"There are 4 major reasons for online business failure"

ONLINE BUSINESS

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Now is the time for online business.Every young people are encouraged to online business.Because we in the age of technology and we want to easy to getting everything in our hand.Now every things found in online.All raw materials cloths, vegetable,meets etc are fond in online that's why all young people are encouraged in online business.And the most of them failure in online business.Now let us discuss to fail in online business and solution in this chapter.
01. Planning Mistake

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Most online entrepreneurs Start business with lack of planning and without any calculation.
A lot of entrepreneurs spend 15 lakh taka for first investment of 2 lakh taka in the office rent. There is no need to take such a huge space just to show the people. And most of the online entrepreneur encouraged by seeing another online business man without any market research. That's why the are failed to online business.
So if you want to stay in the online business, you have to be efficient, accountable
, well planned and strong for the first time.

2. How much money will invest in any sector

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Most online entrepreneurs don't understand that, how much money invest in any sector and how much money can be earned from any sector. They do not make any income model. This is one of the reasons for most of the online business fail these things must be kept in mind. It should be planned before investing in any sector

3.Excess profit
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Most online entrepreneurs started business with zero hands. They think always excess profit.For high profit they wants to sell the products in high rate over the market price.That's why customers tend to demotivate to buy the online product.Initially it should be selling product in low profit to encourage the customers for buying your product

4.Product Sourcing And Marketing

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Every online business starts with a very lack of product sourcing and lake of marketing.They don't know that which place bring quality product in reasonable price.And they don't know how to online marketing that's why they falls in business

Online business is completely different from traditional business. In the traditional business where there is more investment in product production, there is more attention in marketing in online business. Because marketing is the life of online business. In most cases online business is dependent on online marketing well planning, quality of the product, pricing etc.Plan online business keeping in mind then just keep notice these 4 things investment and revenue compatibility, success will come.