Skip to main content

How business models can fulfill different business requirements?

By Anonymous











  


In the previous blog we discussed the various types of business models that are available but did you know that apart from those business models, there are additional versions or add-ons that can be added or modified in a business model to meet the business requirements? Yes, any business model can be customized based on the specific industry requirements — this is referred as a disruptive business model. Let's take a few examples to identify the requirements and solutions. Now being a web developer of an ecommerce platform, you need to know this piece of information, just for the simple reason being, that you may have client from various industries, with varied requirements. Knowing this will help you deliver quality products to your clients.

  • A business model may be selling t-shirts or accessories or photo frames, but they want to provide their customers with customized products. Now be it a estore or franchise model this feature can be added on to any of the suitable models. This will make a business unique in itself, thereby, attracting a good amount of people. These products can either be gifts, t-shirts, masks, corporate stationary or anything else that can be customized.
  • For example, there is a shop which sells t-shirts of different sizes and colors. Now the product type is a lining t-shirt which is available in different sizes such as S, M, L, XL, and XXL. Now these sizes are its variants whereas another shop sells a high quality knife which is only one size, color, and model. That will be a basic version. The basic and variant varieties can be added to any business model.
  • There are some businesses that requires certain preparation time after the order has been placed. You need to specify the date and time that you need that product to be delivered to you. A very common example of this is, a cake shop. Obviously, only after you place an order for a cake and specify the date and time of the occasion, the baker will bake your cake and deliver it you in time for your occasion. Here they have a cutoff time, after which you will be able to place the order that day, but it will only get delivered to you the next day. This version is best suited for any business model related to the food & beverage industry.
  • A really interesting version is the one that goes with real-time which is mostly used in the industry we all have our eyes on…. Any guesses? The Gold Jewelry industry. Not just the gold industry, but it can also be used in any industry where prices keep fluctuating with the market value and also other different factors like purity, clarity of gem stones, etc. This additional version will make a business model so much more reliable to deal with high value commodities.
  • There are online stores that don’t sell any products but rather sell services online or offline but it’s booking can be done online. Some common examples can be numerology, astrology, nutrition and dietician, fitness industry, etc. Any business model can be utilized to sell services by using this version.
  • There are businesses that sell a product based on certain calculations. For example a raw wood seller will sell wood to furniture manufacturer based on the size of the wood required that is cost per meter or per square meter. This will require certain calculations to be done in order to quote the total price for the amount of wood the manufacturer requests. This is a calculative version that calculates the price automatically based on pre-defined formulas. This version can also be used in any business models to meet this requirement.
To find out which business model suits your client and how you can make some modifications to that business model, to meet their business requirement, is the first step while planning your project. That will definitely take some time, but knowing what your client requires, gives a web developer that extra boost of confidence. Once you know what they want you just need to start working around that plan. That’s exactly what Storzb does, they have a variety of products revolving around various business models and its versions that can be executed quickly to set up an online store. The best part is that they don’t sell these products to business owners directly, they distribute them through their affiliates and channel partners, who are their registered web developers, advertising agencies, etc. So go check out their website and I will see you next time with my upcoming blog filled with some thought-provoking information.

Comments

Post a Comment

Popular posts from this blog

Top 5 Ecommerce Industries Booming During Covid19 REVEALED

By Anonymous
Covid-19 pandemic has created havoc among different sectors of the industries. Lockdown has caused suspension of a lot of activities including travel, and restrictions on the movement of people and vehicles. This pandemic has majorly impacted the Indian economy. However, many businesses are utilizing this crisis to improve their strategies and business models with advanced and technological driven solutions. They are innovating new ways to generate revenue, that consumers are able to adapt to during this pandemic. At this point, we can say that the future of retail is Online. The solutions invented by these industries will become a new trend in the world even after this pandemic is over. We have come up with a list of industries that have come up with transformations which has allowed them to work through this critical time. Be a pro, get to know these industries, before you step into the market next time. Let’s take a look at this list! 1. Online Education (EdTech) Pandemic has ...
1 comment
Read more

An awesome way to automate communication for E-commerce websites

By
  What if we told you that, one can reduce the transaction processing time from 30-45 mins to 3 mins by automating communication on an E-commerce platform? Interesting right? Read on... In today's digital age, marketing and selling have changed and evolved. A manual process involving calling clients, creating invoices, sending payment receipts, and cancellation, and processing refund can now be automated. The real world is now in online business, where you can connect with customers instantaneously. As a result, marketing agencies are always looking for new ways to grow their businesses, and one of them is by automating communication for their ecommerce clients. What does it mean to Automate the Communication process? Addition of simple pre-integrated tools to an E-commerce site aiding it to send SMS alerts, instant emails, connect with customers while the customer is making his purchase on the portal. Why Automate? Technology has made life instant. With decreasing atte...
Post a Comment
Read more

Top 9 Things to Consider When Choosing an Ecommerce Platform

By Anonymous
If there were any doubts about E-commerce's long-term viability, the Covid-19 incident has put an end to that discussion. Businesses have chosen to go online to survive, now that the virus has hit them so hard. Consumers enjoy online purchasing, since it ensures that they are fully secured, while yet, receiving delivery of what they require at their home. As a result, web designers are in higher demand to create strong e-commerce websites with a user-friendly interface. However, as a web developer, you must employ the proper platform to do it. In this article, we'll go over a few aspects that a web designer should consider, while choosing the right e-commerce platform. 1. Strong Catalog The heart of an e-commerce store's inventory is its product catalogue. You should check to see if the catalogue is simple to update and easy to understand for someone who does not have a lot of technical skills. But, more crucially, a web developer must determine whether the product catalo...
Post a Comment
Read more