Amazon currently sits at the throne of ecommerce. A business that started in the garage of Jeff Bezos is now worth over $110 billion. Jeff started selling books online when he started his venture. Now, Amazon has expanded its operations into many sectors. From online retail to streaming services, Amazon does it all. Today, we are going to tell you how Jeff Bezos made billions of dollars with the Amazon ...
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ReCommerce business model is the latest buzzword in the e-commerce platform. The e-commerce platform is rapidly changing, and ReCommerce is the latest innovation. For those who are unaware of this new term, ReCommerce is an e-commerce platform that is developed to sell old and refurbished goods. This business model is also known as reverse commerce and reverse marketplace. A lot of companies have now adopted this business model. Companies buy obsolete products from the market ...
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Oyo Rooms business model is the innovation of Ritesh Agarwal. Ritesh founded Oyo Rooms in 2013 and it is currently one of the largest hotel chains in India. Moreover, Oyo Rooms hold the rank for being the third largest and quickest growing hospitality chain of leased hotels and living spaces. After its inception in 2013, Oyo initially offered only budget hotels. However, with time, Oyo expanded and is now currently offering more than 35,000 exclusive hotels. ...
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WhatsApp was the brain child of Brian Acton and Jan Koum who brought their idea to life in 2009. The instant messaging application that we know today was very different back in the day. It was initially started as an application to put up current status. The application was then rebooted as WhatsApp 2.0. It was reintroduced as an instant messaging app. This IM application took off and is currently one of the ...
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Aggregator business model has taken the world by storm. You can look around yourself and find multiple companies that use this model. Notable companies that employ this business model include Uber, Lyft, Airbnb, Foodpanda, MakeMyTrip etc. This business model has caused significant disruption in all industries. This model picks up an unorganized sector and offers a certain service under one banner. For example, Uber has transformed the public transit system under their banner. Definition ...
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Snapchat and the Snapchat Business Model is no new name to the social media world. The application was built by Evan Spiegel, Bobby Murphy, and Reggie Brown when they were attending Stanford University in 2011. An app made in the dorms of Stanford kicked off and it is now one of the most famous social media applications. On Snapchat, you can send images and videos to your friends. You can also ...
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With the likes of Amazon and Uber dominating their targeted niches, everyone has been wondering how these giants have been able to profit from their business models. These companies are known to be pioneers in their respective categories. Everyone wants to know the secret behind their massive success. Their massive success lies in the business model they follow. Amazon uses the Marketplace business model, while Uber uses the Aggregator business model. In this article, we are ...
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It is mind boggling how Paytm affords to pay so much money in cashbacks to their clients. For a company to sustain itself, they need to make profits. So, how does Paytm business model make profit so that the company is afloat and growing? We dive into the gritty details to learn about the cogs responsible for the business model of Paytm. Paytm Business Model: what is it? Paytm started out in India ...
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