Why there are a lot of people fail to make money online?

Tony

I have to disagree with what you have written as I don't think they don't stick it out ,it is the teaching or the course they are following is the problem nothing is ever updated just rehashed

We as senior marketers have never changed what has been done before in teachings or courses either to lazy or bothered to do it !

If you take list building before we could put up a squeeze page capture emails and spam them and because it was new people bought what we were selling never questioned

Now look at today Re hash does not work anymore and unless you throw large sums of money at traffic you are not going to have a big list as before and why? they know what spam is and how to delete the email

Does not mean you wont succeed just going to take a bit of time , some will get lucky but most wont

Plus the other factor is the new marketers want to have it now and free , so as a collective it is up to us the change the perception in the MMO niche which is a bigger problem in its self

Jason

There are many reasons for this, but it will all fall down on your will, desire, perseverance and willingness to learn more. At the sight of failing some just give it up and go back to the secured job they have and closing the chances of ever being successful in this field. Failure is but of course pieces of success waiting to be put together.

"Reason #1. It was because they do not stick with it long enough to see how things work. "
I agree with it. Because they do not work long enough to get results. They all want to have the best results, but they are not persistent with their goals. It may be a year or two to get the result is normal

Yeah. Reason #1 man

Only the masters will win. How to be a master?

Spend enough time to master skills, to master what they do.

Skills would take time, a lot of time, could be thousands of hours in the training room.

A lot of people dont dare to pay that price, that's why.

Because this journey is too long, maybe the winter is too long, too cold

I mean. I agree with reason #1

Reasons:
They are not persistent
They are not interested to learn

They are not investing enough
They do not develop their skills

They do not have a mentor
They do not follow what other successful people do

There's a psychological model called the Emotional Cycle of Change that explains the stages that we go through when we're learning something new, and it's very applicable to understanding why most people throw in the towel before they get anywhere with making money online...



When we're getting started, we're in 'uninformed optimism'. We think that ditching the 9-5 sounds great, that earning a load of cash from the comfort of our homes whilst wearing our pyjamas seems like the best thing ever. We don't really know what it'll involve (hence the uninformed bit), but we're eager to get started nonetheless.

Then we dig into a bit more, and we're more informed about what to expect, but we also realise that it's not going to be a walk in the park. There's stuff to learn, tech to master, strategies to create and tweak, and tactics to weave together. There's money to be spent. We've got a better of idea of what the game really looks like, and suddenly we're not so excited anymore.

Then we hit the valley of despair. It's too hard, we can't do it, nothing is ever going to work.

So most of us stop right there. It's human nature.

And then, inevitably, a few months later, we're repeating the cycle over again. We've heard about a DIFFERENT way to make money online, and the same thing happens. Again and again. That's why so many people get stuck jumping from one 'opportunity' to another, never really getting anywhere or creating any results.

Success is a lot to do with recognising that valley of despair, and knowing that there are options that will serve you better in the long run, other than quitting.

As a side note here... This is always a massively valuable tool that I use whenever I'm undertaking a big new project, or I'm working on something particularly tricky. Recognising that you're probably going to hit that 'valley of despair' at some point, and actively managing it, make it much easier to see things through.

In terms of the outdated information...

That just feeds into the cycle further. When we've got information that isn't serving us and we realise is no longer relevant, it just amplifies all these feelings.

(Another reason why I love this... 'Valley of despair' sounds really dramatic. We've all been there and might be able to laugh about it now, but there's plenty of rock bottom moments on this journey)

1. Lack of money.
2. Lack of time.
3. Hope for a get rich quick magic button.
4. Hope to get it for free.
5. Hope the magic will happen.
6. Lazy.
7. Not trusting anyone than their dream/hope.

The reason behind for people who are failing to make money online is they're expecting quick result i.e earning money quick. They're not caring about the efforts, ideas and anything. In that case they easily give up, so they couldn't able to make money.

people consider internet marketing as the #1 business on web to make money ( int. marketing is an hard niche!! )

make $10K per month with other markets, Autopilot Businesses are more easy to do :-)

So we are all agreed.

The reason that the untrained, misinformed, uneducated, zero experienced newbie with a half baked dream and zero resources fail is not due to their lack of skill, ability or aptitude for business but because they didn't stick with the idea long enough.

The main reason people fail is that they are looking for the wrong kind of business. I call them the "Recluse Marketers". They are looking to be able to sit in their mom's basement and make money hand over fist. They are looking for a system that they can "set it and forget it". Unfortunately, there aren't systems out there like that. If so, then we would have all found it by now.

