Top 10 Global Business Models That Are Changing The World

Every company follows a specific business model. The growth and success of a company are based on the business model it follows. Therefore, a business model needs to be diverse and adaptable.

However, certain businesses utilize unusual business models.

The following is a list of the ten most unique business models which have enabled corporations to achieve exponential growth.

Top 10 global business models

Business Model 1: Bitcoin

Bitcoin is the first-ever decentralized digital currency. It is a peer-to-peer digital currency with no middlemeIt'st's basically"y "a lot of currency for minimal current"y."

Instead of using a traditional banking system, it is used to transfer money across the globe. Bitcoin is no longer a measure of value but rather an estimate of the number of transactions it facilitates. Its prospects are incredibly bright and the best investment opportunity.

Google is a fantastic example of how a business model can go completely different than what we have come to understThey'reey're one of the most prominent and most influential companies in the world. But, their business misn'tisn't the traditional one.

The company is known for its open-source model.

Business Model 2: Priceline

Many people think booking hotels is a simple task, but it is not that simple.

Priceline is the leading online travel booking site that allows users to search for and compare available rooms at the same price.

On Priceline, users can check various flight and hotel prices to choose one that suitscustomer'smer's needs.

While this might sound familiar, Priceline is not that similar to the two other online booking sites I mentioned above.

For example, compared to other similar sites, Priceline allows you to check hotel prices in different cities.

Another difference is that Priceline allows customers to book a room as well as a flight.

Business Model 3: Netflix

Today, Netflix is one of the largest entertainment giants. Netflix provides over 55 million titles to its members, including TV series, movies, documentaries, and stand-up comedy.

Netflix also features ‘NetOriginal'inal’ productions, which are original TV series, movies, documentaries, and stand-up comedy from the United States, United Kingdom, Latin America, the Middle East, and Africa.

However, Netflix has faced a lot of challenges in its first years. The first challenge was its appeal to the public. Because Netflix was an unknown entity, few people were willing to switch over to a streaming service. Additionally, Netflix paid a higher price of $9.99 a month.

However, Netflix persevered, even without advertising.

Business Model 4: Nike

Nike is an athletic apparel brand that sells quality sports shoes and apparel. Its business model is based on"the "Nike Lifes" style," which aims to inspirenation'sion's youth to follow a healthy and active lifestyle.

Nike uses a personalized approach to serve its customers. The company carries out its business activities in conjunction with its most loyal customers. For instance, every year, the company offers a particular shoe to the three top runners who run the fastest marathon every year.

Business Model 5: Uber

Uber is a Silicon Valley-based company. Uber is a transportation service provider. Anthony Levandowski and Garrett Camp initially conceived the company's concept in 2009 as an online platform for private drivers to offer services to passengers. In 2014, the company officially became a transportation company. The ride-sharing service was launched on February 2, 2010, under the name UberCab.

According to business model 4: Uber, the company is targeting to become a global taxi service. The business model of Uber focuses on a sharing economy. Company say's primary business model is to provide transportation solutions to people in need. It is a convenient, affordable, and reliable service for the entire world. The service is available in 190 countries.

Business Model 6: Zappos

Zappos.com has generated $1 billion in revenue every year, for over a decade, by doing almost no advertising and producing only a few thousand pairs of shoes.

A business model similar to this would not be feasibltoday'sday’s corporate environment, as significant brand name corporations have large advertising budgets and a large team of employees to meet the high demand for their products.

Business Model 7: Etsy

Etsy is a shopping marketplace that allows people to sell handmade and vintage items alongside other products.

Sellers can pick the price for their items, and Etsy takes a commission of 2 to 3% for the sale of each product.

Business Model 8: Ikea

Ikea is an international furniture retailer, which delivers a superior experience for its customers. It is unique in the sense that there are no fixed stores where products are bought from. Customers can easily choose a product online and have it delivered to their house, which means that the company operates under a business model known as drop and pick.

Business Model 9: Google

Google is one ofworld'srld's most successful companies. It is one of the best examples of business model diversity. Every person, including interns, is free to work on any project. Google uses this model to its advantage by having a high number of freelance jobs online, which allows its employees to spend more time on higher-value tasks and remain more productive.

Business Model 10: Apple

Apple is a multinational technology company based in Cupertino, California. Apple is one of the most successful technology companies in the world. The success of Apple can be attributed to the business model it follows. t. The Apple iPhone was the first smartphone on the market. However, it was not a smartphone in itself. Instead, it was a phone that connected to the internet. This phone also supported mobile commerce, and it was supported by various online content such as the App Store and iTunes Store. At that time, such businesses were not considered part of the traditional sense of business. The Apple iPhone could also connect to a wireless service, and it could play video content such as movies and TV shows, etc. This is how the business model worked.

Business Model 11: Volkswagen

Volkswagen AG was one of the biggest car manufacturers when the company was founded in the 1930s. However, the price of raw materials has risen significantly, and thus the company has had to face tremendous price pressure. The product range has shrunk. Despite these challenges, the company has continued to improve its bottom line.

The Volkswagen Auto-Matrix is the smallest two-seat vehicle made by the German company. The small car has a seating capacity of just one person. The company also provides its customers with an opportunity to experience all sorts of driving dynamics in the vehicle.

For these reasons, the Volkswagen Auto-Matrix is expected to hit the markets by 2020.