Sitemaps
Questions
DiscussionsQuestionsExperts

Questions

Revenue Modeling

What can be the viable revenue model for a social learning app for the students?

students usually like free stuff but app requires to make money so what would be the best revenue model that suitable for students.

Answer This Question

4

Answers

Assaf Ben-David

Mentor, Entrepreneur, Lawyer, Public Speaker

1. commercials / Advertising / leads.
2. In-app purchases of things that they actually need.
3. Freemium model - they only pay for extra services (like maybe you can have a dating feature or a business feature).
4. Offering complimentary services such as loans, help submitting forms, help before interviews and many other ideas.
There are many more options. Happy to explain them on a call.
Good luck
I've successfully helped over 380 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at my reviews: https://clarity.fm/assafben-david

Answered over 3 years ago

Laurent Gibb

Clarity Expert On Growth Stage Startups

I think you've got a great answer by Assaf Ben-David.

In addition, it might be worth considering partnerships and who else might benefit.

For example, could your client also/instead be the educational institutions where the students study?

Is there a benefit to them somehow?

It's true that students are cost-sensitive but can you offer them something they can't live without? Worth considering and refining the value proposition and the price point.

Good luck!

Answered over 3 years ago