If you use the internet for all or any part of your business then you have an online business. This course defines an online business as “any business that transacts part or all of their business activities on the internet”. The transaction does not need to be in monetary terms - an example could be free downloads.
Just like bricks and mortar businesses, online businesses have many ways of doing business. The methods (models) of doing business now available for an online entrepreneur are many and varied - varying in the degree and type of online business delivery - with new methods constantly evolving with the evolution of the internet.
Take a read of the article below for an interesting perspective of the various business methods for online businesses.
What is certain is that in today’s digital world most businesses will have some online presence, even if only through a web page or social media. The degree to which and how your business uses online can help to further define what kind of online business you have.
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