business model canvas by bhavna sehgal

Business Model Canvas

a powerful tool that captures the value you create through your

business

What questions does your BMC answer?

1.How does your business create value?

2.How does your business deliver value?

3.How does your business capture value?

9 Building Blocks for your BMC.

Value Customer

Channels

CustomerRelation - ships

KeyActivities

Key Resource

Partner

RevenueCost

My Business: Young Living Essential Oils

Young Living - Business Model Canvas

Moms between the ages of 30 and 45

Health Conscious for self and kids

Eco Savvy / Green (toxic free)

Buy organic foods

Value Proposition

Customers


Brings the power of ancient technique of using essential oils to alleviate lifestyle issues - at your fingertips.

Guaranteed quality - Seed to Seal program ™

Value Proposition


Through a member (wom)

Directly through company website (www.youngliving.ca)

Facebook page, twitter, pinterest, linkedIn, youtube

Channels


Formal support through phone and email

Personal support and advice (in person, email, phone, messaging)

CustomerRelation - ship


% of revenue earned by the company through sale of products

+Rewards are earned, by ambassadors of product, that can be redeemed towards future purchase of products

Revenues


Knowledge about internal environment (company, operations, user base, products etc)

Support from Young living global community

Support from corporate offices

Key Resources


Marketing

- where does my ideal customer hang out?

- Conversations and personal storytelling

Education about new products and applications

Sales

Key Activities


Young Living Headquarters (brand, product, knowledge, testimonials)

Colleagues (knowledge sharing)

Various community associations

Partner - ships


Time spent building network and spreading knowledge

Cost of products bought for personal use

Costs

Business Model You?

Working Example: Project Management

Questions?

business model canvas by bhavna sehgal

Small Business & Entrepreneurship