What does the business model look like?

Hello

hello

1. Airbnb
2. Alibaba
3. Hilti
4. IKEA
5. Tesla
6. Wikipedia
7. Zara
8. Local Motors
9. Easybank
10. Red Bulletin

How to design good business models
All of these companies have realized their customer needs and are putting their pains in the center of their focus. It’s key to have a good knowledge of your customers to build a successful business.

Cet article est vraiment bon. C'est très utile et instructif pour le nouvel homme d'affaires. Merci d'avoir partagé un article intéressant. Bien joué!

Secret Sauce: The biggest accommodation provider in the world does not own a single room. Airbnb does not rent the accommodation from the host but conveys only between supply and demand.

Their business model builds on the share economy and on the strong believe that house owners are willing to rent out free space to strangers.

2. Alibaba
Alibaba Group is the largest (online) retail company in the world.

Secret Sauce: Alibaba Group has no inventory. Long tail competitors like Amazon buy merchandise and sell these to their customers by using their own infrastructure. Alibaba`s main focus is to connect buyers with sellers.

Momentarily, it mainly relies on bringing together Chinese sellers with buyers around the world. The value of Alibaba lies in the software interface, not in the products.

3. Hilti
Hilti is a Liechtenstein multinational company that develops, manufactures and markets products for construction, maintenance, and mining industries, primarily to the professional end-user.

Secret Sauce: Hilti has disrupted the market by shifting from a purchase to a transaction/rental based business model.

They realized that their customers’ need is not to own a reliable tool rather than having the right tool at the right time.

Targeting a wide audience won’t allow your business to hone in on customers who truly need and want your product or service

They are handling the maintenance of the tools and their customers simply rent their tools whenever they need it.

Instead, when creating your business model, narrow your audience down to two or three detailed buyer personas

Thus, their customers don’t have to have every single tool they would possibly need in their stock.

Outline each persona’s demographics, common challenges and the solutions your company will offer.

4. IKEA
IKEA is not only our first source of candles and a reason for a quarrel on a Saturday afternoon. It’s also a group of companies that designs and sells ready-to-assemble furniture appliances and home accessories.

As an example, Home Depot might appeal to everyone or carry a product the average person needs, but the company’s primary target market is homeowners and builders.

Secret Sauce: Its business model includes global sourcing of components, accessible suburban stores,

Before your business can go live, you need to have an understanding of the activities required to make your business model work.

Determine key business activities by first identifying the core aspect of your business’s offering.

quality products with sophisticated European design at low cost, and in-store amenities, such as coffee shops, restaurants, and day-care facilities.

5. Tesla
Tesla Motors, Inc. is an American automotive and energy storage company that designs, manufactures, and sells electric cars, electric vehicle powertrain components, and battery products.