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When you’re considering starting a service-based business or growing an existing one, it’s important to understand the different types of business models you can use. Understanding what each one is for and how they best operate will help you to determine how to choose what’s best for you and your business. The five in this article are the primary foundation models. There are other models, but upon close review, any other models are merely a hybrid of these five. The five covered here are: One-on-One Service Model, Coaching/Consulting Service Model, Information Products Service Model, Licensing/Franchising Service Model, and the Membership/Continuity Program Service Model.