Around 9 out of10 people who try to start an online home based business will fail. If this true then you need to learn the key factors why people fail and make sure you don’t fall into the same pitfalls. These are the most common reasons why people fail to make a success of their home based business venture.
Not putting enough effort in
A lot of people think that making money online is really easy. This is not the case. There are a lot of internet marketing products on the web that make you believe that you can earn thousands of dollars in a few days or weeks. The reality is building a successful online business takes constant effort and a lot of perseverance. Many people get started and then give up when they realise how much time and effort is involved.
Not enough time is given to the business
Starting a home based business such as an affiliate website won’t make you money overnight, in days or even within a few weeks. It may take around 3-4 months until you make a profit, some people will take less time than that or more time. It will depend on how much effort has been put into trying to make the business a success. Most people will try to have a go at it for at least 1 or 2 months and when no money is made they will quit.
Not Enough Traffic
When you have a new website you need to get a lot of good targeted web traffic. If you are not getting visitors to your website you will not make any sales. Many people will wonder why they are not getting visitors to their website when it has been up and running for months not making any money. Looking at the problem in more detail may reveal they are only getting 3 or 4 visitors to their website per day. The focus must be on producing traffic as the number 1 priority.
Poor Conversion Rate
A good conversion rate is vital to the success of an online business. A conversion is when a visitor comes to your website and makes a purchase. Your website may convert at around 1{75f7d6826a5ae8a0173b8a8159b63ceac1acc20c4a43d07670d992b80bd52f77}, which means that 1 person in every 100 will make a purchase. Ideally you want to try to get higher conversion rate than this. Look at the design of your site and try to decide what will make more visitors stay and purchase products from you.
Get help and advice
Do you research and join forums. People there are more than happy to give you some tips and advice on how to be more successful. Find out what other people are doing and try it on your website and you will start to see improvements.