So, you are thinking about starting an E commerce Business or wondering how to grow a technology-oriented business and are nervous for many different reasons. If you don’t know where to put effort and the tips and tricks for a successful business, you will fail, and things will not work your way.
Recent research shows “Around 90% of new startups fail. The same happens with e-commerce businesses. 80%- 90% of them fail only 20% of e-commerce businesses succeed “
If you are starting your e-commerce business or already have one running, this might scare you.
How To Grow Tech-Oriented E commerce Business And Dominate The Market
Problem with businessmen:
Most businessmen are not able to decide if there is a budget for the Tech Marketing of their E commerce Business. To run your business in a smooth and profitable way you need a solid tech, marketing Plan and investment. Let’s Assume,
If there is a requirement for ten lakhs in tech building Five lakh for marketing of a particular E commerce business the businessman is only willing to pay just 2 lakh on tech and just 1 lakh on marketing.
That is why they cannot use the full strength of their technology, and (they need to get there) also they don’t get to know the target audience they are looking for.
That’s why he will not be able to figure out what is the actual problem, why his business is not generating revenue.
