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How Can You Turn Failures into Opportunities

Updated: Feb 2, 2020

Entrepreneurs Share How They Turned E-Commerce Failures Into Success Stories

Entrepreneurship is quite the battlefield, and it’s more so an uphill battle when it comes to the realm of e-commerce. Most every element of e-commerce acts as a barrier-of-sorts for novice entrepreneurs. From finding the right products to sell, selecting the right website platform, generating traffic, to converting shoppers into paying customers. And retaining those customers while attracting new ones is another challenge – it can all get quite overwhelming. On top of that, let’s not forget, mistakes in e-commerce don’t come cheap. Major funds can go down the drain from the simplest mistakes and oversights. 

Let’s take a look at how some entrepreneurs were able to turn their failures into success stories.

Learn From Mistakes And Build from Them

Everyone in the business world is aware of Steve Jobs’ story. Of course, I’m talking about the time he was forced out of Apple, the company he founded. At that point in time, it must have felt like a huge failure. However, we all know how that story ends – Apple is the biggest company in the world and single-handedly changed the computer and mobile phone industries.  Jobs has famously said, “I didn’t see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me.”

Challenges that arise can be looked at in two ways – either as a failure or as a learning experience that will make you better (or more successful) in the future. 

Another key thing to keep in mind is, if you continue doing things the same way you have always done them, the results you attain will also be the same. This is why assessing what is working with your business and what is not, and finding new solutions is the name of the game. 

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