Why is this not working? I’m doing everything they say! Now what do I do?
Does this sound familiar? Are you tired of banging your head against the wall because nothing is working for you? Well, there may be some very good reasons. Let me explain why people fail to make money online.
First and foremost, don’t feel like you’re the only one who’s ever felt this way. I’m pretty sure we all have in the beginning. If there’s one thing you should know as an entrepreneur, it’s that some of the most successful names you know didn’t succeed until they’ve had a few failures. So you’re not alone by any means.
If you click on the picture below, an infographic will show you many successful entrepreneurs who failed time and time again before succeeding.
If you would like to know where I found the best chances at success, click here!
So Why Do People Fail To Make Money Online?
Most of the time we fail because of our:
- Actions (or lack thereof).
I know, it’s not nice to hear, but unfortunately, it’s true. Please let me explain.
Let’s say you’ve come up with an awesome idea to market. And it’s a great idea, but it’s not making you any money. So you move on to your next idea, then the next. But they all seem to fail. Why?
Because you’ve made the assumption that it’s easy. Or you don’t have the correct attitude from the start. And without the correct attitude, you fail to take the correct actions.
In this article, I want to talk about these three main areas of why people fail to make money online, and then show you how to correct it.
1. Assumptions – Are You Being Unrealistic?
As a budding entrepreneur, you get excited about all the opportunities you see online to make money. The only problem is that a large percentage of these so-called opportunities are frauds or scams.
Unfortunately, the videos that precede the “buy now” button can be so convincing, or the reported testimonials are so incredible, that people fall for it time and time again. That’s because the scam artist knows if you’re looking at this ad, to begin with, you’re needing a way to make money. And the thought of making money with little effort is too tempting.
The assumption here is that you may think there are ways to make fast money. That you truly can make money overnight if you just buy their system. When the system fails you, you fall prey to “Shiny Object Syndrome“. This new system has to work, right? But alas, it doesn’t. People have lost thousands and thousands of dollars in search of the promising “get-rich-quick” scheme.
I understand your desire to escape the rat race of 9-5. Who wouldn’t prefer a passive income to have more time with family or travel? I get it. But it won’t happen overnight.
The first thing you need to do before starting any online business is:
- Don’t listen to the lies – no matter how convincing these ads are, you have to realize how unrealistic they are. Just like you couldn’t lose 30 lbs in 5 days, you can’t make $32,587 in a week.
- Adjust your expectations – realize that there’s no such thing as getting rich overnight. There’s no way you can earn a lot of money in such a short time span. Any successful entrepreneur will tell you it takes time, effort, and dedication.
2. Attitudes – Do You Know What It Takes?
Are you serious about starting an online business? If you are, then treat it as a business. Not a hobby! Any business, whether online or off, must be taken seriously. Can you imagine spending money on a brick and mortar business, and only working when you felt like it? It would close down in no time.
It’s the same with an online business. If you want to make money online, your business requires attention on a daily basis to get it up and running. The one way search engines like Google will rank you high enough to be seen in the search results, is to consistently add content.
Be willing to take the time to learn new skills which will enhance your business. The internet world changes frequently, and you must learn to adapt to these changes if you are to succeed.
Another important step towards having the right attitude is determining your “why”. If you have a strong enough reason for why you want to have your business, you can overcome almost anything. For me, it’s to create a passive income for our retirement. What is your why?
John Chow explains this very well in this video:
So how can you change your attitude?
- Take your business seriously – if you’re hoping to earn an income from this business, give it the attention it needs.
- Be willing to learn new skills – stay informed of any techniques you haven’t used yet. If one strategy isn’t working for you, then try another. Learn to adapt!
- Determine your “why” – this will help you stay motivated and overcome all obstacles.
3. Actions – Have You Properly Prepared?
If you want to start a new business, you’ve probably spent time thinking and reading about the possibilities. Hopefully, you’ve taken the time to learn what it takes to succeed online.
There are many steps to undertake to become successful. From building your website to writing content. From creating your logo to creating videos. Without effectively doing things like this on a timely schedule, your business will most likely fail and you won’t make any money online. You need to invest your time and consistency.
