Clearing Things, Last Consultation
Choosing the right services can significantly impact the financial status of the business. Charge too little and you won’t cover your operating costs. Charge too much and your customers will decrease. There is no fix way or science to pricing and there often isn’t a single formula you can use in every case, but it is very essential to evaluate the way you price your product or services and determine whether the strategy and tactics you’re using is really the best one for your business.
In our presentation this week, we showed our possible target subscribers every month and how much can we spend to gather or acquire them to subscribe to our site. However, our adviser pointed out that if we charge the same price with our rivals how can we attract clients when we offer similar services at exactly the same price? Customers might choose to go with our competitor since they are already known in the industry. And our challenge is, how can we get customers? So, we emphasize the difference from us to our competitors and details are being set as agenda in our consultation.
During our consultation, we presented our BMC and Wireframe, we made specific changes in our BMC and a huge additional feature in our site. The concern of our instructor is that how can we keep the customers busy in our website when they are signed aside from checking their notifications.
Our advisor propose an idea that will keep them busy, and our team decided to add a “News Feed” feature as their home page. The news feed are post from tutors and tutees that are searching for tutors or tutees and to limit what they are going to post, we will provide them fix templates on what they want to post to limit them from posting their contacts especially in Online Tutoring.