What Does It Mean to Be an Entrepreneur: Business Ideas for the Internet Age
It’s one of the most used labels in the modern business era and, because of that, it threatens to lose its true meaning. Of course, we’re talking about the term “entrepreneur” and what it means to be an entrepreneur businessman as opposed to a regular, old-fashioned operator owner.
At its core, the two terms are similar, but they are not interchangeable and, often, business owners call themselves entrepreneurs when they really mean that they are owner-operators.
The main difference is the dynamic of movement or, in other words, entrepreneurs use their varied experiences and expertise across a wide range of industries rather than focusing on one niche.
Entrepreneurs live for the game and, above all, yearn for dominance and mastery in multiple fields. It isn’t enough to simply be successful in one business but rather they must master all fields available.
Popular examples of entrepreneurs include Elon Musk, Steve Jobs, and Jeff Bezos while excellent examples of hardcore businessmen include Bill Gates, Warren Buffett, and Cornelius Vanderbilt.
The former tend to alight from industry to industry, meeting with successes of varying degrees along the way, while the latter are known for their mastery and dominance of one field.
As the above list demonstrates, one is not superior to the other, just different in type. In this piece, we’re going to discuss what it means to be an entrepreneur/businessman and how to distinguish between entrepreneurial business ideas versus regular money-making concepts.
After that, we will discuss how to start an entrepreneurial business as well as what you can do online right now to get started.
What Makes an Entrepreneur/Businessman?
Outlined somewhat briefly at the beginning of the article, the main difference between most businessmen and an entrepreneur is the dynamic of movement.
That means an entrepreneur moves from project to project, lending their expertise and insights into new but related fields.
While neither route is a superior road to take, the central difference of movement and dynamism is not one to take lightly nor is it for everybody.
Being an entrepreneur also means being comfortable with instability and change as well as the chance you could lose in either a big or a small way.
What ties both ideas together are the desire to improve something, whether it is a person’s lot in life or change the way an industry function.
The best thing about the modern economy is that the path towards being an entrepreneur, not just a business owner, is easier than ever before. The Internet has opened a bevy of monetization options for people across the world and this has had a greater impact than any other change in human history in leveling the playing field to owning your own business and embracing the entrepreneurial lifestyle.
How to Be a Modern Entrepreneur: Business Ideas Using the Internet
If you want to be an entrepreneur, the easiest place to start is the Internet itself.
Not only are there are a ton of marketplaces online, but they offer every kind of product and service you can imagine.
Best of all is the fact that you can add your products or promote the products of other people to make money. You can also use your skills and sell services through freelancing websites and even earn advertising dollars on your own website.
You can generate visitors with compelling blogs about your favorite subject, start a podcast about your hobby, or even make YouTube videos about your daily life.
The range of options available to you to become an entrepreneur online are almost as endless as they are open to all people. A lot of brick-and-mortar firms require that you either have the financial wherewithal to establish and maintain the business or you can get a loan to do so. Working on the Internet requires only a computer, a connection, and an idea. Because of this flexibility – as well as the speed with which new ventures can be launched – the Internet’s avenues to entrepreneurship most clearly demonstrate the strengths of being an entrepreneur versus a business owner.
Entrepreneur vs Business Owner: What It Means for Online Businesses
Most business owners, through no fault of their own but by sheer dint of momentum, are quite tied to the firm that provides them with a living.
Online entrepreneurs can draw from multiple income streams and generate new ones as they move along. Depending on your tolerance for instability and chance, an online entrepreneur’s life either presents a vision of heaven or a challenge from that other place. Business owners have their own things to deal with as well but there is a certain stability to focusing on one industry or a handful and then digging in the trenches. Entrepreneurs online often must pivot – and quickly – to new markets in order to keep making money. It isn’t that traditional businesses don’t do the same thing, they do, but it is often much slower. As we have described above, it isn’t just a movement that distinguishes entrepreneurs from business owners but also the speed with which they can do so. And it all starts right in the beginning with starting an entrepreneurial business.
Starting an entrepreneur business is as easy as opening your web browser
In this part of the article, we’re going to go over some online entrepreneur business ideas to help you get started on your journey. There is a range of options here but there are all tied together by the fact that they are relatively accessible to all people and provide a lot of people with substantial incomes.
Website or Blog
One of the easiest ways to start out as an online entrepreneur is to start a website or blog that generates ad dollars and maybe even affiliate marketing money.
The relative ease of this might be dictated by your comfort with web design and writing but, even if you’re not the best at those things, you can find people to help you. The goal here is to find a niche, generate an audience, build a community, and promote yourself and your products (or those of other companies) to your assembled crew. That might sound simple in writing, but it often takes a lot of work. But, once that summit is reached, the revenue can be quite lucrative indeed.
Like creating a website or blog but perhaps more focused on social media platforms, a lot of entrepreneurs are trying their hands at influencer marketing or monetizing their online followings in order to promote products and services.
You see a lot of this on Instagram and Twitter, but it is also commonplace on Facebook and YouTube. This might require some specialized knowledge and a real savvy for media but there are many people who have built massive fortunes in this emerging industry.
YouTube videos span the gamut from lifestyle vlogs to how-to videos. If you have a skill that is in demand, you should consider teaching others how to do it. Similarly, if you are a charismatic individual, you might want to monetize your daily life to see how many views (and dollars) you can pull in at the end of the day. Flexibility is what makes YouTube so much fun for creators of all types, but it is also an amazing venue to get yourself introduced to even greater opportunities down the road.
Like YouTube but without the video, podcasts introduce you and your product or service to new audiences, or your podcast could be the product itself.
Again, most podcasts require nothing more than a recording mechanism and some means of uploading it. A bit harder than videos or even a website, podcasts are a perennially popular niche and might make sense to add to your product mix if the revenue is there.
eBooks and Online Classes
The ease of publishing online has opened that world to entrepreneurs of all stripes. Integrating many of these ideas into a coherent whole is the key to many successful entrepreneurial businesses online and eBooks and online classes often go together with things like a content-driven website, YouTube videos, and a compelling podcast.
Patreon and Creator Businesses
If you are an artist or creator, you should consider selling your products on Etsy or even getting donations through Patreon. You’d be amazed at how many people are willing to pay for talent and how much money you could make from your abilities. Beyond that, creators are often rewarded simply for doing what they love to do and that makes websites like these a win-win for all involved.
Similarly, you could freelance online and even find leads for your web marketing agency or otherwise. Depending on your skills, freelancing online could be a hugely lucrative opportunity for you. As outlined above, with a whole new class of online entrepreneurs rising, the demand for talented individuals and their services is not going to diminish anytime soon.