The Business Opportunities Of Internet

In the massive expansion of World Wide Web, internet become the most important part for both small and big business and also become the place for lots of opportunities. The internet is so big and crowded that, it is now the place for advertising and inventing new methods of merchandising and this also created a new generation of internet entrepreneurs. The internet entrepreneur is the word commonly referred to as a person who looks at the vast power of the internet & information to create or start new ideas for business. These ideas can be physical services or innovative modern services such as AI. To be a successful internet entrepreneur, you have to have the sense of blending new technology with good business senses.

An entrepreneur always finds the new opportunities. If we consider the business model of Uber, we will see that they don't own a single taxi but they are the biggest car services in the worlds. This is where an entrepreneur is unique from other business people. He has the ability and zeal to start up, organize and manage new and unique business venture along with all the associated risks to make a profit. Yes, profit is important because any failed business idea won't be considered as successful. It's never easy to be an entrepreneur. Steve Jobs defined the term entrepreneur properly and said, time will be tough but that's where the ability of an internet entrepreneur comes handy because he has the perseverance and he won't give us, “I'm convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance". - Steve Jobs, co-founder and CEO of Apple.

Furthermore, as Jeralyn Pasinabo Peagler notes, there are two fundamental characteristics of an internet entrepreneur, they are innovation and risk-taking. These are important because without having the ability to take the risk and innovate, it will be hard for an internet entrepreneur to navigate the ever-changing and increasingly competitive atmosphere of global marketplace successfully. Jeralyn has not chased people away from entrepreneurship but just opened the book in front of the reader to make things crystal clear. It's always important to have a clear idea about the unique challenges entrepreneur faces. An entrepreneur is always an asset for its country because they create job opportunities and solve the unemployment problem. The internet is so big that you can do anything you can online and no one is blocking or discouraging you to sell second-hand products or becoming the next big company like Google or Facebook. The possibility is endless as well as the income generation opportunities. You just need to find your zone of comfort and expertise. Identify your niche and create a business plan and start working!Jeralyn insisted to start something of which you are passionate about. Otherwise it will be hard to keep working when you will face the difficult time. When you are working as an employee, you are working for someone else’s dream and when you are an entrepreneur, you need to work hard for your own dream. So it will be easier for you if you work for something you love. The best part of an internet entrepreneur is the market where he is working never sleeps. The internet is open for 24/7, 365 days per year and there is always someone who is there for you as a client. So you have the liberty to choose your working hours. But it's true that working our actually depends on clients. If your clients need your service when it's deep night, you have to provide it. You have to be available when your client needs you.

An internet entrepreneur has a different kind of opportunities such as the cost-effectiveness. Because a traditional business needs office and employees whereas an internet venture can work from the virtual office with lost of automation tools to work with minimum staffs. You also don't need to visit your client physically or provide paper invoices. A simple mail will work instead of a letter. Some offices even work with remote employees. All these save a lot of time and money which is very important for an internet entrepreneur. Jeralyn also presented at the book that the traditional business model is failing. People demand convenient and want the best deal. At tradition supermarket concept, you can't do it easily because you have to visit shop after shop. But at the Internet it's easy, you just need to enter a new website address. You can easily find what you want and compare the price to find the best one at the best price. It's a major change towards the shopping habit of the customers and that's why Jeralyn believes that most of the traditional shops will be closed in the USA and online shopping giants like Amazon or Alibaba will flourish more.

Persevere: It is always easy to get discouraged when things go south. You should not throw everything and keep the perseverance and keep on working towards your goal. Steve Jobs emphasized the importance of it. Without perseverance, an internet entrepreneur is empty.

Business model: Before jumping for a new business, you need to have a business model. Jeralyn also emphasized a lot on business model because it's the first thing you need before jumping for something. It's like the route plan, your set goal which will guide you and your business. Conceptualizing your business model will help you to define your mission statement. It is important to be flexible and allows your business model to evolve with the situation. Because the internet is an ever-changing place and your business needs to cope up with it. Change it according to the trends, don't try to change the trend based on your business model. If your customer demands a change, your business model should evolve based on the needs.

The internet is changing rapidly and new business opportunities are emerging. A few decades ago the shopping mall model was very successful but now it's almost on the verge of extinction. Who though Netflix will be this much popular?