Do you have previous online experience? If not, you need to learn all these new skills to perform them properly. Lack of education is the biggest reason why people fail to make money online.
There are many places online to learn these skills. But like online scams, there is also a lot of bad or misinformation out there. You need to do extensive research to find legitimate training.
Along with current, up to date training, you need the correct tools to help you along the way. Have you ever heard of keywords? This is how the search engines find your information. A keyword research tool is one of the most important tools an online marketer needs.
To make money online, you need to:
- Invest the necessary time – now that you know this isn’t going to happen overnight, be willing to put into it what’s needed to succeed.
- Obtain the proper education – like anything in life, you need to learn before you do. Just like an engineer needs a university education before looking for a job, you need an online marketing education before you can succeed.
- Have access to necessary tools – a keyword research tool is a must, along with other time-saving tools to increase your productivity.
Advice From An Online Marketer
Now that you understand the three main pitfalls standing in your way, I’d like to show you how you can avoid them and have the best chance of succeeding.
I was that person who had to learn the hard way. I had hoped to bypass much work by buying into a system that claimed they did a lot of the work for me already. All I had to do was plug into it, and start earning. Well, guess what. It didn’t work. It turned out I needed to do quite a lot of work, including tasks I knew nothing about. They told me what to do, but not how.
You can imagine what happened next. I quit. I was overwhelmed and frustrated, so I just quit everything. For several years to be exact. Then I tried again, but this time found a platform that, unlike anywhere else online, provided what they promised and more.
What if I told you that you could earn while you learn? That’s right. You can start earning while you are learning all these new skills. Even better than going to college, right? You don’t have to wait to start your new job.
This platform, called Wealthy Affiliate, is an all in one platform. No need to have your training in one place, a website hosted in another, your keyword research tool in a third, etc. Everything you could ever need is all under one roof.
They provide easy to follow, in-depth training that’s continually updated. They build your website for you and host it as well. And they have a powerful keyword research tool among other time-saving features.
One of the most needed resources for newcomers is support. Wealthy Affiliate has the largest, active, LIVE community online. Answers to questions come almost immediately. With over one million members globally, there’s always someone online.
Because their focus is on helping members become successful, they offer a free membership with two free websites. And if you see the benefits of becoming a premium member, it only costs $49 per month or $359 annually. That’s 40% off right there, for everything! No other platform or system online comes close to this. Please believe me. I’ve looked.
I have done a price comparison for you of other, comparable products to Wealthy Affiliate.
If you’d like to read a thorough review, please click the picture below.
People fail to make money online because of so many reasons. I’ve outlined the three main reasons and how you can overcome them. Are you ready to make an income online? It’s within reach. And it’s easier than you think.
Have you tried but failed to make money online? Please tell me about it in the comments below. I’d love to hear from you.
18 thoughts on “3 Reasons Why People Fail To Make Money Online”
Hello Suzanne, wow this was so informative. I so agree that becoming successful means we have to stay focused and persistant. Without those traits and hard work nothing does happen. And I so agree WA is a fabulous place to learn how to put a business together. Great article.
in peace and gratitude, ariel
Thanks so much for your comments. Hard work and persistence definitely pay off!
And yes, Wealthy Affiliate is the place to be if you want success. I love the way they are honest with you and don’t make promises they can’t keep. It’s all up to us if we succeed or not.
They have been invaluable to me and my success.
Thanks for sharing your thoughts on this subject with a great presentation, Suzanne. I particularly enjoyed your using your own experiences of “learning the hard way.”
Thanks Tanya, I glad you enjoyed my article.
Yes, I did learn the hard way, haha. That’s why I’m so passionate about helping people avoid that frustration. It’s such a waste of time and money. If I can get them pointed to the best place right off the bat, it will be so much easier for them.
Excellent points you have raised here Suzanne and you are so right.
When we work online there is a very strong need for discipline in order to succeed.
There are set steps to take and if you take them you will succeed, its a matter of following the rules and DOING step by step – without missing a beat.
The one thing is – you need to know who to learn from! That’s why Wealthy Affiliate is so great! The best place to be if you ask me!
