2 Reason of online failure
Unpersistence: Trading is a challenging thing and let’s face it whether you like it or not trading is what you are doing when you have an online business.
Majority of newbies who joined the internet bandwagon get easily discouraged because money is not flowing into their account as they thought .I know the sales letter says “make money in 24hrs” and that was why you bought the package but you still needs to understand the basic things before money comes in 24hrs.
At the age of 25, Warren began a limited stock market trading investment partnership. Warren was the general partner, and started with US$100.There was seven limited partners who contributed US$105,000 towards the stock market trading partnership. The limited partners received 6 percent annually on their investment and 75 percent of the profits above this target amount. Warren earned the other 25 percent
Over the course of the next thirteen year period, Warren compounded money at an annual rate of 29.5 percent through stock market trading activities. This was amazing, because during that same thirteen year period, the Dow Jones Industrial Average declined in value five different years within the same thirteen year period.
In 1969, Warren thought it best to end the stock trading investment partnership because he thought the stock market had become very speculative. Because of persistence, Warren has had one of the longest and most successful stock market trading careers of all time. His persistence made him and when he became successful he decided o dabble into some other businesses with the same spirit of optimism. He is considered the world greatest value investor…
As powerful and strategic as experience is, it sometimes can become a major setback, if experience is not coupled with optimism .Because experience without optimism is an experience of failure, when suddenly you know all the reasons why nothing will work because you’ve been there, and done that. But have you really? In the early days of the telecoms revolution in Nigeria, Vodafone believed it had the Nigeria market figured out and nothing good would likely come out of this “Nazareth.” They packed their backs and made for home. Oh! How they wish to return because now they realize how so sadly mistaken they were.
Netscape Navigator very literally held a cocktail to amuse themselves with Microsoft’s bid to introduce an internet explorer into the web-browser market. They thought it was an elaborate joke of the decade. Soon enough, they held a pity party as they had to close shop. Reason? Microsoft has a stranglehold on over 90 percent of market share!
If you are not putting enough time to your business and setting the ground work, money will not come in, 95% of people are just mentally lazy and they dump any package they buy as soon as its not paying off after one or two trial. Ask all the gurus, you will be alarmed at your findings. Hundreds, if not thousands of dollars have gone down the drain before they started making those figures you see them generate.
Lack of Serious Business: No matter what anybody must have told you, internet business is like any other business. Treat it like one especially at the beginning. Stop waiting for magic to happen because it will never happen. When you do not stay focus with your business it does not give the kind of result you desire.
You must concentrate on what you find yourself doing in order to achieve success despite the shame and the pain. Try to persevere through that dangerous situation and stop listening to excuses of negative opinions from people that failed on that field and reach out to your destiny and you’ll be proud of yourself that you did! And people will always copy and use you as a role model.
Internet business is like any other enterprise. Without daily hard work, you don’t make it in business. By taking it as a business, you have to learn from your failures and successes. Don’t be contended with your level of performance. Be determined to expand your e-business empire. Determination multiplies your commitments, divides your distractions and subtracts your excuses. And I want you to know that the difference between ordinary and extraordinary is that little extra!
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