What do you think have caused the reduction in the amount of profits in business?

[Stardom22]

Most entrepreneurs do lament these days that businesses no longer make good profits as compared to the olden days. Probably that is one of the causes of failure to most startups. What do you think about that?

 

[oliver991]

I think the drop in profits comes from several directions. Competition has increased massively, operating costs are higher, and customers are much more price-conscious. In the past, companies could sell with high margins because they had fewer local or online rivals. Now, you have to keep reinventing yourself to stay relevant.

 

[neku]

Online advertising rates have reduced to a large extent so it is difficult to make a profit from online publishing, selling domains is the main source of profit.