Digital entrepreneurship refers to the pursuit of business ventures that are built exclusively on a digital platform. Digital entrepreneurs rely on web-based tools and information to build and grow online businesses, generally digital services. Compared to traditional entrepreneurs, digital entrepreneurs offer different products and services and use different tools to reach their customers. Digital entrepreneurs are distinctly modern, as they take advantage of mass digitization to build new businesses in the online space. Some examples of digital businesses include e-commerce businesses, blogs, YouTube channels, social media influencing, online courses, online content creation, digital technologies, and digital services and consulting.
Digital entrepreneurs differ from traditional entrepreneurs mainly in the way they display goods and services and the level of financial risk involved. Traditional entrepreneurship usually requires physical space in which to operate, while digital businesses dont require a physical location. Digital entrepreneurs rely on digital technologies to establish and run their businesses. They set up online storefronts to sell their goods, use social media platforms such as Facebook to advertise, and monitor customer trends using tools such as Google Analytics.
To succeed in digital entrepreneurship, one needs to have a digital business strategy and understand how to navigate the internet and use its power to their full advantage. Some tips for digital entrepreneurs include conducting thorough research into the digital space, being creative, and having a unique approach when starting[[1]](https://www.firstrepublic.com/insights-education/what-is-a-digital-entrepreneur...
