Guide to Online Business Model Types
by Larry Slusser on February 22nd, 2008
During the 1990’s, the term business model became very popular amongst online businesses. However, the plans did not have a clear focus on how traffic to their sites would generate revenue and profits. In order to determine where you are and where you are going, a business model should include sales, costs, profits and expenses, along with strategic goals, a vision and mission. There are numerous business models for internet businesses. Some websites focus on sales, other focus on reducing costs or improving customer satisfaction. Whatever the reason, there is a reason for you developing an online business; therefore, you... Read more »