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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
July 22, 2009 at 8:47 am
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.
July 22, 2009 at 8:51 am
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.
July 22, 2009 at 9:00 am
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
July 23, 2009 at 4:13 am
yha right its not hard. you just have to understand that you can do everything yourself. just think, try it and go with passion.
July 22, 2009 at 9:10 am
This will become a timeless article for businessmen. I just want to add to the list … “you easily quit”.
July 22, 2009 at 10:30 am
Yeah agreed, I will bookmark this page just to remind me it’s not that simple doing business without any discipline
July 22, 2009 at 9:18 am
This kinds goes well with the “10 Reasons Nobody Uses Your Web App” post on my blog.
Good post BTW.
July 22, 2009 at 9:26 am
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..!!
July 22, 2009 at 9:43 am
Rebecca wrote this one
I have changed the post avatars so its less confusing (as if the perfect grammar did not give it away)
July 22, 2009 at 10:00 am
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
July 22, 2009 at 11:29 am
My pleasure! Glad you liked it.
July 22, 2009 at 9:27 am
Great Article!
July 22, 2009 at 9:29 am
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.
July 22, 2009 at 11:26 am
Ooh, great point. Some people think you can sell anything online, and that’s definitely not necessarily the case.
July 23, 2009 at 4:08 am
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.
July 23, 2009 at 8:14 pm
Definitely the truth.
July 22, 2009 at 9:33 am
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’. (:
July 22, 2009 at 9:34 am
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!
July 22, 2009 at 10:27 am
wow a 500% increase? Never happen in my life, could you share with us Brad?
Thanks
July 22, 2009 at 9:38 am
good list, very true
July 22, 2009 at 9:38 am
Great post, I really need to start picking up the pace with my own businesses. Definitely bookmarking this
July 22, 2009 at 9:41 am
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.
August 3, 2009 at 8:56 pm
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.
July 22, 2009 at 10:01 am
Perfect.
July 22, 2009 at 10:10 am
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!
July 22, 2009 at 10:11 am
I was a 1,3 and 7 and it created so many failures early in my IM career. Great and truthful.
July 22, 2009 at 10:11 am
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.
July 23, 2009 at 4:04 am
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.
July 26, 2009 at 4:03 am
Certainly this one is very much true and I think that differeniate a successful person and failure.
Well said Canada.
July 22, 2009 at 10:17 am
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.
July 22, 2009 at 10:46 am
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.
July 22, 2009 at 11:02 am
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
July 22, 2009 at 10:26 am
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
July 22, 2009 at 12:17 pm
what the hell are you talking about dude ??
July 22, 2009 at 12:59 pm
Rick did you even read the post?
July 23, 2009 at 8:11 pm
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.
July 22, 2009 at 11:55 am
ya i agree with every single point…especially the last one.We become better with each failure.
July 22, 2009 at 12:00 pm
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.
July 22, 2009 at 12:53 pm
thats all close enough true for me, lol, just a new beginner with free blog without having a domain and hosting itself.
July 22, 2009 at 12:57 pm
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.
July 22, 2009 at 1:24 pm
Outstanding! Bravo! Bravo! Bravo! I feel like you’ve stolen all my little secrets that only I knew. Well done!
July 22, 2009 at 1:33 pm
Everyone need that suggestion,to be consistent and full of faith! Real treatment like any other job throughout building strategic bussiness plan!
July 22, 2009 at 1:56 pm
These are timeless tips and advice.
July 26, 2009 at 4:00 am
Yeah and this always work because these are the pillar of success.
July 22, 2009 at 1:57 pm
Interesting facts. Whenever you will talk about all these point with a failure, he will think you are a great astrologer
July 22, 2009 at 2:32 pm
“…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
July 22, 2009 at 2:53 pm
Thanks Rebbecca for post, it really helpful
July 22, 2009 at 2:58 pm
Thanks for the tips they will help me out as my quest to make Stocks on Wall Street successful continues
July 22, 2009 at 3:19 pm
I LOVE posts like this! Nice one, Rebecca. Sort of puts everyone reading it back “in check”.
July 22, 2009 at 3:22 pm
Cool stuff there. Well there are many more reasons but the most important ones have been covered by you.
July 22, 2009 at 3:38 pm
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.
July 23, 2009 at 4:00 am
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.
July 23, 2009 at 8:32 am
I agree with what you are saying Lynette. Patience is the KEY to success as far as online Business is concerned.
July 24, 2009 at 1:54 pm
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.
