Digital Economy

[Samlucky O]

The digital economy is such a big industry and I've read some quotes in the past that if a business is not on the internet, soon, they'll be out of business.

Or should i say they will be outdated and non productive if they are not on the internet. Any business that refuses to adapt to the new Tech will late incur the roght of setback. As the world is evolving with new tech, we should also be able to embrace it or choose to follow a lonely or outdated pattern. I could see so many businesses people who has remain stagnant over some decades now and it's as a result of the inability to embrace new tech. But however there may still be people who does better even without the internet facility, but they are likely to be few.

[Gladitorcomeback]

It brings the market to you at your comfort and also sells people's products virally, especially if such products are truly needed by people, perhaps they solve problems or are needed or even cheap. Nothing can ever be compared to this because you might be at the remotest place in a very low-life environment and your products must have reached the entire world, which is awesome.

Digital marketing has truly revolutionized the way people promote their products and services. You are right about this. There used to be a time when companies and brands used to run commercials either on television on radio stations to promote their products and services, but today, they mostly use online marketing to promote these things, and it turns out to be much better when it comes to conversions because as you said, almost every other person in this world is available online these days.

One of the most significant advantages of digital marketing is that brands can do targeted advertising. In the past, when television commercials were very popular, brands couldn't choose their audience, and anyone watching a show or a channel would see their advertisement, which meant they didn't know whether the commercial would bring many customers or not, but this has changed now.

Brands run targeted promotions that only reach people who are interested in the products and services they are offering, which increases the potential of getting more conversions.

[pusaka]

The digital economy is such a big industry and I've read some quotes in the past that if a business is not on the internet, soon, they'll be out of business.

Or should i say they will be outdated and non productive if they are not on the internet. Any business that refuses to adapt to the new Tech will late incur the roght of setback. As the world is evolving with new tech, we should also be able to embrace it or choose to follow a lonely or outdated pattern. I could see so many businesses people who has remain stagnant over some decades now and it's as a result of the inability to embrace new tech. But however there may still be people who does better even without the internet facility, but they are likely to be few.

Following the development of the times is something that must be done by everyone, including in the business world, including digital business. I agree that a business will go bankrupt if they do not follow the flow of development.
Some time ago in my country, many people complained because their sales decreased drastically due to the existence of e-commerce or online shops. Well, this is an example of where when we do not follow the development of the times, then we will also be dominated by the times.
Like it or not, we must continue to adapt to any situation and we must always be in a condition that is always ready for the changes of the times.

[doomloop]

In the recent time digitalization has been the other of the day, at this point any business large busines that has not embraced the said digitalization will find thereselves to be blamed, we're in the digital era as such businesses that are surviving now are in the digital setting, the economy of some countries have gone far in the aspect of digitalization, you have mentioned some benefit of digital economy which is very beneficial for the growth of a country financial system, things are done easilly and different when every thing is digitalized.

Though some country has not fully embraced this fully may because of their inability to understand the importance of it,  communication across the globe is really improving and people are finding very easy to access some stuff in the internet space unlike before, development of different things that are helpful to humanity are on it's rise which one of the reason why their should be encouragement for this to take it's full stand globally. Bitcoin investment alone has shown how good digital assets are, so I believe by now individuals and institutions would have been doing the needful by investing and not being left out.

If they are already large, they can choose to stick with it and they can only ignore those people who blame them for not incorporating the digital trend. Those who are weak might have tried all what they can to save their business and among it is to join digitization. Luckily it help them somehow and they are still holding strong. Some things can still be done easily the traditional way and then not all wants to see a complete makeover of the product. It only gives them an awkward feeling, so don't say that those who didn't join the trend are illiterate. I think it isn't really BTC or the other, that shows how good digital assets are but it is the fact that they are digital.

[Nanga Parbat]

The digital economy is such a big industry and I've read some quotes in the past that if a business is not on the internet, soon, they'll be out of business.

