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Posted by
Felix Okoli on Thursday October 14, 2010 at 8:36:47:
What if making money online was the only thing you could do to make money? What if there was no other job to do, especially in a time of global recession like this and the last thing you could do successfully was to make money online? If you were allowed to choose between making money online in Nigeria or being jobless, which would you choose? I guess by then you would take it seriously and as a business. You need to treat it as a serius profession in order to succeed at this.
Why many online businesses failThere are various reasons why online businesses fail and people tend not to be successful at making money online but it all comes to the basic reason which is simply this - They do not treat it as a real business.
Here are others:
- No good business model
- Inefficient use of resources
- Not lowering your costs
- Investing in the wrong business
- Being over-staffed
- Over estimating your income
- Impatient new comers
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Related:
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Why Making money online is serious business
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