You are here because you wish to learn how to grow your business right?Are you tired of working and not getting the results you want? Do you struggle to make a sale? if you’ve answered yes to any of these questions I would recommend you watch the video, be consistent in your efforts and subscribe to our vlog for more business strategies.
Welcome to our Vlog I am PHC-BR and I have a question for you. Do you believe its important to have partners? A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. Do you still think you can do everything yourself?
In today’s video I will take you inside the VIP experience at The Beach Volleyball Nationals 2015 in Brazil. Click the video, watch how we got our VIP tickets and make a decision to partner with us.
For what value are our customers really willing to pay?
For what do they currently pay? How are they currently paying?
How would they prefer to pay? How much does each Revenue Stream contribute to overall revenues?
Successfully answering these questions will allow your firm to generate one or more Revenue Steams from each Customer Segment.
The Revenue Streams Building Block represents the cash a company generates from each Customer Segment (cost must be subtracted from revenues to create earnings)
Each Revenue Stream may have different pricing mechanisms, such as fixed list prices, bargaining, auctioning, market dependent, volume dependent, or yield management. A business model can involve two different types of Revenue Streams:
1- Transaction revenues resulting from one-time customer payments
2- Recurring revenues resulting from ongoing payments to either deliver a Value Proposition to customers or provide post-purchase customer support.
The Customer Relationship Building Block describes the types of relationships a company establishes with specific Customer Segments. A company should clarify the type of relationship it wants to establish with each Customer Segment. Relationships can range from personal to automated. Customer relationships may be driven by the following motivations:
While you are filling in you Business Model Canvas make sure to ask yourself these questions:
What type of relationship does each of our Customer Segments expect us to establish and maintain with them?
Which ones have we established?
How costly are they?
How are they integrated with the rest of our business model?
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Through which Channels do our customer segments want to be reached? How are we reaching them now?
How are our channels integrated? Which ones work best? The third building block Channels.
The Channels Building Block describes how a company communicates with and reaches its Customer Segments to deliver a Value Proposition. Communication, distribution, and sales Channels comprise a company’s interface with customers. Channels are customer touch points that play an important role in the customer experience.
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Once you identify the reason why you started your business the second most important thing to understand is actually the first building block of The Business Model Canvas.
The Customer Segments building block defines the different groups of people or organizations an enterprise aims to reach and serve.
An organization must make a conscious decision about which segment to serve and which segments to ignore. Once this decision is made, a business model can be carefully designed around a strong understanding of specific customer needs.
Watch the video, take some notes and click on the banner you see bellow.