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Why more than 90% of e-commerce worldwide fail ๐Ÿ‘‡

More than 90% of e-commerce worldwide fail.

Understanding why stores fail can bring awareness to be unseen or disregarded areas of your business.

Here are some of the most common reasons highlighted in dozens of Reddit posts, as well as some online research I did ๐Ÿ‘‡

  1. No community

  2. No niche

  3. No market fit

  4. No reputation growth initiatives

  5. No supply chain assurance

  6. No website testing(or not enough)

  7. No customer feedback gathering

  8. Lack of distribution

  9. No business plan

  10. Expensive customer acquisition

  11. Bad accountant

  12. No pivoting at the right time

๐Ÿ‘† This is a random order.

Lack of capital is the first reason, but this usually masks other bad decisions.

What are your experiences? Which of the above is the most troublesome?

submitted by /u/Distinct_Adeptness25
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