Business model
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Transcript of Business model
Key Partners
Our partners will include rovio for app design, and websites that advertise our app will be lyricsfreak and music related websites. Our app could also be advertised on other apps made by the same people.
Key Activities
Our revenue stream will come from the selling of our app and advertising of other apps as a pop-up each time a page is refreshed/opened.
Value Propositions
We are helping to solve the problem of losing motivation over playing an instrument. Our site is quick simple and very effective. It teaches through video, tab and chords, helping improve self-taught ability.
Customer Relationships
We reward customers who go on our site enough by offering exclusive songs otherwise unavailable.
This helps maintain relationships.
Customer Segments
Our most important customers are people interested in playing an instrument; want to learn new songs and who will benefit from our site. We are creating value for this audience, now they will not need expensive lessons.
Key Resources
Our advertising builds our revenue stream and gets our app known. This will build more customers and therefore a stronger customer relationship.
Channels
We will reach out to our allocated customers by advertising on apps and websites they are likely to use and music stores etc to ensure that are target is reached.
Cost structure
The most expensive thing will be the advertising of our product to reach our target.
Revenue Streams
Our revenue streams are through advertising other apps and the upfront fee of our app. There is also product placement to consider.