Business Model Innovation - Key Note Speech Emad Saif
This is my keynote speech for anyone interested on "Business Model Innovation" at the Arabic Innovation Academy organized by the European Innovation Academy and Qatar Science & Technology Park in Qatar on Jan 7 2018
Building an enduring, multi-billion dollar consumer technology company is hard. As an investor, knowing which startups have the potential to be massive and long-lasting is also hard. From both perspectives, identifying companies with this potential is a combination of “art” and “science” — the art is understanding how products work, and the science is knowing how to measure it. At the earliest stages of a company, it comes down to understanding how a product is built to maximize and leverage user engagement.
In this presentation, Sarah Tavel shares her "Hierarchy of Engagement" framework she uses to evaluate non-transactional consumer companies she is looking to invest in.
This presentation is based on the top seller book "Business Model Generation" by Alex Osterwalder and Yves Pigneur. This book introduces the Business Model Canvas, the world's leading tool in creating and analyzing business models. This great tool allows you to sketch out your business model visually without starting with a scary business plan.
You can take my online course which covers more content, examples, quizzes, challenges and provides a certificate of completion.
Get course discounts and learn more:
www.playtactic.com
I hope you find this beneficial and good luck on your business model ;)
The Business Model Canvas was proposed by Alexander Osterwalder. Business Model Canvas helps lean advocates to develop new or document existing business models.
Business Model Innovation - Key Note Speech Emad Saif
This is my keynote speech for anyone interested on "Business Model Innovation" at the Arabic Innovation Academy organized by the European Innovation Academy and Qatar Science & Technology Park in Qatar on Jan 7 2018
Building an enduring, multi-billion dollar consumer technology company is hard. As an investor, knowing which startups have the potential to be massive and long-lasting is also hard. From both perspectives, identifying companies with this potential is a combination of “art” and “science” — the art is understanding how products work, and the science is knowing how to measure it. At the earliest stages of a company, it comes down to understanding how a product is built to maximize and leverage user engagement.
In this presentation, Sarah Tavel shares her "Hierarchy of Engagement" framework she uses to evaluate non-transactional consumer companies she is looking to invest in.
This presentation is based on the top seller book "Business Model Generation" by Alex Osterwalder and Yves Pigneur. This book introduces the Business Model Canvas, the world's leading tool in creating and analyzing business models. This great tool allows you to sketch out your business model visually without starting with a scary business plan.
You can take my online course which covers more content, examples, quizzes, challenges and provides a certificate of completion.
Get course discounts and learn more:
www.playtactic.com
I hope you find this beneficial and good luck on your business model ;)
The Business Model Canvas was proposed by Alexander Osterwalder. Business Model Canvas helps lean advocates to develop new or document existing business models.
Be Awesome at Startup Marketing and SalesApril Dunford
The business part of running a startup isn't easy. Many founders struggle with startup marketing and startup sales in an environment where budgets are tight, and there are too many potential tactics to choose from. In my experience there are 2 things that startups need to understand to build a foundation for great sales and marketing.
The Startup Design Toolkit - a design-thinking approach to startups and produ...Alejandro Rios Peña
When PMs or entrepreneurs tackle a new product venture, they need to acquire and combine skills and tools from the Development, Business and Design fields. In this session, the following topics will be introduced:
- Is there really a formula for new product or startup success?
- What is Design-Thinking and how it is driving innovation around the world?
- Building a Toolkit: a subset of practical tools curated from the Lean Startup, Customer Development, Design-Thinking and other methods, to really help entrepreneurs to accelerate and find a scalable business model.
http://productcampsf.com/proposed-session-a-design-thinking-approach-to-pm-and-startups/
Business Model Canvas explanation and examples from technology, creative, and home products industries:
Cirque Du Soleil Business Model Canvas
Skype Business Model Canvas
Easy Taxi Business Model Canvas
Facebook Business Model Canvas
Kinder Business Model Canvas
Louis Vitton Business Model Canvas
Airbnb Business Model Canvas
Nespresso Business Model Canvas
Netflix Business Model Canvas
Google Search Business Model Canvas
Black Eyed Peas Business Model Canvas
The Ultimate Startup Pitch Deck Template and Example Startup PitchSilvia Mah PhD, MBA
This 12-Slide Startup Pitch Deck enables founders to quickly & effectively convey the unique value proposition of their company to prepare & feel confident for investor presentations.
