TOPIC 5 NOTES
Refection’s of online business models is that it ranges from an easy models to more advanced models and easier online business model that is probably the easiest is that of e-commerce which is simply buying goods and selling them on the internet for a profit. Another is known as content which allows pages like newspapers ect to place adverts on their pages which pus digital product in the faces of the consumer another is support what this allows is that if a online customer requires help in any way the longer they can be kept on the site the better it is for the online store it saves the store money, lead generation captures personally identifiable information which can be used at a later date by the entity or pass it on
Digitation over the past few years has changed the ways in which business interact with each other and with the current world at large, the internet has changed the way products eg a lamp interacts with us and interact with it a product could be given a sensor in this case a lamp and provide necessary information to us about things like how long has it been on, how much it has used ect
The canvas business model allows 9 different subsections to mould into one tool that can be used by a range of different people in the business world
Technology has changed the way in which business gets their product in front of the right people at the right time this is so that the market can be easily used by the majority people that have access to the web
In summary, due to the increase in advancements of technology in recent years it has become much easier for business to sell their products and services but at the same time the way in which business sell themselves is becoming progress inly complex due to the rapid change of media
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