Link to Student
Journal Entry For
Project 1 - Prototyping Plan
We are OilRevive an innovative startup concerned with efficiently collecting used cooking/frying oil from households, restaurants, and fast food chains. This oil is later shipped to our state-of-the-art facilities where the oil is processed into biofuel that would later be sold for a profit.
Our incentives program lies at the heart of our value proposition to the consumer. Those Incentives are divided up as follows:
- B2B
- Will be able to market its brand as a Green-verified establishment
- Will be part of our marketing campaigns as part of the Green Honor List
- Will receive 10% of the bio-fuel sales generated as a result of the amount of oil collected and processed from their facility
- B2C
- We can have our team pass by their residence if they have collected more than five liters of used cooking oil.
- For convince, households will have 24/7 access to drop-off kiosks to dispose of smaller quantities of oil. They will be five minutes away at most.
- Participants will receive financial incentives including, but not limited to, cashback rewards associated with their credit cards, cash rewards, and grocery coupons. Materialistically, consumers could opt to get pre-made grocery goods baskets,
- The more oil adequately disposed of and collected appropriately, the higher the rewards received.
Share your work-in-progress using any media that works well for you:
- Images
- Videos
- The link below provides more information concerning the biofuel processing steps; from collection to final product.
- https://www.youtube.com/watch?v=0NvSJU8sk7M
