7 Reasons Why 99% Of Online Businesses Fail

This document is of incalculable value. It will help you to UNDERSTAND why 99% of the people who undertake a business on the Internet FAIL. This document has been issued by a team of experts whom together have more than 10 years of experience in the industry. I recommend you to read it and study it and you’ll avoid committing the mistakes we made:

7 reasons why 99% of Online Businesses FAIL

1. Unreal expectations. (Thinking you will become millionaires within one month).

This is the main reason why the rate of failures is so high. It is true that the websites that promise an astronomical amount of money in a short period of time are to blame. Many times we are tempted by eye-catching statements like: “Make $2,000 per day starting today (with no experience)” and that obviously NEVER, EVER happens.

We have to learn to separate things. There’s nothing wrong in the following sentence; “You could earn a lot of money on the Internet”, but all in due course. It is almost impossible to become a millionaire in one year, and even less in one month.

You have to bear in mind that a business on the Internet is very similar to a traditional business. You have to be humble and modest to start off. If someone tells you that you will earn large amounts of money in 4 days, run terrified. That may be a scam.

2. Patience & Commitment

I could have named these two requirements separately, but I believe you, the reader, will appreciate if I do it in this way in order not to sound too redundant.

You have to reach a certain level of commitment with your business. Be aware that you will have to dedicate time, at least 6 months, if you want to make a profit. Patience is also a decisive factor… according to my experience, it is almost as important as the know-how.

Why do things, if we don’t take our time to do them properly?

3. The product/Company

You can buy and sell everything on the Internet. All you need to do is to look at the portal http://www.ebay.com and see it for yourself. Businesses, and/or the business opportunities are also for sale. According to a recent study, every 11 seconds a business is launched on the Internet. Almost 8.000 businesses are created every day on the Internet (only in USA)!

You have to know how to choose in order to avoid becoming a victim of fraud. Please always consider the following before purchasing a business opportunity:

o The Company should have a street address and visible telephone number.

o It should have a product which is easy to understand and assimilate. Many of these business opportunities promise you a large amount of money only if you invest a certain amount, but it remains unclear what you are actually buying for such amount. Make sure you know where your investment goes.

o What are the advantages of the main product? In which ways is different than the competitor’s? Is it a unique product, or is it only a collection of e-books that you can easily acquire in other places (and for free)?

o If we talk about a business opportunity like MLM or Marketing Network, are there any testimonials? How much money are they making? And how much money is your sponsor earning?

Make sure you join a winning team. It is of vital importance that your team supports and educates you on this new adventure.

4. Lack of investment

Most likely, many could now feel uncertain (the word “investment” has these effects) thinking that you have to invest millions. No worries, no large investments need to be made, but you do need to realise that your business on the Internet, just like a traditional business, will need a small investment to get on its feet.

You have many possibilities at your disposal. As in a Clint Eastwood film, the internet is also filled with the good, the bad and the ugly. Trust me, if you launch your online business, you will get to know all three… Either way, you have to invest in your business. Move away from everything you see with the word “Free”. There is no free method for promotion on Internet, well, actually there is, the “mouth to mouth method” and “Marketing Viral” but this only works once your business is established and has a high number of clients.

5. Traffic.

The Internet traffic is known as the inflow of users to our site. There is an erroneous concept, very common amongst all the Internet beginners, who believe that as soon as they publish a webpage, we’ll receive a flood of users wanting to visit our site. Unfortunately, it doesn’t work like that. It is estimated that there are one thousand million pages on Internet. Yours is only one of them. It’s a big, big world out there.

How is the traffic generated? There are plenty of ways, paying or not paying … I want to repeat what I said earlier, free advertising DOES NOT WORK.

6. Guarantees.

Do you want your investment to be guaranteed? If you find a business opportunity that guarantees a minimum income, there’s a red flag there. You may be set up for a scam or fraud. In business, there are ALWAYS risks. No business is “sort out assured”. It is obvious that there are some riskier than others, but all (I underline this once again) in ALL businesses there’s always an element of risk. Have that in mind.

7. Reinvestment and recycling

If you keep in mind all what has been said up till now, the possibility of making your business profitable is high. This is the dream of everyone who starts a business on Internet; when we receive that first email or notification (you have made your first sale), the heart starts beating really fast, your hands sweat, you can feel the blood running through your veins… If you generate profits, you should reinvest part of this money in order to generate even more profits. YOU SHOULD NEVER AIM FOR LESS… if something works, keep on doing it.

Keep your eyes open for other opportunities. Is strongly recommended that you don’t rely on just one stream of income, look for more business opportunities and diversify your income sources.

That’s it. Now print this document and use it whenever you wish. If you allow me, I will give you a few advices to finish off.

If you are looking for “fast” money (by fast money we assume that you need a large amount of money in a month), we recommend that you buy the lottery, go to the casino, play bingo… but DO not open an Internet business. We don’t want to discourage you, but those who believe that an Internet business can generate lots of money in a short period of time.

On the other hand, despite what I’ve mentioned in the previous paragraph, if you are a person who is looking for a serious business and an extra income source and is willing to do what’s necessary to succeed, Internet is an infinitive source of opportunities.

The people responsible for this document found their main source of income on the Internet and recommend you, the upright and serious user, if you wish to start a business on Internet, act now.