The Reasons Online Businesses Fail: 2
|Business : Online Business|
The second reason for a business failing is a declining market for a product. You may have a viable business and it works really well, but the demand for the product has dried up.
For instance, imagine a high street store trying to sell typewriters these days - they have all but died out with the advent of computing!
If the demand for your product has died out, then it's time to move on. Perhaps you were selling a fad product, in which case you need to be philosophical.
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