Top 3 Factors to Look Forward to in Making your eCommerce Venture a Success
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AuthorDavid Boo 19th December 2017
Online shopping is not a buzzword anymore. People around the world now use this convenient option to shop for anything that they can’t get in their own city or country and get it shipped to their home or business address quite easily. There isn’t much difference in pricing for most companies offering online products and services to customers worldwide except for the giants like Amazon and eBay. So how companies can attract customers in hordes? Ecommerce website design is one way along with lots of other factors that I will discuss in this blog now.
A unique design and layout like branex digital agency https://www.branex.ca is the best way to get most eyeballs. According to a recent article by Forbes, more than 90% of the startups/small business started fail within the first year itself. Ecommerce ventures also fall in the same category. Some experts in this field even ask for a post-mortem of the failure by any prospective entrepreneur even before they start their business. So why businesses fail even after researching and planning so hard?
Let’s analyze the top 3 factors to make your eCommerce business a success.
1. Entrepreneurship is Not Easy to Handle:
Ecommerce business is huge worldwide. So why 9 out of 10 does companies fail each year. One can easily relate it to a saturated market but dive deep and you will find many more answers. The product or service itself is one of the biggest culprit most of the times. Many entrepreneurs think that it has more to do with ecommerce website design than anything else. But the stark reality is what I have just mentioned.
If your product is not perfect for the marketplace in which you will work then you are bound to fail. If you will make a product that is rich in features and very economical too but no one in the market wants it, than what? Prospective entrepreneurs spend the midnight oil in making a product but there should be a genuine need for it in the market. Make sure it’s the right product for the right target market otherwise you will continue to fail miserably.
2. Make Sure you are not Ignoring Anything
Even if you have a great team and a stellar product idea, your business can fail. And this happens most of the times. The entire business process and everything right from looking for a business plan till pitching your idea to an investor, you need to keep in mind all the things that are required. Failing to do that can have severe consequences for you, worst, you will not be able to make your project a success.
There are times when many things can go wrong and the responsibility of the owner of the business need to on your toes all the time. And this includes even after your business is a success so that you leave no stone unturned in making your endeavor a success.
3. Quick Growth
Now this is one aspect which many entrepreneurs think about as a negative sign. If everything goes as per the rulebook, your business can grow really fast. But what if the success can overwhelm you in the initial few months itself? It’s a good omen and it means that your business is actually growing by leaps and bounds. In fact, this is exactly what every aspiring businessman looks to achieve. So don’t take it as anything bad but it is something good and worth your hard work.
Please take some time out and offer your feedback for this blog in the comments section below.
19th December 2017
A unique design and layout like branex digital agency https://www.branex.ca is the best way to get most eyeballs. According to a recent article by Forbes, more than 90% of the startups/small business started fail within the first year itself. Ecommerce ventures also fall in the same category. Some experts in this field even ask for a post-mortem of the failure by any prospective entrepreneur even before they start their business. So why businesses fail even after researching and planning so hard?
Let’s analyze the top 3 factors to make your eCommerce business a success.
1. Entrepreneurship is Not Easy to Handle:
Ecommerce business is huge worldwide. So why 9 out of 10 does companies fail each year. One can easily relate it to a saturated market but dive deep and you will find many more answers. The product or service itself is one of the biggest culprit most of the times. Many entrepreneurs think that it has more to do with ecommerce website design than anything else. But the stark reality is what I have just mentioned.
If your product is not perfect for the marketplace in which you will work then you are bound to fail. If you will make a product that is rich in features and very economical too but no one in the market wants it, than what? Prospective entrepreneurs spend the midnight oil in making a product but there should be a genuine need for it in the market. Make sure it’s the right product for the right target market otherwise you will continue to fail miserably.
2. Make Sure you are not Ignoring Anything
Even if you have a great team and a stellar product idea, your business can fail. And this happens most of the times. The entire business process and everything right from looking for a business plan till pitching your idea to an investor, you need to keep in mind all the things that are required. Failing to do that can have severe consequences for you, worst, you will not be able to make your project a success.
There are times when many things can go wrong and the responsibility of the owner of the business need to on your toes all the time. And this includes even after your business is a success so that you leave no stone unturned in making your endeavor a success.
3. Quick Growth
Now this is one aspect which many entrepreneurs think about as a negative sign. If everything goes as per the rulebook, your business can grow really fast. But what if the success can overwhelm you in the initial few months itself? It’s a good omen and it means that your business is actually growing by leaps and bounds. In fact, this is exactly what every aspiring businessman looks to achieve. So don’t take it as anything bad but it is something good and worth your hard work.
Please take some time out and offer your feedback for this blog in the comments section below.