3 Proven Business Models With High Success Rates

The Wall Street Journal recently reported that Amazon’s customer satisfaction has fallen sharply.

But Amazon continues to rival Walmart as one of the world’s largest retailers.

So, why does everyone still buy from Amazon?

Because when you buy from Amazon, you’re paying for that 2-day front-door shipping convenience, not necessarily the best quality product or best client service on the market.

So, what is Amazon’s business model?

Be the most convenient option at a reasonably low price.

If you thought that was not that revolutionary, you’re right.

In fact, no business model out there is that revolutionary.

The basics of all businesses go back to a few models:

1. Premium option (quality, level of service, etc.)
2. Compete on price
3. Middle man for someone doing one of these (reseller)

Whichever you pick, don’t get stuck between 1 and 2, as competition for being the cheapest option in town is fierce, and you’ll work with thin margins.

If you can find an opportunity to become a channel partner, growth opportunities abound.

Any other essential models you can think of?