😲〽️Here’s why most online businesses fail
Channel: J.R. Fisher Training
Date: 2020-09-02

Here’s why most online businesses fail. You're going to start an online business, or you already have an online business, and you're worried that you're going to fail? Well, you should be. Most online businesses fail because of some very simple reasons. In this video, I'm going to share them with you so you can learn from them and avoid failure.

Businesses fail every day and according to some of the statistics here, 42% of all startups fail because they failed to analyze the actual needs of their customers. Another 28% of startups fail because they burn through all their cash. So, there are a couple of things to be learned from this.

✅01:34 - MAKE SURE THERE'S A REAL NEED FOR WHATEVER YOU'RE DOING OUT THERE
✅01:42 - DON'T OVERSPEND AND DON'T GO AND HIRE SOMEBODY DO EVERYTHING 

Make sure you want to learn these things and stay inquisitive. Now, how do we avoid some of these things? Watch the video and check all these reasons why most online businesses fail:

✅02:02 THEY DIDN'T ANALYZE THE NEEDS OF THEIR CUSTOMERS
✅03:05 NOT HAVING A USER-FRIENDLY WEBSITE
✅05:26 NOT HAVING EXCELLENT CUSTOMER SERVICE
✅06:32 NOT HAVING A GOOD SOCIAL MEDIA PRESENCE
✅07:33 NOT EFFECTIVELY MANAGING YOUR COMPANY MONEY
✅08:44 IF YOU'VE GOT A BAD TEAM
✅10:03 NOT WATCHING YOUR PRODUCT PRICE AND COST
✅11:38 LACK OF COMMITMENT

You've got to be committed. The lack of commitment will kill a business quicker than anything you've ever seen in your life. You can have everything else in line with a lack of commitment. Make sure this happens and do whatever it takes. If it takes 2 hours, 24 hours, or more, you have to make it happen. fine. If it takes 24 hours fine, I'm going to make it happen. 

Now, please leave your comments below. Let me know what you think about this video. If you have any questions about eCommerce, email marketing, or anything about selling online, please put that in the comments below. I'd be happy to help you.

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