What is the biggest reason people fail in IM?

AGREE!

They think it is quick money. But it is the same as building a bricks and mortar business. Even harder as people have less attention span online.

Good points.. Experience detected!
What do you think is most important, learning from the experience of others or having our own mistakes and failures?

Exellent list...may I make a product around this list?

its incredible that facts stare in our face and we cant see them..thanks for a great post

I think it's pretty obvious why most people don't succeed.

Most do a few hours work and then expect the money to roll in.

As has been said many times before - there is no magic button.

The only thing that works is hard work, time, patience... and hard work

A good piece of advice from our fellow Warrior here!

Oh wow.. there are so many ways that is almost impossible to list em all here.

The biggest of the biggest? People don't like to work. Very simple.

They expect somebody to do the hard work for them. They just want the money, they want to become millionaires without investing energies or IMPLEMENT the techniques and waiting for the right time to get the results. They give up too easily.

It comes from our society where nobody is willing to take responsibility for their actions. You are inclined to focus on mistakes, living in the past, ask yourself forever what and why something didnt work instead on focusing on what works.

Some people love to live in the past and dont want to take any action cause they are afraid of the consequences.

Another big one? MIND/MINDSET.

Lots of people struggle with mindset. More precisely the barriers that you create inside you. People make things harder than what they are, get stuck, overwhelmed, buying forever and NEVER take action.

Let me give you an example; you buy course after course and instead of taking action based on what you read and learn, you decide to put it apart and buy another different course and decide to study the way a different "guru" made his fortune. You repeat this again and again, and again. You get distracted forever. This is called the next shiny thing syndrome.

Here's how it works; lets say you are working on something right now like setting up a squeeze page, ok? Then you search the web and an idea captures your attention like "making money with cpa offers". You get "attracted" in a way that you get totally distracted from the bigger picture and go off in tangents instead of remaining focused on the goal. (setting up the squeeze page or whatever else).

So why it is so dangerous?

Because you always start something but get distracted and NEVER finish everything. Plus there's the risk that you can spend COUNTLESS hours and lots of money on that "new thing"(in this case making money with cpa offers) without even knowing if that thing is right for your business.

There is another thing that is very dangerous and leads to failure; the search of perfection that automatically brings to ENDLESS procrastination. Here's what happen, you wait for "the perfect moment" before starting your online business, but the reality is that there isn't a "perfect time" to launch it.

You just need to start something, focus on ONE THING at a time and MASTER it before starting something new.

As i mentioned previously your mind/mindset is the biggest reason why you are not making a killing online. You create your own mental barriers. You lack of confidence. You don't believe that you are able to make money online and come up with question after question that keeps you from starting an online business or making money online... forever. Questions like; "I'm nobody, why should people listen to me"? or.."i don't have any experience", "am i good enough"?, "why people should pay for my products"? "i was online for years and never made a cent, am not gonna make anything now" etc. etc. You get discouraged and frustrated everytime and seems impossible to get out from this vicious cycle.

You have to work on your subconscious cause you probably know what to do and what you want to achieve, but on a subconscious level you dont wanna get out of the "comfort zone". You have to beat your fears and start taking MASSIVE action.

Here's an example; you have taken the courses and read about ways to make money online. You understand what you need to do. Well, NOW, its time for you to BREAK through your confidence barrier and really start making money online focusing on one method only. You gonna make one mistake or two, this is totally normal. Successful people did exactly the same, but your big advantage is that they have given you a roadmap after they made the mistakes.

So learn their success and reproduce it. This is the key to succeed.

Do what the gurus do, not what they say.

Study the successful people cause they even tell you what mistakes to watch out for.

Your chance at success is much higher than theirs was when they first started out.

Another big problem is called "analysis paralysis". People get stuck with this mental barrier of not being able to make a decision. They overthing/over analyze something and get stuck and never take action.

This might be picking one guru's method over another. Or it might be trying to link the main parts of your online business together. Or it could be you have too much information to sift through.

As i mentioned there's perfectionism. The search of perfection that automatically brings to endless procrastination.

