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« Click here to read Part VI • Website issues Location. Location. Location. That’s the advice given landed businesses. For those who work online it is of course Website. Website. Website. Just like location, a website has its own peculiar problems. In this last part of the series, I am going to look over 21 … Read more 90 Reasons Why 90 per cent of Online Businesses Fail (Part VII)
« Click here to read Part V • Financial matters Money is the lifeblood of your business. If you let these 9 ways drain the blood from your business, then you can say goodbye to your online dream: Reason #61: Poor planning, no money In a well developed business plan, it is stated how much … Read more 90 Reasons Why 90 per cent of Online Businesses Fail (Part VI)
< Click to read PartIV • The competition I can define competition as the non-enabling environment preventing your new business from getting a foothold in a particular territory or sector of activity. Three (3) cases of competition which can kill an online business are: Reason #58: Ignoring or Underestimating the Competition Millions of Home businesses … Read more 90 Reasons Why 90 per cent of Online Businesses Fail (Part V)
« Click here to read Part III • Lack of key marketing basics Internet marketing does not run on auto-pilot. Period. So marketing calls for some hard work from you. The best way to ensure that your effort does not go to waste is to know why others before you had failed. Here are the … Read more 90 Reasons Why 90 per cent of Online Businesses Fail (Part IV)
« Click here to read Part II • Unbalanced experience or lack of managerial experience An internet entrepreneur cannot succeed if they don’t have the right mix of managerial experience and worse if they lack this experience all together. This factor comes next to incompetence as a primary contributor to business failure, representing up to … Read more 90 Reasons Why 90 per cent of Online Businesses Fail (Part III)