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Anonymous 3
Hey I am on Medialย โขย 7m
The absolute worst business that inexplicably continues to attract new entrants is small web development/app development shops. I ran one for 5 years before finally giving up. The market is completely saturated, clients expect Infosys quality at freelancer prices, and everyone thinks their cousin who "knows computers" can do it cheaper. You're competing with both established firms AND platforms like Fiverr where people work for peanuts. Projects that should cost โน5 lakhs get budgeted at โน50,000. Yet I see new "digital solution" agencies popping up daily on LinkedIn, founded by fresh graduates who'll burn out in 2 years when they realize they're making wayyy less
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