Patience and Consistency

To be successful in your online business, you need the following two things:
patience and consistency.

Do not expect getting rich over night as advertised by many so called "Guru" out there. There are many models of running an online business successfully, once you have picked one which suits you,stick with it and work on it consistently. If you do this, you will see results slowly but surely.

Here is an analogy: 
When the price of chilly is high, due to political situation in Thailand is unstable and also there is dispute at the border between Thailand and Malaysia over the entry at the check-points of certain types of vehicles. No vegetables,including chilly, are allowed to be imported from Thailand.Therefore the price of chilly sky rocketed. If you are a farmer,naturally you will quickly plant lots of chilly to cash in on the situation.But before your chilly can bear fruits, the situation in Thailand has improved, also the dispute at the border is resolved.Many farmers have already planted chilly earlier than you and had shipped out loads and loads of chilly.Suddenly the price of chilly drops like a stone and is worth pennies. The price of tobacco is high due to drought. So you pull out all the chilly in your farm and switch to planting tobacco.But the weather improves and favours the growing of tobacco, soon there is an over production of tobacco. The price of tobacco drops. So what do you do?
You pull out all the half grown tobacco plants in your farm and start planting tomato. What do you get up till now? Nothing, you wasted a lot of time and efforts and gain nothing because you lack patience and consistency.

Similarly in running your online business, do not abandon your project half way to start another project. Otherwise, you will be running in circles and don't make any money online.