Slide 1: The OPENING | Cover/Title | Company Vision | Value Proposition
Slide 2: The PROBLEM | The Gap | The Opportunity (possible: current solutions)
Slide 3: Your SOLUTION | Product | Your Offering
Slide 4: MARKET Validation | Market Size
Slide 5: Business MODEL | Revenue Model w/key revenue streams
Slide 6: COMPETITION | Your Differentiators | Market fit (table or matrix)
Slide 7: Go-to-market STRATEGY | Beachhead Market + Next Markets
Slide 8: TEAM | Leadership, team & advisors
Slide 9: TRACTION | Project Status (possible: awards)
Slide 10: Future Projections | FINANCIALS
Slide 11: Investment Ask | CAPITAL Raise | Use of Funds Plan (possible: exit strategy)
Slide 12: CLOSING slide | Contact Details | Questions? (remember to end memorably)
(Floater) Executive Summary | Investment Summary | Your Underlying Magic: Floating from after opening, before closing or 1st/2nd appendix slide
A pitch deck template with sample copy to help technology startups sell their business concept to angel investors and VCs. Inspired by pitch deck words of wisdom from Dave McClure (500 Startups), AirBnb, Guy Kawasaki and Venture Hacks (the folks behind AngelList).
YOU MIGHT ALSO LIKE THESE PITCH DECK EXAMPLES & TEMPLATES:
> Airbnb pitch deck @ https://pitchdeckcoach.com/airbnb-pitch-deck
> Sequoia Capital pitch deck template @ https://pitchdeckcoach.com/sequoia-capital-pitch-deck
> FREE pitch deck template download @ https://pitchdeckcoach.com/free-pitch-deck-template
> Pitch deck guide with hints, tips, and a worked example @ https://pitchdeckcoach.com/pitch-deck-template
NEED HELP WITH YOUR PITCH DECK?
See how I can help then book a free call @ https://pitchdeckcoach.com/
MORE PITCH DECK RESOURCES @ https://pitchdeckcoach.com/pitch-deck-template#resources
Pitching Masterclass - 2024 Edition. The definitive guide to raising money fo...Vidar Andersen
The slides from my https://pitchingmasterclass.com 2023 Edition: The definitive guide to raising money for startups. It covers:
1. Who am I
2. Funding Basics
3. How to find investors
4. How to contact investors
5. The Funding Game
6. Startup Financing Sources
7. What investors are looking for
8. The Three Types of Pitches
8A. High-Concept Pitch
8B. Elevator Pitch
8C. Pitch Deck
9. Addendum: Know Your Metrics - The Basics
10. Addendum: Pitching Tricks
11. BONUS: Airbnb’s first Pitch Deck (went on to raise over $6B to date)
The Best Pitch Deck Format To Attract InvestorsBryce North
**Validated by real investors!**
Based on the Guy Kawaski format, this pitch deck layout has been proven over and over again and has helped many companies raise their investment round.
If you are looking to raise your seed round, impress investors, and build a high-quality investment deck, then make sure you follow this format. This is the best pitch deck template available today.
Find more great resources here --> www.dontbealittlepitch.com
Startup Braga is an innovation hub designed to assist the inception and development of high potential entrepreneurial projects for international markets.
In partnership with Microsoft Ventures we provide business acceleration programs for startups with global ambitions.
