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Transaction Models: Steps Before You Develop A Transaction Model
Transaction Models: Steps Before You Develop A Transaction Model
Transaction Models: Steps Before You Develop A Transaction Model
Evaluate business model > Define e business model > E business entity model > Define transaction
model
Earlier internet businesses were content centric, but later they became based on transactions. Business
models were either based on real world activities being imitated on internet or those which naturally
involve the internet environment.
Traditional businesses which generate revenues on the internet landscape. These providers have
moved their content on the internet. Example, Journals, research databases and directories (IRCTC)
Electronic store – web-based order and delivery and payments. Everything electronically.
Brokerage model – websites posting simple online classified ads, online stock and real estate
brokers. Examples include
Manufacturer Model - Model is similar to the electronic store model, except here the seller
happens to be the manufacture himself. Example – Nykaa manufactures its own range of
cosmetics, they generally begin as market places but eventually they start their own home
brands in order to get a larger profit share. Other examples include Amazon Basics,
These were set up due to the efforts of some individuals who wanted to facilitate information search
without any financial returns.
Information Content model – These are websites displaying research work, scientific
content, tourism information and other scholarly works. They just tend to share information
free in order to facilitate research. The best example is Wikipedia. Many scientific journals
which were initially just content based have changes their models to ones based on
advertisement and subscription
Freeware model – Free Software available on Linux, Apache and other open source
websites. They have always been in the model of sharing content and do not monetize their
offerings, as they just seek improvement in the current versions. It is an information sharing
model.
Information Exchange Model – Exchange of information on the internet, like registration
forms on Amazon, Gmail and other. This is just a facilitator to generate insights based on user
data and use that data for actual business transactions.
Emerged due to efforts of amateurs who set up informational websites expecting no financial returns.
This also includes the software which are available for download free of cost. The various models
based on native transactions are -