This list is of 5 Things that could change your business...
The lesson: Using a business model that offers a range of options can be an excellent way to grow your user base.
2. Box.netBox.net, which was founded in 2005, is now valued at $500 million.
The lesson: Unsexy can be very profitable. Consumer-based software seems to get all the buzz, but B2B markets have deeper pockets.
3. Cutting Edge Group
For its investment, Cutting Edge receives film royalties, music licensing deals and movie soundtrack sales.
The lesson: Most industries have a profitable niche that new companies can carve out and use to their advantage. Sure, the movie industry wouldn't function if everyone only invested in the musical portion like Cutting Edge does...but that's not going to happen.
The lesson: Creating a business model that makes things more rewarding for your customers isn't always easy, but it can definitely be worth it.
5. Umphrey's McGee
The result was that fans pressured each other to buy, so that everyone received more bonuses.
The idea created a flood of pre-orders and Reuters claimed it was the "perfect way to implement a pre-order campaign."
The lesson: Making the experience more engaging and introducing some game-oriented tactics ("gamification") can make a big difference for your business model.
How can these brilliant business models help your company?