If you want to truly maximize your success in the business world, digital entrepreneurship is a must.
Now more than ever before, getting online with your venture can open up new markets and potential revenue streams that were never available pre-Internet.
Digital-based businesses give budding entrepreneurs the platform to launch their businesses online in a cost-effective way, without any physical constraints.
Platforms combined with online tools such as e-commerce sites, blogs, and YouTube channels open up countless opportunities for aspiring entrepreneurs with modern solutions that put control of daily routines firmly within reach.
Digital businesses offer flexibility, meaning you can work wherever or whenever you want, enjoying a digital nomad-like lifestyle while providing an accessible means of launching your venture today.
For those looking to make their mark as an enterprising individual this year, there’s no better time or resource than our comprehensive guide on how to get started.
But First Some Quick Links
What Is Digital Entrepreneurship
- 1 What Is Digital Entrepreneurship
- 2 Digital Entrepreneur Online Business Examples
- 3 Why You Should Become An Digital Entrepreneur
- 4 Skills You Need As A Digital Entrepreneur
- 5 Digital Entrepreneurship Revenue Streams
- 6 Best Business Online To Start First.
- 7 Wrapping Up
Digital entrepreneurs are leveraging the power of technology and the internet to launch innovative businesses that disrupt traditional models.
By harnessing digital tools and methods, these enterprising individuals can create unique services or marketplaces at a speed previously unimaginable.
In today’s time, it’s important to stay up to date on cutting-edge technology, news, and other sources of information to quickly identify trends and build products and services around them.
This and some other skills are what separate a successful digital entrepreneur from the rest of the crowd.
Aspiring business owners need only open their laptops to access all they require in order to take part in this new wave of online entrepreneurship.
Furthermore when you becoming a digital entrepreneur opens up myriad opportunities for business owners who want to tap into the expansive potential of online commerce.
Sell your products or services directly from an e-commerce website, expand visibility with social media accounts and barcodes on table menus, and even create engaging tutorials featuring your product!
Whatever route you decide to take in becoming a digital entrepreneur promises incredible exposure and untapped profits.
Digital Entrepreneur Online Business Examples
Without, doubt e-commerce is revolutionizing the way businesses operate, and entrepreneurs are taking notice.
From small niche market stores to multi-billion dollar companies offering an array of products or services, online business has become a vital component for success.
And the best part is that everyday individuals are learning the skills needed to launch their own business online while successfully driving traffic to their digital business with search engine optimization and other advertising efforts.
All in their spare time from their 9-5 day job.
Examples of successful e-commerce stores such as Amazon, Etsy, and Shopify/WordPress exemplify how far-reaching digital enterprises can be in today’s world.
Here are some examples of digital entrepreneurs:
From the moment internet access became widely available, bloggers have been a driving force in content creation.
They focus on delivering fascinating information to their followers and as they build an audience base, many of these entrepreneurs are able to use it for financial gain through advertising, partnerships, or product sales.
Blogging has allowed businesses big and small with new ways of realizing success online.
There are many ways you can start your own business online with blogging from course creation to affiliate marketing.
Affiliate marketing bloggers work in the exciting world of online commerce, creating content that promotes products and services from other businesses utilizing the affiliate program they offer.
In short, they act as a middleman for the consumers and the products.
Through using this form of marketing, they generate leads or sales for their client which give them a commission on every purchase made as result.
Writing reviews and tutorials to highlight these offerings is just one component of social media ad campaigns leveraging email can be a key driver too.
This has to be one of the top ways to generate passive income as a digital entrepreneur.
Lead Generation Blogger
Lead-generation bloggers are the secret weapon for businesses looking to grow their customer base.
They craft thought-provoking, engaging content that entices visitors and encourages them to provide contact information in exchange for exclusive access or offers from your business.
By providing captivating digital experiences via calls-to-action, opt-in forms, landing pages, and more. The main goal of a lead generation blog is to create top-quality content to turn casual browsers into loyal new customers.
This type of business model is a numbers game.
Around the globe, content curators are quickly becoming some of today’s most lucrative businesses.
From daily Instagram posts to weekly videos and even one-hit TikTok wonders, these creators have capitalized on their skill sets by recognizing a major opportunity and tapping into an industry that is now worth over 100 billion dollars annually.
The crazy part about this you can become a content creator so easily, especially with niche social media marketing.
