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SKFREE
EXECUTIVE SUMMARY
SKFEE is an application which is used for FINANCIAL
TRACTIONS in the Educational Institutions
Ex: School Fee , College Fee
Why App not a Website ?
From the Statistics it was found out that the number of majority
users in the Market were Mobile users around 60%
Course of Action
New app is Introduced into the market for the Customers to
Benefit and App has to INCREASE its MARKET SHARE to be the
top player in tis Category
SITUATION ANALYSIS
Company
Overview
Market
Overview
Target
Customers
Strategic Goals
New app is Introduced into the market is to improve its MARKET
SHARE
Core Competencies
It Satisfy the WANTS of the costumer by providing SERVICE with
the help of app
Strategic Assets
Ad’s Free, FREEMIUM type, Offer’s on FEE REDUCTION of
underprivileged/Merit Students
Company Overview
As new Entry to the Market a Survey is to be conducted
WHY?
To search for
Potential Customers (school&college Parents)
Competitors (Paytm)
Collaborators (Educational Institutions)
Market Overview
QUESTION’S SHOULD ASK?
Target Customers
What app offers
to the Target
Customers?
Payment of
School Fee
through App
Why is it better
that Other
Competitors ?
It provides better
incentives than
the Competitors
GOAL
Target to have a 10% market share in
the Targeted Market
Net Income of 20 Lakhs
Collaboration
with at least
50 schools to
use this app
for financial
transactions
STRATEGY
Target
Market
Value
Proposition
TARGET MARKET
TARGET MARKET
Target
Market
Customers Collaborators Company Competitors Context
CUSTOMERS
• Customer needs PAYMENT OF FEE without direct cash involvement, demand draft etc.
• This app provides a platform to pay the fee without the above process by ONLINE
TRANSACTIONS
COLLABORATORS
• The App acts as a channel to the CUSTOMER and the EDUCATIONAL INSTITUTE
• It also aims to follow the its strategic goals like establishing a certain MARGIN IN THE
MARKET
COMPETITORS
• PAYTM is one of the biggest competitor if viewed in application
• BRAND Value is well established in the market and highly funded by VENTURE
CAPITALISTS
Market OverviewValue Proposition
Value
Proposition
Company
Value
Customer
Value
Collaborator
Value
Value Proposition
Customer Value
• Customers are Value MAXIMIZERS
• Buyers will buy from the firm that they perceive to offer the highest customers so to achieve that
company show optimize to have highest value
Collaborator Value
• It’s a function of product’s perceived performance and the buyers expectations
• To increase its Value it has to meet the expectations of high end customers and with it obtains the
LOYALTY
Company Value
• The Company’s CUSTOMER RELATIONSHIP MANAGEMENT (CRM) should focus on the
developing programs to attract the right customers and by that to increase its Value
TACTICS
PRODUCT
• Freemium App
• Productivity
• Payment of
Fee
• Cash on
Delivery
SERVICES
• Productivity
• Payment of
Fee
INCENTIVES
• Fee reduction
if yearly fee
paid at once
• Scholarship
available
IMPLEMENTATION
INFRASTRUCTURE
• Managing the
servers and the
transactions
• Management of
fee collection
members from
home
PROCESSES
• The idea is
pitched to the
collaborators
and show the
onboard schools
and statistics
data that benefit
them
SCHEDULE
• Update on the
fee structure and
meet the targets
that are set by
the company
Place your screenshot here
Android project : SKFREE
Logo of SKFREE app
which is used for
PAYMENT OF FEE
Design By
Nallamothu Satish Roy, IIT Kharagpur
Under an Internship by:
Prof. Sameer Mathur, IIM Lucknow
SKFREE

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SKFREE

  • 3. EXECUTIVE SUMMARY SKFEE is an application which is used for FINANCIAL TRACTIONS in the Educational Institutions Ex: School Fee , College Fee Why App not a Website ? From the Statistics it was found out that the number of majority users in the Market were Mobile users around 60% Course of Action New app is Introduced into the market for the Customers to Benefit and App has to INCREASE its MARKET SHARE to be the top player in tis Category
  • 5. Strategic Goals New app is Introduced into the market is to improve its MARKET SHARE Core Competencies It Satisfy the WANTS of the costumer by providing SERVICE with the help of app Strategic Assets Ad’s Free, FREEMIUM type, Offer’s on FEE REDUCTION of underprivileged/Merit Students Company Overview
  • 6. As new Entry to the Market a Survey is to be conducted WHY? To search for Potential Customers (school&college Parents) Competitors (Paytm) Collaborators (Educational Institutions) Market Overview
  • 7. QUESTION’S SHOULD ASK? Target Customers What app offers to the Target Customers? Payment of School Fee through App Why is it better that Other Competitors ? It provides better incentives than the Competitors
  • 8. GOAL Target to have a 10% market share in the Targeted Market Net Income of 20 Lakhs Collaboration with at least 50 schools to use this app for financial transactions
  • 12. CUSTOMERS • Customer needs PAYMENT OF FEE without direct cash involvement, demand draft etc. • This app provides a platform to pay the fee without the above process by ONLINE TRANSACTIONS COLLABORATORS • The App acts as a channel to the CUSTOMER and the EDUCATIONAL INSTITUTE • It also aims to follow the its strategic goals like establishing a certain MARGIN IN THE MARKET COMPETITORS • PAYTM is one of the biggest competitor if viewed in application • BRAND Value is well established in the market and highly funded by VENTURE CAPITALISTS
  • 14. Value Proposition Customer Value • Customers are Value MAXIMIZERS • Buyers will buy from the firm that they perceive to offer the highest customers so to achieve that company show optimize to have highest value Collaborator Value • It’s a function of product’s perceived performance and the buyers expectations • To increase its Value it has to meet the expectations of high end customers and with it obtains the LOYALTY Company Value • The Company’s CUSTOMER RELATIONSHIP MANAGEMENT (CRM) should focus on the developing programs to attract the right customers and by that to increase its Value
  • 15. TACTICS PRODUCT • Freemium App • Productivity • Payment of Fee • Cash on Delivery SERVICES • Productivity • Payment of Fee INCENTIVES • Fee reduction if yearly fee paid at once • Scholarship available
  • 16. IMPLEMENTATION INFRASTRUCTURE • Managing the servers and the transactions • Management of fee collection members from home PROCESSES • The idea is pitched to the collaborators and show the onboard schools and statistics data that benefit them SCHEDULE • Update on the fee structure and meet the targets that are set by the company
  • 17. Place your screenshot here Android project : SKFREE Logo of SKFREE app which is used for PAYMENT OF FEE
  • 18. Design By Nallamothu Satish Roy, IIT Kharagpur Under an Internship by: Prof. Sameer Mathur, IIM Lucknow