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The Reasons Why Most Online Businesses Fail In Nigeria - Business (2) - Nairaland

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Mistakes Most Online Shoppers In Nigeria Make And How To Avoid Them. / 16 Reasons Why Many Businesses Fail And How To Avoid Them / Why Small Businesses Fail In Nigeria (2) (3) (4)

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Re: The Reasons Why Most Online Businesses Fail In Nigeria by allisonluvsu(m): 3:25pm On Dec 16, 2015
ok
Re: The Reasons Why Most Online Businesses Fail In Nigeria by Laredojohn(m): 3:32pm On Dec 16, 2015
Nice tips... hope all aspiring Internet biz peeps reading this...
Re: The Reasons Why Most Online Businesses Fail In Nigeria by Nobody: 3:47pm On Dec 16, 2015
Trust is the biggest reason.

Online biz is based on trust,Nigerians has so much criminal minds.I for one will be really afraid to buy anything from a Nigerian person online over here talkless of in Nigeria.

Am sorry but that's how I feel.
Re: The Reasons Why Most Online Businesses Fail In Nigeria by marioioidp: 4:21pm On Dec 16, 2015
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Re: The Reasons Why Most Online Businesses Fail In Nigeria by Youngzedd(m): 4:25pm On Dec 16, 2015
Atmmachine:
The only reason why online businesses is dead in Nigeria is because our government is corrupt.
They don't wanna develop our country so that foreign investors and the citizens will have the platform to start and have a successful online business.

Excuses.
Re: The Reasons Why Most Online Businesses Fail In Nigeria by DOCTORDONE: 5:15pm On Dec 16, 2015
Well-said
Re: The Reasons Why Most Online Businesses Fail In Nigeria by GreatManBee: 5:36pm On Dec 16, 2015
importexpert:
As you are aspiring to start your online or offline business, it is important you read this article. i was so disappointed when i read a research carried out by an international U.S based organization (S.B.A small business administration) on the percentage of online business that fails. they revealed that about 80% of online businesses fails within the first year and this made me to carry out a little research on why such business fail in Nigeria and how to avoid such failures.

Online businesses should be treated very much the same like a real offline business. If you were to start a Barbing saloon, shoe making, tailoring, baking etc, what would you do? What mindset do you need? With the wrong mindset, you are setting up your online business for failure.

With the hype that people have been getting on the internet, many have come to believe that millions can be earned overnight without any effort. Sure, you can earn a lot of money online; but not overnight. Those who have "overnight" success with one project, be it sealing an importation deal, website design or programing project, had to learn and practice over some period of time before they learned how to earn huge money faster.

So, if you're serious about becoming rich making money through the net, you must first avoid the top reasons why online businesses fail:

1) Information Overload: The internet is an intricate network of massive information highways. If you've been searching for the key to online success for quite some time now, chances are you already read a massive amount of data and information that most probably has led you to confusion. It's difficult to sift through the pages and pages of reading materials and find one that would really give you the step-by-step guide to start giving you sizable monthly income online.

2) Lack of Focus: The problem with so many websites promising you huge amount of income opportunities, people end up jumping from one thing to another. Will you go for blogging? Affiliate marketing? Importation? There are just so many ways to make money online. My advice: just get something done. Start with one and make some money before you move to the next.

3) No Goal: Whether you're doing your business online or offline, having your goal is one solid foundation to determine whether you will succeed or fail. Not knowing where you're going will definitely lead you nowhere. Guaranteed.

4) No Compelling Reason to Succeed: How many times have you set a goal and then just forget it? Why are you setting that particular goal? You want to earn N300,000 within 3 months and improve that by N100,000 every month until you reach N1,000,000 per month? Great! But the question is why? Is it for your education? Is that for your marriage celebration? Is it because you need to set aside N200,000 per month for your long term care? Or to help your needy relatives and neighbors?

5) Lack of Patience: With the instant coffee, instant downloads and all the instant gratification society has spoiled us with, people got accustomed to "I-get-what-I-want-NOW!" Success is never overnight. You need to pay the price. We can't get away from the Law of Sowing and Reaping. You will always reap what you planted. But you have to give the seeds time to grow and be nurtured properly by the sun.

It's a blessing that while we need to put in some work doing online business, it is actually much less and simpler than you can imagine if you have a guiding compass like me that shows you the does and don't s.

