9 Reasons Why Your Online Business Will Fail

by Rebecca Kelley on July 22, 2009 · 152 comments

out-of-business

Online businesses and moneymaking ventures pop up left and right like wet gremlins, yet only a small fraction of them will have some semblance of success. A lot of people seem to equate the Internet with “easy money” because you’re able to set up a website and try your hand at making money while sitting in front of a laptop at home in your underwear. The fact of the matter is that it takes a lot to create a successful business and not much at all for it to fail. Here are 9 reasons why your online business is slated to be as popular as a screening of Bruno in the Bible Belt.

  1. You bring nothing new to the table. If you think of an idea that’s the exact same as something that already exists and you can’t think of a way to make it better, faster, stronger, sleeker, shinier, lighter, etc., you’re probably going to fail. Nobody is going to use a Facebook clone if it’s the exact same as Facebook. People won’t use your tools if they’re worse than other tools out there and cost more. You have to either offer something completely new that no one has created before or you have to take an existing idea and vastly improve it.
  2. You’re not disciplined. There is no 9-5 when you’re starting your own business, and online businesses are especially time consuming because the Internet doesn’t have a closing time. If you’re not disciplined to hunker down and put in the massive amounts of hours it takes to get a business off the ground, you’re not going to get very far. Your business will reflect your output — if you phone in the effort, you’ll end up with a crap product or service.
  3. You have no focus. Obsessing about how good your site looks instead of improving your tools or products might win you a design award or get you into some CSS galleries, but it won’t bring you satisfied customers. You need to know what to focus on and what’s important — you can’t tackle it all at once, so it’s important to prioritize and determine which tasks have the biggest, most direct impact on your business’s ability to make money.
  4. You don’t trust your team. If you’ve hired a couple people or have a whole team of employees by your side, they’re here to help you, not hinder you (if you’ve made smart hiring decisions, anyway). You hired these people for a reason and they should want your business to succeed as much as you do, so if you don’t trust their work or their ability to make good decisions that will positively affect the business, you’re just creating extra work for yourself and for everyone else.
  5. You think you’re entitled to succeed. Ah, the ol’ entitlement complex. It doesn’t matter if you have a good idea — if you don’t see it to fruition and work hard to make that idea a reality, it’s not going to magically appear by itself. Nobody owes you anything, so suck up your pride and hunker down to get some work done. Respect is earned, sonny boy, and you’re not going to get any if all you do is sit around and expect success without getting off your ass and making it happen.
  6. Your street smarts suck. Who cares if you’re a book smart genius who got straight A’s in high school and college? Being a business owner requires common sense, and if you’re too dimwitted to have good instincts and street smarts, you’ll likely get eaten alive by the competition. People might try to screw you, cheat you, and lie to you. It’s a tough world out there, and if you can’t cut it and hang with the big boys, you don’t belong.
  7. You’re a cheap, corner-cutting bastard. It costs money to make money. Too cheap to hire extra help? Don’t think you need that more reliable server? Sure, you see potential dollar signs in your future but if you’re too cheap to spend what it takes to get your business off the ground, you won’t be making much money any time soon.
  8. You take your customers for granted. If you do have some customers and subject them to poor usability, shitty customer service and bad products, you won’t have customers for very long. Don’t take your users/readers/customers for granted. They’re a huge part of your success. If you don’t appreciate them, they’ll spend their time and money elsewhere.
  9. You’ve never experienced failure. This might be the most important reason of all. If you’ve never experienced failure and you fail for the first time at something, you’re put at a huge crossroads and your tenacity is really put to the test. Most successful business owners have failed numerous times in the past, and they’ve picked themselves up and gone back to the drawing board each and every time to fix what doesn’t work and get back on the right track. If you don’t know what it’s like to fail and you find yourself in a position of failure, you might just throw up your hands, say “Fuck it” and quit. Sometimes you need to experience failure in order to determine if you’re cut out to be an entrepreneur.

There you have it, 9 reasons your business will likely fail. I’d love to hear any other reasons if you’ve got any, or you can share how you’ve grown your own business and any issues you came across along the way.

full disclosure

About the author...

– who has written 42 posts on ShoeMoney.com.

Rebecca Kelley is the Director of Marketing for This or That Media. She also runs Mediocre Athlete, a hobby blog about exercising and training, and My Korean Mom, a blog about her harsh but amusing Korean mother. In her spare time, Rebecca is a freelance blogger for hire, loves food and movies, and trains for marathons and triathlons.


