What is moving a business online disadvantage
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Answer:
By one count, there are roughly 110,000 ecommerce companies and online firms generating revenue of meaningful scale on the Internet. Retail ecommerce sales in the US alone are expected to amount to more than $461 billion this year … and predicted to rise to $638 billion by 2022.
Ecommerce plays just as big a role in international business and commerce. Total worldwide ecommerce sales are expected to reach $4.5 trillion by 2021, with hundreds of thousands in further online businesses possible.
The sheer tonnage of these numbers makes them easy to gloss over. Billions, trillions … it’s easy to lose the context once values go beyond your familiar frame of reference. You know intuitively that ecommerce plays a massive role in global commerce, but may not see what they suggest for you on a micro scale.
The fact that ecommerce continues to grow should tell you, as an entrepreneur, that online business works. It’s working for hundreds of thousands of other executives around the world — and there are good reasons why. Yet it must also be noted that 90 percent of all Internet business startups end in failure within the first four months.
In other words, there’s a massive gap between failure and success. Though many companies are thriving, nine times as many flop before they have a chance to lift off.
1)Lack of Credibility. With a brick-and-mortar company, a certain level of trust exists intrinsically between the customer and the business. ...
2)Customer Service Challenges. ...
3)Marketplace Saturation.
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