Online Business Ideas-Why Most Online Businesses Fail Miserably?

by admin on March 12, 2012

I just finished off a Red Bull and have now settled into my easy chair to share with you something very imporant to your business.

Are you considering starting an online business? If you or anyone you know are SICK of ….

– the job insecurities…
– the yelling boss….
– being underpaid and overworked….
– living paycheck to paycheck….
– not getting time off for the kids’ hide and seek….
– allowing your paycheck to determine the home
 – feeling like your dreams need to be put away…

Then you must consider starting an online business immediately. If you read my “about me” page in this blog, I’m sure you may know what I’m talking about. There are many Best online business ideas that you can try, but there are things to consider before you start your business. A good question to ask yourself as you prepare to start your business is why most online businesses fail miserably?

Do some research and find the answers to this question, then do not make those mistakes and you will be a step ahead of other entrepreneurs.  Always try to keep a positive attitude. What positive attitude means to you?

Baby mosquito came back after 1st time flying.
His dad asked him “How do you feel?”
He replied “It was wonderful, Everyone was clapping for me!”
Now that’s a Positive Attitude :).

Online Business Ideas-Sajan ElanthoorThis post will look at some of the reasons that cause online businesses to fail before they even get started. As Rich Schefren says “Most online business owners fail, not because they don’t work but they’re doing the wrong work”. Thank you Rich, you made me a visionary from an opportunist. (if you are planning to start an online business or you want to take your online business to the next level or you feel that you’re not reaching anywhere after all the hard work (I was there actually) you can watch one of Rich’s eye opening webinar for FREE here. I believe it’s still available.

1. Stick With one idea at a time

O.K let’s go on. The first thing you should understand is that when you choose one of the many online business ideas you have to stick with your idea. Simply evaluate one idea at a time and apply. There are many different business plans and ideas to choose from, but jumping from one to another will cause the failure of all of your businesses. Stick with one central idea, take action.. Do not allow anything to stop you.

Devote yourself wholeheartedly to one plan. You must have an idea about what you want from your business? Or what your business should look like or what’s the definite purpose of your business. You’ve to design your business first before starting anything. If you don’t have clarity about what you want to do with your business you will become wandering opportunists instead of a true entrepreneur. Starting and maintaining an online business will require perseverance on your part, perseverance will get you farther than intelligence.

2. Lack of Perseverance

Starting and maintaining an online business is tough, it takes time and dedication to become successful. Most people fail at their business because they quit without following through with their idea. It is not lack of intelligence that causes the failure of most online business, it is lack of perseverance. You need to know going in that you are in for an uphill battle.

As human being we are accustom to instant gratification in all things. Many people believe that when they start their business they should be at the top of the fortune 500 in less than a year. When this does not happen, they become discouraged and quit the business. You will not receive instant gratification when you start an online business, no matter which of the online business ideas you use, it takes time to build a business of any type, and that includes online businesses.

Still with me..? fine..

3. Must have realistic goals

Onlinebusinessgoals-onlinebusinessmaniaYou need to have realistic goals and understand that if you are breaking even in 6 months that is a victory. It could take a year or longer to realize a profit from your online business. When you start an online business, you need to adopt the mentality of someone that is dieting. When dieting it takes time to lose the weight, no matter how hard you work. The same applies to running an online business. Super success is just not going to happen overnight unless your product or service is something exceptional.

4 .Don’t fall in the get rich scams

Do not fall for the get rich quick books, videos, and schemes that all of us are bombarded with daily. The get rich quick scheme is for the person selling you their bill of goods, they get rich, and you get a program that may or may not work. Build your business the old fashion way, slowly, and steadily. Build a good customer base by running a good business that treats the customers as you would like to be treated.

This method will take more time but in the end, you will have a strong business that brings in a lot of money. You will find yourself taking pride in your business; your business will last longer, and make more money than a flash-in-the-pan business.

5. Make Sacrifice for your business

Get prepared to make sacrifices for your business. While your friends are out partying you will have to stay at home and work the business. In the beginning, you will need to spend a lot of your time nurturing and building your business and your customer base. Building a business is hard, the competition is fierce, and no one is going to hand you anything on a silver platter. Actually, you will find many people attempting to put you out of business in order to lessen the competition. These are just a few of the things to be aware of as you make the jump into running an online business.

“The starting point of all achievement is desire. Keep this constantly in mind. Weak desires bring weak results, just as a small fire makes a small amount of heat.”

Napoleon Hill
1883-1970, Author of Think and Grow Rich

Thank you for your time and if you really like the above post, please  leave a comment below, which ofcourse encourage me to post more valuable information.

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{ 8 comments… read them below or add one }

ali March 15, 2012 at 3:55 pm

Hi when we were student our success depend on first the student on second teacher the way of explain the knowldge many time some pupil succes and 80% fail ad in market alot of them not know step by stepand not chose the pricesly timeto enter and outer and more things mixture we called opportunity who could not operate the correct value thank you.

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admin March 15, 2012 at 9:13 pm

Thank you Ali for taking your time to reply to my post. Really it’ll encourage me to write more useful posts in the future.

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Jeremy Ruggles March 16, 2012 at 10:52 am

It is too easy to get wrapped up all of the wrong thing and to get overwhelmed with too many different ideas and ultimately give up or fail. I have done it before myself and am making some changes to work on specific projects.

Thanks for the great business tips.

Take Care,

~Jeremy

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admin March 16, 2012 at 4:58 pm

Absolutely Jeremy, doing too many things at a time was my major problem in the beginning along with information overload. Thank you very much for taking time to comment on my post. Wish you all the very best for your online career.

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Amar May 31, 2012 at 8:30 pm

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Diana March 17, 2012 at 10:24 pm

Hi and thanks so much for all the wonderful advice that I have read from you. I am new and trying to get started. i do agree with Jeremy that is so much crap and there and my very least favorite are the ones that promise the world and then you join only to be up sold before you can ever plan to make a dime with the system. I am in the progress of narrowing down exacaty my plan of action and what steps I need to complete to get started.

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admin March 17, 2012 at 10:49 pm

Hey Diana, I’m really thankful for your time and I’ll assure you of my willingness to provide my readers only the best ideas and suggestions. I wish you all the very best to your online career and please feel free to contact me if you need any assistance or suggestions.

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Marin Mitkowski June 26, 2012 at 11:36 pm

My brother recommended I would possibly like this blog. He used to be entirely right. This post truly made my day. You cann’t imagine simply how much time I had spent for this information! Thank you!

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