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Showing posts from June, 2024

Is It common for people who start their own e-commerce businesses to initially fail before achieving success?

  Yes, it is . Starting a successful e-commerce business can be a challenging venture, and initial failure is a common experience for many entrepreneurs. According to a report by Gartner, up to 75% of e-commerce businesses fail within the first year. However, failure is not the end, and many successful e-commerce entrepreneurs have experienced setbacks before achieving success. Some common reasons for initial failure include: - Lack of market research and understanding of target audience needs - Insufficient marketing and advertising efforts - Poor website design and user experience - Inadequate inventory management and logistics - Unrealistic expectations and lack of patience Despite these challenges, many e-commerce entrepreneurs have turned their failures into successes by learning from their mistakes and persevering. With the right guidance, support, and training, anyone can overcome initial setbacks and build a thriving e-commerce business. If you're looking to avoid common pi...

How to Start a Profitable Ecommerce Business: A Step-by-Step Guide

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WHAT IS ECOMMERCE BUSINESS? In a simple term,e-commerce is the process of buying and selling of goods and services on the internet. What we want to sell online is physical products. Hot Selling Niches (pick a niche) • Health • Weight loss and fitness • Skincare • Security • Car accessories • Kitchen • Wristwatches • Sex   HOW IT WORKS • You need to identify a problem like Diabetes • Look for effective product to solve the problem • Create a sales page to sell your product • Drive massive traffic from facebook and instagram to your sales page • Receive orders from interested people and delivery the product to them using delivery agents • Then you make money. Starting Your First ECommerce Business To setup your business and start making sales will take just 3 things. 1: What to Sell " A Product " 2: Where You Sell “ A Sales page ” 3: Who You Sell To “ Traffic/ Prospects/customers ”   First, you need what to sell • Health e.g., Diabetes herbs • Weight loss and fitness e.g., slim...