Now if you talk to most Internet marketers, advanced or newbie, one of the common phrases you will hear is “95% of people trying to make money online will fail while only 5% will succeed”. So with such a low percentage of success online, why do most people fail? why is it that a small group of people succeed while a large amount fail online. After spending a few days doing some research, here is the three main reasons why I believe most people fail online.
Reason #1 – Information Over-load
Now there are literally thousands of ways to make money online? The problem is when you get over-loaded with the type of information to do so. For example when you check your email, how many times have you noticed a new program or product that will show you how to make money online. The simple fact is most of these products will work but it does take time, If you have been told that you can make a lot of money within a short time of period, I personally believe that cannot be done; especially if you are a complete newbie. There are steps you will need to learn before that can be done. In this business its easy to get over-loaded with information to the point where it does not even make any sense. If you are at this stage in your business, you will need to take a look at what you are doing and reorganize so it makes sense to you.
Reason #2 – Focus & Execution
So now you have cut out the information over-load, you have finally decided to follow a program and see what happens. Well this brings me to reason #2. As the Internet gets bigger and new things are created, its so easy to lose focus. Think about it for a minute, besides trying to make money online, what else do you use the Internet for? well let me give you some examples…did you see that latest youtube video where the monkey drives a car or did you make sure and check on all your facebook friends status, and don’t forget about that Playstation for sale for like ten bucks on craigslist?
Hope you get the point
There are so many things you can do with the Internet its so easy to lose focus on what you are trying to accomplish. As a newbie online, you will quickly learn that it takes around seven dedicated hours per week to your online business if you want it to succeed. Make sure and spend some time doing what you need to get done then head over to youtube, facebook, myspace, or whatever site you like to visit.
Now once you get the focus to do what you need to get done, make sure and execute it! Basically what ever program you invest your hard earned money on, don’t try and find any loop holes to get it done quicker. You will need to make sure you are following every step as explained during the training of the program.
As long as you get the focus and execution with the understanding that its not gonna happen over night, you will eventually start to succeed online.
Reason #3 – No one can fail, they just quit
Alright so now you know that you will need to concentrate on just a few ways to make money online, you will need to give it the focus and execution it deserves. So the most important reason why I personally believe the cause of why 95% of people will fail online is they simply quit. Its hard for people to understand that it takes time and dedication to reach success. When people see little to no results, they simply tell themselves that it will not work, its a waste of time and money, and next thing you know with that type of mentality they push the “I quit” button.
let me ask you a question, lets say you put three months and around a thousand dollars into a project you where working on, you then spent around three hours a day for those three months creating a product you thought was gonna make you a well deserved income. Next you launch that product and next thing you know it fails miserably, I mean on launch day you only make a few sales and within a week your new product quickly dies out. Finally after all that hard work you make just enough money to make up what you spent in the first place…what would you’re mind set be? would you be ready to quit? would you think it did not work?
The reason I can ask you that simple question is because it happened to me? In the early days I spent some money, created my first website, and watched it fail. Now I could of easily told myself that Internet marketing does not work, it would of been so easy to think of all the negative things I could of said about making money online but I did the opposite, I didn’t give up, I simply moved forward and continued to learn more about Internet Marketing.
These are my three top reason why I believe most people fail online. Now I know there are more reasons why so I would like for you to comment and share what you believe is your number one reason why people fail online.
Take a few minutes and write about a bad experience or if you thinking about quieting, let me know why?
I hope I can help you reach that road to success but without knowing what you need, its gonna be difficult if not impossible!
Sincerely
Edson Buchanan















{ 18 comments… read them below or add one }
Hi Edson,
Nice post! I would have to say that reason #1 and #2 are main ones that I try to stress to clients. There’s just too much stuff on the Internet to try and do everything. It’s always good to set goals and focus on that goal until it’s accomplished.
Enjoyed Reading!
Jeff
Jeffery Baxter Jr´s last [type] ..4 Miscellaneous Email Marketing Advices
Hi Jeff,
Thanks for stopping by, I’m glad you found some useful information. All three reasons is very valid but yes reason 1, and 2 I believe are the main reason why it leads to reason number 3. People these days just tend to get overwhelmed with information, and without the dedication to do what needs to be done, they eventually quit.
My goal for the rest of this year is to have people succeed,
Edson Buchanan
Hi Edson,
Great post! 100% of business are destined for failure if you don’t have the right attitude, drive and the right mindset to get you through the early stages if business.
If your business is earning money and you are seeing results it’s natural to give your business the time and dedication it needs to make more! It’s this time and dedication you need from the start.
Success only comes from you and your own efforts, it’s not handed to you on a plate. Procastination is a recipe for failure!
Dan
Daniel Sumner´s last [type] ..Self Learning – Outsourcing – Student and Teacher
Hi Daniel,
just like you said, mind set is the biggest key to success! without the correct mind set people usually don’t take action or the correct type of action!
