What does the business model look like?

and Are you responsible for providing a service, shipping a product or offering consulting? In the case of Ticketbis, an online ticket exchange marketplace, key business processes include marketing and product delivery management.

It aims to accelerate the advent of sustainable transport by bringing compelling mass market electric cars to the market.

Secret Sauce: By offering a wide range of high quality services Tesla makes the use of an electric car easy and uncomplicated.

This positive experience leads to the fact that 9 out of 10 customers would recommend their Tesla car. In order to enhance further growth, Tesla invests heavily in their infrastructure.

6. Wikipedia
Wikipedia is a free Internet encyclopedia which helps to improve common knowledge. It allows its users to edit almost any article accessible.

It is the largest and most popular general reference work on the Internet and is ranked among the ten most popular websites.

Secret Sauce: The company is able to motivate a large community to participate on the project without offering financial benefits.

With the contribution of the online community, Wikipedia ensures the quality of the articles.

7. Zara
Zara is a Spanish clothing and accessories retailer. It is one of the world’s largest international fashion companies.

Secret Sauce: Zara produces where it sells. It utilizes a very tight supply chain from initial design through to final production.

How will your company stand out among the competition? D

This allows the company adapt to new fashion trends and ideas within two weeks. As a result, short lead times for new products and fast replenishes of sold-out merchandise, are being made possible.

Do you provide an innovative service, revolutionary product or a new twist on an old favorite?

Establishing exactly what your business offers and why it’s better than competitors is the beginning of a strong value proposition

8. Local Motors
Local Motors is an American motor vehicle manufacturing company focused on low-volume manufacturing of open-source motor vehicle designs using multiple micro factories.

. Once you’ve got a few value propositions defined, link each one to a service or product delivery system to determine how you will remain valuable to customers over time.

Secret Sauce: Local motors searches for new and forward-looking problems of whole industries and solves them in a much faster way and with lower development costs than traditional companies with the contribution of a large online community.

No business can function properly (let alone reach established goals) without key partners that contribute to the business’s ability to serve customers.

9. Easybank
Easy Bank is the second largest direct bank in Austria.

Secret Sauce: Easy Bank offers a wide range of financial products via online banking and without a branch network.

When creating a business model, select key partners, like suppliers, strategic alliances or advertising partners.

By keeping the infrastructure costs to a minimum, the bank is able to offer services without transaction and account fees.

Using the previous example of Home Depot, key business partners may be lumber suppliers, parts wholesalers and logistics companies.

10. Red Bulletin
is a lifestyle magazine that features breathtaking sports, culture, music, nightlife, entrepreneurship and lifestyle stories.

The focus of the magazine is to press further ahead with establishing the Red Bull brand around the world.