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Language Tutoring Platform

Language tutoring platform for students and private tutors for live lessons

Description

✨ Editor's Choice

Profitable language tutoring platform with $150,000+ in TTM revenue and $83,000+ in TTM profit that connects students with private language tutors online globally for live one-on-one lessons. We offer ten popular languages: Spanish (most popular), English, French, German, Italian, Portuguese, Arabic, Russian, Mandarin, and Japanese.

Highlights

✅ $150,000+ in TTM revenue ✅ $83,000+ in TTM profit ✅ 40,000+ targeted email list ✅ 300+ pre-vetted tutors for ten languages (plus 5,000+ email list of applicants) ✅ Competitors: iTalki, Verbling, Preply, Cambly

Business model and pricing

Subscription-based.

Majority of customers are on prepaid 6-month plan, ranging from $59.99/mo to $179.99/mo.

Tech stack this product is built on

React, AWS, Node.js

Product competitors

  • iTalki
  • Preply
  • Verbling
  • Cambly

Growth opportunity

  • We currently do zero paid marketing. With the gross margins, price point, and lifetime value of each customer, running Facebook ads targeting similar language learning apps profitably will be the biggest low-hanging fruit to grow faster
  • Grow affiliate partnerships (already set up with Shareasale) with influencers in language learning, travel, personal development, and share profits
  • Increase pricing. We are still very underpriced compared to the competition
  • Expand into new languages and recruit new teachers. We will provide a list of 5,000+ teacher applicants that you can reach out to from day one
  • Test and improve conversion rates by trying new pricing strategies, payment plans or packages.
  • Explore B2B route. We had Moet Hennessy as a customer previously, and get inbound inquiries that we weren't able to pursue fully due to lack of time.
  • Improve conversion rates
  • Increase pricing
  • Increase digital marketing
  • Expand to new markets
  • Focus on SEO

Key assets

  • SEO Traffic/Domain authority
  • Email list: 5k+ teacher applicants
  • Hundreds of pre-vetted, interviewed teachers active on platform with user ratings
  • Hundreds of affiliate partners (Shareasale) promoting the brand
  • Codebase and IP
  • Website
  • Brand
  • Social media accounts
  • Marketing materials
  • Domain
  • Customers

Reason for selling

Over the past two years, our time, investments, and resources have been fully focused on a new startup, and we want to pass the torch to someone who can take what we've built and bring it to the next level.

Financing

Bootstrapped

Facts & Figures

Business Start Date

February 2016

Post Sale Support

Yes

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