Why do online businesses fail

 

Why do online businesses Fail?

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. And that number is all too accurate: NINETY PERCENT!

The idea of working from home is so inviting and seems like a solution for a lot of people. So why do online businesses fail? Many of these people will just quit their jobs and jump into the first internet business they find.

But they do no planning, do no research or studding. They have no knowledge of what their getting into, no preparation and therefor no hope of success.

Failure is their only path and they are unaware of it.  

This alarming failure rate happens for a number of reasons:

1. Many don’t know the statistical probabilities they face. With over 20 million online businesses, they don’t understand what they would need to do to be successful.

 2. Many don’t even think of failure as a possibility. All they see is an online scam saying they could make thousands a month with 2 hours of work a day. In their mind they see themselves on a beach working 2 hours from a laptop. 

3. Many are talked into things they are unprepared for. Once they realize the amount of work that is needed and the time and patience you need, they give up or frantically jump at another unrealistic opportunity. 

4. Many don’t have the basic knowledge of building an online business. They join a company that has no training and no support. They are doing it all by themselves with no real knowledge of what they are doing. 

5. Some think that an internet business runs on auto-pilot. They feel they can buy a domain, build a website and then push some magic button and send millions of visitors to their site. Nothing could be further from the truth. 

So what can you do?

Success is still a possibility. There is still that other 10% who understand that online business is not a get rich quick scheme. They know that riches will not come overnight and that there is a learning curve.

Success happens for them because they took the time to learn about internet marketing and how it works. They put those principals to use step by step as they learned. 

They get the training they need and know its going to take time and patience to achieve a successful online business.

You can achieve success if you follow a plan and have patience. If you follow the steps I have outlined on my site, you will be well on your way.

Don’t go laying out money for some “sounds to good to be true” scheme, because most of them are. Don’t sign into a program that offers no support and no training.

Before you spend a dime, try building your online business for free. You can sign up for free, and get 2 free websites to build your website around.

Your steps to success:

Start with a business plan. [Read More]
You must focus on your niche. [Read More]
You need a business name and understand how to research it. [Read More]
Understand keywords and how to search them. [Read More]
Realize the importance of page titles. [Read More]
Understand content and its importance for the SEO’s. [Read More]
Links you’ll have on your site and where to use them. [Read More]
Last minute details before your ready for business. [Read More]

At the site above, you will get training. There is live chat running 24/7 with some of the over 850,000 members. Classrooms, live video training, support 24/7. Take a look below of the two types of training available for all free members. 

First there is Affiliate training: Click on it and
see what you get for free.

Next there is Entrepreneur Certification training, for free

This is not just another web hosting site. Its a university of like minded Entrepreneur’s all helping each other to succeed.

Where else can you try something for free with no obligation to buy anything? Take a look, read what some of the members are saying and see what you would be getting.

All my best to your success,

Doug

PS: Please leave a message if you have a minute….Thanks

2 Comments

  1. Ben

    Doug, was thinking of starting an online business but this failure rate scares me a bit. What do you think is the number 1 thing that I can focus on that would increase my chances?

    Reply
    1. Douglas Schmitz (Post author)

      Ben, There is not just one thing but if I had to tell you what you need to have a good grip on is its going to take time, patience and determination.
      Building a website does not happen overnight, next week or next month. You could work on your site for 3-6 months and not see any activity.
      But if you keep at it, you will be successful. That working with no results can be very discouraging, but you have to keep going and success will come.
      I believe the failure rate is so high because people don’t understand that before starting.
      Keep focused on your niche and your Why. Why do you want to start an online business? Post your why by your work place so when you get discouraged, take a good look at your why and get back to work. All my best to your success, Doug

      Reply

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