A website without a business model is like a picture on a wall. Everyone can view it and even see some details but it's valuable only to the owner. Choosing the right business model will determine the success or failure of any business website.
So what is a business model?
According to Wikipedia, the free online encyclopedia
“A business model describes the rationale of how an organization creates, delivers, and captures value - economic, social, or other forms of value. The term business model is thus used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies.”
As you can see a business model consist of a number of processes. Let’s crystallize that long definition into 5 practical questions that if answered would give you the basis for your online strategy:
- Why are you on the web?
- Who are you targeting?
- What are you willing to give?
- What do you expect to get?
- How are you going to do it?
Here are 22 reasons why every business should build a website Click Here