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Top Reasons Why Most Online Business Fail

Posted on : 10-03-2010 | By : stargaterich | In : Internet_Marketing

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One of the reasons why many people failed and quit online business is due to lack of awareness of the scope of work involve. Contrary to what some of you may have heard from Internet Marketing Gurus selling the idea about not having to lift a finger to earn income, online marketing actually involves a great deal work.

Of course that does not imply there aren’t any Internet millionaires around who are able to reap huge profit from their online business without having to spend tons of hours in the business. However, what many people overlook is that most of the successful Internet entrepreneurs started with tremendous efforts and commitments to bring up their online business.

A high number of people failed and give up on Internet business because they have wrong mindset. Some people treat it as hobby rather than real business. You are your own boss so to speak so you need to have discipline, determination, focus and passion to carry it through if you were to succeed in your online business.

It is easy to become complacent and procrastinate when it comes to dealing with online business. This behavior is further compounded by the fact that it is very affordable to start your own Internet business thus there is less pain involve should the business fail to take off.

It is not surprising that some people deliver excellent results when they work under duress stress but their productivity drops when they are not given any time line to complete their work. There’s a saying that human by nature is lazy and I guess it might be true in certain sense.

Just think of it for a minute. If you work for an organization whereby you do not need to be accountable for your deliverable and you have no one to report to, would you be due diligent enough in wanting to complete tasks assign to you? I guess more than often most probably not.

When you run you your own Internet business, you are practically at your own liberty to decide which, how and when a particular task should be completed. You are your own boss. Have you ever give a thought what sort of boss you wish to become or what boss you are?

After all there is no one breathing down your neck to ensure you do your work diligently and that tasks you assigned to yourself are completed in time and of good quality. It is important for you as your own boss to set up committed timeline to accomplish tasks and make sure it is achieve. For instance, set up goals such as complete article writing and submitting articles within 30 minutes time and so forth.

In summary, it is important for you to have the right mindset if you are to succeed in online business. Business conducted through Internet is no different from normal brick and mortar business.

You need to invest time, focus and efforts to make your online business become profitable. Being your own boss means taking actions and be responsible for all the various aspect of your online business.

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