Reasons why people fail to make money online

[adie]

1. Keep reading ebooks and keep discovering something without focusing on specific thing.
2. Registering a lot of domains and later on abandoned them because he have no time and/or discovered another domain.
3. Wanted an overnight success.
4. No perseverance and lack of focus.....

[asmodeus]

Lack of focus coupled with information overload is a huge problem online. Most people seem to be seeking the easy road to riches and don't realize that it's actually hard work earning online.

Like my daddy used to say: "it's a hard way to make an easy living!"

[john587]

I would agree with the sites thing. 1 to 3 sites is far better to handle and take care with than 20+. Having 20+ sites is just silly and is likely to be the first step to failure in this game.

[ComputerGirl]

I could agree to three points of mentioned except for the Nr.3, because if you do understand a little about Internet marketing then probably you should not wait for immediate success.

In fact, I even think that registering those many domains could be the biggest mistake, because then you even cannot understand to which of them to work ... and each of them ask for much time and attention!

[lynxus]

Too many people fall into the trap that "online success" is an easy goal.
People seem to think that anyone can create a website and make money.

The reality is,
It takes time.
You need to know what your doing ( at least technically web wise )
You also need to be original or at least find a hole in the market to exploit.

People seem to think, Wow look at facebook. Im going to make a cheap and nasty clone without the huge featurebase and userbase and become a millionaire.

it wont work.

if your going to "ripoff" another idea, At least try and do better than the others or offer something different.

People need to understand that its NOT EASY!


I get tired of seeing forums full off
" O hiya, Im thinking about making a website to make lots of money. How do i start? "

/sorta rant

[Maa]

I believe telling people to have 10 or more sites is taking people down the wrong road. I have two blogs and it is quite challenging to keep them up. I can't even imagine having 10 or more. I think it is hard to stay focused like that. I was reading this one ladies blog and she recommends you have more than one blog, but than she said she was going to hire someone to write in her blogs. I thought that was kind of crazy. I wouldn't want to have 10 or 20 blogs just to have someone else writing them for me. I really think that is how you end up having spam blogs with no quality content. You really have to be careful because when you start rolling blogs off like you are in a assembly it is hard for you to stay genuine cause now you are seeing dollars instead of readers.

[dearadesigns]

Originally Posted by Maa

I believe telling people to have 10 or more sites is taking people down the wrong road. I have two blogs and it is quite challenging to keep them up. I can't even imagine having 10 or more. I think it is hard to stay focused like that. I was reading this one ladies blog and she recommends you have more than one blog, but than she said she was going to hire someone to write in her blogs. I thought that was kind of crazy. I wouldn't want to have 10 or 20 blogs just to have someone else writing them for me. I really think that is how you end up having spam blogs with no quality content. You really have to be careful because when you start rolling blogs off like you are in a assembly it is hard for you to stay genuine cause now you are seeing dollars instead of readers.

I actually don't agree with your point of view. When hiring writers you can also get good quality content, of course it depends on who you hire, but there are excellent writers out there who will write quality content for affordable prices.
Your blogs won't turn into spam blogs as long as you just make sure that the people who are outsourcing your work are reliable outsourcers.

Although it might depend on the purporse of why you are writing in a blog. If it is a blog you write in just as a hobby, as an entretainment, and you really don't care about what is your income, then I also don't see the point on creating multiple blogs and outsourcing your work.

But, as I think most people on this forum, the main purporse why I create websites is for monetizing them , but obviously while also providing good quality content.

[devTastic]

What are some ways to avoid information overload - such as for marketing the website you've created?

[reborn]

really I agree with no.2, so many site make blogger lost their focus, it happened with me... :-)

[moneyonlinesorg]

On all the domains, it really all depends on what the intention was. If it was like real estate investment with the idea of selling them later, different story. If it was the naive idea of trying to maintain all of them with updating content on your own, different story.

With information overload, the whole key is to not stop learning, but don't freeze while learning either. You can learn and act at the same time if you budget your time properly. Simple approach is to set aside X amount of time to study, and X amount of time to PRACTICE what you're learning. Drop the perfectionism and just start doing. Not only will you learn from your study, but you'll also learn from doing as you go. It's a learning process that really does go hand in hand if managed properly.

Focus and preserverance are the biggies, in my opinion, and most times that comes from lack of passion in what we do. Without passion there is no drive. We tend to give up more quickly. Hence the reason, the people I coach and work with, I always start them out with self identification and finding the things they really love doing, THEN building something online to do that helps them make money.

Just my two cents.

[Ryzon]

One of the most common reason why people fail is that they enter the wrong market.

Many people do not conduct a proper keyword research and start to build a site or product in a niche that simply is not profitable.

Or there are also times when they start in a niche that is either saturated or has fierce competition and there is no way that newbies can compete with the big sharks right away.

[moneyonlinesorg]

Originally Posted by Ryzon

One of the most common reason why people fail is that they enter the wrong market.

Many people do not conduct a proper keyword research and start to build a site or product in a niche that simply is not profitable.

Or there are also times when they start in a niche that is either saturated or has fierce competition and there is no way that newbies can compete with the big sharks right away.

