Four Elements: Thinking About Business Models

My favorite writer Seth godin posted about “Thinking about business models”. I just expecting such types of posts or contents and seth just in time posted to his blog site.

Here, A business model is the architecture of a business or project. It has four elements:

  1. What compelling reason exists for people to give you money? (or votes or donations)
  2. How do you acquire what you’re selling for less than it costs to sell it?
  3. What structural insulation do you have from relentless commoditization and a price war?
  4. How will strangers find out about the business and decide to become customers?

[via Thinking about business models]

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