The new business models associated with the dot-com era were, in fact, existing models in an online context. Business models and revenue models have not changed’. Question for debate
There are two biggest difference between dot.com and traditional business:
First, people have relatively little knowledge about dot.com. Therefore, there will be a very wide range of contrasting perceptions among different people, some people are overoptimistic while others are too pessimistic. Meanwhile, the same people may also have rather different perceptions across time. This gives big challenge to investors, managers and other stakeholders of dot.com business.
Second, dot.com businesses are more scalable than traditional business. Once a particular dot.com idea works, it can bring the investors big money.
However, the differences are not big enough to lead to different business model or even a large change in existing business model.
As Web 2.0 continues to develop, companies and consumers increasingly interact directly. The wisdom-of-crowds perspective argues that under the right circumstances, groups are smarter than the smartest people in them. If this is true, it implies that large numbers of consumers can predict successful products. In a sense, a lot of social networking sites let their members dictate purchase decisions.
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