Economics of a project

The analysis and optimization of financial outcomes related to the pricing of products or services, the payback period of investments, and the return on investment (ROI). For example, an analyst may conduct a cost-benefit analysis to determine the optimal price for a new product, taking into account the cost of production, competitor pricing, and perceived value.

Related terms

Fundraising

Refers to the process of **securing** financial resources needed to start or grow the business. This may involve pitching the business idea to attract investors, venture capitalists, or crowdfunding platforms to secure equity investment, loans, or grants. For example, a startup founder may create a pitch deck and present it to potential investors to secure funding in exchange for equity or shares in the company.

Project management

Project management is the discipline of planning, organizing, and managing resources to bring about the successful completion of specific project goals and objectives. This includes defining the project scope, setting objectives, developing a project plan, and monitoring progress. For example, a project manager may develop a project plan, assign tasks to team members, and monitor their progress to ensure the project is completed on time and within budget.

Stakeholder management

The process of managing and communicating with individuals or groups who have an interest in a project or organization. It involves identifying key stakeholders, understanding their needs and concerns, and developing strategies to address them. In a software development project, stakeholder management might include regular updates to investors, gathering feedback from end-users, and coordinating with the development team to align goals.

Pricing strategy

Pricing strategy involves determining how to set, present, and adjust pricing for a product or service to maximize revenue or market share. It often requires analyzing factors like customer willingness to pay, competitors' prices, and costs. For example, a SaaS company may use a tiered pricing model, offering a basic free version to attract users and premium features at different price points to monetize and segment the customer base effectively.

Find an expert in Investor

DeFi
Finance
Infrastructure
Insurance
SaaS

Created a Diverse Customer Base for a Web3 Travel Tech Company

PROBLEM:

There was a problem that web2 users could not onboard easily on web3 platform because of the complexity with the process at Fly wallet

SOLUTION:

Not a lot of travelers are web3 enthusiasts which kind of created a segmented market for FlyWallet. So I created documents and flowchart that will enable users that have Google account, Facebook account and Apple ID to onboard easily and save for travels ahead.

Created multiple integration partners and monitored the API wrappings by the engineers. This created a diverse customer base for the web3 travel tech company.
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Oluwatimilehin
$39/hr
Vanir Capital
Budget planing
Business analytics
Finance
Russia
Idea

Creating a banking app

Went through a full startup routine in creating the product, starting with generating ideas through ideations and co creations, making mind maps of them on Miro, leading it to a finished tech plan for developers and making it into life.

Reviewed design via Figma and made testplans with researchers to verify ideas on target audience.

Made integrations with bank front and back systems to aggregate data and made profit of it for our clients with complete analytics of their finances and budget that makes no one at the market right now together with banking functions.
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Evgeniy
DeFi
Finance
Infrastructure
Insurance
SaaS

Reducing Drop-Off During Compliance with a Automated Approval Process

PROBLEM:

There was a problem of FX liquidity and inability to use some of our cards on 18yers+ platforms such as casinos at CashEx

SOLUTION:

As a remittance (CashEX) they were disparities in FX rates which caused a lot of ambiguity to users as we were offering different rates within a day which is meant to be a fixed rate for the day.

Proposed an integration with an international FX partners which includes the business margin spread that when a user needs a particular currencies and the user has been deposited money for the exchange, it calls our partner APIs from our platform. Also created a status page for those APIs so we can be informed when there is a outage and inform our users.

This improved user experience and stability in the business
Expert photo
Oluwatimilehin
$30/hr
CashEx