The Business Model By Peter Baskerville 10/07/2019.

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Presentation transcript:

The Business Model By Peter Baskerville 10/07/2019

Why ideas don’t progress! 10/07/2019

What is a business model? A the method of doing business by which an entity can sustain itself (generate revenue). The business model spells-out how a company makes money by specifying where it is positioned in the value chain.

Physical Vs Virtual Download eBooks from Lulu Channel Virtual Physical Download eBooks from Lulu Digital multi-media CD from bookstore Virtual Product Books from Amazon Books from Bookstore Physical

Types of business models DETAILS PHYSICAL VIRTUAL Brokerage Market makers - buyers/sellers Setting up a weekend markets eBay company Advertising attract audience newspapers blogs Infomediary information on markets stockbrokers market research Merchant buy and sell Bricks’n mortar retailers Amazon Manufacturer make and sell Coke Online education Affiliate act as agents for others Real estates Drop shipping Community free + premium Clubs Facebook Subscription scribe to a service Magazines dating site Utility pay by use Car rental photo library

Types of business models

Purchases goods and sells them for a profit. Merchant Purchases goods and sells them for a profit.

Develop a skill that others purchase based on time used. Service Develop a skill that others purchase based on time used.

Brokerage Make a market for buyers and sellers and then charge one or both for the service.

Attract an audience and then charge other businesses to access them. Advertising Attract an audience and then charge other businesses to access them.

Infomediary Source, analyse and interpret information that is on-sold to people who need it.

Make products and sell them. Manufacturer Make products and sell them.

A business acts as an agent for another and charges a commission Affiliate A business acts as an agent for another and charges a commission

People subscribe to secure an ongoing service. Subscription People subscribe to secure an ongoing service.

Utility People pay for use.

Community Build a community of users who benefit from free and pay for premium services

Business Model Canvas

For who are you creating the greatest value and why do they care? Start Here For who are you creating the greatest value and why do they care?

Your ONE person