A Story Of The 97.5%
I had an interesting call today...
One of my best friends in the world got in touch with me and then hit me with this bombshell...
"I wanna start an online business...!"
I've heard this from friends and relatives for almost two decades now, mostly because they know I've been building businesses online for the same amount of time. But I also hear it day in and day out, in the trenches...
And it's understandable.
There are so many opportunities out there and now combined with everything going on in the blockchain space...The world is literally changing in front of us!
But when my friend stated he wanted to build an online business...I cringed.
Not that my friend wouldn't be a fantastic online entrepreneur, he's one of the hardest working dudes I know...But because I could do 1 of two things...
I could say....For sure man, you can do it! Go all in!
Or say - You can do this man, but let me be honest with you....97.5% of people that start an online business...Usually give up or fail within the first year.
So I did a combination of both....
The conversation went like this...
"I have to tell you man, I hear this all the time from people that are super excited about building an online business. They will hear the stats about the huge percentage that fail, but convince themselves they are different. They have confidence in their ability to build something and stick to it...Long after their competitors have given up!" - Me
"Yeah man, I know it's going to take years. But if I start at this now, and be a sponge for the first year...I'll be able to start making some money in year 2..." - Friend
"You could...But there is no guarantee. Check out this guy Roberto Blake on social media. He talks about content creation and how it takes about 100 piece of content to even get replies and comments...And then another 1000 before you start seeing any traction on the money side of things....." - Me
"Oh no doubt...I'm thinking long term here!" - Friend
"I don't doubt it, but I'm warning you man...Everyone says they are in it for the long haul..And then 3-4 months go by and they aren't seeing any results. Instead of pushing forward, they give up..." - Me
This is a conversation I have...Almost weekly in my online business!
Everyone SAYS they are in it for the long haul...But are you?
Sometimes I feel like I just need to go with that first option above....
Just tell people..They can do it, go all in, don't listen to the naysayers.....
However that would be misleading. Because here's the truth in my opinion when it comes to building businesses online.
1. It's going to be a lot of work!
2. It's going to cost time, money and sacrifice.
3. Your competition will be forever trying to 'beat you' by improving.
4. You need to embrace new technology to maintain and grow your market position.
5. You MUST be consistent!
6. You CAN achieve greatness. Just be honest with yourself about how long it'll take.
7. And no one knows how long it will take...
Can anyone build a business online?
Absolutely. If they humble themselves and learn the right techniques and grow everyday...For sure!
However if they expect instant riches. A timeline that they determine. And a smooth path towards success....
Well.....I'd say welcome to the 97.5%
The Union Is Here!
Blockchain meets Affiliate Marketing....
=> CTP Condenser - https://www.CTPtalk.com
=> CTP Token on Steem-Engine - https://steem-engine.com/?p=market&t=CTP
=> CTP Miner on Steem-Engine - https://steem-engine.com/?p=market&t=CTPM
Posted from my blog with SteemPress : http://plus1daily.com/a-story-of-the-97-5/
There are not magics every business need a lot of efforts and sad to see that many people don't understand it
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Agreed. t's not the easiest thing to hear because effort isn't something people wanna put into businesses online lol
Make sure to warn him about getting to comfortable about his business at any time as it can be gone and you have to start all over again, and as you well know that can happen at the drop of a hat. I grew mine and then snap it was gone, had to start all over but you just keep at it and you will be back on top again.
ha ha ha so true. the great paypal adventure lol
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I had a similar discussion with my brother but it was the other way around. He is living in Thailand but is not allowed to work in the real economy. I tried to show him way to earn online.
When you live in a low salary country it is easier to make a living on the internet simply because you need less to live. I tried to show him the potential of steem and cryptos. I failed and it taught me a lesson. Running an online business is by far not for everybody.
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that’s a great point. entrepreneurs are a weird breed. we bust our tails for the chance to create something. yet there is no guarantee we will. not everyone has that risk in them.
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This is a piss-poor comparison, the worst example anyone could think of to use here but here I go as usual sharing it in public!
There are naysayers all the time I hear saying that earning from crypto faucets aren't even worth the time it takes to type an address in the omnibar. This saddens me because it's usually in response to some newbie who's asking
Are faucets a viable way to earn an income?and people just straight up tell them it's useless and to not even give it a second thought. It already irks me when people who are being looked at to provide information try to misdirect someone's ideas/thoughts in a way which could make them not even try to pursue it, solely based on the negative experience the responded had.. Little do they know their bad experience was due to their impatience and lack of motivation.I won't say faucets will pay the bills or that one could trade daily faucet grinding for a full time job, but I will say that faucets can be a very substantial way of earning crypto (totally free crypto by the way, every satoshi being a profit). Starting out with 0.00000000 and watching it increase by 28 sat a day can be de-motivating though, and the first 14 days become the crucial make or break point, but after those first weeks you get to slowly see the accumulation build up and then that starts to fuel you with motivation! Before you know it, you're selling $70 worth of BTC on paxful and placing real-money bets in an online casino using crypto!
