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There is a bigger trend that the article omits: the internet has become mainstream enough for "anyone" to open an online store, and best thing is, this is great
by antr 14y ago
There is a bigger trend that the article omits: the internet has become mainstream enough for "anyone" to open an online store, and best thing is, this is great for consumers.
Not every internet business needs to have an "innovative business model", but these businesses can still be highly profitable just by selling a product/service that people want.
Take German bicycle manufacturer Canyon (www.canyon.com). They are a direct-to-consumer business, they sell bicycles which have been around for over 100 years, and they are wildly profitable. Still, their business model is not innovative.
This article comes across as very negative towards people who want to start an online business, but the reality is that the internet is what electricity was to the second industrial revolution.
- jamiequint 14y agoAuthor here, the article is not meant to come out against starting a business. The point is that the for physical products (at least apparel) there is not much leverage to be gained from being online rather than offline so your differentiator has to be something other than "its X but online!"