Why 95% Of Online Businesses Never Make A Dime
- Author Gary Kidd
- Published December 16, 2005
- Word count 880
Let me ask you a question.
Why did you start an online business, or why do you want to start an online business?
Without knowing you personally, I suspect your answer is, to make some extra money?
For many, it is to make enough money to replace their current job and work full time from home.
For a few, it is to get filthy stinking rich!
So, when you started out, did you make a cash flow forecast? Hmmm....probably not?
If not, what would you say if someone was to offer you a better job? Chances are, you would ask HOW MUCH DOES IT PAY?
Did you do that when you decided to join some of the programs you are in now?
The simple truth is, most will never make a dime online. There are many reasons for this of course, but, ultimately, it boils down to one major factor.
Nearly 95% of the people working an online business are PART TIME! These part time people move from one program to another. You probably either know that from experience, or, you do it yourself.
So why do these part timers go from one program to the next in the hope the next one will be "The One"?
The real answer is simple. These part time people are not making a profit, because if they were, do you honestly think they would leave and move onto something else and leave behind that extra income?
If you were making say, $500 a month from a program, would you leave to start again somewhere else?
Another major factor is that most programs do not realistically offer a good chance for these part time people to make a $500 a month profit. Many require you to have up to 100 people or more in your downline. Again, this for most will never happen. So, they move onto the next program, never really understanding why.
But what if there was a program that rewarded these part time people? What if it only needed 20 people in your team to make a $500 a month profit?
Imagine if your downline was full of part time people making such a profit each month? Do you think they would then leave?
Referring back to the statement above, if someone came to you and offered you a new job, your first question would be, how much does it pay? Your second question would be, what is it you want me to do?
So let us look at your current program. If you want to make an extra $500 PROFIT each month, do you know what you have to do in order to earn that? Do you know how many people you must recruit, and how many your people must find?
If you know the answer to this then fine, if not, look at your pay plan and sit down and work it out.
If your program costs more than $250 to join and the monthly costs are more than $250, then your chances of recruiting others online will diminish.
If your program costs $20 to join and $20 a month, then your chances of making $500 will require a downline of around 250 to 500 people, or more. Are you capable of achieving that working part time?
What if your monthly costs were around $150, which is not that much really? What if you only needed FOUR people? What if they only needed FOUR people each? Realistically, do you think that is a possibility?
Even part time people should be able to find FOUR, if not, then they should seriously think about what is they are trying to do online, apart from losing money.
Even if it took you three to six months to get 20 people in your team, you would then be making a $500 a month PROFIT. Can you see yourself making that much with your current program when all you have done is find FOUR people?
Take my advice. Stop falling for all the hyped up JUNK out there. Either you are in business to make money or not. If you treat your business as a hobby, then it will only pay you a hobby's income, more than likely lose your money.
Did you start your online business to make money? If so, then do your sums. Find out what you have to do in order to make the sort of monthly income you desire.
If any program requires you to recruit more than FOUR people in order to earn a good part time income, then do not join it. Find one that does, because it is the part time people in your business that will make or break you.
Regardless of how successful you become personally, your income will always be determined by the part time people in your downline. If they know what they have to do in order to make a profit, then they will stay. If they have to find more than FOUR, they will leave after one, two or three months maximum.
Remember this:
You would not start a new job if you did not know how much you would be earning or what you had to do. So why on earth should you start an online business without knowing what you had to do in order to make a decent profit.
Sincerely
Gary J Kidd
Gary J Kidd has been online for over six years. He works full time from home on his business. He has downlines in some programs of over 15,000 people. He has introduced two major systems to help his part time people make a profit from home and stay in business. He shows people exactly how to make a $500 a month profit with only 20 people in their downline, using a simple system. http://www.gjkgroup.com/recommends/new
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