Guiding you to College Success one step at a time! The Company Mission: To provide all encompassing relocation assistance to international students coming to US for the first time
Concept: Full service host and concierge entity that will launch initially at UTD with plans for expansion in the first 3 years Problem and Need Problem: Incoming International Students to UTD are faced with confusing pre-semester to-do list that is difficult to complete from abroad Language barriers and unfamiliar civic regulations can make getting situated complicated for new arrivals Services based abroad are often expensive and not well informed The Service We research, assist and provide transport for: airport pickup for immediate in person orientation safe temporary lodging long term housing options applying for driver's license, state ID Opening a bank account Vaccinations City and neighborhood tours The Market:
The number of incoming international students at UTD increased 65% for Fall 2012
UTD International Student orientation offers basic introduction but no personalized services
Students are faced with hiring an organization in their own country to make pre- arrangements
These services are expensive and provide no on the ground point person
The Market cont.
http://www.dreducation.com/ The Competition From airport to UTD: Shuttle services like city shuttle and supershuttle can cost $25-40. Taxi services that waits outside of airport can cost $55-75 DART is not convenient since it is not available at DFW international airport, only from Love field airport you the red line going north and stop at the Bush Turnpike Station to take Route 883 (UT Dallas Shuttle).
Hotels close to campus: see below link
Car rental rates for one week: economy class- full size class Enterprise: $176.41- 206.05 Hertz: 157.64- 186.00
Car sharing service on UTD: Zipcar
Tour guides for Dallas: Personal tour guide about $240 for 5 people Combination Tour - Dallas and Fort Worth: $100 for 7 hours Rides to UTD: (Prices depend on Non-stop/Shared/Executive Cars) Super Shuttle: $34-94 Yellow Cab Shuttle (Go) $29-85 Some UT Dallas student organizations provide transportation for new students from the DFW airport to campus. The following groups have provided this service in the past: Indian Student Association Bangladesh Student Organization Iranian Student Community Friendship Association of Chinese Students and Scholars
Tour Guides: Toursbylocals.com: $210 per tour around DFW airport, Dallas, Fort Worth (2-5 hrs)
Other education overseas: Nationality organizations at UTD
The Customer Students who are:
moving to Dallas for the purpose of attending UTD
looking for "springboard" to get them started with basic necessities of life in the area
would rather spend money to save time in the long run
where UTD students come from http://www.utdallas.edu/iweek/
http://www.utdallas.edu/iweek/ http://www.utdallas.edu/healthcenter/insurance/intl.html Marketing Strategy Types of marketing o Guerilla marketing o Viral marketing Methods of sales and distribution o Internet o Mailing (25% domestic, 75% international)
Seminars Abroad Promotional items o Gifts o Tri-fold brochures o Black and white flyers o Colored flyers Website University TVs and radio broadcasting Resources and Ops Facilities Physical location after year 1 Equipment Start with 5 vans, Add 1 per year Rented vans Future software updates yearly Advanced technology to keep track of operational efficiency Regulatory issues Visas Insurance for the customers Liscences a. Basic business operation license b. Federal employer identification number (EIN) c. Fictitious business name permit d. Sales tax license
Expansion plans New headquarters in foreign countries universities
Startup Budget
Website
$600.00
Travel
$5,000.00
Virtual Office
$2,028.00
Phone
$1,200.00
Computers and Software
$1,800.00
Bus Logos
$328.40
Lanyards
$100.00
Brochures
$124.00
Flyers
$220.00
Other Advertising
$1,500.00
Van Rental
$4,500.00
Bus Fuel
$5,000.00
Insurance
$3,290.00
Hotel
$8,925.00
Meals
$3,000.00
Entrance Fees
$2,000.00
Uniforms
$200.00
Executive Salaries
*
Employee Salaries
$6,400.00
Pay Pal
$2,500.00
Bank Fees
$2,610.00
Incorporation Fee
$300.00
Total
$51,625.40
* Executive salaries will be based on profit
Funding and Offering Initial funding will be provided by the two executives through savings and personal loans.
A line of credit will be immediately established in the business name and each executive will be issued a credit card.
Risks Service is not ongoing, so if target market not captured in time, opportunity is completely missed Cost may be immediately off putting for some Market penetration in target countries is new to the principals, seo not the same for foreign sites
Contingencies majority of marketing budget spent in 3 months leading up to start of fall semester
after first semester, develop grass roots word of mouth marketing to drive home value
utilize student employees' knowledge of social media in their home countries to gain visibility