What is Cyberpreneurship?

By: Ejaz Alam | Topic: Online Business

The term cyberpreneur is a neologism and portmanteau derived from the words "cyber" and "entrepreneur". A cyberpreneur is generally an entrepreneur who owns an online business that makes money selling software, hardware or advertising space on the internet through his website or blog.

One of the biggest advantages of cyberpreneurship is that you can build a "real" company without fancy office space, mahogany furniture and slick corporate attire. Today there are number of successful bloggers and internet marketers making 6 figure incomes with the help of computer and internet.

To understand the concept of cyberpreneurship  or online entrepreneurship lets see the definition of the two words from which this term is invented:

Entrepreneur Definition

Entrepreneur is an individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.

Source: http://www.investopedia.com/terms/e/entrepreneur.asp

Entrepreneur: Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced. An entrepreneur supplies risk capital as a risk taker, and monitors and controls the business activities. The entrepreneur is usually a sole proprietor, a partner, or the one who owns the majority of shares in an incorporated venture.

Source: http://www.businessdictionary.com/definition/entrepreneur.html

Cyber: A prefix that means "computer" or "computer network," as in cyberspace, the electronic medium in which online communication takes place. A combining form meaning “computer,” “computer network,” or “virtual reality,” used in the formation of compound words ( cybertalk; cyberart; cyberspace)

Cyberspace: Imaginary, intangible, virtual-reality realm where (in general) computer-communications and simulations and (in particular) internet activity takes place. The electronic equivalent of human psyche (the 'mindspace' where thinking and dreaming occur), cyberspace is the domain where objects are neither physical nor representations of the physical world, but are made up entirely of data manipulation and information.

These were the two definitions from different sources, now if we analyze them closely we come to the following conclusions:

1. Cyberpreneur is a person who carries out business activity with the help of internet and computer that includes but not limited to website, e-commerce platform, blog, affiliate marketing, selling advertising space, selling e-books or other software, freelancing etc.

2. A business activity is commonly known as entrepreneurship and a business activity in the cyberspace is known as cyberpreneurship or online entrepreneurship. In other words it is a sort of dot com lifestyle as told by John Chow.

It is very attractive indeed because online business doesn’t require lot of infrastructure and expenditure as it is in conventional business. As more and more people are getting connected to the internet worldwide so the future of cyberpreneurship is extremely bright so if you are looking for a way out of your dead-end career, then declare yourself a an online entrepreneur or cyberpreneur.

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