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The Freemium model: In this model, a company offers a basic version of its product or service for free, but charges for additional features or access. This model is commonly used in the software and app industry, where users can try the product before committing to a purchase. Linkedin, Spotify & Canva are well raised examples.
The Subscription model: In this model, a company charges customers a recurring fee for access to its product or service. This model is commonly used in the media, entertainment, and software industries, where customers pay a monthly or annual fee to access content or use the service. Ex- Netflix, Amazon Prime & Dollar Shave Club.
The Platform model: In this model, a company creates a digital platform that connects buyers and sellers, allowing them to transact with each other. UBER is a platform that connects drivers with passengers, Airbnb connects hosts with guests. Fiverr provides with freelancing opportunities.
The Sharing economy model: This model is also called Collaborative Consumption, it allows individuals to share resources or assets, such as cars, homes, or tools, rather than owning them.
The sharing economy allows for more efficient use of resources and can often result in cost savings for consumers. Companies like Ola, Airbnb, and Furlenco are examples of this model.
Pay-per-use: The pay-per-use model is a business model in which customers are charged based on their usage of a product or service, rather than paying a flat fee or subscription. This model is also called Pay-As-You-Go or Pay-Per-Transaction. For example, a customer might pay for each unit of electricity they use. Jugnoo, Adobe & Azure are Common Examples.
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