Earl V. MeisterIf you play games in college, then this article is for you. You might find that it’s not worth the time and effort to finish your gaming hobby when there are so many other things to do with your life.
Matthew Lepre is an author, speaker, and entrepreneur. His books are about how to be successful in life. In his book “Why You’ll Fail”, he discusses the many ways that people fail and what it takes for them to succeed. Read more in detail here: matthew lepre net worth.
Matthew Lepre believes you’ll fail in ecommerce. How certain are you? I’m ninety-nine percent certain. There are many causes for this. One option is to attempt to create something new. To establish a new company or come up with a novel concept that hasn’t been tried before. This is quite dangerous. Especially if money is already limited. It’s likely that it won’t work. Instead, you should follow the lead of successful companies. Examine their marketing, sales, customer service, marketing funnel, items, listings, and everything else. Then do exactly what they’re doing, but better.
THE NEXT STEP: HOW DOES THIS COMPARE TO OWNING AN ECOM STORE?
The second reason individuals fail as entrepreneurs, according to Matthew, is that they do not recruit help. They don’t employ a coach or a mentor with whom they may share ideas. Every firm will face challenges, roadblocks, plateaus, and issues. It’s vital, though, to be able to drop an email or jump on a call once a week with someone who has previously plowed their way through similar obstacles.
The third reason why wannabe ecommerce businesses fail is because they do not concentrate on sales. Instead of attempting to handle everything at first, Matthew recommends spending the bulk of your time finding out how to convert prospects into customers. Get some cash flowing in. Use that money to outsource some of your other responsibilities.
The fourth reason is that low-priority tasks are not delegated. Having your own ecommerce business will include a slew of tedious minor tasks. Almost none of them have a great deal of influence. They must, however, be completed. You can’t be the one who does it. Someone else must undertake these tasks, whether you hire staff, independent contractors, or virtual assistants from other countries. That way, you’ll be able to focus on expanding and scaling.
Lack of self-confidence is another factor for the high failure rate. People don’t think they can accomplish it deep down. It’s more instinctive than deliberate. The problem is, until you address it, you’re dead in the water. You may teach your subconscious mind in two ways. The first step is to develop goals and affirmations. Make a list of them and read them out loud. “I am an Ecom Warrior,” says the narrator. I have a six-figure income. I am at liberty. Life is amazing. I’m thankful for what I’ve accomplished.” The second step is to visualize. Imagine yourself enjoying the life you want by closing your eyes. Do these activities on a regular basis.
The third cause for ecommerce failure is that you’re attempting to run your company while distracted. While attempting to do crucial duties, you pick up your phone and browse social media. These micro-interruptions prevent you from achieving your full potential. Not only that, but studies suggest that returning to your flow state might take up to fifteen minutes. If this is true, how many hours are you wasting by reading every text message that comes in?
All of the following may be aided by time blocking. Assume you’ll be working on Facebook advertisements. So, set aside 90 minutes to concentrate entirely on that. Turn off your phone and leave it in another room. Except for Facebook ad management, log out of everything. All other tabs should be closed. Invest on a pair of noise-cancelling headphones. For those ninety minutes, give all you’ve got to Facebook advertisements, and Facebook ads alone. Then it’s just a matter of being consistent. Working on your company on a regular basis and being aware of these typical failure spots can help you join Matthew Lepre in the one percent club.
ANOTHER OPTION IS TO CREATE SMALL WEBSITES AND RENT THEM OUT.
Katie Smith: Watch this brief video if you want someone who will tell it like it is, respect your time, and show you a company that could really work for you.
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Earl V. Meister