10 Reasons Why an Online Business Fails
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Surveys and statistics show that 95 - 98% of the business online fails.What is new? This figures is equally true to any other forms of business, offline or online. Here is a list of reasons, if not mistakes, you can avoid what most online business owners made when they first try marketing on the Internet.
1. Being scammed.
It is easy to fail even before you start your business venture online; by being scammed by unscrupulous Internet experts, so called consultants, web business providers; who claims to get you started with no knowledge of your part and runs the business on auto pilot later with little effort.
Make sure you do, at least, a little homework and look and ask around for the best deal; if you intend to let them do the work for you.
So going for the free stuff or the lowest price is not always the best. Ask for references and samples if you are going to pay for their services.
2. Start from the basics.
Keep the business startup as simple as possible. Learn as you go along. The best business concept is always in the simplest form. As they say: "Kept It Simple Stupid".
3. Choice of Product.
They used to say this:
Ask: "Can I sell the product?",
Not the same as: "Can the product sell?"
But choosing an appropriate product can determine the success of your business.
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