Assignment
Business model is one of those terms of art that were central to the Internet boom; it glorified all manner of half-baked plans. All it really meant was how you planned to make money. The business model for Microsoft, for instance, was to sell software for 120 bucks a pop that cost fifty cents to manufacture. The business model for Healtheon was to add a few pennies to every bill or order or request that emanated from a doctor's office. The business model for Netscape was a work in progress; no one really ever did figure out how to make money from Netscape; in its brief life Netscape had lost money. The business model of most Internet companies was to attract huge crowds of people to a Web site, and then sell others the chance to advertise products to the crowds. It was still not clear that the model made sense." - Michael Lewis
Take a moment to reflect on the above quote before answering the following questions:
(1) What is your business model?
(2) Why does your business model make sense? Why do you believe it will work?
Discussion Posts: There is no length requirement to each post answer. The only requirement is that each post must fully answer/address the question or provide the information that is being requested. Each post must be written using complete sentences and proper grammar. All answers must be supported; no partial credit will be given for questions that are not completely answered. Points will be deducted for grammatical errors and incomplete sentences.