Ecommerce is the sensible (and sometimes, only) option for businesses of a certain size. But online businesses also have the highest likelihood of failing, with some sectors experiencing a failure rate of up to 90% – sometimes as early as the first 120 days.
So what is the cause of all these unfortunate business fatalities? As explained in today’s infographic, there are numerous factors that might result in the failure of an online business. Lack of planning, underestimating the amount of work that is involved, poor marketing and bad website design are just a few of the causes.
Don’t let the statistics put you off from starting your own business though. Instead, take a look at the infographic below and try to make sure that your new venture doesn’t become just another statistic.