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3 Reasons Why Online Businesses Fail + How To Avoid Them!

Published on: December 4 2022 by Baddie In Business

3 Reasons Why Online Businesses Fail + How To Avoid Them!

3 Reasons Why Online Businesses Fail + How To Avoid Them!

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00:00:00 00:00:03 hey buddy full family my name is
00:00:01 00:00:05 isabella i'm the owner of two six figure
00:00:03 00:00:07 online businesses and today i'm gonna be
00:00:05 00:00:09 telling you guys the top three reasons
00:00:07 00:00:11 why i think online businesses fail so
00:00:09 00:00:12 you probably clicked on this video
00:00:11 00:00:14 because you are afraid of starting a
00:00:12 00:00:16 business and it failing you guys know
00:00:14 00:00:18 there's an extremely high statistik for
00:00:16 00:00:19 businesses failing and this is something
00:00:18 00:00:20 that people love to point out when you
00:00:19 00:00:22 tell them that you're first starting
00:00:20 00:00:24 your first online business some studies
00:00:22 00:00:26 show that 90 of online businesses fail
00:00:24 00:00:28 this statistik is probably so high
00:00:26 00:00:30 because it's so easy nowadays to open
00:00:28 00:00:32 your online store in a matter of two
00:00:30 00:00:34 hours in order to avoid this happening
00:00:32 00:00:36 to you it's important to know these
00:00:34 00:00:39 reasons of why they fail so you can
00:00:36 00:00:41 avoid them at all costs possible one big
00:00:39 00:00:42 reason why online businesses fail is
00:00:41 00:00:44 because people put way too much money
00:00:42 00:00:46 into the business initially when first
00:00:44 00:00:48 starting you guys know that i teach on
00:00:46 00:00:50 my channel how you can start a business
00:00:48 00:00:52 with zero dollars i started my first
00:00:50 00:00:54 e-commerce business with 100 so i
00:00:52 00:00:55 started about a year ago today and it
00:00:54 00:00:58 has turned into a six-figure business
00:00:55 00:01:00 without me purchasing ads and without me
00:00:58 00:01:03 paying upfront costs that are just not
00:01:00 00:01:05 necessary most of the people that teach
00:01:03 00:01:07 drop shipping or teach how to build your
00:01:05 00:01:09 online ecommerce store on youtube always
00:01:07 00:01:11 tell you to shopify which you guys know
00:01:09 00:01:13 i tell you not to use as a beginner it's
00:01:11 00:01:14 so unnecessary you guys know i have a
00:01:13 00:01:16 completely different approach i have a
00:01:14 00:01:17 whole entire step-by-step playlist on my
00:01:16 00:01:19 youtube channel for you guys to follow
00:01:17 00:01:21 if you're wanting to start a new
00:01:19 00:01:23 business for very very low startup costs
00:01:21 00:01:25 like i did so i'll leave the link to
00:01:23 00:01:27 that playlist up here so i started my
00:01:25 00:01:29 ecommerce business with 100 and i
00:01:27 00:01:31 personally like to buy things in bulk
00:01:29 00:01:32 and resell them and ship them myself
00:01:31 00:01:34 because i do like to have control over
00:01:32 00:01:35 my products but if you're someone that
00:01:34 00:01:36 you want to start off with drop shipping
00:01:35 00:01:38 that is something that you can start
00:01:36 00:01:39 also with zero dollars i also have a
00:01:38 00:01:41 video about on my youtube channel for
00:01:39 00:01:42 you guys can go and check out and you
00:01:41 00:01:44 can easily find these videos on my
00:01:42 00:01:45 youtube channel but i definitely think
00:01:44 00:01:48 one big reason why these online
00:01:45 00:01:51 businesses fail is because people are
00:01:48 00:01:54 dumping money into these stores before
00:01:51 00:01:56 they even start making income a lot of
00:01:54 00:01:57 people on youtube teach that you should
00:01:56 00:02:00 make a shopify store and then purchase
00:01:57 00:02:02 facebook ads which i 100 disagree i have
00:02:00 00:02:03 never purchased an ad in my life and my
00:02:02 00:02:05 business has turned into a six figure
00:02:03 00:02:07 earning business in less than a year
00:02:05 00:02:08 just by me posting my own videos on tik
00:02:07 00:02:10 tok there are so many ways that you can
00:02:08 00:02:12 promote it you just have to like kind of
00:02:10 00:02:13 learn how to make create videos and i
00:02:12 00:02:14 don't even show my face i know a lot of
00:02:13 00:02:16 people are like oh well you're just some
00:02:14 00:02:18 young girl but i hardly even show my
