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