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According to your text, a revenue model is a key component of the business model and identifies how the company will earn income and generate
According to your text, a revenue model is a key component of the business model and identifies how the company will earn income and generate profits.
Key questions include:
How much are my customers willing to pay?
How many customers do I need?
How much cash can be generated through sales?
If I have more than one revenue stream, how much does each stream contribute to the total?
You may use the work you generated as part of your Chapter assignment for this exercise. How would you go about answering the questions listed above? What methods would you use? What resources would you need?
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