This is a very different world and a great leveler.
Someone with extensive corporate experience and someone who is yet to create an
email id - both have equal chances to succeed. A seasoned professional and a
fresh graduate can both do well here.
The point is, regardless of your past expertise or
credentials, you have to start here from scratch. Your experience can be an
advantage or give some competitive edge however the beginning is the same for
everyone – a user name, a profile and a portfolio.
Here it is just the quotient between you and the client
that matters. It takes time to build that. Here I have listed top nine reasons
why many beginners fail to make any online income.
1.
Not
ready skill wise
In the corporate world you probably lead a team of ten
people. You have closed the best of deals and you were star performer in sales.
That’s history. If you cannot identify
at least three skills that you can offer as service in this gig economy,
you are not ready for this.
2.
Rates
After you have identified your skills, if your rates are not competitive that will
definitely hinder your progress. If you set up an hourly rate based on last
salary drawn, it may not attract buyers as your portfolio however attractive is
not showing any customer reviews or testimonials to build conviction in buyer’s
mind regarding how good you are.
3.
Target
Market
If you are great in creating websites or presentations
or logo designing or writing business planning there is a ready market out
there.
However there are many who have skills like proofreading, typing, data entry, customer service or research – it is critical to understand who and how you can support with your service so that your skill, though average and easily available, is valuable to your target audience.
4.
Pay
Check Saturation
There is no need
to establish this income. Just when the panic buttons are on (company re-structuring,
job at stake, work stress, hyper controlling boss, sales target pressure,
financial dissatisfaction) , a few sites are explored and then back to comfort
zone. As the income here is not steady, many still remain dependent to their
pay checks and jobs, little realizing the potential of the opportunity in hand,
if built in a planned way. This shortsightedness has a reasonable impact on
their state of inertia.
5.
Habitual
thinking pattern
If you are non-reader (Books or even read online) –
getting you to read terms and conditions of different sites, how to guides or
do research is a huge challenge. Building that discipline itself is a Herculean
task. Based on habitual thinking pattern, the moment there is a concern or
crisis, seeking assistance from people is the first thing to do instead of
seeking answers by reading online.
6.
Front
ended by others
Some people are very good in what they do. They follow
instructions to the T and deliver perfect job each time. The only issue with
this lot is they need to be front ended by someone as they are not confident to
source their own client. They either dread pitching for fear of rejection or
are just doers, and not thinkers.
7.
No
Bids
This can never take off the ground if you do not bid
regularly. There is absolutely no point in having the right sell-able skills, a
great market out there waiting for you, a well-designed profile and portfolio - if you are not going make that connect
with clients on a regular basis. If you wait for chance, for your profile
to pop up in search engines for big orders, that is close to wishful thinking.
8.
Cut,
Copy, Paste Bids
Do not count the bid you do, if they are just cut, copy
and paste bids. If you cannot customize
your bids according to buyer’s needs, no buyer will be keen to work with
you.
9.
Lack
of consistent efforts
These are the ones who are on a roller coaster ride
always and with most number of excuses. They bid at a stretch in one week and then
disappear for months together. They lack the basic discipline to do things
consistently day after day, month after month which is a critical reason to
fail in securing any assignment or order.
If you reflect on the efforts you made to create online income and find one of these reasons as the hindering factor, the only course correction would be not to repeat them going forward.
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