Be Awesome at Startup Marketing and SalesApril Dunford
The business part of running a startup isn't easy. Many founders struggle with startup marketing and startup sales in an environment where budgets are tight, and there are too many potential tactics to choose from. In my experience there are 2 things that startups need to understand to build a foundation for great sales and marketing.
The Startup Design Toolkit - a design-thinking approach to startups and produ...Alejandro Rios Peña
When PMs or entrepreneurs tackle a new product venture, they need to acquire and combine skills and tools from the Development, Business and Design fields. In this session, the following topics will be introduced:
- Is there really a formula for new product or startup success?
- What is Design-Thinking and how it is driving innovation around the world?
- Building a Toolkit: a subset of practical tools curated from the Lean Startup, Customer Development, Design-Thinking and other methods, to really help entrepreneurs to accelerate and find a scalable business model.
http://productcampsf.com/proposed-session-a-design-thinking-approach-to-pm-and-startups/
Business Model Canvas explanation and examples from technology, creative, and home products industries:
Cirque Du Soleil Business Model Canvas
Skype Business Model Canvas
Easy Taxi Business Model Canvas
Facebook Business Model Canvas
Kinder Business Model Canvas
Louis Vitton Business Model Canvas
Airbnb Business Model Canvas
Nespresso Business Model Canvas
Netflix Business Model Canvas
Google Search Business Model Canvas
Black Eyed Peas Business Model Canvas
The Ultimate Startup Pitch Deck Template and Example Startup PitchSilvia Mah PhD, MBA
This 12-Slide Startup Pitch Deck enables founders to quickly & effectively convey the unique value proposition of their company to prepare & feel confident for investor presentations.
Slide 1: The OPENING | Cover/Title | Company Vision | Value Proposition
Slide 2: The PROBLEM | The Gap | The Opportunity (possible: current solutions)
Slide 3: Your SOLUTION | Product | Your Offering
Slide 4: MARKET Validation | Market Size
Slide 5: Business MODEL | Revenue Model w/key revenue streams
Slide 6: COMPETITION | Your Differentiators | Market fit (table or matrix)
Slide 7: Go-to-market STRATEGY | Beachhead Market + Next Markets
Slide 8: TEAM | Leadership, team & advisors
Slide 9: TRACTION | Project Status (possible: awards)
Slide 10: Future Projections | FINANCIALS
Slide 11: Investment Ask | CAPITAL Raise | Use of Funds Plan (possible: exit strategy)
Slide 12: CLOSING slide | Contact Details | Questions? (remember to end memorably)
(Floater) Executive Summary | Investment Summary | Your Underlying Magic: Floating from after opening, before closing or 1st/2nd appendix slide
A pitch deck template with sample copy to help technology startups sell their business concept to angel investors and VCs. Inspired by pitch deck words of wisdom from Dave McClure (500 Startups), AirBnb, Guy Kawasaki and Venture Hacks (the folks behind AngelList).
YOU MIGHT ALSO LIKE THESE PITCH DECK EXAMPLES & TEMPLATES:
> Airbnb pitch deck @ https://pitchdeckcoach.com/airbnb-pitch-deck
> Sequoia Capital pitch deck template @ https://pitchdeckcoach.com/sequoia-capital-pitch-deck
> FREE pitch deck template download @ https://pitchdeckcoach.com/free-pitch-deck-template
> Pitch deck guide with hints, tips, and a worked example @ https://pitchdeckcoach.com/pitch-deck-template
NEED HELP WITH YOUR PITCH DECK?
