What are the two common business models?

Business models can usually be classified into two common types: traditional business models and innovative business models.

Traditional business model refers to the business model that obtains profits through marketing, product differentiation and cost control on the basis of existing business experience and model. For example, the traditional retail model is to sell goods in a fixed place and earn income through rent and sales profits.

Innovative business model refers to the business model that obtains benefits through innovation and change on the basis of traditional business model. For example, the economic model of * * * is an innovative business model. Through internet technology and the platform of * * * *, the * * * enjoyment of resources and the creation of value can be realized, so as to gain benefits.

Whether it is a traditional business model or an innovative business model, enterprises need to choose and use it flexibly according to their own situation and market demand. In practice, some enterprises will also combine the traditional business model with the innovative business model, which not only maintains the stability and predictability of the traditional business model, but also has the flexibility and competitiveness of the innovative business model to obtain better market performance and income.