--- title: tn-business_models tags: tn, ose disqus: your-shortname --- **OSE technical note (tn)** :::success :handshake: Please contribute by directly editing and/or [commenting](https://hackmd.io/c/tutorials/%2Fs%2Fhow-to-use-comments)! ::: # `tn-business_model` OSH Business Models ## resources * REMODEL toolkit https://remodel.dk/ * Pearce, J.M., 2017. Emerging Business Models for Open Source Hardware. Journal of Open Hardware, 1(1), p.2. DOI: http://doi.org/10.5334/joh.4 * https://ryanholiday.medium.com/29-lessons-from-owning-a-bookstore-991b87b81d83 ## community [:link:](https://www.cambridge.org/core/journals/proceedings-of-the-international-conference-on-engineering-design/article/does-open-source-hardware-have-a-sustainable-business-model-an-analysis-of-value-creation-and-capture-mechanisms-in-open-source-hardware-companies/64AE58271B3EFE521F5CF3B1D3CEF8FB) The excitement centers around *community*! Community increaes trust and perceived emotional and functional value. Types of participants in community participation/contributon: (1) developers, (2) mentors, and (3) active consumers. Interestingly, venture capital managers and marketing specialists can provide valuable input based on their intrinsic mativation. Participants in the community can help the company by - decreasing risk of product failure - competitor analysis - feedback from product testing - reducing R&D costs (with product innovations) - digital marketing - providing a talent pool with track record for recruiting ![](https://i.imgur.com/FMFlGSb.png) ## strategies ![](https://i.imgur.com/3enz6Kc.png) [:link:](https://www.cambridge.org/core/journals/proceedings-of-the-international-conference-on-engineering-design/article/does-open-source-hardware-have-a-sustainable-business-model-an-analysis-of-value-creation-and-capture-mechanisms-in-open-source-hardware-companies/64AE58271B3EFE521F5CF3B1D3CEF8FB)