Quote the highest price for your product

If you are the only service provider in a particular field, this business model can be advised as the best. As there are no other competitors in the vertical, customers will be forced to agree for the price tag that you quote. The creamy layer, which can pay for the service will go ahead and purchase the product thereby gaining maximum profit.

Person-to-person business model

The person to person business model is a one-to-one approach. If a resource is kept ideal and someone else on the other hand is in demand for the same service, it can be provided at a decent price. For example, if I own a car which is not much used and always parked in my garage and someone else is in need for a vehicle for daily travel, I can find a suitable driver and provide my vehicle for use. This will generate a business as well as profit on both the parties.