Well if you don't think you can do it yourself maybe look for funding to hire some help? Did you get a change to read this today? http://www.ycombinator.com/imaginek12.html
Ask HN: sideproject, generating revenue & profit what's next?
11–20 of 37 posts
Re: Ask HN: sideproject, generating revenue & profit what's next?
#12Re: Ask HN: sideproject, generating revenue & profit what's next?
#13You've solved some of the hardest problems already - getting the initial traffic, a decent product, initial user base, and marketing. You need to work on profitability and market size. I agree that you should keep the free exercises to keep traffic flowing to your site. Don't focus too heavily on these, though. Without knowing much about your market or product: - Estimate the size of your market. A back of the envelo…
Years ago a friend of mine doubled the price of his software product and sales went up because it now seemed more professional.
Re: Ask HN: sideproject, generating revenue & profit what's next?
#14- which subjects make most sense to expand into (math, science, languages, ...) ?
- maybe there is an opportunity to have former teachers create exercises for you (as freelancers). They have a lot of experience creating exercises, after all.
- including subjects like math could make it easier to expand to other countries, though I don't know how different education systems are (maybe the UK, Germany, France would be interesting as they large markets but of course there are other factors like fragmentation of the educational system in Germany, for example)
- as someone else has already suggested make it attractive to invite your classmates to your website. Rather than offering cash maybe free months (after their current subscription period) or discounts if enough students from one class sign up would be an option.
- maybe offer more options to obtain classroom membership, e.g. sponsored by parents, more than n people from one class signing up, maybe even local businesses as school sponsors but that could have the negative side affects you mention about ads)
- maybe offer "gift" memberships and free months if a group of students sign up at the same time, things like that?
- would it be attractive to people offering private tutoring to have a "group" membership for their students (e.g. up to n students/year) which includes seeing results of their students) ?
- maybe including other subjects provides an opportunity to raise prices, i.e. charge separately for additional subjects but offer a "all subjects included" premium membership.
You have not included a link to your site (or I missed it ?), would love to take a look.
Good luck with your business (and your parenthood!) :°)
(I'm more of a developer who cough failed with businesses twice so my suggestions should be taken with a grain of salt)
Re: Ask HN: sideproject, generating revenue & profit what's next?
#15I also like the idea of comparing it to private tutoring, which parents are definitely willing to fork out some money for.
Re: Ask HN: sideproject, generating revenue & profit what's next?
#16- Don't sell to students, sell to parents (apart from the schools of course). They are more motivated to than children to pursue good grades and they have money.
- Charge more. If you lose users, so what? You've only lost the ones that you can't make money from in the first place. (although I see that you've raised the price already).
- Your wife doesn't sound committed. No selling the thing (migrate to a new domain now to get rid of the name association, what's the problem?), no charging more out of fear, fear of losing control. If it's a hobby for her, and you want it to be more, you have a problem. Solve this first.
- Find subject experts on a profit-sharing basis if you don't want to invest any money (although seriously at your age and your household makeup, 5000 euros should not be a major problem and it would get you sufficient content for 5 different subjects).
- If you will work 4 days after your baby is born, you'll have even less time than you have now to work on this! This one day will be full-time babysitting unless you take her to day care, which I presume you'll only do for 3 days a week!
- The way your website is structured, it doesn't seem to be easy to expand into different subjects.
- The 'original' website (with the free content) looks like a 1997 Geocities page. It also doesn't make many attempts at upselling, apart from some small links to the premium version.
- Have you tried calling schools, or the associations your wife is a member of? If she uses it, ask her colleagues why they don't. Then fix those issues.
Re: Ask HN: sideproject, generating revenue & profit what's next?
#17Re: Ask HN: sideproject, generating revenue & profit what's next?
#18Re: Ask HN: sideproject, generating revenue & profit what's next?
#19Some random thoughts: - Don't sell to students, sell to parents (apart from the schools of course). They are more motivated to than children to pursue good grades and they have money. - Charge more. If you lose users, so what? You've only lost the ones that you can't make money from in the first place. (although I see that you've raised the price already). - Your wife doesn't sound committed. No selling the thing (mi…
Re: Ask HN: sideproject, generating revenue & profit what's next?
#20Perhaps a quick chat with patio11 would help here? I can't imagine a more appropriate HNer for the kinds of questions you have. He has been thinking about the education market for quite a while. He has long advocated finding freelancers who you can pay to build up content. What about hiring some freelance subject experts to build questions for you? That removes at least one burden to expansion and lets you trade mone…