🚀 What’s your business model?
Here are some examples of business models in the tech space, each having different metrics you should be tracking.
🔸 Enterprise
You sell your software to other businesses on a single-license basis. These contracts have fixed terms and designated contract values.
🔸 SaaS
Here you’re selling cloud software-as-a-service through a subscription model (could be annual or monthly terms).
🔸 Usage-based
You’re billing your customer based on their usage of your product or service over a given period.
🔸 Subscription
A subscription company sells a product or service, usually to a consumer, on a recurring basis (monthly or annually).
🔸 Transactional
You collect a fee for enabling a financial transaction on behalf of a customer.
🔸 Marketplace
With a marketplace, you collect a percentage of the total transaction value in the sale of a good or service that goes through your intermediary platform.
🔸 E-Commerce
An e-commerce company sells physical goods online.
🔸 Advertising
An advertising company offers a free service to consumers and derives revenue entirely, or predominantly, from advertisers. Common advertising companies include social networks, content sites, and publishers.
🔸 Hardware
You sell physical devices to consumers or businesses.
Improve your life ♻️
PGF500 Team
===