It is beyond
every 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 from
On a daily
basis, many Nigerians are enthusiastic, excited and want to get into online
business. The unfortunate part is that, 120days later, 95% of them are already
out of business.
research, I have discovered that the reason why so many businesses fails, all
comes down to 10 main reasons.
article, I will share this reasons with you and give you tips on what you will
do differently to succeed.
1 Avoid The Get Rich Quick
online business world is filled up with ponzy schemes, MLMs, Crypto currency
investments and hyips that promise Nigerians heavens on earth but leave them
poorer than they met them.
What I want
you to realize is that if you are promised 30 or 50% returns for your
investment, the first thing you should ask is that where will that 30-50% come
from? If somebody will have to lose a trade before you get it, then it is
gambling 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 that
is ponzy scheme and also not sustainable. In few month time, their will be 100 old members and may be 10
new members. Simple logic will tell you that 10 cannot pay 100 and it will
surely crash. My advice is that, if that returns is not coming from sale of a
product, commodity or service, then you are on the verge of losing your hard
2. Lack Of Commitment
Nigerians start something today, in the next few days they will leave it that
it is not working. Many Nigerians have bought great ebooks that they never used
or implement them halfway and expect money to start flowing in. if you have
such an approach for an online business, then quit for a 9-5 job today.
3. Focus Is The Key
If you must
attain a reasonable height online, focus is the key. You must go a step at a
time. 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.
steve Job’s wise saying about focus, “focus is not just saying yes to what you
are doing but also saying no to other things that might seem important along
the line. The key still remains that you stay super focused on one thing till
you make it work.
Nigerians have good online business ideas they want to implement but they claim
not to have time but yet they have time for facebook and whatsapp.
In the words
of Brian tracy, “eat that frog”.
used the sentence eat that frog to get people into fast action. He cited an
example that if you have like 10 frogs to eat, start by eating the biggest one
first without any procrastination. In other words, brian tracy is telling you
that, 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 he
refered to as the biggest frog.
5. Information Overloaded:
have spent years researching the internet with next to nothing to show for it. The
outcome of the reaserach is nothing because researching with no action cannot
produce meaningful physical result.
6. Lack of Information
This is a
near opposite of the above point. Most people do not have a well-structured
guideline to follow that will help them succeed online. So, most of the times,
they just fumble.
between those that suffer from information overload and lack of information are
that, both of them lack a structured proven path to follow and both of them
will not earn money from what they know and do not know.
7. Lack Of Motivation and inspiration
Most of the
times, 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 is
that the first thought of theirs is very much correct that you are crazy.
Both of you
think differently. There is no need telling them except if you want them to
kill down your spirit. The only person to discuss such with is a like minded
person that can understand the details.
8. Do Not Give Up
Most of the successful
people 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 the
richest man in china and owner of Alibaba failed 30 times in different ventures
I want you
to always remember the words of Henry Ford when he said that, “failure is an opportunity
to start again more intelligently.