The
initial marketing strategy for Edu-C-Aide is to target school systems in the
cities of Norfolk, Portsmouth, Virginia Beach, and Chesapeake.
As a continuation of this strategy in the future, we will focus on
additional major hubs in the Commonwealth of Virginia. We will promote and
present our product at conferences related to K-12 educations that are held
throughout the year. From here we
will provide handouts and give demos as the opportunity arises. Additionally,
we would like to organize a workshop through the Autism
Program of Virginia, which periodically gathers many educators for similar
training purposes. When in
phase III., we will use one of our prospective funding companies, such as Education
Planet,
Merit Software or Scholastic corporation, to advertise our product on their web
page linking directly to Edu-C-Aide web site.
According
to our research, the school systems in the above mentioned cities tend to have
substantial problems with providing special education services.
To be exact, in the fiscal year 2001-2002, there were 120 hearings
requested and 349 complaints filled in the state of Virginia, out of which our
targeted area had 10 and 22 respectively. According
to Anna Bray Duff, the cost for one lawsuit can range anywhere from $50k-$100k
and average legal costs per year range from $250k to $1 million.
The school’s investment in our product will result in alleviation of
the costly lawsuits and the projected return on the investment is estimated to
occur after 1-3 years. Considering this, we believe that our product will be a
valuable and desirable tool for the school administration.
Based
on our analysis, which is thoroughly explained in the 3.5.3, Edu-C-Aide will
realize a profit greater then $79k with just three schools purchasing the
application at the base price of $140,000.
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