Tag Archives: fail

Small Business: 20 Common Reasons Why Startups Fail – Mistakes to Avoid [Infographic]

You have created a new small business and want to avoid mistakes. Do you know the common reasons why many startups fail?
Here are some common reasons you need to know.

Small Business: 20 Common Reasons Why Startups Fail – Mistakes to Avoid

Poor product
Poor marketing
Pricing/cost issues
Lack of passion
Burnout
Lack of research

Many small businesses start up every month but the failure rate is high. 20% failed in the first year, 50% within five years, and 65% within 10 years.

Small Business: 20 Common Reasons Why Startups Fail - Mistakes to Avoid

Reasons to Fail

If you ask former business owners, you will get many answers about why their businesses failed.

Wrong Market or Broad Market: Too many people try to start a business targeting everyone. But this doesn’t work well. It is too broad.

You need to target a specific niche. So it is easier to reach your target audience.

Lack of Research: You have to know what your customers need or want. Too many newbie marketers or business owners think they have a great service or product to offer, but nobody wants that service or product.

Small Business: 20 Common Reasons Why Startups Fail - Mistakes to Avoid

By researching your market, you will know exactly how to meet your potential customers’ needs.

Research, find a problem, and provide a solution. Simple but effective!

Bad Marketing: Every business needs two things: marketing and bookkeeping. If you know well both, it doesn’t matter what you are selling or offering because someone will buy it.

Instead of creating a marketing campaign, hire an expert. It costs money but it will bring in much more than you spend.

Small Business: 20 Common Reasons Why Startups Fail - Mistakes to Avoid

How to Avoid Failing

Set Goals: Know exactly where you want to be. Without a goal, you just wander without results.

Research: Know everything about your market. Know what customers want. Know their incomes, their desires, and what makes them tick. The more you know, the more you can sell to them.

Love Your Business: If you don’t love what you do, you get bored. You must be passionate about your business.

Don’t Quit: No matter how great is your business. You are going to have a downtime. You need to work extra hours and press harder to succeed.

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Why Many Marketers Fail In Affiliate Marketing and How To Succeed

Why Many Marketers Fail In Affiliate Marketing and How To Succeed

Affiliate marketing is one of the most effective ways to generate a full-time income through the Internet. Its a fair deal between the merchandiser and his affiliates as both benefit from each sale. Like in other kinds of business, a great deal of the profits in affiliate marketing depends on the affiliates advertising, promoting and selling strategies. Everyday, as affiliate marketing industry expands, competition heightens as well so an affiliate marketer must be creative enough to convince potential buyers to purchase his products and services.

Affiliate programs are more effective, risk-free and cost-efficient. But why do many marketers still fail in affiliate marketing? There are a lot of reasons and a lot of areas in the program to look into. The most critical aspect in the affiliate program is advertising. Many affiliate marketers fail in this aspect because they lack hard work, which is the most important thing in affiliate marketing and in all other kinds of business as well.

Affiliate marketing isnt as simple as directing customers to the business site. If you want to earn big, of course, you have to invest time and great amount of hard work in promoting the products. As earlier mentioned, the competition is very high and customers nowadays are very wise, too.

Lack of preparation is also a reason why one fails in affiliate marketing, whether he is a merchandiser or an affiliate. Part of the preparation is researching. On the part of the merchant, he has to be highly selective in choosing the right affiliate websites for his affiliate program. In order to be sure he has the best choices, he must looking for highly interested affiliates sites that best for his products and services.

The affiliate sites visitors must match his targeted customers. On the other hand, the affiliate marketer must likewise research on the good-paying merchandisers before he signs up for an affiliate program. He must ensure that the merchants products and services match his interests so he can give his full attention and dedication to the program.

He can get valuable information by joining affiliate forums, comparing different affiliate programs and reading articles on affiliate marketing where he can get tips from experienced affiliate marketers on how to choose the best merchants and products with high conversion rate.

The website is a very important tool in the affiliate program. As an affiliate marketer, you should plan how your site is going to be, from domain name to the design, the lay-out, the content, and ads. Some users are particular about what they see at first glance and thus when they find your site ugly, they wont read through the content even if your site has many things to say and offer. On the other hand, there those who want information more than anything else.

Affiliate marketers with rich-content web sites are usually the ones who prosper in this business because the content improves traffic to the site. Websites with high quality content and right information about the product and not empty hyped-up advertisements allow you to earn big in affiliate marketing even when youre asleep. If you wont be able to sustain the interest of your site visitor, you wont be able to lead him to the merchants site. No click-through means no sale and thus, no income on your part.

Selecting a top level domain name is also crucial to the success of the affiliate program. Lots of affiliate sites dont appear in the search engine results because they are deemed by affiliate managers as personal sites. Major search engines and directories would think of your site as transient ones and thus, they wont list it in the directory. Before you decide on the domain name, know first what you are going to promote. Many fail because their sites are not appropriately named, so even when they feature the exact products the customer is looking for, the customer might think the site is not relevant and thus, wont enter the site.

Above all, an affiliate marketer must be willing to learn more. Certainly, there are still a lot of things to learn and so an affiliate marketer must continue to educate himself so he can improve his marketing strategies. Many fail because they dont grow in the business and they are merely concerned about earning big quickly.

