TOP 5 “KILLER” REASONS WHY INTERNET MARKETERS FAIL ONLINE ! ( Part 2 of 5 )

The second most influential reason why internet marketers fail online is actually the same reason any form of business fail, be it online or offline.

And it’s the lack of a well though out “Business Plan“.

You might feel that it’s a bit ridiculous to start a business without proper planning and research, but you will be surprised that most internet newbies jump head first into their online ventures without giving a second thought to writing a solid Business Plan or what I prefer to call a “Master Plan Of Action“.

Like the saying goes, “If You Fail To Plan, You Plan To Fail”. Nothing can be further away from the truth.

Most beginner internet marketers try to “Fabricate” one as they move along, but this is a “Killer” mistake in my book.

Let me give you a simple scenario using a “Road Map” example, let us assume that we would like to get from Point A to Point B.

Point A is currently where we are right now, in the beginning stage of our internet marketing journey.

Point B being our ultimate goal, which can anything ranging from earning a 10K income every month to making your first One Million Dollars online in 2 years time.

Remember, the goals you set must be “Definable”, “Tangible”, “Achievable” and also “Realistic” in my personal view.

This is another common mistake made by a lot of internet marketers, most don’t have a clear and definitive picture of what they ultimately want, they simply want to be super rich.

But being “Super Rich” varies differently for different people if you get my drift.

Coming back to my example, just to make this illustration simple, let us assume that we can only chose the option of getting from Point A to Point B by walking.

If you took the time organize your schedule and resources, plan your routes beforehand, you will be setting off on your journey equipped with the knowledge of the shortest possible route to your destination, possible resting spots, possible dead-ends that can be avoided as well as time consuming longer routes that will slow you down.

The underlying theory behind this example is that with proper planning, you are effectively writing a blue-print with the ability track your progress and development as you work towards your goal.

Most internet newbies don’t bother even with the most basic planning modules essential for all internet marketing.

No matter what industry you are in, these basic building blocks include the following:

• Research and selection of A Suitable Niche Market based on their areas of interest and expertise.

• The type of business monetarization model most suitable for their niche, e.g.: Blogging, Affiliate Marketing, Info-Products etc.

• The type of Sales Funneling Methodologies that will keep the sales coming in and earn them a residual online income, e.g. : Traffic Generation, Email Marketing, Leads capturing etc.

• Timeline Goal Setting like setting a 3 month, 6 month or a one year goal to track progress and development.

• Daily and Weekly Task Schedules like Monday focusing on Driving Traffic, Tuesday focusing on Search Engine Optimization, Wednesday focusing on Article  Writing & Submission, Thursday focusing on Social Networking & Branding, Friday focusing on Website Advertisements & Promotions etc

Unfortunately, nothing can be guaranteed in life, what we can do is minimize our risk in the internet marketing arena by better equipping ourselves with a well organized and thought out Master Plan Of Action.

TOP 5 “KILLER” REASONS WHY INTERNET MARKETERS FAIL ONLINE ! ( Part 1 of 5 )

The internet marketing world has indeed made many people overnight “Millionaires” and we have heard countless success stories of internet marketers earning 5 or 6 figure incomes every month working straight out of the comfort of their homes.

However, what we don’t often heard is that in our dire pursuit of online riches, the internet marketing hype has also left “Millions” struggling to even make a single dollar online.

There are a thousand and one reasons why so many aspiring internet marketers fail online, but after much research, these can be broadly classified into a few major reasons.

And here are my top 5 “Killer” reasons why most internet marketers fail online.

It will be spread out on 5 separate posts due to its length, so stay tuned for upcoming posts.

(1) The Lack of A Correct Mindset

Having the Correct Mindset in my humble opinion is the single most important factor in determining your online success, especially in the long run if you wish to sustain a residual income.

The type of mindset you possess can make or break you in your online endeavors.

And if you do not have the correct mindset to start with, chances are, you will probably soon join the ranks of countless “Internet Wannabes” out there, if you get my drift.

Succeeding online requires you to invest both your “TIME” and “EFFORT” into the online business opportunity you chose to pursue.

Remember nothing ventured, nothing gained.

Unfortunately, I personally feel that there is too much “Hype” surrounding the notion that internet marketing is one of the fastest and easiest way to make a buck today.

Everywhere you go online, there are countless ads stating that you can make tens of thousands of dollars a week merely doing only a few hours of work and some programs doesn’t even require you to have a large capital or time investment to start with.

This gives people the idea that making money online is “Easy” and they often don’t cherish a good business opportunity when they see one.

A lot of people enter the foray of internet marketing with No Definitive Master Plan, Marketing Strategy, and Goals.

Most simply adopt what i termed as a “TRY TRY” attitude, hoping that with a little bit of “Luck”, everything might just work out for them.

This a very huge mistake!

To succeed, you must understand how much and what type of effort is necessary.

Winners do whatever it takes to succeed and are not afraid of the dreaded 4 letter word called “WORK”.

Another common misconception most aspiring would-be marketers have is that running a “Real” business requires you to have a physical office and a bunch of employees to conduct the day to day task of handling the business.

They simply don’t take their online business seriously enough as they cannot visualize the psychological aspect of an online business.

This is worsen by the fact that most successful internet marketers are being portrayed as carefree individuals working straight out of a laptop along the beaches of some holiday resort in the Bahamas.

Sometimes people only see the shining glimmer behind every successful internet marketer’s achievements.

They can only “SEE” the fancy cars, the huge pay-checks but never the blood, tears and sweat these highly successful marketers put into their online business before they finally achieved fame and fortune.

In a nutshell, for anyone to succeed online, you must first believe in your ability to succeed, take your chosen online business opportunity seriously and be willing to put in all necessary time and effort to make things work.

Remember, if you don’t treat your online business seriously enough, the results will be clearly evident, especially if you are doing it on a part time basis.

How you decide to treat your online business will directly determine how your online business treats you in return especially in the form of monetary rewards.

« Newer Posts — Older Posts »