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- Self-Funded
- Partnership Funded
- Fee Based
- Hybrid
| Thursday November 20, 2008 | |
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Funding Ideas
Self-funded
In this funding model, we build the application at no cost to our government partner. After the launch of the online service, our revenue comes strictly from online convenience fees generated by the new online service. This option is only possible when creating high volume applications.
Partnership Funded
In this funding model, we build the application for a low monthly or yearly contract fee with a sunset date. After the number of months or years stipulated in the contract, our revenue comes strictly from online convenience fees generated by the new online service.
Both the self-funded model and the partnership funded model provide incentive for eGovernment Solutions and its government partners to:
• Work to identify and build new online services
• Invest in advertising to drive online service usage
• Build the online services that constituents want and need
Fee Based
In this funding model, we build the application based on a one-time fee. Governments pay eGovernment Solutions contractually determined fees on a fixed time and cost, or on a time and materials basis. Fee based funding works best when:
• Inter-office software is needed
• An application must be completed within a short time frame.
• No support is required for an application
Hybrid
This funding model is a combination of payment options. Governments pay eGovernment Solutions a mix of upfront revenues to fund the infrastructure and development of online services (usually equal to 20% of the software application cost). Once the applications have been launched, revenue from online transaction fees is shared between eGovernment Solutions, LLC and its government partners. After launch, the government pays only a small hosting and maintenance fee.