The fact that businesses and other traditional forms of global activities have recently been directed to the Internet, makes one discover the different opportunities that the Internet has presented in the 21st century. One of such is that of an Internet Entrepreneur. This is a term not so prevalent in society that best captures individuals that have positively affected change at a maximum scale through technology. This is a goal that has been reached by owning businesses focused on creating value propositions on and for the Internet. But is an Internet Entrepreneur only focused on these basics? If not, then who is an Internet Entrepreneur?
An Internet Entrepreneur
It’s easier to first recognise an internet entrepreneur as anyone that makes a living from selling products and rendering services online. Though every business is practically done online, it, however, doesn’t make everyone an internet entrepreneur.
An internet entrepreneur is a business owner in charge of running a web-based business. These internet businesses have been created to act as different mediums for other forms of business to leverage internet services. These forms of businesses include Google, Social media applications, Youtube, Spotify, etc.
One can see that these businesses in one way or the other act as platforms for other businesses to thrive. So an internet entrepreneur is also a web entrepreneur who devises new ways to generate income by capitalising on the internet. Although, it’s different when compared to other types of business owners that run businesses online that are not web-driven.
Why You Should Consider Being An Internet Entrepreneur
The world has almost totally lost its ability to go on without web browsers. These online tools have been put in place to support normal day-to-day activities to make life easier with technology. So far the internet has succeeded in enhancing all kinds of operations. Thus, this can be seen through e-commerce to transactions like flight bookings, social media-small business advertising, etc. With more opportunities still waiting to be taken advantage of, these opportunities are even highlighted in different forms.
1. High Earning potential
Internet-based businesses and services have immense earning potentials because these products or services can be accessed by virtually anyone regardless of location or financial worth. An entrepreneur is usually more exposed to higher possibilities of good earning potential, as his business is not subjected to limits such as running only 9-5, but rather a reflection of the efforts and sales. This is even higher for an internet-based entrepreneur, as internet services don’t just make life easier; it’s also a world trend. The possibilities for an internet entrepreneur are therefore endless. It’s no surprise the richest individuals on earth are often internet-based entrepreneurs.
2. Improved Customer Services
A business that allows entrepreneurs to effectively communicate with its customers creates an opportunity to frequently update the customer experience. The use of chatbots, and quick response technologies allows your business to receive and respond to customer complaints timely and effectively. This counts for a lot as businesses need to satisfy customers and consequently the business.
3. Low cost of doing business
The cost of running an internet-based business isn’t as high as that of other traditional forms of business. Besides the cost of maintaining websites, hardware, software, servers, and an internet subscription for data, the business can even start from your garage or your home as undergone by other successful internet businesses like Amazon, Google, etc.
4. Earn in your sleep
An internet-based business can be done with an income strategy that allows the business owner to earn on autopilot.
The business can run on automation, thereby allowing the founder to create a system that works even in his absence.
5. High job creation capacity
Google started with Larry Page and Sergey Brin but today has been able to provide jobs for more than 30,000 individuals. This goes to say the extent to which an internet-based business can create jobs when the business matures.
Knowing who an internet entrepreneur is and the numerous opportunities available to internet-based businesses puts one in the best possible scenario to benefit from the current global technological situation. Who knows, you just might become the next mainstream internet entrepreneur.