Once they realize that they need the I will not fail mentality then they will start to succeed!
Thanks for stopping by Daniel,
Edson
Twitter: sallyneill
August 1, 2010 at 9:12 am
Hey Edson
Great post, I enjoyed reading it.
Action Action Action!
Having the knowledge is not enough, action is what what produces results.
It doesn’t even matter if you take action and FAIL, at least you know what went wrong, you re-adjust, tweak and try again.
Too many people seem to be addicted to learning, instead of earning.
They should follow the points in your post and get started on the right path today.
Sally
Sally´s last [type] ..To Be The Interviewer Or Interviewee That Is The Question…
Hi Sally,
Yep Action is really the first step to success. Accepting failure and moving forward is the next…when people start to realize that its not rocket science just keeping forward, eventually they will succeed.
Thanks for stopping by Sally,
Edson Buchanan
Hi Edson, this is a great post, I must admit that I have fallen victim to all the pitfalls that you point out here, as Sally says it is taking action on a continual basis that produced results in the long term.
Great info
Rob
Rob Corrigan´s last [type] ..10 Guaranteed Ways to Kill Your eBay Business Dead!
Hi Rob,
You know I truly believe that most people have fallen victim to information over-load. I know in my early days I was always chasing the dream…only problem was they kept turning into bad dreams so I just found the next latest and greatest thing and continued on my path to success.
Everything turned around for me when I decided to stop chasing the dream but rather stick with just a few things I liked to do and I knew it worked.
I hope you have taken action and now are headed in the right direction.
Edson
Twitter: kathydobson
August 1, 2010 at 11:13 am
Hi Edson…great post full of wisdom
I am right with you on those that fall into that 5% are the quitters. It takes perseverance, patience, persistence, endurance, fortitude, desire and determination to succeed at this game because it doesn’t happen overnight.
The rewards in this online game are huge….and so is the price to get there. Those willing to pay the price win the reward.
We must constantly be pushing the envelope. We must prove our RESOLVE to the Universe…
The Universe rewards those who want it the most….pretty simple isn’t it?
I really like the way your blog is looking Edson….
There is a “100 Comments Contest” that just started…you might want to join
Check it out…
Kathy
Kathy Dobson´s last [type] ..100 Blog Comments
Hi Kathy,
I just went and checked out your blog and its looking great Kathy. I hope you are seeing some great success as you are a person who really deserves to make it to the top.
I so happy you stopped by and in my busy schedule I will try and make some time for the comment challenge.
Also glad you like my blog, I think I’ll stick with this one LOL
Edson
Twitter: EruwanGerry
August 1, 2010 at 1:45 pm
Hi Edson,
Thanks for sharing this great article!
When I first started online, my main problem was information overload. My advice to newbies, stick to one internet business model first before trying out everything that you can find. Once you make your first Dollar online with that one internet business model, you’ll be motivated to take it from there.
After that, just don’t ever give up!
Hi Eruwan,
You really made another great point. Most people give up before they even see their first dollar online. Its amazing what a dollar can do for a persons confidence but without ever reaching it, most people never know.
Edson
Edson,
This is a great post.
I’m a testimonial to the fact taht if you did not have a focus you will just be surfing your time away and not making any cent.
Until when I focused on a project before I stated making money online.
Olusegun Ajibode´s last [type] ..Magic of Making Up System- Does It Really Work
Hi Olusegun,
Thanks for stopping by…
And you are not the only that has gone through this…I’m also another example of failure before success.
The best thing was we took action and succeeded,
Regards,
Edson
People are different by nature. that is how the world was created, therefore creating different vocations… publishing and blogging although sounds easy, is not for everyone…
Creative Visualization´s last [type] ..Attract More People with Create Visualization Part I
Twitter: lionslinger
September 29, 2010 at 12:34 pm
There are many times when the feeling of giving up comes to my mind. Yet I always remember that I will achieve nothing if I easily give up. Quitting is an enticing option once we’re faced with challenges when pursuing our goals, but it is the characteristic of a successful person to persevere.
Twitter: johnmcnally54
December 3, 2010 at 12:12 am
I think #1 and #2 are related. After suffering from Information Overload you try and do everything, and end up doing nothing. Lack of focus is also a lack of direction. You need a clear plan, and the determination to see it through to the end.
We all need to learn from our failures Edson. If you haven’t failed, it means you haven’t been trying hard enough.
John
John McNally´s last [type] ..5 Topics for Blog Posts
Twitter: Kerry_L_Russell
January 23, 2011 at 12:47 pm
Hey Edson,
As always your post it very informative. A lack of focus, direction and planning is definitely a huge contributor to the 99% of online businesses that fail. But you know what ‘you are so right’. You can’t fail, people just give up too quickly because they have no focus or direction. which in return means they achieve very little as they are not taking action as Sally says.
Kerry Russell´s last [type] ..Great News! Made My First Sale