Also called: Curated retail
See also: Affiliation
|Key Partners||Key Activities||Value Propositions||Customer Relationships||Customer Segments|
|Cost Structures||Revenue Streams|
How: Collect available options and guide customer choice by identifying the best. Profit through Hidden Revenue streams like ads, affiliate fees, or sponsorship. Revenue is typically proportionate to your readership size.
Why: Profit from the best collection of content rather than from manufacturing goods.
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In the face of this information overload, the curation business model offers a solution by collecting and presenting a selection of products and assisting consumers in making informed decisions. This can be done online, eliminating the need for physical showrooms or even the need to purchase the products oneself. By providing recommendations and potentially earning a commission through affiliate links, a business can thrive by guiding consumers towards the best options available.
There are a variety of reasons why creators, influencers, and brands may choose to curate content, including building a personal brand or audience, filling a market need, creating a new category within an existing business, or generating additional revenue.
With the abundance of creators, content, and choice available, consumers may find themselves in a state of “analysis paralysis,” unable to absorb all of the information presented to them. In this environment, the true scarcity is not content, but attention. Consumers must pick and choose what is most important to them or seek out individuals who can curate the information for them. As the market for credible curators grows, so does the willingness of consumers to pay for high-quality content. The Everything Bundle, created by Nathan Baschez and Dan Shipper, is a prime example of the success that can be achieved through intentional bundling in a climate of “unbundling.”
Applying the Curation business model
There are various ways to monetize curation, such as paid newsletters, blogs, ebooks, e-commerce stores, and consulting or speaking engagements. There are several factors to consider:
- Initial cultivation of traction
- Shifting focus from the individual to the media brand
- How to continue scaling and keep adding value
Unfortunately, many individuals and websites attempt to curate products in a haphazard or superficial manner. Simply listing links to a variety of products without providing guidance on how to choose the right one or establishing principles for selection can result in a disorganized catalogue or a collection of outdated affiliate links for unavailable items. Successful and popular curation involves careful selection and thoughtful presentation to assist the reader in making informed decisions.
- How can you communicate your expertise and trustworthiness to get customers to follow your lead?
- How can you tailor curations to specific segments or individuals?
Jetsetter collects and curates the most interesting travel deals and earns affiliate fees for any customer taking the bait.
With more than 3000 stylists, customers receive a monthly box of clothes curated to the style of the individual customer.
- Innovation Tools & Courses by wrkshp.tools
- The curation business model by Julia
- Stitch Fix wants to revolutionize e-commerce—by treating it like an old-school department store by Elizabeth Segran
- The Everything Bundle