Supporting and Promotion EntreComp through Innovative Advanced Learning
What is digital entrepreneurship? Definition
In simple terms, digital entrepreneurship is the creation of a business selling products or services over the Internet, without the need for a physical space to serve customers.
Advantages and opportunities
During the COVID-19 pandemic, you have surely seen how many companies around you have chosen to have a presence on the Internet, and how many others have disappeared because they have not made the transition to digital. We already know that the digital environment is the future for a large part of companies. And you, do you know what the advantages of digital entrepreneurship are?
Steps to take for start a digital enterprise
How to be on the Internet Logo
To be on the Internet, the first thing you will need is a logo that identifies your company and differentiates it from the rest. The characteristics it should have are:
Although it is not easy to create a good logo, you can also help yourself with tools such as the following ones, which will allow you to get inspired and focus on how you want your logo to look like:
Website
A website is essential for customers to find you on the Internet. It will include your logo and all the elements that represent your brand, as well as the products and/or services you offer and relevant information for your (potential) customers. A website is made up of several web pages.
Therefore, the first thing you will need to do is to register the domain, which will usually end in .com, although there are other categories such as .edu or .org. An example of a domain is projectspecial.eu. The place where your website will be located is the server; let's say that this is where your website will live. This type of service is called "hosting", and it can be shared (your website will be hosted with other websites), dedicated (a server just for you) or in the cloud (the server is not in a physical location). To create the website, there are two ways: hire the professional services of a programming company, or create it with a tool on the Internet. This type of tool will allow you to manage the contents, such as WordPress (https://wordpress.com) o Joomla (https://www.joomla.org).
One last tip! It is best to start your website with https, as it indicates that your website has a secure Internet protocol, and protects the integrity and confidentiality of all visitors to your website. To do this, your web server must have an SSL certificate installed. For example, you can see that Special's website is: https://projectspecial.eu. Social media
It is not mandatory for your company to have social media, but it is quite important if you have a digital business. A company profile on social networks will allow you to create an online community, connect with your customers in a closer way, as well as advertise your products and/or services.
Digital Marketing What is digital marketing?
Marketing encompasses a set of techniques and strategies that aim to improve the commercialisation of a product or service and satisfy the needs of a target market. When we talk about digital marketing, we refer to the application of all those marketing techniques and strategies carried out in digital media, characterised by the irruption of social networks, immediacy, and new tools. Digital marketing has evolved along with the Internet:
Digital marketing techniques
Summing up Summing up
Before starting: SWOT Analysis Introduction: What’s this all about?
When you start an entrepreneurship, it is very important to know the state of your environment, the opportunities available and the threats that constitute potential dangers, as well as your own characteristics, weaknesses and strengths. There are different analyses that are carried out in the field of entrepreneurship: PESTEL analysis (Political, Economic, Social, Technological, Environmental, Legal), SWOT analysis (Strengths, Weaknesses, Opportunities, Threats), Porter's 5 Forces competitive analysis, Canvas model... On this occasion, we will focus on the SWOT analysis, one of the most complete and best known for its simplicity and usefulness. Task: What’s the activity?
On this occasion, you will have to elaborate a SWOT (Strengths, Weaknesses, Opportunities, Threats and Opportunities) analysis applied to a business idea. You should take into consideration that the analysis is divided into an internal part (Strengths and Weaknesses) and an external part (Opportunities and Threats), so you will only have control over the internal variables. Process: How should I complete the task?
For this task, you can use the template provided in the resources section, or do it in your own document/on paper. We advise you to use the 2x2 matrix form of the SWOT analysis so that you can see the results clearly on one sheet of paper. Start thinking about your characteristics and those of your environment, and take note of all of them. Now, start classifying them into weaknesses, threats, strengths and opportunities. Examples of your strengths could be: high level of knowledge of the business field; good production capacity; experience with promotion and distribution channels; financial background for the initial investment... On weaknesses, some examples are: low initial budget; few tools available; little experience with digital media.... For opportunities: growing market; accessible suppliers; raw materials at low prices; low competition in the sector; possibility to create a large online community for product visibility... And for the threats: high competition in the sector; barriers to entry; potential customers with a low IT-savvy profile; complicated legislation... Now it's your turn! Learning outcomes: What will I learn?
Conclusions: What will I take home?
Did you find it difficult to perform a SWOT analysis? Sometimes you need to clear your mind and open your eyes to be aware of how your internal and external variables influence your actions and the viability of your ideas. Now that you know how to conduct a SWOT analysis, remember that environments are dynamic and changing, so you can conduct an analysis periodically to remain aware of your environment. You can also explore other types of analysis such as those mentioned in the introduction: PESTEL analysis, Porter's 5 Forces competitive analysis, and much more. Resources: What do I need?
Designing a digital marketing plan Introduction: What’s this all about?
A marketing plan is a management tool that allows a company to develop a marketing strategy, while identifying market and environment opportunities, and defining objectives and goals, as well as the target audience. When we talk about a digital marketing plan, this document should include those strategies and techniques applied to the digital environment, which will improve the marketing of our company's products and/or services. Task: What’s the activity?
You will have to develop a document with a feasible digital marketing plan for your business, assuming that you are an entrepreneur who is going to improve the marketing of your products or services through digital marketing. You can use the template provided in the resources section as a guide. Process: How should I complete the task?
You will have to define the following sections:
Learning outcomes: What will I learn?
Conclusions: What will I take home?
Creating a marketing plan is no easy task, so if you've made it this far: congratulations! Good planning and management is crucial to the success of a digital entrepreneurship. By creating a digital marketing plan, you will have a document that will allow you to have a roadmap with the steps to follow to improve the marketing of your products or services in the selected digital channels. Remember to explore the resources section to learn more! Resources: What do I need?
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entrepreneurship, digital, e-commerce, marketing, website
Objectives/goals
Hotmart (2022). Digital Entrepreneurship: all you need to know to start an online business in 2022. Hotmart. https://hotmart.com/en/blog/digital-entrepreneurship
Sánchez, J. (2020). 5 ejemplos de posibles negocios digitales en tiempos de Covid-19. Pymes y Autónomos. https://www.pymesyautonomos.com/marketing-y-comercial/5-ejemplos-posibles-negocios-digitales-tiempos-covid-19
MBA Madrid (2019). En qué consiste el emprendimiento digital. Cámara de Comercio de Madrid. https://www.mba-madrid.com/empresas/emprendimiento-digital/
Mundo Bloggr. Ventajas y desventajas del emprendimiento digital. Mundo Bloggr. https://mundobloggr.com/emprendimiento-digital/ventajas-y-desventajas-del-emprendimiento-digital/
Calabuig, J. (2020). Los 10 primeros pasos para emprender un negocio digital con éxito. Quiero Tener Un Blog. https://quierotenerunblog.com/cuales-son-los-primeros-pasos-para-emprender-un-negocio-digital/
Ortiz, A. (2022). ¿Qué es el marketing digital o marketing online? Estrategias y herramientas. InboundCycle. https://www.inboundcycle.com/blog-de-inbound-marketing/que-es-el-marketing-digital-o-marketing-online
Llasera, J. P. (2020). 7 características para diseñar un buen logo hoy en día. Imborrable. https://imborrable.com/blog/7-caracteristicas-para-disenar-un-buen-logo-hoy/
De Souza, I. (2021). Cómo crear un sitio web: echa un vistazo al paso a paso para hacer el tuyo desde cero. Rock Content. https://rockcontent.com/es/blog/como-crear-un-sitio-web/