Internet marketers have a staggeringly high failure rate, almost 97%. Making money on the internet is still a lucrative business opportunity compared to the traditional 'bricks and mortar' business, so why is it so many new marketers fail to make money online?
1. They expect instant results.
With all the hype on the internet people still believe they can make money literally overnight and when they don't they are disappointed and believe they were scammed.
The truth is no system will make you rich overnight no matter how good it claims to be, so don't fall for it. It takes time and effort to be successful in this industry.
Treat your internet venture just like you would any other business.
2. They are unfocused.
When you first start out it is easy to want to do everything at once but this is unrealistic and also unproductive. It is impossible to focus on ten projects at once when you are starting out and expect to succeed. Start out with one campaign and wait until it is established before moving on to another. It is extremely easy to get side tracked on the internet, start by turning off your email program.
If something grabs your attention bookmark it so you can come back to it at a later date.
3. They have unrealistic goals.
Don't believe what you see on the internet about making $10,000 a month, especially when you are starting out it isn't going to happen. Some internet marketers claim to earn this amount and some do. When you are starting out you can't expect to earn what some marketers have been doing for years. Give yourself time to learn the ropes before you expect to earn high profits.
4. They are not committed.
People are lured by the flashy cars and wads of cash but quickly lose interest when they discover 'work' is involved. You hear about the auto pilot programs that make money for you while you sleep. With any business you need to put in effort and online businesses are no different. You need to set aside a certain amount of time each day. If you start a blog you need to be consistent and add content regularly. Ideally this will be everyday but make sure it is at least twice weekly.
5. They are not willing to invest in their business
Many people are not willing to invest in their internet business and it cost them dearly. You need to remind yourself this is a business not a hobby and if you continue to use free advertising services/auto responders etc your business will fail to thrive. If you want to succeed you must be willing to invest some money (and time). You don't need to blow your budget but you will need to invest in reliable services.
6. They do not get traffic to their site.
The phrase "build it and they will come" is not true in this market, you need to get targeted traffic to your site or you will never make money. If potential customers cannot find your website how can they buy your product?
7. They do not collect visitor's details.
One of the biggest mistakes you can make as an internet marketer is not collecting email addresses.
Most people will not buy a product the first time they see it, they probably will need to see it two or three times before they purchase. Collecting email addresses with an opt in form allows you to remind the visitor prompting them to purchase, it also gives the opportunity to up sell.
In summary most internet marketers fail because they fail to plan.
Internet marketing is not a get rich quick opportunity but a process that takes time and some effort.
If you are willing to follow the step and do your research you may emerge as one of the 3% rather than the 97% failures.
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