Or should i say they will be outdated and non productive if they are not on the internet. Any business that refuses to adapt to the new Tech will late incur the roght of setback. As the world is evolving with new tech, we should also be able to embrace it or choose to follow a lonely or outdated pattern. I could see so many businesses people who has remain stagnant over some decades now and it's as a result of the inability to embrace new tech. But however there may still be people who does better even without the internet facility, but they are likely to be few.

Following the development of the times is something that must be done by everyone, including in the business world, including digital business. I agree that a business will go bankrupt if they do not follow the flow of development.
Some time ago in my country, many people complained because their sales decreased drastically due to the existence of e-commerce or online shops. Well, this is an example of where when we do not follow the development of the times, then we will also be dominated by the times.
Like it or not, we must continue to adapt to any situation and we must always be in a condition that is always ready for the changes of the times.

You are absolutely right. Before 50 years ago nobody thoughy that time will come when people will earn by computer and mobile . Many freelancers are earning in thousands of dollars per month which is good income and many are earning by doing investment in coins and they but these coins when market is all time low and then they do patience and after when market go to all time high they sell these tokens then they become ready to invest another coin . The point is that next 100 years will be more advance and new generation will earn by different ways and we will see more millionaires in the future as comparison to today.

[Dewi Aries]

Or should i say they will be outdated and non productive if they are not on the internet. Any business that refuses to adapt to the new Tech will late incur the roght of setback. As the world is evolving with new tech, we should also be able to embrace it or choose to follow a lonely or outdated pattern. I could see so many businesses people who has remain stagnant over some decades now and it's as a result of the inability to embrace new tech. But however there may still be people who does better even without the internet facility, but they are likely to be few.

Following the development of the times is something that must be done by everyone, including in the business world, including digital business. I agree that a business will go bankrupt if they do not follow the flow of development.
Some time ago in my country, many people complained because their sales decreased drastically due to the existence of e-commerce or online shops. Well, this is an example of where when we do not follow the development of the times, then we will also be dominated by the times.
Like it or not, we must continue to adapt to any situation and we must always be in a condition that is always ready for the changes of the times.

The example you gave is correct, my friend, the point is when we cannot balance ourselves to keep up with the times, then of course we will be left behind or experience a decline in any aspect, one of which is that the competition is now very tight, namely in the business world, so actually even though we have succeeded in building a business in the sense that it is already running and has generated profits, it does not mean that the situation will continue to be like that.

Basically we have to be aware that there are many competitors out there who may be smarter or who have prepared everything much more maturely than us, this is a big challenge for a businessman in the sense that if you really want your business to continue running or maybe grow faster then inevitably the first thing you have to do is conduct market research to find out which ones are more in demand by many people such as creating a more accessible space for potential customers such as the online store mentioned above or other things. The point is being smart is not enough in business but you also need to be smart.

[pusaka]

Following the development of the times is something that must be done by everyone, including in the business world, including digital business. I agree that a business will go bankrupt if they do not follow the flow of development.
Some time ago in my country, many people complained because their sales decreased drastically due to the existence of e-commerce or online shops. Well, this is an example of where when we do not follow the development of the times, then we will also be dominated by the times.
Like it or not, we must continue to adapt to any situation and we must always be in a condition that is always ready for the changes of the times.

You are absolutely right. Before 50 years ago nobody thoughy that time will come when people will earn by computer and mobile . Many freelancers are earning in thousands of dollars per month which is good income and many are earning by doing investment in coins and they but these coins when market is all time low and then they do patience and after when market go to all time high they sell these tokens then they become ready to invest another coin . The point is that next 100 years will be more advance and new generation will earn by different ways and we will see more millionaires in the future as comparison to today.

Yes, maybe we feel that in this era we are very modern, but if we compare it with 50 years ago. However, let's compare it with the next 50 years, maybe now we are considered an era that has just transitioned to being advanced. We don't know what will happen in the next 50 or 100 years, it might be more than what we imagine now. Don't talk too far about the next 50 or 100 years. We only need to look back 10 years when bitcoin was just created. Many people don't believe in bitcoin and even think bitcoin is a scam. But we can see now, even bitcoin has become a favorite for everyone. This is an example and in just one decade we have been able to go this far, and what if it is longer.