Date post: | 08-Jul-2015 |
Category: |
Education |
Upload: | kirill-bigai |
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Marketplace for local and online personalized education
Marina, Kiev
Local classes with local tutors
Peter, Kiev
Online lessons become affordable
Ekaterina, Kharkov
Michail, Moscow
Online lessons with top-notch teachers
Roman, Lvov
Suzanne, Boston
Online group classes with top-notch teachers
Roman, Lvov
Li Qiang, Shanghai
Isabella, Rio de Janeiro
Suzanne, Boston
Local and Skype/Hangout Tutors
Technological advantages in details
• Internal search based on 20 ranging points
• Internal messaging system with Natural Language Processing
• Integration with top social networks
• Integration with top payments system in each country
• Integration with video services such as Google Hangout
Tutoring market is huge
CIS $1 BN
$54 BN
Online tutoring is growing № of search queries has been increased for 55% within last year
Competition Main players on the market
Proven Business Model 100% from the 1st lesson and 18-33% for the following
Life Time Value Acquisition cost
Profit
$12$13.5
$1.5
Smart marketing strategy All channels are scalable
• Content marketing
• Social media marketing
• Email marketing
• Context advertising
• Search engine optimisation
• Remarketing
Key metrics
• Average gross revenue – $2000/month
• Burn rate – $5000/month
• Average № of hours – 200/month
• Average № of payments – 140/month
Planned number of tutors March 2014
Planned net revenue March 2014
Planned number of payments March 2014
Roadmap
• Apr 2013 – Launched in Kiev, Ukraine
• Jul 2013 – Launched in 7 more cities in Ukraine
• Sep 2013 – Added Commission Business Model
• Jan 2014 – Launched in Moscow, Russia
• May 2014 – Launch in All Big Cities of the CIS
• Jul 2014 – Launch Online Group Classes
• Aug 2014 – Reach Break-Even Point
• Jan 2015 – Start Scaling Globally/Adding New Verticals
Thank you for your support!
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Kirill Bigai
CEO, Preply
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preply.com
Thank you for your support!