#7 Let's talk finance!
Hi everyone, in this post we will share our financial plan with you. Sounds exciting, right? :) Let's start with our Full Life-Cycle Use Case (FLCUC)! As you can see from our infographics, online marketing and online sales are the key points in our strategy. The reason behind this is that the use of online channels allows us to explain the functionalities of the Backjag to customers - which would be difficult to do in a physical store - while at the same time reducing the need to bear fixed costs. In the present absence of capital, we are forced to use bootstrapping methods as much as possible. Although we have never built a webshop and don't even have experience in e-commerce yet, after 4+ years spent in the university we know that we can learn literally anything. Especially if there are a plenty of online courses and other learning materials out there.. ( thank you Internet, our best friend!! ) :) Revenue model Our revenue model is based on a single reve...