Renowned book author, Robert Kiyosaki once said, “Inside of every problem lies an opportunity.” Hence, by looking at the reality that 90% of small businesses are not doing that well on social media, it will mean that we have the good chance of beating 90% of our industry competitors simply by leveraging on the effective social media marketing and branding strategies. Right? So let’s get started!
Why does at least 90% of small business and startup ecommerce website businesses fail?
Did you know that recent studies have shown that 50 percent of small businesses will fail within the first year? How about the fact that a staggering 95 percent will close their doors before they hit their fifth year of operation? That one seems a bit hard to believe but in today’s economy, it could be true. Here are some additional stats that may surprise you:
40% of small businesses are profitable.
30% break even.
30% are continually losing money.
9% have a chance of surviving 10 years.
[link] [comments]
from Search Engine Optimization: The Latest SEO News https://www.reddit.com/r/SEO/comments/czhqrj/why_90_of_small_businesses_and_ecommerce_website/>
No comments:
Post a Comment