This question is for beginners who are still searching to make their first dollar online, and to successful IMer's. Just why do 95% of people who try to make money online fail? 1. The lack of one good plan...... and sticking with it until they succeed? 2. Information overload..... aka paralysis by analysis and just never get started? 3. Falling for hyped up "easy money systems" that fail to deliver? 4. Laziness.... aka expecting to make money for doing practically nothing? 5. All of the above?.......or am I missing something? I guess my real question is...... Exactly what do beginners need to succeed? 1. A complete step by step, idiot proof plan that works? Don't several of these already exist? 2. Personal mentoring.......aka handholding and boot-camp style inspirational yelling? 3. Are most people just not cut out for internet marketing? My goal is to teach and mentor internet marketing beginners to become successful but I'm stumped as to exactly how? 1. Focus on teaching in specific niches that I have had success in. 2. Or creating a general IM course that would work in any niche? I guess what I really want to know is...... new internet marketers....... WHAT EXACTLY DO YOU NEED TO BECOME SUCCESSFUL THAT YOU JUST HAVEN"T FOUND SO FAR IN YOUR QUEST TO MAKE MONEY ONLINE I really want to know.... and I'm sure many others do to sam
i like the first 5 points you mentioned above. getting out from those dilemmas are pretty darn hard specially if you work alone and nobody is teaching you.
No 4 is why most people fail, I think. coz when you realize things you have to do to make a profitable web site or a online business, 24 hours is not enough. You are fighting with millions of others for your place ...
I would say most people fail to make money online because... They assume it's somehow easier to make money online than making it offline. I have no idea why people think this because the reverse is often true. There is no easy way to wealth, either online or offline. Wealth is a reward for investment of time, money and effort and payback for the risks you take along the way. You need either: 1) a damn good new idea, and the dedication and smarts to pull it off 2) a way of taking an existing idea, identifying where it can be done better/cheaper/quicker and then applying the dedication and smarts to pull it off Fundamentally, you need to understand how business works, how customers work, and how the internet works, and you need to mesh these together appropriately. "A complete step by step, idiot proof plan that works? " There's no such thing. There are scams. And if you're willing to risk prison then yeah I guess that's a way. But there's no idiot proof way to make money because, generally, idiots don't make money, they generally lose it! "My goal is to teach and mentor internet marketing beginners to become successful but I'm stumped as to exactly how?" If you're stumped, then I don't think you should consider mentoring others! People who are good at business know why they are good at business and can advise others about it. They're the ones who have written all the books in the "business" section of your local book store. They'll tell you about starting up, bootstrapping, marketing, investment, growth, how to value your business and your own time, how to make decisions, how to please your customers, how to work out your fixed and variable costs and apply them, how to price your goods. It's not rocket science, but it is a science and, seriously, if you wanna play hard ball, you gotta put in the time first to learn the rules of the game.
Online you can go for a year and not see any decent results. Experienced webmasters have the ability to see their website/online business picking up in the future. Inexperienced webmasters give up thinking they have failed when they see the lack of profit. Offline you get a job and at the end of the first day you know you will get paid $xx next week/month.
I wrote a question 2 years ago on a forum saying something like 'I have an idea ,how do I write an e-book and how do I go about building a website' Basically I had no clue, but I did number 1. And stuck with it and believed in what I was doing. I read and read, asked 1,000 questions, but manily took it one step at a time. Not only do I do well now but I also built my knowledge up so I can start new projects and my motto is always the same 'See it through until the end' I don't try two things at once, I stick with one and try something I know something about or try and think of something different. 70% of my ideas go down the pan, but I tried and learnt something from every failure. So I would say all 5 are very good points, but it is motivation to see it through and not try and compete in a market that thousands of are doing, not saying you can't make it work, but fresh ideas and approaches are the way forwad IMO.
You basically hit the points on 1-4. There is no easy way to make money and it takes time, patience, and depending on your niche, a good budget. The biggest ones who fail are the ones who buys the get rich for no work ebooks and goes out sets up a domain and a site and sits back and waits for the money to roll in. The only one who made money was the one who sold you the eBook. Mightyb is stating facts, you might go a year or more before your site takes off, if you hold the course, you might make some good money. But it is the ones who are chasing the next greatest thing that is destine to fail. Proxies, MySpace Clones, MySpace Layouts, and the list goes on are quick in and quick out because of the hope for easy profits. Build something you know, invest time and money if you have some and you can build a very successful site that could bring you years of profit.
Why Do 95% Of Beginners Fail Online? - yes I agree with your 4 main point, and I`m sure mostly failed due to point 1 & 2. new internet marketers....... WHAT EXACTLY DO YOU NEED TO BECOME SUCCESSFUL THAT YOU JUST HAVEN"T FOUND SO FAR IN YOUR QUEST TO MAKE MONEY ONLINE? - A good teacher/mentor with a low cost teaching fee .
People fail to make money on-line because they think making a web-site is easy so they don't bother to take the time to learn HTML, JavaScript, CSS much less a scripting language and a database. The result is a disaster of a web-site. Which highlights the other reason people fail; they think that hiring people to do the work for them is cheap. And they can't be bothered to go read a book to teach themselves. Then they find cheap people and they wonder why their web-site doesn't work right. If you need a structured environment to learn how to create web-sites then you need to come up with the money for a real education at a university or college. Personally I refuse to compete with cheap internet labor. My going rate is $20 an hour and if someone wants to work for less then that doesn't affect my price.
The lack of knowledge Lack of patience And they think online is easy money but instead of workinh hard they expect evrything being easy
I just answer the question, in my internet marketing learning journey I never found good teacher/mentor with low cost teaching fee. I know and I`m sure I will never found it, thats why I learn myself and not begging for cheap labour fees
Lack of planning and perseverance are definitely major factors that cause people to fail. But it's not just as simple as that. I don't think a lot of people take the time to find the right venture for themselves. They hear about other people making money in a certain industry and go after it, even if it's not something they're passionate about or particularly interested in. Too many people fail because they lose interest in their project after a couple months. And not everybody is the entrepreneur type. While you can work hard to learn skills and become good at something, some people just have it and others just don't. Then the issue becomes surrounding yourself with the right people who can compliment your shortcomings.
Patience..... people are motivated for a short period of time, and desire immediate gratification. It is the same reason everybody starts working out after new years and quits by february first. Only the people who have the ability to continue the uphill battle will succeed.
Most of newbies fail because they are uneducated, have no communication skills, no MARKETING SKILLS, no Real life Business Experience...
I think the big killer is lack of patience. It took me over a year to get my first dollar from the internet, and now literally hundreds and hundreds of hours from the past year to set up my business. Now the hard work is paying off. Determination and the ability to be proactive is what makes success on the internet. I quietly laugh when I hear people talking about how they are going to instantly make huge money online by dropshipping xbox 360's on ebay. Hardly any of those people stick it through. The only sad thing is that I used to be one of them