Startup as a business term appeared in the 1970s; in the 1990s it spread widely as a phenomenon. The ability to quickly create a new and profitable business project is directly related to the development of communications, primarily the Internet. In the 1990s, the Internet only accelerated the development of young companies, and they carried out their main activities in real life. Nowadays Internet start-ups allow you to create a business solely online, through the implementation of a sought-after idea.
Examples of successful online business startups
The very fact that a business startup on the Internet can develop only by implementing an idea is no longer a surprise to anyone. For some, the problem is seen in another way: there is not even an opportunity to implement, but to come up with an idea that is in demand. In fact, the experience of both the largest and small (but profitable) online projects suggests that a new business can be based on a fairly ridiculous idea.
It doesn’t even have to be new! Mark Zuckerberg was not the first to create a social network on the Internet, but his predecessors have sunk into oblivion, and Facebook is still afloat. Let’s take a look at examples of internet startups: from local to well-known ones. The biggest internet startups: from ideas to billions It would seem that the example of Zuckerberg and Facebook is quite trivial.
However, it was he who discovered social networks to the world. Facebook, Instagram, LinkedIn, MySpace, Friendster and many others followed in part the well-trodden path of big brother. So when we look at the wealthiest companies on the lists of the best Internet startups, we should start with social networks. If the 2000’s entered the history of the Internet as the time of appearance of social networks of a general direction, in the 2010’s appeared a lot of specialized social networks:
- Spotify – a service for listening and sharing music;
- Instagram – a social network for sharing photos and videos between users;
- Pinterest – a social network for sharing and discussing photos and pictures;
- Twitter – a service for public exchange of short messages.
By and large, these projects are still the same social network. At first glance, there is nothing in them that Facebook and its counterparts did not already have. Nevertheless, all these services have managed to attract tens of millions of users. A certain niche is occupied by the services, without which it is impossible to imagine the information world – cloud information storages.
Dropbox was founded by Drew Houston in an era when there were already servers for storing information. However, it was the cloud service Dropbox that managed to outlast almost all of its competitors and attract over 200 million users. The company’s current value is estimated at $1 billion.
The list of not the most original, but practical ideas continues with Duolingo. The implementation of the idea of teaching users of foreign languages in Duolingo was realized just brilliantly.
Boring learning process was replaced by the game (gamification) without reducing the effectiveness. The monetization of the application is very ingenious as well: the user, who has learned the language, can try himself in the translation of articles in a foreign language. An article translated for free by the user will eventually be sold to the customer.
Conclusions and trends in the development of Internet projects
Thus, ideas for startups can be divided into two categories. In the first, the idea is developed around an industry or area of life, helping to solve some problem. In the second category, the idea is more unconventional and not tied to an existing sphere of life. For example, in the late 1990s, people lived outside of social media.
In fact, social networks in the early 2000s (Facebook was created in 2004) formed a new sphere of human needs. Now startups are characterized by an increasingly narrow focus and a desire to expand as quickly as possible. An example is Coub, a classic internet project that produces no real product but still steadily generates income. The service is a site with a lot of looped videos.
At this moment the resource is visited daily by more than 50 million unique users. It is appropriate to compare it to YouTube, but Coub has found its “thing” and successfully developed it by acquiring its own audience.
That is, the experience of the best online startups shows that a number of companies did not generate an independent idea but borrowed it. Moreover, Internet startup projects can be created on the basis of someone else’s idea, implemented in another country. In this case, the creator of the project benefits from the timely movement and adaptation of the idea.
Amazon has not patented the right to trade online, Facebook has no patent on social networking, and Dropbox has not reserved the right to cloud file storage. Which gives wide latitude to regional entrepreneurs. The same is true for today’s untapped startups.
The development of this trend has led to the formation of sites dedicated to exchanging ideas about possible startup projects. However, even in the networking segment, one idea is not enough. A startup always requires investments, a development plan, and a market analysis.
Anyone looking to start an internet project in 2020 should definitely consider an online casino. Online gambling is one of the hottest trends right now, and it shows no signs of slowing down. In fact, the global online gambling market is expected to reach $92.9 billion by 2023! If you’re looking for a lucrative and exciting project to sink your teeth into, an online casino is definitely the way to go.
