Why do Some Online Backup Companies Fail?
By Rob Cosgrove People define “failure” differently. I define it like this: In order to fail you have to do three things: (1) set goals, (2) fall short of your goals, and (3) give up. Having spent the past 21 years putting Remote Backup companies in business I have seen thousands of Remote Backup services reach great success. I’ve seen thousands reach a comfortable level, and maybe more importantly, I’ve seen many fail. Online Backup is one of those kinds of businesses that you can run part time, spending very little time and money on it. Even a small business with 25 clients can bring in $2500 a month of easy residual income with very little effort. It’s also the kind of business that you can spend a ton of money on, hiring staff and buying lots of equipment, and you can ramp it up to bring in millions. If I have invested $250,000 in my business, and after a year I only have 25 clients paying me $99/month each, I would probably call that a failure. However, if I invest only $5,000 and
