Business Model

How Does GoFundMe Make Money? GoFundMe Business Model Explained

Key Takeaways: GoFundMe is an American nonprofit fundraising international organization founded by Brad Damphousse and Andrew Ballester in 2008 as “CreateAFund” and later in 2010 as its current name. Starting out as a for-profit platform, it far outstripped its competitors in the crowdfunding industry. Using the crowdfunding business model, the organization used to make money …

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How Does Google Make Money? Google Business Model Explained

Executive Summary: Google is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, a search engine, cloud computing, software, and hardware. Google makes money from advertisement services and from cloud computing platforms. Google was founded in 1998 by Larry Paige. It is considered one of the Big Five technology companies in the U.S. information technology industry, alongside Amazon, Facebook, Apple, and Microsoft. What …

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Platform as a Service: How Does It Work? And What Does It Mean?

Introduction With fast-paced technological advancements taking place across the globe, it can be seen that businesses are now more proactive on technological fronts than ever before. Consequently, the pressing need to ensure that the business is at the forefront on all technologically related grounds has created upward pressure. It is a challenge because inculcating high-end …

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Standardization Business Model: What Is It? How Does It Work? And Why Is It Really Importance?

Introduction Over the course of time, there has been an increasing sense of awareness within customers, which has enforced businesses to be more adamant regarding their quality protocols, in order to ensure that they are able to meet their respective Key Performance Indicators (KPIs). This requires them to work on their business models, and incorporate …

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Disintermediation Business Model – How Does It Work? (Explained)

Introduction Over time, it can be seen that businesses are increasingly focusing on retaining their competitive edge and ensuring that they can ensure sustainability in their existing business models. Therefore, businesses work day in and out to innovate so that they can provide the market and their customers with effective service protocols. The innovation does …

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