The genesis of every online business venture begins with the seed of a simple idea being planted into a person’s mind. If such a concept is then nurtured and given the proper means to grow, it will soon become a huge tree and it will bear many fruits for its owner. However, the seed must be planted on a fertile ground and the weeds growing around it must be extirpated, otherwise all will be lost. The weeds I’m talking about in this metaphor are harmful habits some people have. These habits can usually ruin your business and leave you in a bad financial state. Here are three of the most common pestilent habits people have when trying to develop an online business.
#3. Having a Fear of Failure
Fear of failure can be petrifying. It can leave you so terrified of making a wrong move that you won’t make any moves at all. So let me help you get this out of the way – you will fail and you will fail badly. Some of you will do it more than others but all of you will fail in one thing or the other. But it’s OK. There is nothing scary about failing. Failure is naturally occurring phenomenon caused by a plethora of reasons, many of which have nothing to do with you. If you think that everything you ever attempt will be a success, then let me stop you right there, because failing at one point or another is just inevitable. Why is it this terrifying, then, if it’s so rattlingly common? The reason why most people tremble in fear by the sole mention of the word “failure” is because they take it too personally. When their venture is not successful, whether it is the boundaries of business of any other social or personal field, people tend to associate the said failed attempt with themselves. In other words, people think that if they don’t manage to come on top, then it’s their fault because they are incompetent and have to just quit and never make another attempt.
The truth is that this concept can’t be any further away from the truth. Sometimes you will fail, sometimes you will succeed, but whatever happens, you need to cope with your negative emotions realize the fact that sometimes things are just out of your hands. More often than not, results have nothing to do with you. Don’t be afraid to experiment and fail. That’s how you will learn and get better.
#2. Being “Jack of All Trades”
Trying to be good at everything may sound tempting but it’s not really the formula for success. Many endeavors fail because they start countless different projects but never manage to finish even one. It’s much better to be outstanding at something than being able to do everything in a mediocre fashion. In online business, where there is a strong competition, second-rate enterprises are quickly buried under the much stronger businesses who have recognized the importance of focus in their venue.
#1. Copying Others
Even the best replica doesn’t have a cost remotely near that of the original. That’s because being original matters as much as the quality of the given product. It doesn’t matter what the merchandise is – this is a universal rule and it has a strong validity in online businesses. If you want to have a successful business, you can’t afford to copy what others are doing because odds are, even if you manage to beat the original, people will still prefer it over your copy.
If you manage to overcome these three most common habits, you will be well on your way to becoming a successful online businessman.