How Virtual Assistants can help Edtech Startups Grow?
So far, a lot has been said about the good, bad, and ugly of the Edtech business. It is widely believed that the industry has the ability to revolutionize education as we know it. However, it must be noted that it has been besieged by a large number of low-quality enterprises that manufacture a large number of low-quality products during this time.
Edtech companies, customers, and influencers are responsible for holding the industry accountable. So, how are you going to do it?
Continue reading to see what these virtual assistants can do to support Edtech startups in their growth.
Make it mandatory for all Edtech products to be validated.
The Edtech market is expanding at a rapid pace. According to numerous assessments, the global Edtech market would increase at a 17 percent annual rate to $252 billion by 2020. This is fantastic news for the educational and technological communities. It indicates that pupils are rapidly moving toward becoming global digital citizens. Customers are making significant expenditures on Edtech businesses’ goods, which is good news for them.
Any Edtech product, however, must be validated in order to be approved in this competitive market. Virtual assistants may help clients learn more about Edtech Startups’ products on their behalf, which is a very successful approach to the market. As a result, Edtech companies can use the support of these virtual professionals to find innovative ways to gain validation before their products reach the general public.
Prioritize quality over quantity.
If you’re interested in the EdTech market and have an idea, you should be aware that developing a successful EdTech product takes a long time. Even if you have a bright idea and a fantastic developer, your product will have to go through a number of procedures before it is accepted into a classroom and called a success.
It takes time for an EdTech product to be adopted and used in the classroom, according to history. This is because, in addition to the product, you must deal with school districts that require time to make financial decisions, as well as persuade the buyer or buyer(s) that the product is worth the time and money it will take to learn.
According to studies, there is a 9-18-month sales cycle, which can be problematic if your business model relies on selling to school districts or other large institutions that take a long time to make a decision. As a result, entrepreneurs interested in expanding the EdTech industry should enlist the support of virtual assistants to determine how much time and effort they should devote to making their product a success. Making it mandatory for Edtech companies to do so will benefit the sector as a whole.
Every company devotes a significant amount of time and effort to various organizational chores such as meeting planning, conference preparation, and appointment scheduling. Hiring hired employees to execute these routine duties could be a money drain. In these types of organizing activities, virtual assistants are the ideal human replacement.
Email marketing and content marketing
For businesses to grow their brand value and reputation — and, of course, sales — digital marketing and content are essential. Creating and managing value-added content, on the other hand, takes a lot of time and work. A virtual assistant service that can handle content, help the company generate sales-oriented material, and manage regular blog posts can be hired or signed up for by an Edtech startup.
Mailing lists and establishing a user interaction plan are essential for every business’s growth. These mailing activities and email marketing can be performed by a virtual assistant-powered service that uses machine learning and cutting-edge technology to provide the right material to the right audience for better user engagement.
Pay attention to education’s past
Understanding both the history of education and the history of educational technology is critical for individuals in the EdTech industry. In the sphere of education, businesses can learn from what has failed in the past and what concepts have resurfaced.
Companies may produce technology that isn’t just a hit in today’s classroom; they can also develop products that are long-lasting and powerful by understanding which notions, such as problem-solving skills, are repeated over time.
“Those who fail to learn from history are doomed to repeat it,” Winston Churchill famously observed. The implosion of the edutainment sector with the help of virtual assistants is a good example for developers and investors in Edtech startups.
The Pricing strategy needs to be improved by Edtech enterprises
While your Edtech startup’s aims may include boosting student performance and offering high-quality services, it must nonetheless make a profit. Every company receives money and anticipates a certain level of revenue to keep their heads above water until their product becomes well-known. Choosing a price model, on the other hand, can be difficult. Furthermore, making the wrong decision will jeopardize your chances of success in the Edtech sector.
Regardless of the type of Edtech product your firm produces, you should consider hiring virtual assistants to aid you in determining who you should sell to and what you should offer. With the help of these virtual assistants, you can price your goods in a balanced way allowing for rapid user expansion, but at the risk of reducing profitability.
Offering a free trial is a more reliable way to attract new users. Similarly, charging excessively high in comparison to your competitors will make sales difficult to come by. Companies must strengthen their pricing strategy with the help of these virtual assistants in order for the Edtech business to improve.
Virtual assistants provide assistance at a reasonable rate.
Almost all firms, particularly small and medium-sized organizations, will require trustworthy support at some point but will not be able to hire permanent or contract personnel. Virtual assistants can assist firms in expanding while keeping costs down.
Virtual assistants are on-demand services that can be used precisely when you need them. First, try integrating them in a few locations, then monitor, learn, and modify them to get the most out of them. Hiring a virtual assistant can help your business develop and become more productive.
Educators should be hired by Edtech companies
The fight to thrive in the Edtech business intensifies each year as new Edtech companies emerge. The industry raised over a billion dollars in 2016. For startups to survive, virtual assistants help them to stay ahead of the game and work on methods to surpass the competition. However, many businesses are overlooking a crucial resource that they require for continuing success. What exactly is this undiscovered resource?
They are nothing but these virtual assistants who act as instructors also. Technology development, testing, and integration are frequently the emphasis of Edtech companies. However, a sizable proportion of them is doing it without the assistance of educators. The Edtech businesses learn a lot from these virtual assistants who act as educators. In a nutshell, it means a great deal.
Aids in the expansion of a business
Companies that are experiencing an increase in work volume and a decrease in turnaround time are in a position to scale up their operations. However, scaling-up may necessitate additional resources, such as more personnel, to meet the growing demand and volume of work.
Unfortunately, hiring a permanent staff may be highly expensive for most small and medium-sized businesses. Virtual assistants, on the other hand, can assist businesses in managing growing job volumes while keeping expenditures to a minimum.
