“The top 10 reasons people fail with an online business”
According to many sources, more than 90% (Ninety percent) of all Internet business
start-ups end in failure within the first 120 (one hundred twenty) days
Fear of failure – This is a big one because most people who have this fear in them, don’t realize it. If you need help with this, there are a few books on Amazon that can help and are very reasonably priced. One cheep but good eBook is “Fear Of Failure” There is also a book called “Making Friends with Fear“. Its an entrepreneur’s guide to overcoming Fear of Failure.
Trying to solve an unimportant problem – Is there a need or interest online for the business your going to build? Paul Graham said: “By far the most common mistake startups make is to solve a problem nobody has.” Paul Graham is an English born computer scientist, entrepreneur, venture capitalist, author, and blogger
Not being different enough – There is a lot of competition online, what is going to make your site different? Instead of simply trying to be better, you need to be different. In almost every market, customers have options to choose from. With all the competition your business will have, you have to give your potential customers a reason to choose your offering over another.
Starting out with unobtainable expectations – Starting an online business is not going to happen overnight. These are hard truths that people rarely talk about. Overnight successes don’t exist. Building a successful business is a massive undertaking. Its not going to happen in a day, week or even a month.
Going it alone – You need support, you need guidance, you need another set of eyes. Most importantly, you need support from other entrepreneurs who are at similar stages as you are, and from others with more experience. I quit many times in the past, but I got involved with a community of like minded entrepreneur’s that help each other every day, every minute and we help each other succeed. [ Check it out]
Not caring about the Niche you chose – If you choose a niche your not ecstatic about, your content will show it. Don’t make things impossible by choosing something you don’t care about. If you love your topic, stamina won’t be an issue. If you love your idea, creativity will flow, and online business will be easier to build.
Not listening to your visitors (customers) – The customer is “always right” they say. You need to be engaging with them. Without customers you don’t have a business. Listen to them when they leave you comments. If there asking for more information, don’t just answer them, add it to your site so others will not have to ask.
Spending too much time thinking, not enough doing – Thinking about your business but not taking action, will lead to failure. If your thinking is 20% or more as it relates to taking action (doing), start doing more. You can think all you want, but if you don’t act, you’ll get nowhere.
Uninteresting content – Content is King online. It has to be of interest to your target customer or they’ll be gone in a click. If I start reading through a website on the subject I want to know about, it has to keep my attention. If it doesn’t I am gone.
Not starting at all – Having a good idea and business plan only goes so far. You need to take action. You must know one of these people that talk and talk about doing something, and never does it. Don’t be afraid to make mistakes, no one is perfect. Just dive in, get started and find a community to support you… because you are not alone. [ Community ]
A few major things to understand are, building a successful online business is not going to happen overnight. It takes time, patience and determination. 90-120 days of building a website without seeing any activity is common place in the online business world.
You need to have a passion with your niche you choose. Your going to be writing a lot of content about your niche, one thing you don’t want is to get bored with it. Choose a niche you love and have some knowledge of.
If your going to need training and help with building your new site, I can only recommend one place and that is the site below, wealthy affiliate. There you can get all the training you would need and a live chat with thousands of the community members to ask anything you need answered.
Make sure you have all the right tools. A good keyword search platform is worth its weight in gold. Keywords are used with every part of your sites development. Domain names, page titles and your content. You can access the best free keyword tool here.
Now that your done reading this its time to get started!!
All my best to your success.
PS: Please leave a message if you have a minute…Thanks