special Popular revenue model for startup success

The year 2019 was volatile in terms of economy. Trade bars broke out in the US and China, which was considered as the main reason. Even after this, some startups related to service and manufacturing have done well in the USA, China, Singapore, and many other countries. The main reason for this was its revenue model. The number of such startups planning the revenue model and implementing it, in the same manner, was 8 percent of the total number of startups worldwide last year. This has been revealed in a report by a European organization studying the startup's revenue model. Which are the revenue models that will be beneficial for the startup and why other startups have failed to adopt such revenue models, you need to be understood? Any entrepreneur should think about these revenue models and How can he use these revenue models in his business, he should work on all these.

More Cost Upgrade Use
Startups are liking this revenue model the most. The cost-free up-gradation revenue model is most commonly used by service sector startups. In this model, free product service is provided for a limited time. After this, plans related to product service are offered to the customer. Accordingly, the cost of the product is upgraded. This model is successful only when the startup informs the user about the cost upgrade before using the product. Startups related to the service sector also have options in this model such as placing the selected customer in the list of free product offers based on data analysis.

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Free Product and Revenue Aid Model
This model has been well-liked among companies related to social media platforms. Facebook, YouTube, or other popular platforms use this revenue model. In this revenue model, advertising partners are primarily revenue sources. This model is successful only when your content, product, or service is well-liked. Such models are made more for content-based business. The revenue share is based on this model. There are two options in this too, one is that only you give priority to revenue sharing. Whereas in the second option you can also use its platform along with the advertising partner for advertising the product or service.

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Subscription-based model
It has been a very popular revenue model among startups or other businesses. More than 60 percent of startups have used the subscription-based model last year. In this, the startup is offering many other offers along with cost discounts in the use of the product or service. It depends on how long the user performs this subscription. the companies that will benefit the most beneficial using the subscription model include video streaming or music service-related companies offering Internet-based services, including big brands such as Net Fillx or Spotify

special Popular revenue model for startup success