The vast majority of people who start their own online business are destined for failure. This is the harsh reality which you can avoid if you avoid the most common reasons for this failure.
1. Low Barrier to Entry
The ease with which you can set up an online business is itself one of the reasons for the common experience of failure with an online business.
When you are starting an online business you can create a blog or website for free within half an hour. It is this very low barrier to entry which ensures a massive failure rate.
If you are starting up an off line business you will need to raise capital, draw up a business plan and any financier will compel you to think through your plan carefully be asking you searching questions.
So the low barrier to entry is itself a blessing and a curse.
The takeaway point is to firstly think through how you intend structuring your business and this applies equally whether it is online or off line.
Take your time, carry out your research and draw up a step by step plan which you need to execute fearlessly and without distraction.
2. Warrior Forum
The Warrior Forum is a forum set up and aimed at affiliate marketing and the owners of all sorts of online businesses.
People who have bought the dream.
However many people fail because they spend too much time on this forum and buy too many “get rich quick” reports and books in the special offer section of the forum.
There is plenty of good information on the Warrior forum.
But there is also an enormous amount of rubbish aimed at new internet marketers. If you want to fail quickly online then spend a lot of time on the Warrior forum and buy plenty of the rubbish special offers.
If you want to succeed, then limit the amount of time you spend on the forum very strictly and steer clear of the WSO section.
The takeaway here is you need to plough your own furrow, learn as you go and take what you read on the Warrior forum with a huge dollop of salt.