elizabethbarr / founderinstitute

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Revenue streams #28

Closed elizabethbarr closed 8 years ago

elizabethbarr commented 8 years ago

List between 1 and 3 revenue streams for each of the 3 Projects, and write 1 paragraph describing each revenue stream.

elizabethbarr commented 8 years ago

Tipply: Tipply's main revenue source is a subscription model that charges restaurants (but not job seekers) a monthly fee to be able to collect and store applications in the cloud and peruse employees' ratings and endorsements. That fee would fall somewhere in the $20 to $50 a momth range. The secondary revenue stream are job adds posted by subscribing restaurants (anywhere from $20 to $50 per job). A third source of revenue comes from providing all the paperwork and verification necessary when employees are hired (I9, W2). That would range from $50 to $75 per hired employee.

Keep in Touch: The primary revenue stream for Keep in Touch would be advertising from camps themselves as well as camp-related retailers and vendors. A secondary stream would be a subscription to be paid by the camps for access to kids and families. A third stream would be an affiliate model that would be the result of strategic partnerships with camps, retailers, others in the camp space. The affiliate revenue would be a percentage of sales conversions that came directly from Keep in Touch website/app.

Ship It Good: Ship It Good by nature has only one revenue stream – the fee we would add onto the cost of shipping. While at first glance a flat fee might not be the best course of action, most items that would need to be abandoned at airport security would tend to be not very large or heavy. So a flat rate of $10 per package ($20 for anything above a certain weight/size) would be the cleanest way to charge. (Considering that we would need a scale on-site to measure, flat rate would be the most fair, consistent way.)