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?
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.