Seven Reasons Why People Fail in Online Business

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You want to know why people start an online and before you know it they have given up? Do you want to know what is responsible so you avoid it? I am here to help you out.

There is no guarantee that when you start an online business you may not experience failure. Any online coach that tells you that just want to eat your coaching fee. For every story, you hear of someone making $20,000 a month in online business there are hundreds of untold stories of those who failed to make a profit or only made a few cent and quit.

Why do some people fail in their online business? I will share with you 7 reasons:

  1. Failure to Plan

One reason why people fail in their online business is that they fail to plan how they intend to succeed in the business. Planning when it comes to business is not only needed when starting an offline business. No matter what type business you want to run, you need to plan with well-defined goals. Most people just see online business as a get rich quick scheme and don’t bother planning for it.

Every business needs a plan as well as every online business. Not knowing where you are going with your online business will eventually lead you nowhere. What do you want to achieve? How do you intend to achieve it? What are your short and long term goals?

  1. Lack of Commitment

To be successful in your online business, it needs absolute commitment. Behind every great success stories you hear about online millionaires, there are hours of work and dedication.

Nothing comes that easy. You will need to be committed to your online business if you want to succeed. You will be waking up early and sleeping late at the early stage of your online business if you must succeed. It is a normal routine in the online business world.

  1. Wrong Niche

This is one big reason why so many fail in their online business. When someone is running an online business in the wrong niche, there is a big room for failure. How did they enter the wrong niche?

It may be because they hear so many success stories of people making money from that niche and they are tempted to dive into it thinking they will also achieve the same amount of success.

Someone once said, “It does not matter how fast you are moving if you are moving in the wrong direction”. That’s it looks like when you are in the wrong niche hoping that one day things will turn out good.

  1. Lack of Patience

Another reason why people fail in their online business is that they lack patience in their online business and so expect to start making money from their first month.

They focus on the short-term, not the long-term.

Listen, if you want to build anything that’s meaningful, anything that is a success in your life, whether it’s a business or anything, it takes time. It’s not going to happen overnight. You have to be patient, you have to trust the process.

I have not heard of anyone that just start an online business and then all of a sudden, they are a success. It doesn’t happen that way. Most people fail, most people go through setbacks along the way, but because they are focused on the long term, they are patient.

You may not start making tonnes of money within the first six months of your starting of an online business but as the month progresses you will begin to see changes in income generation. How long it will take you to start making money online depends on hard work and nature of your online business.

  1. Not Self-disciplined

Becoming a successful online entrepreneur requires that you be self-discipline. The idea of watching TV for 2 straight hours, going to party, chatting with friends online when you have an unfinished business to do will not help you at all.

You must be discipline on how you spend your time. Self-discipline and hard work is always the key to success.

  1. Lack of Confident in Themselves

I keep telling people that if they don’t believe they will succeed in this online game, I can’t do that for them. The truth remains that you can’t be successful if you don’t believe in yourself.

If you’re uncertain, if you have doubt, then you’re going to do a little bit here and there, you are not going to fully commit yourself to the business because you are doing it with doubt. You have to have confidence and belief in the business, in the opportunity, in the process.

If you don’t believe that the business you are doing now will give you that success that you ever wish for, you won’t make is. The bitter truth!

  1. They try to do Things on their Own

Trying to do things on your own is so stupid. I remember I spent years trying to build my online business by reading every blog post that displays on Google search engine whenever I type in something I am looking for.

I was so stupid that I didn’t realise that I have to find someone who is good at the kind of online business I am into to coach me on it. I did not realise that I have to invest in a training program that can make everything easy for me.

It took me a long time before I realised that because I was too stuck in the mentality of, “Oh I can just figure it out on my own”.I was afraid to invest money to get me to where I was going to.

Immediately I realised my wrong, I quickly went for a coaching program that changed my life and gave my business a 360 degree turn around. My business skyrocket, my profit went up and I was making good money monthly.

Conclusion

Running an online business is not a bed of roses, it involves hard work. The reason MeritChoice exist is to make this process simple and understandable for newbie online entrepreneurs. I am not writing this to brag but to help other people because I believe that there are still people like I was who needs help and guidance to succeed online.

Take action now and join my community where I help success driven individuals become a successful online entrepreneur. It is a FREE class.

Here is the link to join

http://bit.ly/2mmset

To Your Success

Mukaila Ahmed