photo by lepiaf.geo

The continuing evolution of the internet has changed a lot of things – how people communicate (Facebook, Twitter), how they establish expertise (blogging, answering questions, wikis) and how business is done (online presence is mandatory now).

What’s really exciting is that social media and the internet has generated a lot of cool new businesses and business models.  Business models like Threadless – a t-shirt design studio that’s completely driven by fans and users in terms of what t-shirts get made and sold (and they’re selling millions of them!). Or Woot! – a deceptively simple site that sells 1 product per day until it sells out or runs out of time.  It’s popular enough to have turned into a phenomenon on it’s own.

The latest fresh business model that I’ve seen is Groupon (a combination of Group and Coupon).  They just made it to Kansas City earlier this week.

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