July 22, 2009 at 4:13 pm
the 4th point: i even dont have any team, i’m a single fighter…what a poor me!
July 23, 2009 at 3:46 am
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.
August 4, 2009 at 8:32 am
Correct on that!
July 22, 2009 at 4:18 pm
You forgot procrastination. Wait, maybe that falls under no. 2.
July 22, 2009 at 4:47 pm
I think most of those points refer to me!
I need to up my game!
July 22, 2009 at 4:53 pm
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.
July 22, 2009 at 6:05 pm
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
July 23, 2009 at 2:47 pm
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.
July 23, 2009 at 8:17 pm
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.
July 22, 2009 at 6:07 pm
It is a fact, you’re completly right
Good luck to all
July 22, 2009 at 7:15 pm
It’s very true – people think it’s just easy – but it isn’t!
July 22, 2009 at 9:10 pm
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.
July 23, 2009 at 3:55 am
“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.”
July 23, 2009 at 8:07 pm
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. 
July 23, 2009 at 12:41 am
I’m sure some one will love it…
July 23, 2009 at 1:30 am
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? =)
July 23, 2009 at 3:43 am
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.
July 23, 2009 at 10:29 am
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
August 3, 2009 at 8:54 pm
Funny ZK:) and agreed
July 23, 2009 at 2:39 pm
Failure is an experience
July 23, 2009 at 1:40 am
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
July 23, 2009 at 2:38 pm
Or they could hire a company spokesperson etc and get them to do the same job?
July 23, 2009 at 2:48 am
yes, you have right and in my point of view I think that the point 9 is the most important
July 23, 2009 at 3:24 am
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!
July 23, 2009 at 3:32 am
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.
July 23, 2009 at 10:01 am
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.
July 23, 2009 at 8:05 pm
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.
July 24, 2009 at 12:29 pm
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.
July 24, 2009 at 1:59 pm
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.
July 26, 2009 at 3:58 am
I am glad that we have similar opinion and thoughts.
July 23, 2009 at 5:16 am
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.
July 23, 2009 at 7:12 am
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.
July 23, 2009 at 7:45 am
Totally agreed, business especially online all points are correct.
July 23, 2009 at 9:55 am
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.
July 23, 2009 at 11:22 am
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.
Wesley Craig Green
The Geek Entrepreneur
July 23, 2009 at 11:49 am
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.
July 23, 2009 at 1:51 pm
Hmm it is all true
July 23, 2009 at 3:17 pm
Great post! … totally agree with your 9 reasons. Few things I need to fix myself. Thanks for the motivation.
July 23, 2009 at 8:04 pm
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.
July 23, 2009 at 9:08 pm
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……
July 24, 2009 at 5:11 am
L.A.Z.Y = Fail = Disappoinment
July 24, 2009 at 12:08 am
Additional reason:
for practicality, if you don’t have enough funds of course and you’re compromising quality
July 24, 2009 at 1:00 am
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
July 28, 2009 at 3:03 pm
Or perhaps the ability to control spam.
July 24, 2009 at 8:31 am
great post. thank you for these tips.
July 24, 2009 at 12:26 pm
I really liked your last point.
July 24, 2009 at 12:53 pm
My formula for success in any venture is very simple.Keep trying until you perfect it.
It usually works
July 24, 2009 at 4:26 pm
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!
July 24, 2009 at 10:33 pm
Hey! Thanks for the excellent post. I would like to take a copy of it.
July 24, 2009 at 11:19 pm
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
July 25, 2009 at 4:36 am
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.
July 25, 2009 at 7:50 am
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.
July 26, 2009 at 2:21 am
hey, this is really bad but truth, i really need some luck to get started!
July 26, 2009 at 7:15 am
What about “it’s the economy, stupid”?
July 26, 2009 at 7:29 pm
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.
July 27, 2009 at 8:58 am
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.
July 28, 2009 at 8:25 am
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.
July 28, 2009 at 6:25 pm
Nice post. College=fail in the streetsmarts dept.
July 29, 2009 at 5:10 am
Great Article!
July 29, 2009 at 7:51 am
but if you work well , your online business can be really successful
July 31, 2009 at 12:52 am
Thank’s for the tips Shoe
From now i must try this
August 3, 2009 at 10:13 am
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.
August 3, 2009 at 10:13 am
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
August 3, 2009 at 1:21 pm
June 26, 2010 at 8:26 pm
I think this is the Blog that i have to bookmarked, many thanks !