Question: What could be the value proposition for this particular business idea? Suggest a suitable value proposition for the following business idea in about 500 words
What could be the value proposition for this particular business idea?
Suggest a suitable value proposition for the following business idea in about 500 words including the criteria in the image.
''my business and me help aspiring students to succeed the competitive exams by providing precise study materials and notes which could help them crack those competitive exams as those notes would be precise to the important topics which would help save their time, helping them concentrate on various important topics covering major topics. The following is my elevator pitch summary for the business idea and a few suggestions on how I could improve and bring a positive change into it.
Since the students in todays contemporary world are indulged in so many activities and do not get much time to prepare effective notes which can help them to succeed in their career, our organization therefore addresses their needs and resorts to assist them in preparing comprehensive notes for them once they associate with us.
Solving this problem is important because students have the potential to ace various competitive examinations if such notes are made available to everyone as it eliminates their Hussle to visit various sources to get good idea about the concept.
The innovative thing about our solution is that our organization collaborates with the institutions and colleges apart from the individual students and provides collective services once syllabus and course guidelines are supplied, thus relieving the financial burden of students by coming up just as addition to institutional fees.
We solve this problem by offering a collaborative environment to both institutions & students where they can get both printed and online pdf's and documents with attractive pictures or graphs prepared by our subject matter experts and proficient staff to better understand the course material and concepts.
This solution can benefit not only students of varied degrees or grades but all the institutions through helping to improve grades of students and thereby improving scope of credibility and goodwill for institution.
Our major competitors are online teachers who provide assistance to students in their studies ,there are addressing this problem by saving time of students from visiting tution centres.
Our solution does not put any finance burden on students, as rates of getting documents ready are reasonable and even negligent if student uses our services as part of institution. Moreover it saves student from hussle of enrolling into tution centre.
We are right to fill this gap because we belong to the community of education and teaching and can thus act in the best welfare of our students(customers)''
Your report should include the following information: 1. State your value proposition for your business idea in your Assignment 1. A value proposition is a promise by you or your company to a targeted customer or market segment. The proposition is an easy-to-understand reason why the customers should buy your product or service. 2. Explain the innovations embedded in your value proposition. It could be new technology, a new feature or a function in an existing product, or a new way of production or delivery, or a new business model. 3. State the assumptions in your value proposition. For example, who your customers are, what their requirements for the product/service market you are aiming to enter, what their pain points are with the current offering, and how much they are willing to pay for your offering, etc. 4. If appropriate, test your assumptions using simple methods. For example, you can do a very small sample survey of your targeted customers, or you can talk to a typical user in your targeted segment (imaging those in the middle of a bell-shaped curve of your customers)Step by Step Solution
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