BUSINESSjiefgbuisgjirhehehehe MODEL.pptx

About Model

1. BUSINESS MODEL

2. According to management guru Peter  Drucker:   “A business model is supposed to answer  who your customer is, what value you can  create/add for the customer and how you   can do that at reasonable costs (Das  2020 ).”

3. In their simplest forms, business models can be broken into  three part Everything it takes to make something: design, raw  materials, manufacturing, labor, and so on.  Everything it takes to sell that thing: marketing,  distribution, delivering a service, and processing the sale.  How and what the customer pays: pricing strategy,  payment methods, payment timing, and so on.

4. Different Kinds of Business Model

5. 1. Advertising   You have to satisfy your two customer  groups: your readers or viewers and your  advertisers.   Examples: YouTube, Tiktok , and Facebook

6. 2. Affiliate   Uses links embedded in content instead of  visual advertisements that are easily  identifiable. For example, if you run a book  review website, you could embed links to  Amazon within your reviews. Examples ;  Top TenReviews.com

7. 3. Brokerage   Connects buyers and sellers and helps  facilitate a transaction. Example : Real  Estate Agency

8. 4. Customization/ Concierge   Take existing products/ services and add a  custom element to the transaction that  makes every sale unique for the given  customer. Example Nike Customized  sneakers

9. 5. Crowdsourcing   Frequently paired to Advertising models  to generate revenue. Providing the right  rewards to entice the crowd is the key to  successful crowdsourcing. Example :   YouTube

10. 6. Franchise   Common in the Restaurant Industry. You  are selling the recipe for starting and  running a successful business to someone  else. Example : Jollibee

11. 7. Leasing   Like renting, at the end of a lease  agreement, the customer needs to return  the product. Example : Condominium, Cars

12. 8. Marketplace   Allow sellers to list items for sale and  provide customers with easy tools for  connecting to sellers. Example : eBay,  Shoppee , Lazada , Zalora , and Amazon

13. 9. Subscription   Consumers get charged a subscription fee  to get access to service. Example : Netflix,  Spotify, Canva , and Youtube Premium

14. 10. Pay-As-You-Go   Customers get charged for actual usage  at the end of the billing period. Water or  Electric Companies