Thread: Why it can be so not easy to succeed with an online business

Only a few people succeed in making a living running an online business. The failure rate of new Internet marketers is very high. What are the main reasons for this?

The main reason, may not look so nice, but... it is mostly because you don't network with the right people.

SO just cut on the time wasters.

I think, if any one want to start online business, need to learn success online story.

It's very tough. The competition is extended to the entire world. In local business, you only compete with a few.

Originally Posted by zsikder1

Only a few people succeed in making a living running an online business. The failure rate of new Internet marketers is very high. What are the main reasons for this?

The reason it's not easy is because, simply put, "It's NOT"! ..... A Huge portion of the people that try to start an online business do it after reading an article with testimonials about a system / program / affiliation / product / service / etc... that claims it was an easy way to get rich and make fast cash.

That's furthest from the truth. The reality of online businesses is that new start-ups can sometimes take 1 to 2 years before they can make enough to support them self, let alone their whole family and that's with lots of work and dedication. Each person has a dream of becoming rich by marketing someone elses products / services / programs and sadly not many people last more than a few months before checking another get rich quick scheme to see if it's any better. And quite frankly, that's all most of them are (Get rich quick schemes / mlm's / pyramids).

The biggest reason people fail at new online businesses is because they have no clue about the product / service they are trying to sell. Just like in the real world, the best salesmen have product / service knowledge & most have actually used what they are selling.

A tip would be to avoid trying to sell things you haven't used yourself. It's just 10 times easier to pitch your service / product to a potential customer when you really have genuine knowledge about it (Speaking with Passion). Otherwise, you just end up reading something from a pre-written sales script and the potential buyer is scared off due to how obvious your desperation & robot like rebuttals are.

Ya, I know, Actually having to take the time to learn, study, & use a product / service in order to fully understand it & make it easier to sell seems like to much work. If you don't like work, starting your own online business is not right for you anyways & you should probably apply for a job at a local business down the street from you rather than trying to work for yourself.

I wish you the best of luck

Hi drifter73,

I don't know who your are or where you came from but it is sure nice that you are here.

After reading you posts it is hard to add anything extra for you seem to cover so much.

Thanks

Sami

Because it needs lots of hard work,deep knowledge and above all patience.

What I see in online business is many people just take off on a whelm, open a shop, page, etc...have no idea what they are doing and then wonder why it failed. One really good tip for starting your own business whether it be online or offline is to KNOW your product 100% or know what you are doing if you are rendering a service to people. If you do not know anything about your product or what you are doing, you are likely to fail miserably.

Originally Posted by hostjunkies

It's very tough. The competition is extended to the entire world. In local business, you only compete with a few.

In the entire global world of online business competition is increasing day by day, and the process is getting complex, which leads to failure.

Many reasons:-

- They don't spend enough time working on the business
- They keep taking the wrong path
- They may b good at one thing, but not all things like web designing, advertising, moneitzing, etc.
- Lack of money.
- Lack of knowledge.