To be successful in online marketing, you must be willing to work. The same way you work at your job or for your other businesses. If you work hard enough, eventually you can have a set it & forget it system based on your name and reputation.

"because they do not stick with it long enough to see how things work"

This is because they start with very high expectations. Many people get into this online marketing thing because they've seen an ad or some guru teaching them "how to make $10,000 in 10 days".

And even if they make $100, they are still not happy because they were expecting $10,000.

If the gurus were saying "I'll teach you how to make $10,000 per month after 5 years of work"... then no one would buy that product. Everyone wants quick results.

No one goes to medical school and expects to become a great surgeon after the first semester. They know that it takes YEARS of hard work and dedication. But they don't teach that about online marketing...

Also most people focus on short term and try to make a quick buck at the expense of long term gain.

Instead if you provide value and focus on your backend you'll kill it.

If your users can go through your content and get a whole lot of value and learn new things that help them without needing to buying anything from you then that means that your on on the right track for long term success.

Anything they do buy from you is to simply enhance what they have already learned from your content.

For example you show them how to set up a wordpress site in an article or video and link to relevant sources such as wordpress download, hosting company etc... So your giving value first which means that if they never buy from you they still can leave learning something new. However you'll probably find a much a higher conversion rate because your "selling" your free value (selling without selling) and also every anyone that buys from you will have gone through your value funnel first.

For me the number one reason people do not make money online is becasue they do not stick with one method long enough.

However, with that said, there are other factors, like having unrealistic exceptions, like thinking they are going to make millions overnight.

Lastly, I would say that people go into niches that they really have no interest in--they just do it because they think it will make them money.

To me, this is a sure-fire way not to make money--I say this because you will not be motivated to work hard on a niche you know nothing about and or have no interest leaning about.

The fact shall always be that the majority of businesses (startups) fail.

The only thing you can do, is endeavor to better create high quantities of value, all the while getting your message out to the world in an economically viable manner.

3 words...

Identify - Qualify - Convert

Most people have issues with getting traffic... but traffic is not all created equal. Understanding how to identify your ideal customer, and create the content etc to draw those people to your offer is the silent key.

Even with that.. Identifying the ideal customer is not enough.. you have to qualify that targeted traffic to weed out those that wont buy or cant for what ever reason.

Once you have an ideal customer, that is qualified to make the purchase.... the conversion process is pretty straight forward.

Its this kind of attention to detail from the get go in the traffic process where you see people with mid to high single digit percentage conversions... and those REALLY good at this bring in double digit conversions.

Success is in the process of identifying and TARGETING the ideal customer for your product or service.

This I believe to be the greatest disconnect between success and failure.

Uummmm... my opinion?
Tons of "sellers" don't have a real BRAND of themself, that it's one of the first ways to collect money

On FB is pretty easy to make $5K - $10K per month thanks to a powerful brand...

I want to add one more at bellow with pawandave
4. Irregular activity

Not sticking with it. Or they are trying to make money from an already bloated niche.

The main reason people fail at making money is that they think it will be easily accomplished. If making money online was super easy no one would have a real job. It takes a lot of trying and failures to reach success in Online Marketing. Most people quit after the first failure.

The odds of anyone starting today becoming successful within
two years are astronomical... and most will give up long before that.

Think about it...

Success in marketing... internet or any other kind... requires the
would be Seth Godin to at least become competent in a variety of
skill sets.

Product creation... copywriting... sales... traffic generation... those
are just a few.

Oh, you say... but I can outsource all of that. Sure you can but if you
don't know at least the basics about the work you're outsourcing you will
have no idea if you're hiring the right contractor. Newbies getting eaten alive
in the outsourcing market is almost a cliche.

So... it really isn't about wanting it badly enough. The fact is the vast majority
of those who want it so badly they can taste it will still fail because they simply
don't have the aptitude to even begin to know which skills they must acquire, let
alone become competent in them.

Lots of people criticize the profession I'm in for the number of failures they
perceive but I sincerely doubt if the success rate in online marketing is more
than about 2%.

It's better odds than the lottery but it's a whole lot more frustrating... lol

Reason #2

True, I agree with you, but I also think that the main reason as to why people fail to make money online is Information Over-load.
Now there are literally thousands of ways to make money online. The problem is when you get over-loaded with the type of information to do so. For example when you check your email, how many times have you noticed a new program or product that will show you how to make money online. The simple fact is most of these products will work but it does take time, If you have been told that you can make a lot of money within a short time of period, I personally believe that cannot be done; especially if you are a complete newbie. There are steps you will need to learn before that can be done. In this business its easy to get over-loaded with information to the point where it does not even make any sense.

