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This link recently saved by digitaldickinson on May 05, 2009
A business model is the architecture of a business or project. It has four elements:
1. What compelling reason exists for people to give you money? (or votes or donations)
2. How do you acquire what you're selling for less than it costs to sell it?
3. What structural insulation do you have from relentless commoditization and a price war?
4. How will strangers find out about the business and decide to become customers?
Seth Godin thinks about how the four fit together and which elements are important for new media
This link recently saved by digitaldickinson on June 18, 2008