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Get Your ING-On In Alberta!
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Feasibility Budget & Financial Planning
Income Considerations, Estimates & Goals:
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Income is based on 3,000 annual $250 Premium Advertising fees.
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Our first year will start when we have the Travel-ING On Mobile App available for download.
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Having the app available is based on acquiring approximately $25,000 in financing through loans, sponsorships, sales and other forms of fundraising. Financing is not available until after our first AGM when an elected board is in place.
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Income does not include membership fees, the purchase of additional keywords or locations, nor any grant funding or sponsorships. We did not incude this income to create a 'cushion' within the budget.
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Our goal is to have a minimum of 1,000 advertisers by June 2026.
Annual Estimated Budget Summary
INCOME Estimate = $750,000:
$750,000
3,000 Annual Premium Advertisements x $250
EXPENSES Estimate = $653,000:
$150,000
Automatic Deductions for Referral Rewards / Sales (3,000 x $50)
$ 90,000
Automatic Deductions for App Purchase (3,000 x $30)
$ 60,000
Automatic Deductions for Assistsance Funds (3,000 x $20)
$ 12,000
Estimated Monthly Online Expenses (AWS, Website, Accounting, Graphics)
$ 60,000
Estimated Annual Online Expenses (Domain Registrations etc.)
$ 20,000
Estimated Annual App Maintance & Improvements
$ 20,000
Estimated Annual Legal & Accounting
$300,000
Estimated Total Salaries ($75,000 each) for Administrative Assistant, Customer Service & Data Managers for both Commercial and Historical)
ANNUAL BALANCE Estimate = $97,000:
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