The concept and types of business models are constantly evolved over the years and have had a long history that goes back several years. A very simple and popular model, since ancient times, was the "merchant model", which is to establish its own shop in such a position that it is more likely to pick up potential customers and making it easier to advertise products or services offered.
The "bait-and-hook business model", also known as the "related-products business model" and the "razor-and-blades business model", emerged in the first half of the 20th century . This model often involves presenting a common good at a very low price that actually puts the seller at a loss (bait), and then asking for compensatory recurring amounts for associated products, services or refills (hook) .A interesting example of such a model provides the software developer with a computer player free texts and hundreds of charging dollars for the word processor writer.
In the decade 1950-1960, the revolutionary business models were introduced by Toyota and McDonald's restaurants. Following this, in 1960, hypermarkets and Wal-Mart came up with another set of interesting patterns. In 1970, Toys R Us and FedEx were innovators. The 1980s saw new models from Home Depot, Dell Computer, Intel, and Blockbuster; and 190 by Netflix, Amazon.com, Starbucks and Blockbuster. Poorly designed and inadequately thought patterns were a serious problem for many dot-com.
Today, emerging types of models depend largely on what the new technology is invented and how it is used. For example, nowadays, entrepreneurs operating on the Internet are also creating entirely new business models that depend entirely on existing or emerging technology. By using this technology to create models, companies have a better capacity to reach a wide audience within minimal costs.

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