It is beyond every reasonable doubt that the web is that the mega world that's willing, able and prepared to supply income for all Nigerians that are able to tap from its wealth.
On a day to day , many Nigerians are enthusiastic, excited and need to urge into a web business. The unfortunate part is that 120days later, 95% of them are already out of business.
From my research, I even have discovered that the rationale why numerous businesses fail, all comes right down to 10 main reasons.
in this article, i will be able to share this reasons with you and provides you recommendations on what you'll do differently to succeed.
1. Avoid The Get Rich Quick
Today, the web business world is filled up with ponzy schemes, MLMs, Cryptocurrency investments and hyips that promise Nigerians heavens on earth but leave them poorer than they met them.
What i would like you to understand is that if you're promised 30 or 50% returns on your investment, the primary thing you ought to ask is that where will that 30-50% come from?
If somebody will need to lose a trade before you catch on , then it's gambling and not sustainable because people who loosed today will win tomorrow.
On the opposite hand, if it requires newer members to pay older members, then that's a ponzy scheme and also not sustainable. In few month time, there'll be 100 old members and perhaps 10 new members.
Simple logic will tell you that 10 cannot pay 100 and it'll surely crash. My advice is that, if those returns aren't coming from the sale of a product, commodity or service, then you're on the verge of losing your hard-earned money.
2. Lack Of Commitment
Most Nigerians start something today, within the next few days they're going to leave it that it's not working. Many Nigerians have bought great ebooks that they never used or implement them halfway and expect money to start out flowing in.
if you've got such an approach for a web business, then quit for a 9-5 job today.
3. Focus is that the Key
If you want to attain an inexpensive height online, the main target is that the key. you want to go a step at a time. There are too many daring things online that you simply will wish to try . But 1 accomplished task is best than 100 daring task you tried.
Remember Steve Job’s wise saying about focus, “focus isn't just saying yes to what you're doing but also saying no to other things which may seem important along the road . The key still remains that you simply stay super focused on one thing till you create it work.
4. Procrastination
Many Nigerians have good online business ideas they need to implement but they claim to not have time but yet they need time on Facebook and WhatsApp.
In the words of Brian Tracy, “eat that frog”, Brian Tracy used the sentence eat that frog to urge people into fast action. He cited an example that if you've got like 10 frogs to eat, start by eating the most important one with none procrastination.
In other words, Brian Tracy is telling you that, after listing out the foremost important belongings you want to try to to for the day, start with the foremost important one without procrastination. this is often what he mentioned because the biggest frog.
5. Information Overloaded:
Most Nigerians have spent years researching the web with next to zilch to point out for it. the result of the research is nothing because researching with no action cannot produce a meaningful physical result.
6. Lack of data
This is a near opposite of the above point. most of the people don't have a well-structured guideline to follow which will help them succeed online. So, most of the days , they only fumble.
The similarity between people who suffer from information overload and lack of data is that both of them lack a structured proven path to follow and both of them won't earn money from what they know and don't know.
7. Lack Of Motivation and inspiration
Most of the days , if you tell folks that you're getting to be a millionaire online soon, they see you as if you're crazy or going into scam.
The truth is that the primary thought of theirs is extremely much correct that you simply are crazy. Both of you think that differently.
There is no need telling them except if you would like them to kill down your spirit. the sole person to debate such ideas with may be a like-minded person who can understand the small print .
8. don't hand over
Most successful people you see online today failed during a business before they attained success.
Naijaloaded CEO Failed when he established some site, before succeeding with the very famous Naijaloaded, Jack Ma, Richest Man in China and owner of Alibaba failed 30 times before succeeding.
So why are you gonna give up?
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