Terms
Model used by companies that provide their services for free and sell advertisement space to fund their businesses.
Advertisement Model
How a company sells its products to customers and its plan for making a profit.
Business Model
Makes finished products from raw materials
Manufacturer
What is a Brick and Mortar
Any store with an actual storefront.
Mr. Curtis is walking around neighborhoods selling solar panels. What is this business model.
Direct Sales
Data is everywhere due to the explosion of the internet. These companies sell or license the data they collect as a form of revenue.
Data Licensing / Data Selling
A roadmap of the business’s overall objectives, and the strategy and details of how those objectives will be achieved.
Business Plan
Buys products from manufacturers and resells them either to wholesalers, retailers, or the public.
Distributor
Subscription
What is an example of Business to Consumer through Ecommerce
Amazon
A business model where the merchant sells products from its web store but doesn’t keep an inventory or handle the fulfillment and shipping of the product
Dropshipping Model
Selling your product directly to your customers, the end user, without third-party retailers, wholesalers, or other middlemen.
Direct to Consumer (D2C):
Buys large quantities of products from manufacturers or distributors, warehouses or stores them, and then resells them to retailers
Wholesale
What is Online MarketPlace and give an example
Collects a fee or commission per transaction for enabling suppliers to compete against each other for customers on one platform and Amazon is an example
What is an Example of Consumer to Consumer
Ebay, Facebook Market, Letgo, Offerup, Craiglist
Collects small amounts of capital from a large number of individuals to finance a new business venture or various other needs or projects.
Crowdfunding Model
Classic internet model and used by all sorts of companies to attract new customers. A company will offer some basic services for free, and then charge money for certain additional features.
Freemium
Allows a person or small business, to start a business by legally using the brand,
Franchise
What is a model that allows everyone to EAT!?!?!?
Franchise
An example of Crowdsourcing is?
Content creators uploading videos based on trends.
Individuals make commissions selling goods and services directly and make commissions from sales made by their network of recruited distributors.
Multilevel Marketing MLM
These companies provide a way for customers to buy products at their bricks-and-mortar stores, but also online. Or you could order products online and pick them up from the actual bricks-and-mortar stores.
Bricks and Clicks
Collects information on goods and/or services from competing sources and collects a fee or commission per transaction for selling the aggregated products through its own platform
Aggregator
What is a Raw Material
Anything that comes from the earth. It's NATURAL
An Example of an "Agency" business model would be
Insurance company, lawfirm, investors.