Business Models

There are a wide variety of business models. But here you will learn about the most popular form of business models and their culture. Since every organization needs a business model, you as an entrepreneur you should take a more in-depth look at how they work.

Individual Solution

In this business model, you know a customer or particular kind of customer very well so you can tailor some idea specifically targeting those customers and give them a complete solution with your innovative idea which leads to total domination of a niche.

Multi-component

In this model, you have a product that you're planning to sell in multiple ways. For example, the Coca-Cola company sells its product (coke) in plastic bottles, glass-bottles of different sizes, and price. Again, it sells in the form of vendors or with other food items like pizza or fast food as a tie-up business.

Market leader

This is a model that every entrepreneur and co-founders dream about achieving this. Example of one such enterprise is Apple Inc. which led the market with computing power, regarding tablets, phones, and music players also.

Valuable component

Target an industry, and in that industry, you target one or many products that your company will provide and that too in a well-crafted format. The target product should be something that they can't produce it by themselves, and hence they outsource the product. One popular example is Dolby Pvt. Ltd.

Razor and blade model

This is like you sell a printer or razor, which is a onetime product, but the component along with it will not last long, and consumers have to come again and again for the other component, i.e., for a razor, it is blade; for the printer, it is toner or color cartage.

Freemium

Here you give some level of service for free, rest you keep paying. At some point, your consumer will realize the paid need of your product and will buy it.


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