00:02:16 00:02:19 face in any of my businesses videos
00:02:18 00:02:21 you're free to go check that out if
00:02:19 00:02:23 you're interested essentially what i
00:02:21 00:02:25 think happens is people dig themselves
00:02:23 00:02:27 into a financial hole before they even
00:02:25 00:02:28 get started and then they are starting
00:02:27 00:02:30 to feel hopeless when they don't see a
00:02:28 00:02:33 result right away instead of easing
00:02:30 00:02:34 their way into the business and knowing
00:02:33 00:02:35 that they don't have much to lose
00:02:34 00:02:37 because they invested such a small
00:02:35 00:02:38 portion from the beginning the only
00:02:37 00:02:40 thing that they're really committing is
00:02:38 00:02:42 their time so essentially it's not
00:02:40 00:02:43 something that as it's as scary like you
00:02:42 00:02:45 just dumped two thousand dollars into a
00:02:43 00:02:47 project and now you're waiting to see
00:02:45 00:02:48 the results and then you wind up giving
00:02:47 00:02:52 up because you get scared because you
00:02:48 00:02:52 already invested so much money
00:02:52 00:02:56 that is why i think my method that no
00:02:54 00:02:58 one else toks about is so strong
00:02:56 00:03:00 because it really does ease you into
00:02:58 00:03:02 business without you feeling like you're
00:03:00 00:03:04 going to lose any money so my thing is
00:03:02 00:03:06 if you want to start making money online
00:03:04 00:03:08 don't pay for courses don't pay for ads
00:03:06 00:03:09 don't pay for mentorships don't pay for
00:03:08 00:03:11 a website there's so many ways that you
00:03:09 00:03:13 guys can start for free which i tok
00:03:11 00:03:14 about on my youtube channel and have
00:03:13 00:03:16 step-by-step tutorials literally walking
00:03:14 00:03:19 you guys through it so reason number two
00:03:16 00:03:22 why i think online businesses have a
00:03:19 00:03:24 huge fail rate is because people give up
00:03:22 00:03:26 too easily and they do not believe in
00:03:24 00:03:28 themselves i did not have any sales for
00:03:26 00:03:30 at least two months when i first started
00:03:28 00:03:33 my first business and you guys know i
00:03:30 00:03:35 put 100 in my business so i was still a
00:03:33 00:03:37 little like sad when i didn't see myself
00:03:35 00:03:39 getting any sales i got super
00:03:37 00:03:41 disappointed when i wasn't getting sales
00:03:39 00:03:43 at first i was scared i wasn't sure what
00:03:41 00:03:45 i was gonna do but you guys know that i
00:03:43 00:03:47 started selling lashes so then from
00:03:45 00:03:49 lashes i went on to sell like bundles
00:03:47 00:03:50 with the lashes and lip gloss so like
00:03:49 00:03:52 then now i'm selling something
00:03:50 00:03:54 completely different so you can't be
00:03:52 00:03:55 afraid to just like try different
00:03:54 00:03:56 products and you'll wind up selling them
00:03:55 00:03:58 but then if you want to shift to
00:03:56 00:04:00 different products and try different
00:03:58 00:04:02 products that is a great way of doing it
00:04:00 00:04:03 if you want to just jump in don't feel
00:04:02 00:04:05 like it's going to be your end-all
00:04:03 00:04:06 be-all if you pick one product like
00:04:05 00:04:08 that's the end you can't change it
00:04:06 00:04:10 because that's simply not true i
00:04:08 00:04:13 completely changed my niche but that is
00:04:10 00:04:15 why it's so important to have a business
00:04:13 00:04:16 name that you can kind of change around
00:04:15 00:04:18 because body full i feel like goes with
00:04:16 00:04:20 so many different niches which is why i
00:04:18 00:04:22 chose that name because i knew i was
00:04:20 00:04:24 super indecisive and i knew that i may
00:04:22 00:04:26 have wanted to change the product in the
00:04:24 00:04:27 future but the thing is is you won't
00:04:26 00:04:29 have as much pressure on yourself if
00:04:27 00:04:31 you're starting with a low budget
00:04:29 00:04:32 because you know that you didn't spend
00:04:31 00:04:34 that much money getting into it it's
00:04:32 00:04:36 really just your time and i think people
00:04:34 00:04:38 give up way too easily if they don't see
00:04:36 00:04:40 profits right away i just remember when
00:04:38 00:04:41 i almost gave up and now i'm sitting
00:04:40 00:04:43 here literally toking to you guys right
00:04:41 00:04:45 now and teaching it to you guys which i
00:04:43 00:04:47 find crazy because i literally like you
