In the education business Quizlet is known by all students and there is no need for introduction. They are the best and are very convenient when you have very short time to study.
Doing research on them made me realize how big they are and what I am going for. It can be scarry be I know I have something more to offer.
Their flashcard system is the most convenient to study everywhere and it is definitely something I would like to look into if possible. But I would like to offer flashcards with answers questions from exams and professors from Baruch only, want to make It as specific as possible.
Being a big company they can afford to offer tutors and teacher for deeper help. Which I won’t be able to do but we will have a text option where students can ask questions.
What scares me the most is their database. They have so much information to charge that it will be hard to compete at first. They have everything on every subjects and every classes.
If even while using their services from time to time I am looking somewhere else as well as other students, this means that they are not perfect and there is more to do in this market.
I still believe it is a good idea and we have something more to offer. The goal is not becoming a serious competitor to overthrow them, but it is to be complementary to their services. They offer general answers and help. What we offer is a closer approach with the students. We want to create a community within the college that fosters brotherhood and help each other on subjects one already. This will make the student more confident because he will be talking or using material from a fellow student and also have a perfect accuracy because all the material we will offer will be from Baruch exercises, exams and professors and our class notes are a plus, better than just summarizing the book.
Hi Elina,
Similar to yours, I also identified my competitor’s existing database to be a competitive advantage. It feels daunting, doesn’t it? But actually, in reading your blog, I began thinking to myself that perhaps this is a double edged sword…
What if the fact that they have this ginormous database actually limits the things that they can do? You and I have a fresh slate, whereas they’ve got their plate full.