Jason recommends you check out these amazing posts:

  1. shutterstock_73217308 You’re Too Sensitive to Be on the Internet
  2. hackinggoogle How Hackers Are Using Google To Pwn Your Site
  3. Shoemoney Featured Post 2 Simple ways to reduce spam complaints

{ 131 comments }

1 Juhani Tontti

True facts.

I would like to add one more: you don`t put yourself into fire, I mean personally. Jeremy is one example, who does it and we can see the results.

2 aspkin

Pretty true,

I found bringing something new, complete to the table helps a lot. Solving people’s problem is a plus and give information out for free brings in new customers.

Give something away for free then while you have the visitor there, make something just a little bit better, a complete picture then sell it to them.

You build trust first, then you earn yourself a new customer.

AKA Give me shoemoney tools for free maybe, something like 7 days for free like senuke has it, and then if I don’t cancel charge me.

Check out senuke’s setup shoemoney, I think it will help you sell more shoemoney tools.

I’m a customer of theirs.

Cheers, and good luck everyone.

3 Andrew - We Build Your Blog

All extremely important and I’d like to add one:

You try and do everything yourself!

It is worth trying to outsource some of the admin work in your business. You may be surprised how inexpensive it can be…especially when you compare the costs with how much your time is worth.

Andrew

4 Canada Immigration

yha right its not hard. you just have to understand that you can do everything yourself. just think, try it and go with passion.

5 Vic - BusinessAccent

This will become a timeless article for businessmen. I just want to add to the list … “you easily quit”.

6 Neo

Yeah agreed, I will bookmark this page just to remind me it’s not that simple doing business without any discipline

7 Ben Milleare

This kinds goes well with the “10 Reasons Nobody Uses Your Web App” post on my blog.

Good post BTW.

8 Ricky Peterson

Shoe after long time you have posted informative article, very professionally written and executed one. I guess you should keep writing such stuff on daily basis in order for people to understand more and more about online business success & failures. Being creative in today’s competitive blogging industry is must along with keeping your focus on target. These days TON of new guys are entering this industry and with no success they go back because they would like to make $10k in 2-3 months of starting the work. I remember very clearly that i started following you before 2.5 to 3 years & just now i have got little success this year and around started making $7k to $8k on monthly basis.

Patience is the name of the Game as far as online Entrepreneurship is concerned..!!

9 Jeremy Schoemaker

Rebecca wrote this one ;) I have changed the post avatars so its less confusing (as if the perfect grammar did not give it away)

10 Ricky Peterson

Ohhh…I missed that Shoe. Rebecca is the one from whom i shall expect this kind of articles in future. Really inspiring one …thanks Rebecca

11 Rebecca Kelley

My pleasure! Glad you liked it.

12 freeme007

Great Article!

13 Spica Casts

One more reason: because you are selling toilet paper online! Some products just do not sell online. Just because no one else selling it online does not make it an automatic winner. Product sourcing is really important for ecommerce websites.

14 Rebecca Kelley

Ooh, great point. Some people think you can sell anything online, and that’s definitely not necessarily the case.

15 Canada Immigration

Starting a business today can be very inexpensive. Thanks to the internet, you can own a store without having to leave your house. You don’t need to build or rent space. You don’t need to pay a lot of upfront fees to build up inventory so you have something to sell. You still need a great name, and of course you may need to spend some money building the online store and for advertising.

16 Holly Mann

Definitely the truth.

17 John C

Great article Rebecca. I’m actually in the midst of starting up myself and I was WORRIED about reading this article, but y’know, less worried after reading and just generally helped that little bit more on focusing.

I think the point about the hours you work is quite important. The amount of people who think it will be easier for them. It’s quite bizarre. I’ve literally doubled the time I spend working now (not forever, but first few months it is an absolute must of mine), but I can say quite easily, I LOVE doing the hours.

Doing a 15hr day for myself is much better than when I did it ‘for the man’. (:

18 Brad

GREAT POST! – I’ve taken over a failing business before, tried to turn it around. Was able to increase sales over 500%. Once I treated customers like friends – they just bought more stuff. NEVER TAKE your customers for granted!

