This Hybrid Business Model combines traditional product sales with subscriptionbased hardware, software, cloud offerings, and other services. Customers have agreed to pay you a monthly fee for the ongoing services you provide. This results in a consistent, recurring revenue stream for your company on top of any projectbased work you did previously. Product margins have vanished due to overall commoditization, increased competition, and the industry pricing itself to the bottom. In many places, new powerful cloud solutions have largely replaced the need for onpremises infrastructure. You can use EdrawMax to create this Hybrid Business Model online to get started.