Is the internet of things making it easier for entrepreneurs to become an overnight success as compared to two decades ago?

I would say yes, the Internet of things is much like the Internet it self again, as the Internet made an overnight billionaires the Internet of things will make an overnight billionaires also. And maybe trillionaires who knows!

According to many sources, more than 90% (Ninety percent) of all Internet business start-ups end in failure within the first 120 (one hundred twenty) days. And that number is all too accurate: NINETY PERCENT!

 

This alarming failure rate goes unheeded for a number of reasons:

 

1. Many don’t know the statistical probabilities they face. 2. Many don’t see themselves as being part of the failures or they wouldn’t leap. 3. Many are talked into things they are unprepared for. 4. Many don’t know the basic tenant of – “If you fail to plan, then you plan to fail.”

 

Of course, success is still a possibility. There IS that other 10% (ten percent) that do succeed. For them, success doesn’t happen by accident. And success isn’t just a crap shoot. Success happens because of some very important factors.

 

Success happens because people learn about internet marketing and how it works. They do not expect to get rich quick or be able to make a killing overnight and retire to a tropical isle.

 

It is strange but somehow the same people, who wouldn’t dream of starting a real world business, think they can make a go of an internet business even though they have no business background.

 

Ofcourse, internet is helping entrepreneur to a larger extent. But for your question it is not possible for any entrepreneur to gain success overnight. Success comes gradually, and internet is helping companies by giving excess to information which were not possible to get few decades ago.

 

Internet helps in entering into new markets. Companies can check for what a consumer is looking for, companies can reach mass customer with less investment through internet.