10 Reasons Why People Fail to Make Money Online

10 Reasons Why People Fail to Make Money Online

Our economy is shaping itself in a matter where it’s best for many people to quit their day job and look for work online. In addition to opportunities that are presenting themselves, the added control over one’s schedule and workload is attractive to many.

Yet getting work online isn’t easy. It requires skill, education, perseverance and knowing where to look. At first, it will be slow going, as you build a reputation and gain experience. Fortunately, you can save yourself some time by learning from others’ mistakes.

What Is an Online Job?

10 Reasons Why People Fail to Make Money Online

It’s a broad definition: a job that can be done entirely through the internet. A few of them are location specific depending on the research and side-tasks involved, but for the most part, they are remote. If you have a connection and a halfway decent laptop, an online job is an option for you. However, you may want to learn more about the different types of online jobs before reading further.

For the most part, these jobs can be found through basic Google searches. Alternatively, you can join a platform based around online freelance work or keep a close eye on a few online job boards. After some time, you’ll find the best places for you given your talents and preferences.

Yet before you get started, you should know about some pitfalls and mistakes others make. Here are ten common reasons you should learn:

1) Laziness

10 Reasons Why People Fail to Make Money Online

Just because you’re likely working from home does not mean you are not working. People hoping for a comfy life where they hardly lift a finger will find themselves sorely disappointed.

Getting a job online means having to work hard. You will need to build skill sets, put your name out there, and gain experience in your field of specialization (and we recommend specializing in a certain skill or topic).

You can set your hours and take breaks whenever you want, and we encourage you to live your life the way you want to. Just remember that habitual laziness will get you nowhere.

2) Impatience

10 Reasons Why People Fail to Make Money Online

When people begin working online, they start to get impatient. Everyone wants to start making money as fast as possible. That’s not the way it works.

The start will be full of frustration, disappointment and discouragement. You probably won’t be making very much money. This is when most people give up. They don’t see results right away, which leads them to believe the results will never come. 

Sticking through the rough first three to twelve months will result in achieving your goal. As will continuously dedicating yourself to meeting the online job market’s needs. Being patient will yield the biggest results when it comes to making money online.

3) Fear of Failure

10 Reasons Why People Fail to Make Money Online

The main reason why people fail at making money online is fear. Fear of failure causes people to stop trying or worse, never start trying at all. Failure is a necessary part of the process.

Failure teaches you what you did wrong and what you can do better. It’s the only way to improve yourself. You’re going to make a lot of mistakes when it comes to making money online. Whether you’re starting your own business or working as a freelancer, you’re going to come across things you’ve never done before, and you won’t be very good at them to start with.

Failing and then picking yourself back up is what will make you a stronger, more successful person.

4) Inconsistent Action

10 Reasons Why People Fail to Make Money Online

Inconsistent action is a very broad term that covers every aspect of making money online. Most inconsistent action comes from not having a plan or building a work habit.

Businesses and jobs require daily attention. You have the power to decide when and how much to work, but you still must work and work regularly. Outlining daily tasks and completing them every day will help create a healthy habit.

Consistently applying to jobs guarantees a higher chance of finding work, and turning things in on schedule helps ensure a returning client base. Consistently developing your skill set and work ethics will guarantee higher quality work. Those, in turn, will help you build a good reputation, leading to better jobs and more money.

5) Shiny Object Syndrome (SOS)

10 Reasons Why People Fail to Make Money Online

People tend to get overly excited about starting something new. They develop what is known as shiny object syndrome. It’s when people get distracted by all the new opportunities (shiny objects) before them.

Once someone gets a job, they find it hard to stick with. Not because the work is hard, but because they want something bigger, better, and shinier. And online there is always something that at least appears shinier (albeit this is rarely the case).

This also applies to developing skills. You may want to learn several different skills at once. But if you do that, you’ll most likely end up with a poor skill set. It’s better to choose one thing and stick with it. It will pay off in the long run.

6) A Lack of Self Discipline

10 Reasons Why People Fail to Make Money Online

People who lack self-discipline often have trouble seeing things through. They don’t know when it’s time to work and when it’s time to play.

Online work demands self-discipline. There’s no boss telling you when to come into work, making sure you’re doing your job and telling you when you can go home. All of that falls on you. There are plenty of excuses you can tell yourself, but no excuse will make you money.

You must make yourself sit down and commit to working. The amount of effort you put in directly correlates to the amount of money and overall success you’ll achieve, no matter how cleverly you go about things.

7) A Lack of Useful Skills

10 Reasons Why People Fail to Make Money Online

Another huge problem is not investing in your education. A class that’s a few hundred dollars might seem expensive, but in the long term, it is an investment that is well worth the cost.

There are hundreds of online workshops and classes that can teach you every skill you need to work in some field online. Many of these skills are essential if you are looking for long-term success.

Taking a class will end up saving you time and energy, which you can put towards finding a job. There’s no such thing as a waste of money when it comes to educating yourself, if you put your full focus onto learning.

8) Not Following Your Passion

10 Reasons Why People Fail to Make Money Online

People tend to jump from one thing to another without really thinking about what they really want to do. This includes making money online. If you’re getting an online job with the goal of only making a lot of money very easily, you’re going to fail.

Quitting your nine-to-five job doesn’t mean your work will be easier or more enjoyable. If you’re not doing what you have at least some passion for, it will always be difficult. Especially in the beginning when you’ll most likely make less than $500 each month. This is why it’s important to figure out where your passions lie.

There are many different types of jobs online. If you enjoy art, skilled graphic designers and digital artists are in high demand. If you have IT experience, there are plenty of jobs relating to computer programming and web design. Doing something you enjoy will make it much easier to commit and put in the effort even when the going is tough.

9) Not Building A Network

10 Reasons Why People Fail to Make Money Online

One of the simplest things to do that most people forget is to build good relationships with employers and clients. Connections are the best way to spread your reputation and attract future jobs.

But it also means good communication. Responding in a timely and professional manner are keys to creating and maintaining a good reputation. This is the same for freelancers and business owners alike. Just because you’re not getting paid for the effort doesn’t mean that it won’t be valuable.

10) Not Accepting Constructive Criticism

10 Reasons Why People Fail to Make Money Online

It’s naturally hard for people to hear anything negative about their work. People think that because they’ve spent time learning and working on something it makes them an expert. When someone starts questioning their work, they get defensive because no one wants to be wrong. It’s even harder to take when it’s online because of the lack of social cues. Every wrong thing pointed out can come across as an attack.

Yet constructive criticism is very important for growth. It’s the only way to learn how to produce high-quality work. In fact, unless you have extensive prior experience in the field, your first few works or jobs are probably not going to be very good. And that’s fine. Accepting criticism during this time is most important. This is a chance for you to learn how people think and how they expect finished products to look.

The key to being successful is to accept any criticisms people have of your work. Listen to what they say, think about it, and make any necessary changes. Being able to listen to criticism will help you learn when they are right and when you are right. That’s how you produce high-quality work.

Conclusion

10 Reasons Why People Fail to Make Money Online

Everyone has different views on how to make money. Some believe it should be through a traditional nine-to-five job. Yet more people are starting to see the benefits of working online.

People will tell you it’s not possible because of the cutthroat competition and scams. You may even be telling yourself that it’s not possible because of the hard work involved at the beginning of the process and beyond. Yet the truth is it is entirely possible for you to succeed online.

Having the right mindset and work ethic will be the determining factors regarding your success. Taking action, creating a plan and meeting all your deadlines will set good habits, create a good reputation and get you earning money. The number one reason why most people fail at making money is by not starting in the first place. Don’t let your dreams stay dreams.

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