Describe how the model might operate for your lemonade business.

This exercise will give you the opportunity to explore and see how an entire business model can change by simply changing the revenue model. By using a simple example, a lemonade stand, you will see the business idea transform and adapt based on the revenue model depicted.
Key Takeaways
Customers change as the revenue model changes.
Some revenue models just don’t apply and this is okay, but some businesses operate using a combination of revenue models.
The revenue model is important given that choice of model is related to profitability.
There are 10 types of revenue models that we went over during the lecture. Using the attached worksheet, describe what a lemonade stand might look like using each different revenue model. For example, in an advertising model, you may give away the lemonade for free but sell advertising on your cups to farmers and sugar companies. Be as creative as needed to make each revenue model fit.
Using the attached worksheet, fill out all 10 types of revenue models.
Print your completed worksheet – or handwrite it if you don’t have access to a printer.
Using the Record/Upload Media button on the toolbar, record a video (about 90 seconds or less) of you showcasing your completed sheet and discussing 2-3 revenue models.
Describe how the model might operate for your lemonade business.
Comment on why you think (or don’t think) this is a good option for this type of business.

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