ONLINE TUTORING FOR LOCAL ADVANCED LEVEL (SRI LANKA)
While it is always great to meet face to face when it’s possible, in today’s world, online tutoring is the way to go. Even when we are not in an era of social distancing, there is nothing like calling up a tutor on-demand.
The service comes up with a personalized work plan for each student. Students can register on the website and also tutors can register. This website is committed to finding the right match between tutor and student. Students can chat with tutors online before they book the appointment, if they are not satisfied after the first lesson, the service will hold. We provide the service to all the streams of students Arts, Commerce, BioScience, Maths, Agriscience also technology stream. The basic plan starts at Rs 500.00 per hour of tutoring.
Market and Environment analysis
We have done some researchers and analysis to develop this website. in the current market, there are so many online education platforms. but this website we have created only for the advanced level students and tutors. it is not practical to travel from Jaffna to Colombo to participate in classes every weekend or a weekday. So students can select their tutor online and learn the subject that they want. All the parents are busy with their jobs, they are unable to accompany their children to the classes every week. Also, they are live in different geographical locations.
We segment our market by economic strength. they can select their tutors by considering the tutor fees, We have university students, school teachers, and lectures as our tutors. Students can select any of them as their wish.
There are two environmental factors at play in online education.
Change in Energy Consumption: Online education definitely requires electricity as well as internet facility. In Sri Lanka, there are some areas that still do not have good internet strength. But as the current situation, the government is working with the telecommunication companies to increase the strength of the internet signal.
The decrease in paper waste: Shift to online learning would most certainly decrease paper waste. With digital materials, there is nothing tp get rid of at the end of the examinations. This is a positive effect.
Overall this website has a lot of potentials. It can revolutionize the way we learn by providing affordable, high-quality education to students across the country. while possibly reducing the environmental impact of physical classes.
Business Model
Students can select their tutor from the website, the applicable fee per hour also mention with the tutor's name. we charge 10% of the tutor fee as our commission. This is a transactional-based business model. Students will get portal access to collect their lecture materials, the tutor can save them to the relevant portals. Students will get monthly tests and progress reports. Students can give their responses comments and suggestions about the tutors and the areas that change or develop in the website.
Prospective Clients
We welcome all the tutors who can teach advanced level subjects in Arts, Commerce, Science, Maths and technology stream in the three medium(Sinhala, English, Tamil)
Also the students in the above streams and mediums.
Information technologies we Use
This is a web-based application. We providing live streaming video and audio to the students to give the proper classroom experience. Students can ask questions and discuss the lessons at the same time. All the lecture materials exam papers are saved in the online portal, Both students and tutors can access the portal. Separate portal logins will be created. The real-time chat feature also available.
IT Architecture
We are providing a web-based software solution. We are planning to use client-server architecture with cloud computing. A simple diagram is below to shows the architecture.
Revenue Streams and ROI analysis
Revenue
The main revenue stream on this website is the commission we charge from the tuition fee. It is 10% of the tutor’s fee.
Also, we will get the advertisements from third parties, those advertisements we will get only from the higher education and professional education companies like overseas higher education, CIMA, CASL.
ROI
As per our estimations, we got roughly 54.33% return on investment.
When the question of long term stability, the Education sector is day to day developing sector. Also, the Advanced Level examination is more important to the students since this is the exam that they can enter into a reputable university. Also when considering the travelling issues, time allocations, after school classes like practical world questions students and parents are more prefer to move into online tuition options. As we can give the opportunity to learn and teach from anywhere at any flexible time there is a high possibility to increase the number of students and number of tuition time. So we can earn the income from the commission from the tuition fee. Also when registered students increasing we will get more advertisement and advertisement income will increase.
To sustain in the market we will rapidly develop our website to meet new requirements from students & tutors. Also, we can update our website with the new information technologies which will innovate in future.
