Only Buziness

  The Bandwagon Effect in Marketing : Why People Buy What Others Are Buying  Estimated Read Time :- 7- 8 Minutes  Word Count :- 1,510 Words  Ever wondered why certain products suddenly become “must-haves”? Why people line up for sneakers, gadgets, or even coffee cups? That’s the Bandwagon Effect — a powerful psychological phenomenon where people adopt beliefs, behaviors, or purchases simply because others are doing it. In marketing, this is gold. Once your product starts trending, the human instinct to belong amplifies sales exponentially. The logic? “If everyone’s buying it, it must be good.” What Is the Bandwagon Effect? The Bandwagon Effect is a social psychology concept where individuals conform to majority behavior to feel included or validated. It’s not just peer pressure — it’s wired into our survival instincts. In the modern marketplace, this translates into viral trends , sold-out products, and cult-like brand followings. From iPhone launches to ...

  The Psychology of Free : Why 0 is the most Powerful Price in Business { Estimated Reading Time :- 7 minutes    length :- 1,500 words  } Introduction : The Magic of Zero  Few things excite people more than the word free . Whether it's a free trial , a free delivery offer, or even sample at a supermarket, the concept of  "0 rupees" has unmatched psychology power . But why does free feel so irresistible ? To understand this, we need to dive into the science of decision-making, perception , and consumer behavior.  1. The Zero Price Effect  Behavioral economists describe something called the " zero price effect " . when the cost of a product drops to nothing, people don't just treat it as a good deal - they treat it as a unique opportunity. Even if the free item has little value, the perception of zero risk and zero cost drives action.  Example :- Free shipping  Think of e-commerce . many people will add extra items to their cart just to qu...

  Only Buziness The Business Model of the Olympic Games: A Deep Dive As an experienced blogger with a keen interest in the business models of major events, I find the Olympic Games to be a fascinating study in global sports and economics. The Olympics are more than just a display of athletic prowess; they are a complex, multi-billion-dollar enterprise with a unique business model that sustains the event and its organizing body, the International Olympic Committee (IOC). Revenue Streams of the Olympic Games 1. Broadcasting Rights :    The largest and most significant source of revenue for the Olympics comes from the sale of broadcasting rights. Networks around the world pay hefty sums to secure the exclusive rights to broadcast the Games in their respective regions. For instance, NBC paid over $7.75 billion for the rights to broadcast the Olympics in the United States from 2021 to 2032. The global appeal of the Games, which draws billions of viewers, makes these broadcasti...

Only Buziness         Business model of  Garena Free fire Free Fire, a multiplayer battle royale game, debuted that same year and quickly gained popularity across the globe. It became the most downloaded mobile game worldwide in 2019 and a substantial source of income for Garena. Free Fire Max, a substantially improved version that Garena released in 2021, hasn't yet surpassed the previous release in terms of revenue generation. With over 100 million downloads apiece, the two applications were the most popular shooter games in 2022, according to AppMagic. It went on to make at least $4.33 billion by 2021, ranking as the eighth highest-grossing mobile game after coming in at number four with $2.13 billion in 2020 and $1.2 billion in 2021. Free Fire was the winner of the Esports Awards' Esports Mobile Game of the Year in 2020 and 2021. how does it makes revenue ?  It basically  sells the diamonds[this are like trading currency]  in the game, by pur...

Only Buziness Business  Model  of  Snapchat Through what medium does the snapchat basically does the business ? Snapchat basically generates the revenue through both offline and online But mostly through online  How much revenue does it makes ? As you can see the graph, the revenue of the snapchat has increased compare to its  pervious year [15, 16 , 17 ]  Earning the revenue approximately to 1,250 million dollars  in the first Quarter of the financial  year  2024   Founders of the snapchat    Evan spiegel  He is the french-american business man  presently working as the CEO of the snapchat and the Youngest billionaire in the world 2015  Bobby  Murphy He is filipino-american business man  And the co-founder of snapchat, presently working as CTO  Second youngest billionaire in the world 2015 Coming to the main topic  As I said the revenue mostly come from the online as  Ads between th...

Only Buziness Business model of Facebook Through what medium does the business done ?   The business done is basically a online business model  How  much successful was the business model ?      As you can see the growth of the facebook revenue to approximately 16 billion dollars  in the year 2019 And the founder is Mark Zuckerberg , it is started in the year 2004 Coming to the main topic  most of the revenue is generated from ads service upto 99% And the 1% is generated from the facebook products like headset and etc  At the staring, ads are displayed randomly regardless of the age, gender and etc  After few year it became organised called as target audience  (meaning of target audience , the specific group of customers most likely to want your product  or service) The main advantage is its user  data base  of approximately 2.9 billion active users  which is very important for ad services, and it also has a 7 mi...