Starting a Business – Business Models Examples

Before starting a business, figuring out what kind of business model to pursue is every businessman’s dilemma. The whole business planning and strategizing will depend a lot on which business model to choose. Below is a list of business models examples that are used usually nowadays.

• Subscription-based business models – A classic business model that was used by magazines and newspaper businesses, where the target market pay for subscription to gain access to the product and services. These days, this business model is utilized in online platforms to cater a wider market and high demand of online services and products. As an example would be Software as a Service (SaaS) Business Models.

• Project-based business models – A business model usually used for timely projects with a set fee. It can be big projects in Infrastructure or web developing projects. As an example would be a Mobile App Business Model.

• Product-based business models – This kind of business model is the most popular and the most used by businessmen as it is as simple as selling physical products such as accessories, food, cars and many more. It is a straight forward business model and widely accepted by a huge market. An example would be a Jewelry Store Business Model.

• Service-based business models – A business model that works the same way as product-based business model except, instead of selling physical products, providing services to the consumers is the objective. Businesses such as hotels, restaurants, consulting firms, etc. uses this kind of business model. As an example are: Hotel Business Model, Restaurant Business Model, and IT Consulting Business Model.

The business models examples listed above aren’t the only ones available as there are more business models that are used by entrepreneurs as a strategy on how to cater their products to the market. As the ever-growing demand rises with the ever-changing market trend, there will be more business models that will emerge in the future.