About a week ago I posted a question on Facebook and it went like this:

What challenges do you have with making money online?

Some of the responses were about time management and productivity. I expected these type of responses from the people who were already making money online and more than likely they had been in business for sometime.

The majority of the responses however came from those who tried to make money online but were unsuccessful so far. They said that it was hard to decipher which programs were legitimate and which were scams. Some even felt that the possibility of making money online was not real. 

Um… Actually it is very real.

I felt that the only reason why someone wonders whether a program is a scam or not and whether the ability to make money online was real was because they probably tried it and failed miserably.

Usually when you fail at something you have a propensity to blame that thing and say that it did not work or was a scam. It was for this reason that I wanted to set the record straight and outline the real reason why most people are not making money online. Secondly and most importantly I am going to give you the exact ways you can fix it.

8 Reasons Why Most People Fail To Make Money Online And What To Do About It

Reason #1

Negative Mindset

So you’re telling me, that I have not made any money online because of how I’m thinking?

Yip that’s exactly what I am telling you.

I see many people who say that they are afraid to start an online business because they are afraid of losing money and of failure. Or they are afraid to approach an online job because they are afraid of rejection.

Do you ever wonder about the simple phrase “think positive”? It all derives from the concept of the law of attraction, that whatever we think, say or believe is what we project and thus shapes our reality.

Therefore when you claim that you are afraid of losing money and of failing, there will always be something to hinder your progress because of those beliefs and thoughts.

How To Fix It

Start thinking positively and believe in yourself that you can be successful and make money online. Believe with every inch of your imagination that it is possible.

When you have that belief opportunities open up for you by showing you ways that you can be successful. For example, you may meet someone who is willing to coach you and show you how to make money online. Or you may be presented with an amazing opportunity to work for someone on mutually favourable terms.

It’s amazing how when you are positive, positive things happen to you in return.

To help you think positively you should invest in personal development books by Napoleon Hill, Dale Carnegie or Jack Canfield.

These are authors who write on the principles of success and the power of positive thinking.

Reason #2

Having Unrealistic Expectations

I don’t blame you at all for having expectations such as being able to make “$1000 a day”. Too often I see advertisements claiming that you can make six figures in three months. This sets an ideal for the reader that achieving such a goal is possible in such a short space of time.

Can anyone make six figures in three months? Absolutely! But there is a process.

Since the start of my online journey last year, I have come to realise that there is nothing like an overnight success. Well unless you win the lottery!

Every successful person has had many trials and failures, which has spanned months or years. That means that they did not wake up one day and make a million dollars.

It is more than likely that over time, they have tried to make money, failed at their attempts, tried again and finally figured it out because they had the right information at the right time.

What you don’t see however is their struggles.

How To Fix It

Set a realistic goal for yourself of how much money you’d like to earn and the time you will give yourself to earn it.

Then find ways on the internet to earn money and STICK TO IT! Finding the right ways can be difficult if you do not know which sources to rely on.

Let me help you out. Read my article 16 REAL Ways That You Can Make Extra Money or How To Start An Online Business On A Budget – 3 Steps And Ideas In these articles I outline different ways that anyone can start to earn an income online legitimately. Some ways require an initial investment of money, other ways do not.

Once you have found a way that fits your desires, make up your mind to learn everything you can about the business model or the job requirement and stick to that one way until you have reached your goal.

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Reason #3

The Shiny Object Syndrome

This is the syndrome that gets most people failing at making money online all the time.

The situation goes something like this. They have tried one thing, when they don’t see a quick return, they move on to the next that comes along to distract them.

This is the main reason why most people do not make money online because they are not taking the time to learn how the program works and master it, to start making money.

How To Fix It

You may have been working a normal job where you go to an office and work under a boss. However you want to transition to working from home where you create your own hours and make an income for yourself. You therefore decide to start your own business and invest into a program to start earning an income online.

The difficulty with this transition is that there is no employee to entrepreneur mindset shift. Too many people still think like the employee. They expect to get paid at the end of every fortnight or month.

Unfortunately as an entrepreneur it is a lot different to a job. Firstly there is a risk that you will make no money or you may make some money but not immediately.

