The main economic models of business administration

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A common situation faced by any entrepreneur is establishing the economic model that he or she will implement before launching his or her business. Nowadays, it is not enough to implement the most traditional ones in which variables such as costs, income and profits come into play.

With the advent of e-commerce, the increasing fragmentation of consumers and the increase in competition , new ones have been developed with the aim of getting the most out of any type of business . For this reason, today we want to show you the main ones that are applied within the business sector.

The main economic models of business administration
You may also be interested in: "Three business models to launch your idea to the market"

As-a-service
A model that puts the relevance of existing companies on the table thanks to digitalisation and cloud storage. It is a form of business that seeks profit by offering complete and permanent software services through the network, including both maintenance and renewal.

The multi-sided model
The main characteristic that distinguishes it is the involvement australia number data of two or more consumer sectors with different characteristics, but which, in turn, are related and must interact to provide mutual benefits. It can be said that both are the supply and demand of the other , with the company being the intermediary. For example, Google applies this type of model: companies and users who search for information are two different customer segments, in which some pay to provide information so that others can search for it and vice versa.

Peer to peer
Currently, and more than ever, this form of business is booming . It consists of putting different individuals in contact with each other so that they can establish some kind of exchange with the aim of obtaining money. We can see this in multiple business examples, such as well-known platforms such as: Vinted , Wallapop or Idealista . If you have in mind to be the meeting point between the supply and demand of a product or service, you can obtain more information about this new form of management by visiting this link .

Whether or not you have an idea for your business yet, planning the model on which it will be based is essential . If you take note of what we have shown you and apply them appropriately, your business strategy will probably be much more beneficial.