Why do so many internet businesses fail?

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8.6K followers

Depends on who you ask.

  • To the quick buck artist, none do!
  • If you have failed yourself, everyone fails!
  • Trying to get people to sign up for your shiny object? Up to 90%!
  • Why?

That's the $64 question... why? Let's try to find some answers:

Is there a secret formula?
  • The short answer... NO! The long answer... NO!
  • So what is the answer?
  1. Unrealistic expectations.Been told it is easy money... build a website and they'll come!
  2. Lack of commitment.Ready to quit after the first couple lessons.
  3. Not enough funds... ANY business requires SOME money... no way around it.
  4. Unwillingness to spend the time... instant gratification... ain't gonna happen!
  5. "We'll do the work for you." Sure... you got the money honey, we got the time!

Don't try to reinvent the wheel... make a better one!

I love a quote from Tara Gentile:

"People don't buy because what you do is awesome. People buy because it makes them feel awesome."

Never forget that... it's not about you... it's about the person you're selling to.

Are you prepared to put in the time? Do you have the money (doesn't take a lot, but it does take some)? Will you be prepared to wait for the money to come, or will you quit after the first month?

Important questions to ask yourself. Will your bones bleach in the desert of failures?

You've found the right place at WA... don't blow it!

Joe

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Recent Comments

29

Thank you for sharing your wisdom, Joe. I would add a quote from Theodore Roosevelt, which is in the same vein as the one you posted from Tara Gentile.

"People don't care how much you know until they know how much you care"

I think this is very important for most of us, bloggers in the making. Many people at WA have accumulated serious knowledge from prior employment and careers. Knowledge is critical when it comes to blogging, but caring about our readers will make us successful, not knowledge.

True.
Thanks
Joe

Very good point Joe. Hope this will inspire some people to pursue the hard work.

Spot on Joe. In the banking industry we called it 'needs analysis'. You sell to people's needs and desires, not to your gratification. Jim

Nice one. Thanks for sharing. Joe

Great post and full of truth. Thanks for sharing

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