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Yea, I noticed that too, cos I have seen a lot of people who just start online business because they saw someone else succeeding in itThe basic success requirement for an online business is to have a definitive plan that pilots the direction of your business. Many people jump into any trending online business and invest money without drafting a precise plan on how the management of the business should operate. The online business is just like any other business, it operates basically the same way as a physical business and must be treated with the same approach.
First is lack of proper planning before starting the online business.A recent studies conducted by webfx has shown that over 70% of newly established online businesses fail within the first 4-6 months.
Why is the rate so high?
This is a fact , what read on ebook as regards online business is more deeper and more challenging , probably the e-book sellers feel they won't record sales if the challenges are outlined .I think the reason most people fail in their online business is because of the misconception that doing business online, is as simple as A, B, C.
And it's not. Building a successful business online needs tht you put in even more effort than you would in an offline business,. especially if it's new.
And with so much competition out there, you must make sure you can stand out too.
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