A business model is a machine, a method, a plan for extracting money from a system. Consumer Mobile Number Database Without a business model, a company can get publicity, hire employees and spend money, but it won't make a profit." Consumer Mobile Number Database Below are some sample business models extracted from Seth Godin's groundbreaking manifesto "the bootstrapper's bible". Consumer Mobile Number Database See if you can guess which company each comes from: 1. Consumer Mobile Number Database HIRE THE WORLD'S BEST ATHLETES AS SPOKESPEOPLE.
Buy an enormous amount of advertising. Use the advertising to get every sporting goods store to carry your products. Make your product overseas for a very little money. Charge very high prices. 2. FIND LOCAL BUSINESSES THAT CARE ABOUT THEIR EMPLOYEES .Offer them a free water cooler if they allow you refill it. Earn money by making deliveries on a regular basis. 3. Consumer Mobile Number Database CREATE THE OPERATING SYSTEM that runs every personal computer in the world. Then use the power you gain from knowing that system, which controls the computers, to create software, web sites, online services, even travel agencies. Consumer Mobile Number Database These are the business models of NIKE, POLANDSPRING, and MICROSOFT.
Permit me to add a fourth one; I'm sure you would love this one. 4. CREATE A SOCIAL UTILITY that will allow people to socialize by connecting and sharing things with family and friends online for FREE, then make room for businesses, Consumer Mobile Number Database celebrities and organizations to also do the same, but charge them a token for this in form of advertisement to those who use the platform for free. Consumer Mobile Number Database You must have probably guessed right, Facebooks business model. Consumer Mobile Number Database Therefore, a business model is the way a company has decided to setup and portray itself in such a way that it is able to attract money [get] by providing specific products or services [give].