It’s now September, and 2 weeks since my eCommerce Magnates course was launched. I’m fully back on track and will do my best to make this blog as lively as possible; I’ll be publishing loads of valuable articles, how to guides and videos.
So I thought this would be a perfect time to explore why so many people fail with their online ventures?
The reason behind 99% of failures is actually a very simple one – people don’t think long term and only want immediate success! After all, humans do a lot of dumb things for short-lived, immediate pleasure and ignore the long-term consequences – smoking, unhealthy eating, not exercising etc. and this mindset is the biggest cause of failures online.
This niche will make me rich!
No, I’m afraid it won’t! No niche automatically means that you’ll succeed and become rich as a result. Even if you have discovered a new product, it will take just a few months or even weeks for others to get in on it and start competing with you. Your niche or products alone DO NOT guarantee success!
Quite often people spend months and even years trying to find that ONE, perfect niche to work in. But little do they know that it’s NOT the most important element in the overall formula for success.
Of course the niche you chose should be suitable for your buying power, with enough demand and preferably not a huge amount of competition. But the niche itself will not determine whether or not your business succeeds – it’s only one part of the puzzle.
So what does separate online successes from failures?
As simple as that…
It takes time to build a sustainable business – be it a blog, eBay store or online shop. It TAKES TIME! [Read more…]