While analyzing the reason for failure, I have found out the following 5 factors :
- People get into trap to easy money, lazy money and lazy marketing
- People easily believe in ‘no-work’ business scheme
- People don’t get right information at right time
- People don’t know how to strategize for online business
- People put all their eggs in a single basket
There might be some other factors as well, but I found these 5 factors play the most dominating role. Now, let me analyze about these 5 factors into more details.
People get into trap to easy money, lazy money and lazy marketing
This one is the most common among all. A majority of marketers take the advantage of this. They make the trap and people fall into the trap. This is not marketer’s fault.
At least, I believe in this way. They are doing their own business. But it is the mistake of those people who believe in easy money, lazy money and lazy marketing. Unfortunately, this does not exist.
If you are buying a ready-made business that makes you money, make it sure you can’t get it in only $47 or $97. You need to pay quite a lot. Yes, it is possible if you need to pay thousands dollars for a system that makes hundreds every month. All you need to maintain the system afterwards.
People easily believe in ‘no-work’ business scheme
Be honest and tell me, how many times you felt tempted when you find a sales-letter claiming absolutely no work, but turns into thousand dollars every day?
Many times, right?
Quite obviously, which can be more lucrative when you can earn in thousands every day, while not lifting your finger a bit?
Unfortunately, it doesn’t exist. As fast as you can understand the fact, the better it would be for you and you will lose less money.
People don’t get right information at right time
This is one of the most unfortunate incidents that happen for many newcomers and it just turns out so frequently that it makes them an ‘old newbie’. Yes, this is critically important to get the right information at right time. Don’t even start experimenting (read investing) unless you get single proper information at your hand.
People don’t know how to strategize for online business
This is another important point where most newcomers make serious mistake. Though resources and tools are much more easily available to setup an online business, which is not so common for a physical business, but that does not mean it lacks strategy.
Since the resources and tools can be easily setup, conversion can easily be made and also investment is much lesser, many people just start abruptly without really thinking of any solid business strategy. But to become successful and make money online, you need solid business strategy to work out. If you don’t have any, you are at risk.
People put all their eggs in a single basket
Internet is a vast place and you can even say, it is an infinite world. So people with finite mind may put themselves at risk. Be creative. Discover different ways of making money online and strategize ways to setup business.
There are so many possibilities. Why do you limit yourself to one? Maybe it is successful today, but internet is a dynamic space, so it may fail one day. What do you do then? Put your eggs in different baskets, and not in one.