Digital Entrepreneurship

What is digital entrepreneurship?

• Digital entrepreneurship is the process of starting a traditional brick-and-mortar business.

• Digital entrepreneurship is limited to creating websites for existing businesses.

• Digital entrepreneurship is creating, managing, and scaling digital businesses that leverage technology to innovate and disrupt traditional industries.

• Digital entrepreneurship involves only using social media for marketing purposes.

Name one advantage of starting a digital business.

• Global reach

• Limited customer base

• Local monopoly

• High operating costs

What skills are important for a digital entrepreneur?

• Graphic design skills

• Digital marketing expertise, Tech-savviness, Data analysis skills, Creativity and innovation, Strong communication and networking abilities

• Public speaking abilities

• Accounting knowledge

Explain the concept of e-commerce in digital entrepreneurship.

• Digital entrepreneurship does not involve online transactions

• E-commerce is a form of traditional retail business

• E-commerce is limited to physical stores only

• E-commerce in digital entrepreneurship involves online buying and selling using electronic transactions and digital platforms.

How can social media be used for digital marketing in entrepreneurship?

• Post random content, ignore customer comments, avoid ads, work alone, ignore data analysis

• Create engaging content, interact with customers, run targeted ads, collaborate with influencers, analyze data

What is the role of innovation in digital entrepreneurship?

• Innovation is only important in traditional business, not digital entrepreneurship

• Innovation is essential for digital entrepreneurship as it fosters creativity, adaptation, and competitive advantage.

• Innovation leads to stagnation in digital entrepreneurship

• Innovation is irrelevant in digital entrepreneurship

Discuss the importance of networking for digital entrepreneurs.

• Digital entrepreneurs should work in isolation

• Networking is irrelevant for digital entrepreneurs

• Building connections is a waste of time for digital entrepreneurs

• Networking is important for digital entrepreneurs to build connections, gain insights, access resources, and open up new opportunities.

How can a digital entrepreneur overcome challenges in the online market?

• By ignoring customer feedback

• By conducting market research, identifying target audience needs, creating a strong online presence, providing excellent customer service, adapting to market changes, and innovating products/services.

• By using outdated technology

• By limiting online presence