5 Reasons Why You’re Not Making Any Money Online

Let me start off by saying 90% of people who venture into online business end up not making any money. It is not a secret, it’s been proven by research. I also have tried online business and failed before so I know this.

If you’re looking to start an online business or blog, you may do well to acquaint yourself with this tips so that you will be well equipped and not end up like others who don’t make money.

Having a Wrong Mindset.

The level of your mindset determines the level of your success in life. Having the right mindset is the singular most important factor in making money online.

If you have a success mindset, you will figure out how to make things happen and how to make things work, no matter the mountain of odds that may be stacked against you

Success, failure, making money and not making money are all about mindset, I so much believe this.

Having the right mindset is what makes you persist when you don’t make sales. Having the right mindset is what make you write another blog post when you’re not seeing the traffic.

When you have the right mindset, failure becomes a motivator instead of an obstacle.

“In a growth mindset, people believe that their most basic abilities can be developed through dedication and hard work—brains and talent are just the starting point. This view creates a love of learning and a resilience that is essential for great accomplishment.” (Dweck, 2015)

Lack of Patience

This is another reason why 90% of people that start online business never make any head way.

Overnight success is a scam. Ok, that’s a lame cliché, everybody knows this. But do you know that every one and their mother want to start an online business today and start earning tomorrow?

People want to make money, but they want it fast. When are they going to get it that this two don’t fit together(money and speed). To make money online, you got to be ready to play the long term game

I am in this huddle for 8 months and I am not giving up anytime soon. I know I am a success because :

  • I am willing to play the long term game
  • I put in the work everyday, week after week, month after month

For the hordes starting out these days, all hopeful of ‘making money online’, most will give up within 6 months to a year. Meanwhile, this may just be when they are getting closer to gold.

Are you ready to play this game for 3, 5, or 10 years? Are you willing to preservere until you make it.

Lack of Skills

People tend to give up before they have gained the skills – and so only 5% of the most determined and tenacious people win through. Sad, but all too true.

Doing online business requires some skills. You need to learn how to convert visitors to buyers. How to create unique selling prepositions and the types if things that give business a competitive advantage.

5 Useful Tips From Experts On Financial Freedom

Not Showing Up regularly

And you have to consistently do this over a long period of time. It’s just like any other type of work. You’ve got to show up. But this work, your work, adds up. Slowly.

After all, athletes rehearse the same basic movement over and over again thousands of times every single day, until they can’t get it wrong even if they tried.
Your ideal reader wants a shortcut to the shortcut, and they’re willing to subscribe to the first blogger who promises them that

Success in online business, mostly come from showing up, long enough

80% of success is showing up

~Allen Woody

As a blogger, yesterday was one of those dodgy dreadful days when you don’t feel like doing anything. I had a flu, not enough sleep (breastfeeding toddler), emotionally unstable and all wot not.

But I said to myself, Richmom, you must show up today no matter how you feel. Tuesday is your posting day and you must write a post.

So, I just opened my laptop, set up my chair and was just staring at it. I managed to type in the headline for today’s post and that was all. For the most part, I was just playing with my WordPress back end, checking how many visitors I have got for the day.

But do you know the amazing thing that happened, before nightfall, I had gone into research. So, I got my points all lined up to flesh out today.

It was Zig Ziglar that says “feelings follow actions. When you don’t feel like doing anything, just start, the feelings will follow.”

That was how I showed up yesterday.

Showing up could mean many things. It could be writing a few words on paper. It can be getting yourself into the work mode for the day. It could be taking a cup of green tea to keep your mind and body alert for the day’s work.

Success for your online business will come when you do something about it everyday, without fail, no matter how little. Many artists have said it, just doing the work is the actual feat

So make it a point to show up, whether it means physically being present at a workspace, or being mentally committed to getting something done. Take a class. Execute a project. Finish a book. Go to a talk. Sweat over your projects when you don’t feel like it.

Be there for the muse, and, eventually, it’ll be there for you.

Hannah Brooks Olsen from creativelive.com

Lack of Mentorship

We all need a financial coach, mentor or counselor. A person or persons who are already successful where we want to succeed. This is because they can show us our limitations, our leash, our boundaries, our beliefs.

That is when you go “oh, I didn’t realize I can make so much, be more and do more.

I attended a training last week where I was introduced into some hot products that I can sell and make up to 10, 000 naira profit margin. I never realized that I could make that much selling physical products.

Before now, one thousand naira or two thousand naira in profit was a big deal. Now I know better and it’s as a result of coaching.

Many people don’t make money online because they go it all alone! No mentor, no accountability partner, and not a member of any forum.

Making money online is no rocket science. Find people who have done it and model yours after them

 

 

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