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After years of working for others, you decide to start your own online business. You created...

After years of working for others, you decide to start your own online business. You created a software program where users upload any song they have in digital format and receive computer-generated sheet music so they can play the song themselves.

After reviewing your options, you decide to charge users $5 for each file of sheet music. The online business model that best describes your business is

a. advertising-based plan.
b. click-and-mortar retailing.
c. business-to-business procurement.
d. fee-based content.
e. fee-based platform.

f. online-only retailing.
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Answer #1

Answer: Option E - Fee-based platform

Explanation: In the given scenario, the enterpreneur is developing a platform on which the users can upload their song (in digital format) and get a music sheet in return. For using the platform and sheet music, they are charged $5. This is similar to fee-based-platform business model.

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