Perfection can be admirable, but in the long run, it is self-limiting and will bring you nowhere. How to defeat this? Start understanding that NOTHING can be perfect in this world.

Heres why this brings to endless procrastination:

1. Waiting until everything is perfect to get started.

Get over it immediately. There will never be a "perfect" time to start your online business. All you need is a few basics like an internet connection and a simple business idea. Once you start, you'll identify and prioritize what else is needed.

2. Keeping at it.

These are people that start working on a business idea but then stall because they don't think it's coming along perfectly.

It's not suppose to be perfect when you are in the middle of developing your business.

Just FOCUS on one thing and MASTER it. Your business will get better and better.

Set short term goals instead of only having a long term goal. Let's say your goal this week is writing three search engine optimized articles about an affiliate product you're promoting... or something along those lines.

3. Pull the trigger.

Stop waiting for your online business(or product) to be perfect before you launch it.

Your business will be evolving forever. Find a criterion other than perfection for launching the business. Instead of perfect, your business is ready to launch after you've completed all of the necessary components and proofread everything three times.

It wont be perfect but is gonna be good enough to start making money for you.

Plus, there are many many other factors involved;

1) Not knowing what you really want and not writing your goals on paper.
2) Not selling anything at all
3) Not having the right idea to sell to a market that wants it at an affordable price
4) They quit after the first failures cause they don't accept failure as a learning experience and not understanding that FAILURE is absolutely acceptable if you want to be successful. You just have to learn from your mistakes and take action as soon as you can.
5) Not understanding that you MUST experience failure in order to become successful
6) Not investing any money in traffic

...ok... my hands got tired... lol

That's actually a really good point from Richard Mortimer a couple of posts up and while I agree with virtually everyone in this thread I agree most strongly with Richard. I don't think there's too much more to add to the thread really as you've got a very detailed list of where the pitfalls are.

However I might flip the coin over and suggest the following things you should do at the very start to begin on the right foot (why? just in case you or anyone else reading this thread is in the same position, and possibly not having any success and not finding themselves focused enough perhaps without even realising it):

1. Identify your profitable niche : make sure your niche is something you're passionate about or have expertise in - i.e. if you didn't have to work what would make you launch out of bed every morning;
   
2. Research and choose a business model : this basically means how do you want to monetise your niche and how you want to deliver value to your customers;
   
3. Learn the basics of building a website : just like it says, it can only benefit you to have at least a rudimentary amount of knowledge in constructing a website even if you outsource the bulk of the work;
   
4. Create a marketing plan : you need marketing to get customers, and you need customers to generate revenue. Simple as that.

I've breezed through the list above and while they're only a sentence or two there's a mountain of work in each - you're absolutely at the right place to learn all of it though. Follow the path above however, importantly, at the same time keep in mind all of the pitfalls that the others in the thread have outlined so as to avoid them as best you can.

All the best!

I actually think I see more of the opposite problem. Give me a Gullible Pollyanna Guru Worshipper over a Bitter Complainy Everything Is A Scam I'm Super Smart Because I Never Do Anything Guy anyday.

Although both are problematic.I think both have a lack of inner confidence as a root problem.

"Why do people fail?" threads seem to be a weekly occurrence. The above post by JamesBorg is probably the most truthful answer you'll find in any of them.

I'd say - focus and mindset -
ADOPTING THE CORRECT MINDSET.
Did you know - the average millionaire failed 17 times before they struck it rich. Isn't that incredible?
Do you think they kept failing until they got lucky? No - they learned from their failures and adopted the correct mindset.
To achieve your goals and fulfill your potential – we need to make sure you have the correct mindset.

It's been proven that only 3% of people have this correct mindset.
3% of people - so the eminent minds of our day say - fulfill their potential.
3%. That's all. However 3% of the world's population is still over 200 million people.
Are you going to be one of these 200 million?
Woody Allen said "...the world is run by people who show up. When you talk to any successful person, they all say that in life, there are either results or excuses."
Which will be you - 6 months from now?