Business models

Looking for a business model
Looking for a business model

In order to find a business that works for us, we have been looking at a number of business models. This is not the business structure – like whether or not to register a sole trader or a company. This is how the business will operate.

Some of the ideas we’ve investigated include:

  • Information website – this could apply for all our passions – books, writing, cubing – however it takes a long time to build up to earn an income
  • Newsletter/Magazine – again, this idea could apply to all our passions, however building up a subscriber base so we can get advertisers will take a lot of time
  • Online shop – I would love to open a book shop, my 14 year old would love to sell cubes or cube accessories… We have had a few different ideas that could fit our passions, but can’t seem to agree on one that suits all of us, however this looks promising as the kids could help with packing orders and even helping source products…
  • Party Plan – this could involve joining an existing company (I’m sure there’s one to do with books), or as a way to sell items from an online shop. The downside would be that I would need to do most of the work and it would involve being away from home evenings and weekends. Not quite fitting what we’re looking for…
  • Subscription box – my nephew gets a box every month full of goodies to make a craft activity. We also get a box each week with everything we need to make dinner. This idea could apply to our passions too. My 14 year old likes the idea of a cube every month…
  • Selling at markets – I’ve been doing this a bit lately with my books, this could be something we could do with products from an online shop, or could it would with hand made products without an online presence? Definitely something that the kids could be involved in too… but what would we sell?
  • Running events – this is something I used to do in my old business, and when they are well planned, can make a profit. The boys can also get involved by helping with things like preparing name tags and packing goodie bags. Just need an idea for the sorts of events we could run…

Looking at this list, we found a couple of ideas that appealed to us, but we still need to work out what we would sell! Ideally our model would be mostly online so we can fit it in around work and school, and backed up by offline activities such as selling at markets or running events.