There are plenty of reasons why an online casino is a great choice for a startup project. First of all, it’s a very popular activity, so you’ll have no shortage of customers. Secondly, setting up an Online Casino lists is relatively easy and doesn’t require a lot of upfront investment. And thirdly, there’s a ton of room for growth and expansion – you can always add new games and features as your business grows.
If you’re based in Canada, there’s another reason to consider an online casino: Canadian players are some of the most active in the world! According to a recent report, Canadians spend an average of $468 per person on gambling each year – that’s more than any other nationality except for Australians. So if you’re looking to target the Canadian market, an online casino is a great choice.
All in all, there are plenty of good reasons to start an online casino in 2020. It’s a booming industry with plenty of opportunity for growth, and it’s easy to get started. So if you’re looking for a new internet project to sink your teeth into, an online casino is definitely worth considering!
What does it take to start a startup online?
The experience of hundreds and thousands of people who have started a startup online attracts many people. The globalization of the world makes it possible to catch new trends, to take advantage of innovative technologies in order to open a business on the net. After all, even the most successful Internet projects started with a small base and a small group of users. And before that, at the helm of future famous services was a group of like-minded people or a loner who had caught fire with the idea.
At the same time, many of them did not have their own capital, and there were difficulties with attracting investment. So what will it take to start an internet startup? Instructions for starting a startup online Creating a startup online is not so different from creating a real business, although it has its own nuances. To start an online startup, the first thing you will need to do is create a business plan.
This does not have to be a cumbersome structure with a financial analysis, timeline and risk assessment, but you will need to outline certain points: Describe the project (Identify the initiator, the basic idea and purpose).
Choose the form of the new project (will it be a website or a mobile application). Make a plan of action (prescribe the tasks to achieve the goal of the project and the sequence of their implementation).
Analyze the market and risks (will the project be in demand, what are the main threats). The creation of individual sites may take hundreds of thousands of rubles. This will require start-up investments. You can apply not only directly to an investor, but also receive funds through crowdfunding.
Read more about investing in startups here – Investing in startups: attraction, rules, important points. New Internet startups are fundamentally different from standard companies. A startup is not only an opportunity to create something new, but also to influence the world in the long term. However, startups don’t work by themselves. Hundreds of new projects are created every day, but only a few get attention. Promoting a project can take more than luck, it takes hard work every day to promote and advertise the product. Irregular working hours and the lack of an established work mechanism are the main attributes of new projects. Therefore it makes sense to start small.
Startup as a small business
When starting your own business on the Internet, not everyone is aiming to make millions. Recently, many startup owners should be categorized as middle class. This is due to the emergence of a wide range of applications that do not require large startup capital and investments. At the same time, they still bring the creators a stable income. In the Russian segment, the following applications should be noted: Inscription on the Sand. Social alarm clock. Friend to Friend. Super Kettle, etc. Creating your own small cloud business or web application, which will become a source of additional income, is now generally available. The startup capital for most projects has decreased because there is no need to spend on hardware and software. Even expensive software now has free analogues, which are not inferior to the basic product. To create an Internet project will sometimes require only a basic knowledge of programming. Another thing is that the more complex the idea, the more knowledge and labor is required for its implementation. Today, even trivia ideas that simplify and beautify everyday life have flooded the Internet. This is largely due to the development of the mobile Internet, the total spread of smartphones and other gadgets. For the same reason, any project can take a shot. News about a new app or startup regularly pop up in the media, which only increases people’s interest in it and the number of users grows. Due to this, successful Internet startups very quickly begin to bring profit to their creators. Thus, Internet startups are a huge number of diverse sites and mobile applications for different areas of life. While they do not create a real product, they are still directly connected to the lives of users. They add variety to their leisure time, help in communication and in the acquisition of new skills. At the same time there are many startups that are essentially the same, which gives users the opportunity to choose. And modern technology makes it possible to create a startup online yourself. The only question is whether the idea is in demand.