Posted in MGT 5985, MGT 5985 Product

Final Project

Here is the link for my video College Ivy – YouTube

This idea is actually interesting for me because this is something I would need for myself and creating a business idea to solve a problem I face will be an addition to me. After I spoke to primary and secondary competitors, I went towards the negative comment’s customers made and incorporated that into my strategy. I definitely think this will be a good idea, if I am to go into it, I will start with small amount of targeted audience maybe concentrate on New York, Texas, California alone for now giving that those were my highest engagement and viewers came from when I tested my MVP and with that, I provide the solution to the negative feedback customers give to other companies.

Posted in MGT 5985, MGT 5985 Product

Competitive Landscape

I created a company analysis based on important key characteristics that college students and tutors will be looking for, before joining the company or working through the company app. I used three primary competitors and two second competitors in order to have different points of direction and know if my business is still of relevance in the market. 

I did some research online for the characteristics for each competitor and the company that almost matched with mine is Wyzant and tutors.com. The one significant factor I think that really stood out was price and price is a huge factor.Tutor.com makes students pay over $60 per hour for Private tutoring sessions, which is really expensive especially if students are the ones paying for out of their pocket, they have other important bills to worry about too. My company will be willing to give these students the same quality of tutoring they get from these other expensive competitors with their own choice of payment, meaning there isn’t a fixed price of payment on the website. Tutors and students will come to an arrangement of how they each know what to pay or the price the students are willing to give before they start the session. One of our weaknesses will be competing with Wyzant, Wyzant is already a developed tutor, although they have no upfront payments or subscriptions that are known to be taking 25% off tutors pay which will make the tutors increase their price for each of their sessions.  This competitive analysis has helped learn more about this type of business, it has helped me analyses my business further and ways I could build it to stand out. I believe my company still has a chance here and I want to see how it goes. 

Posted in MGT 5985 Product

Failure in getting an interview with potential competitors.

While this assignment was assigned almost three weeks ago, I was deceived to first reach out to the main five companies that were highly skilled in the business I am trying to get into. I reached out to five of these companies, which were:

  1. Chegg
  2. Tutor.com
  3. Skooli
  4. Cub Z
  5. Wyzant

I was more focused in speaking to someone from Wyzant because that was like my main competitor, I did everything I could possibly do to at least speak to someone on the inside, I searched up some of the people working at wyzant on linkedin, I sent out emails to their information centers, I found a number that I could call and I actually got to speak to someone but they didn’t have an inside connection to talk to one of the actual people who built/created wyzant, they only has access to tutors who are registered under the company. So Wyzant was a failure and I was sad about that because this is my first time hearing about them while I was doing research on this assignment. 

Although I was interested in speaking to a candidate from Wyzant, I really thought Chegg would at least answer me from their customer representative line or email because that is a company I am familiar with, but they did.

As none of the top five competitors got back to me I started reaching out to other secondary competitors and start up, I will list down all the companies I reached out to. 

  1. Varsity Tutors
  2. Babbette moore – this was a home private tutoring 
  3. Insta edu
  4. Kurslab
  5. Testive
  6. Toppr
  7. Tutting
  8. Turtee
  9. Ziizoo
  10. Moodle
  11. Tutor Vista
  12. Everly
  13. Flip Class

I believe these were all the companies I reached out to from my sent emails. 

Good News!!! I got to interview someone last Tuesday 23rd and I will make a new post about it. 

Posted in MGT 5985 Product

Lean Canvas and Justifications.

JUSTIFICATIONS:

Problem.

These problems I have stated are what I go through personally when working in group tutoring and it is not just a personal problem for me but for other college students. People complain how they aren’t able to get quality time with tutors or professors at office hours because they are busy attending to three or four other students within a two hours time frame and that isn’t enough time to solve or explain questions that a student is having difficulty with. People get intimidated by other students in group tutoring, they find it hard to ask questions because it is easy for other students to answer and they think it’s a shame for them not to know it.

Solution.

I came up with the solution of developing a Private tutor app to find a quality professor that can have a one on one with students in the United States. There will be tutors available both on weekdays and weekends, with multiple time slots that work with students’ time schedules. This will help students to worry less about finding the right time. The mode of teaching will both be online and in person to bring comfort for students or tutors who can’t make it in person or tutoring late hours. 

        Unfair Advantage. 

As we are targeting college students we already have the existing customers that will be in need or this app. Students will want to also interact with other students, so we have it possible for students to also connect with one another and share the problems they can be having too. We will build our website to be user friendly and easy to use for our customers.

Key Metrics. 

In order to monitor our performance, I will be reaching out to students to complete surveys on the tutoring app to know exactly what we can be doing wrong and how to fix the problems they are facing for them to have a better experience with the app. I will be watching the amount of active users on the app or count the number of downloaders we get within each month, to know if we are at an increase in customers or decrease. 

      Customer Segment.

The Private tutor app is focused on Undergraduate and graduate students or people who are done with university but preparing for external exams such as CPS, CFA, COMPTIA. I believe these are the people that need it the most because they need every little help they can get to understand what is being taught in their classes and to pass their exams with the help of private tutors. 

