As the economy continues to go up and down like some never-ending rollercoaster, more and more people are looking to the internet as a way to earn a living. They hear tales of bloggers who earn enough to quit their day jobs and work from home in their pajamas and figure they can do the same. But most of them will fall flat on their face and never even make a penny on the internet.
I built my first website way back in 2004, so I’ve been around long enough to see many would-be entrepreneurs call it quits. In my experience there are 4 major factors that keep them from being a success.
They’re lazy. Most people think making online is easy. They assume they can just write a couple of articles, click a few links, and the money will come pouring in. But if that was true, don’t you think everyone would be doing it?
Sorry to break it to you but an online business is like any other business. It takes a lot of work to get off the ground and build a steady flow of income. If you think you can get rich overnight…you will fail.
They never take action. I can’t tell you how many people I’ve met online who suffer from “analysis paralysis.” They spend countless hours in forums looking for the perfect money-making formula. They download every how-to ebook they can find and obsess over the smallest of details. They spend all their time analyzing and in the end they never actually do a thing.
Now I’m not saying you should just run off without a plan. That won’t get you very far either. But at some point you’ve got to actually get started. You’ll never get anywhere if you don’t take that first step.
They lack focus. I fell under this category for a very long time…several years in fact. You see, there are so many different ways to make money online, and I always had a million different ideas running through my head. I’d start working on one project and then before I even finished I’d be getting sidetracked and start working on something else. What I ended up with was about a dozen or so unfinished sites. Some were earning a few bucks here and there but none were anywhere near their potential.
It wasn’t until I started to focus on one thing at a time that my income began to grow consistently. If that sounds familiar to you try scaling back a little. Identify which direction you really want to go in and start focusing all of your energy there. You can always branch out in other directions later.
They give up too soon. This is the one that really drives me nuts because I’ve seen it happen so many times. When they first launch their site they are full of enthusiasm, but it quickly fades away when the traffic and revenue isn’t there right out of the gate. Within a few months they are gone.
But what they don’t realize is that success may have been just around the corner. It takes time for a new site to be found and get ranked by the search engines. If they had just stuck with it a little longer they might have gotten a boost in traffic and income, and that would have encouraged them to keep building and growing their business.
Comments From TFB:
this post from the “other” Mike I can only highlight that it takes a lot of time to make some serious money online. To be honest, several bloggers will be able to make a few hundreds per month through selling links within a few months of existence. Then, they think they have become some sort of dot com mogul. However, this business model can’t scale and it is very limited in term of income potential (unless you have tons of sites!).
Therefore, if you really want to success with your online business, you need to be patient and to hustle for several years. Money comes with traffic and traffic comes with hard work, quality content and time! as I’ve mentioned in my 7 things people don’t tell you before writing a ebook, succeeding in the blogging world is not that easy. This is why lazy people, people won’t don’t focus on the right things or even worst, don’t take any action will eventually quit their great project that was not executed the right way.
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