

Jumping on the supposed next best thing only works if its the next best thing. Doing multiple business can work, but probably not the best move for someone just starting out. Also, I think one has to look at how multiple businesses 'gel' Having more than one of essentially the same thing will just keep you unfocused, as you stated.

[mcpeak5632]

97% of internet marketers fail because they feel that what they are doing is best..

[LordXenu]

I'd sya that straight out of the gates 75% of the people who get into online marketing don't have what it takes right of the bat. They are lazy, clueless, and wouldn't succeeed in any business. Some people are workers, some people are leaders. You need to be both. A lot of people jump into this game with promises of big riches with little work. This just isn't true. Of that one quarter that do have some of the skill required, many half ass their way with little determination, and bounce from method to method without ever seeing the results they want to. If you're going to succeed, you have to have it in your head that 20 hour workdays are ok, that failure is not an option, that automation is key. Work a method and campaign until it is earning. Then automate the method via outsourcing or automated software. Set it, forget, move on to the next conquest. They don't call us "warriors" for nothing. You gotta fight this game tooth and nail using every tool you can to your advantage, and many aren't prepared to do so...

[ttwee]

I think the high percentage of failures comes from:

- being impatient and wanting to see results fast
- not much time to devote IM efforts, esp. if you still have a full-time job and other family commitments
- not enough money to buy some "ready-made solutions" to jump-start your IM campaign
- bought some "ready-made solutions" but found that they don't really work. Got scolded by your wives or girlfriends and you get demoralised and quit
- too fickle on campaigns, ending up to be a "campaign-hopper". Spends a week on one campaign and if it doesn't work well, jump to the next campaign.
- confused by the different IM suggestions and methods being circulated around. In the end nothing works.

[thomashoi]

Originally Posted by edhan

Yes. Most IM fails due to high expectation of easy to earn income with least amount of work. That's the impression for any newbies when they are getting into IM.

Well, in true life, it is never the case. You have to carefully plan your way to success. You have to do alot of research and see what is in demand - problems that people encounter and require solution. Read magazines, internet, forums, etc to find out what are the problems people facing and you can build products to help them resolving these issues. That is when you will find money comes pouring in.

Your initial starting point will be doing alot of research and only through this hardwork then you will be able to find your own goldmine.

This is so true. If you treat IM as a business, invest time and money to grow it, there's no reason why a person can fail.

[grover69]

Many fail because they spend too much time here reading and not enough time building or adding to their efforts. As Chris Rempel says (and it is so true), do at least one thing profitable for your online business everyday. And more if you can!

[marketing1012]

Never give up, determination is your key to success.

Thanks for the post man, works well!

[unlimitedwealth]

thanks for the post. it's all boils down to take action.