Types of Businesses Learn how to create your business 2023

1. Welcome To Telegram Blast Types of Businesses | Learn how to create your business (2023) 20 years ago what we are going to tell you was unimaginable: Having all the series and films you want at your disposal on a single platform; ordering a taxi, monitoring its route and paying for the trip from your mobile phone; or having hundreds of thousands of songs at your fingertips. But due to the emergence of new technologies , new types of businesses have emerged that provide these services and many more. Business models that have been adapted to people's needs. Therefore, if you want to start your own business, you should take into account what models exist today and which one best fits your business idea. This way, you can increase your chances of success. In this post we tell you what a business model is and what types of businesses have emerged as a result of digital transformation .

2. Let's get started! What is a business model? The business model is the tool Telegram bulk message senderwhere you can express your DNA as a company and as an entrepreneur. In other words, it involvesdefining in a document how you are going to create, develop and add value to your business idea . To do this, you must answer a series of questions: What are you going to offer to the market? How are you going to do it? Who will be your target audience? How are you going to sell your products and/or services? What will be your method to generate income? Many experts stress that the idea of a business model should not focus exclusively on how to generate income. According to Javier Megias, an expert in business creation and business models, “the business model is not only about how to make money, but also about who your customers are, how you are going to reach them, what you have to do to deliver your value proposition, what makes you unique, what your cost structure is, etc.; it is a systemic view of your business.” “The business model is not only about how to make money, but also about who your customers are, how you are going to reach them, what you have to do to deliver your value proposition, what makes you unique, what your cost structure is, etc.; it is a systemic view of your business.” Javier Megias – expert in business creation and business models – In short, a business model is a basic document that you must create before starting any project.

3. This document must include all the determining factors for the correct development of the business , and must emphasize the value proposition that you want to provide to your clients, which will be what helps you differentiate yourself and stand out from your competition. How can you create your company's business model from scratch? The business model will be the cornerstone of your company. In addition, with the arrival of digital transformation , we find ourselves at a time when new opportunities are multiplying thanks to the emergence of new technologies. Therefore, it is important that you are well aware of all the advantages that this new digital environment offers you in order to establish the business model that best fits your value proposition.

4. To define it well you can use tools such as the Business Model Canvas , which condenses into nine modules all the factors that you must take into account when developing your business model: 1.Customer segmentation : you need to define the characteristics of your audience. You can include any details about their personality, how they act when buying or what they do for a living. 2.Value proposition : you must be clear about what your customers' needs or problems are. This way, you will be able to know what solution you should offer for that problem. 3.Channels : At this point you must determine how to generate brand awareness, what the purchasing process will be like, and how the product and/or service will be delivered. 4.Relationship with the client : you will have to establish whether the relationship will be direct or indirect. 5.Source of income : You will need to indicate how the income will be generated, for example, whether it will be a one-time payment, a subscription, or a recurring payment, among others. 6.Key resources: At this point, you need to keep in mind what your essential resources are, such as physical, intellectual, human and financial. 7.Key activities : at this point, you must determine which processes will be the most important for the performance of your activity. These activities are linked to the value proposition. 8.Key partners : refers to the ties you will establish with your future suppliers or partners . 9.Cost structure : refers to the costs that will be associated with any operation of your business model. As we have been saying, due to digital transformation, new types of digital business models have emerged.

5. They all share some common patterns. But if there is one thing that defines business models in the digital economy, it is their need to search for and converge new types of models to find the best way to achieve objectives. This is why, although there are several models that currently exist, in most cases entrepreneurs choose to combine several of them . That is to say, there is no single business model for an idea and/or project, but rather it is possible to combine several of them. Therefore, it is not necessary to strictly fit your business into one model or another. But so that you better understand the most widespread new types of business, we will analyze them below. All of them are growing in a more scalable way. Some well-known examples are: Apple, Microsoft, Google, Amazon and Facebook, which are the 5 companies with the highest stock market value in the world, and all of them are characterized by following new digital business models, such as platforms. 1. Types of E-Commerce Businesses It is the first business model that was born on the Internet. It refers to a store that, instead of selling through the physical channel, sells through the online channel. That is, through the web. Within this business model, you can see that there are intermediate models in which the business has a traditional business model with physical stores, and, on the other hand, a digital business with online stores. An example of this is Zara. E-commerce is therefore the evolution of traditional buying and selling . It involves transforming the entire process of distribution, sales, purchasing, marketing and information provision so that it is carried out over the Internet. This trend is becoming established in our country. In fact, according to the “Annual E-Commerce Study 2020” prepared by IAB Spain in collaboration with the marketing agency Elogia, 72% of the Spanish Internet user population between 16 and 70 years old makes purchases online.

