Business Strategy: Find out your revenue potential in 15 min
3.9 (8 ratings)
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Business Strategy: Find out your revenue potential in 15 min

A 15-minutes crash course on how to estimate your potential revenue, and to accurately understand your market size.
3.9 (8 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,018 students enrolled
Created by Jeannie Chan
Last updated 5/2016
English
Current price: $10 Original price: $20 Discount: 50% off
1 day left at this price!
30-Day Money-Back Guarantee
Includes:
  • 32 mins on-demand video
  • 1 Article
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Estimate their potential revenue
  • Estimate the potential size of their user base
  • Be better armed with revenue potential in order to seek funding for projects
View Curriculum
Requirements
  • Basic math and Excel spreadsheet skills will help
  • Access to internet for basic internet research
Description

Why is Market Sizing important to understand?

If you're a product manager or if you're a business owner - one of the first things you need is to get a handle of how much you can realistically make.

There is a systematic way to answer this question. It's not "I hope to make $100K". Banks do not loan to "hopes". Venture capitalists do not write checks to "hopes". Management does not promote based on "hopes".

You need to quantify the market size and show what your potential revenue may be.

In this crash course, we'll go through the basic principals of market sizing. What are some common mistakes to avoid, and what are some guiding principals. We will use examples and exercises to make the concepts come to life.

Once you understand how to accurate estimate your opportunity, you can much more easily secure the funding you need to take your project to the next level!

Who is the target audience?
  • Business owners
  • Product managers
  • Brand managers
  • Entrepreneurs
  • Anyone who wants to better understand how to estimate business potential
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Curriculum For This Course
Expand All 15 Lectures Collapse All 15 Lectures 36:18
+
Welcome to class!
1 Lecture 00:28
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Put the knowledge in practice
8 Lectures 09:49
Check your understanding
00:34

Homework project - size the potential market for an app
00:43

Homework project solution
01:50

Homework project next step - estimating the app's revenue potential
01:06

Homework project spreadsheet setup
03:13

Downloadable Reference
3 pages

Course wrap up
00:49

Office Hours
01:34
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Bonus Materials
3 Lectures 13:10

Able to define your target market is a vital to being able to accurately estimate your market potential. In this bonus video, we highlight some basics on how to define your target consumer. This is a preview of the course "Branding Basics: Build a brand strategy in 3 simple steps!" available here on Udemy.

Preview 03:01

Driving demand is an important part of realizing your market potential. In this bonus video, we provide an overview for a framework on how to drive consumer demand. This is a preview of the course "Marketing Strategy: Why are they not buying your product?" available here on Udemy.

BONUS PREVIEW: Consumer Decision Journey
03:19

Another key to securing funds is to be able to define your brand. In this bonus video, we highlight a way to build your brand. This is a preview of the course "Branding Basics: Build a brand strategy in 3 simple steps!" available here on Udemy.

BONUS PREVIEW: Brand Pyramid
06:50
About the Instructor
Jeannie Chan
4.5 Average rating
56 Reviews
4,141 Students
7 Courses
Brand Manager / Strategy Consultant

I'm Jeannie Chan, a branding and marketing specialist based in New York City. I work full-time marketing million-dollar brands, and do pro-bono consulting and marketing for non-profit organizations. I have been a marketer for over a decade, with experience in a variety of industries. I have worked in categories ranging from pet food to electronics. My expertise and knowledge are based on my experience working with / for entrepreneurs, non-profit organizations, and Fortune 500 companies. Along the way, I picked up quite a few tricks of the trade. Now, I hope to share them with you here on Udemy.

I got my MBA concentrating in Brand Management from Washington University in St. Louis. During the day, I'm a Senior Brand Manager for a Global Fortune 500 company. In my free time, I eat my way around New York City.