Check out some examples of innovative business models too
Posted: Wed Dec 04, 2024 6:34 am
To achieve this, a real deployment of not only offices and branches is necessary, but also trained personnel. The organizational structure is so broad that it does not even require direct supervision by management.
It involves a complex and optimized sales system, which generates independent and israel whatsapp mobile phone number list efficient production in each of its branches. Its profitability is as broad as it is effective, so controls are more thorough.
When we talk about Business Models , it is common to think that once we find the right one for us, we will stick with it forever. And although many would consider this ideal, the reality is very different.
Changes in marketing models and new consumer needs have forced many companies to rethink their businesses in order to stay afloat.
At this point, it is not just about maintaining sales, but also about being at the forefront of the market and our sector.
Companies like IBM and Gillette knew how to make a timely change in their business model . And, thanks to this, they were able to improve their profits and their stability in the market.
It doesn't matter if it's due to a change in the sector's environment or just to reinvent the company. Having a change in Business Model is not the end of the world. It's an opportunity to innovate and take a step ahead of competitors.
There are currently a wide variety of innovative Business Model styles that are setting the pace in various markets. Here we tell you a little about them:
Long Tail Business Model
The term Long Tail business was first used in 2004. It is based on the fact that, previously, global buyers only purchased approximately 20% of the market's product offering.
This caused companies to modify their production in order to only produce the products that sold the most, leaving aside many others that only generated monetary losses for the company.
The high costs of production, storage and distribution of these unpopular products meant that companies no longer wanted to sell them. And this only increased the supremacy of this 20% of popular products.
With the arrival of the Internet and a more varied dissemination of product offerings, long-tail businesses emerged. These consist of selling a large number of products with low demand, but which still generate profits due to the high number of transactions .
One of the best examples we can see of long-tail businesses are app stores like Google Play, iTunes or even Amazon. Where things are sold that are not necessarily bought by many people, but the large number of transactions generates the profit.
Tied or Bait and Hook Products
The Bait and Hook Business Model or bundled products, consists of offering consumers a product at a “gift price”. This is then linked to the purchase of another more expensive product where the investment can be recovered.
One of the best ways to increase sales of a product or service is to sponsor it through a special offer or promotion. That is why this type of business model is so popular and efficient.
It involves a complex and optimized sales system, which generates independent and israel whatsapp mobile phone number list efficient production in each of its branches. Its profitability is as broad as it is effective, so controls are more thorough.
When we talk about Business Models , it is common to think that once we find the right one for us, we will stick with it forever. And although many would consider this ideal, the reality is very different.
Changes in marketing models and new consumer needs have forced many companies to rethink their businesses in order to stay afloat.
At this point, it is not just about maintaining sales, but also about being at the forefront of the market and our sector.
Companies like IBM and Gillette knew how to make a timely change in their business model . And, thanks to this, they were able to improve their profits and their stability in the market.
It doesn't matter if it's due to a change in the sector's environment or just to reinvent the company. Having a change in Business Model is not the end of the world. It's an opportunity to innovate and take a step ahead of competitors.
There are currently a wide variety of innovative Business Model styles that are setting the pace in various markets. Here we tell you a little about them:
Long Tail Business Model
The term Long Tail business was first used in 2004. It is based on the fact that, previously, global buyers only purchased approximately 20% of the market's product offering.
This caused companies to modify their production in order to only produce the products that sold the most, leaving aside many others that only generated monetary losses for the company.
The high costs of production, storage and distribution of these unpopular products meant that companies no longer wanted to sell them. And this only increased the supremacy of this 20% of popular products.
With the arrival of the Internet and a more varied dissemination of product offerings, long-tail businesses emerged. These consist of selling a large number of products with low demand, but which still generate profits due to the high number of transactions .
One of the best examples we can see of long-tail businesses are app stores like Google Play, iTunes or even Amazon. Where things are sold that are not necessarily bought by many people, but the large number of transactions generates the profit.
Tied or Bait and Hook Products
The Bait and Hook Business Model or bundled products, consists of offering consumers a product at a “gift price”. This is then linked to the purchase of another more expensive product where the investment can be recovered.
One of the best ways to increase sales of a product or service is to sponsor it through a special offer or promotion. That is why this type of business model is so popular and efficient.