8 Reasons Why People Fail At Internet Marketing and possible Solutions
Approximately 90% of people fail at internet marketing, waste money, or never make a penny from online marketing.
Internet marketing is among the fastest-growing and lucrative businesses these days. It is an excellent way for everyone to start a small business with little or no investment, no fixed cost, and high-profit margins. Anybody can start and run an online business within some hours.
Internet marketing sounds like an easy way to make money without having offices and hard labour, doesn’t it? When compared to other offline small business ventures.
Despite that fact that internet business is very simple to set up with little capital, the number of those who have succeeded in internet business is very few compare to those that failed to make a penny.
For every story, you hear of someone making $5,000 a month at internet marketing there are hundreds of countless stories of those who failed gallantly to make a profit or only made a few dollars and then quit the business. Why many people still fail when the potential to succeed is very high?
If you have dollars to spend on internet marketing, ask my advice about where those people go wrong.
8 Reasons Why People Fail At Internet Marketing
1. No Business Plan – A good business plan is a road to a successful business.No matter what type of business you are operation you need a good business plan with well-defined goals. The first thing to have in mind is to ask yourself the following questions and possibly provides the answer for those questions.
What are your short term and long term goals? What are the steps you need to meet those goals? It is very important to write out your plan and review it regularly.
The future of your business depends on the plan you laid down for it and how you implement those plan. If you don’t have a good business plan for your internet business before it is advisable to draw your plan today for 2014 as we are approaching the end of 2013.
2. Failure to work Toward Your Business plan – After written down your business plan? Are you following it? A business plan means nothing if you failed follow it. Work toward the plan every single day. Whatever happened along the way do not detract your attention from it but you may reverse it if necessary.
3. Expecting Result within a Short Time –Some internet marketers failed due to the lack of patient, they want to see the result with a short time. You are not going to create a web site for skincare lovers overnight. Start small with skincare tips and add content daily.
Those 5000+ page web sites took months or years to build. It is a good idea to treat your internet business as a business, not as a way to get rich overnight. Those that are making $10,000 monthly started from somewhere I mean from $0 to $1 and continue till they reach such high figure.
4. Inadequate and Lack of knowledge – You cannot be a successful farmer without knowing anything about farming? No. For you to be a successful internet marketer you need to learn internet marketing. Looking for a successful mentor eager and willing to help you and you will be way ahead of the crowd.
There are many folks there that failed to get advice from those that have succeeded in internet business and this course them time and money.
If you want to get the result without waste your precious time it is advisable to learn from the expert, those who have taken their time to study the market with a lot of wealth experience.
5. Failure To invest in Your Business –Many so call internet marketer who depends on free stuff are still expecting good results like those who invest in the business.
You will not get any support or targeted web traffic on with a free web host. Most of the best eBooks, scripts, and internet tools are the ones that cost money. You can run an internet business for next to nothing but you will definitely achieve faster and more profitable results when investing in the right tools.
For example, if you are a blogger and you are using free SEO plugin either from Yoast or any free plugin available on WordPress, you cannot achieve the same results with somebody who spent almost $95 to buy SEO processor. Believe it or live it that is the fact.
I am not saying free stuff cannot work but to say the fact it has a limit. Try to spend as little as possible on your business to make it grow faster as it makes take your time to succeed with free stuff.
6. Instant Result and Lack of patience – Many people think internet business is a way to get rich quick. Those who started internet business as a way to get rich quick are the people who fade away along the road. You will not be making $5,000 a month when you just started. It takes time and testing to build your targeted traffic and increase your conversion rate.
At the beginning, you might actually lose money and this is when many people give up without giving their online business time to grow. You need to exercise patience with your business and don’t expect an instant result overnight.
7. Niche Selection – whether you are affiliate or you base on product creation, niche selection is very important and is one of the determinants of your success in internet business.
When it comes to niche selection it is very important to pick the niche that is profitable with good intent buyer .Not only getting your hand on a niche that is profitable, make sure your niche is not a saturated niche such as weight loss as it can cause you more money and take more time before you can see result.
But if you are serious about making money online do your research on market or niche that people are ready to spend their money such as health.
8. Lack of Commitment – Lack of commitment is one of the major problems facing most internet marketer nowadays, no matter what types of business you are ruining, for you to succeed and achieved you must commit to such business.
To be successful, you must be committed to success. Know that behind every success story there are many hours of work and dedication.
You will need drive and determination if you really want to be among the next internet success story everybody is talking about.
Assess your online business every day and always try to avoid any of these mistakes. Do this and you are on your way to the next internet marketing success.
Oyundoyin Anthony
Oyundoyin Anthony is a blogger and an affiliate marketer that offers helpful contents to people who are looking for different products for their needs. He enjoys helping people to achieve success in their business.