4. Lure of the Online Business
• Starting a business online is
now very inexpensive.
• Hosting = A low monthly cost
• Plethora of free/inexpensive content
management services, like WordPress,
and customizing these products is simple.
• Cheap logos, commandable eCommerce
options.
• Inexpensive and free coding environments and
programming languages.
• Low-cost, high-yield marketing options
• global access, 24 hours a day, 7 days a week
• improved client service through greater flexibility
• faster delivery of products
• increased professionalism
• less paper waste
• opportunities to manage your business from anywhere in the world.
5. The Reality is, The Vast Majority of New
Online Business Will Fail And This is
Witnessed Since we don’t have a Business
Model and Most of us Depict Online
Business as “Easy Business” in our Mindset.
6. Failure is the Norm
• Starting, growing and sustaining any business is
exceptionally difficult.
• 20% of new businesses fail
within the first year.
• 51.2% of businesses
have failed after year five.
• 71% have failed by year
ten
8. Established Players
• Established competitors have a huge advantage.
• When people search, they click on the first result 42% of the time.
• Established companies have:
• More money
• Better rankings
• More experience
• Established partners
• Wide customer base
• Analyze trade areas,
competition,supply and
demand.
9. LET US BE THE ONLINE ENTREPRENEUR’S
AND BECOME YOUNGEST BILLIONAIRE’S.