See how I can help then book a free call @ https://pitchdeckcoach.com/
MORE PITCH DECK RESOURCES @ https://pitchdeckcoach.com/pitch-deck-template#resources
Pitching Masterclass - 2024 Edition. The definitive guide to raising money fo...Vidar Andersen
The slides from my https://pitchingmasterclass.com 2023 Edition: The definitive guide to raising money for startups. It covers:
1. Who am I
2. Funding Basics
3. How to find investors
4. How to contact investors
5. The Funding Game
6. Startup Financing Sources
7. What investors are looking for
8. The Three Types of Pitches
8A. High-Concept Pitch
8B. Elevator Pitch
8C. Pitch Deck
9. Addendum: Know Your Metrics - The Basics
10. Addendum: Pitching Tricks
11. BONUS: Airbnb’s first Pitch Deck (went on to raise over $6B to date)
The Best Pitch Deck Format To Attract InvestorsBryce North
**Validated by real investors!**
Based on the Guy Kawaski format, this pitch deck layout has been proven over and over again and has helped many companies raise their investment round.
If you are looking to raise your seed round, impress investors, and build a high-quality investment deck, then make sure you follow this format. This is the best pitch deck template available today.
Find more great resources here --> www.dontbealittlepitch.com
Startup Braga is an innovation hub designed to assist the inception and development of high potential entrepreneurial projects for international markets.
In partnership with Microsoft Ventures we provide business acceleration programs for startups with global ambitions.
Supporting the startups of the future by boosting their CEOs
A crash course on subjects any CEO has to deal with when their companies grow.
While learning about management, human resources, finance and other topics, CEOs will feel better prepared to take the lead on their companies’ strategies.
People aiming at becoming CEO’s will have here the chance to improve their skills and feel ready to do it.
Supporting the startups of the future by boosting their CEOs.
A crash course on subjects any CEO has to deal with when their companies grow.
While learning about management, human resources, finance and other topics, CEOs will feel better prepared to take the lead on their companies' strategies. People aiming at becoming CEOs will here have the chance to improve their skills and feel ready to do it.
Learn more about a program designed to help you validate and define your business model, build a stronger product, get your first customers and grow your business, together with a wide network of partners, mentors and experts.
This year Startup Pirates, with the support of Tetuan Valley and Beta-I, held the first European Pre-Accelerator Summit. For an entire day, pre- accelerator leaders from 11 organizations working all over Europe gathered to discuss what is going on and what is the future of pre- acceleration.
We developed this white paper to collect not only the main conclusions of the Summit, but also to make information regarding Pre- Acceleration available to all the community.
Venture Design Workshop: Business Model CanvasAlex Cowan
These slides support the various workshops I do and my online curriculum in two principal places:
1. Business Model Canvas Tutorial
This is a more fully articulated instructional, complete with templates: bit.ly/nicebmc.
2. Startup Sprints
This is a structured self-service for Venture Design/new venture creation: bit.ly/startupsprints.
Startup Braga - About us & our #2 Acceleration ProgramStartup Braga
Apply: f6s.com/startupbragaaccelerationprogram
More info: bit.ly/sbacceleration
Startup Braga Acceleration program is a great opportunity to push your startup forward, the 7 teams participating in the 2014 edition managed to raised over 1.5 Million euros in funding even before the demo day. We connect you with over 50 entrepreneurs, investors, industry experts and executives and we also provide office space 24/7, access to a network of startup providers, top-notch workshops and a community of over 30 startups. In the end, you also have the opportunity to participate in our internacional roadshow.
Apply until March 15 for the 2015 Startup Braga Acceleration Program. That will run for 3 months with a limited number of teams. This time the focus will be on Mobile/ eCommerce, MedTech and Nano Technology.
Startup Braga Acceleration program is a great opportunity to push your startup forward, the 7 teams participating in the 2014 edition managed to raised over 1.5 Million euros in funding even before the demo day. We connect you with over 50 entrepreneurs, investors, industry experts and executives and we also provide office space 24/7, access to a network of startup providers, top-notch workshops and a community of over 30 startups. In the end, you also have the opportunity to participate in our internacional roadshow.
Apply until March 15 for the 2015 Startup Braga Acceleration Program. That will run for 3 months with a limited number of teams. This time the focus will be on Mobile/ eCommerce, MedTech and Nano Technology.
