What will we charge?
Vendors
- $100/vending machine each month
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 a commission from snacks reserved via the app. Also, we will collaborate with universities, hospitals, recreation centers, etc. to expand our innovations, in which this will bring in more profit.
