Avoiding Common Startup Mistakes Print

  • runningbusinessonlinenigeria, running, domain, troubleshooting, billing, email, backup, nigeria
  • 0

What goes wrong in the first year.

BUILDING BEFORE TESTING DEMAND

An elaborate site for a product nobody wanted. Sell a few by any means first.

UNDER-CHARGING FOR DELIVERY

Busy and unprofitable, because every order loses money on delivery.

NOT CALCULATING THE MARGIN

Revenue growing and nothing left afterwards, because gateway fees, packaging and failed deliveries were never counted.

REGISTERING THE DOMAIN IN THE WRONG NAME

A developer's or an employee's. Disputed later, expensively.

NO BACKUPS

A small problem becoming a rebuild.

MIXING BUSINESS AND PERSONAL MONEY

Impossible accounting and gateway verification problems.

OVERPROMISING DELIVERY

The single largest source of complaints in Nigerian online retail.

TAKING ORDERS ONLY BY MESSAGE

No record, no payment trail, existing in one phone.

DISPATCHING ON A PAYMENT SCREENSHOT

Verify funds in your own account. Always.

LETTING THE DOMAIN LAPSE

Site and email gone, recovery expensive or impossible.

TRYING EVERY CHANNEL AT ONCE

One done properly beats five done badly.


Was this answer helpful?
Back

Are you happy with your experience? Leave us a review on Trustpilot.


Trustpilot