Why Certain People Can’t Make Money Online

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It goes far beyond laziness or frustration (although those are two common factors that lead to failure). The reason that those people fail is because they don’t know how to analyze their own situations and respond accordingly. They also lack the willingness to learn from their mistakes so they can avoid them in the future.

Every true entrepreneur analyzes and makes adjustments on a regular basis. Take Steve Jobs, for instance, Founder and Savior of “Apple”. He literally created and then recreated the company to make adjustments based on what he needed.

He tried something, did some analysis, and then tried something else until finally he found a proven method. And even now, he and the company are still making adjustments to suit people’s needs. It’s all about realignment.

All those people who cannot analyze and adjust themselves on a daily basis, or rather on an hourly basis, are bound to fail. That’s just how it works. If you go back in history, you’ll find that every person who has ever been successful has earned money from constant readjustments.

They have looked at their situation and made the changes necessary to succeed. Thus, for you to be successful online, you have to have the ability and willingness to learn and grow at all times. Without the ability to adjust, you’re just going to fall into the pile of washed-up internet failures.

Learning seems to be the one thing that people forget to do online, and those that do often lack the perseverance to continue learning all the time.

When you fail and have the ability to recover quickly, you develop the ability to adapt. When changes happen and new things come in, you have to recognize them quickly and learn how to move on from there.

There is a broader reason why people fail to make money online, and it has to deal with the aspect of psychology. Specifically, it deals with two different categories of psychology – life psychology and business psychology.

Everybody has both of these thought processes in their minds all the time, it’s just that some people don’t have the right kind of each of the psychologies.

You have to tune your mind to think the right way in order to succeed. Confused? Well, let me explain…

People will commit the same mistakes over and over again because the way they measure success is already preset. It’s very hard to get people to see beyond that pre-determined level in their minds.

For example, if you make $100,000 every year and consider that a successful income, you will continue to make $100,000 every single year, no matter what changes in your environment. Why? Because that is where your success meter is set.

This concept was introduced by T. Harv Ekkar, one of the top financial success coaches in the world. In his book “The Millionaire Mind”, he brings up the idea of this financial meter and discusses why people have such a hard time altering it.

As far as the business psychology is concerned, that involves common questions that cross our minds, like “How do I create a product? How do I develop content? How do I generate traffic? How do I build a client list?” These questions are actually the things that often handicap us, either by leading to frustration or confusion.

Lack of knowledge often leads to discouragement, or even worse, bad decisions. When people don’t know the specifics involved to go beyond those questions, they start jumping from one fact to the other, desperately trying to learn these things. In the midst of all this jumping around, people actually lose out on the right kind of psychology that will eventually lead to success.

Everyone makes excuses for their actions, and most blame their issues on failures, claiming that they are the result of hard work that isn’t producing results.

In reality, these excuses are the result of issue in a person’s psychology, not failing results. The person very well may not be doing anything wrong. The excuses just come from a pattern in the brain that results from a lot of frustration. The brain won’t accept the fact that it’s not getting any gratification for the work that it’s doing, causing people to come up with various excuses. This is what’s known as the life psychology.

Now, let’s go back to the business psychology for a moment. Believe it or not, we all have natural instincts that tell us what we are selling and how we should be selling it, and these are the results of the business psychology. This also tells us how we should be buying things, or who our target audience is (who’s going to buy our product).

These thought processes are built into our business psychology. In spite of what you may think, you do not have to learn business; you already have those instincts within your mind to succeed. What you have to do is tune into the instincts that you already have and make the adjustments to fit the current market.

Sounds simple, right? Well, it can be once you know what to do.

You have to realize that in order to succeed on the internet, you have to have certain goals in mind. Exactly how much money do you want to make within the next 30 days? 60 days? 90 days? And how are you going to do that?

Your answer to that question is probably something along the lines of “As much as I can in whatever method works,” right? Well, eventually you will have to get past that state of mind.

