Practice English Speaking&Listening with: Doing Business On The Internet Opportunities And Pitfalls

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Should you even start an internet business? Now, there's a lot of positives

to starting an internet business. But there's also a lot of pitfalls and

negatives of starting an internet business. And I'm going to go over the pros

and the cons of starting an internet business in this video and I'm going to

show you proof on my computer. So, starting an internet business is

something millions of people all over the world want to do. I don't ever hear

people talking about what are the negatives of starting an internet

business as well? Because for all the positives out there, there are real

negatives. And if you're looking to get into this business or industry, you

should be aware of them. I'm going to go over here let's check out my whiteboard.

And the pros I think are obvious. If you're watching this video, you probably

already aware of some of them. 1, is time and location freedom are huge

positives of running an internet-based business. You can work whenever you want.

Okay? And you can work wherever in the world you want. Now, maybe you want to be

a digital nomad and travel the world and experience all these things. Or maybe you

want to be able to just wake up whenever and take a week off, take a month off,

take a long time off and have that freedom to just be a person and be free.

Internet business is 100% allow you to do that. You can't do this in other

businesses. You know, whether that's MLM, whether that stock trading, whether

that's real estate, whether that's freelancing or coaching, whatever that is.

You don't have that sort of freedom that internet businesses allow you to have,

it's amazing. Another huge positive is you have

immediate and you have very large profit potential. Okay, you can make billions as

an internet business owner. Basically the world is... However much money you

want to make you can make it on the internet. So, you might be asking yourself,

"Okay, what are the negatives?" Time, like you have ultimate freedom, you have all

the money you want. How can there be any negatives? There are. Let me discuss some

of the negatives right here. First negative is

probably something... It's sort of derived right from this. It's a big one you're

probably aware of. Starting an internet business is unbelievably competitive.

You're competing against people all over the world to get it, okay? People want

that freedom, people want that profit and people out there oftentimes or they may

be willing to work harder than you. So, if you're not a hard worker if you are not

going to invest in learning, if you are not going to be willing to try and fail,

if you're not going to be willing to learn new skills, it's going to be hard for you to

compete against all of the other people out there that are willing to make it

happen. The dream, right? You have... We have the dream right

here that everybody wants. It's going to be competitive to get it but you can get it.

But you have to realize its competitive. And being lazy, taking days off, making

excuses, getting into your emotions. Get angry or blaming other

people for your failures is not going to work out. I mean I'm not going to use harsh

language here. You can't be a pussy and start an internet business. It's a

competitive space. Also, another thing about internet businesses is for

unskilled labor, pays nothing. No skills, you get nothing.

I'm going tO show you how little amount of money you can make if you don't have any

skills. So here we are, I just searched Amazon Mechanical Turk. And this is a

marketplace where you can get jobs that don't pay you really anything. It's for

people who are completely unskilled labor. Now, I just clicked on Amazon

Mechanical Turk. And this is a whole marketplace of jobs that require no

skill. So here I am and here's my worker ID. Again, you're just a number online. And

I'm looking at a group of 900 jobs. Now, here's a job I can accept called

verifying object boundaries, okay? Takes no skills for being a human. It

doesn't pay a lot of money to be an unskilled human. Look how much money you

can make. 12 cents to do this job. Now, let's look

at what this is. Now, what this job is, it can take up to,

it says up to 60 minutes. And you'll get 12 cents for the task. That's crazy. And

what you're doing is you're verifying objects. So, let's look at here. There's a

horse, right? So, you will be basically drawing a line around a horse for your

job, see I'm doing it right here. And that's your job. And for 60 minutes,

you don't get paid much. You get paid like 12 cents. It's incredible how little

you can get paid if you're not willing to learn more. So, just having basic

skills on the internet doesn't pay a lot of money. I mean the highest I've heard

is you can make maybe a couple bucks an hour. 5 bucks at the max. But you have

to know where to find those jobs. It's very hard to get paid 5 dollars an

hour for just basic human tasks. Robots, computers are taking over basic human

tasks jobs that are involved a computer. So, you need to have some sort of skill

or you need to have some marketing or sales skills or whatever if you want to

make it on the internet. Again, if your aspirations in life are to use

basic human has, please unsubscribe for my channel and get off this. I really

only want people subscribing me that want to add value to the world.

So forget about Amazon Mechanical Turk. Let's look at the next thing. The other

negative of starting an online business. You basically get no mentorship, okay? Now,

you have me. Thankfully. You know, I'm telling you about how you can start a

business and I have a lot of videos on this channel which show you a

step-by-step way of how you can start a business. Fortunately for you, most people

aren't going to be willing to do any work based on what I'm showing you. So,

the law is, you know, maybe one in every thousand people who watch this video

will ever actually put stuff into action. So you have law. That law of numbers on

your side. But again, you don't have somebody. I'm not going to go over to you

and be like, "Hey, let me look at what you're doing on the computer little

buddy. And like, let me like you know show you what you're doing wrong

and why you're not making millions of dollars like I am." I'm not going to be that

person. And you're not going to find that from other YouTubers. Now you can

interact with us in the comments and stuff like that. But if you're looking

for that sort of hands-on mentor that's really going to guide you. That's

going to call you on your shit when, let's say you were lazy. Are you

letting, you know, a girlfriend or a boyfriend take advantage of your time

and get rid of your dreams or aspirations at work. A boss might call

you on your shit. Boss might say, "Hey, you're going to have to decide what you

want. Because you can't half-ass go through life half-assing." You're not

going to get people to call you on your shit. That's what a mentor is for and

you're not going to get that on the internet. You need to have all of your

motivation, all your drive, has to come within your self. Frankly, that's the

biggest reason why most people aren't entrepreneurs is because they can't call

themselves on their own shit. And they let life and circumstances and things

and sicknesses and whatever get in their way to actually pursuing the dream here.

So, those are the pros and cons of starting an internet business. Now, if you

want to learn more about how to be an affiliate marketer or going to

e-commerce, make sure you subscribe to my channel

and you will see my free course on how to be an affiliate marketer and start

earning commissions online. Now, if you enjoyed this video, make sure to

subscribe and like and comment. Please let me know did you learn anything from

this video? Did this bring up any new ideas in your head. I'd love to

hear because I hear so many people talk about the pros but not the negatives. And

I look forward to seeing you on my next video. I talk a lot about how you can

start your own internet. I hope it helps.

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