A lot of companies started their online presence as soon as the Internet revolution started. Some made huge profits, many others failed. Some rose to great heights like Amazon.com and Dell.com, which made their founders billionaires. On the other side of the story, Boo.com and Go.com did not share the same fate. Millions of dollars were lost.

Here are some of the reasons of dot com failures which also applies to small Internet businesses.

1. Insufficient planning

You should not run before you can walk. That holds true to brick and mortar businesses as well as an Internet business. A proper plan should be made beforehand.

Never rush into things when starting an Internet business