7 Business Models That Will Motivate You Before Starting A Business – Do you have in mind the idea of starting a business but do not know what model to carry out? Is it necessary to make a strategic plan? The answer to both questions is yes! As an entrepreneur or business leader, you must define the plan and the business models you are going to shadow to know first-hand what your DNA is. In other words, you essential to see what you will offer to the market, what type of clients, how you will do it and sell it, and how you will generate income.
Defining the model and the business plan that you are going to follow is key to knowing what the DNA of your company is
In this business plan, you must also determine what resources are needed to start up your idea: if you need an office, renting flexible spaces can be one of the best ways to optimize your operating costs
So, suppose you are still unsure which of the many business models best fits your business expectations at Lexington. In that case, we give you these seven examples that may interest you before launching your business idea :
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1. Freemium – Business Models
This business model works by offering essential services for free while charging for more advanced or special ones. It has become more prevalent in those companies whose activity is related to Web 2.0.
2. Long Tail – Business Models
Also known as Long Tail, it is the opposite model of traditional business models. Instead of offering few products and selling many. The long tail focuses on providing a wide variety of products of which relatively few units will be sold. Still, the sum of this small number of sales can be very profitable.
3. Peer To Peer (P2P)
It is one of the business models based on the exchange or sale of products and services between individuals and companies at the same level.
4. Membership Model
In this case, the sale or service of a product on the recommendation of one another, that is, the interested company establishes some reward for suppliers. People or other companies that manage to attract clients to their products and services.
5. Crowdsourcing
This business model was born as a tool to outsource a series of tasks and jobs by using massive professional communities in the sector; in this way, better results and more solutions are obtained in less time, thus achieving increased cost savings.
6. Franchise – Business Models
So it is a good job opportunity for those who want to start their career in the business world and start their company. It consists of replicating the same business models in different places. Allowing other people or companies to exploit their brand image, products or services. Always under the supervision of the business owner and in exchange for royalties.
7. Subscription Model
Instead of closing a sale each time to market a product or service. The customer pays for access to a product or service with a fixed and agreed-upon frequency in the subscription-based business model.