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Do Most Shopify Stores Fail?

Last updated on October 2, 2022 @ 3:18 am

It is no secret that a large number of businesses fail within the first year. In fact, according to the U.S. Small Business Administration, about 30% of small businesses fail within the first two years of operation.

While there are many reasons why businesses fail, one of the most common reasons is that they simply don’t have enough customers. Without customers, you don’t have sales and without sales, you don’t have a business. So how do you get customers?

One way to get customers is to have a store where they can buy your products or services. A store can be a physical location or an online store.

These days, more and more businesses are opting for online stores because they are less expensive to set up and run than physical stores. Shopify is one of the most popular platforms for setting up an online store.

PRO TIP: Most Shopify stores fail because the store owners do not have a plan or they do not execute their plan. A successful Shopify store requires a lot of work and dedication. If you are not prepared to put in the time and effort, then your store will likely fail.

However, just because you have an online store does not guarantee that you will be successful. In fact, a large number of Shopify stores fail within the first year. So why do they fail?

There are many reasons why Shopify stores fail but one of the most common reasons is that they simply don’t get enough traffic. Without traffic, you won’t get any customers and without customers, you won’t make any sales.

There are a number of ways to increase traffic to your Shopify store but it takes time and effort to do so. If you’re not willing to put in the work, then your store is likely to fail.

In conclusion, most Shopify stores fail because they don’t get enough traffic. If you’re not willing to put in the work to increase traffic to your store, then it’s likely that your store will fail.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.