6. However, the computer remains the preferred device for online shopping (83%), but year after year, its penetration is decreasing compared to mobile (55%) which is continuously increasing. Some benefits of this business model are: Cost reduction: by not having a physical establishment, staff, services, etc. Full attention and guarantee: since they have contact channels such as chats, emails or telephone so that the customer can rest easy until their order arrives. In addition, most e-commerce sites have a very simple order tracking section and a returns section. There is no time limit : e-commerce stores are open 24 hours a day, 365 days a year. Greater public reach : since they are not physical stores, e-commerce sites reach a much wider audience. Ease of product delivery: thanks to logistics companies. Some examples of online businesses are: Zara or Zappos, among many others. 2. Marketplace It is the business model of the e-commerce giant: Amazon .

7. It is a platform where a merchant can offer his products for purchase by consumers. In this business model concept, an online store chooses to sell products from other stores in order to increase its catalog. A characteristic of this business model is that the offer sets the prices , and all transactions are carried out within the platform. This is a huge advantage for the platform, as it charges a percentage for each transaction. Although in classifieds models, transactions are closed outside, as would be the case with Idealista. Therefore, these types of businesses have to monetize differently: In the case of Idealista: it earns money when a person or company uploads several houses on its platform, since they are considered professionals in the sector, and in that case, they have to pay. In other words, professionals do pay. Some examples of marketplaces are: apart from Amazon, Airbnb, Booking, eBay, Job&Talent, Infojobs, etc. 3. Types of Freemiumbusinesses It is a business model in which most of the services offered are free . However, another part of its services are paid . These paid services are known as Premium or advanced packages– a term that was coined by Fred Wilson , although another of its most acclaimed defenders is Chris Anderson. This digital strategy aims to initially attract a very large number of customers who are attracted because the services are free. Once users have used the platform, they have the option of increasing the services offered by purchasing a Premium or Advanced package, for which they have to pay.

8. These packages are not usually expensive. Rather, they are a kind of micropayment that, when applied to a large number of users, results in high turnover. Therefore, when customers benefit from their services for free, companies that make use of this business model earn revenue from advertising. That is, because they attract a large audience with their free services, all of those people are impacted by advertisers who pay the platform to publish their ads there. Consider that these companies have a lot of information about their users, who also spend a lot of time on the platform or website. That is why advertising companies are interested in advertising there. In conclusion, the key is to attract millions of users, and then monetize them through advertising and fee payments. Some examples of this business model are: Skype, Spotify and Dropbox , among others. 4. Subscriptionmodel

9. This is a business model that is gaining more and more popularity. The subscription model offers access to a service or the acquisition of a product through periodic payments . These payments can be monthly, annual or customized. One of the advantages of this model is the possibility of working with a fixed customer base over a period of time. In other words, the possibility of having a revenue stream, since subscribers pay for the services in advance. Therefore, the CLTV (customer lifetime value) in these types of businesses is very high. Therefore, there is a security component due to the recurrence of sales. Some examples of companies that use this business model are: Netflix, Afeiters, Spotify, HBO, Gamefly, surprise boxes (in the world of fashion, beauty, pets), etc. 5. Types of On-DemandBusinesses The value proposition of this business model is to make your life easier, as it offers you the possibility of hiring services in a much more convenient way. It offers you the complete service, from start to finish. That is, if you want to order a home delivery from your favorite restaurant, you can place both the order and the payment from the platform itself. In this model, companies charge per transaction, since users pay within the platform itself. This model helps attract and retain customers without taking too many risks. In addition, it does not require a large investment. But the biggest challenge it faces is the creation of an ecosystem of alliances, that is, it depends on alliances with other people (employees, in the case of Glovo) or with companies (dry cleaners, in the case of Mr Jeff).

10. This is because the service that customers want to consume must be available, and to do so they must have a sufficient number of alliances. In conclusion, depending on the number of alliances you have, your business will provide more or less value to users. Some examples of this business model are: Cabify, Uber, Mr Jeff, Glovo, Clintu, etc. You now know what a business model is, how to find the one that best suits your business idea, and you also know some of the new types of digital businesses. So, with all the cards on the table, there are no more excuses for not launching into developing your business idea today. From The Power MBA we want to know your opinion Do you think that digital transformation has marked a before and after in the way business models are conceived? We read you in the comments.

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