HubSpot: What Is a Revenue Model?

HubSpot just shared a new brilliant blog:

Deciding how you’ll generate revenue is one of the most challenging decisions for a business to make, aside from coming up with what you’ll actually sell. You want to ensure that you’re accounting for production costs, salaries for workers, what your consumers are willing to pay, and that you generate enough to continue business operations. You also want to make sure that your strategy fits with what you’re trying to sell. Various revenue models will help you set your business on the right path. In this post, we’ll outline what they are and how to choose the right one for your company. Revenue models are not to be confused with pricing models, which is when a business considers the products’ value and target audience to establish the best possible price for what they are selling to maximize profits. Once the pricing strategy is set, the revenue model will dictate how customers…

Read more here: What Is a Revenue Model?