Post by account_disabled on Dec 27, 2023 4:48:45 GMT
Are you thinking about starting an online business? E-commerce can bring great sales results, but it is also an industry with an extremely high failure rate. What is the reason why online stores fail so often? Learn the most common reasons for low sales results and learn how to avoid them! DO YOU WANT TO BOOST YOUR WEBSITE? Take advantage of individual expert advice Do you want to increase your company's results? Take advantage of the support of our experts and discover the full capabilities of your website. Learn free tips from Visible Range: Positioning Google Ads campaigns UX optimization MAKE AN APPOINTMENT FOR A FREE AUDIT visible 54 What are the chances of success for your online store? Statistic data Running your own business is a process of constant learning, it is impossible not to make any mistakes along the way. However, you can definitely reduce the risk of failure so as not to end up in a large group of entrepreneurs whose online business has ended in failure.
Statistical data from the e-commerce market can scare WhatsApp Number List even the most confident entrepreneurs. According to research conducted by MarketingSignals, as many as 90% of e-commerce companies fail after 120 days. Following this, the e-commerce success rate is approximately 10%, if we call survival for more than three months on the market a success. Such data can be terrifying, but instead of giving up your chance, you can draw conclusions from the mistakes made by others, prepare for possible difficulties and know how to deal with them. Low sales in the online store - the most common causes Certain mistakes made by entrepreneurs operating in e-commerce are particularly common.
Find out how to avoid them. Low sales due to inappropriate offer Without a doubt, one of the main reasons for failure on the e-commerce market is the poor matching of the products sold to real demand. Many entrepreneurs manage sales only based on their intuition - they do not research the needs of the target group or check their expectations. If you are trying to sell a product that no one needs or wants, you are already in a losing position. To avoid such a situation, do market research, find your niche and make sure that users want to buy the products you sell. You don't know how to perform a market analysis and prepare a competitive offer? Check out our article: How to set up an online store that sells? A comprehensive guide to e-commerce Low sales due to unfavorable price Another common mistake is the inability to adjust the price to the offer. You will find online stores that look very unprofessional, but are doing great in the industry - most often this is due to offering the best prices.
Statistical data from the e-commerce market can scare WhatsApp Number List even the most confident entrepreneurs. According to research conducted by MarketingSignals, as many as 90% of e-commerce companies fail after 120 days. Following this, the e-commerce success rate is approximately 10%, if we call survival for more than three months on the market a success. Such data can be terrifying, but instead of giving up your chance, you can draw conclusions from the mistakes made by others, prepare for possible difficulties and know how to deal with them. Low sales in the online store - the most common causes Certain mistakes made by entrepreneurs operating in e-commerce are particularly common.
Find out how to avoid them. Low sales due to inappropriate offer Without a doubt, one of the main reasons for failure on the e-commerce market is the poor matching of the products sold to real demand. Many entrepreneurs manage sales only based on their intuition - they do not research the needs of the target group or check their expectations. If you are trying to sell a product that no one needs or wants, you are already in a losing position. To avoid such a situation, do market research, find your niche and make sure that users want to buy the products you sell. You don't know how to perform a market analysis and prepare a competitive offer? Check out our article: How to set up an online store that sells? A comprehensive guide to e-commerce Low sales due to unfavorable price Another common mistake is the inability to adjust the price to the offer. You will find online stores that look very unprofessional, but are doing great in the industry - most often this is due to offering the best prices.