What is the Best Business Model

[Jasmine]

What do you think can be the best business model for someone without any business skills or some newbies? W ell, the best way to build a business is by selling your own service, but it's tough because there's a lot of competition. You should not only create a good service but also need to be really skilled and good at marketing yourself. You can sell services through freelancer sites, social sites, ecommerce sites, or your own websites. All platforms competitive, and it is hard for beginners to make money. However, if you manage to crack the nuts, you can make it big. Look at Google, how big it has become by selling services.

 

[Mika]

Selling Software as a Service is the best business model. You can offer the basic version of the software for free and offer premium version for premium charges. Instead of one time price of big amount, you will have to sell for small price on a subscription basis. One perfect example is Canva. It is a software as a service business that offers version version for free and you will have to pay monthly fees to use advance mode. ChatGPT is another good example of SaaS.