---
# System prepended metadata

title: Business Model
tags: [farcastle]

---

# Business Model

## Feedback

### Services Ideas

- Could offer conceierge onboarding to help communities get set up ([Plor](https://hackmd.io/6bQ0BRK6TeK9ZY2_5jDKbw#October-9-2024))
- Our service could help communities with activities to help the grow ([Sam](https://hackmd.io/ak2wVpSXTvaOe1v4RTI47w#other-thoughts))
 
### Who are the key partners who can help this business model work?

- Channel Owners
  - Reach out and let them know what we are building and get feedback
  - We need more data that they want these features
  - Rev owns an NFT channel and the regen channel
- Integration Partners
  - What technology and tools are we using?
  - DAOhaus, Hats, Safe, Frog, Cloudflare
  - L2s
- Create a list of who you would like to collaborate with

### Funding

- Bootstrap with integration grants
- Purple DAO and Nouns DAO have open-source grants
- Optimism and Base builds

### Do you have thoughts on potential revenue streams?

- Look at it holistically
- Think about what will not work and test your hypotheses
- What if channels do not take off immediately?
- What if communities are not fundraising?
  - Even Juicebox does not have a lot of big campaigns 
- How might you postpone monetization?
- Focus on building a core set of fans
- Possibly use Hypersub for subscriptions
- Gradually introduce fees when you have something worth paying for

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## Customer Segments

Who are we creating value for, and who are our most important customers? Is our customer base focused on a Mass Market, Niche Market, Segmented, Diversified, or a Multi-sided Platform?

## Customer Relationships

What type of relationship do our customer segments expect? What relationships have we established? How are they integrated into our business model, and what are the costs?

## Channels

Which channels do customers prefer, and how are we reaching them now? Which are most effective, cost-efficient, and integrated with customer habits?

## Value Propositions

Define the unique value your product or service offers. What specific problems does it solve or needs does it meet? Emphasize why this is important by addressing customer pain points or desires. Lastly, outline the key actions needed to deliver this value effectively.

## Key Partners

Identify essential collaborators, such as business partners, suppliers, and key customers. Engage mentors for guidance and work closely with your internal team. Build strong community relationships to drive growth.

Assess the key resources and activities provided by your partners. Evaluate how these partnerships optimize operations, reduce risks, and supply the resources needed to achieve your goals.

- DAOhaus
- Safe
- Hats
- Tavern
- Base
- Optimism
- Arbitrum
- Octant

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- Pinata

## Key Activities

Focus on activities that introduce or monetize offerings for financial sustainability. Identify key tasks for delivering value, managing channels, maintaining relationships, and supporting revenue. Group tasks into production, problem-solving, and platform/network activities.

## Key Resources

List necessary tools and specialized knowledge. Identify key team members, essential skills, and strategic partners. Engage early adopters, seek mentor guidance, and leverage community support.

## Cost Structure

Identify key collaborators, such as business partners, suppliers, and strategic customers, who are essential to your success. Engage mentors for guidance and work closely with your internal team. Build strong community relationships to support growth.

Assess the resources and activities your partners provide. Evaluate how these partnerships can optimize operations, reduce risks, and supply the resources needed to achieve your goals.

## Revenue Streams

Explore monetization options like direct sales, subscriptions, licensing, advertising, or data monetization. Assess feasibility, potential revenue, and customer payment preferences. Analyze how each revenue stream supports overall income.

Consider revenue types (sales, fees, subscriptions, leasing, licensing, advertising) and pricing methods (fixed or dynamic, based on features, segments, or market conditions).