Here is a better understanding of what we mean, one of our niche social media pages Sushitooth was made for the love of sushi and a back-end affiliate marketing website teaching people how to make it at home.
Thanks in part to platforms like YouTube and Tik Tok, influencer marketing has become increasingly mainstream making it easier than ever for creative entrepreneurs to develop successful media brands from the comfort of home.
This has to be the easiest revenue stream to start with on your road to becoming a digital nomad.
UGC Marketing is an essential strategy for building trust and credibility with potential customers.
By leveraging the power of user-generated content, brands can showcase products being loved by real people rather than just endorsed by themselves.
Furthermore, UGC helps to create a sense of community between brand and customer while driving engagement and sales ultimately creating lasting relationships that go beyond traditional marketing tactics.
There is a huge community of UGC Creators on Twitter / Reddit.
Pretty much all you need to get started is:
- iPhone or Camera
- Editing Software ( Adobe premier, cam cut , canva)
Once you’ve built a portfolio of the product page, begin cold outreach to local companies.
Many Niche dropshipping stores pay top dollar for quality UGC content videos.
Typically what do you think first when you hear the term online business?
E-commerce provides a convenient, reliable way to shop online directly from businesses.
Customers can browse an extensive catalog of products and services before proceeding securely through the checkout process with their chosen payment option whether it be credit card or otherwise.
These days it has been simpler than ever to start an online business and sell products or services online.
You can use a quick easy-to-use page builder or go the professional route with a WordPress website.
With a WordPress website, it may take a little learning curve to set up your store, but we are here to assist you!
Here are a few examples of digital business models you can use for your first digital commerce store:
This type of online store has emerged as one of the most popular eCommerce business models for aspiring entrepreneurs.
To break it down simply: An online retailer working in a drop-shipper capacity does not keep goods on hand and instead plays a remote middleman’ shouldering all necessary administrative duties like finding stock items to sell and setting up shop with web page management.
Some other tasks include addressing customer concerns while leaving fulfillment tasks such as order processing and shipment details to wholesalers or manufacturers who ship directly out to customers.
You pretty much just create content and drive traffic to your digital products pertaining to your target audience.
Furthermore setting up a dropshipping store is simple and quick as ever these days. You can start in less than 24 hours.
Print On Demand
This model is popular with niche social media stores.
With print-on-demand (POD), entrepreneurs can maximize the potential of their product lines, offering unique items to customers without worrying about excess inventory.
Instead of pre-producing a range of goods, POD allows businesses and creatives to instantly meet customer needs with no commitment or risk involved.
This is great for social media platforms such as youtube channels.
Aspiring entrepreneurs can explore their creativity and maximize their potential with a custom t-shirt printing website.
Utilizing the power of print-on-demand services, they don’t need to commit to large inventories you can simply just create designs, add them to products and promote online all while you watch as orders roll in.
This low-barrier entry enables them to test out different styles at minimal risk.
Why You Should Become An Digital Entrepreneur
In just a few short years, analysts estimate that e-commerce revenue in the U.S. will more than double, surpassing 1.7 trillion dollars by 2027.
This dramatic increase reflects our nation’s increasingly digital marketplace and growing affinity for online shopping both now and into the future.
Digital entrepreneurs around the world are taking a simple business idea and turning it into a successful business while taking back their time to do things they love such as hobbies or spending time with loved ones.
5 reasons people become digital entrepreneurs and start a digital business
1. Low Start-Up Cost
The digital business market is becoming increasingly accessible for entrepreneurs, enabling them to start with small investments and grow as their success increases.
By foregoing the costs of rent, utilities, and physical inventory associated with traditional brick-and-mortar businesses, aspiring entrepreneurs can focus on launching an online store or dropshipping enterprise which are both cost-effective solutions compared to retail operations.
The ever-growing selection of affordable digital tools from website builders and marketing software to eCommerce platforms has equipped ambitious visionaries who embrace technology with all they need to get started in creating a prosperous future today.
2. Lifestyle Flexibility.
Digital entrepreneurs have the often enviable ability to work from anywhere, on their own terms and schedule.
This is the most attractive reason people start online businesses, I’m sure many can agree.
This allows their unique freedom of choice, whether it’s working from home or traveling.
Also creating that much-desired balance between professional life and personal commitments with relative ease is a perk.
