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The expression "commercial model" is correct and usable in written English.
You can use it to refer to a business or organization model that is designed to generate profit. For example, "This investment strategy is based on a commercial model that seeks to maximize returns for its investors."
Dictionary
commercial model
noun
(in many parts of Asia) a person (usually a female actress or singer) who stars in a product advertisement (posters, TV advertisement spots etc.).
Exact(59)
But the purely commercial model no longer works.
"Acción created the commercial model, and the commercial model is the one that works," the organization's president, Maria Otero, declared.
A commercial model may develop around open source geospatial data.
Not all scientific publishers follow the commercial model.
"We are definitely turning the commercial model upside down on its head," he told Burrell.
How strong is the free-to-air commercial model, and how long can it last?
Second, there is no new commercial model that will replace what's being lost anytime soon.
Because it's the best commercial model for them to recoup their investment".
The Fifth Avenue library's character could end up transformed by that commercial model.
"Thus far, this philosophy has also been reflected in our commercial model.
Similar(1)
There remained very slight evidence of the effort, in the form of a few densely written-over sheets of paper and the commercial-model Enigma machine.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com