As technology advances and the internet becoming a basic need, digitization is becoming a norm. Everything is moving to the virtual world. Businesses are not exceptional. In this era, e-commerce is the new way of generating revenue in your business. You need to sell your products or service through the virtual space. However, unlike in …
Wholesaling and Warehousing Business Model: How it Works? READ MORE
As an entrepreneur, building your brand is paramount. You have a desire to have your name on every item you sell in your store. However, it is hard to manufacture everything your customers need. Doing so would require a huge investment in establishing each manufacturing line. For instance, if you deal with food items, you …
In business, you need to develop products and services to meet customers’ needs. You can consider selling other companies’ products. However, this approach has many limitations. First, the owners decide the design, packaging, and feature of their products. They can also decide to terminate it. Such action will mean that you will be out of …
Private Labeling and Manufacturing Business Model: How it Works READ MORE
The desire of every business is profit maximization. As an entrepreneur, you want to retain every coin you generate from your business. This desire is high when you are in the manufacturing business. Your wish would be to sell your products to the customers directly. For a long, this has been a challenge. You had …
D2C – Direct To Consumer Business Model and How It Works READ MORE
If you are not new to the business world, you are familiar with the word broker. You have ever bought a product or service through one. Whether it is on the internet or physical sales, you will find a broker offering you a product or service. Brokerage is one of the many business models that …
Are you looking on to make money online? When you approach many established online gurus, the first idea they will share with you is starting an affiliate business. Affiliate marketing is a place where many webpreneurs start. This model enables them to make a passive income providing them with the cash to invest in other …
Every business thrives in having recurring sales. As an entrepreneur, you need to make continuous sales to remain in business. For this reason, you develop a marketing model that enables you to acquire customers. Your model enables you to win customers and make sales. However, your business will be sustainable if you have a customer …
Online business is the new norm in the 21st century. As an entrepreneur with success as your ultimate goal, you do not have an alternative other than launching an online store. You need to venture into e-commerce to grow your revenue and sales. However, your success will rely on the business model you will consider. …
Walmart is a household name in the USA and many other parts of the world. Well-known for its retail store chain, Walmart is the world’s leading retail corporation. Its main competitors, such as Tesco, Kroger, Costco, Alibaba don’t even come close to its popularity and business. One of the reasons why Walmart is so successful …
Many entrepreneurs around the world have the best ideas when it comes to starting a new business. However, they fail to put these ideas into work properly. Some end up creating their own startup, but when they realize things are going as expected, they can’t improve on their existing ideas or plans. The best way …
Business Model Canvas: A Great Tools for an Innovative Business Model Design READ MORE
