Over the years in Network Marketing and Internet Marketing I have seen many business to go on and become very successful. I have also seen some well minded people fail. As I look into why these people fail in their business, there were many reasons. To narrow these down, here are the top 10 Reasons Why People Fail At Internet Marketing.
Any Business Can Be Successful If you Know How
Any business, the Mom and Pop store, Franchises, Fortune 500 Companies, MLM Companies and Home Based Business will have times of struggles and their “Up’s and Down’s.” It happens everyday. A successful company, your’s include must understand and plan for these changes. The reason why any business fail is very simple, and be avoided if you concur the 10 Reasons.
A Very Profitable Business
Internet marketing is one of the fastest-growing and profitable businesses today. It’s an excellent way for anyone to start a small business with little investment, no overhead, and high profit margins. Anyone can get up and running with an online business in hours. Sounds like an easy way to make money, right? Compared to other offline small business ventures, it is.
Yet internet marketing failures still outnumber those who have succeeded in this very powerful way to make money on the Internet. For every story you hear of someone making $10,000 a month at internet marketing there are hundreds of untold stories of those who failed to make a profit or only made a few dollars and then quit. Why do so many fail when the potential to succeed is high?
I’m often shocked when I here that many people fail in their home business by blaming their up-line or the business opportunity. In my opinion, “Entrepreneur’s never fail they simply LEARN.”
Shocked…
10 Reasons Why People Fail At Internet Marketing.
1. Failure to plan No matter what type of business you are running you need a business plan with well-defined goals. What are your short-term and long-term goals? What steps do you need to take to meet those goals? Write out your plan and review it frequently. You are running a small business. Treat it as one.
2. Failure to work the plan So you already have a business plan? Are the following it? A plan means nothing if you dont follow it. Work the plan every single day. Revise it if necessary but dont detract from it.
3. Making goals too big. Many internet marketing failures try to do too much too fast. You are not going to create the ultimate web site for dog lovers overnight. Start small with dog training tips and add content daily. Those 1,000+ page web sites took months or years to build, so will yours.
4. Lack of knowledge Would you be a successful plumber without knowing anything about plumbing? No. Then to be a successful internet marketer you need to learn internet marketing. Find a successful mentor willing to help you and you will be way ahead of the crowd.
5. Not investing in your business You wont get any support or very much web traffic on with a free web host. Many times, the best ebooks, scripts, and tools are the ones that cost money. You can run an online business for next to nothing but youll achieve faster and more profitable results by investing in the right tools.
6. “If I build it, they will come” You can have the most comprehensive and informative website on natural healing in the world but if you dont promote your site and work to drive traffic to it no one will know about it. There are many ways to drive traffic to your website. You should be using several of them.
7. Lack of patience You will not be making $10,000 a month when you start. Internet marketing is not a get rich quick scheme. It takes time and testing to build your web traffic and increase your conversion rate. In the beginning you might actually lose money and this is when too many people give up without giving their business time to grow.
8. Wrong niche So you wrote that ebook on underwater basket weaving and youre wondering why nobody is buying it? Find a niche but make sure its profitable first. Too many times people create the product first then try to figure out how to sell it. Find out what the people want then give or sell it to them.
9. No Uniqueness There are a million low carb diet books out there, what makes yours so unique? Why should I buy your widget when Bobs widgets are just as good and hes been selling widgets a lot longer than you? Stand out from the crowd and get noticed. Know your competition and do what they do better or do something totally different.
10. Lack of commitment To be successful, you must be committed to success. Behind every success story there are many hours of work and dedication. Youll need drive and determination if you want to be the next internet success story everyone is talking about.
Print out these ten reasons for failure and post it next to your computer monitor or tape them to your bathroom mirror.
Everyday review your online business and make sure you are not making any of these mistakes. Do this and you are well on your way to being an internet marketing success.
Now let’s go back to review the…
10 Reason Why People Fail At Internet Marketing and see if we can help…Okay?
1. Failure to plan. Our coaches will force you to plan. In fact we have a template for you to outline your plan.
2. Failure to work the plan. Again, our coaches will help you work your plan with a proven step-by-step outline.
3. Making goals too big. One of the problems with Network Marketers and marketing on the Internet are goals that are unreachable for the new marketer. In setting goals our template will start with easy goals. As you progress, you simply move your goals to a higher level.
4. Lack of knowledge. When I started my Network Marketing career, I didn’t have a clue as to where to start or how. We can help you with understanding how and when. How to get the knowledge and when to apply.
5. Not investing in your business. This is by far the biggest mistake I see in Network Marketers and Home Based Business Owners make. Any business requires “Investing” some money to get it started. Investing money in training and coaching will bring results faster than going it for free. Books will bring results faster than free. Having a mentor will bring results faster than free. In fact, FREE is your most expensive investment.
6. “If I build it, they will come” In the movie that line was a great success and powerful comment. In real life of the Internet Marketer that is a fatal flaw. You need the help and coaching in building your Blog, Website and how to drive traffic.
7. Lack of patience. I’m not a good mentor here. I lack patience. In fact if I go to a restaurant and have to wait for more than 10 minutes, I walk away. If I go to an amusement park and have to wail in line I move on. But one thing I did learn is that building a growing Network Marketing business and an Internet Marketing business was to have patience. Again, we have a 10-Day FREE training program to help you get a good start.
8. Wrong niche. Can’t help you here. You have to do your research to find a niche you like and one that is stable or growing. By using Google, you can find a wealth of good information.
9. No Uniqueness. How do you become unique? You do it by establishing “BRAND” or “Who You Are” and “What You Stand For.” By building a Brand you will soon become sough out for what you stand for. Again, our training will guild you in establishing your BRAND.
10. Lack of commitment. By far this is the second biggest mistake. I see too many people get into Network Marketing and/or Internet Marketing and not committing their time and effort. When I get someone started, I will tell them that they have to give me 1 Year of undivided attention. After 1 Year I will and they will know how committed they were to building a successful Home Based Business.
Your business will become very successful if you take these 10 Reasons and “Turn each and everyone around.”
Here’s to your success and your Internet Marketing Business,
PS: Concur the 10 Reasons Why People Fail At Internet Marketing by first going through a 10-Day Online Recruiting Bootcamp by my good friend and mentor Ferny. This is 10-Days of pure gold and it is FREE. If your in Network Marketing, MLM, Home Based Business and Internet Marketing this is a MUST HAVE!. Agin, it is FREE for just for you. Click on the banner below and get your very own 10-Day Online Recruiting Bootcamp.