Plus, for those running solo operations or small teams, there is no need for a physical business space.
The digital route offers many enticing advantages in comparison to traditional methods of operation.
3. Scalability Advantages
When you own an online business you’ve opened the door to reaching a global audience with minimal marketing costs, allowing entrepreneurs to grow their customer base and increase revenue faster than ever before.
What’s more digital business automation allows them to allocate time they’d previously spend on mundane tasks to hone in on ways that can help scale up growth quickly.
4. Generate Passive Income
Affiliate marketing and drop shipping are digital business models that can provide financial freedom for entrepreneurs without extensive oversight.
With the right strategies, these innovative methods of commerce offer stability to aspiring professionals in a competitive marketplace.
The more digital revenue streams online, as well as offline side hustles so financial freedom is more accessible than ever.
5. Business Automation
Automation is a valuable tool for entrepreneurs looking to leverage the potential of digital businesses.
By utilizing software, apps and other tech-driven solutions, tedious tasks such as customer service management or inventory control can be automated, freeing up time for you the business owner to focus on expanding your reach and maximizing day-to-day opportunities.
A good example of this would be email marketing.
Business performance is the goal of automation as well as making not only your customer’s lives better but also yourself as a digital entrepreneur
Skills You Need As A Digital Entrepreneur
Digital Entrepreneurship requires a set of skills you should invest in yourself to learn while your own this path.
Entrepreneurial success depended on not only your knowledge but also your willpower, consistency, discipline, and a mixture of other social skills that many other entrepreneurs all seem to have.
A few examples of what skills successful entrepreneurs in the digital world have is:
To get your valuable idea out in the world, creating an online platform is a must.
A website is the simplest way to make that happen and ensure it reaches its full potential which is an essential step.
You can use website page builders such as Shopify or you can take the time to learn more advanced platforms such as WordPress and web flow.
Learning how to code is also one of the most valuable skills all digital entrepreneurs should take the time to learn.
You don’t have to be a coding prodigy but at least invest the time to learn basic coding or knowledge of universal languages such as python.
Some websites you can learn from:
- Free Code Camp
- Team TreeHouse
Knowledge is power, and the more you know the better the chances your online businesses will flourish.
SEO ( Search Engine Optimization)
Aspiring digital entrepreneurs must know how SEO works.
Understanding this will bring in new business to your website and you will start generating revenue organically.
Having crafted your site with a purpose, you now seek an audience to appreciate it.
SEO may seem daunting but is fairly straightforward, create content that people are looking for and be sure they can find what they need.
Through effective SEO strategies, visitors will discover the value of your idea sooner rather than later.
If you’ve heard of SEO before then you must have heard of Ahrefs
They provide top their valuable information that you should spend time going over if you want to become a digital entrepreneur.
You can watch this course for free, it will teach you how to drive traffic to your website using the latest digital marketing strategies.
Content marketing is an essential digital marketing skill digital entrepreneurs should learn.
This skill is valuable and many companies pay digital marketing experts to craft an SEO-optimized content strategy sales funnel for their brands.
Your own business will also flourish if you know how to align this skill in correlation to your business idea.
Luckily there are many AI writing tools you can use to assist you in today’s age.
Digital business ideas rely on top-tier copywriting.
Writing words that promote a brand and engage potential customers, copywriting is an essential tool in today’s digital landscape.
From website content to email campaigns and blog posts when done effectively, it has the power to draw attention, inspire action, and differentiate your business from competitors all while making a profitable sales funnel.
There are many online courses available to learn copywriting as a skill but the best way to learn is to just do it.
With an effective approach to copywriting, online businesses can unlock a wealth of potential when it comes to expanding their reach and increasing sales.
Crafting compelling product descriptions and examples of how companies can utilize this powerful tool in order to create more engaging digital content that drives conversions.
PPC Media Buying.
Media buying is another essential skill all aspiring digital entrepreneurs should have in their toolkits.
PPC media buying offers online businesses an effective way to reach their target audience.
By bidding on keywords, phrases, or placements they want their ads to appear in relevant search results, companies can make sure that when someone clicks through the ad, it is a valuable and worthwhile effort for both parties involved.
This is one of the stabled skills of digital marketing.
If you are starting your own business you can use media buying to drive traffic and sales as well as build your data for your email marketing campaigns.
