BLOG 6 WEEK 6: COST STRUCTURE & REVENUE STREAMS

Business Model Canvas Cost Structure

Strategy

MathLaunch focuses on cost driven strategy, its objective is to provide low cost subscription for customers especially student users. In order for them to avail the product that is very affordable. Ensuring that with the low cost of service comes with a consistent lesson and topic for those who will avail.

Categories of Cost

MathLaunch is under the fixed category of cost. The cost of the service does not change since it is being conducted through online. All those interested can easily use our service without worrying any cost change. Cost change may only occur when a client upgrades his/her plan or avail our other services.

Economies

MathLaunch also provided group online classes which falls under the Economy of Scope. Aside from individual tutoring, group classes was also provided for tutors to teach specific lessons in a large scope. It benefits not only the customers but also the tutors because it makes teaching more efficient.

Business Model Canvas Revenue Streams

How will you charge?

MathLaunch tutorials will be conducted through online, making it more efficient for tutors and customers. In terms of the charges, it was provided on the website the cost of each plans. Customers can subscribe on plans they wanted to avail. Since it will be done online and it will be using internet connection, it will also be one of the factors that we have considered on the charges of each plan.

Who will you charge?

MathLaunch will not just only provide services for those who will avail tutorials. But also for those free users like the people who like and follow our Facebook page can also benefit from this. We will also provide free activities and games for the social media community. That they can engage in this kind of activities and hopefully we can attract customers from them that will avail our services. We will only charge those customers that will avail our tutorials while we will provide math related contents and activities for those who follow us on our Facebook page for free.

How will you price?

MathLaunch online tutorial prices will depend on the customer's subscription. The cost of the service depends on the number of hours for one-on-one lessons only and does not apply to group lessons. Mode of payment can be sent through GCASH Money Transfer or other online banking applications.

What is your price?

MathLaunch was created specially for students who were currently in online classes. Which makes it very affordable for them to avail. The price for one-on-one tutorial or individual tutorial is 200 pesos per hour every Wednesday. Prices may vary depending on the customer's desired number of hours. While for group lessons it will be 150 pesos that includes topic bundles that they wanted to avail.