I’ve been considering developing a software as a service (SaaS) application to assist students with their studies, but I keep running into the same obstacle: students typically don’t have money, therefore their parents would probably have to foot the bill.
However, I’ve seen other people developing SaaS solutions with students in mind (not sure if they are effective).
What keeps them so secret? Do they use freemium models, or are they aimed at parents and schools?
Is working on a project like this really worth it? I’m eagerly awaiting your arrival, folks.
There are many students who have disposable income; not all of them are impoverished.
Examine every student discount program available.
Value is key; if you can create a software as a service (SaaS) that improves the effectiveness, enjoyment, or efficiency of studying, you’ll succeed.
Some students also have mommy-daddy relationships. They will buy it if they desire it sufficiently.
Take a look at the products Logan Paul sells; there are teenagers waiting in line for them. I believe even his brother has started a new men’s business.
In any case, there are numerous SAAs and Jenni AI available only to students earning $500k+ MRR. One such is JotBot, which in just six months increased to $50k MRR.
Not totally accurate. Not all pupils are impoverished, and many resources are reasonably priced.
Yes. However, it is possible that, with great luck, one of the thirty students in my class will purchase a tool.
As a sixteen-year-old, I don’t really care about grades; my parents do.
And it’s a major issue for me since I don’t grasp eighty percent of what we do in chemistry. I utilized chatgpt, but it’s really stupid; despite my best efforts, I got nothing out of my prompt engineering.
I’m the ideal person to make this because I know precisely what I want out of it; the market is my only worry.
My parents are more concerned with grades than I am.
This sums up everything well.
You wouldn’t buy it because you don’t care.
Your parents are the possible buyer since they might purchase it.
Now, though, you have two people to persuade: even if the parent purchases it, they still have to persuade you, the student, to use it.
As a result, the offer has very little value because it causes more issues than it fixes.
Saying that private lessons are an easy sell to parents is because they come with a babysitter and social pressure for both the teacher and the student to get something worthwhile out of the service.
knowing the business, marketing, and offer includes knowing that.
Never engage in B2C. My one piece of advice after many failures is to always go for b2b. B2C is typically luck combined with an infectious component. Just so you know, at $75 per month, the one that eventually worked for me had the lowest pay tier. The majority of parents or students don’t cover that.
Yes, I am aware of it. I’ve tried making some of these before, but most of the time they don’t immediately see the benefit.
Businesspeople only care about a product that they can directly link to additional money, time, or anything in a business-to-business transaction.
Since you are an ordinary person, I believe it is far easier to determine what wants a regular person has than it is to determine what business needs other businesses have.
The largest startup in India at the time was an Edtech company valued at 22 billion dollars.Additionally, edteches received enormous support, and the majority still succeed today (albeit the 22B one basically failed).