"I tried to overcome a bad setback But their was one thing I lacked So I started asking the right questions And taking wise suggestions Now I have the power to bounce back." -Primm

Did you know 9 out of 10 online businesses fail within the first year?

Chances are if you're reading this you've tasted failure. I sure have, then I started applying the simple principles in this article.

So, I won't bore you with more "get rich quick" fantasy and hot air. You've probably read tons of it already.

What you need to know is what to do when your online business ideas don't work, because most won't.

A wise man said "he or she who fails to learn from their mistakes is sure to repeat them." So read this article very carefully, it will help you to avoid repeating the same mistakes. This alone will save you tons of money and time. Trust me.

The first step is to evaluate. Don't even think about buying or investing in another "new" opportunity until you evaluate the ones that didn"t work, first! This is where you look at the results, good or bad. This is also where we learn the most. Such as did it work? Or why didn't it work?

Remember, your customer is your final judge. Just like in a courtroom it's always to your advantage to know what the judge (customer) is thinking.

Some further areas you should focus on are ...

I. Marketing

1. Are you sure you were marketing to the right target customers? 2. Did you market your new idea enough to your target customers? 3. Did you take the time to get feedback from your target customers? 4. Did you make the necessary adjustments?

II. Time

Did you give your online business idea enough time to work? According to extensive market research, it takes 6 to 7 times for a prospective customer to be exposed to a new idea before they'll accept it.

Many times an online business is expected to be an instant success. This is an idea that makes for good movie scripts for Hollywood or infomercials, but it's not reality in most cases.

You'd be surprised to find out that most Fortune 500 companies failed at their first attempts at success. Companies like Ford, Honda, McDonald's, Edison Electric, Microsoft and a host of others.

So, if your online business idea fell below expectations your in some impressive company. Don't despair, read the next section and follow the suggestions.

III. Did It Fall Way Below Your Expectations?

Most successful businesses, products, or services you see today have been in this category. From Thomas Edison, who failed 10,000 times before seeing the light ... to the Wright brothers - whose ideas crashed for years before finally taking flight.

We can learn more from our failures than we can from our successes. So, don't let this learning opportunity escape you without milking it for all it's worth.

If the results of your idea, goal or action fell below your expectations, one of the reasons listed below could be the cause:

1. Your expectations may be too high. 2. You didn't get enough customer feedback. 3. You didn't take enough time to know your target market.

To get the most out of this learning experience, the following questions should be asked and answered.

1. What area could I have done better in? 2. What will I do better next time? 3. What will I avoid doing the next time? 4. What will I concentrate more on? 5. What will I do more of? 6. What will I do less of? 7. Who will I consult with first? 8. What did I underestimate? 9. What did I overestimate? 10. How can I avoid making the same mistakes again? 11. How can I make better use of my strengths? 12. How can I better compensate for my shortcomings?

How To Fail Constructively

Contrary to popular belief, the one trait all successful people have is the ability to fail constructively. That sounds like a profound statement at first glance. But if you take a closer look, you'll find it's true.

The successful athlete, salesperson, parent or successful anything fails the same or more than most others. So, what's the difference in the two? Simple, the successful person is the best at learning from their mistakes.

If you follow the suggestions in this article you'll turn more failures and mistakes into success. That's a promise.

Now you have more power to bounce back. Use It! Then write me with your success stories.