Pricing Model Development

Closed
Fyto Technologies
Los Angeles, California, United States
CEO
(2)
3
Project
Academic experience
120 hours per learner
Learner
Anywhere
Advanced level

Project scope

Categories
Market research Product or service launch Sales strategy
Skills
secondary research preparing executive summaries surveys focus group business to business research
Details

We are a b2b and d2c company offering automated wildfire protection products to homeowners. The d2c model will be available on our website www.firefyto.com. The b2b model will sell to partners such as contractors, property developers, insurers etc.

We would like you to develop and test a series of pricing model options and present an effective data-based pricing model recommendation for our organization. You should conduct primary and secondary research to confirm your recommendation is validated by our target customer in this market.

Current pricing model options are:

1. Packaged products at flat rate

2. Licensing model (with or without contractors as partners)

3. Contractor marketplace fees

To accomplish this, we believe you will need to conduct the following research:

  1. Our organization’s costs, target customer, revenue targets, and business goals.
  2. The competitive landscape of this new market.
  3. Organizing focus groups, surveys, and/or customer discovery interviews to get input and feedback on potential pricing models.
  4. Using targeted online ads to A/B test landing pages with different price models.

We want to enter this new market with a proven pricing model so that we can have a successful launch.

Final deliverables should include:

  1. A written report including an Executive Summary that illustrates your research findings and recommendations on our pricing model.
  2. A visual presentation of your research findings and recommendations.
Deliverables
No deliverables exist for this project.
Mentorship

I am available each day for office hours. I am also always reachable via email and messaging platforms such as Slack.

Before founding Fyto, I was the Director of Product at Quantgene, a biotech company in Los Angeles. I have also served as a professional advisor to the Project Management Institute since 2017.

About the company

Company
Los Angeles, California, United States
0 - 1 employees
Manufacturing, Technology, Environment, Real estate

Fyto Autonomous Firefighting is a California-based wildfire protection company. Our mission is to end the destruction of private property caused by climate disasters with a specific focus on wildfires.
Fyto has an exclusive license to use a patented sprinkler system in North America. This sprinkler system will douse the home and the area around the home (the fuels) in water and a microbial-based wetting agent.
In addition to this, Fyto is has developed Fyto Cloud, an artificial intelligence-based system to determine when to enable the sprinkler systems around your home. By using a network of sensors, Fyto Cloud can monitor the environment and selectively enable the sprinklers around the home to reduce the risk of fire ignition.
Fyto is targeting homes in the WUI (Wildland Urban Interface) as a large swatch of these homes are unable to get adequate insurance.

We call our wildfire defense product ‘FireFyto’. You can see more at www.homewildfireprotection.com