It is beyondevery reasonable doubt that the internet is the mega world that is willing,able and ready to provide income for all Nigerians that are ready to tap fromits wealth.On a dailybasis, many Nigerians are enthusiastic, excited and want to get into onlinebusiness. The unfortunate part is that, 120days later, 95% of them are alreadyout of business.From myresearch, I have discovered that the reason why so many businesses fails, allcomes down to 10 main reasons.In thisarticle, I will share this reasons with you and give you tips on what you willdo differently to succeed.1 Avoid The Get Rich QuickToday, theonline business world is filled up with ponzy schemes, MLMs, Crypto currencyinvestments and hyips that promise Nigerians heavens on earth but leave thempoorer than they met them.What I wantyou to realize is that if you are promised 30 or 50% returns for yourinvestment, the first thing you should ask is that where will that 30-50% comefrom? If somebody will have to lose a trade before you get it, then it isgambling and not sustainable because those that loosed today will win tomorrow.In the other hand, if it requires newer members to pay older members, then thatis ponzy scheme and also not sustainable.
In few month time, their will be 100 old members and may be 10new members. Simple logic will tell you that 10 cannot pay 100 and it willsurely crash. My advice is that, if that returns is not coming from sale of aproduct, commodity or service, then you are on the verge of losing your hardearned money.2. Lack Of CommitmentMostNigerians start something today, in the next few days they will leave it thatit is not working. Many Nigerians have bought great ebooks that they never usedor implement them halfway and expect money to start flowing in. if you havesuch an approach for an online business, then quit for a 9-5 job today.
3. Focus Is The KeyIf you mustattain a reasonable height online, focus is the key. You must go a step at atime. There are too many daring things online that you will like to try out.But 1 accomplished task is better than 100 daring task you tried.
Remembersteve Job’s wise saying about focus, “focus is not just saying yes to what youare doing but also saying no to other things that might seem important alongthe line. The key still remains that you stay super focused on one thing tillyou make it work.4. ProcrastinationManyNigerians have good online business ideas they want to implement but they claimnot to have time but yet they have time for facebook and whatsapp.In the wordsof Brian tracy, “eat that frog”.Brian tracyused the sentence eat that frog to get people into fast action. He cited anexample that if you have like 10 frogs to eat, start by eating the biggest onefirst without any procrastination. In other words, brian tracy is telling youthat, after listing out the most important things you want to do for the day,start with the most important one without procrastination.
This is what herefered to as the biggest frog.5. Information Overloaded:Most Nigerianshave spent years researching the internet with next to nothing to show for it.
Theoutcome of the reaserach is nothing because researching with no action cannotproduce meaningful physical result.6. Lack of InformationThis is anear opposite of the above point. Most people do not have a well-structuredguideline to follow that will help them succeed online. So, most of the times,they just fumble.The similaritybetween those that suffer from information overload and lack of information arethat, both of them lack a structured proven path to follow and both of themwill not earn money from what they know and do not know.7.
Lack Of Motivation and inspirationMost of thetimes, if you tell people that you aregoing to be a millionaire online soon,they see you as if you are crazy or going in to scam.The truth isthat the first thought of theirs is very much correct that you are crazy. Both of youthink differently. There is no need telling them except if you want them tokill down your spirit.
The only person to discuss such with is a like mindedperson that can understand the details.8. Do Not Give UpMost of the successfulpeople you see online today failed in a business before they attained success.Nairaland’s C.
e.o failed in his first hosting business and later mobileNigeria.Lindaikeji failed as a model before succeeding with her blog. Jack ma therichest man in china and owner of Alibaba failed 30 times in different venturesbefore succeeding.
I want youto always remember the words of Henry Ford when he said that, “failure is an opportunityto start again more intelligently.