Two college roommates at the University of Pennsylvania, Andrew Kortina and Iqram Magdon-Ismail founded Venmo in 2009. Venmo business model began as a text message based payment delivery stem. However, with an aim of capitalizing on the growing P2P economy, it introduced a platform with an integrated social network, three years later in March 2012. …
Music industry has evolved in terms of distribution of latest music. Gone are the days when music was distributed in plastic cassettes or CDs. It was a struggle to carry big music players too. Then came the digital era and the new MP3 players. This led to more compact music players that were easy to …
Spotify Business Model: Music Streaming Made Easy! Read More »
Ever wondered how the insurance companies make money while they still pay huge sums of money to their customers? This question crosses many people’s minds. As of 2017, there were 20 insurance companies in the Forbes 500. Moreover, Berkshire Hathaway was second on the list with a staggering $223, 604 million that year. There are …
Software is an amalgamation of instructions that are fed to a computer to perform respective tasks. In computer science jargon, computer software is the information processed by various computer systems, data and programs. Software has been present ever since we have had computers. A computer is useless without a software. Hence, it is the software …
SAAS Business Model: The Present and Future of Software Read More »
eBay business model started out from the living room of Pierre Omidyar in 1995. Ever since its inception, eBay has grown into one of the pioneers of the marketplace business model. Over the years, they have provided a platform for business-to-consumer and customer-to-customer selling. eBay had humble beginnings as an online auction for collectibles. However, …
Ebay and Craiglist are the two dominant players that tap used but untouched goods in U.S. homes. These used goods have an estimated market of $381 billion. OLX’s co-founder, Alec Oxenford, two year back launched LetGo, a new startup. Its advanced features including geolocation listings and artificial intelligence brought revolution in the technology stagnant market. …
Auctions are as old as the human civilization. Back in the olden days, barter and auctions were the only ways of trading. According to various reports, auctions have been conducted since 500 BC. To put it in perspective, the idea of an auction is more than 2500 years old! However, you might be wondering, what …
DealDash Business Model: How Do They Make Money? Read More »
The Reddit Business Model stands out for being unique. As the CEO of Reddit, Steve Huffman, proclaims that Reddit is the front page of the internet. If the internet was a newspaper, Reddit would be the first page. What does he mean? Let’s dive deeper! Reddit is famous for being an American social news aggregation …
Reddit Business Model: All of Social Media in One Place Read More »
LinkedIn is a social media platform primarily focused on connecting the professionals globally. With over 500 million users across 200 countries, the LinkedIn business model has positioned itself as an employment-oriented service, representing real-world professional relationships. The core features at LinkedIn business model are free but the extended features, both for the recruiters and the …
In today’s age, we have various companies offering similar services. When you have so many options, it is normal to feel indecisive. Business theorists understood this notion. Hence, the freemium business model was introduced. The freemium business model has been present for a very long time. Remember when you go grocery shopping and there are …
Freemium Business Model – Psychological Masterpiece Read More »