And that, to me, is another reason why they fail. Why? It's based on what I call a mecentric approach, or self centered. It stems from where can I make money online, or the most money online. That self centered focus is what kills allot of people's attempts. If you judge things from a simple metric of dollar value, it motivates all your actions. I suggest choosing a different yardstick and seeing how much more success you achieve online because of it. Anything that is not customer centric fails. Brick and mortar businesses prove that time and again. Just because our business is online it does not grant an immunity, resistance, or avoidance of the basic core business rules applying to all business endeavors. Many fail for lack or realizing that simple fact.

Successful businesses are not built from owner needs, they are built through serving customer needs. Your approach is from an owner's needs standpoint.

[AmyH]

I agree starting to many projects at one time when you're new is not a good idea, information overload, online you see lots and lots of Ebooks videos, courses and by watching them and reading you just get information overload.

But I believe the number one reason is why people fail is they just give up, they don't understand that online business is just like any other business, it takes time to grow.

From watching all the commercials about making money from home and videos people just give up when they don't make any money over night. So I think this is the number one reason why people fail.

[Zelaron]

Dedication. Most people get motivated for about a day or a week then lose motivation. They want easy money so they do not keep at it. Websites must have dedication in order to work.

[Zimmerp]

Just a few comments…

There are no fast easy ways to make money online. Anyone who says so is trying to pull the wool over your eyes!

There are however, ways to make money but they will not make you rich overnight.

That is a fact!

With lots of hard work over time – you can make money. Be warned - you must treat it like a job. Most people do not which explains why 95% who try fail…

Here are the basics.

1/Find a niche in which people spend money. If you happen to like a niche but people are not spending money - forget that niche and move on.

2/ Build an email list of people that are interested in that niche. That will take time. Most people give up after a few weeks.

3/ Your email list will become your customer base. Built trust with them and over time market related products and services to your customers.

That is how it has worked for me.

But it requires a lot of work. It is a job at needs to be treated as such…

[moneyonlinesorg]

Originally Posted by dearadesigns

I actually don't agree with your point of view. When hiring writers you can also get good quality content, of course it depends on who you hire, but there are excellent writers out there who will write quality content for affordable prices.
Your blogs won't turn into spam blogs as long as you just make sure that the people who are outsourcing your work are reliable outsourcers.

Although it might depend on the purporse of why you are writing in a blog. If it is a blog you write in just as a hobby, as an entretainment, and you really don't care about what is your income, then I also don't see the point on creating multiple blogs and outsourcing your work.

But, as I think most people on this forum, the main purporse why I create websites is for monetizing them , but obviously while also providing good quality content.

I agree deara, but that wasn't the context of my answer as the OP kind of implied it was work to be done by ONE person. If you have the option to outsource, then the answer is totally different

[adie]

In all reasons I posted above, the thing that most affected me before was, reading too many ebboks and starting too many websites....

[Sudari]

I think it's the problem is much more basic then that, lack of business sense. People just dont understand how they can make money and what with.

Being to over ambitiotious trying to be the next facebook, and charging £1 a photo upload, I had that proposal from a guy with BSc in Business Studies come up to me with that offer, he wanted me to do seo for it.

I had another business genius come up with the idea that he was going to have a website where people were just going to give him £1, he was going to have a high def video charming the visitors to part with £1, the site was supposed to go viral and he would have a million people giving him £1 each, and would be a millionaire.

Procastination is an issue, and the OP identified a procastination points, IMO these people shpuld stick to their day job, if speed of implementation is that slow, then they're going to be doing themselves a disservice trying to get into business.

For those who can put up websites and put together great content and do effective seo on it, I think lack of ideas on how to monetise websites is a big problem.

I was reading about some guy who was getting 500,000 visitors a month and only makes $600 in adsense revenue a month, and was complaing in the adsense forum, well hello, there's something not working for you, perhaps you need to get back to the drawing board and come up with better, more lucrative offers to promote.

[lynxus]

Originally Posted by Sudari

I think it's the problem is much more basic then that, lack of business sense. People just dont understand how they can make money and what with.

Being to over ambitiotious trying to be the next facebook, and charging £1 a photo upload, I had that proposal from a guy with BSc in Business Studies come up to me with that offer, he wanted me to do seo for it.

I had another business genius come up with the idea that he was going to have a website where people were just going to give him £1, he was going to have a high def video charming the visitors to part with £1, the site was supposed to go viral and he would have a million people giving him £1 each, and would be a millionaire.

Procastination is an issue, and the OP identified a procastination points, IMO these people shpuld stick to their day job, if speed of implementation is that slow, then they're going to be doing themselves a disservice trying to get into business.

For those who can put up websites and put together great content and do effective seo on it, I think lack of ideas on how to monetise websites is a big problem.

I was reading about some guy who was getting 500,000 visitors a month and only makes $600 in adsense revenue a month, and was complaing in the adsense forum, well hello, there's something not working for you, perhaps you need to get back to the drawing board and come up with better, more lucrative offers to promote.

Agreed

I think the main issue is people try to start a business based on an already saturated market that doesn't make much money to start with.

Look at all the facebook clones..
All the google clones

etc etc.

Considering even facebook have issues generating profit. How do some of these clones think they will?

All I can suggest is..
Come up with something unique or at least not in a saturated marketplace.
Make yours better!
Charge less.

Job done.
Sit back.
Earn money
Be the best.

Thats what i did/do ..

[ishuvonet]

I completely agree with all of your points to failure.I also believe two things on this issue behind our failure to make money online.One is lack of focus and second is we want rapid success which is not possible at all.