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
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
• Slide 1: Cover slide
• Slide 2: Business Model Canvas (changes marked in
red, different colors for multi-sided markets)
• Slide 3: Hypotheses about revenue model strategy
and price tactics
• Slide 4: Experiments for Revenue Model and
Pricing?
• Slide 5: What are the important metrics for your
business model?
20. Presentation for Next
Week
• Slide 6: Rough 3-year income statement (revenues,
gross margins, significant costs, etc.)
• Slide 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