What are the different types of business models and how do they make money?

[dhruv.dhananjay]

Hey all, I have seen a lot of different models such as SaaS, ecommerce, web developing, newsletter, and copywriting. I've dug through those threads but could never really find out how some of these business models really work. I would appreciate it if I could learn about them here, and if maybe I can use one of them for a business I will build.

Thank You!

 

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[Strm]

I think if you google these topics, you will find tons of answers.

Long story short - offer value and get money for it. Copywriting - you are good with words and other people are not. They will use your service for maybe something like business purposes, product texts, copy for website, blog etc.

E-commerce. You sell products for higher price than you sourced them. That's the easiest way to put it.

Business is literally offering something to someone, who gets value out of it and then you get paid for it.

 

[yashdutt]

Hey all, I have seen a lot of different models such as SaaS, ecommerce, web developing, newsletter, and copywriting. I've dug through those threads but could never really find out how some of these business models really work. I would appreciate it if I could learn about them here, and if maybe I can use one of them for a business I will build.

Thank You!

I asked the a similar question on the forum and here's what MJ had to say about it and this is absolutely right according to me:

My question:
Hey. I'm 18 years old and I read in TMF that the execution matters more than the idea, but I need a base to start the execution. Can you all please present some of the options which you think are good?


MJ's Answer:
Are you sure entrepreneurship is for you? This type of question (and request for hand-holding) is indicative of a big problem. If you expect someone to literally give you the idea for a business as permission and validation to get started, you'll find this career and lifestyle impossible to navigate.

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I personally believe that you gotta do your own research and find out what the society needs and what people will give you money for. I am doing my research rn too.

Here's one of MJ's tools to rate your business idea according to CENTS

Grade My Business Idea: Business Ideas and Opportunities Rated Fast

Grade My Business Idea: Rate your business idea and discover its potential for massive marketplace success. Is your business idea worth pursuing? Or should it be forgotten? Based on the CENTS Framework authored by entrepreneur and best selling author, MJ DeMarco.

www.grademybusinessidea.com

 

[dhruv.dhananjay]

I asked the a similar question on the forum and here's what MJ had to say about it and this is absolutely right according to me:

My question:
Hey. I'm 18 years old and I read in TMF that the execution matters more than the idea, but I need a base to start the execution. Can you all please present some of the options which you think are good?


MJ's Answer:
Are you sure entrepreneurship is for you? This type of question (and request for hand-holding) is indicative of a big problem. If you expect someone to literally give you the idea for a business as permission and validation to get started, you'll find this career and lifestyle impossible to navigate.

.
.
.

I personally believe that you gotta do your own research and find out what the society needs and what people will give you money for. I am doing my research rn too.

Here's one of MJ's tools to rate your business idea according to CENTS

Grade My Business Idea: Business Ideas and Opportunities Rated Fast

Grade My Business Idea: Rate your business idea and discover its potential for massive marketplace success. Is your business idea worth pursuing? Or should it be forgotten? Based on the CENTS Framework authored by entrepreneur and best selling author, MJ DeMarco.

www.grademybusinessidea.com

I understand what you mean. It makes it sound like you want to do entrepreneurship but ask a multi-millionaire to build your business for you, or something along the lines of that. Thank you for your feedback to my question, as I have learned what I should do next. Have a good day!

 

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