10 Reasons Why Online Entrepreneurs Fail
Many persons go online searching for business opportunities every day. This is so because jobs are hard to come by occasioned by economic uncertainties in many economies across the world. Another reason for wanting to start a business or become an online entrepreneur is the ability to be financially independent. This does not matter whether the prospective business owner is fully employed or not, many do this as a part time activity. Others do so as full time activity.
Various business models are used to make money online, chiefly Affiliate Marketing; others produce and sell their own products or services. Whatever the model used, one thing is certain only a very small percentage really make any money, the vast majority have nothing to show for their efforts. Many statistics are available to support this.
I have listed below 10 reasons why this is so and have made suggestions for improvement. Hopefully the new entrepreneur and even the existing one might learn to avoid these mistakes. Follow me closely now!