Digital Business Models and Strategies

The video introduces digital entrepreneurship, explaining it as businesses that operate entirely online. It provides examples like e-commerce, startups, and digital banks. The speaker discusses the benefits of digital business models, such as scalability through infoproducts and the ease of transitioning from physical to digital stores. The video concludes with a call to action for viewer engagement.

What is the primary focus of digital entrepreneurship?

• Agricultural enterprises

• Manufacturing industries

• Internet-based businesses

• Traditional retail stores

Which of the following is an example of a digital business model?

• Brick-and-mortar retail

• E-commerce platforms

• Street food vendors

• Local farmer's market

What is the business model of the game Fortnite based on?

• Physical sales

• Retail partnerships

• Online transactions

• Local tournaments

What is a key challenge for business consultants in scaling their services?

• Limited working hours

• Lack of clients

• High operational costs

• Insufficient marketing

What solution is suggested for consultants to scale their business?

• Expanding office space

• Reducing service prices

• Creating online courses

• Hiring more staff

What is an example of a 100% digital product mentioned in the video?

• Handmade crafts

• Online courses

• Fresh produce

• Home-cooked meals

What is a common first step for traditional businesses transitioning to digital?

• Launching an e-commerce site

• Increasing local advertising

• Opening more physical stores

• Hiring more in-store staff

What is one advantage of starting a business directly as an e-commerce?

• More complex logistics

• Higher initial costs

• Limited customer reach

• Faster market entry

How does a digital business model benefit customer reach?

• Focuses on in-store promotions

• Limits to regional markets

• Reaches a global audience

• Targets only local customers

What is a significant advantage of running a 100% digital business?

• Higher rent costs

• Limited working hours

• Global market access

• Increased physical inventory