online-entrepreneurship

Vocabulary Word

Definition

'Online-entrepreneurship' refers to starting and running a business on the internet. It means adapting business operations to fit into an online format, like selling products on a website instead of a physical store.

Examples in Different Contexts

For digital products, 'online entrepreneurship' refers to creating and selling goods or services online, such as software, ebooks, or courses. A digital product creator might explain, 'Through online entrepreneurship, I've been able to monetize my expertise by offering online courses and webinars to a niche audience.'

Practice Scenarios

Marketing

Scenario:

The ability to achieve brand visibility online is crucial. However, maximizing return on digital advertising investments is equally important.

Response:

Our online-entrepreneurship venture focuses on leveraging data analytics to maximize digital ad returns for small and medium businesses.

Tech

Scenario:

Given the rapid evolution of technology, we need innovative digital services that respond to changing consumer needs.

Response:

To meet consumer needs, we're exploring online-entrepreneurship options to develop a new app that improves online privacy.