Just because you have not made any money yet, does not mean that the program does not work. It simply means that you need to give the program enough time to work for you whilst you work on building your business. So be patient!

Building your business includes, setting up a website, creating content for your website, getting people to see your website, promoting and marketing your website to get traffic and eventually making sales or commissions.

My advice therefore is to stop jumping from program to program. Find ONE program or business opportunity that you enjoy and work on making it grow.

Therefore be persistent with that one opportunity until it works for you. In this online world, there is going to be many distractions.

To avoid the distractions you have to discipline yourself. How I did this, I found one program that I could trust and I learnt from the creator of that program and remained persistent.

Any person that tried to entice me with any other thing, I ignored. I outright told them that I was not interested.

This is how I finally started making money online because I was committed to one product alone and mastering that one product.

Reason #4

No Community For Support

When you believe in a goal and you are trying to achieve it you may have people who will try to convince you that the possible is impossible.

These people will try to steer you off course and prevent you from pursuing your goals.

Trying to start a business online and make money from it, can be lonely. But don’t try to travel the road alone.

There will be times when you will have bumps along the way and whilst your strength and tenacity will determine whether you will be able to cross those hurdles, sometimes it is best to have a bit of support.

People who fail to make money online often try to do it alone without asking for help and support. This is not the right way to do it.

How To Fix It

I love networking with people and reading their journey and success stories. This is what keeps me motivated and inspired to keep going.

I would therefore recommend that you join a group of people who are like you. They have the same drive as you. They understand what you are going through and they too may have gone through or are going through the same thing so it is easy to relate to them.

It feels great when you can reach out to someone who understands your passion and you can connect with them through that common goal.

You may be able to find focus groups in your own community on Facebook.

Most online programs that teach you how to make money online have their own Facebook group. Join it and network with its users so you can always keep your mind focused.

Reason #5

No Proper Training Or Education

Making money online is a skill. It is something that you learn how to do.

Just like with a new job you need to learn how to use the company’s systems and understand their procedures. There is always some form of training in order to integrate into the business’ community.

The same is with any business that you want to start. Sadly, people who do not make money online do not take the time to learn the skill by getting proper training.

How To Fix It

Invest in a training course.

If you want to learn how to create an online store learn the principles of eCommerce.

If you want to learn how to sell products learn the principles of internet marketing.

If you want to learn how to do affiliate marketing, learn the principles of affiliate marketing.

Whatever area of expertise you want to learn and if you want to be successful at it, you should start with proper education.

When I started my business online I knew nothing about marketing. So I decided to take a course in marketing and master it.

It was through that course that I understood how to sell a product, why traffic was so important to my business and why I should build an email list.

Related Articles 

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Reason #6

Do Not Want To Invest In Themselves

If you are failing at making money online it tells me that you simply do not understand the process.

Here’s what a typical conversation is like with someone who simply does not get it:

Them: I purchased a program and it said it will help me make money but I have not made a dime.

Me: What have you done with the program to make money?

Them: Nothing. I thought I had to just buy it and it will help me make money??

A lot of people are still uneducated about how to make money online because they do not spend the time learning how to make money online. They do not invest the time nor the money to learn and this is a major pitfall. 

And surprisingly they just do not want to. It’s no surprise that so many people fail to make any money online.

How To Fix It

As you learn the process of making money online, you should be treating this as a business. It should be a long term venture.

When you have a long term vision and if you want to learn everything about making money online then it is only obvious that you should invest in yourself and improve your skills.

Free is good. No doubt I use a lot of free tools for my business but I also smartly invest in other resources that will help push my business to the next level and therefore make more money.

How can you invest in yourself?

Learn something new. Ask yourself what do you need to understand how to make money online or start a successful business?

Is there someone who can coach you? Is there a skill set you can learn?

Do you want to learn a new skill? If so find someone who can teach you and be prepared to compensate them for their time.

You can also invest in yourself through time. Take the time to change your beliefs, if you’re always thinking negatively.

Have a power hour and meditate to exercise your mind with good thoughts. This helps to make you more jovial and excited about whatever it is you’re pursuing.