Reason #1 you have to be persistent there will be ups and downs with any business online or off.

Ride out the bad times to get to the good times.

Reason #2 Not learning email marketing and how to build a proper funnel that converts well.

You must master the skills that directly put money in your pocket email marketing, product creation etc...

And do not be afraid to sell just do it in the right way this is how you earn your money.

So to recap: Persistence, continuously leaning and executing the skills that matter that directly correlate into money in your pocket.

They give up too soon!

That's a good reason. Another one is they don't take enough action imo.

Anybody can get into IM with little or no money and this is the reason why there is a lot of competition.

The main reason why people fail online is because there is too much competition.

People successful at making money online are really good at what they do, they are experts, they know what they are talking about and they are capable to differentiate from the rest of the crowd.

Nice question you asked.

Why did we fail? because of we don't have a plan. Like if someone doing blogging and he/she doesn't know about blogging niche then how they survive or even if they don't have writing skill then they can't survive. I also failed because of writing skill. While I am doing blogging I am happy but after Google Penguin launched then Google hit my site then everything vanished.

Idea and Plan would be two components. If you have idea and plan then you will survive easily without any hesitation.

Lack of persistence, motivation, inspiration, need, etc...
Over 95% of new businesses fail within the first five years. Over 99% of bloggers abandon their blogs.
Therefore, no wonder why most people fail at making money online.

I agree. I seen a guy break even on his first PPC campaign, and then he stopped cause he said he didn't make any money. Dude read countless books about backend marketing, and didn't have crap lined up on the backend to sell to the customer. He didn't stick with it long enough. Just like most people who don't make $5k within their first 30 days.

No. There are a lot of variables that come into play. Some of it is simply being at the right place at the right time. Like being an early adopter of an opportunity.

I know a lot of people over the years who have worked really hard and end up losing out. One mistake is putting every egg in one basket. Or trusting a system will be around in 3 or 5 years, when a lot of them get bought or go under. All that investment down the drain.

In a word: laziness.

Many aren't willing to learn what they need to learn, and/or won't do what they need to do. They're looking for easy money to fall in their lap.

Many are lazy people.... but it is not really a problem if you have an autopilot business that works for you.

Yep, make your money work for you by using automated solutions and you can stay VERY lazy ( customers make $5K - $10K per month)

I believe having too high of expectations too early is the problem. Expectations have to be set at a fair level. As a person gains momentum then they can set the bar higher. Some things also have to be learned through trial and error. Once you do find the one thing that works for you and is aligned with the amount of effort you're willing to put it, then success is assured.

I think that it comes down to a lack of understanding of the skillsets needed in order to make sales and a lack of patience.

Some marketer do want it "bad enough" but reality of the matter is that simply working hard or "wanting it bad" isn't the key ingredients. Many marketers work hard and get burned out and discouraged because they aren't strategic and don't do up front research to get grasp of things.

Lack of Knowledge is the main factor to fail in this sector. Lack of Patience is also responsible for failing. Thanks for your advance.

Which money making methods do you prefer? My wife has started trading binary options from home while pregnant. I have to say that she earns some really nice amounts of money there. She found out about it thanks to the article here. Maybe you will find something interesting to you there too, take a look

Simple : They think its an overnight success, so after a week when they make no money they throw the towel in and moan, request refunds, put no effort in!! I have been in the internet world for 5 years selling websites and making them, but 3 months ago decided to try marketing as an affiliate- I have spent out about $600 in total and recovered about $400 so far... so a loss... but.. I have a 5500 email list, I can build squeeze pages and funnels, make money every day from my list and getting there! I am giving myself until this time next year to be making $3000 a month... will I do it?? Yes, no issues! STICK at it people!

Definitely a mindset thing; tons of folks want to make money online, mainly, and have little interest in following some niche they enjoy working, improving their skills through practice, and, they have a general distaste of giving/serving, which means, not getting aka making money for them.

Hi Tonny,

Here's an interesting article I read from one of our fellow WF members that might throw some light on the subject:

https://profitcopilot.com/the-ugly-t...ro-online.html

Regards,
Robin

Most of people fail because they do not want to win. They think they do, but in the end they really dont. (I want to lose 10lbs but I refuse to diet or exercise .. ie I dont really want to lose 10lbs)

What makes you think there are a lot of people who fail to make anything online?

