What will we charge?
Vendors
- $100/vending machine each monthÂ
App Users
- $20/year for a premium membership
Ads
- $50/ad on our app
How will we get paid?
Vendors: 60% of our income will come from the recurring monthly payments for each vending machine.
Ads: Appx. 25% of our revenue would come from companies that want to place advertisements on our app.
App Users: 15% of our revenue would come from users of our app that get the $20 annual, premium membership. That allows them to place a reservation on vending snacks/items.
How else will we make money from this project?
We will receive the commission from the snacks reserved via the app. Also, we will collaborate with universities, hospitals, recreation centers, and etc to expand our innovations, in which this will bring in more profit.