Business Models That Will Inspire You
Innovative business models are changing the world as we know it. Airbnb is the biggest accommodation provider worldwide without owning a single room, Uber is the biggest cab company without owning a single cab and Alibaba is the biggest retailer with no stock at all.
Business Models That Will Inspire You
- 1. AirBnB
- 2. IKEA
- 3. Alibaba
- 4. Testa
- 5. Zara
- 6. Wikipedia
- 7. Hilti
1. AirBnB
The world's largest accommodation provider does not own a single room. Airbnb does not rent the space from the host, but rather connects supply and demand. Their business concept is based on the sharing economy and the assumption that homeowners will rent out free space to strangers.
2. IKEA
Its business approach combines worldwide component sourcing, convenient suburban locations, high-quality, low-cost products with elegant European design, and in-store services like coffee shops, restaurants, and day-care centres. The motto that they carry - DIY!
3. Alibaba
Alibaba Group does not have any inventory. The major goal is to bring customers and merchants together. At the moment, it mostly relies on connecting Chinese suppliers with customers all around the world. Alibaba's value is in its software interface, not in its products.
4. Testa
Tesla makes driving an electric car simple and convenient by providing a wide range of high-quality services. Because of their great experience, 9 out of 10 Tesla consumers would suggest their vehicle. Tesla spends extensively in its infrastructure in order to boost future growth.
5. Zara
produces where and when it sells. From basic design to final production, it uses a highly tight supply chain. This helps the organisation to quickly react to new fashion trends and concepts. As a result, short lead times for new products are achievable, as are quick replenishments of sold-out inventory.
6. Wikipedia
Without introducing cash incentives, the company is able to persuade a huge population to participate in the initiative. Wikipedia ensures the quality of the articles by relying on the contributions of the online community!
7. Hilti
By switching from a buy to a transaction/rental-based business model, HiIti has disrupted the market. They discovered that what their clients really want is to have the correct tool at the right time, not just own a reliable instrument. They take care of the tool upkeep, and their customers merely rent the tools when they need them.