Developed (hypothetically) by a company called ExpertsFromIndia.
Stutor is in dire need of a great technician, someone who can manage the web traffic, troubleshoot, program, etc.
May be considered a potential partner for the business.
The best scenario for Stutor is if some colleges or high schools are willing to develop a partnership with us, which would help expose the business to the students in the respective schools. Stutor could also offer free tutoring sessions to the students of each respective schools, after having working out some sort of a deal with the school (similar to how Uber gives free rides to all USC students within 2 miles radius of campus).
4 months after launch, Stutor aims to have 50 tutors signed up.
Hoping to raise about $10,000.
It took about 2 months for EFI to build the app.
Hypothetical assumption: 10 sessions a day at $40/hour = $400/day x 15% = $60.
$9,000 is approximately the cost of app and web development. So about 150 days to breakeven the cost of development.
By the month of November, Stutor has high hopes of already making a profit. This is assuming that the number of tutoring sessions take place at a steady rate with minimal fluctuations. Most ideally, as the business markets itself and grows, more tutor will be signing up and more sessions will be available a day which will generate more revenue.
Set up a booth at a busy intersection to talk to customers and acquire their feedbacks. Gained only 11 people to sign up after the first 2 hours.
Found the perfect opportunity for a test group at the book fair held on campus for preliminary test for customers. Approached different kinds of people ranging from young teens down to their parents.
As soon as the app goes on the market, Stutor is hoping to start its first tutoring session on this day!
Marketing campaigns utilizing marketing companies and methods such as AppShouts (to get featured on articles and expose Stutor to the mass)
Go over every details of the mock website and the logo itself, make any changes if needed and finalize it.