19 Neo

wow a 500% increase? Never happen in my life, could you share with us Brad?
Thanks

20 Helen

good list, very true

21 Cassidy Jean

Great post, I really need to start picking up the pace with my own businesses. Definitely bookmarking this :)

22 Corey Freeman

Awesome post! I’ve been guilty of not focusing (comes with the teenage territory, I guess) at times but I always try to get jobs done on deadlines.

Customer service is the most important part of your business. If you’re not good to your clients, then they won’t want to work with you. It’s all about “non-price” competition. You can charge the amount that will keep you afloat if you do great work and provide great consultation.

I see a lot of younger entrepreneurs (teenagers online) cutting corners because they find price better than quality. I try not to consider things in that way.

23 Holly Mann

Trust me Corey, it is not just lack of focus due to being a teen. Older people are unfocused too. It takes a dedicated, motivated person to stay focused, follow through and see success. :)

24 Eric D. Greene

Perfect.

25 Online College

Great information. Your best point i believe is about Street Smarts. People will eat you alive if your some sheltered kid from an Ivy league who doesn’t know about “real” people.

The only thing I would add is to appreciate the people who are there to help you and don’t underestimate their contributions, at times the person would not even be there if it wasn’t for the little people!

26 SlingBlog

I was a 1,3 and 7 and it created so many failures early in my IM career. Great and truthful.

27 Nikki Thomas

I totally agree with what you are saying. If you don’t have the commitment or dedication to your business you WILL fail. You have to stay focused.

28 Canada Immigration

Why do so many people fail when the same opportunities are available to anyone? The answer is a lack of commitment and dedication. Yes we have all heard these words before, and most people will agree that they are necessary for achieving any goals.

29 ZK @ Web Marketing Blog

Certainly this one is very much true and I think that differeniate a successful person and failure.

Well said Canada.

30 Adam

You will fail if you spend all of your time writing articles telling people why they will fail.

Jeremy I think this is too guest posts in two days and two posts I have been ” eh ” about. I hope I can get some original Shoe soon.

31 Rebecca Kelley

Sorry about the scheduling. I author up posts and leave them as drafts and Shoe publishes them whenever. We’ll try to coordinate better in the future.

32 Adam

Rebecca,

Thanks for the response, you don’t have to dignify my whining with an actual response though. I am going to like some stuff and not going to like other things. It is all good.

Adam

33 Neo

You’re a cheap, corner-cutting bastard. It costs money to make money. Too cheap to hire extra help?

I like this statement bec, sometimes I got pm on my forum asking for help, at the time I suggested him to go for paid services, most of them said “are there any guarantee that your advice will help?” This is really sucks

34 Ricky Peterson

what the hell are you talking about dude ??

35 ways to make money online

Rick did you even read the post?

36 Holly Mann

Hi NEO – interesting approach. I learned in the last 5 yrs of working online successfully – if you are willing to take a little of your own time to help a person out, answer a question or direct them to a resource – it pays off big time. And also regarding her comment on how people need to pay to make money online – absolutely NOT. The costs are minimal and not everyone who wants to make money online can afford to hire help – and in the beginning it is not necessary anyway. To make money online you do not need to pay for advertising – the main cost is domain name and website hosting.

37 Gilly

ya i agree with every single point…especially the last one.We become better with each failure.

38 Jacques Snyman | 3 Quotes

You can effectively scratch out the “online” bit here, because these truths pretty much apply to any type of busines, whether it be the conventional retail store or the online endeavour. Certain factors affect performance, no matter what the scenario, and they are amply illustrated in this blog post.

39 Free Software and Drivers Download Blog

thats all close enough true for me, lol, just a new beginner with free blog without having a domain and hosting itself.

40 Free Directory Submission

Great list. I just started mine and its pretty hard to have everything that you listed under control with the limited time that I have in a day. :)

41 Gwendolyn Dunbar

Outstanding! Bravo! Bravo! Bravo! I feel like you’ve stolen all my little secrets that only I knew. Well done!

42 Branko Zecevic

Everyone need that suggestion,to be consistent and full of faith! Real treatment like any other job throughout building strategic bussiness plan!

43 used cars westhope

These are timeless tips and advice.

44 ZK @ Web Marketing Blog

Yeah and this always work because these are the pillar of success.

45 Moni Go

Interesting facts. Whenever you will talk about all these point with a failure, he will think you are a great astrologer :)

46 Old_Timer

“…You can effectively scratch out the “online” bit here, because these truths pretty much apply to any type of busines, whether it be the conventional retail store or the online endeavour. Certain factors affect performance, no matter what the scenario, and they are amply illustrated in this blog post….”

