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Congrats on the launch! Question about pricing. I picked a random course (guitar) and it said it was $15 for a course with a ratio of 1:6 for 60 minutes. So fr
by endisneigh 5y ago
Congrats on the launch!
Question about pricing. I picked a random course (guitar) and it said it was $15 for a course with a ratio of 1:6 for 60 minutes. So from the kid's perspective their parent is paying $15 for 10 minutes (assuming 1 on 1 time is distributed equally). This gives us a 1 on 1 time hourly rate of $90 / hour. In NYC a high quality piano teacher (for example) is $100 an hour for 1:1. An average can be had as cheaply as $50.
Can you explain how the value-add is higher here compared to my example? Seems pretty expensive IMHO.
There was actually another startup introduced today in the other thread that did something similar for therapy, but in that case it was actually slightly cheaper than therapy with insurance, albeit their therapists weren't as qualified and the group sizes were larger.
I'd either increase the group size and decrease the price or demonstrate on your site that it's worth more than in an person experience somehow.
Edit: oh not all the classes are the same ratio. Most seem to be 1:6 so I’ll leave my comment as is. Guitar specifically is 1:3
- mherrmann 5y agoNot affiliated with the product but you are discounting the value of the remaining 50 minutes to zero.
- kaustubhkhade 5y agoRight. The fact is that kids learn a lot from being in a class with our kids as well. Music is a format we're still experimenting with ratios, but our communications courses benefit from there being more kids in a class.
- namanyayg 5y ago(Not affiliated) I think you misread -- it says Guitar Intermediate for $7 for 60 minutes at 1:3 ratio. I was paying $7 for 60 minutes 1:1 some 10y ago so it seems fair enough. Of course tho they're pricing it higher than what local Indian teachers would charge; I think they can get away with that due to the affluent target audience.
- endisneigh 5y agoAh yeah you’re right - I clicked a few and saw that the price per session and ratios were the same. Didn’t realize that some had smaller ratios. Though I’d say my feedback is still the same. I’d be interested in seeing a recording of how it works from the kids point of view (only seeing the instructor).
- kaustubhkhade 5y agoMusic ratios are being experimented on. Smaller classes here definitely work better. But for debate or public speaking or event photography, kids are learning a lot from (and teaching) one another.
- anushreegoenka 5y agoFor instruments, we keep class sizes to smaller ratios (upto 3). The class time isn't just divided across each student to get 20 mins of learning per student (in a 1 hour class of 3 kids). It would equate closer to 40 mins of learning time (with about 20 mins of time when other children are playing and one is only watching, instead of practicing by themselves. Instruments are a very different case, a lot of practice also needs to be done by the students themselves, and we enable that with supporting recordings and instructions. In other courses such as art or debate etc., the entire 60 mins is learning for the student, and the group actually adds to the learning experience. But fair point that consumers may perceive it in this way, and we can improve our communication around it. Thanks for pointing out!
- kaustubhkhade 5y agoThe ratios really depend on the course. In our debate classes, having more kids = more points of views / approaches. Kids benefit exponentially from exposure to other kids. That being said, we're working on finding the right ratios for all our courses.