Everyone thinks that earning online money or earning passive income is a very easy task or job, but in reality, it is not that easy. Due to such assumptions, many people who had started earning online money have failed miserably. Some started earning few dollars for a weeks or months and then they stopped. Few of them were successful and they continued what they had started.
For example, if 100 people think of earning online money, 50% of them will actually start and the rest 50% will drop the idea. Out of the 50% who have started, around 30% will drop after few months and around 10% will drop it after a year. So, in actuals only 20% will continue earning online money.
There are various reasons as to why people fail in earning online money. In this blog, i will disclose the 4 reasons why online earning fails. The main source of online earning is websites and blogs, and we will see why people stop the online earning method in between.,
No Traffic - Less Visitors
If you have a website, blog or an online store, you need traffic so that there are lot of visitors on your website. A website or a blog becomes famous if it has daily organic traffic. If you have a website, daily traffic means there are daily someone visiting your site, there are chances that some might click on ads being displayed on your website.
Website will die if there are no traffic and eventually it will shut down. Traffic can be increased either by free source of by paid source, there are multiple softwares, tools and websites which can double your traffic in 2-3 days but one has to shed some dollars for such paid source. The best traffic generating tools are social media platforms like facebook, instagram, reddit, linkedin and twitter.
When i started my website 12 years back, i used to get daily traffic of 4-5 users, this was increased to 100 users after a month. After a year, i used to get daily 5k users, thus increasing my website earnings. So to conclude, the more traffic, the more online earning.
Quality Niche or Audience
Some have thousands of visitors but still they complain or have queries that their website earning is very low. This is because; the traffic is not of a good quality. Let me share an example with you. If you have a travel blog or a travel website, but the audience to whom you have shared your website are least bothered about travel. Then, obliviously they will not visit your website, as they are not interested on your articles and blogs.
On the contrary, if the audience consist of people who love travelling, the results would have been different. No matter if you have hundred or thousands visitors, quality matters a lot.
Search for a niche who you think will like your website, respond and interact with the site, this is called as a quality traffic. Even if you have thousands such visitors, you can easily earn more than $100 in a week. So, focus on quality rather on quantity.
To get the desired results, one should have patience. One cannot assume that one can become rich in a night through online earning or passive income. Online earning will test your patience as it is a slow process, but once you are set, you will see excellent results. People who are impatient will stop in between as they think that it is not worth it, but people who think other way out, will succeed.
Some of the online storeowners, which i know took more than 2 years to start generating profit, if they would have just waited for 3-6 months they would have been losers.
Passive income from affiliate marketing, email marketing and network marketing require minimum one month, but it can go up to 1 year as well. So have some patience and i am 100% sure you will succeed.
No Feedback from Customers
How will you know or differentiate if the product or service which you are advertising or marketing is worth taking. You need to have customer feedbacks every monthly, understand their concerns and suggestion and accordingly act on it. Your customers will give a honest remarks and these remarks will be boon to our company.
In fact, in each and every store there are already people waiting for customers feedback. I have kept a Quarterly review of customer’s feedback.
Feedback from customer are very helpful, it shows the global market trend. Most of them give honest reviews, these reviews and feedback will help us to decide which products to purchase and whch to avoid, what are the drawbacks and events.