Why Do So Many Internet Startups Fail Today?
Wrong Perceptions about the Internet,
No Business Background
The Right Mindset Just Isn’t There!,
How You Can Avoid Joining the Failing Masses
The Cornerstones of Successful Internet Entrepreneurship,
Having the Right, Healthy Mindset
Recognizing and Using Leverage,
It Is Not What you recognize,
Why Do So Many Internet Startups Fail Today?
Every day out there within the real brick and mortar world, millions and many people drag themselves from the nice and cozy , warm beds, take a shower, grab a cup of coffee, and leave to their jobs as they’re thinking that there possesses to be a neater thanks to make a living. Every one of these millions and many people knows somebody who has quit the ‘get-up and-go-to-work’ grind and is making a really good living by performing on their personal computers from the comfort of their own homes.
Working from home seems like a perfect solution to them. Many of those dissatisfied souls will quit their jobs and plunge head-first into internet marketing with no preparation, no knowledge of what they’re doing, no education, and no hope of success. Failure is their only option and that they don’t even suspect.
The fact is that consistent with many sources, quite 90% (Ninety percent) of all Internet business start-ups end in failure within the primary 120 (one hundred twenty) days. Yes, you read that right. NINETY PERCENT! This failure rate should be a warning to those that are considering trying their hand at making a go of performing on the web instead of at employment in the brick and mortar world. Of course, success is possible. There IS that other 10% (ten percent) that do succeed. The thing is success doesn’t happen by accident. And success isn’t just a crapshoot. Success happens because of some very important factors.
Success happens because people have the proper ideas about internet marketing and the way it works. They do not expect to urge rich quick or be ready to make a killing overnight and retire to a tropical isle. It is strange but somehow an equivalent people that wouldn’t dream of starting a true world business, think they will make a go of an online business albeit they have no business background. People will enter an online business with the thought that they not need to rise up and attend work. They think they will simply work when the texture loves it and still make an honest living. They simply don’t expect to possess to figure hard or work long hours.
Wrong Perceptions about the Internet
The 90% failure rate of latest Internet businesses really isn’t all that surprising once you stop to believe the people that are starting internet businesses. For some unknown reason, most of the people think that running a successful internet business is as easy as getting an internet site built and hanging out an ‘open for business’ sign. They couldn’t be more wrong. Running a successful internet business of any kind requires self-discipline. People will start an online business and think that they will party all night, sleep until noon then make a living in 3 or 4 hours sitting in front of a computer.
They somehow think that the planet is simply getting to line abreast of their website and fork over money. It isn’t going to happen. Internet businesses do not run on auto-pilot. It is true that well-established internet marketing gurus don’t need to put in long, tedious hours on their businesses but it’s a privilege that that has been earned by fixing tons of long and tedious hours. It didn’t happen overnight for them and it won’t happen overnight for anybody. Most people are totally unprepared for the time investment that has got to be made so as for an online business to become successful.
No Business Background
All businesses have two things in common. They are BUSINESSES and that they must be run like businesses! The people that are responsible for business got to understand the accepted practices of business.
They need to know simple and basic ideas like acceptable over-head expenses in reference to projected income. Internet entrepreneurs got to understand profit and loss and what constitutes each.
A college degree in business in not essential for an online business entrepreneur go achieve success but it sure wouldn’t hurt. Just some basic business knowledge is absolutely vital. f you’ve got a tough time balancing your personal checkbook, you almost certainly should keep your day job and ditch starting an online business. It is true that you simply can hire accounting firms which will tell you once you must make tax deposits, for instance , but these firms won’t be ready to tell you IF you need to make them. Accounting firms can tell you whether or not you made a profit but not the way to make it. If you’ve got no business background you would like to, at the very minimum, get some good business advice before you even consider opening a web business.
The fact is that each successful businesses operate sound business principles. Successful businesses aren’t accidents. The proof is within the numbers….only 10% of latest internet businesses are successful or are even still alive after the primary 120 days of operation. It is not even reasonable to expect to form a take advantage of a replacement commercial enterprise for several , many months. You must have sufficient resources available to not only launch your business but provide for your own personal needs for an extended period of your time . It’s called ‘capital’ and there’s no way around the need for enough of it.
