The Longman Dictionary of Contemporary English defines ‘’net-pre-neur’’ as someone who has started an Internet business. Hence coining the word ‘’Netpreneurship’’ with reference to entrepreneurship which is defined as (in Wikipedia) a process of identifying and starting a business venture, sourcing and organizing the required resources and taking both the risks and rewards associated with the venture.
Hence it is obvious now that we will discuss a process of identifying and starting a business on Internet (Internet Business) taking into consideration its risks and rewards.
Everyone knows by now Internet represents one of the biggest cultural shift; but it has been slow to recognize that it is the biggest shift in how we do business. Social media (networking sites like Facebook, YouTube, Flickr, Twitter etc.) give entrepreneurs and businesses a chance to engage their customers and communicate their message. You can’t help but be dazzled by the growth of digital industries these days, whether it’s the stunning success of Amazon.com or eBay.com or the innovations of a company like Priceline.com.It’s very simple – where the eyeballs are going, there is where business has to go.
Why Internet? The Internet in only fourteen years old; yet it had already made (or even crushed) many of the biggest communication platforms known to humankind. Each ‘’like’’ by you on Facebook makes Mark Zuckerberg earn in dollars making him one of the richest person in the world. The Internet is as powerful as oxygen; but still we haven’t (maybe) seen its full capabilities.
So? Either wait and watch the bus passing by OR fasten your seat belt and experience the revolution yourself.