Why many people fail in their online ventures?

Hi! I totally agree with you!

I couldn't agree more

Where did you get those numbers from? I think they are wrong! 84.5% mental and only 15.5% mechanics. This are the correct numbers!

Love this list, especially the last few points

Even if i don't agre with a couple of things this is a great post. Thanks for taking the time to write this great post!

Shiny syndrom++ not taking action is only reason to fail in IM

Despite my self-admission and (satirical humor lately) - I total agree with being TRANSPARENT.

The one big struggle I have allowed to slow the money from flowing in my online pursuit is NOT a lack of motivation, laziness, skill sets, or ANY of what many often "imply" is the reason(s) so many fail online.

Truth is, people fail online for the same reasons they fail offline... lazy, lack of skill sets, no motivation to succeed, frustration, low self-esteem, low self-worth, fear, whatever it is...

For me, it was a deep concern for building "CREDIBILITY" - not so much a direct concern for being or becoming an authority or a guru... just being able to receive and maintain the respect of those whom I admire, Pat Flynn being one of many.

However, as I'll be the first to admit; I found a sense of euphoria exploring the mechanics, strategies, communication & marketing channels, and all points between, and as such, I am the only to blame for NOT already be in the high 5 to 6 figure income range with the tools and resources I already have.

Leading to my point...

I recently read somewhere (I believe it was Brian Clark - Copyblogger.com) and I'm taking this out of context a bit, but here goes...

"If we emulate the people whom we admire, who we truly appreciate, and can relate to (as in this industry for example) we can essentially build credibility, by quoting, interviewing, and creating a parallel (or silent relationship) with our audience (using the authority and credibility of others) to accelerate our own personal and financial growth."

Here's 3 simple examples of what I am referring to:

1.) Borrowed Authority:

In writing for instance, quoting similar people, phrases, or building a stronger emphasis to our communications by dropping names, quotes, or phrases that "ties" our messages to the giants - be it we must all start of small. *This can be in written format, video, audio, etc...

Say you're starting a blog, you are focusing on Copywriting - you visit ProBlogger, CopyBlogger, The Gary Halbert Letter, and study under some of the world's best... but who are you to your audience without credibility?

You can begin by write blog posts (in your own words -of course) what your objectives are, such as teaching the "process" of copy, or "tips and tricks" - "time saving techniques", etc etc...

But, you build your message around successful people's messages, and (not steal) - but borrow their authority to create your own credibility.

Of course, you will need to meet or exceed that audience's needs, wants, desires...etc. and cannot rely solely on their success, naturally. You can however, accelerate your own success provided you have knowledge, and have done your research.

*Which is exactly why... "Your reading and listening to Pat Flynn - you see, those whom you admire & respect is the beginning of the journey.

Oh, and this especially works in promoting 3rd party goods and services, as in; writing reviews, recommended products/services, and even on your blog as a "Tab" - reading "Toolbox" or "Stuff We Use" or "Tools & Resources" - you get it, I hope.

2.) Syndication -or- Guest Blogging:

If you are in a specific market or niche, and you can either write (or hire someone to write for you) powerful content pieces, articles, etc... and simply research the market leaders, high ranking authorities, and top bloggers in your niche markets - if you write (and or produce) quality content... you can practically produce instant credibility, traffic, and become part of that group mindset - simply by Guest Blogging, Syndicating, and Contributing to established authority sites, blogs, even offline magazines and publications. *They all have "White Space" to fill!

*If done correctly and you contact the right authorities in your niche (*which is where I get uncomfortable) - you can build relationships, JV partners, and move towards those you truly admire and desire to emulate.

3.) Interviews:

Perhaps the easiest way to get credibility, provided you are not to shy to contact people, ask questions, and produce something worthy (in-trade or by doing a promotion swap or email blast, for example) - whereby, no payment or cash is required to interview people, but... you will need to either be willing, or capable of "working a deal" - so, all parties benefit.

It could be a webinar, whereby, you earn 50% of the "Pitched Offering" the authority figure has to offer! - whereby, you market, promote, and fill the webinar seats, the authority figure does the interview or informs your audience for an hour, pitches a relative product, and you both generate income, and the end user gets a bargain, provided the product/service is worthy.