Your missing the point of this well written Post. The brick and mortar world has a HUGE barrier of entry compared to the Internet where any person can start a business and buy into all the phony pitches which abound. Stated another way…BECAUSE the Internet has a ZERO barrier of entry you will continue to see sites, affiliate programs, self proclaimed experts (NOT Shoe) drop like flies. Toss in a large measure of Wild Wild west lack of regulation on The Internet as compared to the brick world and you have a guaranteed failure rate that is signifcantly larger than the brick world.

Outstanding post :)

47 Gain muscles Secrets

Thanks Rebbecca for post, it really helpful

48 Stocks on Wall Street

Thanks for the tips they will help me out as my quest to make Stocks on Wall Street successful continues

49 Eat My Shorts

I LOVE posts like this! Nice one, Rebecca. Sort of puts everyone reading it back “in check”.

50 fas

Cool stuff there. Well there are many more reasons but the most important ones have been covered by you.

51 Lynette

I agree with all the reasons, especially the fail one. When one thing might fail, try, try again! There is no one shot wonder I believe. Most who have succeeded have tried many things before their success. Only if someone finds a product that no one else offers and everyone wants can a site take of instantly. I would like to add one thing to the list of nine. Patience, patience, patience! It takes time and diligence to work up the rank and alot of work, just like a brick and morter business, it takes time and word of mouth. Reputation is a great reason for success or failure. Customers can make or break a business. So in essence, take care of your customers! They will take care of you in the long run.

52 Canada Immigration

Patience-it’s the first thing every one must realize when its comes to making money online. Nobody gets rich quickly in any form of marketing. In online business, everything takes time to work for you.

53 Ricky Peterson

I agree with what you are saying Lynette. Patience is the KEY to success as far as online Business is concerned.

54 Article Marketing

Patience is the key to success to people who are starting their own business, or business owners themselves. It is true that time is your constant companion but never works at the paste at which you’d like. The people who are starting their own business often gets frustrated because they want things happen now as they had planned.

55 car dolly

the 4th point: i even dont have any team, i’m a single fighter…what a poor me!

56 ZK @ Web Marketing Blog

Everyone starts as singles and as the business grows you seek to hire people to work for you.

Just expand your business and you will build your team as well.

57 Holly Mann

Correct on that!

58 Kanon

You forgot procrastination. Wait, maybe that falls under no. 2.

59 Dean Saliba

I think most of those points refer to me!

I need to up my game!

60 readers

Sheesh, this is such a serious, structured post compared to what I’ve come to expect here (movie discussions, bacon dishes, etc)! :)

Seriously though, solid tips, thanks.

61 Simon Lynch

Good post, but I do have an issue with,

“You’re a cheap, corner-cutting bastard. It costs money to make money. Too cheap to hire extra help? Don’t think you need that more reliable server? Sure, you see potential dollar signs in your future but if you’re too cheap to spend what it takes to get your business off the ground, you won’t be making much money any time soon.”

In my experience, one of the biggest mistakes that you can make is spending when a) the income line isn’t there and b) because you have to get things moving. It is essential to make sure spend affects the bottom line. So maybe this should be ‘always be a cheap corner-cutting bastard except when it makes sense to pay out for stuff you need and which makes economic sense’? A business quickly becomes poor if this is not the case ;)

62 Nicholas James

Simon…spending is essential for a business to grow, why do you think businesses go and receive venture capital invesment…for the fun of it? I understand where you are coming from but in order to expand the business you need to spend money and in terms of you saying “when the income line isn’t there” that statement is wrong on so many levels…every startup has started with some level of investment.

63 Holly Mann

I agree with you Simon. When starting to work online – investments are minimal. When you have your own product and are making a lot of money off of it – customers will be emailing daily and that type of work may need to be outsourced. Web designers or programmers may need to be hired – but all of that can come after your money is rolling in. To start out – I personally only spent money on a domain and hosting and that was 5 yrs ago – and I’ve been making a great income online for the past 5 yrs. I love it and I don’t believe people should or need to spend much at all in the beginning.

64 Justin

It is a fact, you’re completly right :-)
Good luck to all :-)

65 PPC-Coach

It’s very true – people think it’s just easy – but it isn’t!

