You have probably heard that many people wanna make money online but why we keep getting response that many of them fail to make money online? What's the problem actually? They choosing the wrong products to sell? From the statistic shows that 95% of people who try to start a business online or make money online fail. Is this a real figure? I am not sure where that online business failure rate of 95% came from, but based on our experience, I think that number is probably quite accurate.
Lets us talk about some of the most common reasons for failure online.
It's a lot harder than it looks - Many people think that making money online is really easy. What make them feel that? This is no thanks to all these internet marketing product launches that make you believe that you can earn thousands of dollars within the next few weeks. In reality, building a business online takes consistent effort and a lot of persistence. Many people get started and then quit when they realize how much time and effort is involved. Many of them don't even practice the actual method selling online as well, they think that is very easy to make money online but if they don't do it in the right way, they may face to failure.
Not giving it enough time - An online business normally won't make you make money overnight, or even within a few weeks, unless you are already very experienced. Some people may take 4-5 months to make profit but I can say that some people may take less time than that or more time. I can see that a lot of people saying that they have tried selling xxx only for 1 month or 2 and not made any money, then they quit! This is not quick money & please put more effort on it.
Lack of Traffic - Have you heard about "No Traffic, No Sales"? I totally agreed about that. It is a fact that if you are not getting traffic to your website, you will not make any sales. If you are only getting 1 or 2 visitors to your website per day, then I can say that you must focus on traffic generation as your 1st priority!
Poor Conversions - A conversion is a visitor who comes to your website and make a purchase. A typical sales page on a website may convert at around 1%, which means that 1 person in every 100 will make a purchase. If your website is converting lower than this then you need to take a close look at the copy and try to understand why it isn't converting.
Lack of Help - Trying to succeed alone can be hard but your chances of success will improve if you have someone or a team to help you along the way, someone to ask questions to and someone to look at what you have done and tell where you have gone wrong.
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