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In your opinion, what are the best business models?

xuanhxuanh subscriber Posts: 2 Member
In your opinion, what are the best business models?
I'm so curious


  • ItsSherryTeeItsSherryTee subscriber Posts: 20 Bronze Level Member
    edited November 2017
    In general, business model &/or income model selection is dependent upon a specific application. I'm not quite clear on what your goal is for your question or its premise.

    Anytime that you can maximize/optimize leverage (human & technological), you're at least heading in the right direction. 
  • Gregory101Gregory101 subscriber Posts: 51 Bronze Level Member


    The founder (Amancio Ortega) is said to be the most hated man in the fashion industry. Here’s why:

    Zara’s original mission derived from Ortega’s job in an exclusive fashion store in Spain. While he was working there he started copying clothes from exclusive brands and sold them from door to door. Even today, that’s Zara’s strategy. They “copy” other designers’ clothes and while these designers have to wait about a month to get the designs in store, Zara mass produces them in Asia and gets them in the stores after only two weeks. In other words, they copy the designs of the big brands (Dior, Givenchy,…) and sell them way earlier. In that way they have expensive looking but cheaper clothes and they remain up to date with the newest trends.

    However, that’s not everything!

    Zara's strategy involves stocking very little and updating collections very often. Instead of other brands that only update once a season, Zara restocks with new designs twice a week! This encourages customers to come back to the store often. It also means that if the shopper wants to buy something, he or she feels that they have to purchase on the spot to guarantee it won't sell out. And thus, these guys are always one step ahead.

    Consider them the Goldman Sachs of fashion: Not very ethical, but it works.

  • AenimaAenima subscriber Posts: 13 Bronze Level Member
    It really depends on the certain sphere where you business belongs. And yeah, you can change them thorugh time, the best one is that type which is the most effective for your current business period.
  • McCandlessMcCandless subscriber Posts: 52 Bronze Level Member

    The best kind of business model is anything that allows you to earn money while you sleep.

    If your business was mowing lawns, the only way you would be able to make more money would be to mow more lawns. The problem is you can only mow so many lawns in a day. Once you’re mowing 10 or so lawns a day you’ll need to hire help, and you’re only earning money when a lawn is being mowed.

    Every person you hire adds quite a bit of complexity to your business, and in order to keep growing you’ll need to keep hiring more people.

  • PZagottiPZagotti subscriber Posts: 23 Bronze Level Member

    There are so many different angles on this question.

    1.  Different industries have rules that effects how is run.  Law firms and accounting firms have rules promulgated by the state that effects how an entity can market to the public and interact with its clients.  So it depends in part on what industry you will be operating in.

    2.  Different industries have different rules based on their economic realities.  Oil and gas companies are notorious for high pay.  The reason for the high pay is because of the tendency in the industry for layoffs.  So the companies have to pay more to get people to go to work for a company that will probably lay them off in 5 years.

    3.  Your personal comfort level and understanding play a role too.  Trying to run a business using a business model  you do not understand or have no faith in will result in sleepless night and possible mistakes. 

    Finally business models are made to be broken.  Some of the most successful companies break the models and rethink the industry they produce in.  With that said for every successful business that rethought how an industry should operate there are tons of other businesses that had really great ideas and failed.  In many cases following the prescribed models used in the industry would have achieved better results.

    Phillip Zagotti
    Zagotti & Burdette CPA, LLC
  • saravanansaravanan subscriber Posts: 389 Silver Level Member
    In my opinion, the best business model is one that is based on the internet and uses an email service provider (ESP) to automatically send customers down a sales funnel.
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