I totally agree about being disciplined. That’s why my daily schedule is so important for me to stay on track.
And yes, Wealthy Affiliate has been the reason for my success. They make it so easy for newcomers to learn. Everything is broken down, step by step. No need to worry about not doing something at the appropriate time.
There are so many success stories within Wealthy Affiliate. I couldn’t imagine being anywhere else.
For this post, it’s spot on! We need to have the right assumptions, attitude and actions. We also need to be consistent with them.
Great motivation, I’ll get back to work now!
Thanks for your comment. You’re right. We need consistency to become successful. If we were to post 2 or 3 blogs at once, then do nothing for a couple of months, our ranking would inevitably go down.
That, and our motivation wouldn’t be there. It’s too easy to get distracted by other things. For myself, I have to keep a daily schedule to remain consistent. It’s hard at first, but then just becomes habit.
Very good post, Suzanne!
All a person has to do is to look at the “Comparable Asset Costs” graph that you put on this post to see that Wealthy Affiliate is a no-brainer! That $49 per month is if you pay it monthly but when you join you have the option to go yearly, which makes it even cheaper. And if you buy it on Black Friday it becomes about half that much per month!
Kyle and Carson have such an awesome thing going on at WA! If a person can’t make it online at Wealthy Affiliate, well, they just can’t make it online!
It’s like you said above, though, it still takes a lot of hard work and realistic expectations!
Awesome post, Suzanne! Thanks for the info and the encouragement!
Wealthy Affiliate prices are definitely the best you’ll find online. No one can touch it. They deliver what they promise and give you the best chance at success. They outline what you can reasonably expect, and help you build a solid foundation.
Their training modules show you all the proper actions to take, one at a time. And the best thing is you earn while you learn! It’s a lot of work, but easy to follow and enjoyable. I’m glad your part of the team!
Great informative and useful article. I am doing everything you said and much more so I think I am on the right track. I agree the Wealthy Affiliate has the best training, support and community on the planet. Prices are amazing. You should compare AWOL to WA and people will really see a difference.
So happy you’re with Wealthy Affiliate. They have awesome step by step training to help you build the foundation you need. Just don’t get distracted by those “shiny objects”, lol. And thanks for the tip… I’ll do a new review on AWOL soon!
Wow, nice dig Suzanne. I am into online business and your article has inspired me a lot. Especially on the three ingredients to successful online business, which you mentioned as “assumption, attitude and action”. It’s true, most people fail because of wrong assumptions and attitudes. We usually fail online because we think this is a get rich quick process.
Thank you so much for tips, I have bookmarked your website, I will be visiting frequently for more advice because I want to take online business seriously.
I’m so happy I inspired you! I hope these three points can help you towards success. The important thing to remember is to build your foundation before jumping ahead. Learn each step well, before moving onto the next one. What may seem overwhelming now will all fall into place soon. And be careful not to get drawn into everything you read online. There are so many distractions out there, lol.
Very informative article. This article should help so many as you really cover so much here.
I am glad I ran across your site. I love the embedded video so much.
Thanks for this powerful write-up… I am sure I’ll be coming back here for more tips.
Hi Maun, and thank you for your comment. I so pleased you found it helpful. Yes, please return whenever you can. I am continually adding new content in hopes of helping people change their lives by starting their own business. If you have any questions, please let me know.
Hey Suzanne! Loved your post. I’ve been commenting on several other posts with a similar subject matter, and yours is the best I have seen so far. I am bookmarking it and will use it as a reference point for my short-term plans in affiliate marketing here at the WA. I am very close to finishing the Online Entrepreneur Certification course. Once I do that, my next goal is to begin the Affiliate Bootcamp and apply all I have learned over these past months to monetize my online efforts. Your website will be a great source of information. Tks and great work!!
Thank you Luis, for your kind words.
I so pleased you’ve joined Wealthy Affiliate and are enjoying the training. The Bootcamp training is excellent as well.
The training here will give you your best chance at success. It keeps you motivated and on track. I can’t wait to see what you do next.
Wishing you great success,