Question: ONLY USE INFORMATION BELOW TO WRITE A PARAGRAPH HAVE 150 TO ANSWER THIS QUESTION, provide thoughtful comments on Person A found interesting in subscription model,

ONLY USE INFORMATION BELOW TO WRITE A PARAGRAPH

ONLY USE INFORMATION BELOW TO WRITE A PARAGRAPH HAVE 150 TO ANSWER THIS QUESTION, "provide thoughtful comments on Person A found interesting in subscription model, reverse auction model, mass custom ization model Person A One business model that I found interesting is the subscription model. Encantos is a startup that uses this model to send educational entertainment to kids as they grow and learn. Encantos discovered that parents were becoming increasingly unsatisfied with the one-size fits all educational system of public schools, so they developed their subscription service to help children develop their specific strengths and weaknesses. I think this sort of business works well with this business model because parents will see tangible proof that their child is progressing and is ready to move on with the arrival of a new box. I can see how this subscription service would be especially popular now that most children have had to learn from home this year. Another business model I found especially interesting is the reverse auction model. I researched Moneydew, a startup that uses this model. Moneydew is a reverse auction platform specifically for household service needs, such as landscaping. Users who need a specific service performed list their needs on the site and those who can perform the service offer bids. This model seems like it would work especially well in the household service sector, as consumers get to choose the price they pay, while service providers feel they are being paid appropriately for their services. A third business model I found especially innovative is the mass customization model. If a company is able to work quickly and inexpensively, I think this business model is one of the most interesting. BenchMade Modern is a startup that delivers custom sofas in as little as 24 hours. Customers can design their sofas online or come into the store, so they can choose which experience they prefer. The company didn't give much indication as to how it creates the custom sofas so quickly, but there is definitely demand for custom couches. Home interior design is very customized as it is, but the addition of instant gratification and almost guaranteed satisfaction that comes from this company is a good use of the business model

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