Top 10 Reasons Online Business Fail and What to Do About It!

We need to begin by saying that internet marketing, as with any business aspect needs proper preparation, a systematic approach to what needs to be done, and the right mental attitude.

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These are a must whether you are marketing your own products or as an Affiliate Marketer or even promoting a MLM company. They all will make a significant difference to the outcome of your success…

So to that end it’s very vital to know and understand the top 10 reasons online businesses fail and what to do about it. With no further delay here they are!!!

Number 1. Lack of Knowledge.Lack of Knowledge

I can not be more emphatic in stating that Knowledge Is Power and if you want to make it online you must learn all you can.

Most people starting an online business do not have any idea where to start or what to do first and in the area of MLM what business or team to hook up with, or where to get help when you run into a roadblock. They just don’t know where to get the information and help they need.

Remember what I said Knowledge Is Power. If, you want to be successful online you must learn all you can and put what you’ve learned into action… You must use your newly learned knowledge. Everyone can learn if they really want to. You just need to have the desire and will to do so…

Keep in mind that you will be always learning. There are always people out there that can teach you what you need to know and many are willing to do so… And I don’t mean the so called self professed Gurus that are only after your money promising you one pie in the sky and get rich scheme after another.

You must take action on what you know and put your knowledge to use, and if you stay focused and persistent and learn all you can you will be able accomplish anything… Just remember, give it all you have and work for what you want and Never Never Never Give Up!!!

Number 2. Lack of Taking Actions.Results in Failure

As, I pointed out above you must take ACTION. You can not stay in the learning mode and just keep learning and learning and not take any actions at all. Only by taking action can you get the results you are trying to achieve… So taking as many actions as you can is the most common reason between success and failure, period!!!

Number 3. Giving Up Before You Get Going!

This happens to many people all the time. They go online with great hopes of making money and even thoughts of getting rich…Giving Up

They subscribe to one scheme after another hoping this one is going to make them rich. But soon another comes along and they go right on and join it…

They keep doing this for a while, but they get very frustrated and give up thinking it is impossible for them to make any money online.

This is not what I meant when I said you need to take action…
This is one of the main reasons that most people lack the persistence needed to have the ability to hang in there when the going gets tough. If, you lack persistence, you will have a hard time being successful online!

And always remember, when I say PERSISTANCE that does not, let me repeat, that does not mean jumping from one opportunity to another… What it means is to hang in there and do what it takes to become successful in the program that you are in. Just make sure that you are working in an area that you have a genuine interest in, or you will get bored out of your mind and your chances of success is lessened!!!

Number 4. Not Planning; Planning Is Essential To Your Success. Planning Is Essential

You may ask yourself why do I need a plan. Well a plan is like a road map and you need a strategy on how you are going to reach your target, and of course you must stay focused and follow that road map all the way to your target, whatever it may be.

The simplicity of it is, if you do not have a plan (your road map) you will never reach your target goal…

Number 5. Not setting Goals; Goal Setting Is A Must.Goal Setting Is A Must

Everyone starting out or trying to achieve success online must set Goals. Start out with short term goals. Write down where you want to be one month, two months, and three months from one point to the next. And don’t stop there; write out where you want to be 1 year 2 years, even 3 years into your online marketing venture…

You must be persistent in achieving each of these goals until you have reached the pinochle of your success…

Number 6. Lack of Commitment.

So this brings us to commitment. Yes I know that’s a tough one. But it is a must. It is just like persistence…

You can not become successful if you’re not committed to your Goals and to your Plan. Remember that Lack of Commitmentroad map to your target, well that target is your success. If, you want to be successful in your online marketing business you must follow your road map each and every day. That’s a must…

Because if you give up on your map to your target (your success) your lack of commitment will be your failure…

Number 7. Lack of Having an Open Mind.Open Mind

You must remember that technology and marketing online has changed dramatically over the last five to ten years. You need to continue learning and learn from those that know more than you. And remember that it doesn’t matter how young or old you are or where you are on the social ladder. Also, it doesn’t matter whether the person you are learning from is very young, or old, Knowledge is knowledge, and some very young have mastered the online world.

You see the way we do our online business is changing dramatically. In so many cases it has become easier than it has ever been. But you need to seek out and learn all the new methods. Online Marketers need to set aside some time each day to study and learn these new methods to success. And if you do this you will be an Online Success…

Number 8. Lack of Moving On .

Many Online Marketers especially beginners stay in the learning stage much too long without taking action on what they have learned so far. (I know this from experience because this happened to me until a friend said “just do something, you’re the only one that knows if it is what you wanted to do or not”. You see only by taking action can you get results. Not taking action is probably why most Online Marketers fail rather than succeeding with their online business…

Number 9. Lack of Fresh Content.Keep Content Current

Don’t fall into the trap of letting your Website become stale or not exciting. Try to spruce it up in some way at least once a week or two. It doesn’t have to be a major make over, maybe just add a new picture or a new article or maybe add some color to it. Even your regular visitors will get tired of seeing the same O same O all the time…

Number 10. Lack of Reinvesting in Your Online Business. Investing In Your Business

You must invest some of your profits back into your business whether it be learning new methods, strategies or in promoting your business. If, you don’t your business will grow very slowly or may eventually fail.

I am not going to try to tell you how much, that will be up to you to decide. I will say that if you are just starting out 10% of your gross would help your business grow faster. But that is something that you must decide on…

~A Finale Note~

It is important to understand that having an Internet or Marketing business is one of the fastest growing methods of making money today…

But as you can see by my article it may not be for everyone!!!

To be successful Online you must have the right attitude, be persistent and patient. You must spend at least one hour each day studying and learning how two’s and implementing them. You will need to work at your business at least two to three hours each day. If, you can do this. It is for you…

You will have to be persistent and consistent in following your road map to success. It is vitally important that you stay focused on one thing at a time until you have mastered it before going on to the next. Don’t try to do many things at once skipping from one to another.

Remember your business is like your life. It will not run smoothly all the time, but if you stay focused and are persistent it will run smoothly most of the time and you will be a Great Success

Here are a few more things to help give your online presence a boost!Boost Your Business

  • Make sure you collect the names of your visitors and follow up with them. You will need an Auto Responder for this. But it is worth the small investment it requires. One I recommend is AWeber. I wrote a review on AWeber and its benefits. You can check it out by clicking here.
  • Don’t be afraid to make a mistake, we’ve all made mistakes, just make sure you learn from them and go forward.
  • Try joining forums and offer your help to people, helping others always pays off in the long run.
  • Follow the steps of someone who is already successful online. Someone I recommend is Kyle and Carson the creators of Wealthy Affiliate (WA). It is the platform that I use. Please check out a review that I wrote about it by clicking here.
  • Do joint ventures with other marketers to grow your business, but don’t spam the sites, boards or blogs.
  • Try working online as an Affiliate Marketer. Most Affiliate Programs have great training programs and tips on how to market their products.

That’s it. Were done.

I thank you for taking the time out of your busy schedule to read this post, and that it has helped you to better understand the Top 10 Reasons Online Business Fail and What to Do About It!

If, you felt that it had value, please share it with others that you feel will benefit from it.

To your success,

Frank

Wealthy Affiliate

PS: Feel free to leave any comments you have below It is greatly appreciated.