Every year, many one-man online stores and small e-tailers close their internet doors and drop out of the race without giving themselves a fair shot at success because of Irritable Online Marketing Syndrome (IOMS). IOMS, more commonly known as information overload, presents a real and present danger and although it sometimes attacks veteran online marketers, newbies and intermediate users find themselves especially susceptible to its volatile effects.
The “bust” felt by major online companies a few years ago, can no longer shoulder the blame for failure on the internet. Online market research company eMarketer.com estimates that retail e-commerce sales will increase an average 18.6% per year between 2005 and 2009.
The site which provides extensive reports online marketing and objective analysis of online market trends, states, “Not only are online shoppers spending more online, they are buying more different types of goods. This opens new possibilities for creative Web retailers.”
According to emarketer.com, small Web retailers can now emerge to meet the needs of shoppers. Overcoming IOMS can often mean the difference between success and failure for home-based and other internet-based companies.
IOMS works like this: Someone decides to sell a product or service on the internet. A search on the major engines for the term “internet marketing” reveals a billion pages representing several hundred or thousands of gurus, coaches and wannabees.
After selecting a few, scanning their Web sites and downloading ebooks, newsletters, special reports, 7 day e-mail courses, etc., months or even years later, they find themselves either still not doing anything or accomplishing very little towards establishing their internet business.
Usually, they then drop out, all the time pooh-poohing accounts that people can make a bona fide living online. Veteran internet marketer Marlon Sanders (www.amazingformulacd.com) describes it like this in a recent issue of MILCERS Magazine: “Having the knowledge is what holds most people back. And yet, a lot of our members and customers feel overwhelmed, frustrated and confused. They have the knowledge but don’t know which method to use first, which method invalidates the other, and which marketing teacher invalidates the method taught by another marketing teacher.”
You can find qualified help from almost every nook and cranny of the internet and therein lies the problem. A known factor stops anyone from acting on all of the available information, and that is put simply, a day consists of only 24 hours.
Having at your fingertips a storehouse of information can build your personal library, but it may also cause the death of your dreams of internet success –- killing it off before it gets off the ground. Let me explain it the way a higher education counselor might.
Enrolling in a three-credit-hour class means you’ll sit in class for roughly three hours per week. However, if your goal is to make a high passing grade, you’ll need three hours of study time each week for every credit hour.
A three-credit-hour class will actually take up nine total hours of your time weekly. If you take three classes with the same credit hours, you will take nine credit hours, and you will need to dedicate a total of 27 hours of your time weekly.
The same applies with the study of internet marketing. The latest get-rich-quick schemes or techniques and promises of working one or two hours per day, often lure many would-be internet marketers who underestimate the time needed to understand and learn the real concepts provided.
IOMS rears its head when it comes to internet mastery; what you need to do in order to get schooled and not just hit and miss gaining of some knowledge. The sooner you recognize its symptoms, the sooner you can get treatment (change your diet of overwhelming information and select two to three courses of study) and move past its stifling effects.