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The next thing is revenue streams.
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How do you actually make money from your product or service being sold to customer segments?
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You know, revenue streams basically ask the question, what value is the customer paying for?
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And it actually has you think about what's the strategy of how I'm gonna capture that value?
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Is it I'm gonna just have a direct sale? And it's a completed transaction based on price?
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Is it a freemium model where I'm going to give away the product for free and hope that some portion convert later.
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Is it a license or subscription model?
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That revenue model is different than the pricing tactics.
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That is, what is the dollar or pound amount or euro amount that I'm gonna be charging?
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Again, the only way to figure this out is being able to interact with tens or hundreds or thousands of customers,
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so you finally understand what the right revenue stream and revenue model is.