A business model is a company’s plan to operate profitably in a specific market. This plan or scheme identifies the products and services that the business plans to sell, as well as the particularities of the environment.
It is important for startups and established companies because it helps attract investors, motivate management and staff, and recruit new talent.
Therefore, it is crucial for established companies to update their business model periodically, or else they will not be able to anticipate trends and new challenges.
On the other hand, business models also help investors evaluate the companies that interest them.
Benefits of a business directory
:Each business directory is created in the language of the country of origin, with explicit, clear, and direct advertisements so that they can be read quickly by simply glancing over them.
- They represent an invaluable source of information to begin an internalization process without having to make a financial outlay.
- It reaches more users, which means an increase in the target audience.
It gives you international visibility.
These elements are part of a business model and will likely change as the company grows and matures.
Although, at first, you may not have a clear idea of what each of these components will look like, as you create your business plan, they will become more evident and provide a stronger vision and direction.
Directories also allow you to focus on a specific type of audience. Although general directories are a good option to gain global visibility, appearing in the registry of sector directories ensures that we reach potential clients who are already interested in our products or services more directly, which increases the chances of conversion.
Finally, the cost-benefit of appearing in a directory is, without a doubt, one of the most attractive advantages for companies. There are many free directories or directories with quite affordable subscriptions, in contrast to the cost that advertising campaigns in traditional media used to have.