All you need to start is to know the basics. You need an easy to follow guide that shows you how to do online business by simply connecting the dots, and you can avoid the pitfalls of online business and eventually achieve great success.

i hope you enjoyed reading this article and feel free to ask me your questions regarding online businesses and especially online importation. your success is truly my pride.

for those copy cat that must copy this article, please link it back to Nairaland, importExpert and this thread.

cc: Lalasticlala
Re: The Reasons Why Most Online Businesses Fail In Nigeria by Wisdomkosi(m): 6:56pm On Dec 16, 2015
I'm a full time blogger.
Re: The Reasons Why Most Online Businesses Fail In Nigeria by importexpert(m): 7:07pm On Dec 16, 2015
Youngzedd:


Excuses.


they always have millions of such related excuses. when i hear some people's excuses i beging to wonder if excuses can pay my bills. i beging to wonder if i should forget my biz and start using excuses. the only reason that is keeping me is that their excuses is yet to start generating cash for them. how is business bro?
Re: The Reasons Why Most Online Businesses Fail In Nigeria by menzo4u: 7:47pm On Dec 16, 2015
importexpert:
As you are aspiring to start your online or offline business, it is important you read this article. i was so disappointed when i read a research carried out by an international U.S based organization (S.B.A small business administration) on the percentage of online business that fails. they revealed that about 80% of online businesses fails within the first year and this made me to carry out a little research on why such business fail in Nigeria and how to avoid such failures.

Online businesses should be treated very much the same like a real offline business. If you were to start a Barbing saloon, shoe making, tailoring, baking etc, what would you do? What mindset do you need? With the wrong mindset, you are setting up your online business for failure.

With the hype that people have been getting on the internet, many have come to believe that millions can be earned overnight without any effort. Sure, you can earn a lot of money online; but not overnight. Those who have "overnight" success with one project, be it sealing an importation deal, website design or programing project, had to learn and practice over some period of time before they learned how to earn huge money faster.

So, if you're serious about becoming rich making money through the net, you must first avoid the top reasons why online businesses fail:

1) Information Overload: The internet is an intricate network of massive information highways. If you've been searching for the key to online success for quite some time now, chances are you already read a massive amount of data and information that most probably has led you to confusion. It's difficult to sift through the pages and pages of reading materials and find one that would really give you the step-by-step guide to start giving you sizable monthly income online.

2) Lack of Focus: The problem with so many websites promising you huge amount of income opportunities, people end up jumping from one thing to another. Will you go for blogging? Affiliate marketing? Importation? There are just so many ways to make money online. My advice: just get something done. Start with one and make some money before you move to the next.

3) No Goal: Whether you're doing your business online or offline, having your goal is one solid foundation to determine whether you will succeed or fail. Not knowing where you're going will definitely lead you nowhere. Guaranteed.

4) No Compelling Reason to Succeed: How many times have you set a goal and then just forget it? Why are you setting that particular goal? You want to earn N300,000 within 3 months and improve that by N100,000 every month until you reach N1,000,000 per month? Great! But the question is why? Is it for your education? Is that for your marriage celebration? Is it because you need to set aside N200,000 per month for your long term care? Or to help your needy relatives and neighbors?

5) Lack of Patience: With the instant coffee, instant downloads and all the instant gratification society has spoiled us with, people got accustomed to "I-get-what-I-want-NOW!" Success is never overnight. You need to pay the price. We can't get away from the Law of Sowing and Reaping. You will always reap what you planted. But you have to give the seeds time to grow and be nurtured properly by the sun.

It's a blessing that while we need to put in some work doing online business, it is actually much less and simpler than you can imagine if you have a guiding compass like me that shows you the does and don't s.

All you need to start is to know the basics. You need an easy to follow guide that shows you how to do online business by simply connecting the dots, and you can avoid the pitfalls of online business and eventually achieve great success.

i hope you enjoyed reading this article and feel free to ask me your questions regarding online businesses and especially online importation. your success is truly my pride.

for those copy cat that must copy this article, please link it back to Nairaland, importExpert and this thread.

cc: Lalasticlala
inspiring
Re: The Reasons Why Most Online Businesses Fail In Nigeria by BrainnewsNg(f): 7:47pm On Dec 16, 2015
importexpert:
As you are aspiring to start your online or offline business, it is important you read this article. i was so disappointed when i read a research carried out by an international U.S based organization (S.B.A small business administration) on the percentage of online business that fails. they revealed that about 80% of online businesses fails within the first year and this made me to carry out a little research on why such business fail in Nigeria and how to avoid such failures.