I believe for some people they get into it at just the wrong time and don't really understand what to do and get discouraged. I have been doing this for years and sometimes I get so sick of it because of all the changes that happen all the time. Google for me is the biggest thorn in everyone's side. Even if you do everything the way they want it done and do itperfectly they will change something and your site will drop off page one or two to who knows where. One week backlinks mean everything then the next week they tell you great article this long are great then a month later the say the articles need to be longer. I often find sites on page one with noting but a picture on their home page and wonder how did they get there since there is no article there at all and that is what Google keeps telling us we need to have. It isn't just that as it is Google analytics as well as it seems every time they make a change it is almost like you have to start all over again because the way you use their system is totally different then it was before which means you now have to take tons of time to re learn how to use it. So I think people fail for many reasons but getting fed up I think is a big one. For me I never quit I may take a long break but I always have my sites up and I keep trying to make them better.

Some great advice in this thread, in summary this is what has helped me in offline and online business success over the past years:

- Learn with an intent to act...this forces you to guide your learning in a very efficient way and to ALWAYS take action to refine your learning getting maximum leverage
- Have a long-term vision that drives you emotionally (this is the WHY you get out of bed with enthusiasm each day no matter how shitty the day before was)
- Have a strategy that drives toward your vision (This may change over time, but you always need to have one otherwise you become lost in the middle of the ocean without a plan)
- NO FEAR when it comes to testing...the very definition of an entrepreneur to me is someone who is willing to try harder, fail faster/more often and learn from the setbacks to improve their chances going forward
- Be patiently impatient...in other words be impatient about your current state which drives constant improvement but be patient about how long it will take you to complete the journey...the very best entrepreneurs I know practice this religiously

Jeff

I think there are many reasons.

Lack of effort/not enough taking action
Bad direction
Giving up too early

These are just a few off the top of my head

Hi there
they want quick results and they give up. online business is a business that is rewarding but it needs patience and perseverence. Check the link i have attached for some ideas on successful affiliate marketing secrets. The product is selling for just under $10

The real reason seeing people give up early is because they need something that will give results faster because people are indebts and want some money,The problem is they do this online business hoping to make money fast but there is no results since they dont know how to send traffic the right way or even promote online

I think although online platform is a global decentralized platform it requires a lot knowledge, skills and proper training before entering into any area of work like internet marketing, forex trading, BPO, etc. so it is necessary that one should work in any area with a whole patience and hard work. For example as a forex trader I am working in the forex market since 2015 and I have entered here after a proper training and educations.

I think a lot of people fail online because they get so much information at one time they get confused. Instead of picking one way to success and sticking with it, they get to many irons in the fire so to speak. After a while they just throw up theirs hands and quit.

Only 1 reason and that is not focusing on one thing.

If you want to be successful you have to focus.

Learn new things about that topic, experiment and keep improving.

For making money online the most important thing to follow is to be smart thinking and your ideas should be creative.Nowadays for online business we must be updated in social media sites.For business purpose we mainly use social media.

I would agree that people don't wait or have patience to see for the things to work out in future...instant results are not possible...if you want a long and steady income through online..then you have to give at least 6 month to 1 year to build a successful website or bussiness for making money online...!!

Because they don't even understand the very basics of marketing and have no desire to put in the time and effort necessary to learn.

If you took all the actual successful marketers on this forum you would find that most have a background in marketing. They didn't start recently and they probably studied for a while before they ever made money.

I got my start as a fairly young child when I became fascinated with the classified ads section of "Outdoor Life" and "Fur-Fish-Game." I found it amazing that people (myself included) sent money to others through the mail and wanted to be one of the people receiving the money.

That was around 45 years ago.

When I moved my mail-order business online there was still a fairly steep learning curve, so people with no experience or knowledge of marketing who think they can jump right in are delusional.

Brent

A little learning is a dangerous think. Most of the people try to earn money with a little learning. Learn more & more. Patience need to be to earn on the online sector. After learning a small knowledge, they try to earn money. So most of the people fail to earn money in this sector. Thanks for your advance.

I think one big reason people fail is because everyone in IM thinks they have the right way. The new person receives so many different ways to success that they start on one and them they see something else that looks better so they change. Before long 6 months has passed and they are still jumping from one thing to another. After they lose so much money they quit.

I believe a person's vision, goals & willingness to learn are paramount. They will find a correct method eventually.

Simple- TAKE Action to GET Action- they just give up- there is NO overnight get rich scheme- NONE. You have to keep at it to make money. Simple. Rant Over.

It can be like you can say lack of knowledge or they might be going in the right direction. Before you go online, you have to find what you want to do and what the response? Either they are doing it in the right way? What I believe everything needs time to get stable you must have patience and keep your self-updated with day to day changes accordingly.

Because many people are only working really hard under pressure and supervision. And when you are working alone....really hard to work.

