14 Apr Assess which e-business model or models are best suited for your online store and explain why it is best suited for you. Address the following que
- Assess which e-business model or models are best suited for your online store and explain why it is best suited for you.
- Address the following questions for the business models you selected:
- Value Proposition – How will your product or service fulfill the needs to the customers?
- Revenue Model – How will you earn money? Which revenue model will you be using?
- Advertising
- Subscription
- Transaction Fee
- Sales
- Affiliate
- Competitive Environment – Who else occupies your intended marketspace?
- Market Strategy – How will you plan to promote your products or services to attract your target audience?
- Management Team – What kinds of experiences and competencies are important for you to have?
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