One of each thousand online businesses failed. Statistics are higher than offline business failure rates, making experts ask questions -it is actually possible to create a successful internet -based business. Like any business model, unless you follow the formula that is driven by plans and success, then regardless of whether your business is online or offline, you can’t make it function. Every business requires dedication, time, and patience, but online business also requires a series of additional skills that have never happened 20 years ago.
When a new business begins in the eighties, there are various skills needed to optimize the chances of success. But local businesses are not possible to face competition from abroad, and many types of industries such as travel agents and cassette shops will develop because of the absence of the internet. Manufacturing companies in Australia and America are far more advanced (and cheaper options) than those in Asia, and parallel imports are not terms that have been used in business.
Forward fast to 2012, and a large number of industries are no longer a decent business choice, or not outside the online realm. However, the growth of online companies has created a series of completely new problems. And that is a large -magnitude competition produced from the rise and resurrection of people who start online and internet -based companies. Where dot dot come enterprises are new children who develop in blocks, now the internet is a business battlefield that competes for search engine rankings, dominance of keywords and social media followers, with many who cannot follow and thus closed before the momentum There was once a chance to start.
Why does this online business fail? Is it possible to grow a successful internet -based company? If so, then how to do it?
Yes, it is possible to build a successful online business, but many business owners failed to examine their target markets before it was launched, or did not have a budget and skills to grow a strong company.
The main problem is how easy it is to manage internet -based businesses at very small costs. People are excited. They can build their own websites with low monthly fees, create free social networking accounts, find many free tools and tips to improve their business profiles, so it’s fooled to think anyone can start an online business and immediately get a weekly income equivalent to employee wages. Prospective business owners believe that online business is a good idea that will save a lot of money, so do it. That is precisely the mindset that causes failure.
What failed to realize by 70% of business owners, is to develop a successful online business as a franchise or angle shop, financial expenditure is only distributed to various fields.
True, internet -based business may not have a shop or office rental. You should not pay a fee for suitable shops and companies. You may not even need staff or help so that you can save people’s costs. Hey, you don’t even need office clothes, you can work with your lazy clothes with your clients and customers, nothing wise.
However, how do your customers find you? If you want to be found easily to generate sales, then you have to pay it. And to be honest, so that the marketing of search engines becomes very successful, you will be removed from the big dollar. There is money that you save for rent!
What about the time you spend optimizing your website, writing content, creating a blog, updating social networking pages? Your time is not paid. Unpaid hours.
And what about your competitors? How will you beat them? Standing health stores in shopping centers may not have forty other shops next door, competing for trading.