6 Unusual Reasons Internet Businesses Fail

by admin on 10:35 am

I’ve been at this game a long time now.  Out of about a 1,000 internet entrepreneurs I’ve had as customers, students, and clients, I’d say only about 200 achieved a level of success they were very happy with, and only a few dozen achieved success beyond their wildest dreams.   The rest have come and gone.  (Virtually every internet educator will give you similar numbers by the way)

I woke up this morning feeling disturbed by all this

So I spent my Sunday morning creating this free video about 6 almost-never-talked-about reasons why the vast majority of internet businesses fail.  I hope you’ll make use of it to become one of the few who succeed beyond your wildest dreams, or at the very least, to avoid some of the money-sucking-black-holes most people don’t see until it’s too late.

6 Unusual Reasons Internet Businesses Fail – PART ONE:

How to Do It Yourself | Coach with Glenn

6 Unusual Reasons Internet Businesses Fail – PART TWO:

How to Do It Yourself | Coach with Glenn

6 Unusual Reasons Internet Businesses Fail – PART THREE:

How to Do It Yourself | Coach with Glenn

{ 29 comments… read them below or add one }

Dan Pfister 09.20.09 at 11:36 am

Fantastic videos Glenn!

Pure gold.

Dimensionalizing alone is responsible for doubling the sales of one of our products.

We talk about how managers who read 7 books or more a year earn 2.83 times the average then we show them how to get this same knowledge in a fraction of the time and prove that with stats too – the stats/proof made all the difference.

I guess I just dimensionalized my appreciation for the videos.

Dan

Chuck B 09.20.09 at 1:14 pm

Hi Glenn, this was great — thank you for sharing. I sure hope my competitors are sleeping in today and miss this, haha.

There were several spots it seemed as if you were speaking directly to me. You definitely know what I “smell like.” (Either that or you have incredible telepathic powers!)

I do have a couple questions.

1. It’s really hard for me to trust a model until I have first-hand experience that it’s going to work. Before that, it’s blind faith. Aside from trying a bunch of different things and seeing what sticks, is there a smarter way to find that model? Yes, I can see what models other people are using, and that they’re enjoying success with those models… But that doesn’t necessarily mean that their model will work for me (or that I will work for that model). Until I taste success first hand, I don’t have that “knowing” in my core that it will work.

2. How does one go about divining their center of gravity principles? Can you offer some example principles? Is it just knowing what your customers smell like and putting together a message that makes them feel like you’re speaking directly to them?

Thanks always,

Chuck

Mike Mindel 09.20.09 at 1:15 pm

Hey Glenn -

That was a really powerful series of videos. I loved the dimensionality principle and the stuff about the wrong model.

Cheers!

-Mike

Bill Keidan 09.20.09 at 1:17 pm

Glenn, this is really profound, mature and perceptive advice which goes to the heart of buying online. I like your attitude “I know it’s difficult, but there is a way through to live your dreams”. Thanks for giving us so much with the promise of even more to come.

Elaine Drennan 09.20.09 at 2:14 pm

You ARE making a difference Glenn – to ME anyway!

Elaine :)

John Chancellor 09.20.09 at 2:47 pm

Great lesson. Your observation that so many people get stuck in the “pain free” zone of learning what to do is right on target.

I think the biggest single block for most people is lack of confidence. You are totally correct that lack of confidence keeps people in the pain free zone trying to learn more techniques and tactics instead of taking the action.

Your solution gives everyone a good blueprint of what do to.

Are you making a difference? For those who will listen, a huge one. This was a great lesson.

Dave 09.20.09 at 3:49 pm

Great work, Glenn. Thanks for taking the time on Sunday to publish this and let me know about it.

stefan 09.20.09 at 4:32 pm

thanks Glenn

Natalie 09.21.09 at 12:13 am

Thanks Glenn.
This was a valuable piece of info.
Regards,

Ade Martin 09.21.09 at 2:30 am

Seriously, doesn’t this just knock all the hype gurus into touch?

Well presented, incredibly informative and from-the-heart honesty.

Superb.

Thank you Glen.

Naomi 09.21.09 at 4:52 am

Hey Glenn,

the centre of gravity marketing message reminds me of when I was training in Aikido, a Japanese martial art. The idea is always to keep your centre of gravity, and to bring your opponent off balance into your centre of gravity. Then, you can channel their energy and motion wherever you want.

The idea is, if you keep to your centre (hara) you can defeat any opponent, regardless of their size.

Thanks for the focus.

Don Stewart 09.21.09 at 6:28 am

Glen, well done, I am just starting my Blog and needed this kick..

Helping recession guys and gals figure out how to start up a small business to survive……….(pick the right one for you) not just selection but \"HOW\" to do it… Thanks for your thinking….right on…..check my post from your advice…

Robert 09.21.09 at 9:07 am

Thanks Glen
Great content as usual, I particularly like the idea of checking out the competition and reverse engineering their model. It is such an obvious move but one that I haven\’t implemented because I get so wrapped up in thinking that I loose track of what I am trying to achieve. This plan alone should save me hours of wondering \"what to do next?\"
Regards

Lillybeth 09.21.09 at 3:48 pm

Wow – gold mine! New insights are so valuable. I don’t even use ad-words (Yet) but I found application for my role as a weight loss coach running a community weight loss challenge. :-)

Ie. So many people pay for diet/meal plans and get a lot of knowledge on WHAT they should be doing to loose weight and be healthy. And without really putting them to the test, they go from one method to another – picking up pain-free info along the way, but never get to the HOW and do it.

