A revenue model is a framework to generate income. It identifies the sources from which a business earns money from the sale of goods or provision of services. Essentially, it shows how a company makes money, specifying the strategies, methodologies, and streams through which it generates revenue.
These are the various sources of revenue that a company uses to generate revenue. It could be product sales, subscriptions, license fees, ad revenue, etc.
The structure that defines the price of the product/service that attracts customers but also ensures profitability.
The group of customers to whom the product is useful is the target audience.
The channels through which the product or service is sold. This could be a physical store or an online shopping portal.
The unique selling point that attracts the target audience to the product/service.
Helps strategize the business plans
Attracts potential investors
Ensures business sustainability
Offers competitive advantages