But more importantly...you associate yourself with those whom you admire, and build credibility with your audience, and if things go well, build a potential relationship, partnership, or even a friendship with the Authority figure, which is the true reward.

A few examples that became credible using borrowed authority... Napoleon Hill, Eben Pagan regularly interviews people like; Richard Branson, most IM (and MMO) guru's have leveraged each others skills, traffic, emails, and used that "United Power" to amass fortunes (i.e. Frank Kern, Rich Sheffren, Daniel Levis, Andre Chaperon, Dan Kennedy, and 1,000's more...)

Look whether your like me, and just want to write... or desire to be the next YouTube celebrity, or provide web design or graphic services, start a podcast, whatever it is... there are 100's of thousands of markets online...begging for talented people, the only real challenge is knowing what you want, the vaulues you place on your time & energy, picking a proven niche with a demand, and positioning yourself (i.e. your writings, videos, audio, etc...) in the path of your target audience.

This is NOT rocket science!

Unfortunately, if you are like me... and want a USP that is worthy of the greats, and those who you admire in your fields of interest (as there are many), I suggest learning simple "processes" and in time, you build entire "systems" comprised of all those little processes that make up the "CONTENT" of your website or blog, and becomes your intellectual property, your products, and your business offerings.

I get really "hung up" on design, and although I am getting better with Photoshop and have 1,000's of dollars in White label graphics on my hard-drive... it is a major time-sucking black hole that the "artist in me"... never feels my design/writings are worthy of those I truly admire (not a bad fear to have, as it demands my very best), so now... I need to decide; "Outsource it?" or "Run with it?" and I think from there all will sync nicely with the 5 years, I put money as the secondary focus of all my efforts.

I may not be "actively" using any set "process" as of yet, for I've spent 5 years assembling several pieces I felt to need to have knowledge of... even if only at the basic level, and as Alan Weiss often mentions; "There is content and then there is process" - He often ridicules the entire "Educational Institutions" for not teaching students the "Process" as in; How can students to use the content they've obtained in a realistic way, as it is seldom part of the curriculum in any academic institution.

Me, I am an autodidact, I believe in the continual pursuit of knowledge, self-taught (8th grade drop out) with a conceptual mind - that never starves... (though at times my wallet does, lol) - but, I am just now recognizing the pattern to success is weighed in the "Process" of assembling the"Content", and How you communicate to your audience/prospects/tribe/community etc...- is paramount!

If, I was to ever let the "real" me out, I'd probably do better in comedy, satirical humor, and whether be it by flat out pissing people off, or making them piss themselves in laughter... I know I could get their attention!

It's a tough choice, as many of the issues we face today are serious issues, such as setting people free from their polluted minds of fear and outside influence... a side project I am still working on, in the meantime...one that's taking me to the deeper depths of hell... as I construct the means to escape that understudy, metaphorically speaking, of course!

- OK, that's my quota for the WF today... I've got to break the habit, this place can devour your time and your mind if you let it!

Keep it Real..."Now Go Get Naked"...and They Will Take Notice!

- Art

No no and no! Can't take it anymore! Please stop this motivational bs. That is not the reason why people dont make money.

Statistics say that way over 90% of businesses (so people that actually take "action") will fail within the first year. This is only some sort of empty and meaningless slogan IM use to convince and feel better about themselfs. Some sort of placebo motivational crap.

I actually think my 4 point (posted above) are the reason why people do not make money. And after reading the last post by RS3RS i would add a number 5, which is because they focus on making money and not creating value...

The next one who mentions this "take action" bs slogan i will shoot him down personally!

Ehhehhe just kidding guys

Hey Profit. thanks a lot for the ebook. Are you selling that book or giving it away for free when someone sign up for your newsletter?

Where is my glock!

100% AGREE with your response.

1)) Many people think they can start a (real) internet business and make money the same day, without a solid business + marketing plan + $$$

2)) others don't have $10 to invest into their businesses ( this is crazy)