WHAT ARE THE THINGS YOU SHOULD INCLUDE IN THE BUSINESS MODEL OF GLOBAL CLASSIFIED SITE?

If you are a beginner in the world of global classified sites and you don’t have any business model then you are going to face a lot of issues in your business. Having a good business model will help you in making your online business successful at an international level. There are a lot of cases in which the most invested businesses fail due to not having the right business model. In this blog, let’s have a look at the different things which should be included in your business model so that your business model could benefit your online business on a global classified site.

●    SIGN UP PAYMENT

If you are a beginner then introducing sign up fees is very important for your business platform. It is a simple and flat payment. Sign up payment is one of the most direct online business models. Even the sellers find the signup fee sensible. Signup fee is usually affordable and it is convincing for sellers as well because paying a small amount for joining is not a bad deal.

●    SUBSCRIPTION BUSINESS MODEL

The business model which has the subscription feature with a repeated payment option is considered to be the king of online business platforms. It is also called the ultimate business model on the classified sites because the repeated fees are the lifeline for any business. The main reason behind this is the subscription makes the large payment affordable by splitting it into smaller ones.

●    PRODUCT LISTING FEES

Product listing and publishing fees is one of the most popular and older business models of online global classified sites. Especially if you are a beginner then product listing payment is one of the easiest ways to generate revenue. Product listing payment is a small amount that a seller has to pay when they publish their products for sale.

●    SELLING PAYMENT

You know it and everyone knows it, selling payment or selling fees is the obvious marketplace business models online. It is one of the most difficult business models as well because it’s very complicated to implement this model correctly. The success of your business is very much dependent on this feature. There are three types of payment flows in the selling fees module, direct payments, aggregated payments and split payments.

●    TRANSACTION FEES

Transaction fees or payment processing fees is the type of business model in which the customers have to pay for the procedure of doing the transaction as well. This sounds a bit less convincing to the customers but this business model will take your revenue to the next level. The transaction fees should be very less, for example, 1% of the payment. But don’t forget the 1% will also create a lot of difference if you are dealing with millions of transactions.

Clzlist is an online platform of Global Classified Site which provides you the opportunity of posting advertisements for the promotion of your product and services at an international level. You can also build up the business model for the growth of your online business on the Global classified site. For more details, visit our website http://clzlist.com