How to build a Revenue Model? entrepreneur how earn by blogging blog

Hey /r/Entrepreneur. Long time lurker, first time poster.

I've been working on a business idea for a while. My friend and I are working on a Business Review platform, primarily utilizing an app for customer interaction. I can't give much information about it, but our idea does not currently exist on the market. I am working on business management (as well as sales and outreach) while my business partner is dealing with all the development and project management. Our third business partner will be doing sales only.

After speaking with numerous stakeholders in our primary market, and explaining out business vision to them, we believe there is a deep interest for our idea in their market. We plan on having a working prototype by this summer, and seeking investors to grow our product to a full-scale ecosystem after we accumulate enough data and finances.

Enough about all that though... I need help with my Business Plan, Reddit!

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My current employer is a serial entrepreneur, and has been coaching me through some of my business progression. I had a long conversation with him today, and he gave me a lot of insight. A few things he asked me to do for our next conversation are the following tasks... both of them being the most difficult roadblocks as I have experienced so far while writing my plan:

• Develop a Revenue Model
• Develop a Market Analysis/Marketing Strategy
• Do Profit Analysis/Sales Projection

I am no economist. I have no experience in financials, marketing, or projecting any sort of revenue. I have no idea how to do any of the things above. So, this is basically me right now. My questions:

• Where to I start, and what research do I need to complete?
• How do I create a Revenue Model?
• How do I do Markey Analysis/Marketing Strategy if I have no Marketing experience at all???
• How do I do Profit Analysis when I don't even have any sales numbers yet?

I want to make sure I have a solid Revenue Model (at least) compiled for him before we meet again. But I don't know where to start. So thanks again guys. Hopefully I can launch this business with your help.

<3 mikegates90

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