There are very revealing statistics indicating that the numbers of people starting an online business but never succeed are very high. When we refer to people who never succeed, we refer to people who never even made a first sale on the Internet. This to some people it would definitely prove that the internet is not an option, viable and profitable for most people looking for another source of revenue alternative to a conventional 9 to 5 job.
But if we investigate in depth and compared the failure rate in the offline business development we realize that also in this area the rates are high, which means that it is not necessarily the online feature that predisposes a person and his/her business to fail, but other causes.
While it is true that failure rates in developing an online business are probably higher than offline one, it is also true that in general an offline entrepreneur invests an average of more money to start a business of what makes an entrepreneur online, so it’s easier to leave what does not cost you little or nothing to build against what you’ve invested some money, time and effort.
Besides this there appear to be other components that would explain why online entrepreneurs give up before seeing results in their businesses. One reason is that there are high expectations about the speed and magnitude of earnings that are available on the internet marketing, expectations which no doubt, have certainly been generated in large part by predatory traders who are able to promise anything as long as sell something.
But in addition the new entrepreneur usually feels alone in their adventure online, with no one to turn to answer his questions and frequently finding obstacles due to lack of information or tools to develop his business. So when doing the task of navigating to find answers to his questions, is bombarded by an endless number of great deals with “the latest and best to solve his problems and succeed online.” Unfortunately a large percentage of new traders spend a lot of money and time in different partial solutions that do not result in that first sale or sales consistency expected resulting in frustration, disappointment and capitulation.
To respond to this situation was created a few years ago Wealthy Affiliate University which is the # 1 online site where you can find together all the resources required to develop methodical and disciplined business model on the internet that suits the needs of each one but based on the support of a community of marketers who have varying degrees of business experience and can answer any questions about them, as well as the availability of various sources of information from all possible types related to Internet Marketing and a huge range of tools to develop each of the various aspects of this business model.
If you’ve been lost in the world of Internet Marketing without results or with some very inconsistent ones and have been considering abandoning your efforts to generate revenue online, before making that radical decision should take a tour through Wealthy Affiliate University so that you know everything the support they would have at your disposal in case you want to commit to succeed on the internet without turning back.
I had read about the high rates of failure among those developing an online business. And honestly it discouraged me a bit. But your post has helped me to view this in a totally different perspective. Offline entrepreneurs invests on average much more money to start a business than those entrepreneurs that start a business online. So it’s easier for those that are online to abandon their project since the investment has also been low. That definitely helps to explain the higher failure rates.