What are the key elements in these internet entrepreneur success stories?

Well, one key element is market knowledge. Entrepreneurs need to understand the market demand. For instance, Sara Blakely knew there was a need for better - fitting undergarments. Leadership is also vital. Oprah Winfrey showed great leadership in building her media empire. And financial management. Many successful entrepreneurs are able to manage their finances well, whether it's getting initial investment or handling profits and losses as their companies grow.

One key element is innovation. Entrepreneurs like Jeff Bezos at Amazon constantly came up with new ideas, like one - click shopping, which changed the way we buy things.

Hard work and perseverance cannot be ignored. Richard Branson has started multiple successful businesses in different industries like airlines and telecom. He faced many setbacks but never gave up. Also, having a good team is often part of the success story. Entrepreneurs need people with diverse skills to support their ideas and help turn them into reality. For instance, many startup founders rely on their technical and marketing teams to grow their companies.

The element of customer focus cannot be overlooked. Successful online entrepreneurs like Tony Hsieh of Zappos were known for their excellent customer service. Zappos focused on making the online shopping experience for shoes and other products as pleasant as possible for the customer. Another key aspect is the use of data analytics. Online entrepreneurs can use data to understand customer behavior, preferences, and trends. This helps in making informed decisions about product offerings, pricing, and marketing strategies. For example, Amazon uses data analytics extensively to recommend products to its customers.

Innovation is a key element. Like Coco Chanel using jersey fabric in new ways. Brand identity also matters. Ralph Lauren's preppy American style is distinct. And marketing. Vera Wang's bridal gowns are well - marketed to brides - to - be.

The key elements often include having a clear value proposition. Take Slack for example. It offered a better way for teams to communicate and collaborate, and their marketing highlighted this value. Another is adaptability. Instagram started as a simple photo - sharing app and has adapted its marketing as it grew into a major platform for businesses and influencers. And leadership also plays a role. Reed Hastings at Netflix has led the company with a vision that translated into effective marketing strategies, from the shift from DVDs to streaming and global expansion.

Innovation is crucial. For example, in the case of Amazon, they introduced concepts like one - click ordering which was a game - changer. Another key element is understanding the market needs. Shopify understood that there was a demand for an easy - to - use e - commerce platform for small businesses. And finally, good customer service. Etsy's focus on creating a community and providing a platform for artisans to interact with customers is a form of great customer service.

Perseverance plays a big role too. Oprah Winfrey faced many challenges in her early career. But she persevered and her first success with her own talk show was due to her determination. She overcame obstacles like discrimination and lack of opportunities in the media industry for women, especially women of color.

Innovation is crucial. Tech entrepreneurs need to come up with new ideas or improve existing ones. For example, Bill Gates with Microsoft, his innovative software ideas changed the computing world.

Vision plays a big role. Entrepreneurs like Larry Page and Sergey Brin had a vision for a better search engine with Google. They aimed to organize the world's information. Timing can also be a key element. If an entrepreneur launches a product too early or too late, it may not succeed. Take MySpace, it was an early social network but failed to adapt over time. And having a great team is important. In successful start - ups, the founders usually assemble a group of talented and dedicated people.