What are the three elements of a business model?

Three elements of business model: customer, value and profit.

A good business model needs to consider several aspects: the customer of the enterprise, the value and service that the enterprise can provide for the customer, and the reasonable price that the enterprise provides for the customer.

Whether a business model is successful, we must first understand whether the three elements of the business model exist. If so, the second level is to consider an organizational structure, workflow and process standards that meet the three core elements of your development stage and achieve landing.

Three characteristics of business model:

First of all, a successful business model should provide unique value. Sometimes this unique value may be a new idea; And more often, it is often a unique combination of products and services. This combination can provide additional value for customers; Either let customers get the same income at a lower price or get more income at the same price.

Second, the business model is difficult to imitate. Enterprises can improve the entry threshold of the industry by establishing their own uniqueness, such as careful care for customers and unparalleled execution ability, so as to ensure that the source of profits is not infringed.

Third, a successful business model is down-to-earth. Enterprises should live within their means. In reality, many enterprises, whether traditional or emerging, are not sure where their money comes from, why customers value their products and services, or even how many customers actually do not bring profits to enterprises, but are eroding their income.