Different types of business models

Hello readers, I will be writing about different types of business models. There are various types of business models but I will be writing about only three types. These are advertising, disintermedation and freemium.

Advertising
This is a situation whereby an individual/ group creates contents for readers or viewers with the hope of getting advertisers to put advertisement on their page. Make sure the products being advertised on your page are halal. The individual / group has to satisfy both readers and advertisers.

Disintermedation
There are situations whereby an individual wants to sell something in stores; the individual actually has to go through some middlemen. But with this business model, the middlemen (all the people in the supply chain) are not used, therefore the business deals with the customers
directly thereby reducing the business cost and creating a better relationship with the customers.

Freemium
This is a type of business model where you give part of your goods or service for free and then you charge a fee for others. This other products (goods or services) that the business charges a fee for should be optional to the customer.

Make sure your business is halal. Everything should be done for the sake of Allah. Part of doing something for the sake of Allah means hoping for a reward from Him in this life and the Hereafter. Everything happens according to the will of Allah (you have freewill, therefore you are responsible for your actions).

Halal means anything lawful Islamically.

Alhamdulillah. Thank you for reading. Keep checking out this blog. Cheers!

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Islam and Business Finance

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