What Is Online Entrepreneurship?
What is online entrepreneurship? Online Entrepreneurship is the process of designing, launching, marketing and running a new business on the internet. For more information check out this online entrepreneurship training.
An Intelligent Office study reported that 65% of employees would rather be entrepreneurs than work for someone else. I know I was one of them! In fact, I recently took a local part-time job in an effort to trade some time for money (it was a miserable decision).
In fact, Entrepreneurship is now a popular college major, with a focus on studying new venture creation.
All the time I have been on this journey of online entrepreneurship for quite some time but found it hard to stay consistent. As a result, I did something that I didn’t love instead of persevering in what I did love to do. The truth is when we don’t see results right away we allow our determination to dwindle instead of remaining steadfast.
In online entrepreneurship you have to persevere in order to experience true success. So in an effort to bring meaning to the term “online entrepreneurship”, I have described it’s definition below.
What Exactly Is Online Entrepreneurship?
Online Entrepreneurship is the process of designing, launching, marketing and running a new business on the internet. It is the activity of setting up a legitimate online business or businesses and taking on the financial risks in the expectation of profit.
These kind of businesses are initially a small business within a niche market and the people who create these kinds of businesses are called online entrepreneurs.
Online Entrepreneurship is both the study of how new online businesses and techniques that are created as well as the actual process of starting a new online business or technique– the term is used interchangeably.
What Is An Online Entrepreneur?
An Online Entrepreneur is someone who has an idea and who works to create a product or service; or use other people products or services that people will buy, by building an organization for legal purposes to support those sales.
An online entrepreneur can take any idea, whether it be a product and/or service, and have the skill set, will, and courage to take extreme risk to do whatever it takes to turn that concept into reality and not only bring it to market but make it a viable product and/or service that people want or need, using the internet as the moving vehicle.
What Drives Online Entrepreneurship?
Online Entrepreneurship is a complicated term that’s often defined simply as running your own business online (the internet). But there’s a difference between an “online business owner” and an “online entrepreneur,” and although one can be both, what distinguishes online entrepreneurship is a person’s attitude
Online Entrepreneurship is much broader than the creation of a new business venture online. At its core, it is a mindset – a way of thinking and acting. It is about imagining new ways to solve problems and create value and using the internet as your platform.
An online entrepreneur possesses an interior fuel and stamina that drives their actions. Passion is the real drive. This superior energy helps to overtake and surpass the different challenges, and it injects strength to continue pursuing goals different
challenges, and it injects strength to continue pursuing goals when
With an estimated 50% of new businesses failing in the first five years, online entrepreneurs will also need
to be committed, persistent, and flexible to the evolving online marketplace.
Tips For Aspiring Online Entrepreneurs
- Learn From Others People Failures
Rather than flattering the small percentage of online businesses that grow to become successful, study those that end up failing.
This research would greatly increase your chances of success, because most companies have made common mistakes that have led to their downfall. Having the humility to learn from the mistakes of others before making them yourself is the secret to success.
- You Have To Have The Nerve For It
If you’re not patient enough you should not be an online entrepreneur. It takes time to make it in the internet business. Only one out of five or worse, one out of ten will succeed.
If you aren’t willing to invest time into learning new skills, you most likely don’t have the drive to make it. If you can’t wait patiently for your very own success story until it happens – and be ready, you’ll be disappointed many times on the way to success. So free yourself while you can.
- Make Sure This Is What You Want
Online Entrepreneurship requires so much hard work, it is vital to ensure you’re
following the right path.
If this is something you really want, then think long term, and be persistent. The huge majority of great online entrepreneurs failed multiple times before they finally found the online business idea that took off and brought them success.
- Don’t Forget To Be Passionate
Successful online entrepreneurs are driven above all by a need for achievement and the desire to make a meaningful difference. The most important traits are passion and persistence, but these must not be confused with arrogance and stubbornness.
- Be Prepared To Do Lots Of Research
And I mean lots of it. Not “Google it” type of research that gives you predictable results. I mean careful, profound research that will show you niches you never thought about in the first place. You can build your online reputation around these crazy, unbelievable, bizarre, different, odd, funny and popular… topics. Your audience will love it.
