Digital business is a business activity that takes advantage of technological advances so far. Even though it has its own challenges, doing business this way also offers many advantages.
Therefore, for those of you who already have a startup or want to enter this world, it would be a good idea for you to first see what a digital business is and how to develop it.
So, read the following article to find digital business ideas for 2024 that could be an opportunity for your business to grow!
What is digital business?
With the era of technology and the development of the internet, digital business has become one of the most popular businesses today. Many entrepreneurs are starting to develop their businesses in the digital business space to reach a wider market. So what is digital business?
Digital business is a type of business that utilizes technological advances to create or sell products or services. Apart from that, digital business is an effort to improve customer experience (User Experience).
In essence, entrepreneurs entering the digital space usually choose digital businesses to generate revenue and get as many customers as possible.
Types of Digital Business
Actually there are several types of digital businesses today. The following are various types of digital businesses that are currently developing in Indonesia.
1. Marketplace
Marketplaces are digital businesses based on a peer-to-peer (P2P) system, which is called a two-sided approach. This digital business is becoming a trend because it can be used to collaborate with various parties with the aim of driving sales through the platform.
2. On-demand
The following digital works will be in demand: On-demand is a digital business that delivers products online or virtually, usually to users over a specific time period.
Examples of on-demand digital businesses include Apple TV+, Google Play Movies, and Amazon Video.
3. E-commerce
E-commerce is a digital business that is sometimes equated with a market. However, e-commerce differs from marketplaces in that it only allows a one-sided approach, and competition is not as fierce as in marketplaces.
The reason is, there are no third parties selling goods on this platform, and e-commerce owners usually only sell products owned by manufacturers. A representative example is Amazon.
4. Experience
This digital work is related to user experience. Digital business experience can be said to be something new for the industry. This experiment uses technology.
One of these digital business experiments is Tesla. This technology company applies a series of advanced technologies to provide the best experience to its customers.
5. Subscription
The next digital business is subscription. Subscription is a system where you subscribe to a product for a certain period of time.
Users usually pay a subscription fee to access the content provided. Examples of this in action include Netflix or Disney+.
Read more: 13 Differences between E-commerce and Marketplaces that You Need to Know!
6. Ecosystem
An ecosystem is a digital business that provides a variety of services available to consumers, while connecting them all to one device. Examples of digital ecosystem companies include Amazon, Google, and Apple.
7. Premium
Freemium is a compound word for free and premium. The company has a system that combines free and premium services. Customers can enjoy a range of features depending on the price paid.
Generally, free features are available, but users will be presented with several advertisements. Users who are annoyed by ads can upgrade to premium features by paying a subscription fee. An example of a freemium digital business is Spotify.
8. Open source
Open source is a digital work that can be used for free. Open source revenue usually comes from sponsorships or partnerships. Examples of companies that implement open source include Linux and Firefox.
9. Participation application form
The next digital activity is the sharing model. A shared model is a service provider offering products that can be used together. An example of this business is Airbnb, which usually requires bookings to be made through the application.
10. Types of free digital works
This type of digital business usually offers its products and services for free, and to make money, users usually have to upgrade to a premium plan first. An example of such a digital business is Google.
digital business ideas
After knowing the various types of digital businesses, what do you think? Are you interested in making one of these? Here are seven digital business ideas that can help you make money using technology and the Internet.
1. Digital Marketing Consultant
With the development of the Internet, digital marketing has become one of the marketing methods that is widely used by companies. So, with these possibilities, you can become an expert in becoming a digital marketing consultant.
They can also help brands or companies find potential customers and develop marketing strategies.
2. Website design services
Website marketing is also a method that is in great demand today. By exploiting this potential, you can open a website design service with the aim of helping business people increase their sales.
This website can be a marketing tool or can also be created as an online shop.
Also Read: 6 Examples of Ecommerce Websites and Tips for Building Them!
3. Create a mobile app
Currently, many people access all information via smartphones, tablets, etc. So, mobile applications can be a business idea.
You can enjoy the benefits of programming designed using programming languages and see the benefits of using these applications.
4. Online teaching and learning contract
The next digital business idea is online teaching and learning. This business idea has great potential, especially with the increase in corona virus cases. Many schools and campuses are implementing online learning.
5. Dropshipper
Becoming a dropshipper might be a digital business idea. That’s because you can sell your products without having to open a store, have a warehouse, or arrange shipping. Basically, as a dropshipper, you can only act as a liaison between buyers and product manufacturers.
6. Online shop
Having an online shop can also be a promising digital business idea today. The convenience provided allows users to easily carry out buying and selling transactions.
So, for those who want to have an online shop, you can use the Jagoan Hosting service package to create your own online shop. With just 45,000 won, you can have your own online shop.
Also Read: 19+ Names of Kindness and Blessing Online Stores
7. Affiliated companies
Becoming an affiliate means marketing someone else’s product or service, and your income usually comes from commissions. Join the Jagoan Hosting affiliate program now and get various benefits.
To become an affiliate, join our affiliate program. Typically, you will receive a referral code or special link that allows you to promote other people’s products or services.
Contains a complete explanation of what digital business is and many examples that can inspire your business in the future.
Apart from digital business ideas, check the Jagoan Hosting blog for other interesting information about technology, business and developments, and check out our cheap web hosting service offers so you don’t miss out on discounts and promotions right now!