Unique Value Proposition.

For our optional users, we have to have unique features that are different from other tutoring apps. We want an efficient and effective app that will be able to serve both tutors and students from different colleges. I came up with a new mode of payment, instead of paying a monthly fee like every other tutoring app, students and tutor can pick their mode of payment, either by paying cash, buying the tutor breakfast, lunch or dinner and avoid paying taxes. The app will be a session where tutors are allowed to share previous exams for various classes, this will help students be more prepared for their exams and have an idea of what to expect. 

Channels.

For our channels we want to focus on reaching out to our potential customers through school website newsletters, sending out emails to students, creating blog posts on schools websites. As we get new customers, they can refer other students in exchange for a free tutoring session. I will be showing ads on educational youtube videos and social media posts through instagram, twitter, facebook and tikok. These will help make our business known and grow with more valuable customers.

Two assumption that must be true to make the idea succeed;

  1. To find a tutor that will be able to fit student schedule.
  2. Tutors that will be well trained to meet students needs. 
Posted in MGT 5985 Product

Updated Problem-Solution Concept.

I believe we all like when we can do things on our own time schedule, in our own space without any distraction. As a college student I have had problems with meeting up with professors during their office hours or staying after class to meet with them to explain something I might have not understood because their office hours doesn’t fit with my work or school schedule, it difficult for me to stay behind because I have another in ten minutes and the professor takes attendance early so I can afford to be late. These problems are why we get to have tutors who are capable of explaining and finding solutions to the problems you are struggling with at school providing different time slots that can work for you on both weekdays and weekends.

Group tutoring is very common in college, you book an appointment through the school website to meet up with a certain tutor that qualifies in the class you are having difficulty with. Tutors attend to you and about three other students with only two hours availability, personally I don’t think that is sufficient or convenient enough for students who are struggling or lagging behind class especially when they have midterms or final to prepare for. With all these problems we are facing, I have decided to come with an idea that will work better for a good amount of college students who are in this boat. In order to find the right time, the best tutor, one on one meet-ups without distractions and at your own conveniences, building a digital private tutor App will be the best solution.

A private tutor app will be available for all college students in multiple schools, it will allow students to search for a tutor that teaches the class they need help with, it could either be a tutor from their school or from a different college, giving students the flexibility to choose what works best for them. There will be multiple time slots available everyday, both online and in person, giving the student options. Online Tutoring will have the option for students to record the session in case they need to reference back to what their tutor taught. Students can drop reviews on the tutor to give other students an idea what it is like working with that tutor. The private teaching will help students who aren’t confident enough to ask more questions and be comfortable expressing themselves without any interruptions or side comments. The app can be designed to let you know if the tutor ones took the same professor as you and can teach you the way the professor teaches in order to pass exams. All tutors must be registered under a school and any in person meet ups will be strictly held within school premises for safety purposes. 

Image result for private tutor college students

Private tutor apps give students more room to have assistants in solving their academic problems, creating a safe space between the student and tutor. Students can pick the tutors that work with the time schedule, have enough time to meet with the tutor and go through their class difficulties.

Posted in MGT 5985 Product

Problem-Solution Concept.

Image result for problem solution concept

When I started at baruch college in Fall 2018, I was accepted into Zicklin and I was told I had to have up to 124 credits to graduate, I was a bit confused and I thought they made a mistake. I went to the advisor and I asked if everyone had to graduate with 124 credits or 120. The advisor explained and said everyone had to graduate with 124 credits, that’s part of the school requirement in other to graduate. I wasn’t really troubled about the whole policy until my junior year when I had on my plate, I was working full time, while going to school in person, it was quite a lot for me and I was overly stressed out.

The problem here is why aren’t students given the option to either graduate with 120 credits or 124 credits. So many college schools I have heard of or know about graduate with 120 credits, I started my freshman year in College of Staten Island before I transferred to Baruch and it was 120 credit required to total class credit graduate, Baruch college was the time I heard about 124 credit.

This is a problem for me and I believe for most other students because with that extra one class we have to take, it is equivalent to three or four credit of an elective course we do not need for either our minor or major. it is seen as a waste of time for people who have lots of work to do outside school, removing that extra course could reduce a lot of workload and relieve their stress. They can input that time into their other important classes that they actually need to graduate. That one less class can reduce and save people from spending a lot of money on tuition and fees. You won’t have to purchase a textbook, or get an access code to do an assignment that is not related to your degree, it saves people money especially international students, people borrow loans and end up going through a-lot of troubles because it is hard for them to pay it back.

Nowadays most jobs requirements are finishing with a bachelor’s degree of 120 credits except you are going for CPA, which is 150 for accounting majors, so it is not like you won’t end up with a good job after you graduate with 120 class credit. I believe this is important to solve this because people struggle with real life problems especially financially wise and this might not be seen as a major problem but it is. About 54% of university students drop out due to financial problems and I think giving students the option to graduate with either 120 or 124 credit will reduce people’s decision making on dropping out, reducing workloads for them, less tuitions and time wastage.