The Right Mindset Just Isn’t There!
You have presumably heard the phrase, ‘He has an attitude!” this is often usually a derogatory remark made a few person with a disagreeable attitude. But the word ‘attitude’ is a crucial one when discussing internet marketing start-ups. A good attitude…a good state of mind can’t insure success but a nasty attitude and a nasty state of mind can certainly guarantee failure. Here are some wrong attitudes which will absolutely guarantee failure: I can work once I want to. Wrong, wrong, wrong! You can’t just work when you feel like it.
You have to expect to place in many long and really tedious hours of very diligence to form a replacement internet enterprise succeed. I can get rich quick! You couldn’t be more wrong and you’re not only wrong but you’re putting yourself in peril also. There are bazillions of crooks out there on the web who are expecting their next sitting duck and if you’re trying to find a fast thanks to getting rich, you ARE the next mark. It is possible to form a really comfortable living with internet marketing enterprises but if anybody ever tells you it’s quick or easy, they’re lying to you.
I don’t need a business plan. There you are…wrong yet again. Internet business is still business. All of equivalent business principle applies to online business as apply to brick and mortar business. It is imperative that you simply have an idea for fulfillment that’s based upon these sound business principles.
When you have an online business of your own, you don’t have a boss. Wrong again! You are your boss. If you aren’t an honest boss who sees thereto that employment is accomplished on time and fully , you’ll doom yourself to certain failure. Unless you’re a boss who sets up a working schedule and establishes goals that has got to be met, you’ll end up performing at employment under a boss who does do those things and perhaps for wage .
How You Can Avoid Joining the Failing Masses
The thing about starting a business…any business…..is that there’s no guarantee of success under any circumstances. Even big international businesses can fail at new business ventures. A failure is usually an option but the likelihood of success are often optimized. You can optimize the possibility of success by:
Having an honest solid business plan in situ BEFORE you launch your online business. There is an old saying: “Those who fail to plan, decide to fail”. A detailed set of plans for fulfillment must be made. You need to possess the steps from getting from point A to point B listed in great detail that includes realistic cost estimates for accomplishing each step.
Expecting to work very hard to accomplish y our goals. You must never expect anything to be easy. You will be right most of the time because things are rarely as easy as they appear. Each step toward success requires work, time and patience. Sometimes things don’t work out right on the first try. You have to be willing to undertake again and again until you are doing succeed.
Not falling for ‘get-rich-quick schemes. The internet woods are filled with those that prey upon those that are looking for quick and straightforward ways to become rich. Those ways do not exist. Get over think ing that there is an easy way. There is NOT. Remember those statistics! Ninety percent of all new internet businesses fail in the first 120 days. You don’t need to be a part of that majority. You can become a neighborhood of that 10% minority of successful internet business enterprises.
The Cornerstones of Successful Internet Entrepreneurship
Running a successful internet business can look so simple once you are on the surface look ing in. You check out a successful internet entrepreneur and he doesn’t appear as if he’s doing anything special but he’s living the great life. It really doesn’t look like he is work ing all that hard. He seems to be enjoying life immensely.
Really…all he’s doing is sitting comfortably ahead of his own computer in his own very comfortable home a couple of hours each day . He talks on the phone and seems to be enjoying every conversation.
Apparently, running a successful internet business is that the proverbial ‘piece of cake’! Right? WRONG!!! wrong, wrong, wrong!
You are looking at the results of a really , very long and tedious process that consisted of the many very long, late-night hours and tons of blood, sweat, and tears over a period of several years. This successful internet entrepreneur worked very, very hard for the success that you are looking at.
It is quite a touch bit likely that he first placed four cornerstones first as he began the long process of building his successful Internet business. Those four cornerstones upon which he built his success are:
The right mindset.
Recognizing and using leverage.
