Virtual Business

From Wikipedia, the free encyclopedia

A virtual business, broadly is a business which operates without a corresponding physical identity.

Amazon.com is an early example of a virtual business. As an online bookstore it delivered bookstore services but without the physical presence which we generally attach to a bookstore.

As a concept it is that lack of physical presence or the creation of a business which delivers service specifically without a conventional physical presence which defines a virtual business.

An Internet business is a type of virtual business which delivers services via the Internet. As Web 2.0 services rise in popularity many businesses will begin to use these communicative and collaborative technologies to allow customers into their business. At such time, customers will be able to contribute their ideas in developing a company's services and products.

One such service that has become increasingly popular is that of virtual dating. As a more secure alternative to meeting new people, this type of service has become widely popular among not only the younger generation looking to meet new people, but among the more mature crowd, as well, in hopes of finding their perfect match. Because these services are anoymous and personalized, less time can be spent going through the process of getting to know someone with whom you have no commalities or interests. Because these services match their members based on personality traits and common interests, you are more likely to find someone who can fulfill your current expectations, be it a good friend, or a lifetime partner.

Related Links: eharmony.com match.com

With the prevalence of Internet business' as the current dominant form of virtual business, often the word virtual business is used to describe new ventures where traditional physicality related services are offered virtually. Recently the online delivery of professional services such as administration, design and marketing services have defined their offering using the terms, to run a virtual business as a Virtual Assistant.

[edit] References

  • Tapscott, Don., & Williams, D. Anthony. (2006). Wikinomics. London England: Penguin Group. ISBN-978-1-59184-138-8