A one stop shop model is a business model in which a single company or organization offers a wide range of products or services, typically in a single location or through a single platform. The goal of a one stop shop model is to provide customers with a convenient and comprehensive experience, where they can access all of the products or services they need in one place. One stop shop models are common in industries such as retail, where customers can shop for a wide variety of goods in a single store, and in services industries, where customers can access a range of services, such as financial or legal services, from a single provider. The following are illustrative examples.
An ecommerce site that has millions of items may have a strong competitive advantage over a site with thousands of items.
Large retail locations that offer extended variety such as a supermarket that offers thousands of non-food items and services.
A streaming music service with a large number of songs from popular and indie artists generally has an advantage over a service with less variety.
Information sources such as a news website that covers a large number of stories.
Services such as an IT consulting firm that offers hundreds of technology skills.
Large entertainment complexes that offer variety of things to do such as a theme park designed to appeal to all ages.
A resort with shopping, dining and entertainment options such that you could enjoy an entire vacation without leaving the premises.
One stop shop is a common theme in government efforts to reduce administrative burden by offering a large number of services from one website or physical location.