95% Chances of Failure in Online Business, Why?

8 replies
Every day, more and more people look for a way out of the daily grind and find a better source of income. Working at home and setting up an online business definitely fits the bill. That is why a lot of people have made the switch with hopes of making it big someday.

On the other hand, there is a ninety percent chance of failure in online businesses. Unrealistic expectations play a huge part for this figure. A lot of people start out with little to no preparation at all. Most of them seem to concentrate only on the rewards without thinking about the responsibilities that go with it.
#95% #business #chances #failure #online
  • Profile picture of the author John Romaine
    Theres such a high failure rate because its not easy, however its often promoted as being so.

    The 5% that do make it, understand that making money online consists of a number of individual processes that combined, work towards generating income.

    1. Market research
    2. Keyword research
    3. Product viability
    4. Pricing
    5. Driving traffic/SEO
    6. Copywriting
    7. Customer relations
    8. Split testing/performance monitoring
    9. List building

    ...and so on and so on.

    The other 95% think that generating money online consists of

    1. Picking a niche.
    2. Building a website
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  • Profile picture of the author BloggingPro
    Well it is said that 66% of people who use a statistic are trying to fool you.

    Entrepreneur Mindset – Unrealistic Expectations – Myths about the Internet « Internet Business – How To?

    Looks like the person who wrote that article back in June had the same idea.
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    You're going to fail. If you're afraid of failure then you do not belong in the Internet Marketing Business. Period.
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  • Profile picture of the author jeremysteam
    the industry "SEEMS" to be easy, working from home on your laptop or computer, Heck that doesn't sound as hard as cleaning toilets or building a house... But when you get into this industry you realize there is a lot to learn and a lot of work to get your business up and running!

    Those who get in here and fail only fail because its harder than they thought. They want a lottery ticket they don't want to learn how to do it!
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  • Profile picture of the author satrap
    I personally think most people fail because they don't take any action. They read and learn about any online money making methods as they can, but they fail to implement any of them.

    I should know, I was once one of those people. Picking one method, getting excited about it, reading and researching about it no stop for day. Then working on it a for few days. and of course since there were no results for a few days of work, I thought, "well, this method doesn't work, its juts another BS". So I would move on to another and another method.

    I kept doing this for a while. Jumping from one method to another. Needles to say, i didn't make a dime. That changed when I started my first real blog and I kept at it, I worked hard, I committed myself and applied what I learned and eventually I was able to make real money, enough to pay my bills and then some!

    So, yes, from personal experience, I would say, lots of people fail, because they dont implement what they learn. They think because its the internet, its easy and quick to make money. Sadly, thats far from the truth. Making money online is just as hard as making it offline in the real world, if not harder.

    And just like in our offline world, in order to make money online, you have to DO SOMETHING!
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  • Profile picture of the author 3000
    People fail because...
    1. They don't take action they buy WSO after WSO but they never actually put the information into use.

    2. They give up after one or two failed campaigns failing is perfectly fine in business just as long as you learn from it and keep going.

    3. The biggest one is they fail to realise working online is still a business as such you need to treat it like a business. You need to work hard to grow the business then you can enjoy the fruits of your labor.
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  • Profile picture of the author supershoesclub
    95% peole only treat online business in a easy way. When they found some people really earn a lot of money on some niche.So they follow the ideas. But when they really do it. they found it is not easy any more to catch up with the one who win the first gold.when people found some business is profitable. It means it is down and down in future.That is why most of them would give up to make good effort to promote it.even they never know how to manage a better business.

    Niche doesn't money ,only skill is the most important to earn money.
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  • Profile picture of the author Ronno99
    98% of people are lazy. Stop reading this tripe and get to work.
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  • Profile picture of the author petelta
    Here's the thing... everyone fails... and successful people have failed a ton more than unsuccessful people. The only difference is the successful people build upon each failure and use it as a learning tool....

    Like ramone_johnny said above, it's about learning a system. You may fail at each step of the process along the way, but as long as you improve each time it's hard not to make it...

    1. Market research... fail.... learn how it's done.
    2. Keyword research...fail... learn
    3. Product viability...fail...learn
    4. Pricing....fail...learn
    5. Driving traffic/SEO...fail...learn

    ....you get the point.
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