Ad creation is key, but also creating a funnel-like Ad system to identify problems your potential new customers may have while offering them a solution all while driving traffic to your website in to potentially sell products on your storefront.
To get top-quality ads from the start we recommend using AdCreative Ai.
Understanding how to read analytics is crucial for any digital entrepreneur to learn.
While complex graphs can be intimidating for newcomers to the space, all that’s required is a basic grasp of how numbers work.
This invaluable knowledge will help you analyze your website traffic and better understand which pages or products are resonating with visitors.
Tools you will need:
- Google Analytics
- Google Search Console
- Google Keyword Exploer
- Ahrefs (optional but highly recommended)
Google Analytics is your go-to source for seeing what content resonates with readers and Google.
It can provide valuable insights that show which articles need more attention be it through development, promotion, or repurposed into other formats like videos.
Google Search Console
Think of Google Search Console as a window into what the world is searching for, it can offer powerful insights about which terms and keywords are driving visitors to your website.
Google Keyword Explorer
Google’s keyword research tool can provide you with a list of popular keywords that reflects current trends plus helpful information such as search volume, competition rate, and cost per click.
This information will help you make informed decisions on which words to target in your digital marketing strategy.
Ahrefs presents an all-inclusive suite of solutions to boost your website visibility in SERPs.
With its keyword research tool, you can identify the most relevant keywords for better content optimization and track backlinks for holistic performance analysis.
Furthermore, Ahrefs helps uncover any technical SEO problems that may hinder your ranking abilities.
Email marketing is another skill that is mandatory to understand if you want to become a digital entrepreneur
Many digital entrepreneurs rely on email to drive essential traffic to their digital products and e-commerce businesses throughout the year.
From the start, it is smart for a new business venture to build a marketing list.
Not only will you save time but you will also save money as it can be used to validate digital product ideas.
This allows new businesses to save time and money in the long run.
Furthermore, it’s critical to capture your site visitors into an email list as soon as they arrive – if you don’t, not only are they gone forever but so is the opportunity to showcase all of your awesome articles and products.
Don’t let their potential interest dissipate without a trace; invite them in with captivating emails that will turn one-time viewers into lifelong subscribers.
How to grow your email list
Besides PPC advertising, there are many ways to grow your email marketing list.
In our opinion utilizing a value-packed free lead magnet such as an ebook or checklist is a great starting point.
Pat Flynn is a great resource gather some initial knowledge on how to grow your email list.
Digital Entrepreneurship Revenue Streams
From building your online courses to individual saas companies all the way to niche social media stores.
There are many revenue streams that digital entrepreneurs can partake in to help grow their business online at scale.
When making the transition to digital entrepreneurship, diversification is crucial for success.
Leveraging fast-paced product creation and scalability through virtual services allows you to quickly tap into multiple revenue streams simultaneously ensuring consistent financial return while also providing protection from relying entirely on a single source of income.
Sponsored Content Endorsements.
Digital Entrepreneurship involves companies leveraging an audience’s attention in order to promote their product or services.
This is a great way to make extra revenue for your business venture
This can take various forms, such as embedding advertisements into YouTube videos on your youtube channel, creating sponsored posts for written articles about products, and crafting social media accounts promotion highlighting the company.
All are powerful outlets offering the boundless potential for activating success for your online business.
When using this business model to generate revenue, be sure to pick sponsors that align well with your targeted audience.
Especially the product or service they offer that is similar to your niche.
This will help get more digital product sales down the road as well as help your business grow.
When you become a digital entrepreneur will eventually use the affiliate marketing model in some way shape or form.
One of the simplest ways to start making money right away is through utilizing affiliate links, simply applying for one of these programs, and recommending products you believe in.
By doing so, whenever a purchase is made via your link, the commission will flow back directly to you!
It’s an easy way to get started on generating revenue as a digital entrepreneur.
If you combine UGC marketing with a niche social media store, you can create many small business ventures around a product or service and promote it online.
The best part of it you don’t need a physical space for any store since you will be selling products as a third-party affiliate.
Affiliate marketing doesn’t happen overnight, you will have to create an audience around your product or brand.
Here are a few affiliate programs you can get started with:
Selling Digital Products
Digital entrepreneurs rely on generating additional revenue by selling digital products.
Digital inventory such as ebooks, guides, and courses are highly profitable because they can be sold numerous times and you only have to build them once.
