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Maniraj N G
Marketing & Systems ... • 2m
What is a Revenue Model? A revenue model is the game plan for making money in your business. It outlines how your company generates income through its products, services, or other offerings. In simple terms, it’s the strategy behind your earnings. There are several popular types of revenue models, including: 1️⃣ Subscription Model: Think Netflix or Spotify – recurring revenue. 2️⃣ Product Sales: Selling physical or digital products, like e-commerce. 3️⃣ Service Fees: Charging for expertise or services, like consulting. 4️⃣ Advertising Model: Platforms like YouTube monetize through ads. 5️⃣ Freemium Model: Offer a free version and charge for premium features – hello, Canva! 6️⃣ Commission Model: Acting as a middleman and earning a cut, like Uber or Amazon. But here’s the catch – your revenue model isn’t just about how you earn; it’s also about how sustainable and scalable that earning is. Why is it Important? It defines how your business survives and thrives.
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