Virtual assistants can be assigned to work whenever there is a business need because they are pre-trained, businesses do not have to worry about employee training. On top of that, they are more efficient at their jobs and produce more fruitful outputs.
Create things with a neuroscience perspective in mind.
Technology has altered not only how children learn, but it has also boosted their learning capacity, particularly in the area of visual learning. The human brain is evolving as a result of digital learning, which is based on a mixture of stimuli.
Even though it is still in its infancy, neuroscience has provided a fresh knowledge of how the brain functions, learns, and even governs the body. The brain’s neuronal networks are significantly denser than previously assumed, with huge consequences for learning.
As a result, astute Edtech firms take the help of expert virtual assistants in this field to create learning tools that are neuroscience-based.
Make certain you have a thorough understanding of the market.
Most businesses concentrate just on one segment of their target market: students. To be successful in Edtech, however, you must understand the motives of teachers, students, and politicians. Using education specialists in the form of virtual assistants to help with this fatal lack of knowledge is a good way to go.
Virtual assistants can help in hiring former teachers, private tutors, and educated college-goers for Edutech companies. Using service instructors with recruitment assistance through these professionals can result in more intuitive product development, better sales pitches, and overall growth.
Leverage customer feedback
Every startup offers its first product for free to gain feedback and make adjustments. However, a common mistake is projecting future profitability from this initial test. While free product reviews can help development, those same users rarely buy into the next phase.
Edtech companies need to wait to make predictions until they have released a product for the cost. The customers who buy your first real try will still be skeptical and helpful for development, but they will also be a more realistic gauge of future interest.
Since customer care support might still be needed in a few critical escalations in the customer support domain, virtual assistants can easily take over the redundant tasks in customer service to serve customers better and efficiently.
By employing virtual assistants in customer support, organizations can free up an actual employee to do something better. Moreover, unlike humans, can avoid all forms of mistakes and errors and can spot more areas of opportunities.
Virtual Assistants Decodes the Future of the EdTech Startups
According to a report, the Edtech industry’s market size is set to reach $30 billion in 10 years. The usage of technology in the education sector was only limited to classrooms. Some argue that technology cannot replace the in-class experience but the past year has proved otherwise.
The education sector has witnessed tremendous growth in the past year. Right from pre-primary schools to Ivy League colleges, all of them have undergone major technological developments in their operations.
As the world went digital, the educational sector was the fastest one to adapt to these changes. This has spearheaded the digital transformation journey of many universities and other educational institutes.
As the education sector prepares itself to go digital, one component that remains common across the sector is a virtual assistant. We will learn how virtual assistants Conversational can help Edtech players deliver an unparalleled experience to students, teachers as well as administrators. Let’s jump right in!
Enhanced Learning Experience
Virtual assistants are great for teachers to enhance the learning experience for their students. The capabilities of sophisticated virtual assistant solutions can help the students grasp information and knowledge in a way that’s faster, more efficient, and engaging. A virtual assistant can help prepare students friendly services for the Edtech startups that will help them to revise important concepts before exams well.
With the help of virtual assistants, the Edtech companies can new ideas like quizzes around topics or help solve general doubts. The virtual assistants can be trained by the Edtech startups in a manner that facilitates students to build a connection similar to a student-teacher relationship.
Superior Student Support
This is one of the most powerful uses of virtual assistants. Students have questions, and they have lots of them! Edtech startups welcome students from all across the world – which means your support staff needs to be equipped with different languages. Hiring staff that regularly answers all their questions is expensive and not scalable.
Virtual assistants can answer all the FAQs, be available 24*7 and have multilingual capabilities. They can be trained to resolve the broad spectrum that students have starting from admission to the convocation ceremony. They can serve as a one-stop-shop for all answers related to them.
Providing Teaching Aid
Virtual assistants are not just restricted to students. Their superbly developed services have helped companies to innovate at a massive scale. This allows Edtech startups to help teachers to create innovative teaching methods that go beyond traditional classroom teaching. Professors can create unique solutions that help students prepare for their exams, submit assignments and revise concepts discussed in the class.
Virtual assistants can also help Edtech startups to bridge the gap between them and teachers. The virtual assistants can be deployed on institutes’ internal portal that provides all necessary information to teachers. Teachers can also share learning materials with students in the form of PDFs and PPTs.
Alerts & Reminders
Students are buried with assignments, lectures, self-study, and on-campus internships. The virtual assistants can help Edtech startups to alert students with daily reminders and alerts. These range from reminders on assignment submission dates, exam dates, renewal of gym, and library memberships.
This is where the immense capabilities of virtual assistants help. Not every student will check their email every day. The virtual assistants from the Edtech startups can be given their favorite messaging ids to solve this problem.
Assisting with Private Tutoring
You will agree that every student has a different learning style and pace. Different students have different strengths and weaknesses. The virtual assistants can help the Edtech startups in creating hyper-personalized learning methods as per the required needs of the student that will skyrocket their performances. More than the results, the students will have fun and will actively engage themselves in these newly fond learning techniques that suit their strengths.
Offer a Virtual Campus Tour
Picking a college is of course, not just about majors or eligibility for a program. The beauty and aesthetic appeal of college campuses are certainly a factor, as are the infrastructure and facilities available. With virtual assistants, you can offer a online campus tour to interested students.
Through photos and videos, a student can explore the campus and get a feel for the place, and learn about its amenities and attractions. These assistants serve as virtual campus tour guides, answering students’ questions about the campus and its facilities, interesting facts and trivia, and more. It may not be quite the same as actually being there, but it’s certainly the next best thing the Edtech startup can offer.