5 Painful Truths Why People Fail To 100% Automate Online Arbitrage

Sometimes hard, honest truths need to be said so that you are able to grow and expand ourselves beyond and above our comfort zones. And that is why, in this post, we need to be brutally honest with some of the hard truths Kev believes are some of the reasons why people fail to 100% automate online arbitrage. Difficult conversations need to be had, as a leader of your business and as someone who is wanting to take life on, you are going to be uncomfortable and you will need to make choices; you’re going to be in a position where people are looking at you, wondering where they are going and what is happening. You are going to have to make difficult choices and the one who has to be there to hand the notice in and have that difficult conversation - being there with the family, saying: “I can’t do that, I’m working today!” You have to be the one to get into those uncomfortable positions, to get to where you want to be.

Some People Just Simply Do Not Know How to Automate Their business

Some people are not aware of what you can do - people who are a one-man band, and want to do absolutely everything themselves. Some people are not aware that you can use virtual assistants and that there are automated systems, or maybe just people who do not want to invest in their business, invest in any money, and they are happy just to do everything themselves. The problem with doing this is you are going to burnout, and you have no leverage; you are going to have times where you bottleneck and you are going to be extremely tired and overwhelmed. You are going to be continually working and not getting the results, then you will not know what to do. Therefore, they may not even take the first step and look to outsource to get any leverage, because they simply just do not know. 

The best thing to do is to learn from those who have already been there and done it. The internet is amazing, and you can use it to find someone who has experienced what you are experiencing, a successful person who has already worked their way up, and you can learn from these people and implement it into your business and learn from the mistakes you have made and the actions you have taken. 

Watch the video below to learn more about automating your business:

However Brilliant the Internet is, There is Learning From Fake Theory-Based Gurus 

The internet is amazing, you can have free mentors, like YouTube channels and you have access to e-books which you can pay for, or free e-books that you can download online; you have blog articles and many more things. However, although all of this information is fantastic, there is learning from fake theory-based gurus. Fake theory-based gurus exist on the internet. There will be people who fake it until they make it - they talk a good talk but they don’t have anything to back it up. 

If you want to learn from someone and replicate somebody’s success, you should look at what they have done and look at their life. There is a difference between what people say and what they do - a difference between what they can say and what they can represent. You can look online and look at what they have said, but when you look behind the curtains, they are not actually doing what they say they are doing. There is a difference between theory-based and actual reality. Anybody can say outsource to a virtual assistant, but it is only the people who have worked with virtual assistants and have experience with working with virtual assistants, through the bad and good times who you should really listen to. 

Be really careful. The reality of the internet is that people can be very persuasive in the way they talk and the things that they can say. There are a lot of likeable people out there, and it is easy to follow into the trap. So, always make sure that you are careful. 

People Don’t Set a Foundation to the Business

There is a great analogy of a building that before any building is built, you need to set the foundations. Depending on how deep the foundations go, determine how high you can build the building. A lot of people look into this, and they may look to automate and outsource immediately, but they haven’t actually set a foundation. What is meant by the foundations is firstly there are the business foundations on how the business is run, the strategic objectives, the operating principles, the working procedures, the roles and responsibilities - really having an understanding of how to set up a business, but also from a personal point of view. From a personal point of view, the reality is that you are going to have to learn how to manage a business, how to work with people, how to manage money, how to manage accounting and the legal side of things - this is just the reality of any business, and people jump into it and scale too quickly. And the reality is, it is not on a solid foundation. This is paramount to long-term sustainable success. It is about firstly, you as the business owner, you have to study personal development and invest in yourself. If people do not invest in themselves and think that they don’t have to study and go to lectures or seminars, then they must change that mindset. The reality is, this is something you must do. You have to invest in yourself and become better and understand how to build a business, then you can scale and get to that next level. Take studying and investing in yourself very seriously. For example, Kev takes his studying super seriously and loves to read books like Profit First, Tools of Titans, Work the System and Clockwork. Which is a great way to see what you are lacking and see what you need to improve and do.

Watch the video below to learn more about setting foundations for your business:

Afraid to Take the Next Step

 Some people are just simply too scared to take the next step and they go back into their comfort zone - it happens, everyone gets scared and fearful and it is completely normal. The first time that you invest in anything, whether it is a virtual assistant, automating your system in any way, going out to a prep service, or going into a warehouse, you are going to be afraid. But there is a difference between being afraid to the point that you don’t take the action, and being afraid where you do take the action. You have to push yourself. There is a quote stating that the thing you are most afraid of is most likely the thing that you most need to do. You have to push yourself out of that comfort zone, and you are going to learn something. The first time that Kev went to hire a virtual assistant, he leant something; the first time that Kev started speaking to someone across the world, he learnt something; the first time that Kev recorded a video to send some instructions and to upload to YouTube, he learnt something. The point is, he was afraid to do something but he did it anyway. You have to really think to yourself, what are you afraid of? What is holding you back? Because that is where you are going to find your true boundaries on what your personal development is and that is when you are going to experience things. You may go through some challenging times, but you are going to learn something and you are going to figure it out. People can encourage you and give you the right path to follow, but you are the one who has to take the leap and do it. Someone can encourage you to quit your job, but you are the one who will have to go into the office, talk to your boss and quit the job.

Lack in Self Confidence 

Some people will have a belief that they cannot do it. Many people struggle with self confidence, they will have doubt and a fearful mind. Do you believe in yourself? Do you believe that you have what it takes? When all is said and done, if you do not believe in yourself, you have nothing - you need to believe in yourself. Whether it is faith or that there is a greater thing at work here, you need to believe that you can do this. You will be tested and you will go through hard times. Life is going to throw curveballs at you, but you are the one who needs to step up and believe in yourself. You must work on your self confidence. Some things that worked with Kev, was having people around him, stopping listening to the news and all the negativity in the world, believing that he wanted to challenge himself and give everything that he has got. He fills himself up every day with positivity, by listening to inspirational music, running, watch inspirational films such as Rocky, Steve Jobs and Muhammad Ali. He likes watching all these successful people before us. 

You must do what you must do. You have to ultimately believe in yourself.

Click the link below if you would like to expand your knowledge in online arbitrage:

Online Arbitrage Mastery Course

Further Reading:
13 Reasons Why People Fail to Build A Successful Online Business
 

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