Entrepreneurship Responses

Posted on: 9th May 2023

Question

t have to wait to be an adult to run a business! There are many ways you can become an entrepreneur right now! Once you have an idea for a product or service, you can launch a business online! (Or...maybe you already have!). Let’s explore a few popular ways people are “entrepreneuring.”๐Ÿ‘๐Ÿ’น โ” Below are a range of digital companies that help people get their products/services out in the world! Please review each of the companies provided and respond to the respective questions. Business Examples Responses to questions ๐Ÿ›’ Etsy ๐Ÿ‘€ Review the links below to learn more about the company! About Etsy Selling on Etsy ๐Ÿ’ Who should use this platform? (Ex: What types of businesses/products/services is this geared toward?) ๐Ÿ’ต Visit a shop: Crew Lala ๐Ÿš€ Based on what you’ve seen, what are some specific skills needed to be successful using this platform as a business? (Ex: What makes an effective campaign, storefront, etc. What makes something stand out?) ๐Ÿ’ฌ What are ways entrepreneurs communicate their sales pitch on this platform? ๐ŸŒŸ What are the benefits of using this particular platform to reach an audience? โŒ What are disadvantages of using this particular platform, or for what businesses would this not be a good choice? ๐Ÿ’ฐ Kickstarter ๐Ÿ‘€ Review the links below to learn more about the company! About Kickstarter Creating a Kickstarter campaign Kickstarter Impact ๐Ÿ’ Who should use this platform? (Ex: What types of businesses/products/services is this geared toward?) ๐Ÿ’ต Visit a campaign: Quack! ๐Ÿš€ Based on what you’ve seen, what are some specific skills needed to be successful using this platform as a business? (Ex: What makes an effective campaign, storefront, etc. What makes something stand out?) ๐Ÿ’ฌ What are ways entrepreneurs communicate their sales pitch on this platform? ๐ŸŒŸ What are the benefits of using this particular platform to reach an audience? โŒ What are disadvantages of using this particular platform, or for what businesses would this not be a good choice? ๐Ÿซ Teachable ๐Ÿ‘€ Review the links below to learn more about the company! About Teachable Teachable Features ๐Ÿ’ Who should use this platform? (Ex: What types of businesses/products/services is this geared toward?) ๐Ÿ’ต Visit a class: Acrylic Pouring ๐Ÿš€ Based on what you’ve seen, what are some specific skills needed to be successful using this platform as a business? (Ex: What makes an effective campaign, storefront, etc. What makes something stand out?) ๐Ÿ’ฌ What are ways entrepreneurs communicate their sales pitch on this platform? ๐ŸŒŸ What are the benefits of using this particular platform to reach an audience? โŒ What are disadvantages of using this particular platform, or for what businesses would this not be a good choice? ๐Ÿ“Œ Thumbtack ๐Ÿ‘€ Review the links below to learn more about the company! About Thumbtack ๐Ÿ’ Who should use this platform? (Ex: What types of businesses/products/services is this geared toward?) ๐Ÿ’ต Visit a listing: Web Designers ๐Ÿš€ Based on what you’ve seen, what are some specific skills needed to be successful using this platform as a business? (Ex: What makes an effective campaign, storefront, etc. What makes something stand out?) ๐Ÿ’ฌ What are ways entrepreneurs communicate their sales pitch on this platform? ๐ŸŒŸ What are the benefits of using this particular platform to reach an audience? โŒ What are disadvantages of using this particular platform, or for what businesses would this not be a good choice? ๐Ÿ’ช Your turn! ๐Ÿ”ฎ You’ve explored examples of Etsy, Kickstarter, Teachable, and Thumbtack. Find another digital company or platform that helps entrepreneurs launch or sell products or services, and answer the questions about it! List the name of the company in the empty slot below and include a link to their website. Company: ๐Ÿ’ Who should use this platform? (Ex: What types of businesses/products/services is this geared toward?) ๐Ÿš€ Based on what you’ve seen, what are some specific skills needed to be successful using this platform as a business? (Ex: What makes an effective campaign, storefront, etc. What makes something stand out?) ๐Ÿ’ฌ What are ways entrepreneurs communicate their sales pitch on this platform? ๐ŸŒŸ What are the benefits of using this particular platform to reach an audience? โŒ What are disadvantages of using this particular platform, or for what businesses would this not be a good choice?

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Solution

 Entrepreneurship Responses

 

Business Examples                                                                                           Responses to questions

๐Ÿ›’ Etsy

๐Ÿ‘€ Review the links below to learn more about the company! About Etsy

Selling on Etsy

 

๐Ÿ’ Who should use this platform?

(Ex: What types of businesses/products/services is this geared toward?)

Etsy is a global marketplace that offers extraordinary, special, and handcrafted products to enable business sellers to achieve their goals. For instance, the platform offers essential products such as rings, printable arts, gold necklaces, utensils, and online shops listings.

๐Ÿ’ต Visit a shop: Crew Lala

๐Ÿš€ Based on what you've seen, what specific skills are needed to successfully use this platform as a business?

(Ex: What makes an effective campaign, storefront, etc. What makes something stand out?)

The Crew Lala platform sells handmade products such as women's scarves, Dog ties, tote bags, scrunchies, and T-shirts. They deliver order goods after 5-7 business days upon placing an order. Therefore, communication is an essential skill that enhances buyers' engagement with the team of Crew Lala in finding the preferred color, size, and style. Also, research is a skill that enables a buyer to understand how the Crew Lala platform operates. 

 

๐ŸŒŸ What are the benefits of using this platform to reach an audience?

