You've learned about the three main revenue models and value-based pricing. Now let's practice applying these concepts to different local business scenarios.
Choosing the right revenue model and pricing strategy can make or break your community business success.
Engagement Message
Ready to test your revenue strategy skills?
Type
Swipe Left or Right
Practice Question
Match each local business type with its most suitable revenue model by swiping left or right:
Labels
- Left Label: Transaction Model
- Right Label: Subscription Model
Left Label Items
- Neighborhood catering service
- Seasonal lawn cleanup
- Auto repair shop
Right Label Items
- Weekly produce delivery
- Monthly bookkeeping for shops
- Community fitness classes
Type
Multiple Choice
Practice Question
A local business consultant is choosing between these pricing approaches. Which option best demonstrates value-based pricing?
A. Charge $150/hour because that's what other area consultants charge B. Charge $200/hour because that covers costs plus 50% markup C. Charge $5,000/month because you typically help local shops increase revenue by $20,000/month D. Charge based on how many hours the project takes
Suggested Answers
- A
- B
- C - Correct
- D
Type
Fill In The Blanks
Markdown With Blanks
Complete this revenue model analysis for different customer needs. Fill in the blanks with the most appropriate model.
