What are some innovative sales channels a business could explore?

Some innovative sales channels a business could explore include online marketplaces, social media platforms, mobile apps, affiliate marketing, and influencer partnerships. Additionally, businesses can also consider direct-to-consumer models, subscription services, and partnerships with other businesses for cross-promotion.

This question was asked on the following presentation:

Business Canvas Collection

Document the essence of your business strategies and develop new ideas with our Canvas Collection. This deck includes some of the most commonly used c...

download Download this presentation

PowerPoint

Google Slides

Apple Keynote

Download and customize 500+ business templates and translate PowerPoints

presentation Preview

View all chevron_right

Text this question was asked on:

We start with an overview of the nine Components of Business Model Canvas. Who are your customer segments? What's your value proposition? What are your top revenue streams? How are you managing your customer relationship? What are your sales channels? What are your key activities? Key resources? Key partners? And what's your cost structure? (Slide 1)

Questions and answers

What are some strategies to optimize a business's cost structure?

View answer

Some strategies to optimize a business's cost structure include: reducing overhead costs, improving operational efficiency, outsourcing non-core activities, and negotiating with suppliers for better prices. It's also important to regularly review and analyze the cost structure to identify any areas of wastage or inefficiency.

How can a business identify its key partners?

View answer

A business can identify its key partners by analyzing its business model and operations. Key partners are usually those who play a significant role in the business's value chain. They can be suppliers, distributors, business allies, or any entity that contributes to the business's ability to serve its customers. It's important to consider the role each potential partner plays in the business, their contribution to the business's value proposition, and their impact on revenue streams and cost structure.

View all questions

Ask another question