How You’ve Already Gotten Lured By Digital Entrepreneurship

How You’ve Already Gotten Lured By Digital Entrepreneurship

Free image courtesy of FreeDigitalPhotos.net

UPDATE: THE WINNER IS RAZAN SALIH!

 

The epitome of it all: Waking up to $1000’s of dollars of cash in your account. You made it in your sleep, of course, all through the awesome, high quality, products you sell online. Your workplace is anywhere you are and, right now, you’re in Madrid, Spain. “Why Hello, new day,” you say, “What’cha got for me!?”

 

The reality is: IT’S POSSIBLE. You think I’m crazy? I swear it is! It’s been done multiple times by multiple people. Who do you think the founders of Google, Facebook, and Instagram are? They’re digital entrepreneurs. You’ve already been lured into the world of digital entrepreneurship.

 

The catch? It’s a lot to learn, takes time to grow, and you need to fail a little before you succeed (usually). But, I mean, that’s the same with learning how to walk and you did that quite well, didn’t ya?

 

Business has evolved from the ol’ Ma and Pop shops. Internet and business have collided. I know what you might be thinking, “but only scammers do business online.” But, let’s think about it. There are scammers in traditional business too, aren’t there? Just like there are good and bad people in the traditional business world, there are good and bad people in the world of the internet.

 

So, business on the internet? Seems cool. But there are a few basic things you need to start a business:

  1. A solution to a problem. (ex. A solution to getting organized)
  2. A medium that contains that solution. (ex. An e-book)
  3. A place where customers can find your solution. (ex. your website)
  4. A way for people to pay you for that solution. (ex. Paypal)

The way you package those four points to your potential customers will determine your success. It’s as simple as that.

 

Now, how to do you tie your dream or passion into your business? You find a problem that needs solving in the area of your passion. Here’s an example:

 

In The $100 Startup by Chris Guillebeau, a man named Gary Leff is mentioned. He’s really good at figuring out how to take advantage of using his frequent flier miles to get trips for him and his family, a true travel hacker. Getting flier miles and using them are two completely different things, mind you. When his friends found out about his skill, they asked for his help. Being a good sport, he helped them out. Word spread. Now, Gary has a consulting business where he helps plan your trip with your own frequent flier miles. Guess how much he makes? He brought in $75,000 last year and is on track to top six figures annually. And it’s just his part-time gig, which he does for fun. He’s also a CFO for two university research centers. That’s multi-passionate.

 

(The GIVEAWAY of the book, The $100 Startup by Chris Guillebeau, is still going on until 11:59pm tonight, so SUBSCRIBE before it’s too late! The winner will be announced as soon as the deadline arrives!) THE WINNER IS RAZAN SALIH!

 

Have you ever had an idea to improve or alleviate a problem? Maybe even had the idea for a solution to something, but you later saw a company “copy” your idea? (When I was little, I thought erasable highlighters would be a great innovation, but a few months later I saw them in stores, ever have that experience? I felt like I got jipped.)

 

Let me know in the comments below!

 

 

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  • Sandra

    I’m not a business woman, let alone a business entrepreneur, but your blog is soo good! A lot of these ideas can be applied to life outside of the business world. Keep up the good work.

    • http://www.nadiachaudhry.com Nadia

      Thanks Sandra!

  • Saba

    My ideas to improve/alleviate problems have always revolved around opening and maintaining the lines of communication, usually through simple discussion. It’s definitely not a new idea, by any means, but, to me, I think of it as innovative, since communicating may be perceived as tedious/daunting in certain circumstances [ex. when criticism (constructive) needs to be given in order to improve the handling/completion of a task or better oneself/a group of people].

    Someone once stated, “Lack of communication will lead to the failure of a relationship.” That is true in both personal and professional relationships.

    • http://www.nadiachaudhry.com Nadia

      Yeah, definitely agree. Communication is important in every part of your life! Thanks for the comment, Saba!

  • ak

    Great advice! Very encouraging for anyone who wants to start an internet business! Definitely something that is a growing market today!!

    • http://www.nadiachaudhry.com Nadia

      Definitely! Thanks for the comment! <3

  • Fatima

    The idea of starting a new business on your own itself seems intimidating. Many people give up before even trying. The points you made not only makes the whole process seem easier but also can encourage anyone, including myself, to start a business of their own interest. Looking forward to reading more from you. Good luck!

    • http://www.nadiachaudhry.com Nadia

      The basic concepts are easy, but it’s very easy to get overwhelmed by the details. If you can prevent an overload of information, then you’re on the right track. Thanks Fatima!

  • Rahman

    Great post! Starting a business is intimating and something I hope to do. I just have to put the work in, thanks for the helpful advice.

    • http://www.nadiachaudhry.com Nadia

      No problem, thanks for the comment!

  • http://YourMom Ibby

    Love the energy and the way this was written. Can’t wait to read more!!

    • http://www.nadiachaudhry.com Nadia

      Thanks! Can’t wait to write more! ;)

  • http://www.laundryandlovenotes.com Alicia Z

    I LOVE the way you simplify how to start a business, and how to tie your passion into your business.

    The key is to solve a problem. And to solve a problem in an area you are passionate about. It’s a simple concept, but one that is just clicking for me right now.

    Thanks!

    • http://www.nadiachaudhry.com Nadia

      Thank you, Alicia! <3