There are several common business models, including:
- Product-based: The company sells physical products to customers.
- Service-based: The company provides services to customers.
- Subscription-based: The company charges customers a recurring fee for access to a product or service.
- Freemium: The company offers a basic version of a product or service for free, with additional features available for a fee.
- Sharing economy: The company facilitates the sharing of resources or assets between individuals.
- Platform-based: The company operates a platform that connects buyers and sellers or enables transactions between users.
- Franchise: The company allows other businesses to use its brand and operating model in exchange for a franchise fee.
- Advertising-based: The company generates revenue through advertising on its website or platform.
- Access-based: The company charges customers for access to a product or service, such as pay-per-use or pay-per-view.
- Commission-based: The company earns revenue through commissions on sales made by other businesses or individuals.