The people who are already making money online are the ones who already have a sense of forecast in their minds, the ones who know what to do, when to do it, and how much they’re going to make. You’re new at this, so you may not know all of that yet, but you will be able to figure that after some experience, and you’ll be able to set even higher goals every year as a result.

So how do the people that are already making money come up with their goals and predictions? Well, they figure out which products they are going to launch, who they may partner up with for the launch, and how much money they made off the last project they did. If they are good at what they do and are consistent in their methods, these successful entrepreneurs end up with forecasts that are around 90% accurate.

That’s how they know that they are going to make a certain amount of money that year. They can use their knowledge and the goals they set (which they assume will be attainable based on previous experiences) to determine that they will make a specific amount of money that year. That’s how they end up being so accurate in their forecasts.

But if you are new to the internet business world, you don’t have the same tools that these people have to make forecasts. You may have a vague idea regarding your business and what you want to do with it, but nothing really beyond an “idea”. Thus you are already at a slight disadvantage when you enter the field.

Another thing that often hurts people entering into an online business is that they have no sense of urgency like the already successful people have.

I know so many internet marketers who make excuse after excuse for not making money, saying, “Oh! We’re still learning” or “We are trying to do this and that” or my favorite “I am still figuring out what my sales process is!” What do all those excuses reveal about them? Nothing but a sheer lack of urgency.

Come on – what are they figuring out? The sales process that they follow is usually very simple: write a good sales copy, have a good product, find a good market, get some traffic and let it convert.

Well, guess what – none of that will work if you don’t know what your price point is! So, before you set out to sell something, you have to find out what your price point is. Start by testing out a few different price points and see which one works the best. If you just say, “Well I am still figuring out my price point,” then it shows that you are not ready to really earn money from the internet yet.

All you are doing right now is thinking, and that’s just about all you’ll ever do if you don’t start testing things! Thinking leads to money in the mind, not money in the bank.

One of the legendary orators Cavett Robert once said ..

    “Yesterday is a canceled check, tomorrow is a promissory note; only today is legal tender, only now is negotiable”

So you can think a lot…think as long as you’d like, but eventually you’ll end up doing nothing, and even worse, making nothing!

I have seen this cycle of constant thinking happen to a lot of people, and this is often called pulse analysis. They go on analyzing, learning, and again reanalyzing; but they never take any action.

No action leads to no money, and that often leads to frazzled emotions, frustration, and forfeit. During this time, these people just go on struggling, and then when someone asks them a question regarding their progress, they immediately become defensive about why they aren’t earning any money.

You want to know something? When people are making money, they aren’t defensive at all; but when they aren’t making money, they are suddenly very reactive.

The more defensive a person gets, the less likely that person will be open to new ideas. This close-mindedness prevents the people from being able to make the adjustments necessary to evolve. They are so frustrated with their current situation that they miss opportunities that come their way, which only leaves to even more failure!

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  • I think that persistence and consistency really play a huge part in success. I also believe that anyone can make money online if you just put in enough time and effort. You don't have to be good at writing or marketing in order to succeed, you simply need to understand the process and steps required in order to become successful.
  • Very profound Srini. I think you have helped me to identify some problems that I can correct.
  • gorichonline
    Thanks Steve, Appreciate you stopping by and finding this post relevant

    Srini
  • Nguyen L
    A great post combining a lot of common sense and business sense. Many of us pass up on opportunities because we don't make a decision. Time to take committed action and you will see better results !
  • Srini Saripalli
    Hi Gaj,

    This is one of the chapters in my e-book that will be out shortly. I spent last 2-months tweaking a tele-seminar transcript I did on how I made "$10k in 42days" about an year ago.

    Will keep you all posted.

    Thanks
    Srini
  • Gaj
    Hi Srini,

    First of I am amazed to see this looooooooooooooong post so late in the night but to be honest you have touched few critical elements mostly overlooked by many people who are trying to be successful online.

    in my opinion making money and becoming successful are 2 different elements however becoming successful always leads to money and many other intangible benefits and rewards.

    You post will certainly trigger many conversations and some serious thoughts for everybody who is serious about their success online.

    Thanks
    -Gaj
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