Launching a new business - Polystutor (presentation)

Page 1

ENGL 325 English for Professional Communication

Intermediate Tutorial Service 補習中介服務

Lee Pak Ki 09007324D Lee Sin Ming 09369162D Shum Mei Yee 09169328D So Sze Kar,Carrie 09143324D Tam Lorna 09012434D Yip Kwai Kwan 09008067D


Outline • Introduction • Methodology • 6Ps - Service - Customer - Price - Place - Promotion - Seller • Time Schedule • Budget • Conclusion • Q&A



Intermediate Tutorial Service • Tutorial service centers act as middlemen • Recruit tutors in the internet • Help the clients to match the tutors





Tuition Centers

Application Application

Commission

Service

Service

$$$$$$ Parents and Students

Tutors



Tuition Situation in Hong Kong • According to the survey conducted by The Hong Kong Federation of Youth Groups in September in 2009 • 57% students had tutorial classes in past 6 months • 77% students had tutorial classes in last year • $500-$1000 : 28% • $1000-$1500 : 20%



Market in Hong Kong • Students are willing to spend money on tuition • The number of students who had tutorial classes is increasing

• More and more university students are interested in being a tutor In future, this service still has high market value in the society The market will become larger



Hong Kong Polytechnic University

Students

Many

Tutors

ďƒ provide many qualified tutors who study in or graduated from Hong Kong Polytechnic University


Objectives 1. Provide a platform for Hong Kong Polytechnic University(PolyU )students to find the part-time job 2. Provide a reasonable and comfortable environment to the tutors and clients

3. Build a good brand name for PolyU tutors



Methodology • Questionnaire survey • Distributed to students of the HK Polytechnic University

Objectives: • To collect information of our potential tutors on the following aspects: – Past experiences in private tuition – Attitudes towards related services currently provided in HK – Opinions towards our proposed service


Methodology • 86 respondents • 58% of respondents are female Distribution of Respondents (by Year of Study) 50% 40% 30% 20% 10% 0% Foundation Year

Year 1

Year 2

Year 3

Year 4


Methodology Distribution of Respondents (by Faculty) 40% 30% 20% 10% 0% FAST

FB

FCLU

FEng

FHSS

FH

SHTM

SD


Methodology • 63% of respondents have provided private tuition before Types of Private Tuition offered 100%

80% 60% 40% 20% 0% Academic

Musical Instruments

Sports

Visual Arts and Handcrafts

Others


Methodology Methods of getting the Tuition 80% 70% 60% 50% 40%

30% 20% 10% 0% Intermediate tutorial service providers

Advertisements and leaflets

Friends and relatives

Tutorial centre

Job board

Others



What is

?

Middleman Match Tutors and Clients Based on 1) Clients’ requirements 2) Tutors’ abilities Charge 1 week of tuition fee 

’s Income

People Involved:

Tutor

Agent

Client


1. Tutors

will provide different kinds of tuition, with the majority being Academic


1. Tutors Local PolyU students

Application process

- No Registration fee

HKCEE HKALE

Other certificates

GPA

No. of cases taken: Unlimited

Reference Letter

facilitate matching process


2. Clients  Type their criteria for tutors  Registration: Free of charge  Administration fee: $20  Changing tutor: Free of charge

POLYSTUTOR. COM My Criteria for tutor:

3. Agents  Collect the information of tutors and clients  Match tutors and clients  Within 3 days


Uniqueness

puts great emphasis on setting Commission and Reliability


1. Protection for tutors • Collect only 1 week commission • Provide a Maximum charge


2. Reliability PolyU graduateďƒ F.5 only

No proof of academic achievement


2. Reliability • Ensure that tutors PolyU students only  Reach certain qualifications • Establish confidence for clients to select tutors • Change tutors when necessary


3. Rewarding scheme No Rewarding Scheme

Claiming that one has a CHANCE to get $100

Return half of the fee

1. A Class Services Centre 2. EC Tutor 3. Sky tutor 4. Tutor OK 5. Tutor group 6. Go2tutor 7. Tutor Kingdom 8. Kitken Tutorial Centre

Kits-Tutor

Tutor-HK

10%

10%

80%


3. Rewarding scheme Time PolyU student No limit for the no. of cases referral

Successful referral

Not applicable to cases introduced by

$50 PolyU student


3. Rewarding scheme

is confident in launching this Rewarding scheme


Benefits Establish a brand of PolyU students as tutors Clients Ensure a good selection of tutors

