Updated Business Model Canvas

Regarding what Julius commented on our project, now we need to focus on our revenue streams.

Our main revenue streams from our old business model canvas were the followings:

Option A

Selling Vending Machine at high price to club owners and individual pairs of shoes

Option B

Provide machine at low / no cost, profit from selling

shoes.

According to our research on vending machines and the interview we have done with the club owner, we figured out that there is another option for revenue stream.

We may use the vending machine the club provides for us, paying certain amount of cost to the club, and we get all the profits from selling shoes.

We came with this idea because, first, manufacturing our own vending machine is too much cost and since it is our first trial, we are not sure if this business is

going to be successful enough to pay all the cost for the vending machine, so we decide to take less risk as possible.

We may use the vending machine the club provides to us, and then if the business seems successful, then we may expand our revenue on vending machine.