How to create a profitable digital business?

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Entrepreneurship frequently appears on the list of aspirations of Brazilians - in fact, according to the Global Entrepreneurship Monitor (GEM) survey , entrepreneurship ranks 4th among the biggest dreams of Brazilians. If, in the past, entrepreneurship seemed like a distant dream, now this possibility can be easier than you imagine. Nowadays, anyone can make money using the internet, as long as they know how to create a profitable digital business .

People's behavior has changed a lot in recent years and continues to change. To give you an idea, more than half of the world's population uses the internet . According to Brazilian internet users, 74% of them choose to make purchases online .

Having a digital presence nepal number dataset even more important when 97% of users search for information online before making a purchase.

It is also worth noting that if before the Covid-19 pandemic the internet was already considered a game changer for business, the trend is for digital to become even more crucial and promising as an environment for generating business in the new normal.

So, how about adapting and creating a promising business, without borders and with low investment? If you still don't know how to create a profitable digital business, check out our tips below.

7 tips on how to create a profitable digital business
Digital businesses are more easily adaptable, scalable and can quickly show ROI (return on investment). To help you assertively develop your project, here are some good practices on how to create a profitable digital business:

1. Think about the product or service
Online channels add versatility to the type of product or service that can be marketed. To define your scope, evaluate your interests and skills and think about which business would be best for you and which aligns with market demands.

Common services include: advisory, consulting, product import, creation/writing, courses, e-commerce , affiliation and many others. It is worth doing in-depth research, comparing your interests with latent market opportunities and validating your idea with the target audience.