66 Needmoney.com

Getting discouraged by failure is a big reason why many people don’t succeed in business. Just gotta try to learn from your mistakes and get back up on the horse.

67 Canada Immigration

“Failure is a key component of the process of success.”
Most of the time we don’t think about success as a process at all, and we certainly don’t consider failure to be a part of the process. This is the number one reason why most people fail to become truly successful.
The great basket ball player Michael Jordon once said: “I never lost a game, I simply ran out of time.”

68 Holly Mann

I agree. You can use it to motivate you and drive you forward with even more strength than before you fell. :) My aunt was told by her ex that he thought she would fail miserably with her business. She held the words in her mind for years and ended up thriving because of it – for herself first and also to show him that he was wrong! It worked – she was very successful and now retired with a lot of money. :)

69 Yiwu

I’m sure some one will love it…

70 Isaac Yassar

Experience is the best teacher Indeed. But mistake is the best of the best teacher. You don’t make mistake, you don’t learn. Let’s make some more mistakes, shall we? =)

71 ZK @ Web Marketing Blog

One time or two time mistake is ok but if you are keep repeating this one than I think your brain is displaying that this program will not run in his hard drive … lollzz

Person who take the lessons from mistakes always proceed and reach towards his/her goal.

72 Ricky Peterson

From Mistakes one should learn in such a way that that is not being repeated in future any time. Learning Lessons from mistakes is something which every one should do all the time.

There is a popular saying that one who do not make mistake is GOD …lol

73 Holly Mann

Funny ZK:) and agreed

74 Nicholas James

Failure is an experience ;)

75 woody

Creating online business is only half work done. Companies need to promote their business to right audience. Best is to offload this work by using innovative promotion tools like “commentino”, to promote business/products in right forums. “Commentino” writers post web comments keeping forum discussion in coherant. Forum participants will come to know about more choices on business/products. Companies need to pay only for comments that they are satisfied with. In this way companies can reach right audience. For commentino follow link
http://snipr.com/nrwbw

76 Nicholas James

Or they could hire a company spokesperson etc and get them to do the same job?

77 Fix error

yes, you have right and in my point of view I think that the point 9 is the most important

78 Isaac Yassar

Experience is the best teacher Indeed. But mistake is the best of the best teacher. You don’t make mistake, you don’t learn. Let’s make some more mistakes, shall we? =)
Sorry, forgot to add great post! Can’t wait to see your next post!

79 ZK @ Web Marketing Blog

One thing which always necessary in every kind of business is concentrating on your goal and working towards that only.

I am sure there are many ways to reach at your goal but you will have to find out which one is less time taking and good one.

Divide your goals in small goals and keep achieving the small ones and keep moving ahead to complete another small one.

80 Ricky Peterson

Zubin – I agree with your saying of setting up of goals and work only on them apart from doing 10 new things. Undivided focus on the task will get you right on TOP.

81 Holly Mann

I agree with the goals. For me personally I try to manage my small tasks one at a time but try to also complete one major project or accomplish one big thing per day. It helps to keep moving foward and stay productive.

82 Lip Reduction Surgery

Exactly.
If you want 100000 visitors per day to your blog you should first aim and achieve 1000 visitors per day target.
Breaking down targets make them appear doable.

83 Article Marketing

You must be 100% concentrate in your business, your work. Focus in your goals until you achieve it. This is a key that you will need if you desire for success. So always focus in your work.

84 ZK @ Web Marketing Blog

I am glad that we have similar opinion and thoughts.

85 La Digue

The 9 reasons you’ve given here are absolutely correct. They are actually a guide for all those who want to open up an online business. When building a website, both the aesthetics and functionality have to be taken into consideration. Neglect one and you might fail. Thanks for sharing the information.

86 S.K Sharma

This is a best article for those who fails or want to fail in business.
But I am sure if I follow the entire list,I’ll never fail.

87 Azy

Totally agreed, business especially online all points are correct.

88 bladi420

this is really awesome in fact I thing that everything that you put on this article is really true you dont skip nothing this is the most common 9 things that should put you out of business and I want to thanks you because this is really helping me a lot to increase my behavior in the work enviroment.

89 Wesley Craig Green

Great post, Rebecca. The points you covered can be applied to any kind of business- offline and online.

