I read a statistic recently that said 90 percent of new online businesses failed in the first four months.
Four months! The reasons for this you may ask?
There are many.
Having been through the journey myself recently, so I’ve rounded off 10 main reasons your online business failed. I’ve seen people fail at starting their own online business, be it e-commerce, blog, business websites, online services site and lots more.
Wait, Just Before You Continue Reading, This is FREE and IMPORTANT!
If you are really serious about making money online or increasing your sales then there are some important strategies and tools you need to know about that will make you a lot of money online or increase your sales faster.
We will like to give you access to our FREE 14 Days Digital Marketing Training (every day, we will email you the training lesson for 14 days)
You may be wondering why I am giving you this resources and information for FREE, well it's because we are really interested in your success.
We believe that if you enjoyed and learnt a lot from the FREE 14 Days Digital Marketing Training (Email Series), then you would upgrade to our paid and physical classroom digital marketing course for hands-on practical and implementation training with 1 year support, coaching and mentoring.
Enter your correct details below to get access to the Free 14 Days Digital Marketing Training (ensure your email address is correct and active because we will email you an email to confirm your email before we give you access to your first training lesson and every day for the next 14 days - in addition we included a special gift worth ₦85,000 with the email)):
You talk about how much you want to start your own business with your family or friends, but you never really commit to getting started.
You keep waiting for the ‘right time’ or continue to ‘think about it’ without ever getting started.
You keep talking about getting a digital marketing training but never do.
You finally get started but you didn’t plan well enough for the financial, emotional, mental and physical implications.
You didn’t save enough money, you didn’t do enough research, you didn’t get good coaching advice or you got trained by people with little or no experience in digital marketing.
As a result, you run out of money and ideas very quickly with no plan of how to get yourself back on track.
You simply don’t take enough (or any) action. Or if you do, because you’re new at business your actions aren’t properly aligned to your business so you waste a lot of time.
You attempt to grow your following on Facebook and Instagram but instead of being tactful and use the right strategy you spend entire days browsing aimlessly.
So when you do get yourself all set up with your new website, Facebook page and business cards you’ll be completely baffled as to why new customers aren’t queuing up out the door.
You have no idea about content marketing, SEO or sales, so as much as you are fantastic at what you do, you can’t sell yourself, so you get very little business.
5. Business plan; you don’t have one. Or even if you do, you’ve just made it up with no real idea about how to generate the numbers or how to hit any of your targets.
You keep yourself hidden behind the curtains (i.e. your laptop) as opposed to being as visible as possible.
You try to do it all on your own, without the support of others.
You decide not to enlist the help of professionals or get professional training and instead try to figure out everything on your own.
You spend hours each week on non-money making tasks, such as fixing annoying tech issues with your website or mailing list.
You end up scared, overwhelmed and lost, and frustrated at your lack of results. You realise there is a long road ahead that you aren’t prepared for.
The number 1 reason I see people fail at their new online business: Social media can be dangerous for motivation, especially if it makes you feel negative about your own situation. Looking at what everyone else is doing and getting overwhelmed by their results can spell new online business disaster.
Comparison crushes your creativity and feeds self-doubt, worry and concern.
Concern that you’re not good enough, smart enough, young enough, old enough, not ‘liked’ enough, not earning enough or that there’s something wrong with you, in general, can really knock your confidence.
I faced this challenge a lot in my first year — looking at other people and comparing myself their success.
I’m a member of a number of entrepreneurial Facebook groups where celebrating your success is encouraged.
Success (apparently) breeds success, but what I found is that when you’re looking at other people’s skyrocketing results day after day, it can leave you feeling down and deflated, certainly NOT motivated, if you’re not getting those same results.
Decide to do it and commit to doing it.
Save as much money as you can and do your research.
What software will you need?
What professional digital marketing training will you attend? (Click here to find out). Connect with other entrepreneurs and ask them for advice.
What worked for them and what didn’t when they first got started? Our digital marketing community is aimed networking with other digital marketing professionals to address and resolve your marketing issues. Click here to register for our training and be part of our digital marketing community.
Take consistent action that is aligned with your business. Answer the following questions below and you’re good to go.
Use social media with intent, don’t just aimlessly browse. Get on there, do what you need to do, then get off.
Staying off social media allows you to focus on your own creativity and progress, as opposed to being distracted by what other people are doing.
Get clear on who SPECIFICALLY you want to help.
