5 Different Types of Online Entrepreneur
Many people aspire to be successful online entrepreneurs these days but not everyone emerges to the successful.
With millions of online entrepreneurs on the internet, so what are the characteristics and traits that can actually lead people to the road to success?
For online entrepreneurs who have not achieved success, what are the habits that are preventing them from doing so?
In this article, we are going to explore 5 different types of business online entrepreneurs.
We will take a look at why some online business owners did not make it to the top while others did it with less effort and resistance.
1) Fun Loving Entrepreneur
The fun-loving entrepreneurs are online business owners who are not that serious about creating a real business online.
To them, the idea of having a business is just to pass time or to have fun.
Therefore, this group of people do not have true passion for their work.
Most of the time, they will not be fully involved in the business themselves as they are all about having fun. Even if they do come up with a great idea, they will not put in their utmost effort to follow through it.
The chances for this group of entrepreneurs to fail is imminent.
Anyone who wants to start an online business but is not willing to put in the right effort should not expect any good results to come.
When you are doing nothing to make the business to become better, you are simply waiting for failure to happen.
2) “The Forever Shiny Object” Entrepreneurs
Many people who are just starting out are drawn to the fancy objects projected online. They are often drawn by the idea of having fast success and outrageous amount of riches in a short period.
Some online marketers like to use pictures of lavish vacations and fast cars to lure their buyers to buy their products from them.
Entrepreneurs who are after the next shiny object often has a false illusion of how real money is being made online.
While these entrepreneurs have the ambition to succeed online, their passion often fizzle away in no time. They lack the staying power to really work on their project to achieve real results online.
When these entrepreneurs hit a roadblock with their business, they will take breaks for weeks and months before they give up on their current business.
After a while, they start to think that their initial business does not work and they will fall back into purchasing new products thinking that there is a better product out there.
The “shiny object entrepreneurs” tend to buy courses after courses for validation . They often do not have the sheer determination to see things through and therefore they often lack success.
Sometimes, some of these entrepreneurs succeed by luck . The majority group of entrepreneurs who fall under this group still fail.
Buying more products online does not equate more success. In fact, having less quality product is what matters here.
3) The Over Worked Entrepreneur
Many small business entrepreneurs fall into this group of over worked entrepreneur.
During the beginning set up phrase of running as online business, many new business owners are willing to learn new skills to move along their journey.
However, many people encounter road block at this stage of their business. Sometimes, this resulted them in mindless working at their business without even knowing what is going on.
For majority of people who are just getting started, we often feel deflated even by the simplest failure. Especially when one is getting older, we tend to shy away from failure thinking that we are not getting everything the right way.
Despite putting a large amount of effort in their work, the over worked entrepreneurs often work mindlessly without a good plan or purpose.
In this case, internet entrepreneurs who belong to this group quit their path because they are afraid to face their fears and failures despite having put in a good amount of effort and work.
4) The Consistent Entrepreneurs
One thing that stands out for consistent entrepreneurs is their ability to stay track on their path.
Besides being very hardworking, these entrepreneurs are consistent in their approach towards work. They are willing to do the hard work with a plan .
The consistent internet entrepreneurs have a long term outlook towards their business.
Even when they hit roadwork, they are not afraid to work against their competition to get what they want.
Along with consistent upgrade in education and skill advancement, entrepreneurs who belong to this group have a higher chance to have success for their business due to their ability to be consistent and persistence.
5) The Balanced Entrepreneur
The last group of entrepreneurs is the balanced entrepreneurs.
The balanced entrepreneurs understand the dynamics of running a successful business online.
They have a systematic approach towards their business and they are also not afraid of failure. These business owners view failure as part and parcel of life lessons.
Embracing the idea of failure is not something that everyone is able to do. Most people are fearful of failure and when you are able to overcome failure, you are learning to view things from a positive outcome.
The balanced entrepreneurs are also willing to take chances and try new things whenever they encounter failures. Because of that, they always have a competitive advantage over their peers and competitors.
Entrepreneurs belonging to this group have high chances of creating successful business online than the others.