PolyU students (Registered tutors) Less competition

Shareholders Earn money

Earn more money Provide a high standard of tutorial Apply what they Guarantee qualified service have learnt to serve tutors others



Departments Administration Parent Company

I.T

Sales and Marketing

Accounting

Personnel

Subsidiary Company


Administration

Parent Company

Make decision plans Give out salary

Accounting Budget

Information Technology Set up website update + maintain it Set up a group in Facebook attract more clients Provide technical support for other departments


Sales and Marketing Sales  Match tutors and clients  Call and Send emails to tutors and clients to recommend suitable cases  Contact tutors and clients to confirm the tuition  Ask clients for the Evaluation of tutors

Marketing

Promotion Agent Leaflets, advertisements, posters &online platform

5


Personnel 1. Customer service: ďƒ Handle Complaints and queries from hotlines, emails, letters in mail box

2. Recruitment 3. Responsible for Rewarding scheme

Clerk

2


How does the system work? POLYSTUTOR. COM

I.T

Step 1

Tutor

Client


List qualification Tutor

Register

Step 2

Client

List requirement


Tutor

Step 3

Matching

Agent

Confirmation Client


Tutor

Client

Confirm Identity

Step 4

Compromise tuition fee First lesson


Client

Evaluation

Step 5 Agent


First week of tuition fee+ Administration fee Client

’s bank account

Step 6



Customer - Tutor Tutor • Polytechnic University Full-time and part-time degree local students • The school of Professional Education and Executive Development (SPEED) students • Polytechnic University Higher Diploma and subdegree students


Customer - Tutor Polytechnic University student • Have offered private tuition Yes – 63% No – 37% No 37%

Yes

Yes 63%

No


Customer - Tutor • Are you interested in our service? 15% 85%

Yes No


Customer - Students • All districts of Hong Kong • All age groups • Types of tuition: No restriction on the nature of tuition For example, Academic Musical instruments Sports Visual arts and handicrafts



Price Tutor 1. Charge 1-week tuition fee as commission 2. Setting a maximum charge for commission ($500)

Client 1. Charge $20 as administration fee


Price •

Collect only 1 week commission Collect 1 week of tuition fee

Collect 2 weeks of tuition fee 1. A Class Tutor Services Centre

2. EC Tutor

NO

3. Kitken Tutorial Centre 4. Go2tutor 5. Sky tutor 6. Tutor group 7. Tutor –HK 8. Tutor OK 9. Kits-tutor 10. Tutor Kingdom


Price

• Among the present intermediate tutorial service providers, which aspect(s) can be improved? 60% 50% 40% 30%

57%

20% 10% 0%

Commission

reliability

amount of clients

customer service


Price • Most intermediate tutorial service providers charge commission of 2-week tuition fee. What do you think?

Too high (31%)

Too high High Reasonable

High (37%)

Low Too low


Price • Is charging 1-week tuition fee as the commission reasonable? No 16%

Yes No Yes 84%


Price Primary students tuition fee Grade

Market price (per hour)

Primary 1

$50 - $60

Primary 2

$50 - $60

Primary 3

$50 - $60

Primary 4

$70 - $80

Primary 5

$80 - $90

Primary 6

$80 - $100


Price Secondary students tuition fee Grade

Market price (per hour)

Secondary 1

$110

Secondary 2

$120

Secondary 3

$130

Secondary 4

$140

Secondary 5

$150

Secondary 6

$160

Secondary 7

$170


Price Musical instruments Grade

Fee(30-min)

Fee(45-min)

Fee(1-hour)

Grade 1

$100

$130

$150

Grade 2

$110

$140

$160

Grade 3

$120

$150

$170

Grade 4

$ 125

$160

$190

Grade 5

-

$180

$210

Grade 6

-

$180

$230

Grade 7

-

$220

$260

Grade 8

-

$260

$300

Grade 9

-

$320

$360


Price 2. Set a maximum charge ($500) for commission - To tutors, it is an attraction. - Is setting a maximum charge for commission necessary? No 22%