Tailor your website, Facebook page and any other form of marketing to reflect the ideal client you are trying to attract. You may have the ability to help a wide range of people, but this muddles your message and confuses people as to what you do.
Choose your speciality, research it and promote yourself accordingly.
Chances are your marketing and promotions will start to attract clients to you, so it’s essential you can assist them through the process of actually signing up. Sales are matching their problem with a solution. Your solution.
Ask yourself the following questions below;
Online purchase conversion rates are typically 1%… you do the math and add up the required numbers to hit your targets.
Be as visible as possible, daily, either using images of yourself or videos are even better. People connect with images and video content far more than they do with written text.
Yes, creating an online business requires you to be visible – no negotiation.
Seek professional advice and support with anything you are struggling with.
Sometimes money can be tight when you’re in your first year of business, so in that case shop around.
You don’t have to pay for the biggest best latest guru coach on the market.
Just get started with some sort of support and upgrade things as you can afford to.
The internet is saturated with online entrepreneurs. Protect yourself from overwhelm and simply don’t look too much at what other people are saying and doing.
Sure, it helps to get ideas and see what works and what doesn’t. But avoid getting caught up in the hype of others peoples success and results. Everyone is on their own path, stay focused on your own journey and keep yourself moving forward step by step.
Social media can be very invasive, turn off notifications or leave groups that don’t make you feel good about your situation. When it comes to comparing your progress to that of others, I’ve come to learn this that what they say they are making in their business sounds better than what it is. Not many tell you how much they’ve spent in a month, for example.
So if you’re looking at other people’s results and freaking out that you’re not there yet – relax. It’s possible that what you’re reading isn’t entirely true.
However, credit must be given where it’s due.
There are people out there that are streaking ahead – chances are, it’s taken a lot more time than they let on to get there, they’ve invested a decent amount of money into professional digital marketing training AND they’ve worked for it.
They’ve applied themselves, promoted themselves, given away a lot of free stuff, been knocked down and got back up or failed at several other things before they finally got it right.
Being an entrepreneur is tough, mentally and emotionally, especially when the results in the first year are often inconsistent.
But you can do it. Learn from your mistakes, try new approaches, and most importantly keep showing up.
Sometimes obstacles can slow your progress (sometimes a whole lot at once can really throw you off track) but you’ve just got to deal with each one as it arises, keep coming back and showing up.
You can do it. You can make your new online business a success.
If you are thinking of starting your own online business or you already have an online business and want to know how to drive results for your new online business, register for our digital marketing training. (Click here to register).
Finally, you have found the ONLY step-by-step Digital Marketing Training Course where you will get 90% practical and 10% theoretical training on how to increase your sales and make money online.
We not leave you to do it on your own but give you 1 year support, coaching, and mentorship from experts with both local and international experience.
You will earn 6 globally recognised digital marketing certifications that will allow you work anywhere in the world.
Our #1 goal is our student success.
That you will actually learn and implement what we teach you and most importantly you will get results from what we teach you if you implement or you get 100% of your money back if you can prove to us that you implemented consistently what you learnt from us for at least 3 months and have used our resources and support we have made avaliable to you.
(Plus we would also go as far as giving you $100 of our own cash extra with your refund, just to say "sorry for wasting your time if you do not succeed after putting so much effort into implementing what we have taught you").
We're confident in our course because it been tested by over 2,438 people in various countries with 96.7% business and career success rate!
Really, the course is geared to pay for itself. Your next job or clients will pay for this in a single month or 2.
We expect everyone to get at least 10x returns from this in their first year. These skills will serve you profitably for many years to come.
Here is what we mean:
After the course, you have many options with unlimited earning potentials with no location barrier. You will make back your investment on this course as far as you are ready to take action.
We guarantee you will get GREAT RESULTS if you are committed to implementing what you will learn from us and use the resources and support we provide to ensure you succeed.
Our course is not for you if you are looking for overnight success or looking for miracle without putting the effort to implement (anyone that promise you success without implementing is a scam).
CAN'T YOU SEE WE ARE ALL IN FOR YOUR SUCCESS!
You’ve heard others give the tired old line of “we only succeed when you succeed.” With this guarantee, we have taken our commitment to your success one step further. Because not only do we only succeed when you succeed but if you FAIL, it will cost us money (your refund plus $100).
So we have hardwired into this program a HUGE incentive for us to help and ensure YOU succeed.
We are not going to let you fail! We are going to support you all the way to Mission Accomplished!