Decoding the Business Model, where "customer" is the heart. 💗

Decode the Business Model, where the "customer" is the heart. 💗

What Is a Good Business Model? And Why Is It Important to Your Business?

Many people think that Business Model is a product or service that we sell, but it's not just that. Business Model is the "core" of business. How can you create value, deliver, and make money in a sustainable way?

The heart of the customer-centered Business Model

Remember, "The customer is the most important guide in everything you do."

Creating Customer Value Proposition, or the value you can deliver to customers, is first and foremost because if customers don't appreciate it, there is no point in doing anything else.

Find the "core" of value. What is the only thing customers will think of when it comes to your business? It can be a "great experience," "good advice," "strong community," or "privacy."

This is the "strength" that will make customers choose you.

Focus on the "Minimum Viable Segment" Business should not try to answer every problem. It should start with a small group of customers with the same problem clearly so that you can devote your resources fully and understand their needs deeply.

Understand Customer Journey Studying Customer Pathways from Start Seeing Problems to Continuing to Use and Gain Value will help you effectively increase your value throughout your customer's lifetime (LTV).

4 Top Secret Tips To Design Business Model

1. Make customers "enamored" with Product-Led Growth (Principle "Kawaii")

Make your product or service easy to use (Simplex)

Free or low start (Low to no initial cost)

Instant and ongoing value (Instant and ongoing value)

Compatible with the original system used by the customer (Plays well in the network)

2. Co-Creation and Win-Win Partnerships

You don't have to build everything yourself. Partnerships with the community, building strategic partnerships, will reduce costs and expand the market dramatically.

No Startup or Business can create the "perfect product" on its own. Look for a partner to help fill the missing parts and add value to your customers.

3.Use Three Ups Strategy: Update, Upgrade, Upsell

This is how to monetize and retain long-term customers from continuous service delivery.

Updates: Always updated and fixed (e.g. security updates, new information)

Upgrade: Add new capabilities or technologies (e.g., new AI features)

Upsell: Expand the scope of service to include more needs.

Keeping current customers happy and growing in value is building a strong "fortress" around your business, making it harder for competitors to come in.

4.Design to "RSVP" (Repeatable, Scalable, Valuable, Disruptive)

Good Business Model should be...

Repeatable (Repeatable): Customers continue to repurchase

Scalable (Scalable): The business can be expanded by also making a profit.

Valuable (Valuable): Create and Deliver Great Customer Value

Disruptive: Do what others can't or haven't done.

These will lead to greater defensibility and profitability.

Designing a strong, customer-centric Business Model is critical to the success and financial future of your Business or Startup.

Always ask yourself, "Why is this Business Model important to us as founders?" and you'll find a way to build a sustainable business and make your customers successful along the way.

Decoding the Business Model, where "customer" is the heart. 💗

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