#blog_5

WOW, just wow. This is the most brilliant idea that I ever thought of in my entire life. As soon as I hit home, I spent the entire night brainstorming about this idea. I felt my excitement went through the roof and for the whole week I think about this idea for every minute of my time awake. I lost hours of sleep trying to get this whole idea together and talked to so many friends about this. They all love it! I remember between Thursday and Friday, in that 48 hours, I slept 6 hours in total while the rest of the time went to this. Since then, I did so many research and constantly discuss with my group over the week. I get to a point that I realised that this is not a school project, this is what I'm gonna do after I finish Uni in a month.

In class, we learnt how to build a good business model, how to estimate revenue, and journey mapping. As a group, we spent some time after class to work on this and save all our files into microsoft teams. As the idea is good by itself, it made other stuff seems to be easy. When it comes to revenue, I found 5 ways to earn from this app, include subscription model, ad revenue, affiliate marketing, 2-sided market, and in-app purchase which follow the cash cow, small margin, and loss leader model.