I bet the % of failing is close to the % of failing in starting an offline business. Not everyone is cut out to do this.

You have to accept the fact that it is not going to happen overnight. You are not going to get anything done by sitting around buying and reading eBooks and courses. The worst problem for people starting out is the "doing" part.

IM, just like any other business, is hard work. But, if you stick with it, it can pay off.

IM is just like th usual brick & mortar business. Unfortunately people are made to think otherwise.

I see myself making this a large business empire over time.

Dennis

I read somewhere that about 1% of people that try IM actually succeed.
Sounds depressing.

The thing is that most people are lured into it with false promises of "0 effort needed".
As others already pointed out this is complete BS.

IM means you not only can work whenever and wherever you want but you actually should work everywhere and all the time (at least in the beginning)

Traditional offline businesses have large overheads, carry stock, etc... A bit like pushing your car uphill, and typically an offline business is given two years to gain some momentum when profits begin to offset the initial capital investment.

The principle of online marketing to offline apart from the methods, is the leverage that can be produced and rapid development of a well positioned and run fledgling business.

The issue with many online 'marketers' is they think that the $37 courses contain a magic wand, rather than adopting any real tenacity and effort it takes to succeed in both on and offline businesses.

John

Any entrepreneurial activity will by definition have a extremely high failure rate. That's because most are either poorly prepared, or not seriously committed to the project.

IM looks easy to enter(and it is) but turns out to be hard to succeed at partly for the same reason: There are almost no barriers to entry.
_____
Bruce

Try to stick with selling only 1 thing instead of 100 different things on 100 sites.... Build 1 and concentrate on that one untill it makes you money. then move on to a new product and do the same.
Remember 1 site can make just as much as 100 sites can.

I suspect IM is a much higher failure rate because their is no or very little barrier to entry and it attracts more people who are not in the right mindset. The other reason is because their is not much investment in capital or money many people say what the heck I have been slaving away at this for 3-4 weeks and have not seen a dime so their is really no reason for commitment.

I think the guru's will agree on this, that there are ONLY, AND ONLY 2 things that differentiate the IM people who earn, and the IM people who burn:

1) Focusing on 1 thing/project at a time.
2) Organizing your daily tasks and actually doing them.

Regards,
Amod

The interesting thing with most Internet business models is that it takes a tremendous amount of effort upfront. Lots of days and weeks of putting in the sweat equity with very little to show for. However, the beauty of it all is that with proper planning and execution, you see the rewards for years to come.

The problem is that most people operate with the mentality of, I did x today, so now I expect y today.....Doesn't work like that! (Unless you're freelancing which is good as well)... If you can transcend the conventional thinking and just put your blinders on and work on a PROVEN model, you will do well. Just take action while having patience....Good things truly come to those who wait....AND HUSTLE!

This is an interesting topic but I think it has a really simple answer. Anyone can succeed at IM but most fail. Well, with brick and mortar businesses most fail too. The fact is that starting any business is hard.

Here's the thing, most businesses fail but not necessarily all business owners fail permanently. Ask any business owner and I'll bet that they tell you they have failed more than they have succeed. Just because they are successful now doesn't mean they have not failed in the past.

So don't let your failures get you down, just try again. Even the pros have sites that are failures, some of them have many. But they get rid of the failures and keep the successes. And here's the trick they keep at it. Most internet marketers who fail fail for this one simple reason, they give up.

I tried and failed for over a year before I started making any worthwhile amount of money. Maybe its because I am not the best IMer, or maybe I picked bad niches, but I am still here and starting to get somewhere.

If you stick with it you can't fail....forever

Its the same as anything, only a small % stick at it and learn how to actually do it.

The difference with IM is that the "entry cost" is minimal, thus there are many people just trying it out for a few weeks/months to see if they can make an easy buck. Therefore, many of those people never truly give it a real try or put in a real effort. People dont realize that IM is, at its core, an actual business like any other.

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I've made thousands of dollars writing for people online. thats sort of like my own business

It's really very different when you look at the offline world.

Offline, someone generally has do something before they start saying they've started a business. Like get a licence and file for a tax ID and choose a business structure.

Online, someone just says "I've started a business" when they haven't done squat.

So the stats for people online who fail are a lot higher, not because it's harder to start an online business, but because people say they've started one when they haven't done anything. Then they continue doing nothing, and nothing happens (which is generally what you can expect from doing nothing), and they claim that their business is somehow failing.

But there's no actual business to fail in the first place. They claim the business failed, when the reality is that they never really started one. They just woke up one morning and arbitrarily decided their fictional business was in some condition or other.