Then you start to supplement that free faucet coins with various other methods of free earning (blogging, games, bounties, tips etc) and before you know it your foot is in the door and you're starting to build your tent up in the corners of the cryptosphere!
Never investing any fiat in your crypto collection I think gives some a slightly different outlook on it's value too.. and my goal was always to earn crypto to pad my entertainment fund - now I am able to have a lot of fun that I could never have before due to being completely broke on the fiat front!
But I went way off topic here.. but my point was many people jump into things too quickly and don't have the rational to see that they aren't the type of person that can pull it off. Everyone thinks they are motivated, nobody thinks they are really looking to get rich quick and think they have the patience to pursue their dreams.. but you're right, 97.5% of people need to wake the truck up and realise they are their biggest hurdle in life.
I realy loved your comment. About 3 years ago I started claiming from faucets. Everybody around me made fun of me because I was wasting my time. 3 years later I have seversl thousand dollars worth in crypt without ever having invested any fiat.
I started claiming from faucets. Then run my own ones. I went into affiliate marketing and blogging. What I like about faucets is that the only thing you need is time. You don't need to invest anything to start earning.
Best regards
Achim
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I love your comment too!! This is the exact story of me, except I am still within my first year, but still doing faucets daily! I may not play games everyday or may go on hiatus from my blog for awhile, but there is not a day that I'm not claiming from a faucet!
I used to think I was alone and wondered if I was being foolish advocating for people to use faucets more; I don't feel so bad now!
Even after 3 years I'm still claiming from some faucets every day. I'm even running a list of the best paying sites. Maybe there is a site that you don't know yet:
https://www.ref-hunters.ch/landing/top20/
Best regards,
Achim
You hit the nail on the head....
You keep doing this stuff, even if it seems small...Before you know it, you have stacked enough crypto to play around with it.
That's the big reason I want so bad for my community to come on board and start blogging and start creating every day....The more they do, the better the results will be down the road.
On or offline building any sort of venture is fraught with challenges... most of which stem from the entrepreneur. Having the discipline to be consistent, being willing to learn every single day, and applying yourself to not just the run tasks of the business endeavour but also the visionary build projects... that’s what it requires.
I like how at the end of your post you say:
That’s the interesting part of Entrepreneurship. The uncertainty is what makes this all an adventure!
Thank you for contributing to the growth of enterprise here on the Steem Blockchain. This was a thought provoking read.
Followed & Upvoted.
Posted using Partiko iOS
thanks man. appreciate the comments and the follow :) yeah. that’s part of being an entrepreneur we bust our butts for the opportunity. never the guarantee.
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Great post Jon the shame of it all is that is 97.5% of people who started a business online failed because they were not willing to put the work in to get where they wanted to be. They wanted instant riches thanks mainly to all the get rich quick ad's all over the internet. And when that didn't happen they quit. and that is to bad well that's my 2 cents. Also I've resteemed this post
thanks man. appreciate that. yeah instant riches are never a good game plan.
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I was working whole my life for myself and tried a lot of things... Some of them were great, others less great, but I was pushing forward...
I want to be honest here and I can't lie that it's all roses and chocolates... As a matter of fact, today I'm in a really bad position with my online businesses, but I refuse to be one of those 97.5%!!!
Thanks for this great post Jon!
yeah man. i completely hear you. last two years of my life have been a mess. but it’s starting to turn around. showing up everyday and pushing forward helps.
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Thank you Jon for an honest look at building an online business. I have now had my traffic exchange, Tornado Traffic for 2 years now and am starting to make a little bit of money with it. It would have been real easy to say "This doesn't work this is a waste of my time." But, I have continued to grow this site to almost 1000 members.
keep going man. ctp promos could help out a ton as well :)
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This is a lesson if more people would understand at the beginning of their journeys, it would spare them (and others) of a lot of disappointments.
lol absolutely. no one tells you this when you begin. they are usually just trying to get your money from you and will tell you anything.
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Great points @jongolson, but this is also where Steem and CTPtalk can really shine, and especially with the CTPtalk tribe you start earning from day 7, and then you just stick with it and continue to make money, that is very powerful, even if it takes a lot of hard work and dedication to grow it.
agreed. i think that’s why i’m so excited for this. it’s the perfect gateway for both steemians and ctp members.
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👍😀