Definition of Business Model

When a company considers how it should satisfy the needs of its customers, it is wondering about its business model. And if a entrepreneur is intended to launch a draftbusinessYou must clarify what you want to do, that is, what your business model is going to be.

Questions and answers

Any business model is a general approach in which you try to answer a series of questions

1) who will be the client of my business?

2) What benefits does the product or service I sell bring to the customer?

3) How am I different from my competitors?

4) how will I sell my products?

5) what services will my clients receive before, during and after the purchase?

6) where will I get the money to set up the business? Y

7) what are the resources What do I need to run the business?

The specific answers to these or similar questions make up a business model. Consequently, a business model serves to analyze a strategy global and to anticipate possible setbacks.

Keys to launching a good business model

A viable business proposal is one that provides a useful response to a consumer need. For this to be feasible, a business model must be designed that includes a series of key elements:

1) differentiate yourself from competitors and create alternative solutions to traditional ones,

2) create strategies marketing to attract customers and

3) precisely define the market segment to be conquered.

Private scenarios

- The auction pages for Internet in which a product is bid and the final buyer is the one who pays the most money for the auctioned product.

- Subscription models where a user periodically pays a fee for a service (for example, insurance companies rely on this system).

- Platforms in which buyers and sellers join and which are known as marketplace.

- The franchise system, in which a percentage of the profits is paid to the owner of a brand.

- Internet sales known as flash self, in which through an Internet portal sales are proposed in a short period of time and with great offers.

- Internet comparators that allow users to know the best prices for a given sector (hotels, insurance, travel ...).

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Business Model Topics