Building an Online Business is Hard, Learn This Skill First

May 10, 2024

The landscape of entrepreneurship is often painted with the broad strokes of overnight success and effortless income. Everywhere you look, gurus promote their latest schemes that promise fast wealth with minimal effort. It’s easy to be fooled by these big claims and promises, especially in today’s digital age where starting a business seems more accessible than ever. But as someone who has tread this path, I’m here to set the record straight: building a business is tough, and not everyone can reach the pinnacle of entrepreneurial success.

While it’s true that the barriers to entry for starting a business have lowered, the fundamental challenges remain the same. The principles that underpinned commerce centuries ago still hold firm in the digital marketplace. It’s a competitive arena where only a few truly excel. In fact, statistics reveal a stark reality: a significant percentage of new businesses fail within their first few years. This isn’t meant to discourage you but to paint a realistic picture of what it’s truly like in the trenches.

Amidst all the skills that one could argue are essential in today’s business world, there is one that stands time-tested and undiminished in its importance: sales. Yes, sales — the art and science of convincing someone else that they need what you’re offering. This skill has been the backbone of commerce for over a thousand years. From the bazaars of ancient markets to the sophisticated digital shops of today, the ability to sell effectively is what sets successful entrepreneurs apart from the crowd.

Why Sales?

Consider this: every transaction in your business will come down to a sales moment. Whether it’s convincing investors to fund your venture, persuading the best talent to join your team, or, most importantly, getting customers to purchase your product, sales is at the heart of it all. Knowing how to sell is more than just being able to talk someone into buying; it’s about understanding needs, crafting compelling messages, negotiating, and closing deals — all while maintaining trust and integrity.

Sales should be more than just a mandatory course in schools; it should be a core part of any entrepreneurial education. The reason is simple: if you know how to sell, you will likely never find yourself struggling financially. Sales skills can open doors to earnings that range dramatically, from a respectable $100k to an astonishing $500k per year or more. It’s not just about making money, though. Being proficient in sales builds confidence, hones communication skills, and teaches you the nuances of human psychology.

Statistics Don’t Lie

Research backs up the importance of sales skills in business success. Studies show that businesses whose owners excel in sales and marketing are significantly more likely to survive and thrive. These entrepreneurs understand not just their product but how to position it in a market saturated with options. They know how to make their offerings stand out and how to create value that resonates with their customers.

So, how do you start developing this valuable skill? Begin with the basics: learn how to communicate effectively. Dive into books on sales techniques, take courses, and most importantly, practice. Sales is as much an art as it is a science, and like any art, it requires practice to perfect. Start by selling your ideas to friends or pitching hypothetical products. Every conversation is an opportunity to refine your approach.

The Bottom Line

If you’re considering stepping into the world of online business, or if you’re already in the midst of it and feeling overwhelmed, take a step back and focus on honing your sales skills. It might not be glamorous, and it certainly isn’t easy, but it is undoubtedly effective. In the challenging journey of building a business, being able to sell is not just an advantage — it’s a necessity.

Remember, entrepreneurship is not for the faint-hearted. It demands resilience, creativity, and above all, the ability to sell not only your products but your vision. In a world where most businesses falter, those who can master the art of the sale will find themselves not just surviving, but thriving.

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