00:04:45 00:04:48 could ask my best friend i told her i
00:04:47 00:04:51 was like girl i don't think this is
00:04:48 00:04:53 going to work out like i even posted on
00:04:51 00:04:54 facebook and i wanted to know like
00:04:53 00:04:55 people's opinion like i posted in a
00:04:54 00:04:56 makeup group because at the time i was
00:04:55 00:04:59 like little makeup bundles with like
00:04:56 00:05:00 lashes um lip gloss and stuff and i
00:04:59 00:05:02 posted like a picture of what i was
00:05:00 00:05:04 selling to the facebook group and they
00:05:02 00:05:05 dragged me like i was like oh my gosh
00:05:04 00:05:07 this is such a bad idea like i don't
00:05:05 00:05:09 know why i'm doing this but i still had
00:05:07 00:05:12 hope and that hope is what drove me to
00:05:09 00:05:15 continue just trying my best and it
00:05:12 00:05:17 wound up leading me to other routes and
00:05:15 00:05:19 now i have a very solid niche which
00:05:17 00:05:22 people love that's easy to promote so
00:05:19 00:05:23 even if your first idea doesn't go as
00:05:22 00:05:25 planned you can always switch it up and
00:05:23 00:05:28 find another idea and that might be the
00:05:25 00:05:30 one that takes off but the point of this
00:05:28 00:05:32 one is just the fact that don't give up
00:05:30 00:05:34 even if you do not see results right
00:05:32 00:05:36 away reason number three of why i think
00:05:34 00:05:39 businesses fail is that there is a lack
00:05:36 00:05:41 of business identity someone is not sure
00:05:39 00:05:43 what questions to ask themselves when
00:05:41 00:05:45 they are wanting to start an online
00:05:43 00:05:47 business i found five questions that i
00:05:45 00:05:48 think are extremely useful and i'm going
00:05:47 00:05:49 to read them to you right now and these
00:05:48 00:05:51 are the questions that you need to ask
00:05:49 00:05:53 yourself before starting your online
00:05:51 00:05:55 business so the first question is what
00:05:53 00:05:58 am i offering why is it desirable to the
00:05:55 00:06:00 customer who is my customer you have to
00:05:58 00:06:02 know who you're targeting this product
00:06:00 00:06:04 to in order to promote it successfully
00:06:02 00:06:06 how can this product benefit my customer
00:06:04 00:06:07 for example it doesn't have to be so
00:06:06 00:06:09 deep to where like you're solving a
00:06:07 00:06:10 problem in life like for example i saw
00:06:09 00:06:12 just like cute stuff like cute boba
00:06:10 00:06:13 accessories and things like this so like
00:06:12 00:06:15 to answer that question how does this
00:06:13 00:06:16 benefit them it makes them happy so it
00:06:15 00:06:18 can be as simple as that it doesn't have
00:06:16 00:06:20 to be so deep where oh it solves our
00:06:18 00:06:21 life problem itself that you don't have
00:06:20 00:06:22 to solve you don't have to solve a
00:06:21 00:06:24 problem i think that's another thing
00:06:22 00:06:27 that like a rumor that got started with
00:06:24 00:06:29 a lot of gurus on youtube is they tok
00:06:27 00:06:31 about um find a product that solves a
00:06:29 00:06:33 problem which is a smart idea of course
00:06:31 00:06:35 but it doesn't have to be that for sure
00:06:33 00:06:36 because that
00:06:35 00:06:37 definitely i feel like creates a lot of
00:06:36 00:06:39 barriers for me because i'm trying to
00:06:37 00:06:41 think all these things when it's really
00:06:39 00:06:44 just not that deep just find a product
00:06:41 00:06:46 that sells and then number five what are
00:06:44 00:06:48 my long-term goals so you have to set
00:06:46 00:06:50 goals for yourself in order to make
00:06:48 00:06:51 things happen you can't go into
00:06:50 00:06:53 something just knowing like okay
00:06:51 00:06:55 whatever happens happens you do need to
00:06:53 00:06:57 set a goal or to have some idea of what
00:06:55 00:06:59 you want in order for you to work for
00:06:57 00:07:02 that and in order for your motivation to
00:06:59 00:07:04 stay strong so i think another huge
00:07:02 00:07:06 thing that people don't do enough or
00:07:04 00:07:08 they don't put enough emphasis on is
00:07:06 00:07:10 their social media presence with their
00:07:08 00:07:12 business the social media presence
00:07:10 00:07:14 should be the number one thing you're
00:07:12 00:07:15 thinking of when you're starting a
00:07:14 00:07:17 business if you guys have watched my
00:07:15 00:07:20 other videos you guys know how important