Apply: www.f6s.com/startupbragaaccelerationprogram
Info: www.startupbraga.com
Hvilke deler av forretningsmodellen du kan gjøre mer lønnsom med teknologi? Vi viser deg hvordan du bruker The Business Model Canvas til å finne ut hvordan en applikasjon kan spare bedriften penger.
Business Model Canvas: Developing and Testing the Business ConceptTim R. Holcomb, Ph.D.
"Business Model Canvas: Developing and Testing the Business Concept" provides an overview of value creation and value capture concepts and introduces the basic framework of Ash Maurya's Lean Business Model Canvas template.
Business Model Canvas Strategic Planning Book and WorkbookRamona Szenasi
Business Model Canvas is a strategic planning technique that helps companies answer core questions about their business. The Business Model Canvas book provides easy-to-understand instructions for how to use the model and includes an interactive workbook.
Make notes or modify your notes with this interactive PDF. It'll explain how to fill it out in detail and also provide an overview on what needs to be included.
www.7needs.com
My talk about customer discovery and understanding customer needs from the 2015 Lean Startup Conference in San Francisco, CA. Based on the book, Talking to Humans, by Giff Constable & Frank Rimalovski. More at http://talkingtohumans.com.
Lean Startup Basics - Evidence Based EntrepreneurshipKelly Schwedland
Introduction and overview to the lean process for startups. An evidence based approach to validate early hypothesis and develop a solid Business Model before launch. Involving Customer Development, Hypothesis testing, Minimum Viable Product, (MVP) to get to Product/ Market fit and ultimately A replicable scalable business model. This simple but disciplined approach takes the guess work out of taking an idea and turning it into a viable company.
Based on Eric Reis, Steve Blank and Alex Osterwald's work with Lean Startup, Lean launchpad, customer development and Business Model Canvas. Now in practice by multiple Incubators, Accelerators, Universities and now the National Science Foundation through ICorp to validate business ideas with before investing.
Similar to Training manual - Business Model Canvas (20)
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
Learn how to use Binance Savings to expand your bitcoin holdings. Discover how to maximize your earnings on one of the most reliable cryptocurrency exchange platforms, as well as how to earn interest on your cryptocurrency holdings and the various savings choices available.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...jamalseoexpert1978
Farman Ayaz Khattak and Ehtesham Matloob are government officials in CTW Counter terrorism wing Islamabad, in Federal Investigation Agency FIA Headquarters. CTW and FIA kidnapped crypto currency owner from Islamabad and snatched 200 Bitcoins those worth of 4 billion rupees in Pakistan currency. There is not Cryptocurrency Regulations in Pakistan & CTW is official dacoit and stealing digital assets from the innocent crypto holders and making fake cases of terrorism to keep them silent.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
2. Business Model
A business model describes the rationale of how an organization creates, delivers, and captures value.
All the Business Models can be outlined in a unique frame, the Business Model Canvas.
The Business Model Canvas
The Business Model Canvas is a tool that allows to map existing business models, improve them, and invent
new ones.
It is composed by 9 building blocks:
1. Customer Segments
2. Value Proposition
3. Channels
3. 4. Customer relationships
5. Revenue streams
6. Key Resources
7. Key activities
8. Key Partners
9. Cost Structure
1. Customer Segments
• For whom are we creating value?
• Who are our most important customers?
Examples:
o Mass market
o Niche market
o Segmented
o Diversified
o Multi-sided platform
2. Value Proposition
• What value do we deliver to the customer?
• Which one of our customer’s problems are we
helping to solve?
• What bundles of products and services are we
offering to each Customer Segment?
• Which customer needs are we satisfying?
Examples:
o Newness
o Performance
o Customization
o “Getting the Job Done”
4. o Design
o Brand/Status
o Price
o Cost Reduction
o Risk Reduction
o Accessibility
o Convenience/Usability
3. Channels
• Through which Channels do our
Customer Segments want to be reached?
