Business Model #1
Business Model #2:
Business Model #3:
Comparison Table:
BMC 1 | BMC 2 | BMC 3 | |
Revenue Model | Two forms of revenue: direct sales + advertising from companies. | One revenue stream: selling the pellets | Revenue streams include direct sales and grants. |
Cost Structure | Cost of printing on packaging, transportation, and employee salary is unknown. | There are many costs that go into it but if we simplify the process it can be profitable. | Similar to BMC however it is specifically targeting schools/education-focused packaging |
Clearer Path to Next Steps | Learn how to best print on the packaging in the Philippines. Then work with partners who want their brand on our product | Has clear next steps: solidify the lab process, then either partner with a manufacturer or have our own firm in the Philippines | Print on packaging and find partners |
Clear First Customer | For ads: any company, companies focused on sustainability might be best. | We would be the only bioplastic pellet manufacturer in the Philippines so bioplastic companies, such as Econest, are good customers | Either schools or companies focused on sustainability education (ex: small shops). |
Risk Profile | Depends on several factors so higher risk than other BMC’s. | If we are able to finalize the lab process and get a factory set up in the Philippines then risk is not very bad. | Since it depends on many factors, risk is high. |
Partnerships | Sustainability-focused companies. | Bioplastic manufacturer such as Econest | Schools, local shops, sustainability conferences. |
Ability to Execute | If we are able to get partners interested and print on the packaging at a competitive price, it is very possible. | Possible, dependent on lab process at the moment. | If we get partners, are able to sell at a good price, and people are interested in packaging with our print on it, it is possible. |