00:07:17 00:07:21 it is to have social media presence and
00:07:20 00:07:23 you guys should even be thinking like
00:07:21 00:07:25 okay would this product go viral on tik
00:07:23 00:07:26 tok if i promote this in this way will
00:07:25 00:07:28 this go viral that's what you guys
00:07:26 00:07:30 should be thinking when picking a
00:07:28 00:07:32 product and when starting a new business
00:07:30 00:07:34 is you have to think of it like that
00:07:32 00:07:37 because we live in a time where social
00:07:34 00:07:40 media is literally the control of our
00:07:37 00:07:42 society so you have to capitalize on
00:07:40 00:07:43 that if you want to have a successful
00:07:42 00:07:46 business there is nothing wrong with
00:07:43 00:07:48 fear as fear can actually drive you to
00:07:46 00:07:50 do better don't let that fear hold you
00:07:48 00:07:52 back embrace that fear so you can go
00:07:50 00:07:54 after something that you are getting
00:07:52 00:07:56 inspired to do another huge reason why i
00:07:54 00:07:58 do think online businesses fail is
00:07:56 00:08:00 because people pick a product or a niche
00:07:58 00:08:02 that does not relate to them personally
00:08:00 00:08:04 for example i see a lot of people that
00:08:02 00:08:07 go into the pet niche and they don't
00:08:04 00:08:09 even have a dog or cat or pet to even
00:08:07 00:08:11 represent or feel passionate about being
00:08:09 00:08:12 in this niche and if you're the type of
00:08:11 00:08:14 person that you do want to start off
00:08:12 00:08:16 drop shipping look for items in your
00:08:14 00:08:18 house that you use every day and you
00:08:16 00:08:21 could be so surprised that you could be
00:08:18 00:08:22 drop shipping that exact item to where
00:08:21 00:08:24 then you don't even have to buy the
00:08:22 00:08:25 product for a sample but you know how to
00:08:24 00:08:28 use it something you use in your
00:08:25 00:08:29 everyday life so you know how passionate
00:08:28 00:08:31 and you know that why you like it so
00:08:29 00:08:33 then that can help you psychology wise
00:08:31 00:08:35 when making your content for other
00:08:33 00:08:38 people because you know what you like
00:08:35 00:08:40 even though i don't personally purchase
00:08:38 00:08:42 boba accessories i can still emphasize
00:08:40 00:08:45 with my audience and see what appeals to
00:08:42 00:08:47 them and just this is all just by trial
00:08:45 00:08:48 and error as well if a video does not go
00:08:47 00:08:49 viral for you then you know then that
00:08:48 00:08:51 video is not something that you would
00:08:49 00:08:54 create again it just means you have to
00:08:51 00:08:56 switch something up in order to make
00:08:54 00:08:58 that video better the next time you have
00:08:56 00:08:59 to remember that it's never failure
00:08:58 00:09:01 always a lesson so even if something
00:08:59 00:09:03 doesn't work out this is your lesson to
00:09:01 00:09:05 learn with and grow from if you have
00:09:03 00:09:07 this mindset throughout life and in
00:09:05 00:09:09 business i promise you will see amazing
00:09:07 00:09:11 things happen whatever comes out of your
00:09:09 00:09:12 mouth is what's gonna happen so if
00:09:11 00:09:14 you're constantly someone that's
00:09:12 00:09:16 complaining i'm not getting sales i'm
00:09:14 00:09:18 not getting views i'm not getting this
00:09:16 00:09:20 you are not going to succeed i hope this
00:09:18 00:09:23 video helped you to identify ways that
00:09:20 00:09:25 business can fail so you can avoid that
00:09:23 00:09:27 and have a successful long-term business
00:09:25 00:09:29 model as always give this video a huge
00:09:27 00:09:30 thumbs up so i can continue making
00:09:29 00:09:32 videos like this for you guys and hit
00:09:30 00:09:34 that subscribe button because we are on
00:09:32 00:09:35 the road to a hundred thousand
00:09:34 00:09:37 subscribers wishing you guys all the
00:09:35 00:09:38 best of luck on all your business
00:09:37 00:09:40 adventures and if you guys have any
00:09:38 00:09:42 questions feel free to comment down in
00:09:40 00:09:44 the comment section below i try to
00:09:42 00:09:46 answer every single comment as quickly
00:09:44 00:09:49 as i can i'll see you guys in my next
00:09:46 00:09:49 video bye everyone
00:09:53 00:09:55 through the wastelands through the
00:09:54 00:09:59 highways
00:09:55 00:09:59 to my shadows

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