1. The four main circular business models - rental, repair, resale and remaking
- This can include revenue from direct purchase or subscription services,
- This can be delivered through several models e.g. customer-to-customer, business-to-customer, or business-to-business.
2. Income (revenue or return on investment) from a circular business model provider or platform.
For example, a company has bought a stake in a circular business model platform and receives a return on that investment.
3. Training or education:
Empowering customers with the skills to keep fashion products in use e.g. repair workshops.
4. Where efforts on circular product design are coupled with a circular business model offering
This could include a premium that is applied to fulfil a lifetime repair guarantee on a product that has been designed to be physically and/or emotionally durable. This is not the entire product revenue.
5. Revenue from non-physical products or services
Designing and developing non-physical, digital products and/or services that replace, enhance or complement users’ fashion needs and aspirations. These must displace the production of new physical products