Building a set of useful contacts.
A nd he probably had a mentor.
W e will discuss these four cornerstones that must be laid down first so that a successful internet business can be constructed.
All of them are important, even crucial to the success of any business but especially to the success of an online-based business. Constructing a successful business in cyberspace has many things in common with the building of a successful brick and mortar business but there are significant differences also.
Having the Right, Healthy Mindset
The success of any business both of the web variety also because the offline variety requires the proper mindset from the get-go. A right and healthy mindset will not guarantee success but a wrong and unhealthy or unrealistic mindset will most assuredly guarantee failure. So the right mindset is the first cornerstone that must be laid upon which a successful business can be constructed. W hat is a right and healthy mindset? There are things that it is as well as things that it isn’t.
A right and healthy mindset is that the willingness to figure as hard and as long as is important to realize the goals that has been set. A right and healthy mindset ISN’T the belief that success will be easy, quick or painless. Those who believe that they will make an online commercial enterprise thrive without having to truly put in any time or effort are simply doomed to failure from the start. There are schemers and scammers out there in cyberspace that are just waiting eagerly for those to come along who are looking for easy riches.
A right and healthy mindset IS the willingness to take the time to make a good, solid business plan that is based upon sound business principles. A right and healthy mindset ISN’T just jumping in feet first and hoping for the best. The best which will happen under those circumstances is that you simply get out with any more than two cents to your name. Flying by the seat of your pants isn’t an idea …it is just plain suicide within the world of internet marketing. If you don’t have a proper education in business, you would like to seek out people that do have that kind of education and seek then follow their advice.
Recognizing and Using Leverage
There are dozens…maybe hundreds….of business models out there. Some are, of course, more successful than others but all of them accompany their own set of pros and cons. The idea is to urge the foremost bang for the buck. You need to use all of the facility of the web to form your e-business successfully. You really cannot afford to go away any stone unturned. If you’re a true go-getter, the temptation is to try everything first which isn’t possible. You need to form a sensible plan and build one thing upon another until you’ve got an honest solid base from which to work. Once you get an internet site built, you’ll get to begin leveraging SEO (search engine optimization) and gaining page rank.
One thing does cause another, of course, but one among the quickest ways to leverage SEO is to feature a blog to your website. This is how that you simply can get far more quickly indexed by the search engines.
Leveraging also includes branding yourself, your website and your products. One of the quicker ways to start to urge yourself branded is by investing in PLR (Private Label Rights) products and changing the names of these products to incorporate your own name or logo. (Don’t forget that there must be some rewriting done.) this is often probably the quickest thanks to become branded also as gain credibility on the web . For example: you would possibly by a PLR E-Book about Easy Dog Training and alter the name to ‘John Doe’s Easy Dog Training Methods’.You can sell the book, give it away as a free gift on your own website or list it in E-Book repositories for others to use. Remember that reputation and credibility are everything on the web. Don’t take any shortcuts and never damage or allow others to wreck either.
It Is Not What you’re recognized, But Who you’re recognized
That is an old saying. “It isn’t what you recognize , but Who you recognize that counts”. Setting a cornerstone of excellent solid relationships is a crucial aspect of building a successful e-enterprise.
Working hard at building good solid business relationships is worth every minute of your time that you simply invest in it. Business relationship building should be one among your top priorities.
When you build social relationships, you insert yourself into social situations where you are available contact with people that have interests that are almost like or complementary to your own interests don’t you? That is precisely an equivalent way that business relationships are established. You insert yourself into business situations where you’ll meet others who have businesses that are almost like or complementary to your own business. You develop relationships over a period of time.
There are several ways during which to accomplish this task. One way is to participate in teleseminars or webinars that are associated with your business.
You will learn a lot, of course, but equally important, you will come in contact with those who are already succeeding in the niche market that you are working in. Of course, attending real brick and mortar world seminars is a good better thanks to beginning to create friendly business relationships with not only your peers but also with those who are in a position to help you….which brings me to the final cornerstone that you need to lay.