You have a lot of choices to make when starting a business. Outside of the product you choose to sell or your marketing strategy, one of your biggest decisions is what business model to pursue.
Ahead, get a high-level breakdown of 14 major business model choices so you can make the best decisions right from the beginning.
It’s important to understand each of these methods in order to make the right choice for your small business. There are pros and cons to each business model and, depending on your product, market, and cost structure, one may be more suitable for you and your business than the others.
What is an ecommerce business model?
An ecommerce business model is a company’s core framework for operating profitably and providing value for customers. Features of an effective ecommerce business model explain the customer value proposition and pricing strategy. The model…