Online businesses should be treated very much the same like a real offline business. If you were to start a Barbing saloon, shoe making, tailoring, baking etc, what would you do? What mindset do you need? With the wrong mindset, you are setting up your online business for failure.

With the hype that people have been getting on the internet, many have come to believe that millions can be earned overnight without any effort. Sure, you can earn a lot of money online; but not overnight. Those who have "overnight" success with one project, be it sealing an importation deal, website design or programing project, had to learn and practice over some period of time before they learned how to earn huge money faster.

So, if you're serious about becoming rich making money through the net, you must first avoid the top reasons why online businesses fail:

1) Information Overload: The internet is an intricate network of massive information highways. If you've been searching for the key to online success for quite some time now, chances are you already read a massive amount of data and information that most probably has led you to confusion. It's difficult to sift through the pages and pages of reading materials and find one that would really give you the step-by-step guide to start giving you sizable monthly income online.

2) Lack of Focus: The problem with so many websites promising you huge amount of income opportunities, people end up jumping from one thing to another. Will you go for blogging? Affiliate marketing? Importation? There are just so many ways to make money online. My advice: just get something done. Start with one and make some money before you move to the next.

3) No Goal: Whether you're doing your business online or offline, having your goal is one solid foundation to determine whether you will succeed or fail. Not knowing where you're going will definitely lead you nowhere. Guaranteed.

4) No Compelling Reason to Succeed: How many times have you set a goal and then just forget it? Why are you setting that particular goal? You want to earn N300,000 within 3 months and improve that by N100,000 every month until you reach N1,000,000 per month? Great! But the question is why? Is it for your education? Is that for your marriage celebration? Is it because you need to set aside N200,000 per month for your long term care? Or to help your needy relatives and neighbors?

5) Lack of Patience: With the instant coffee, instant downloads and all the instant gratification society has spoiled us with, people got accustomed to "I-get-what-I-want-NOW!" Success is never overnight. You need to pay the price. We can't get away from the Law of Sowing and Reaping. You will always reap what you planted. But you have to give the seeds time to grow and be nurtured properly by the sun.

It's a blessing that while we need to put in some work doing online business, it is actually much less and simpler than you can imagine if you have a guiding compass like me that shows you the does and don't s.

All you need to start is to know the basics. You need an easy to follow guide that shows you how to do online business by simply connecting the dots, and you can avoid the pitfalls of online business and eventually achieve great success.

i hope you enjoyed reading this article and feel free to ask me your questions regarding online businesses and especially online importation. your success is truly my pride.

for those copy cat that must copy this article, please link it back to Nairaland, importExpert and this thread.

cc: Lalasticlala


Thanks
Re: The Reasons Why Most Online Businesses Fail In Nigeria by laserjet: 7:50am On Dec 17, 2015
Atmmachine:
The only reason why online businesses is dead in Nigeria is because our government is corrupt.
They don't wanna develop our country so that foreign investors and the citizens will have the platform to start and have a successful online business.

Why do we always POLITICIZE everything, huh??
Re: The Reasons Why Most Online Businesses Fail In Nigeria by Nobody: 9:23am On Dec 17, 2015
One does also need to create the right conditions

1. stable power supply
2. cheap and quick internet access for everyone, at any place
3. safe internet banking system
4. up to date devices with proper security protection (which the man in the street might not be able to afford)
5. countrywide system of reliable delivery services (good, safe and extended road network)
6. adequate laws & regulations to protect digital customers (and proper enforcement system)

In business, online or offline, trustability is key, after all.

We got a long way to go...
Re: The Reasons Why Most Online Businesses Fail In Nigeria by importexpert(m): 1:53pm On Dec 17, 2015
menzo4u:
inspiring

am happy it was able to inspire you.
Re: The Reasons Why Most Online Businesses Fail In Nigeria by importexpert(m): 1:54pm On Dec 17, 2015
BrainnewsNg:



Thanks

you are welcome
Re: The Reasons Why Most Online Businesses Fail In Nigeria by tck2000(m): 9:35pm On Nov 27, 2019
.,

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