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For new and existing businesses, it’s important to determine the business model your company operates within, as this defines how it brings in revenue. There are several business models available, and companies can choose to change their business model at any time to keep up with business and customer needs.
One type of business model that emerged with the creation of the Internet was the e-commerce business model. This model allowed entrepreneurs to easily sell products and services without investing in a physical storefront, while customers found online shopping more convenient.
Continue reading Bricks-and-Clicks Business Model: Definition, Examples, Benefits, and Challenges at StartUp Mindset.
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