This document contains an agenda for a class on customer relationships:
- There will be Q&A about revenue models, presentations by teams on customer relationships, and a summary about partners.
- The Q&A section defines different revenue models like usage fees, subscriptions, licensing, and advertising. It warns against using multiple models without clarity and discusses pricing tactics.
- Teams will present on customer relationships, focusing on metrics like customer acquisition cost, conversion rates, lifetime value.
- Partners are discussed as strategic alliances, joint ventures, coopetition, key suppliers, and virtual channels. The importance of partner relationship diagrams is highlighted.
- For next week, teams are asked to update their business model canvas and
5. Revenue Model
Asset sale
Ford
Usage fee
Vodafone
Subscription fee
salesforce.com
Rent
Avis
Licensing
MS Office
Intermediation
airbnb.com
Advertising
Google
8. Common Errors
Use all-of-the-above revenue models:
license, direct sales, affiliates, etc.
The reason to select a specific revenue
model is unclear
Lack of understanding of how
customers buy today.
What do competitors charge?
Is the profit sufficient?
9. Metrics that Matter
Value proposition: product cost, attainable market,
etc.;
Customer relationships: CAC, conversion rate,
LTV, etc.
Market type: different revenue curves;
Cost structure: operating costs, etc.;
Channel: channel margins, etc.;
Revenue Streams: selling price, number of
customers, etc.;
Burn rate: company spending per month.
16. Types of Partners
Strategic Alliances
Apple + Record Labels
Joint Business
Development
Intel Inside
Coopetition
wi-fi 802.11b/g/n
Key Suppliers
Outsource suppliers:
Apple + Foxconn
Direct suppliers:
Logoplaste
Virtual Channels (web)
Expedia
19. Presentation for Next
Week
際際滷 1: Cover slide
際際滷 2: Business Model Canvas (changes marked in
red, different colors for multi-sided markets)
際際滷 3: Hypotheses about revenue model strategy
and price tactics
際際滷 4: Experiments for Revenue Model and
Pricing?
際際滷 5: What are the important metrics for your
business model?
20. Presentation for Next
Week
際際滷 6: Rough 3-year income statement (revenues,
gross margins, significant costs, etc.)
際際滷 7-n: Lessons learned (hypotheses,
experiments, results, action)
21. Before Next Class
Talk to 10-15 customers to test revenue
model and pricing (100 for web)
Update LPC Narrative and Canvas
Work on your MVP
Prepare Class Presentation
Watch Lecture 7: Partners