My challenge is to be the end of the line and offer a solution that is intelligent/provable AND practical in the world of weight loss where there is so much info out there.

Will refer to the presentations in the next couple of days to glean more. Thank you again, Glen.

Michael 09.21.09 at 5:03 pm

Glen

thank you for the sound advice.

Michael

Philip Baldwin 09.21.09 at 9:25 pm

Glenn, again you talk to many, but it seem it seems as if your just talking to me. It is exactly what I am going through right now ( the part where I keep going back to the Chocolate Keyword candy store.) Time to step back and re focus. Thank you for the kick in the ass

joe 09.21.09 at 10:55 pm

“Insider Reveals Shocking Details… boy you sure nailed it… thank you. Joe

Ralph 09.22.09 at 3:17 am

I can assure you, you\’ve made a difference with the above videos. There seems to be a general backlash against gurus who sell the \’why\’ and \’what\’ without the \’how.\’

They frustrate their followers and do damage.

I see the better, longer established gurus are giving away more \’how.\’

John Hunt 09.22.09 at 9:57 am

People can avoid a lot of frustration if they develop and follow a marketing plan. It seems like people chase the chocolate and never plan a well-balanced meal. Good stuff Glenn.

Glen McNiel 09.24.09 at 5:13 pm

Glenn you are speaking straight to the heart of what a lot of people are going through. I’ve seen those patterns in my own life for sure, and still do at times.

Thank you so much for communicating it so clearly! I’ll be passing it along.

Susan Connors 09.30.09 at 1:42 pm

Hi Glenn

I have added your videos to my blog – they are very useful.

Thanks heaps

Susan Connors
Australia

Shirland 10.01.09 at 11:40 am

Dr Glenn, it seems like your unusual ways people fail covers the main reasons that they usually fail. I think that people look at failure as a major setback and instead of standing up they just continue to stay down. You must learn from your setback and recommit yourself to being successful. I don’t know too many jobs that don’t have a learning curve. Why are people looking to be successful during the two weeks of their excitement phase about finding a new business opportunity?

Jeff 10.03.09 at 1:10 am

Great post,

But I am wondering if dimensionalizing will work for every market, for example for some market the visitor just want to see the products and make a decision if interested in the product to get more information, in that case dimensionalizing would not be a smart move from the start but should be available somewhere on the site if the person ask for it.

This is just my point of view, I would like to know what you guys think about that.

Frederick Specht 10.09.09 at 10:32 pm

I am a retired lawyer and CPA by trade [don't even know if I have a right brain<g.] The autopsy should be interesting…..Your analysis and presentation resonate fully with me after about a year or so of part-time drowning in the muck of "what to do's" You have given me much to think about.

I would never have found you without the help of Perry Marshall to whom I am also indebted for so much clear thinking and valuable content. The two of you and just a very few others are in a special class all of your own. Keep it coming!

John Dyer 07.31.10 at 5:09 am

Glenn,

Excellent advice. I see so many people stuck in the \\&quot;Happy dreaming\\&quot; stage of starting their own business, almost addicted to it. They don\\\’t even want to hear about the realities of what they are trying to do. You are right that people need a balance and goals that can be chunked into attainable tasks. As far as I see, it\\\’s a lack of confidence that is the single most identifiable trait of people stuck in that \\&quot;excitement\\&quot; phase, refusing to get out. I think people need to find very easy, attainable first goals to redirect the excitement to actual business progress, ie. \\&quot;Let\\\’s get one person to call.\\&quot; \\&quot;Let\\\’s get one client.\\&quot; \\&quot;Let\\\’s move up the search engine rankings from page 357 to page 321.\\&quot; I found in my case that actual achievement, no matter how small, can do wonders to shift your excitement from dreaming to achieving. And once you get addicted to the excitement of acheiving, you are on your way. Great stuff Glenn. Thanks for sharing.

Orestes 08.02.10 at 4:35 am

Hi! Glenn,

Thank you so much for the great information you´ve shared.I´m very familiar with many of the things that you mention as I work many hours.But thanks God I´ve found the energy,the determination and the focus.
Thanks again and have a wonderful week!

Blessings!

Alan - $100K Small Business Coach 08.02.10 at 5:11 am

Dimensionalizing is definiting a major part in marketing seems compelling.

As a quality and process person who’s always looking for a measurement to determine how to compare the value of one product over another, I feel that a value statement, the dimension, provides the differentiator.

People actually buy the most valuable products that they can for the price, so if they don’t have that value, the dimension, available then every competitor is “just in the ring” with no differentiator. But if one stands out because he’s declared the value of what he delivers then he’s on top simply because he was the one with the guts to do so.

The Pencilneck 08.03.10 at 12:03 am

Hey Glenn! Awesome! I needed this…

David Stanley Epstein 10.02.11 at 9:15 am

Glenn, As usual thank you for your very gracious sharing of things really valuable. One thing which is never talked about, not even by Glenn ( I got it from a $100 consult from Rocket Clicks GREAT VALUE!) is that there are some things where there may not exist an internet market for. We are a successful business which has a tiny niche and no competition. The key seems to be that if you have no competition on the Web, it may be that it is because there may be no market for it on internet. When people search the keywords they use are what they are thinking at that moment -Perry Marshall. If nobody has ever heard of what you do/have they probably won’t search for it. This may save some 1 year of struggle and Thousands of $. Good luck all.

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