Yes

No

Yes 78%


Price • Provide a maximum charge Provide a maximum charge

Does not provide a maximum charge 1. EC Tutor

1. A Class Tutor Services Centre

2. Kitken Tutorial Centre 3. Go2tutor 4. Sky tutor

2. Kits-tutor

5. Tutor group 6. Tutor –HK 7. Tutor OK 8. Tutor Kingdom


Price Case

Tutor: Student:

Tuition fee: Commission:

Year 1 student BA English Studies for the Professions The Hong Kong Polytechnic University Primary 6 student PLK Dr. Jimmy Wong Chi-Ho (Tin Sum Valley) Primary School

•$80 per hour •Two hours per lesson •4 lessons per week First week: $80X2X4 = 640 (higher than the maximum charge) = $500


Price • Why set $500 as the maximum charge? - Secondary students 1 lesson(1.5 hour) a week (Form 7 student: $170 X 1.5 = $255)

- Primary students 1-3 lessons(1.5 hour) a week (Primary 6: $100 X 1.5 X 3 = $450)


Price Fee(HKD)

When should you pay?

Accept the case and start providing tuition

1-week tuition fee(Max: $500) + $20 administration fee

Within 2 weeks after the last lesson in the first week.

Reject the case before you provide tuition

No charge: If you inform us 3 days before the first lesson $50 for administrative fee: If you inform us less than 3 days before the first lesson

Within 1 week after informing us

Student’s parent stops the service within 1 week

One lesson fee - $20

Within 2 weeks after the last lesson in the first week

Conspiracy to defraud

1-week tuition fee + $100

Within 2 weeks after the last lesson in the first week

Deferred payment 5-9 days

1-week tuition fee + 10%

-

Deferred payment 10 days or above

1-week tuition fee + 20%

-


Price How do you pay? • The clients (parents of the student) deposit the fee in our bank account.



Place • Online platform • Website - the requests and registrations - Features and rules of service - Update information - Parents -access to the Internet


• Hotline • Cases from parents • Parents X access to the Internet • Work@Home •  X place



Promotion • Survey-PolyU students – 1. email – 2. leaflets – 3. posters

• these three means


• another target group –Parents • 2 strategies 1. Internet – Banners on forums – Advertisement -google search – Parents-access to the internet


2. Leaflets – Parents- X access to the Internet – housing estates – hotline number on the leaflet – Parents- access to the Internet effective X expensive



Seller • Survey -The most important factor tutors ->intermediate tutorial service • Reliability


蘋果日報

香港經濟日報

蘋果日報


Seller

• 1.rules, contract • 2. Business registration certificate


• Reputation & competence – Certificate and/or transcript verification – clients need not worry about the quality of tutors


• The second most important factor – Commission – Survey- PolyU students – 1-week commission - reasonable


Start business

May – August 2010

Recruiting agents & clerks

Designing website

Sept 2010

Hok Yau Club Preparing promotion materials License registration

Jan 2013

Revenue & expenditure balanced


Budget Statement of PolyStutor Dr.

Cr.

Expected Income Commission

720000

Advertising

8000

Administration fee

48000 776000

Expected Expediture Salaries Legal Fees

483840 2450

Rental of web hosting

600

Registration of web

200

Reward Scheme

30000

Advertising

20000

Promotion materials

7500

Repairs and Maintainance

5000

Telephone

1800

Miscellaneous Expenses

2050 553440

Net Income

222560


大學生開網上補習介紹中心 $57,000創業 月賺$13,000 壹本便利 | 2003-03-12

網上補習中介 導師逾萬 年半回本 香港經濟日報 | 2009-07-16

大學生創業自救 兩月收支平衡 香港經濟日報 | 2009-03-16


Demand for intermediate service with Price

0

+

D

Quantity


• Expand to other universities e.g. set up HongKong Stutor/ LingNam Stutor

• Cooperate with other organizations e.g. provide intermediate tutorial service in schools/ community centers


Reference • • • • • • • • • • • • •

http://www.tutor-hk.com/ http://www.tutorkingdom.com/ http://kits-tutor.com/ http://www.sky-tutor.com/ http://tutorgroup.hk/student/flow5.html http://www.tutorok.com/employ.php http://www.kitken.com.hk/ http://www.tutordb.net/main_aservice.php http://www.enzyme.com.hk/aboutus.html http://www.nowcyber.com/projects/tutor/ http://www.go2tutor.com/ http://www.ectutor.com/index.asp http://www.hkta.edu.hk/




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