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Entrepreneur success rates: Online vs. Offline
Makaveli2007




msg:4010547
 3:45 am on Oct 21, 2009 (gmt 0)

One thing that I find a bit surprising:

I've read several statistics about offline-entrepreneur success rates..and it seems that offline there aren't too many successful "serial entrepreneurs" - defined as entrepreneurs who run a successful business, and then start another one (or a third one).

People often talk about how luck is a vital factor in business success in the offline world, not "only" skill.

Online, on the other hand, it seems like actual skill is almost 100% of the formula. It seems that the people who have successfully launched and marketed/SEO'd a website (for example after working for a long time as SEO consultants/SEO employees), have little trouble doing so again, and again and again.

How come highly-skilled online entrepreneurs can pull it off so consistently, whereas offline entrepreneurs apparently have rather low success rates (even after running and selling a first successful business)?

Maybe the reason is that online, the cost of starting something is so much lower than offline, thus people who are very experienced/skilled in SEO,etc. can afford to launch multiple sites and if it doesn't work out, they can just abandon them....thus luck would even out?

Is anyone familiar with people who have pulled it off again and again offline?

Is success in online business more about true skill and less dependant on luck (in comparison to offline entrepreneurship)?

 

Calculus




msg:4028881
 5:02 pm on Nov 20, 2009 (gmt 0)

The word Entrepreneur has been hijacked by the marketers.

Everyone seems to call themselves one these days.....

Makaveli2007




msg:4028905
 5:51 pm on Nov 20, 2009 (gmt 0)

Not sure what difference it makes, but I actually thought (and still think) that an online marketer who runs his own website and monetizes it himself (instead of working for other people) would be more correctly referred to as an online "entrepreneur".

rise2it




msg:4029189
 6:33 am on Nov 21, 2009 (gmt 0)

I think the average person looks at the word 'entrepreneur' one of two ways:

(1) A self-made, financially successful person who works for himself, or has an additional business 'on the side' other than his 9-5 job.

(2) A bum who uses this as an excuse not to get a REAL job.

This 33 message thread spans 2 pages: < < 33 ( 1 [2]
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