The platform improves the audience's shopping convenience. It offers a wider variety of products that suits customers' preferences. Also, advertisements and marketing of its products are enhanced. The platform will enable customers to compare prices before making purchases decision. The platform enhances privacy for confidential products.

โŒ What are the disadvantages of using this particular platform, or would this not be a good choice for businesses?

Making returns to the company might be complicated. It also discourages direct contact with customers and the risk of fraud to the audience. At times online platforms might fail to deliver ordered products to their customers other than the scheduled date.

 

 

๐Ÿ’ฐ Kickstarter

๐Ÿ‘€ Review the links below to learn more about the company! About Kickstarter

Creating a Kickstarter campaign Kickstarter Impact

 

๐Ÿ’ Who should use this platform?

(Ex: What types of businesses/products/services is this geared toward?)

The Kickstarter enables creators to develop new ideas for investors to venture on them. The Kickstarter company works with developers, support specialists, writers, designers, painters, musicians, and writers.

๐Ÿ’ต Visit a campaign: Quack!

๐Ÿš€ Based on what you've seen, what specific skills are needed to successfully use this platform as a business?

(Ex: What makes an effective campaign, storefront, etc. What makes something stand out?)

Creativity is a skill that nurtures the development of new ideas. The collaboration implements these ideas into successful projects. The team of developers, writers, investors, designers, and other individuals need problem-solving and decision-making skills. Effective communication forms part of their operations.

๐Ÿ’ฌ What are ways entrepreneurs communicate their sales pitches on this platform?

Entrepreneurs present sales pitches through advertisements and marketing on the online platform.

๐ŸŒŸ What are the benefits of using this platform to reach an audience?

The platform enhances convenience. The platform provides a wider range of information that suits the audience's needs. Also, the platform nurtures creativity and enhances advertisements.

โŒ What are the disadvantages of using this particular platform, or would this not be a good choice for businesses?

Spending much time on the platform and less personal touch with the audience is a challenge.

   

๐Ÿซ Teachable

๐Ÿ‘€ Review the links below to learn more about the company! About Teachable

Teachable Features

 

๐Ÿ’ Who should use this platform?

(Ex: What types of businesses/products/services is this geared toward?)

The platform deals with transforming the power of knowledge to entrepreneurs. The teachable platform offers vibrant actions to writers, learning devotees, coders, chefs, designers, and marketers.

 

๐Ÿ’ต Visit a class: Acrylic Pouring

๐Ÿš€ Based on what you've seen, what specific skills are needed to successfully use this platform as a business?

(Ex: What makes an effective campaign, storefront, etc. What makes something stand out?)

Transparency is a notable value that makes information sharing effective for this platform. The advancement in technology across the globe enhances timely information sharing. Also, teamwork enhanced the successful meeting of standards.

๐Ÿ’ฌ What are ways entrepreneurs communicate their sales pitches on this platform?

Content marketing, planning vacations, and drafting platform articles.

๐ŸŒŸ What are the benefits of using this platform to reach an audience?

Efficient sharing of information at a lower cost. It embraces teamwork and collaboration while addressing the changing needs of the modern generation.

โŒ What are the disadvantages of using this particular platform, or would this not be a good choice for businesses?

 

 

 

๐Ÿ“Œ Thumbtack

๐Ÿ‘€ Review the links below to learn more about the company! About Thumbtack

 

๐Ÿ’ Who should use this platform?

(Ex: What types of businesses/products/services is this geared toward?)

Home services and current organization. It helps in understanding the home care services.

๐Ÿ’ต Visit a listing: Web Designers

๐Ÿš€ Based on what you've seen, what specific skills are needed to successfully use this platform as a business?

(Ex: What makes an effective campaign, storefront, etc. What makes something stand out?)

Advancements in technology make communication easier. Also, the changing demand in the homecare facilities enables efficient decision marking.

๐Ÿ’ฌ What are ways entrepreneurs communicate their sales pitches on this platform?

Online advertisements, automated messages, and workshops.

๐ŸŒŸ What are the benefits of using this platform to reach an audience?

It enhances the efficient delivery of information that leads to decision-making. The platform offers a variety of information to potential users.

โŒ What are the disadvantages of using this particular platform, or would this not be a good choice for businesses?

The information presented through the platform can be a bit confusing and intimidating. Also, the information presented can be biased.

 

 

 

๐Ÿ”ฎ You've explored Etsy, Kickstarter, Teachable, and Thumbtack examples. Find another digital company or platform that helps entrepreneurs launch or sell products or services, and answer the questions about it! Please list the company's name in the empty slot below and include a link to their website.

 

 

 

Company:

eBay company. https://www.ebay.com/

๐Ÿ’ Who should use this platform?

(Ex: What types of businesses/products/services is this geared toward?)

The platform sells electronics, fashion, cars, and collectibles to all potential customers regardless of their locations.

๐Ÿš€ Based on what you've seen, what specific skills are needed to successfully use this platform as a business?

(Ex: What makes an effective campaign, storefront, etc. What makes something stand out?)

 Communication and research skills enhance interaction in this platform. Comparing prices will enhance potential customers' choices in this platform.

๐Ÿ’ฌ What are ways entrepreneurs communicate their sales pitches on this platform?

Advertisements, social media posts, and customer referrals.

๐ŸŒŸ What are the benefits of using this particular platform to reach an audience?

The platform helps improve sales, customer relationships and raises the company's reputation. Effective communication and modern technology enhance addressing consumers' needs on time.

โŒ What are the disadvantages of using this particular platform, or would this not be a good choice for businesses?

Lack of personal touch to its customers, issues in delivery dates, and unfavorable payment terms.

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