Many of you already know that we sell subscriptions, but few ask: “Why subscriptions? Why are they necessary? Is it really impossible to get paid for filling out surveys without subscriptions?”
To begin with, analytic subscriptions are what we focus on. Not the referral system, not our career program, but analytics: this is the starting point of the TeachMeCash platform. While working at EdTech, our CEO faced a serious problem: poor-quality courses that were not aimed at a specific target audience at all. They were developed just for the sake of creating something! There was no demand at all.
An idea came up: to collect analytical data from people belonging to different segments and sell it to companies that create educational programs. Even at the idea stage, we got feedback from large companies. They lacked focused data, which affected monetizing their business. They were ready to buy analytics of the opinions of their future customers. We saw the demand and thought about how to implement the idea of collecting and processing data for further sale.
At first, we intended to create a common platform for collecting global data. But we noticed that the people who used the test version of our platform often had no idea what they were talking about. They did not know which technologies were popular and what was going on in the world of education. For many, it was a surprise that you now can remotely receive academic degrees and study without visiting a university in person.
We received one more request: a request for the market information from respondents.
Our partners approved this next step, and we began our work in this direction by creating regular digests for customers.
How does it work? Who pays for what?
In general, our product – the TeachMeCash analytical platform – can be described as follows: we provide clients with information services in the form of a subscription to analytical digests, and they also provide us with information services, by answering questions.
Partners ordered us to conduct marketing research for the year ahead, so the topics of our surveys and the questions are determined by those orders.
Now, everything is happening as we ideally planned:
– People still earn on knowledge.
– Partners still get their global sample analytics.
The only difference is our paid subscriptions for respondents, which help them discover the market, put together a vision and opinion about it, and provide us with reasoned answers to our questions. In addition, premium subscribers receive the maximum amount of useful information, which they can use both for working with our platform and in others spheres of life.
The money from the sale of subscriptions goes ONLY to fund the operation of our analytical center. To solve the initial problems described above, we needed an entire system of data collection and processing. Additionally, most market data is processed manually by professional analysts, and this is never cheap.
Where does the money for the referral program come from?
Some users are wondering where the money from subscriptions goes, if not for paying referral and career bonuses. The answer is simple!
First of all, we’ve developed a product, our information-analytical platform. We are going to open offline analytical centers around the world. While we grow, subscribers’ money goes to support our analytics department. Referral and career payouts are made ONLY from the partnering companies’ money.
Keep in mind that partnering companies have already paid us for market research. These funds are used to pay leaders for their activities in the referral program.
Let’s look at the subscriptions we offer:
1. Intention – $200 – basic information about the market and trends, which includes:
– our basic research;
– quarterly digests with analytics and forecasts.
This subscription is suitable for those who want to test the system, make sure that earnings are real, and find out how much they can really earn with TeachMeCash.
The price of an answer to one question from an Intention subscriber is $1.46
With bonuses: $2.48
2. Strategy – $5 000 – the most popular subscription, which includes:
– basic market information (Intention content);
– monthly digests with a deeper analysis of market news and brief industry forecasts.
It is suitable for those who are already convinced of the solvency and proper operation of the platform and want to increase their expertise in the EdTech market, as well as to grow their capital.
The price of an answer to one question from a ‘Strategy’ subscriber is $26.35
With bonuses: $44.82
- Ambition – $50 000 – the most advanced subscription, which includes:
– all the Strategy contents;
– weekly reviews of market trends and news;
– the opportunity to ask the TeachMeCash CEO two questions and get a quick answer.
This subscription is for professionals who are going to establish a serious business in the online education industry. Weekly analytics of news and trends allows you to keep abreast of market events, make informed decisions, and advise others on EdTech issues.
The price of answering one question from an ‘Ambition’ subscriber is $217.09
With bonuses: $366.13
Bonuses for filling out surveys
Anyone who completes each survey in full on time – in 13.5 days, will receive an additional bonus reward, as it is very important for our clients to receive answers from respondents. The success of their educational programs depends on this. The size of bonuses for one completed survey will be different for each subscription:
- $10.23 – for Intention ($266 per year)
- $276.92 – for Strategy ($7 200 per year)
- $2980.77 – for Ambition ($77 500 per year)
What do digests look like?
Our analytical digests are made in the simplest possible manner so that everyone can easily understand the information. We are talking about complex things in a simple way to convey to the audience the very essence of what is happening in the market.
We want to show you a couple of pages from our digest so that you’ll be convinced that the product is real and that we are seriously working on it. Each digest has dozens of hours of expert work behind it. To publish each analytical report, our analysts process tons of information, select the most important points, work over the data to present it in the most interesting way possible, and finally, we do the translation and design work.
Try it out and see how it works! Start improving the online education market and get paid for it right now!
What do the questions look like?
Here are examples of questions that you will answer in your account. All answers will be segmented automatically by our system and manually processed by our specialists. Then the data is sold to partners, after which they will be able to use the opinions of the sample to create popular and in-demand online education programs.
You now know how the TeachMeCash platform works and can confidently draw conclusions about our product as an information analysis center. We hope this article helped you make sure that working with us is beneficial for all parties, both businesses and customers who want to earn on their knowledge.