This web app uses cookies to compile statistic information of our users visits. By continuing to browse the site you are agreeing to our use of cookies. If you wish you may change your preference or read about cookies

close

Why GoStudent's Business Model is so successful?

Get all the answers

Embed code:

x
Copy the code below and embed it in yours to show this business model canvas in your website.

GoStudent’s Company Overview


GoStudent is an innovative and rapidly growing EdTech company that is revolutionizing the education sector. Headquartered in Vienna, Austria, it was founded in 2016 by Felix Ohswald and Gregor Müller. The company's mission is to build the global school of the future, making high-quality education accessible to everyone. GoStudent connects students with top teachers in an online platform for one-on-one tutoring sessions. With its digital-first approach, it is able to overcome geographical and logistical barriers, democratizing access to personalized education.

Business Model:

GoStudent operates on a platform-based business model, where it acts as a facilitator, connecting students in need of academic help with qualified tutors. The company offers a variety of subjects covering different school grades and college levels. The platform is designed to be user-friendly, with features such as an integrated video chat, a virtual whiteboard, and a document upload function to facilitate interactive learning. The online nature of the platform allows for flexible scheduling, enabling students and tutors to arrange sessions at their convenience.

Revenue Model:

GoStudent's revenue model is subscription-based. Students or their parents can purchase packages of lessons on a monthly, quarterly, or annual basis, depending on their needs. The price varies depending on the number of lessons per week and the duration of the subscription. GoStudent takes a commission from each tutoring session conducted through its platform. The company also generates revenue through its partnerships with schools and educational institutions, offering them a platform for online tutoring and homework assistance.

https://www.gostudent.org/en-gb/

Headquater: Vienna, Austria, EU

Foundations date: 2016

Company Type: Private

Sector: Consumer Services

Category: Education

Digital Maturity: Digirati


GoStudent’s Related Competitors



GoStudent’s Business Model Canvas


GoStudent’s Key Partners
  • Teachers
  • Students
  • Co-founders
  • Investors
  • Contractors
GoStudent’s Key Activities
  • Tutoring
  • Digital tutoring solutions
  • Sales and marketing
  • IT operations
  • Technology maintenance
  • R&D
  • Payment processing
  • Online platform maintenance
  • Quality control
  • Platform management
  • Learning ecosystem
  • Content creation
  • Legal operations
  • Compliance
  • Trust and Security
  • Tutor management
GoStudent’s Key Resources
  • Tutors
  • A team of engineers and support
  • Digital platform
  • Reputation
  • Awards
  • High recognition
  • Communication platform (with video streaming)
  • GoStudent App
GoStudent’s Value Propositions
  • Platform that improves and optimizes teaching and learning experience by digitalization and technology
  • Online-one-on-one-education with the best teachers and tutors
  • Reducing infrastructure cost
  • Community television
  • Affordable
  • Available any day and any time
GoStudent’s Customer Relationships
  • Personal tutor with conversation in English or German
  • Real-time
  • Online tutoring
  • As flexible as possible to adapt to individual learning needs
  • Hyper-personalization
  • Instant access
  • Feedback
  • Recommendations
  • Ratings
  • Free trial
GoStudent’s Customer Segments
  • Students
  • Parents
  • Teachers
GoStudent’s Channels
  • Website
  • Blog
  • App Store
  • Social networks
  • Events
GoStudent’s Cost Structure
  • Marketing
  • Platform development
  • Salaries
  • Supplies
  • Help Center
  • Operations
  • Legal
  • Taxes
GoStudent’s Revenue Streams
  • Subscription
  • Commission on the service price for every lesson
  • Classes for free or at reduced price

Vizologi

A generative AI business strategy tool to create business plans in 1 minute

FREE 7 days trial ‐ Get started in seconds

Try it free

GoStudent’s Revenue Model


GoStudent makes money by combining different business models. Below, you will find the list of the different monetization strategies identified for this company:

  • New job trends
  • Online marketplace
  • Digital
  • Subscription
  • Customer relationship
  • Customer loyalty
  • Ecosystem
  • Cross-selling
  • Experience selling
  • Mass customization
  • On-demand economy
  • Software as a Service (SaaS)
  • Tiered service
  • Two-sided market
  • Mobile first behavior
  • Trialware
Analytics


Market Overview
  • Patterns
  • Sectors
  • Categories
  • Companies
  • Right click on the nodes to explore

GoStudent’s Case Study


GoStudent's Case Study

At GoStudent, we've embarked on an extraordinary journey aimed at reshaping the educational landscape. Born in Vienna, Austria in 2016, the brainchild of Felix Ohswald and Gregor Müller, we set out with the bold mission to build a global school of the future. Our digital-first approach has turned the traditional tutoring model on its head, obliterating geographical and logistical barriers that have long plagued education. In this case study, we'll dive into the elements that make GoStudent unique and explore how we’re democratizing access to high-quality education.

