Why do you think it's quite difficult for most online businesses to find sustainability in growth?

[Xtynehappy]

Most online businesses have the difficulty in progressing to achieve success on their business activities. What might be the reasons behind that?

 

[Min George]

The thing is that people think online businesses doesn't need feasibility and they set up online stores without proper feasibility and it surely would crash.

 

[Tray59]

Some of the factors are lack of proper planning and excess spending it's what I have observed before in my business

Post automatically merged: Jun 1, 2024

Some of the factors are lack of proper planning and excess spending it's what I have observed before in my business

 

[Augusta]

Some times it is the seller habit. A lot of people lacks patience. It might not work out the way you want it but consistency might be want you need

 

[Nomad]

Don't make generalization. Sustainability is not related to being online, it is more of the owner's skill

 

[King Belieal]

I have studied so many online businesses and one thing that I can say is that it might not make profits in the first three years. All the local e commerce platforms that are big now reported losses during the first three years. That's where online businesses that failed lost it. And that is being able to navigate the web of losses.

 

[Stardom22]

According to me l can say that most people have very little to no interests at all in the purchasing power with some people.

 

[Springtime]

For a business, offline or online to sustain to grow, there must be proper planning. Get customer feedback on what they are looking for in your business. Keep on offering products which meet with their needs. Most businesses fail because of lack of planning and overspend.

 

[eLdavis]

I think it mainly depends on the business owners. Poor management is usually the major cost for this.

 

[Laurentta]

I believe it is quite difficult for most online businesses to find sustainability in growth because of intense competition.

 

[freelancermaria]

I believe this is happening because the online business space is getting more crowded. It is getting challenging to stand out among other online sellers, especially when they already have loyal customers or a well-established reputation.

 

[Suba]

We must realize that in online businesses, we often encounter competitors of the same type, whether from marketplaces or online stores, so this is one of the factors that hinders business development, besides that, we also have to compete on price and product quality.

 

[Xtynehappy]

This is being caused by the adversely economic conditions and over dependence ratio on the newly created businesses.