BUSINESS MANAGEMENT

Online Business Management

Answer no. 1

On Line Business Models

Internet and advancement of technology has brought new ways earning profit and doing business. Industrialist and businessmen are constantly finding modern ways to use the internet for the purpose of business. Large number of different online business models plays a vital role in the generating revenue of the business. Four online business models are discussed are discussed below. It is also discussed that how each online business model helps the organization to generate revenue (Kaye & Quinn, 2010, pp. 125-127).

Blogs

Blogs are referred as the websites which are developed for the social interface of the people. Particularly blogs are considered as the way of communicating with large number of people. Information regarding the business or product can easily be shared through blogs.

Blogs can help the business to generate revenue through affiliate links, educational materials, software products, ebooks and other forms (Kaye & Quinn, 2010, pp. 125-127).

Membership Site

Membership sites are referred as the paid subscriptions that provide the facility to the people, to get the membership of becoming part of the community. Membership sites play a vital role in generating business revenue because annual or monthly payments of subscription help the organization in generating revenue (Holden, 2010, pp. 300-322).

Niche Site

A niche site is referred as a site which is developed to aim a particular market. The majority of the niche sites focus on a particular service or product formed to assure the market requirements. Niche sites may help in generating revenue by increased ranking on the search engines (Kaye & Quinn, 2010, pp. 125-127).

Advertising

This online business model provides services or information to the whole world, without charge. It also offers information on discounts. This helps the organization in generating revenue because it relies on the revenue achieved through paid advertising (Kaye & Quinn, 2010, ...