In this digital era of Artifical Intelligence there are so many new daily opportunities on the Internet. Thousands of new online business open daily and plenty of offline busniesses that depends on the internet. A new day and a new AI startup you will find on the internet. Some businesses are their digital product like online courses, bundle etc. Some online business are physical product that get sell on platforms like amazon and shopify or their own website.

But why only few people succeed? Why few people achieved their goals and why many online business got failed and they face a huge loss in their online business or startup? Have you ever think about that?

Here is few reasons why?

Good strategy but wrong product.

Imagine you need a wall clock you checked some clocks online, you saw reviews but you didn’t trust it because plastic feels cheap in photos or maybe the brand you are looking for has too much high prices. Then you go to market for clothes or grocery shopping and you saw your favourite clock you are looking for in a store and it is cheaper then the online prices. you start start thinking why it is selling in higher price in online platforms? Because it costs packaging, shipping fees, platform fees and Taxes.

That makes a product prices automatically higher and low ROE. It is easily available offline stores.There are so many business that manufacturing it. There are so many businesses that selling it offline and online both. The competition is high and if you are not a manufacturer or you didn’t get your product in good wholesale price that has low ROE then it is a reason that takes your online business to failure.

No clear strategy or execution plan