Why Intelligent, Smart People Often Fail In Online Business

Do you want to start an online business but find yourself trapped or unable to make decisions? If you’re smart and/or ambitious, online businesses and the creator economy as a whole could be your route to success.

To accomplish so, you’ll need to first get out of your own brain. Let’s look at how to identify and overcome some of the most common barriers to getting started online.

Why do intelligent, ambitious people often struggle in online business?

The majority of the internet entrepreneur community is made up of creatives and inventors. These people are also susceptible to overthinking, which is one of the most common and challenging obstacles to getting started online.

This is something that most intelligent people are already aware of. Indeed, they enjoy it and even wear their analytical nature as a badge of honour. They believe that their high level of thinking differs them from ordinary people.

Overthinking prevents you from making intelligent choices.

Overthinking prevents you from making intelligent choices. You’re overthinking something if the number of hours spent thinking about it exceeds the amount of time it would have taken you to try it out and move on with your day.

Example of classic overthinking is, when you’ve been thinking about writing a book for years, you should know that it only takes a year or less to complete one

Instead of taking a step forward to see what happens, you continuously think about it. Then you give it some more thought. Overthinking is what prevents you from pursuing your online company ambitions, hopes, and goals.

Overthinking is simply a form of pretentious procrastination.

As a creator or online entrepreneur, almost everything you do requires experimentation, and you can’t perform tests in your brain. You must test them out in the actual world, in real-time.

So, here are some of the most popular overthinking demons, as well as what you can do to regain your power.

Overthinking cause # 1: Having too many interests

If you’re smart, you probably have a wide range of interests to keep your mind busy. That’s going to throw you off.

If you choose one niche, it’s way far easier to get started. Choose one niche and stay with it. In business, we hear a lot of buzz phrases around niching:

• “Niche down until it hurts” is a saying.
• “Niche down to blast up,” says the narrator.

For smart, ambitious people, niching is a difficulty because they’re too concerned about what they want to do and making it great, instead of serving their audience.

What should you do instead?

Choose one niche and stick to it for 90 days without straying. Examine what people in your selected niche require assistance with. Then create content and offers that will assist them in resolving their issues. It can be that simple, but keep in mind that simple does not always mean easy.

Overthinking cause # 2: Fear of Failure in online business

We tried new things all the time when we were kids, teenagers, and even young adults sucked at it and moved on. You’re not failing in online business because you’re not good or smart enough; you’re failing because you’re afraid of making a bad first impression. Or you’re unwilling to make a fool of yourself long enough to discover what works and what doesn’t. You’re intelligent and competent, and you rarely look bad at work. That is the issue.

In order to locate your sweet spot in the world of an online business, you must fail frequently and persevere. You must also think like a scientist on a regular basis. Just because you think your concept is brilliant doesn’t mean others will care.

If your side hustle or online business generates less than a quarter-million dollars each year… Every week, you should throw spaghetti at the wall and see what works and what doesn’t.

Even after all these years, I continue to try new things every month. The majority of them fail. However, some of them are effective. And it’s the things that work that pay the bills and allow me to be free.

Overthinking cause # 3: Refusing to adopt a growth mentality

It’s easy to think you know everything when you’re smart. This is going to sink you faster than anything else.

People sometimes believe that because they wrote term papers or a thesis in college, they are excellent writers and don’t need to focus on improving their writing skills. The moment you think you’re good… you’re not. Keep a growth attitude in mind. Every day, you can learn something new. Accept challenges with open arms. As a result, you’ll continue to progress and eventually break through to the front.

Conclusion

Online business is exciting, demanding, stimulating, frustrating, fascinating, profitable, and completely honest. 

If you’re intelligent, smart, and ambitious, you’ve got what it takes. The idea is to get out of your brain and take action on a daily basis.