One of the most popular questions for startups online is
what is your business model?
Sometimes the question is sincere but often it is voiced more like an accusation:
What would be an appropriate business model for this business?
The interesting thing about business models is that there is not much magic involved.
are pretty much set and all you have to do really is apply one of them to your business.
The concept of course is to pick the correct business model or a combination il.of models.
These business models have existed for some time and the subject never gets old so I have decided to describe these elements in greater detail.
The business model structure I am talking about has been researched by Professor Michael Rappa, director of theInstitute for Advanced Analytics at North Carolina State University.
He wrote a document titled Business Models on the Web which describes all the business models you need. Here they are: