(5) A statement of your business model: i.e., how will you deliver value and earn revenue with your business?Example 1: Networking groupsBusiness Model #1: Women Entrepreneurs. Use website to reduce costs and increase efficiency of advertising and registration.What it does: Members eligible to attend lunches and breakfast meetings twice a monh.Members may send email messages to all members.E-newsletter (e-zine) monthly highlights one or two members and announces events.Committee of officers organizes events.What this business mode needs for economic success: Needs critical mass of members paying $150-200 a year plus sponsors who pay more and gain exposure from being announced as sponsors.Target market: Independent business owners in any stage of business. Need not be computer savvy, Value ongoing associations and prefer to schedule events by planning in advance.Business Model #2: Biznik: 100% virtual organization.What it does: Members eligible to organize and attend events anywhere they join.Members each get a page describing themselves and what they do.Members can gain visibility by attending events and by posting to other members sites. Members can also write articles to gain visibility.Members can communicate directly with one another.