There are three different section that needed to be address separately. The model diagram should be base on cement product in Nigeria. My business idea is sealing of CEMENT. My customer focus is on Building and construction. “ I also attached a canvas model that I did earlier to help with this homework.
Build a Diagram (a Straw Man) of your Revenue Model. I have provided examples here Download here for your review.
- What type(s) of revenue will you have? (eg. sales, subscription, freemium, licensing, usage, advertising, brokerage)
- Is it digital, physical, both? ( IT WILL BE BOTH PHYSICAL AND ONLINE)
- What channels will you use?
- What type of pricing will you use (e.g. cost +, value pricing, volume pricing, auction)
- One sided, two sided, multi sided?
- What key metrics will you use
- revenue metrics, user metrics
- What Market Type, CAGR and revenue forecast do you anticipate?
Discussion – Distribution Channels
No unread replies.No replies.
After reading the learning resources for this module, prepare an initial post discussing the importance of distribution channels and what channels are most appropriate for your business idea. The post should contain details about the channel and why these channels will work for your customer segment(s).
This assignment requires that you will do research on your market and provide supporting evidence. Please use the Lynn Library website Links to an external site. to access databases to support your research. All databases require you to log in using your Lynn credentials to access the information for free. If you get stuck, please use the chat function to talk to the librarians for help.
Discussion – Revenue model
No unread replies.No replies.
After reviewing the learning resources for this module, prepare an initial response for one of these prompts:
- Before establishing a revenue model, what do you need to know about your business model, customer, or distribution channel?
- Can a new revenue model be successful? If so, provide an example and describe the revenue model and its success.
- What is the downside of getting the revenue model wrong? What can you do to fix it?
This assignment requires that you will do research on your market and provide supporting evidence. Please use the Lynn Library website Links to an external site. to access databases to support your research. All databases require you to log in using your Lynn credentials to access the information for free. If you get stuck, please use the chat function to talk to the librarians for help.
