The Majority of Online businesses fail. Why?
There are many reasons why the majority of online businesses fail, but I believe one of the biggest culprits is the reason exposed in this video.
[Why online business fail – Video]
Online businesses fail because…
….because the market place (your online audience) is not interested in your needs. They are only interested in their own needs….their pain, their pleasure.
To ensure that your online business is not one of those who fail, you have to focus on one of two things:
- Either Ease the pain, or
- Provide the pleasure.
Your niche market shop online because like you, they WANT something. They want something to ease a specific pain or provide a specific pleasurable experience.
If your online business does not provide in one of these two, you are doomed to fail!
Online businesses fail because…
….because the online business owner focusses on his/her own needs, instead of the needs of their potential customers. (No need to say more.)
If your online business does not provide a real service or a real product, you are only there to take people’s money without giving real value in exchange…you are doomed to fail. More than that, you are a disgrace to the community. Your so called online business WILL BE outed as a SCAM and your reputation will be tarnished forever. And if justice is served, you will face legal action. Is that really what you want? Is your need for money really worth all that? Think twice before you just jump in and associate yourself with a company by becoming an affiliate, without doing your own due diligence…it is your reputation.
Online businesses fail because…
….because you and your online business have a bad reputation.
Why? Because your needs are at the forefront, and not the needs of your customers.
Find a way to serve your customers in a manner that they will feel special. Become known as someone who always provides more value than what is paid or asked for.
Always under promise and over deliver and your customers will buy, come back and bring their friends!
To your happiness, health and prosperity!
~ Will Kilian
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Tags: online business failure, start an online business, why online businesses fail
Leave A Reply (2 comments so far)
This series you are doing is not only influencing the ones watching and reading it but clearly yourself too Will. I would consider it a privilege to be able to just go on such a journey myself. Who knows my day will come too . . . I can just feel it 🙂 But for now we have the privilege of sharing your journey with you and get great lessons and value from just this. Enjoy it friend and congratulations on this great endeavor.
Thank you for your kind words Francois. I cannot recommend this journey highly enough. It is tough at times, make no mistake, but you are right…I get a lot of value from it…I trust the viewers and readers do too.