A few examples:
- Saas Products
- Templates ( Squarespace, web flow, notion)
- online course
With digital inventory, you obviously don’t need a physical space to store them or a physical store either.
You can easily promote the products via social media posts or run re-targeting ads to customers who have visited your website.
A major benefit is that any internet users around the world can purchase your products.
As a new business venture in the digital marketing world, it’s wise to have a couple of these products built under your belt to generate revenue.
When making a digital good be sure to:
- Solve a problem.
- Provide valuable information.
This will help build authority in your space in the long run as well as promote word-of-mouth referrals which is a stable of a successful business.
As a digital entrepreneur, it’s possible to leverage your knowledge and experience into capital.
Web Guru is a prime example of this, they have generated an engaging content portfolio that has attracted thousands of eyes and close to one million subscribers.
Now, those same consumers can purchase private 1-on-1 advising services provided by their industry experts for substantial sums.
There is no reason you cannot do the same.
Once you’ve built authority in your space you can offer consulting services to other entrepreneurs who are searching for information to be put on the right path to success.
Investing is a key part of digital entrepreneurship and in the year 2023, you can do this anywhere just from a smartphone.
If you don’t know how to invest It is smart to take the time to learn this skill.
You can use platforms like coin base for crypto, Robinhood for stocks and ETFs, or pocket option for binary.
There are other analytic platforms you can use such as trading view & yahoo finance.
To learn how to invest in your spare time I would recommend these websites to study.
traditional entrepreneurship with the advances of E-commerce gets easier and easier these days with the use of FBA and other online systems.
Flipping products will never go out of style and is a great side revenue builder for digital entrepreneurship.
Websites such as eBay, Amazon, Amazon FBA , Etsy, and Poshmark have allowed users to post products that they own and sell them virtually.
Staying consistent with flipping will give your business venture a safety net of revenue you can use to grow your other online business with or invest.
Amazon FBA is a convenient service for sellers who want to outsource their logistical needs.
Its simple to get started with amazon fba all you need is the:
- Amazon sellers account
- Iphone or camera
- Label printer
By storing products in Amazon’s warehouses and entrusting every aspect of fulfillment to them, from shipping to customer support and returns, entrepreneurs can focus solely on getting their product where it needs to be: in the hands of customers.
You can use software such as jungle scout to see exactly what is hot and selling.
With amazon FBA you can even private label your own products.
This gives online businesses a new avenue to reach more customers.
Best Business Online To Start First.
To start the journey of being your own boss and finally own an online business I would suggest starting with a niche social media store.
These types of new businesses can be put together at speed and is a great side project for remote workers.
To get started:
- Pick a niche
- Take a look at google trends for your niche selection
- Choose a catchy name – the fewer syllables the better.
- Claim that name on social media accounts(Instagram, Facebook, Twitter, tik tok, Reddit) and purchase a domain name.
- Start posting 2-5 times a day as well as stories.
- Build a website using a page builder
- Use a service like jasper.ai and surfer SEO to write content around the niche at speed using keywords.
- Collect emails of visitors.
- Apply to affiliate programs and include related products in the article post.
- Use a tool like Getlasso to showcase your products beautifully.
- Order private label products around your niche and build UGC content around it.
- Sell products on your website and use giveaways to generate hype.
- For customers who view your webpage, use retargeting ads to get them back to purchase.
- Use Video Testimonial software to generate reviews and customer satisfaction stories for your store.
Rinse and repeat.
As a new business, it’s essential to build an audience as well as keep, engage and inform them constantly through their buying journey.
Next, we would suggest flipping products and other side hustles to generate enough cash flow for your financial plan for upcoming projects while having a personal revenue stream for everyday living expenses.
Digital entrepreneurship financial literacy can create challenges for people who want to be their own boss.
It is smart to separate work from play, and only put your funds into assets that help you create more assets.
Once you understand that then we are on the same page.
If you want to be a successful entrepreneur, digital entrepreneurship is a must. With platforms and online tools such as e-commerce sites, blogs, and YouTube channels, there are endless opportunities for aspiring entrepreneurs.
So what are you waiting for?
Get started today with the right solutions!
My name is Soren Agassi Yuhaschek and I’ve built AgassiGroup | Modern Digital Solutions to help teach online entrepreneurs how to start, scale, and grow their business, brand, or side hustle.
You can check out all of my work here at Soren Ventures.