- Be Sure To Really Know Your Niche
Do you know what’s hot on the market? If you do, do you know how to twist it originally to stand out from the crowd? Remember, internet users are spoiled they seek authenticity and punish the lack of it
- Learn How To Reach Out To Your Audience
It’s not how you think you should reach out; its how your audience expects you to get in touch. Once you find out what your audience is after, you should come up with content on a regular
Don’t get me wrong. I don’t want to discourage you. I just want to put things into perspective. There is light at the end of the tunnel. You just have to find it for yourself.
- Solving Problems Should Be The Priority Online
Entrepreneurs should always be in search of problems to solve and not the other way around. In other words, they should not start with a solution looking for a problem.
- Get Advice From Those Who Have Done It Already
Online business owners and/or entrepreneurs need to find mentors who are successful, in addition to reading books, networking with people they admire and looking into great education programs to help them throughout the process.
Why Online Entrepreneurship Training?
Are you a natural born entrepreneur? If you aren’t, then you can you become one. Online entrepreneurship training is your first step to realizing your potential as an online business owner.
Online entrepreneurship training will be your first steps towards building your own online business. It’s going to help you understand how this whole process works. It will be the base on which you build your business to start earning an income.
Here is A Look at How You Will Create An Online Business
Success online is at the core a 4 step process nothing more complex than this and this is exactly what you are going to be learning with online entrepreneur training. Here is a quick diagram breaking down the process.
Broken, down, the process looks like this:
Step 1: Choose an Interest.
This can be anything at all, any interest, passion, expertise, knowledge or even something you have no personal experience with.
Step 2: Build a Website.
Your website is your foundation and Wealthy Affiliate University has the most sophisticated and feature rich website and hosting platform in SiteRubix.
Step 3: Attract Visitors.
You are going to be learning all about how to get traffic and visitors to your website. The first focus is FREE traffic and there is A LOT of it out there.
Step 4: Earn Revenue.
Once you have people on your site and traffic, you can earn revenue. There are over 50 ways you can monetize traffic online!
As you go through the training, this is going to be covered in detail. As mentioned, absolutely EVERYTHING you need is at Wealthy Affiliate University to facilitate this process!
How To Get Started With Online Entrepreneurship?
If you’re ready to enter the world of online entrepreneurship, I recommend joining Wealthy Affiliate if you want to learn everything about online entrepreneurship.
This company has a excellent training program that help people get over their fear of failure and rejection, which are the main reasons people are unsuccessful in online entrepreneurship.
In the long run, education is more valuable than money.
Robert Kiyosaki author of Rich Dad Poor Dad recommends taking a long view approach to your life. He says “instead of simply working for money and security, take a second job or start a side business to learn a second skill.”
Many don’t want to do this because they aren’t ready for change. I you are unwilling to work to learn something new and instead insist on becoming highly specialized within your field, make sure the company you work for is unionized. Other than that, your specialized skills may be useless outside your field.
Understanding Your Membership Training
If you join for FREE, you will have a Starter membership. This is the starting point of your success online. You get a good deal of access with the Starter level membership, but you need to know that there is MUCH MORE to be found at Wealthy Affiliate.
There are huge benefits to going premium when you are ready. Your last task for today is to take a second to learn about the Premium membership and how it differs from the Starter program.
You are in good hands here at Wealthy Affiliate University regardless of whether you are Starter or Premium.
Please Make Me a Promise OK?
I want you to make me a promise today. I want you to give Wealthy Affiliate a chance first and foremost. I know that you may have had bad experiences online in the past and I want you to allow Wealthy Affiliate to prove them to you.
I care about YOU and the community at Wealthy Affiliate care about YOUR personal success more than you think.
If you think Online Entrepreneurship rocks, have any questions or personal opinions about online entrepreneurship… Leave them in the comments section below.
I invite you to follow me on Jamie Clay aka Ladi Soul on Facebook. I also invite you to follow me on the page The Online Entrepreneur on Facebook. For more by Jamie Clay, click Here. Follow Jamie Clay on Twitter: @iamjamieclay