The Lean Canvas Business Model

Businesses operating in today’s global market have no choice but to implement cutting-edge innovations to maintain their relevance, fulfill the requirements of their customers, and maximize income. The usage of physical cards as a check-in technique for establishments of commerce and other types of buildings is rapidly becoming outmoded. The need to find an alternative that is both cutting-edge and more favorable to one’s finances is hard to exaggerate. Because companies can now embed QR codes in phones, businesses, and other organizations can now utilize them to monitor, administer, and provide access to their facilities.

Today, QR codes have become an integral part of everyday life. The use of these devices to ‘check- in’ at retail stores, restaurants, and entertainment venues is currently mandated by law in several states and provinces worldwide. The capacity to quickly and easily complete activities is often cited as a benefit of learning how to use QR codes by those who do so. The use of the QR code comes in handy in situations such as the COVID-19 period, where handling of physical cards could result in the spread of the virus.

As a long-term marketing strategy, tracking QR codes is essential. Counting the number of people who scan QR codes is a frequent practice among firms that use them. For the most part, this includes the total number of scans, the unique scans, the time of day, and the location of the scanning device. Companies can use this data over time to better understand which codes perform best. Because of their success with specific regulations, they’ll be able to grow it. Lead generation uses scan tracking extensively due to the close relationship between scans and conversion rates and the resulting ability to forecast income.

The use of QR codes makes it simpler and more effective to keep track of visits to a facility, which assists the facility in maintaining a high level of security. When scanning codes are recorded and then later retrieved, the security staff will be able to recognize visitors who raise suspicions and take the appropriate steps to maintain the facility’s level of safety hence preventing criminals from entering the facility.

CUSTOMER SEGMENTS PROBLEM ADDRESSED VALUE PROPOSITIONS UNFAIR ADVANTAGE KEY PARTNERS
  • Security Firms, Residential apartments with multiple occupants, insurance companies, offices and banking institutions.
  • Lost and forgotten card users unable to access the building.
  • Too much time money wasted to replace the card.
  • Data can be accessed by a smartphone that are readily available upon scanning the QR Code.
  • Can offer restricted access to specific individuals
Due To other existing security features, for the QR Code to be competitive as a product;
  • Should be cheap
  • Efficient
  • Easy to use and setup
  • Telecommunication companies to ensure real time response.
  • Software companies to come up with the phone application software to be installed in the phones of the users.
KEY METRICS CHANNELS
Loyal customers will be enticed by customized cost plans friendly to them, through;
  • Monthly subscription
  • Quartey subscription
  • Semiannual subscription
  • Annual subscription
QR Code to be advertised and marketed through;
  • Social media
  • Word of mouth
  • Companies’ good reputation

QR Code Scanner application to be accessed through;

  • Social media platform
  • Google play store
  • Google search engine
COST STRUCTURE REVENUE STREAMS
  • Production cost
  • Labor cost
  • Advertising and marketing cost
  • Insurance cost
Source of revenue will be through;
  • Subscriptions
  • Short term and long-term contracts
  • Loyal life time clients
  • Usage fee

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StudyCorgi. 2023. "The Lean Canvas Business Model." April 9, 2023. https://studycorgi.com/the-lean-canvas-business-model/.

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