It's simple is because they want short cut to making it online.
To break it down:
1. Not wanting to put in the required investment (either time or money)
2. Following a wrong person (so called guru)
3. Not knowing the cost from the beginning, can cost you to get stuck in the middle.
4. Trying every thing/program/product that comes your way. Instead on staying focus on one and making money from it before branching.

The low barrier to entry.

People looking for shortcuts always fail. People who don't understand marketing, always feel. People with a poor work ethic also fail. Those who get stuck in a product, niche or role without having the ability to pivot, scale and move on also get stuck in a dead end.

#1 .Lack of guidance from people that already suceed.
#2. Full of so-called internet gurus claim to teach the 6 figure, email list
#3. No group for discussion.
#4. No friends opinion.
#5. Don't know what basic traffic/tools to use.

There could be lots of reasons. Below are some common pitfalls:

1. Failure to identify your niche market and failure to position your brand well
2. You are tempted to offer complex solutions (too many solutions)
3. Your clients are confused what do you really offer

Not necessarily.

Firstly, Information is not an easy sell.Not only do you need to be an entertaining writer, you also need to learn a boatload of technical processes in order to get and keep eyeballs on your offer.

How many failed authors are there in the world?

A novel may not sell but the author surly has a publisher and support team to share some of the work load.


I had a successful career in sales before i moved online. In a one on one selling environment it becomes second nature to size up the prospect quickly and decide whether to spend time with them or move on to next one.This ability saves you frustration and wasted time.

How do you do size up an anonymous website visitor when you don't have visual or verbal cues to work off of? You can't directly question them about their needs or ask a list subscriber why they don't open your emails.That why those of us that have been around the block more than once harp so much about market research,we know that you won't make sales unless you're offering exactly what the prospect is already looking for.

It's really illuminating (and amusing) that so many info marketers bemoan shiny object syndrome and then turn right around and use the lazy way to riches angle to sell their offer.Don't believe me, just head over to the wso section and tell me what you see....

The reality is that some people have natural talents and abilities or can learn the skill set's they need to succeed online in record time. Some can never learn enough, they just don't have it in them.

Secondly, supply and demand. It's not always easy to gauge demand. Sure you can search keyword volume, but that doesn't tell you anything about the prospects mindset, motivation or emotional heat, all things you need to know.

Being an info marketer is like playing the ponies, you must study the racing forms but in the end your really just acting on a hunch.

"Reason #1. It was because they do not stick with it long enough to see how things work. "
I agree with it.

People think it is easy and they listen to the gurus that say it is. Then they give up.

Yes people generally will not have patience till they get the result , the fear they get with some negative things in the process of being success will make them to take a back step. This will automatically make them drop and try to go into the secure job.
If you can stick and work fir it seriously you can definitively earn money online that is sure.

choosing a right platform is must in online business. there are chances that it can be fraud. for eg: i was working with earnhoney.com they paid me well inthe begining but now they are paying less..

people fail when they trying to make money online because they wanna take shortcuts by not wanting to learn the basics,firstly its not easy to make money online you must be patient and willing to learn from the best.

learning patient persistence is what you need to make money online.

Poor market research and delivery.

Those who are failing are not involved in one niche. They look for immediate results. Making money online won't happen in a day. It needs time and patience.

Interesting question! First of all reason is that people want everything and straight away. You must everything check before beginning

- they have no clue / a naive view on how the internet works.
- they don't know what a product is.
- they don't think of users as real, sometimes quite complex human beings.
- they listen to bad advise.
- they go for the hardest / most competitive niche.
- they have no patience and can't work on a project for longer if there are no immediate results.
- instead of being the one who's selling, they become the one who's buying "get rich on the internet" courses. don't listen to somebody who has no expertise in making money on the internet except for selling tutorials on how to make money on the internet.

POINT to yourself and create relationships ( very easy).

it's the same way that customers use to make $3K - $10K in few weeks

ahh there's many many many factors. There's so much to know when it comes to ecommerce which makes it difficult for any one person to pull off well. It's usually they're good at one thing, not good enough at all the things they need. So even a good idea will fail because the person doesn't know exactly how to pull it off online. As simply as building a site. If you're not a good webdesigner, or have one, then that could hurt you. Too many moving part. A person need to be proficient in all those moving parts. It's way too much for one person to know. It's like trying to be a doctor and surgen of the whole body. No one person can be. They can only specialize in one medical area. Same with online. All internet marketers have a general idea of things, but then usually are specialists on one or two things. Then there's several things there not very good at. So again, too many moving parts. It's too difficult for even people with many years of training, let alone the new guy.