2. The Idea:
Create an online platform for renters and landlords monthly payment.
3. Per Unit Revenue Vs. Cost:
$80 a year fee per landlord plus 5%
commission per transaction.
Revenue per unit: $80
Unit = Landlord (Customer).
Estimated landlords in the first year: 50
Revenue Per Unit:
Platform creation: $2.500
Outsourced tasks: $500
Material costs: $250
Cost per unit: ($2.500 + $500 +
$250) / 50 customers = $65
Cost Per Unit:
$80 >$65
There Is Profit!
4. Calculated Costs:
GoDaddy.com Hosting:
$4 monthly
GoDaddy.com Domain:
$11 yearly
Platform Creation:
$2.500 one time pay
Outsourced tasks:
$500 yearly
Fixed costs.
Bank transaction commission:
2% of the transaction value
Variable cost.
5. Calculated Costs:
No Employees
Until we achieve market fit we
will make all the necessary
work.
No Office
Unnecessary physical space.
By now, we can work from
home.
As Lean As Possible!
Free Mentorship
No consultants. We have
great mentors we can refer
and learn.
6. Viable Business Model?:
Customers Needed
For Breakeven
The numbers indicate that it’s a viable business model.
The technology is already invented and the need exists.
7. Other Possible Revenue Channels:
Although we have a viable business model, we
could also test other revenue channels such as:
Partnership allies.
Real estate advertisement.
Rent the platform.
