Beyond just your revenue model, how do customers pay for your offering? In this lesson, we explore the different payment models that can significantly impact your social enterprise, focusing on how financing, transaction mechanisms, and payment structures can make your services more accessible and affordable for your target audience.
🎯 Learning Objectives
• Understand the concept of payment models as distinct from revenue models.
• Identify different financing approaches used in social enterprises, such as spreading payments over time.
• Recognize various transaction mechanisms and how they differ across regions.
• Explore different payment structures, including subscription models for ongoing services.
• Learn how different payment models can enhance the accessibility and affordability of your offering.
📚 About the Course
Have you ever wondered what it would be like to create real change? You don’t have to start your own organization to make a difference in the world. Everyone can learn the social entrepreneurship mindset and skillset to build social impact. In this course, you will immerse yourself in a social or environmental challenge you want to tackle. You’ll start by researching your topic of choice, talking to people, and ideating a potential solution that you can contribute. Then, you’ll build a business model around that solution, understanding concepts like measuring social change, ensuring financial viability, funding and pitching.
This course is a safe space to experiment and explore. You’ll be guided by a ten stage framework to help structure your journey. Along the way, you’ll hear from social entrepreneurs around the world through case studies and campus conversations. These include Yale alumni, members of the New Haven community, and global changemakers. Everyone is welcome to join this course! You can apply your lived, learned, or professional experience to discover how you’re going to make a difference.
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