31 Startup Business Models You Must Know (With Brand Examples)

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• Create Date June 19, 2023
• Last Updated June 19, 2023

How to choose the best model for your startup?

One of the sure ways to validate your startup is with a working business model. It proves that there is a valid connection between your clients and your business.

The business model answers the questions:

1. Who buys your products? And why?
2. Where do customers buy your products?
3.  How much does the customer pay for the product/service?

So before choosing the model, ask yourself:

1. Who is my customer?
2. What’s the domain of my business?
3. How is my business different from the competitors?
4. What value do I bring to my customers?

Here are some tips for finding the right business model(s) for you:

1. Don’t be afraid to experiment and iterate.
2. You can have more than one business model.
3. Analyze your competitors and how they monetize.
4. Use a business model canvas to get a clear picture.
5. Gather analytics of business models and client segments.
6. Optimize for the clients that have the most future lifetime value.

Find out which business model works best for your product in this download