How to build revenue streams: Direct and Indirect for K-12 Schools 365 Portal

Abstract

I started the project to develop direct and indirect revenue sources for the School365 portal for K-12 segment. Here, the mentor first informed me about the project and its location, so I created an eightweek storyboard to implement the project. The first week initially focused on market research on current trends in the K-12 sector worldwide and on understanding gaps in the current education system about introducing new products and services and improving existing products and services. During the second week, the various sources of income were investigated and classified as independent or external sources. In the third week, the idea of working with an online education platform was developed so that education in the K-12 sector can be linked to games that create compelling experiences. The fourth week is to identify the pros and cons of the sales model and make changes to make it more robust and flexible. In the next five weeks, we will integrate online sports training and work with sports training centres to develop ideas to increase sales and access new products and services. The sixth week is to develop innovative proposals for the freight model, improve supply chain infrastructure, improve shipping speeds and reduce the cost of this entire process. In the seventh week, customer reviews are published on various social media platforms, which changes our long-term strategy. In the eighth week, the entire process of products and services will be reviewed to enable them to start and improve their products and services as conditions and customer needs change. As a result, Sports365's business provides us with a great opportunity to continue building new income-generating ideas that will help us to develop the research and innovation skills needed in the changing times of the business environment.