Funding Essentials - Recurring Revenue Business Ideas
Project scope
Categories
Market research Operations Project management Product or service launch Sales strategySkills
newsletters professional writing revenue stream online course development research reports grant writing comparative analysis lead generation consulting service industriesPROJECT DESCRIPTION: Recurring Revenue Business Ideas
Focus: Research and Propose Recurring Revenue Models for Existing Business Growth
We are looking to work with entrepreneurial students to identify new revenue stream opportunities for our existing business. We want our assigned person or team to do a comprehensive analysis of our existing business model and suggest ways to transition to a recurring revenue model.
We are a professional writing services company that offers grant writing and consultations by the hour or project price. We want to change that structure to be more of an advisory service (industry expert) vs. offering writing services.
A few ideas we are considering:
1. Build an Online Membership Program (Grant Writers sign-up to access my lead generation, and/or Clients can gain access to vetted grant writers.)
2. Produce Product Subscriptions (Grant Research Reports or Search Options, Newsletters, Training, etc.)
3. Create Service or Retainer Plans (10/hrs worth of services for $xxx per month).
4. Sell Grant Writer Training Services (Trusted Advisor, Grant Writing Consulting)
5. Develop Online Courses on the Art of Grant Writing
6. Competition Funding/Contest: They pay $15.00 to compete for a $1500.00 grant; they can apply each month.
FINAL DELIVERABLES:
- Complete research and a comparative analysis of recurring revenue models to determine which model(s) best suit our company.
- Develop a step-by-step action plan, including timelines and an estimated budget for implementing any new model(s).
- Begin implementation of any new model(s) within the available internship timeframe.
- Ensure the tasks are transitioned back to the company with complete instructions regarding deliverable activities and next steps.
RESOURCES:
We can provide any additional internal materials to ensure a complete understanding and smooth collaboration.
- Remote instruction
- Flexible timelines
- On-the-job training/instruction
- Weekly status meetings
- One-on-one mentoring
- Job shadowing
Our mentoring plan can start with a meeting to develop and formalize a working relationship. In the meeting, we can outline the specifics of each role and define the timelines. We will develop the overall goals and objectives, then break them down into weekly deliverables. We can meet weekly to discuss the process and any outcomes. We are happy to discuss the employee's long-term career goals and incorporate skills they would like to learn during the internship.
About the company
Funding Essentials helps organizations and businesses understand the project funding options within their industry, such as RFP's, grant funding, contribution agreements, and low-interest financing. We perform industry research, competitor analysis, and we write business plans. We also develop technical documents and reports such as Standard Operating Procedures, Health & Safety Policies, Case Studies, etc.