The one point which stuck out for me was the first one regarding bringing something new to the table. There is a blog for just about every topic imaginable. If you find yourself wanting to start a blog on a popular topic or subject, first find a different angle on it and then see see if there’s a audience/market for it. No use doing a blog on, say, goat hair if you find only 4 people are interested in it.

So find a popular sub-niche in the topic you’re interested in blogging about and you should be fine. :D

Wesley Craig Green
The Geek Entrepreneur

90 What Antique Furniture

success online is all about The art of giving before you try to get. Before you get something from someone, you need to first give them a reason for them to give it to you.
if you know this kind of art sure you will not fail even you are alone , you don’t have enough money.

91 Blogger Rise

Hmm it is all true

92 Michael Locke

Great post! … totally agree with your 9 reasons. Few things I need to fix myself. Thanks for the motivation.

93 Holly Mann

Excellent Post!!! So true. I especially agree with the first point if you are a pro blogger for example – must bring something a little different to the scene to capture and keep readers captivated.

94 ACLS Sacramento

OMG! Preach it! I see so many people start with IM and then in a matter of weeks there talking about going back to school so that they can be higher paid employee….( no offense to my employees) However, I see a common denominator with these folks… L.A.Z.Y…..to lazy to do anything but talk about how nice it would be….There are natural laws that cannot be broken and they apply to all of us. The most simple law of business is that you will no doubt reap what you sow. You pay the price and it will show…you talk about it and, well….that also shows……

95 Ricky Peterson

L.A.Z.Y = Fail = Disappoinment

96 Liane YoungBlogger

Additional reason:

for practicality, if you don’t have enough funds of course and you’re compromising quality :)

97 aaron herman

One major stumbling block for those running an online business is the inability to control their budget. They either over spend, and go broke, or spend nothing and cannot succeed as they have no resources.

Aaron
Online Business Budgeting Tools and Tips

98 Car Buying Guide

Or perhaps the ability to control spam.

99 nazcar

great post. thank you for these tips.

100 Lip Surgery

I really liked your last point.

101 Lip Surgery

My formula for success in any venture is very simple.Keep trying until you perfect it.
It usually works

102 Michelle

I think one should print these tips out and hang on the wall in the office so that they motivate oneself and the colleagues to succeed. I think I might do that actually!

103 Affordable Web Hosting

Hey! Thanks for the excellent post. I would like to take a copy of it.

104 Steph Cakes

I have started and failed in 6 busineses. Each time I kept getting a little closer. I have finally found success with my passion. It’s funny because I have been making cakes for years and never saw it. Do it for love, and the money will come! Thanks, Steph

105 Promotional Products

These are some incredible tips that every business owner should read. Business owners should always be looking for ways to improve, never take customers for granted, and always be searching and selling new customers. Very well said.

106 Mathew day

Sweet Post!…. I needed to read some of those pointers right about now. Helps me stay focused on what’s important and what I need to work on.

107 gurtey

hey, this is really bad but truth, i really need some luck to get started!

108 Cheaper Parcel Deliveries

What about “it’s the economy, stupid”?

109 Juddah

It needs hardwork and effort to have a successful online business. Learn to love your work and you will see great ideas comes to your mind. :)

110 Greg Johnson

Those who succeed in business do so by determining the needs of the marketplace first, then provide products and services to fill those needs.

Most people fail by thinking product first, then trying to find a market to sell to.

The internet is a tremendous tool that can provide you with a wealth of information about under-served markets. Spend some time doing your homework first.

Why would anyone invest even one nickel without knowing if there is even a market for what you are providing? I know I wouldn’t.

111 Juhani Tontti

This my second comment to this post, so it is good and irritates my mind.

Some comments to the points:
1. When everybody have more or less the same services, one strategy is to concentrate on HOW you present it.

2. The focus is extremely important. I urge everybody be very narrow and special.

9. Failure. That is part of this busines and nobody can avoid it. The question is, how quickly you can jump up again and continue your journey.

I would add two points:
1. extra point. Try to pick some offer, which is trendy at the moment, like environment. If the surroundings sees your offer in a positive light, that helps.

2. extra point. The online marketing is all about contacts with the same-thinkers.

112 phillipmarlow

Nice post. College=fail in the streetsmarts dept.

113 mutuelle

Great Article!

