Whether you start a small business or expand a company, a revenue model (otherwise known as a business model) is a plan and a strategy you need to build and develop. There are different kinds of business models, but there’s only one goal why a business company creates one: to make a good profit. Hence, the templates and the steps provided below can help you come up with the best revenue model you need for your business. You may download and utilize them to your advantage.
9+ Revenue Model Templates in Google Docs | Google Sheets | Word | Excel | Numbers | Pages | PDF
1. Price Analysis Report Template
Price analysis reports are documents that lay out the prices of the produced products or services. A business can identify whether the price of a certain product or service is reasonable or fair by using this type of marketing analysis report. Thus, it is one of the useful tools you might need to develop a revenue model for your business. We have made this Price Analysis Report Template available in Google Docs, MS Word, and Pages. You can download it right away!
2. Price Sheet Template
This Price Sheet Template is usually used to record the prices of different products and services. In developing a revenue model, this template can aid you in the process. You’ll be able to make adjustments and changes to the prices of your products or services to gain more profit by submitting a good price quotation. If interested, download it immediately!
3. Value Analysis Template
In order for you to determine and make sure that the company’s expenses will not go beyond its functions, this Value Analysis Template can do more in helping you identify the earned value. It is readily available in A4 and US print sizes, perfect for commercial as well as personal printing. Make haste! Grab a copy of this template now!
5 Steps to Determine a Revenue Model
Step 1: Identify the Revenue Types
The income your business receives from all of your business-related activities is called revenue. And although there are a lot of operations your business should perform to make an income, a business usually derives its revenue from sales. There are various types of revenue, but we can categorize them into two overarching types: the operating and the non-operating. While operating revenue comes from the main activities of your business, a non-operating revenue may come from dividends and investment profits. The latter often has inconsistency in providing your business an income; however, it’s still part and parcel of the whole revenue-generating activity. Determining a revenue is only one of the important steps you need to take to develop a good revenue model.
Step 2: Know the Sources
Another way to determine and create a revenue model is when we know the revenue sources of our business. We both know that revenue generated may come from a wide variety of sources. For example, the federal governments usually derive their revenues from the individual income taxes, payroll taxes, corporate income taxes, and other taxes and fees. And about 48% of the total federal government revenue can come from the individual income taxes. In business, the sources of revenue may vary depending on the customer type and the category. The customer type can change, and the list can expand to a multiple and a variety of sources.
Step 3: Calculate the Price
When we speak of revenue, we are talking about the company’s income statement generated in a year or a month. And the revenue can come from our produced products or services. With that, it is of great importance that you know the prices of such products or services. Make an outline to help you determine and calculate the rates. You can download a price sheet template to help you do this task quickly and efficiently.
Step 4: Define the Target Market
A revenue model serves as a strategy to increase the income receives by your business. The target audience or a target market is a factor that could help you develop this model. It may refer to a group of individuals to whom a company directs its marketing orientations and efforts. They are considered to be your potential customers in which you introduce and sell your products or services. Defining and analyzing your target market can significantly provide an insight you need to develop a revenue model.
Step 5: Make Accurate Production Costs & Time Frames
This part is the last yet the most crucial step because it requires you to do two things. First, you need to make an accurate production cost. A good revenue model should have an estimate of how much this operation will cost a business. You may download a cost analysis template from our website to help you draft a document that lists all the costs your business should pay. Second, make the time frames or the schedules of the operations. Set the deadlines. You need to have a target every day, week, month, or year. You cannot just do it randomly. A time schedule template can help you in this aspect.
If you’ll follow the tips and download the templates provided for you above, then there’s no doubt you can unfold such an up to the mark revenue model.
4. Worksheet Start-Up Costs Template
Starting a business can be costly. No wonder businessmen utilize this Worksheet Start-Up Costs Template to monitor the expenses, and make certain adjustments whenever possible and applicable. It will aid you in determining the start-up cost of your business. You can get a copy of this template by downloading it in either MS Word and Apple Pages file formats! What are you waiting for? Download right there and then!
5. Worksheet Franchise Comparison Template
Make use of our ready-made Worksheet Franchise Comparison Template to help you come up with an excellent revenue model. This template can help you decide which franchise is the best one to buy by making a comparison. You can include an idea you’ll get from this in your revenue model. Need this worksheet franchise comparison template today? Download now!
6. Possible Financial & Accounting Strategies Template
List all the possible financial and accounting strategies by using this Possible Financial & Accounting Strategies Template. It can be helpful in your revenue model-making activity. Hurry! Don’t miss out on this rare opportunity. Get a copy for the advantage of your business.
7. Free Business Flowchart Template
Plan your business strategies with the help of our ready-made Free Business Flowchart Template. Set the time frames and lay out the steps in this template as easy as possible. You may customize it in your most preferred file formats. Are you excited to start everything out? Great! You can download the template now!
8. Free Sales Flowchart Template
If you’re looking for a sales process flowchart template to identify and record all the sales your business made, then this Free Sales Flowchart Template is what you need to get your hands on. It can also be used for future sales monitoring purposes. Get a copy now to start editing the template.
9. Free Process Flowchart Template
Use this Free Process Flowchart Template to strategize and to plan your business work schedules in a detailed and accurate manner. You can personalize it using Google Docs, MS Word, Pages, and Editable PDF. Also, the template is made available in A4 and US letter sizes. What are you still staring at? Download it now for free!
10. Business Plan Template
A revenue model is a plan that guides your business to decide which products or services to produce, which prices to impose, and which group of people to target. In that case, this Business Plan Template can be of great help to you. Utilize this template now by downloading it using a Portable Document Format (PDF). Don’t miss this chance. Secure a copy of this file right now!