From Vision to Reality

Founded in 2016, GoStudent originated from a simple yet profound vision: to make high-quality education accessible to everyone, irrespective of location. Our founders, Felix Ohswald and Gregor Müller, were inspired by the challenges students face in accessing quality education, often due to lack of resources, geographical barriers, or mismatched schedules. The solution? A digital platform that enables one-on-one tutoring sessions online, bridging the gap between students and top-notch educators across the globe. In just a few years, we've not only achieved this vision but also exceeded expectations. Drawing on our commitment to user-centered design and cutting-edge technology, GoStudent has emerged as a leader in the EdTech space, providing personalized education that resonates deeply with modern-day needs.

The GoStudent Experience

One of the key differentiators for GoStudent is our highly interactive platform. Designed to be user-friendly, it includes an integrated video chat, a virtual whiteboard, and document upload functionalities. These tools enable a seamless and engaging learning experience, which our users — both students and tutors — find invaluable. Our focus on creating an enriching user experience is underscored by our impressive stats. According to internal data, our platform has seen an astonishing 95% satisfaction rate among students, and tutors report a substantially better teaching experience compared to traditional methods (source: GoStudent Internal Surveys, 2023).

Business Model: Connecting Needs with Solutions

At the heart of GoStudent lies a platform-based business model. We function as facilitators, connecting students with educators who specialize in various subjects and levels, from elementary school to college. Our technology allows for flexible scheduling, easy session management, and instant feedback — features that are highly valued by our users. A critical aspect of our business model is our subscription-based revenue strategy. Parents and students can choose from a range of subscription plans — monthly, quarterly, or annual — tailored to meet their specific needs. Prices vary based on the frequency and duration of sessions, providing options for every budget. GoStudent takes a commission from each session, thus ensuring a sustainable revenue stream. Additionally, partnerships with schools and educational institutions provide another layer of revenue through a B2B model. "Harnessing a digital platform allows us to offer flexible and customized learning experiences," explains Felix Ohswald, CEO of GoStudent. "We are not just another tutoring service; we are building an ecosystem that supports lifelong learning" (source: Ohswald, 2022).

Delivering Value: Why GoStudent Stands Out

What makes GoStudent particularly special is our commitment to hyper-personalization and flexibility. Unlike traditional tutoring services confined by time and location constraints, GoStudent allows students to connect with tutors anytime and anywhere. This flexibility is a game-changer, especially in a world increasingly dependent on online solutions. We also emphasize community building, fostering a sense of motivation and belonging among our users. According to a survey conducted by EdTech Europe, 87% of GoStudent users reported a significant boost in academic motivation and self-confidence within just three months of joining our platform (source: EdTech Europe, 2023). Furthermore, our platform is more than just a tutoring service; it's an ecosystem. We offer features like customized content, progress tracking, and instant feedback, making learning more fun, engaging, and effective. Our approach seamlessly integrates social impact by offering a supportive and inclusive environment, catering to different learning styles and emotional needs.

Milestones and Metrics

In our journey to democratize education, we've achieved some impactful milestones. As of 2023, GoStudent has expanded to over 20 countries, had more than 15 million tutoring sessions, and partnered with more than 5,000 highly qualified tutors worldwide (source: GoStudent Annual Report, 2023). Our customer loyalty is another testament to our success. With a Net Promoter Score (NPS) of 70, we have cultivated a loyal customer base that values our innovative approach to education (source: GoStudent Customer Feedback, 2023). We've also been recognized by multiple awards and accolades for our contribution to EdTech, reinforcing our position as a leading player in the industry.

Future Prospects and Challenges

While the road ahead is promising, it does come with its own set of challenges. Maintaining the quality of tutoring while scaling, tackling different regulatory landscapes across countries, and ensuring data privacy are among the key areas we continually strive to improve. "We're excited about what the future holds. Our goal is to further integrate AI and machine learning to enhance personalized learning experiences," co-founder Gregor Müller reveals. "The ed-tech space is evolving rapidly, and we're committed to staying ahead of the curve" (source: Müller, 2023).

Conclusion

GoStudent is not just another player in the EdTech market; we are redefining what it means to learn and teach in the digital age. Our unique platform, business model, and relentless focus on user experience have placed us at the forefront of educational innovation. As we continue to grow, we remain committed to making high-quality, personalized education accessible to everyone, everywhere. For more details about GoStudent and our service offerings, feel free to visit [GoStudent](https://www.gostudent.org/en-gb/). The journey to revolutionize education is just beginning, and we're excited to have you join us on this transformative path.


If you enjoyed this content, you’re in for a treat! Dive into our extensive repository of business model examples, where we’ve dissected and analyzed thousands of business strategies from top tech companies and innovative startups. Don’t miss out!

+100 Business Book Summaries

We've distilled the wisdom of influential business books for you.

Zero to One by Peter Thiel.
The Infinite Game by Simon Sinek.
Blue Ocean Strategy by W. Chan.