There are several reasons why many find it hard to make money online. The FOUR most critical elements are explained in this article. These elements have to be dealt with when building an online business. It’s true that every person with a success story will trace it back to consistent hard work towards a goal, with the will to keep going despite constant setbacks.
Most people simply don’t do the work to get the result. If you actually implement and keep doing it, eventually you get an outcome. The four most critical elements are: money, time, commitment and human resources. These elements are critical for success when building an online business.
MONEY
When starting out, often the lack of funding to pay for even the basics – someone to set up your website, the fees for hosting and software, someone to do your facebook page, your twitter and youtube profile pages and just to pay for your logo, are out of reach.
Even if you have a nice set-up fund to pay for all of these things, once you spend your money to build a foundation, only to then turn around and realize you need money for a pay per click campaign, someone to write the copy for your landing page, not to mention paying for keyword research software, split testing software, ebook cover design, and on and on – it once again becomes out of reach.
TIME
There are things in life that get in on the way of doing the work necessary to make money online and take much of your time. For instance, you might have to raise four kids, cook and clothe everybody and work a job, which doesn’t leave much energy or time for anything else.
Perhaps your computer keeps breaking down, or is so slow that what should take few minutes ends up taking much hours. All of these things are variables that get in the way of you producing output. Unless you can remove these constraints, or find ways to work around them, you will fail due to lack of time.
COMMITMENT
I think today if I was to answer the question about why most people do not succeed at making money online I would first say it is a lack of commitment. All challenges I have outlined in this article and every challenge you will face is surmountable, but it’s your choice not to figure out how to get it done and give what it takes to do it, which stops the outcome. A setback comes from that decision when you decide it is too hard or too scary or too much work or you would rather do something else. It takes a lot of things to go right and you doing a lot of things over and over again even when you do not feel like it, and even then you won’t necessarily succeed.
HUMAN RESOURSES
Some people lack the necessary knowledge or skill required to make money online. You can’t know how to perform every role in your business, you need help from other people who have the skills you don’t have. Unfurtunately, if it's even only to acquire the skills needed, it's too overwhelming; sourcing online? Mind you, if going online and learning how to make money from a certain system is completely new to you, you face a ton of new experiences and each educational experience opens up doors to new areas you can study, often simply the act of studying your options will kill your motivation -- you just don’t know how to put all the pieces together. Better still, there are some way out. Studying personal development can help. Aligning yourself with the right people can help. Figuring out what you really want is always a good step.
DEALING WITH THE REALITIES
All of these problems are real, therefore you have to deal with them. However knowing what to deal with first is necessary. The first problem you have to solve is often the trickiest. In what order do you solve these problems? You should deal with whichever is the most pressing constraint that is stopping forward movement. Unfortunately, without experience or at least some feedback from somewhere, it is hard to know what that is, especially if you are new to the online business building process. That’s why concepts like having a mentor are helpful. They at least give you a direction to move and allow you to change directions quickly.
More so, learning is always important, it's what makes taking action always the best choice. It doen't only gives you a better chance of success, but also returns an insight into why you are doing something, how well it is working and how other people react to it – non-reaction is also a result.
For more, read First Thing To Consider Before Setting Up Your Own Bussiness. and
What It Takes To Succeed In Your Business.