Multi Sided Business Models
A Multi Sided Business Platform bring together two or more different but interdependent group of customers. These platforms are of value to one set of customers only of the other set of customer(s) are present. They facilitate interactions between the different set of customer groups. It grows only through networking effect.
Above video explains the concept using Google business model
For Further reading please refer to HBR article on Strategies for two sided market by following the link
https://hbr.org/2006/10/strategies-for-two-sided-markets
Another video explaining the Multi Sided Business Model.
Above video explains the concept using Google business model
For Further reading please refer to HBR article on Strategies for two sided market by following the link
https://hbr.org/2006/10/strategies-for-two-sided-markets
Another video explaining the Multi Sided Business Model.
Using Alex's business model canvas the multi sided business model can be drawn as below.
Alternatively it can designed as below
Some examples of multi-sided business models are
- Skype.com
- A Credit Card Company
- Amazon
- News Paper Company.
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