The Digital Economy is here here to stay, wake up to its possibilities, and embrace the new wave of change
The digital economy has arrived and the way businesses and consumers interact will never be the same. It all started with the Internet, which officially started off slowly around 1993. Fast forward to 2018, and the new online economy has arrived as the defining force that shapes the way business is done today and in the future.
The digital lifestyle & entrepreneurship are an attractive way of life. There is a seductive image of a casually-dressed and ambitious business owner working from exotic locations with laptop in hand. This type of freedom is a thrilling reality for many professionals. Business opportunities appear to be everywhere and available to anyone willing to move forward and embrace the new economy.
Any conversation about a digital lifestyle & entrepreneurship is incomplete without a discussion of Amazon, a name that has become synonymous with the new plugged-in society. This company started off selling books online between 1994 and 1998 and expanded from there. Over the past ten years, society has embraced the digital economy. Amazon's reputation for fast delivery and excellent customer service is one of the reasons it led the way as one of corporate leaders recognized for moving consumers into the digital marketing age.
The internet has re-defined the way of doing business
That is good news for customers and businesses alike for many practical reasons. Technology has leveled the playing field for many ambitious entrepreneurs interested in fulfilling their dream of a digital lifestyle & entrepreneurship. While having working capital available is always crucial for success, small businesses can now get started with much less cash due to the changing business climate where technology makes it possible for a small business to run an ad on Facebook reaching thousands of prospective customers in a day for about $30, according to Digital Bloggers.
There are many notable differences between the traditional economy and the digital economy. Exciting technological developments, beginning with the wide use of the Internet, has transformed business opportunities of yesteryear that centered around logistical considerations and economies of scale. In sharp contrast, today's business development and management emphasis revolves around digital marketing expertise. The new economy leverages social media relationships, search engine optimization practices and international opportunities largely unfettered by the logistical and capital limitations that controlled businesses in the past.
The digital lifestyle & entrepreneurship way of life is no longer out of reach for the majority of read more