114 mikaela

but if you work well , your online business can be really successful

115 Vany

Thank’s for the tips Shoe
From now i must try this

116 ZK @ Web Marketing Blog

Wow you have used some words which really make us to understand this whole article … such as

# You’re a cheap, corner-cutting bastard.

# Your street smarts suck.

117 ZK @ Web Marketing Blog

Wow you have used some words which really make us to understand this whole article … such as

# You’re a cheap, corner-cutting bastard.

# Your street smarts suck.

But we like your writing style

118 kresnasty

119 Diane Klemp

I think this is the Blog that i have to bookmarked, many thanks !

120 Laborde

You was interested on my post and asked me about dvd.read this answer.. “Vod Videos on demand in bester Qualität als online Videothek mit all den deutschen Pornostars und auch internationale!Wir haben uns kostenlos registriert und konnten nach 1 Minute 3 Gratis Sexfilme anschauen und wir müssen sagen, das dieses Angebot unschlagbar ist für die , die gern Pornos aus dem Internet in HD Qualität laden wollen.”

121 yiwu

ok.maybe i know i failed so many times.

122 Rodney

You made some great points.. Book and Street smarts are two completely different traits..

123 Money making guide

I really like your points. But The one thing which will matter the most is time. As time is money so if you invest more time in your online business more money you will earn. Most people think that they are working online so there are no boundation. But you must invest time according to time table.

sumit chhikara
webmaster, moneyvisitor.com

124 Sasha Gilberg

Insightful post Rebecca.

I appreciate #9 (you’ve never experienced failure) and this is huge. Every failure is a learning lesson, and brings you 1 step closer to your goal.

Knowing what NOT to do is just as important as knowing what to, and I recently read a book called ‘Why People Fail’ by Siimon Reynolds (highly recommended) which elaborates on what mistakes to avoid – and HOW.

Thought you may like it and get a few ideas for when you write “9 Reasons Why Your Online Business Will Fail… PART 2″

http://www.amazon.com/Why-People-Fail-Obstacles-Overcome/dp/1118106172

125 Urban Klass

This is brilliant information! I like the straight-forward points, none of this sugar-coated crap that a lot of ‘gurus’ dish out to make their customers feel good about themselves.

I noticed a couple of people didnt like this post, I personally thought it was a great addition to the rest of them!

126 Online Marketing NJ

Ok….I had to read this last article….almost 3 am and I couldnt get enough. 3, 4 are so true! Its all good but I know that these two have made a difference in my business. When I was scatterbrained and never focused I seemed to just tread water. Once I had laser target focused my productivity sky rocketed.

Trusting my team took for ever for me to do….but then one day I realized the purpose of hiring them was to relieve my workload and be more productive. Once I trusted things sky rocketed!

I would love to ad a number 10. Dont take on a customer just for the paycheck….when I began to look at every customer that approached me and thoroughly evaluate if I can truly help them with their needs thats when things changed for me even more. Why take on a client if you know you will never make them happy. Taking on clients that you know you will satisfy will grow your business exponentially faster than you can realize.

Take on clients just because its money in the bank will kill your business for sure!

Thanks for this great post!

Leo

127 joe mckean

Great list and couldn’t agree more with #7 You’re a cheap, corner-cutting bastard. You can’t be successful online without doing the hard work or hiring someone else to do it for you and cutting corners doesn’t cut it…

128 SOCIAL MEDIA NETWORKING FOR BUSINESS

Good article, but I can’t totally agree. Number 1, we all think we have something special that we bring when we go into business.I started a successful business years ago and I watched what my competition was doing used their good points and avoided their weak points. The only thing that was noticeably differant was was willing to bust my butt for the customer. I worked extra hours and carried out product for the customers myself and so did my staff. We succeeded, but also involved was luck. Lot’s of luck. On the internet. I still have that will to bust my butt, but there is no way to show that. The other points were right on. I opened that business with one foot out the door. I had failed before and believed if we lost money one month, we would prepare to close down.Today, there is no way to make money out of the shoot in this business, and one has to be prepared to wait for that return. That is it.

129 Joseph Allen Randall

I’ve written 75 documents and have watched a dozen YouTube videos on the subject of affiliate marketing. With all this knowledge I’ve learned to see the ‘common threads’ between all the information received. This article is a healthy reminder of how to be successful in business by doing the opposite of failing. Excellent I say!

- Joseph

Shoemoney 130 Laurel

IA

131 Stephen Malan

Love your writing style, straight and to the point with no BS involved.

On top of that the points in this post are spot on!

Good post, thank you for sharing it.

Previous post:

Next post: