Delvin Grant, DePaul University, USA
Email: dgrant2@depaul.edu
Emna Cherif, DePaul University, USA
Email: emcherif@gmail.com
ABSTRACT
We analyzed the e-business websites of Realestate.yahoo.com, Realtor.com, and Zillow.com. We looked at the similarities and differences between them and how e-business components help differentiate one company from another and the role this plays in contributing to their success.
We looked at which business model components, such as value proposition, target customers, distribution channels, and revenue streams, are important. The type of e-business models each company used and the ones that are more successful were investigated. We discovered some similarities and differences; some differences were the use of revenue streams for generating multiple sources of revenue, the type of e-business models used and the role they play in executing the e-business strategy.
Keywords: Canvas Framework, Real Estate, Business Models, e-business, Analysis
INTRODUCTION
The internet’s ability to provide access to information has improved real estate communications and business (Aalberts and Townsend, 2002). Business models represent the business logic of companies. They are executed by company websites and are important to the success of companies. E-business models represent the rationale of how companies create, deliver, and capture value (Linder and Cantrell, 2000). By understanding them, companies identify opportunities to improve the business (Osterwalder, 2004), so it is important to understand their role. The internet has changed the real estate business but the importance of e-business could be further developed Our principal research objective is to investigate the role that e-business models play in real estate. In pursuit of this objective, we look at the similarities and differences among e-business models and how they affect company success. We investigate the importance of four business
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