Moving ahead in our little foray into the wonderful world of
revenue modeling, we turn next to transaction revenue modeling. Looking back at our text for this course
(AKA: 4 Revenue Models & Examples for Small Businesses from www.plantostart.com) “…transaction based
revenue models are based on predictable sales of goods.” This seems pretty straight forward, I might
not even need to go to Google or Wikipedia to apply this one to Cardio Kung Fu.
Goods, or as I’ll refer to them, products, are a ways off
for CKF right now but they are in the plan.
We’re talking DVD’s, hand weights, apparel, and the list goes on. So transaction revenue will eventually be a
part of the CKF revenue model. What
remains to be seen is how big a part of the model it will be. The phrase “predictable sales of goods” leads
me to believe that I’ll need to gather some data in order to come up with a
predictable forecast in terms of the transaction part of my revenue model. While I might not have needed to go to Google
or Wikipedia to apply the transaction revenue model to CKF, I predict a visit
to Amazon to buy a book on forecasting in my near future…see how I did that?!
Before I make that trip to Amazon though, I’m going to dig a
little deeper into the next model, project revenue.
No comments:
Post a Comment