After Thoughts
In today’s article, we talked about five different types of entrepreneurs found online.
Each group of entrepreneurs displays a very different set of work ethic and characteristics towards the outcome of their business. Therefore, the end results for each group differ drastically.
The good news is that if you happen to fit into any of the category and do not like your outcome, you can always adopt the right habits and change course towards where you really want to go .
If you are a fun-loving entrepreneur and have not been getting what you want, you can always change your attitude and become a high achieving entrepreneur instead.
When you are able to recognize and understand yourself, you can make the right chances to become a creative entrepreneur with better skills and work ethic.
So have you found out which type of entrepreneur are you?
Hello, thank you for sharing this article on the 5 types of entrepreneurs online. It is very elaborate and anyone that comes across it would know in details the 5 types of entrepreneurs online. I fall under the over worked entrepreneurs category, anything I do I like to put my all in it and it’s bad sometimes because I get a breakdown whenever I stress myself too much. I’ll like to grow into becoming the balanced entrepreneur, anything balanced is always very good. Thank you.
I fall under both the overworked and the balanced entrepreneur and that has been like that for a long time coming now. There are times where I face my work squarely and for a long time, I’m drowned in it without thinking about anything else. And on other times I play it all balanced, but I’ve never been the all fun guy at all.
Hello there, thanks a lot for sharing this wonderful piece of information here with us. I must say i really did enjoyed going through your review as it contains valuable information’s one needs to be aware of. Following my work ethic i think i belong to the balanced entrepreneur class, thanks for sharing
I’m sure that a lot of people will be able to relate with at least one of these types of entrepreneurs which you have mentioned and just like you have mentioned, if they are not comfortable with the category they find themselves under, they can change their habit sehich will change their outcomes.
I am working to become a consistent entrepreneur. Because I have seen that only consistency pays in the online business. The more you work on your business, the more positive results you will get. And the more search engines will take you seriously and you will be able to establish your brand.
I know that many people think that having a successful online business does not require a lot of work, but that is just the kind of people who do not have a lasting or scalable online business.
Thanks
Based on my reactions so far to the world of entrepreneur and my discipline so far, I would say that I fall into the balanced entrepreneur category. The type that actually focuses on working hard and mixing other thing too. In all honesty, I want to be consistent and also do it all, but I am not able to do that yet and that is really annoying me. So, I realised I can just focus better on my strength of taking it all one per time
Thank you for sharing this information, I believe I may have been through a bit of each before I finally concluded which was the right choice for me granted it is tough sometimes but it’s well worth it in the long run, being an entrepreneur is not an overnight process. This is a great article highly recommended.
This is a very superb article that has enlighten me about five different types of entrepreneurs we have online. It has also educated me that all entrepreneurs have got different type of work behavior that leads to the outcome on their businesses. Well as an entrepreneur this article is great to read as it has made me to understand, and to make the right choices to be a creative entrepreneur with great skill of purpose. Well you’ve done a whole lot for putting this piece together as it seems very educating and resourceful to read through for individuals like me.
Really interesting take on the different types of entrepreneurs. I actually had no idea that they could be categorized in such ways: which makes sense with how fast-growing this market has been functioning for the last few years. Personally, I consider myself as the over worded entrepreneur but at the same time; due to anxiety and depression I tend to get too overwhelmed and often time will put my hard work aside because I’m too mentally exhausted to actually put my work out there. Right now, I have over 20+ articles written already that just need to be edited, proof-read and publish but I honestly don’t have the strength to do so. Therefore, I do consider myself a hard worker for all the research and pieces I have written. What I’m lacking is mental stability to actually continue my journey.
Interesting article. I can see how certain characteristics can lead to failure. I think it all start with a desire. A desire to help someone solve a problem weather it be an idea, a product, or information. People do not buy from those that they do not trust or feel that they cannot fulfill their need.
That being said, if we do not have the desire to offer something of service and are simply trying to make money, people can smell that from a mile away. It’s a hard lesson that I’ve learned through experience. Anyway, nice read and best of wishes.