Failing Entrepreneurs
April 4th, 2007 by Remon
There are, and always will be, entrepreneurs failing to reach their goals. I couldn’t find any USA statistics, but here in Holland about 30% of the start-up businesses will fail within 3 years. It is also said that only 5% of the bloggers become successful in terms of finance.
Why the big difference between start-up businesses and blogs? It generally takes more money to start a “real” business, there’s a large overhead compared to a blog or webshop and you can’t sell your stuff for a whole lote more than the selling price on the internet so it all boils down to the quantity of customers, and the quality of your products and customer service.
So if the internet is easier, why is only 5% successful?
The answer is right there in your question amigo! The internet is easier, and not to mention cheaper, to start with. Many people want to make a living off the internet, start-up costs are low, no overhead, what are you waiting for?
Most of those so-called entrepreneurs are very motivated when they start their blog or online business, but it takes dedication to make it successful. You need a plan as well to make your site successful and knowledge about searchengines, SEO, scripting languages etc. are a definite plus.
Once people notice that it takes more than a domainname and some (free) hosting to attract visitors they generally aren’t all that motivated anymore. One thing leads to another and there you have another unsuccessful blog/website.
In my opinion, although the fail rate is higher on the internet, I think it’s easier to build a successful website/webshop than it is to build a successful offline store. You can start your internet bizz with a few bucks and find all the information you need for free on the internet. Whatever you do DON’T BUY EBOOKS. I’ve never read one that had any information I have not read at forums before so don’t buy them. They’re worthless.