One statistic that I’ve often heard rallied about is that a whopping 95 to 99 percent of all Internet businesses fail within their first year.
Opportunities are everywhere you care to look online. Tempting promises of easy riches and instant millionaires stare us in the face. People fall for the hype, discover that it’s much more work than they’d thought, and dump the ‘business’.
On the Internet, it’s ‘easy come, easy go’.
Half-hearted attempts at making money online simply aren’t enough. If you’ve been online for some time now, you no doubt have come to the same conclusion: building a viable Internet business takes time and effort, just like any other business.
So why is it that even seasoned opportunity-seekers fail to earn an income on the Internet?
Judging from the comments I’ve received from my website visitors and newsletter subscribers, it’s mainly because of a number of perceived obstacles:
No Time.
Lack of time is definitely one of the biggest obstacles to starting your own business. Many people are working full-time at another job, have children to care for, do volunteer work, and generally lead busy lives.There is no doubt about it: starting a business is going to require sacrifices. Think about any time-wasters you currently indulge in; can you use the hour you spend watching TV each night to work on your business instead?
This isn’t to say you should cut everything else out of your life. Everyone needs to relax, eat right, and exercise to stay healthy (health should always be a big priority, to avoid nasty problems like Type 2 Diabetes). But it’s never going to be the ‘right time’, so getting creative about organizing your time is a must.
Frustration and Complaints about Using a Computer.
This is *very* common; obviously you and your computer are going to have to be on the best of terms if you’re planning to do business online!You don’t have to be an ‘expert’; you just need to be comfortable. You can end your PC rage forever by taking a little time to learn how it works. Check with your local college or community center for appropriate courses, or get yourself a copy of the excellent Windows for Newbies, a wonderful book that uses a picture-driven learning system.
Uncertainties about Learning HTML.
HTML is the language used to create web pages. It’s often called a ‘programming language’, conjuring up intimidating mental images of techno-geeks madly coding complicated software in some dark, dank basement.Have no fear. HTML is a really just a simple formatting language – much like what the old word processing software used to use. There are plenty of excellent tutorials available.
Worries about ‘Technical’ Stuff
It can feel somewhat overwhelming to try to figure out what’s what when you’re new to the world of computers or the Internet.
Money!
Surprisingly, this is one of the LEAST mentioned worries I’ve heard from my visitors and newsletter subscribers. Starting an online business doesn’t have to be expensive at all; so long as you already have a computer, your expenses can very easily be less than $100 a month – and often much less. My own expenses in the first few months online were less than $50 a month, just for Internet access and web hosting.Some options for covering your business costs include:
- Continue to work full-time while working on your business part-time;
- Work part-time at your job and part-time on your business;
- Use some of your savings;
- Borrow from family or friends;
- Take out a small business loan.
Fears About a Lack of Support from Family & Friends.
This is a tough one. Family and friends are supposed to support us because they love us, right?For many of us, family and friends who are seeking to ‘protect’ us from scams may either deliberately or inadvertantly make discouraging remarks.
There are no hard and fast rules for handling family and friends; if you’re not yet comfortable telling others about your online ventures, then don’t. Otherwise, just be firm: state that you are working hard to build a viable business and that you would appreciate their support.
Make a conscious choice to put forth the time and effort needed to build a viable business. Make this your year to increase your online income!