• How are we reaching them now?
• How are our Channels integrated?
• Which ones work best?
• Which ones are most cost efficient?
• How are we integrating them with
customer routines?
Examples:
1. Awareness - How do we raise awareness about our company’s products and services?
2. Evaluation - How do we help customers evaluate our organization’s Value Proposition?
3. Purchase – How do we allow our customers to purchase our services or products?
4. Delivery - How do we deliver a Value Proposition to customers?
5. After sales - How do we provide post-purchase customer support?
4. Customer Relationships
• What type of relationship does each of
our Customer Segments expect us to establish
and maintain with them?
• Which ones have we established?
• How are they integrated with the rest of
our business model?
• How costly are they?
Examples:
o Personal assistance
5. o Dedicated Personal Assistance
o Self-Service
o Automated Services
o Communities
o Co-creation
5. Revenue Streams
• For what value are our customers really
willing to pay?
• For what do they currently pay?
• How are they currently paying?
• How would they prefer to pay?
• How much does each Revenue Stream
contribute to overall revenues?
Examples:
o Asset sale
o Usage fee
o Subscription Fees
o Lending/Renting/Leasing
o Licensing
o Brokerage fees
o Advertising
6. Key Resources
• What Key Resources do our Value
Propositions require?
• Our Distribution Channels? Customer
Relationships?
• Revenue Streams?
Examples:
o Physical
o Intellectual (brand patents, copyrights, data)
o Human
6. o Financial
7. Key activities
• What Key Activities do our Value
Propositions require?
• Our Distribution Channels?
• Customer Relationships?
• Revenue streams?
Examples:
o Production
o Problem Solving
o Platform/Network
8. Key Partnerships
• Who are our Key Partners?
• Who are our key suppliers?
• Which Key Resources are we acquiring
from partners?
• Which Key Activities do partners
perform?
Motivations for partnerships:
o Optimization and economy
o Reduction of risk and uncertainty
o Acquisition of particular resources and activities
7. 9. Cost Structure
o What are the most important costs
inherent in our business model?
o Which Key Resources are most
expensive?
o Which Key Activities are most
expensive?
Some examples of Business Models:
Long Tail - selling less of more
Offers a large number of niche products;
Low inventory costs and strong platforms to make niche content readily
available to interested buyers.
Multi-sided platform
Brings together two or more distinct but interdependent groups of
customers;
Generates value to one group of customers only if the other groups of
customers are also present;
The platform creates value by facilitating interactions between the different
groups.
Blades-and-razor model
Consumer purchases a low-margin item like a razor handle or inkjet printer.
Sale of necessary consumables such as replacement blades or ink are sold at
a very high markup.
Cheap chic
Marketing of stylish but inexpensive merchandise. Typically allows for high
8. margins because merchandise sells at low price points but has an expensive
feel.
Multilevel marketing
Leverage friends, family, and other personal networks to recommend
products and act as a sales force. Works best for products needing
recommendation to facilitate purchase.
Franchise
Sell the right to use the business model in exchange for a percentage of
revenues.
Software
as a
Service
Subscription model
One of the most popular models because of the recurrent revenue.
Typically involves creating a significant asset and renting a piece of it.
Freemium
Product is offered for free. Typically 8% of users upgrade to become paying
customers of virtual goods or to get expanded access.
How to go:
1. You have an idea;
2. Start structuring it in your Business Model Canvas. Generate several non-refined hypothesis.
Try others Business Models on your idea;
3. Test: Get out of the building and validate each one of your building blocks;
4. Reformulate: The Business Model is not a static tool. Your learnings must be incorporated.
Look for continuous innovation and improvement.
Important final notes:
o Sometimes, the innovation is in the Business Model and not in the product or service;
o The Business Model might make the difference between failing and succeeding – Remember
Nespresso!
Recommended book: