Why most online business fail?

[Prettyjanie]

I think a lot of online businesses fail because of inconsistency and frustration. Most people think online businesses are easy to run, unknown to them, they need to be well Knowledgeable.

 

[Kubiat-Abasi]

One of the reasons most online businesses fail at the situation is because of inconsistency, greed, burnout and nonchalant attitude.

 

[Ezekiel]

Most person do not understand the purpose of the business,why they want the business to exist that is why they fail,some venture into it for the purpose of marking money,so when the money do not come within the first one month they quit

 

[Godspower]

Most businesses fail because of lack of proper planning and strategies. Lack of advertisement and marketing are also major factors that may cause a business to fall.

 

[Shigobad20201]

Lack of organisation and ineffective or poor online marketing is the reason why most online business fails , most businessman are not business oriented and they need to employ a professional to handle the business for them.

 

[Buba]

year every business needs settlement because in business their are very important think to know before starting an business.
lack of those thing make an business to fail.

 

[Heatman]

Personally, I believe that most online businesses fail as a result of one reason which is lack of planning and knowing what they need to about the business they jump into.

 

[Skysaint]

Most times it's due to the competitive nature of the online market. It's not very easy fighting off competitors here online as there maybe thousands of people doing exactly what you intend doing

 

[Good-Person]

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?

Most of the online businesses fail because they do not target the right kind of audience and end up collapsing. You must also consider the fact that SEO is also an important factor when it comes to setting a business online and you must rank above all other,.

 

[Heatman]

Most of the online businesses fail because they do not target the right kind of audience and end up collapsing. You must also consider the fact that SEO is also an important factor when it comes to setting a business online and you must rank above all other,.

Seriously the customers or the target audience that the business is made for is very important for the existence of that business because without them that business in bed before you started.

 

[ahmedo24]

Seriously the customers or the target audience that the business is made for is very important for the existence of that business because without them that business in bed before you started.

of course it is very important for you to identify your customer base or your targeted audience when your business is online because once these things are not well identified you'll find difficult to break even.

 

[kayode10]

Lack of knowledge is one of the reason why online business fails. Some people don't have full knowledge about the business they want to start and they end up failing in the process.

 

[Sotherefore]

Lack of knowledge is one of the reason why online business fails. Some people don't have full knowledge about the business they want to start and they end up failing in the process.

Most people do take a risk of starting up a business they don't understand but sometimes even with this there is still a higher chance that they will succeed if they have good managers in the business. Most business to me are likely to be unsuccessful when they do not have money to continue maintaining the business.

 

[Sariana23]

Most businesses fail because of lack of proper planning and strategies. Lack of advertisement and marketing are also major factors that may cause a business to fall.

Excellent, you have described the key points that are triggers for the failure of a company, although many do not take them into account, planning and marketing are fundamental for the success of a company.

 

[Shigobad20201]

Lack of knowledge is one of the reason why online business fails. Some people don't have full knowledge about the business they want to start and they end up failing in the process.

Lack of knowledge and less business orientation is the main reason why mist online business fail, most people jump into starting a business without knowing much about it,

 

[Immilash1]

Not having the full experience or ideas may result to failures on most online businesses.many people wants to start up a business but they don't have the full experience to go about with the business.

 

[eLdavis]

Not having the full experience or ideas may result to failures on most online businesses.many people wants to start up a business but they don't have the full experience to go about with the business.

When It comes to an online business, where do you think one should acquire knowledge from, and how do you think it can be done? Is it still the same as working for a particular Period of time to gain experience?

 

[Good-Person]

Seriously the customers or the target audience that the business is made for is very important for the existence of that business because without them that business in bed before you started.

Usually the retailers often face such kind of problems when it comes to customer targeting and this problem is not only limited to online businesses. Several shops in my area never attract all kinds of customers and it is wise to open a business that attracts all kinds of people so that you may make more sales.

 

[Dagm1]

I believe it is because individuals are more likely to start a business without appropriate planning. They create an internet business just because it's fashionable, and they don't think about what they'll do with it once it's up and running.

 

[Immilash1]

When It comes to an online business, where do you think one should acquire knowledge from, and how do you think it can be done? Is it still the same as working for a particular Period of time to gain experience?

Well I thinkThere might be someone you know who has same experience. he or she has has the knowledge of it's success and failure.you can ask them out to share there experience with you.