This makes it much more difficult to build

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Lack of clear differentiation – how do you grab the attention of potential buyers to convince them to buy from you over other companies with more recognizable brands What can make you stand out The answer to this question depends a lot on how you create your business strategy. Inability to build a customer base – in a generic and highly crowded niche, customers tend to become bargain hunters.  a solid base of loyal customers who will give you positive reviews, which are essential for attracting new customers. High marketing costs – standing out in a highly competitive niche is likely to require quite a large marketing budget, which can lead to increased operating costs and eroding profit margins. For example, a generics store we deal with has allocated online promotion budgets of over €0,000 in the last month.


Off Google As you can see in the image above, the budget allocated only on Google for this account is ,000 RON per day, which means 0,000 RON per month. Off Facebook For social media, the client allocates ,0 RON per day, i.e. ,00 RON monthly. So, the Belgium WhatsApp Number Data total budget is ,000 RON approx. ,00 EUR per month. I invite you to do the following exercise of imagination: you are a competitor in this player's exact niche. What budgets would you need to stabilize your online business What would be your real chances of success Choosing a business model with low chances





Drop shipping Dropshipping is considered a low to medium risk online business because a large percentage of capital is directed towards promotion and brand awareness. However, judging the businesses of this type around me, in conjunction with online statistics, the success rate of dropshipping in the first year is around 0 . It doesn't seem like a medium or low risk business to me, on the contrary... I give you a real example below. The numbers are provided by a good friend of mine who tested this exact type of business. product: ring for women sale price: $0 purchase cost: $ lowest conversion cost achieved: $ allocated budget: $0 per day number of countries tested:  test days: 0 total loss: $00 we didn't include the cost for website development, it was produced inhouse Amazon Containers