Profit StreamTM Canvas will help you build profitable software enabled solutions.
A successful software product needs more than a “if you build it, they will come” business plan.
Identifying a profitable and scalable software business model requires holistic thinking about a number of interrelated factors: return-on-investment (ROI), pricing, licensing, enforcement, value exchange and more. The ways in which you adjust and tweak these items define how much profit the business can earn and the rate at which profit grows.
Through years of first-hand experience as product managers, consultants, and trainers, we have found there are several components that drive profitability for software-powered solutions. Where you start your thinking about these factors does not matter (much), but thinking about these items in isolation often results in diminished profits for the enterprise.
Go Deeper with Profit Stream Resources
We write a lot about business frameworks — it’s kind of our thing. The articles, webinars, and tools described below will give you a deeper understanding of how to use the Profit StreamTM Canvas in order to achieve sustainable profitability for your software solution.
If you’d like to go deeper still, we have a whole Maximize Your Software Profits workshop that puts profit at the center of the learning journey.