BUS_313_1__1_.docx Business Models BUS 313 Business Models A business model in simpl

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BUS_313_1__1_.docx Business Models BUS 313 Business Models A business model in simple terms is basically how a particular business makes its money. Advertising-based is one of the most common bu... siness models used widely. Earlier on, most advertisements were done through printing banners or any other materials, but with the rising technology in the world, it has become more of an online model. The advertising-based model is aimed at showing the viewers or readers what a certain business deals with and marketing its services or products. Another business model is freemium; here, one gives away part of their business for free but then charges for other premium features. A good example would be an application that edits photos, whereby some of the presets are free since they are basic, but the others are charged because they are more advanced. Lastly is the subscription model in which the client pays to enjoy the services of ones business. In this case, Netflix is the best example, as it is an application in which one has to subscribe to watch the movies. Among the three mentioned business models, the advertising-based model would be the best for a small courier business. There are various reasons why this is the best model, but the most significant reason is that an advertising-based model will help a small courier business to reach many customers and effectively compete with the large courier businesses as long as the business offers incredible services. Advertising offers a fairground for . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . . [Show More]

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