Regardless of how good your product or service, is, it’s only useful when you can get it into the hands of your target customers. A business model explains which consumer pain your startup chooses to relieve, why your solution works better than competing ones and how big a wedge a company can drive between what customers are willing to pay and the costs.
Startup Revenue Model is a framework to generate revenue for startup. While a business model majorly shows the workflow of startup, revenue model gives clear idea about which revenue source to pursue, what value to offer, how to price the value, and who pays for the value.
Developing a business and revenue model for your business is perhaps the best step way to get and keep your startup financially healthy. A well thought out and credible revenue model connects the dots for potential investors.
At WIEF we help you to build your business and revenue model in best way for sustaining your business.