Factors that affect the online business in the start up phase | The Right Way

#onlinebusiness #marketing #startup

This video is created with part of my book's content called "The Right Way."

In Today’s trend, starting a business online is very easy, inexpensive and indeed very fast. In 2015, some report says that 70% of the U.S. people shop online at least a month. Still, most of the aspiring internet entrepreneurs believe that attractive designs and websites and pricing are enough to be successful in e-commerce. But the results are opposite of it as 90% of customers don’t buy from the website on the first encounter. Studies also refer that almost 80% of the new online stores close the door within 120 days due to failure. There are many factors need to be considered before jumping into the online business to avoid failure in the start-up phase. Many aspiring entrepreneurs fall into the trap of content which shows e-commerce selling like a cakewalk, as achieving overnight success is a myth, it needs patience, persistence, focus, hard work, passion and a lot of grinding to make anything successful in the long run.
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marketing strategies,market needs,product development,Entrepreneurs,Internet entrepreneurs,The Right Way,