chapters 4, and 5, and 6 in information systems for business and beyond <
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chapters 4, and 5, and 6 in information systems for business and beyond
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Please summarize the following key points –
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1. Business Issue you try to solve
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2. Market size and ideal customer profile
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3. Your Solution/Features/Benefits
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4. Competition
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1. Describe the online business idea.
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o Internet business model Examples –
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? Portal
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? E-tailer – Amazon (merchant), Shopify, or eCommerce with Paypal or Stripe
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? Content provider – Podcast (audio or video), YouTube, Vimeo, etc.
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? Transaction broker
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? Market creator
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? Service provider – Subscription (Monthly or Annual) via Stripe or PayPal
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? Community provider – Marketplace
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o Revenue model
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? Advertising – YouTube, TikTok, or others
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? Sales
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? Subscription
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? Free/Freemium
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? Transaction fee
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2. Discuss the problem your business is trying to solve
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3. Identify the ideal target market and customer profile.
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4. Compare your idea to the competitors
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5. Examine what makes your internet solution different than your competitor
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6. Explain to your potential investors the effectiveness of this online idea.
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