Other business models


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Price comparrison

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Pets at Home Jollyes Amazon Dolly’s Collar £6 £4 £8 £7 Lead £6 £8 £35 £16 Pets at home and Jollyes don’t sell paracord collars, their nylon collars are between £4 and £6, and their leads between £6 and £8. Nylon is cheap and easy to make things out of and can be easily mass produced with machinery. However, paracord cannot yet be made on machinery, this means that each product is hand made. Amazon sell dog collars at £8 and leads at £35, this is a lot more expensive than what I sell them at, however, by selling on amazon they are able to appeal to a much wider market and will likely get a lot more orders.
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Car Ads

This piece of work was also lookimg at demographics, but looking at different price catagories. People who are more well-off are advertised to differently than people looking for an economical car. Car ads from AmberDocwra
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Funding for small businesses

Funding for a small business Personal savings- this is where the person starting the business uses the money that they have earnt from previous work. This is good because then the business is theirs and they don’t owe anyone any money. However, if the business fails then they lose their savings and their source of income. Family and friends- Family or friends sometimes offer to help start a business, this is good because there are no deadlines to pay the person back, and there wouldn’t be any debt on their loan. However, this can cause friction and the family or friends may lose a lot of money because they wouldn’t have understood and assessed the businesses plans. Crowdfunding- This involves asking for small donations from many people, this is good because the money would not have to be paid back. However, it requires a lot of work beforehand and it cannot be predicted how much money the person would make. Angel investors- These are people who donate money to ...
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