7 Signs You’re Not Ready For Online Business Success

Dot.com or Internet companies became widespread in the early 1990s, and between 1995 and 2000, Internet stocks were selling at multiples of their book value. Most of the Dot.Com companies had nothing tangible to justify their prices as high as Mount Everest. It wasn’t long before the market began to correct itself and as of October 4, 2002, the NASDAQ Index had fallen 76.81% to 1,139.90 from a March 10, 2000 high of 5,084.62. .

Since the bust, the Dot.Com business had separated the men from the boys with a valuable lesson learned. Many of the children went to their parents’ house to lick their wounds while the men began to search for the keys to commercial success online. In fact, no key to online business success was found, as Internet business was completely new territory. So it became a matter of trial and error to find out what worked.

In 2012, Rich Schefren published his highly acclaimed Internet Business Manifesto advising Dot.Com entrepreneurs to approach all aspects of online business, from listing building to product development and sales, strategically rather than tactically. In particular, he noted that technology is an enabler and that the entire focus should be on developing structures and building relationships rather than seeking tactical advantages like trying to outsmart algorithms.

Since the Dot.Com Crash, many online entrepreneurs have figured out what works and what doesn’t, and the Internet is producing millionaires in record numbers in a variety of niches and sub-niches. One of those millionaires is Russell Brunson, author of three best-selling books: Dot.Com Secrets, Expert Secrets, and Traffic Secrets. These books are definitive guides to what works online. If only to note in passing, as of 2020, Russell Brunson’s net worth was estimated at $41 million; a figure that he built over 15 years.

Scott Cunningham of Social Lite noted not long ago that online entrepreneurs go through three phases: the crawl phase, when you make less than $100,000 per year, the walk phase, when you make between $100,000 and $1 million, and the race phase. phase where he is earning over $1 million. It is in the tracking phase that you need to learn the most.

For those of us in the crawling phase, it’s important to note that, like everything in life, online businesses have their own guiding principles. Those who have great success online follow these principles. The reverse is also true for those who fail. As Russell Brunson and other Internet business experts would advise, do what works. Don’t try to reinvent the wheel.

Here are seven signs you’re not ready for online business success. In no particular order, they include:

1. You are not curious, in fact, most of the time you are skeptical that people like you are building successful online businesses and making money.

2. You are not paranoid, in fact you believe that online businesses are a fad and will soon be gone. Andy Grove, co-founder of Intel, once said: “Only the paranoid survive.” The Internet is not likely to go away anytime soon.

3. You think that social networks are a distraction; if you use SM, you use it for the “social” aspect. Social networks like Facebook, Instagram and YouTube are business tools if you know how to use them.

4. You lack a production mentality, you prefer to consume, and if you do produce, you are inconsistent. To be successful online, especially if you sell digital products, you need to be a prolific producer.

5. You wear the robes of an expert, always asking, “What can someone teach me?” As Steve Jobs said in his 2005 Stanford commencement address, “Stay hungry. Stay dumb.”

6. You focus on the negative aspects: fraud, complexity, technicalities, etc., thus convincing yourself that “it’s not for me.” The Internet has its dark side. It also has its good side. Embrace the positive side.

7. You live a “satisfied life” thinking you’re already successful, so “why bother?” This is the attitude of corporate high income. Why not invest and learn now that you are earning a lot? sooner or later, you will retire.

If you exhibit three or more of the signs I have listed above: you lack curiosity, you are not paranoid about the internet, you hate social media or only use it for gaming, you would rather consume than produce, you consider yourself an expert who knows everything, just go the dark side of the internet and you are too satisfied to bother, the simple interpretation is that you lack an online business success mindset.

The signs simply say that you are not ready for online business success. I define online success as someone who earns a minimum of $10,000 monthly online and massively scales and invests to get from the crawling to the walking stage. My simple advice to you is this: get off the couch, put on your running shoes, and start looking for online business influencers to learn how you too can be successful online.