4. Subscription Business Model:

A Business model in which customers pay a recurring fee in exchange for access to goods or services (examples are weekly food box deliveries or access to software/data or loyalty programs). This model is ideal for businesses that provide valuable services actively sought after by customers (like e.g. netflix and spotify). Ideally clients opt for auto-renewal of the subscription for convenience reasons. The advantage of this business model is the fact that the company has a secure budget for the entire month/year.