It is an inescapable fact that the model of your business will go a long way to predicting the success of your enterprise. To be a viable entity not only today but in the months, years and decades to come will require an operation that incorporates the consumer habits of those communities you seek to engage.
What was standard practice only a few years ago has since transitioned to a new interpretation with fresh technologies evolving our understanding as a collective. The commerce field has been forced to adapt their modes of operation as a result and this is where we will discuss and analyze the merits of the best models that are circulating in 2018.
Subscription Model
Subscription services are all the rage in 2018 and given the boom in mobile devices and smartphone technologies, this is the model of the future as well as the present. From brands like Netflix and Amazon, having a product that requires a subscription service enables you to cater to different levels of investment. The value for the business is for recurring sales and allows for enterprises to be a standout proposition for partners and sponsors.
Franchise Model
Local retail outlets have been a proven entity for centuries and in 2018, there is the possibility to sell off than property to other entrepreneurs around the globe. A successful franchise requires other business owners to buy into the concept and to carry out their own vision for the brand, whether that is in the same city, the same state or the same country. The key to this venture is the leasing or owning of land, something that defined the boom of McDonalds during the 1950s and 60s fast food era.
Shared Economy Model
Considering how the likes of Uber and Airbnb have swooped in to alter the commerce landscape, there is no doubt that the shared economy is an ideal method to gearing your startup business. There are few regulations in 2018 to limit scope and potential and a low barrier of entry for clients who are seeking value for money. Add to this a degree of convenience and adaptability to different market segments across the country, and there is little downside other than to burden much of the modeling yourself.
On-Demand Model
The need for consumers to have a product or service delivered instantaneously is growing as society has become less patient. An on-demand model that allows for the customer to press a button, click a link or make a call and receive the product/service right then and there is a major asset to have other alternative models. Costs can be scaled according to levels or orders and so long as the infrastructure is there to support the systemization, then it is an efficient process from top to bottom.