If you want long-term and highly satisfactory results, take time to learn the ins and outs of the business. Continue to improve your knowledge especially with the basics in affiliate marketing ranging from advertising to programming, web page development, and search engine optimization techniques. Likewise, study the needs and wants of your site users and how different merchandisers compete with each other.

Keep on trying; dont get disappointed if your first attempts did not pay off. Thousands are attracted by the possibility of generating skyrocketing incomes through affiliate marketing and so they sign up in any affiliate program without carefully understanding every aspect of the business. When they dont get instant results, they quit and sign up for another program and repeat the process of just copying links and referring them to others.

When you sign up for an affiliate program, dont expect to get rich in an instant. Work on your advertising strategies and be patient. Youll never know how much you can get if you dont persevere. The 5 simple things to succeed on affiliate marketing are here: Search, Study, Learn, Work and never, never Quit!!

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5 Reasons Why People Fail to Earn Money In Affiliate Marketing

5 Reasons Why People Fail to Earn Money In Affiliate Marketing

More and More people are lured into affiliate marketing and you might be one of them. Indeed, affiliate marketing is one of the most effective ways of generating a full-time income through the Internet. It’s a fair deal between the merchandiser and his affiliates as both benefit from each sale materialized. Like in other kinds of business, a great deal of the profits in affiliate marketing depends on the affiliate’s advertising, promoting and selling strategies. Everyday, as affiliate marketing industry expands, competition heightens as well so an affiliate marketer must be creative enough to employ unique and effective ways to convince potential buyers to purchase or avail of the products and services offered.

Compared to traditional advertising practices, affiliate programs are more effective, risk-free and cost-efficient. But why do many people still fail in affiliate marketing? There are a lot of reasons and a lot of areas in the program to look into. The most critical aspect in the affiliate program is advertising. Many affiliate marketers fail in this aspect because they lack hard work, which is the most important thing in affiliate marketing and in all other kinds of business as well. Although it pays to be lucky, you cannot merely rely on it. Affiliate marketing isn’t as simple as directing customers to the business site. If you want to earn big, of course, you have to invest time and great amount of hard work in promoting the products. As earlier mentioned, the competition is very high and customers are very wise, too. After all, who doesn’t want to get the best purchase—that is, to pay less and get more in terms of quantity and quality.

Lack of preparation is also a reason why one fails in affiliate marketing, whether he is a merchandiser or an affiliate. Part of the preparation is researching. On the part of the merchant, he has to be highly selective in choosing the right affiliate websites for his affiliate program. In order to be sure he has the best choices, he must have exhausted his means in looking for highly interested affiliates whose sites are sure fit to his products and services. The affiliate site’s visitors must match his targeted customers. On the other hand, the affiliate marketer must likewise research on the good-paying merchandisers before he signs up for an affiliate program. He must ensure that the merchants’ products and services match his interests so he can give his full attention and dedication to the program. He can get valuable information by joining affiliate forums, comparing different affiliate programs and reading articles on affiliate marketing where he can get tips from experienced affiliate marketers on how to choose the best merchants and products with high conversion rate.

The website is a very important tool in the whole affiliate program. As an affiliate marketer, you should plan how your site is going to be, from domain name to the design, the lay-out, the content, and ads. Some users are particular about what they see at first glance and thus when they find your site ugly, they won’t read through the content even if your site has many things to say and offer. On the other hand, there those who want information more than anything else. Affiliate marketers with “rich-content” web sites are usually the ones who prosper in this business because the content improves traffic to the site. Websites with high quality contents—with relevant keywords and more importantly, right information about the product and not empty hyped-up advertisements—allow you to earn big in affiliate marketing even when you’re asleep. If you won’t be able to sustain the interest of your site visitor, you won’t be able to lead him to the merchants’ site. No click-through means no sale and thus, no income on your part.

Selecting a top level domain name is also crucial to the success of the affiliate program. Lots of affiliate sites don’t appear in the search engine results because they are deemed by affiliate managers as personal sites. Major search engines and directories would think of your site as transient ones and thus, they won’t list it in the directory. Before you decide on the domain name, know first what you are going to promote. Many fail because their sites are not appropriately named, so even when they feature the exact products the customer is looking for, the customer might think the site is not relevant and thus, won’t enter the site.

Above all, an affiliate marketer must be willing to learn more. Certainly, there are still a lot of things to learn and so an affiliate marketer must continue to educate himself so he can improve his marketing strategies. Many fail because they don’t grow in the business and they are merely concerned about earning big quickly. If you want long-term and highly satisfactory results, take time to learn the ins and outs of the business. Continue to improve your knowledge especially with the basics in affiliate marketing ranging from advertising to programming, web page development, and search engine optimization techniques. Likewise, study the needs and wants of your site users and how different merchandisers compete with each other.

Keep on trying; don’t get disappointed if your first attempts did not pay off. Thousands are attracted by the possibility of generating skyrocketing incomes through affiliate marketing and so they sign up in any affiliate program without carefully understanding every aspect of the business. When they don’t get instant results, they quit and sign up for another program and repeat the process of just copying links and referring them to others. When you sign up for an affiliate program, don’t expect to get rich in an instant. Work on your advertising strategies and be patient. You’ll never know how much you can get if you don’t persevere.