You can also invest in yourself by reading self help books. Self help books are a great source of inspiration and motivation.

Never stop learning. Investing in yourself is the most powerful way to grow into a marketable asset which provides huge returns when you stick to a plan.

Reason #7

No Research Into Program And Joining Business Models That May Be Illegitimate

There was a time when the internet was profuse with programs which promised that your money would be doubled in 90 days if you “invested” money into the “system”.

A lot of people were attracted by the claim and naturally they would join but two months later, they would see none of their money back as the company that made the claim would fold.

This is what happens when you do not research the legitimacy of such programs.

Everyone is responsible for the actions that they take. Just because one program is illegitimate does not mean that all are.

How To Fix It

In order to make real money online, you should be joining programs which are completely transparent and legal in the eyes of the law. Here are a few things you should look out for to determine whether a program may be legitimate:

Promise of a fast income there is no way that you can earn a fast income online. There is nothing such as a get rich quick program even though they represent themselves in this way. So when someone promises that you can make money in a short period of time, this is a strong indication that something is fishy and you should look elsewhere.

Urgency Tactics if someone is using strategies to put you in a panic to buy something I would be concerned. Urgency tactics are well known marketing strategies used to manipulate the psychology of a potential customer. Be careful with this and take the time to do proper research into the program to ensure that it is what you want to do.

Unrealistic Income Claims And Guarantees It is illegal to make a guarantee that someone will make money from a business opportunity. Therefore be absolutely vigilante of any program which does this. Any claim like “You can make $10,000 in 2 weeks” is unrealistic and should be treated as a way to entice you to join the program. Look out for them and be extra careful.

No Proper Legal Disclaimers Every legitimate business or program should have proper disclaimers on their websites. Important disclaimers are the Terms of Service or Terms and Conditions, Privacy Policy and Income Disclaimers. If a website does not have any of these then you should take care before proceeding. Also look for the About Us page and any other features like a Contact Us page that helps you to get in touch with the owner of the program in the event you have a complaint.

No Refund Policy Every program or company that offers a business opportunity should have a refund policy especially if you are exchanging money for a product. If there is none then I would not join this program as there is the issue of getting your money back if you are not happy with your purchase.

Reason #8

Take No Action

Many people accumulate a wealth of knowledge about how to make money online but take no action to implement what they have learnt.

It is obvious that they do not make any money online.

Even if they do take some action they are inconsistent with that action.

How To Fix It

You can have the right mindset, invest in great education and have the best support system, but you will never make money online if you do not take action.

This is the most important thing. Go figure.

To often people have all the important attributes of an entrepreneur but the one thing that’s cheating their success is the fact that they do not do anything with what they have learnt.

Therefore if you want to make money online, start doing! Simple!

Start putting into place what you have learnt. So if you are starting with affiliate marketing, then start with a product and promote it.

When you start the process of making money online, it does not fall into your lap. You actually need to do work to make the money. This may involve creating a blog post, doing video marketing or running ads.

Whatever it is you have to do something in order for the money to be created.

Once you start taking action, be consistent with the activity and continue working and building it to make it grow.

Eventually your efforts will pay off.

Final Thoughts

To make money online it is possible. There are so many people who are coming into the online space and learning how to do it but some learn faster than others. Some learn the right information too.

There is so much mis-education out there, but if you are determined to succeed at making money online then you need the right outlets to learn from.

I hope this article has provided some value and insight to help you understand what it actually takes to make money online. Making money online is not easy. It takes a lot of hard work and effort. For example, I started network marketing in 2014 and only brought my business online two years later in 2016. It actually took me eight months to fully understand how to make money online and to start successfully earning an income online.

I have no special skill or talent. I simply committed to learning how to sell a product, how to talk to my audience and how to provide a service.

Anyone can do what I do but you only need to have the will to persevere.

Good luck with your endeavours. You can make money online. You simply need to fix every reason why you cannot make money online and see how things improve for you.

Don’t fix one reason. Fix all.

Cheers,

P.S Are you guilty of any of these reasons? Tell me in the comments what you are doing about it. 😊

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