CIOL: Your new Affiliate Business Model sounds good on paper. How realistic is your 'zero investment' offer? K.M: We have rolled out this plan after considerable amount of research on existing services, other choices in front of the customer, pain points, gaps in the market etc. This is one aspect of the venture. Secondly, we have considerable experience in the Indian market in terms of franchising and handling affiliates. So, as far as our system and replication of our services are concerned, we are comfortable on that. If there are any hiccups, we will overcome them, as our team is humble and quick to learn. Regarding zero investment offer, it's not a classroom setting for our affiliates. We are not replicating our delivery systems i.e. they don't have to deliver the services on our behalf. They just have to enroll students and delivery is from our end. In the Indian market, when we are franchising our classroom services, we do charge a considerable amount licensing fee and security. Our affiliates in the US and Canada would be primarily counseling and enrolling students. So we don't want to burden them unnecessarily. CIOL: What are your expectations from this model? K.M: Well, we have very realistic expectations. It should pick up very fast because education is a great pain for any parent in the world and the US is no different. With the budgeted K-12 school programs we will make private supplementary education effective and affordable, and reach out to an average American household. We need somebody representing us close to the end customer so that we understand him better. That's where affiliates come in. It's a win-win situation for the end-customer as well as the affiliate. So, if both are satisfied in this chain, we are bound to succeed. CIOL: Who all could be interested to become your affiliate and what benefits they can expect from you? K.M: Educators, publishers, tutoring companies, home business owners, individuals or businesses with an interest in the education sector would be keen to become our affiliate. They could be people who have had some academic connection in the past, either in a teaching capacity or school administration. Since they know this field a little, it would be easier for them to understand the whole concept and be successful earlier in this venture. Now, talking about benefits, we have seen that working in this sector is much more satisfying than working for any other venture. If you put in the same kind of energy, one feels much more satisfied at the end of the day. Secondly, the financial rewards from this model are so handsome that anybody would love to be associated with us. CIOL: What's your experience of understanding partnerships? K.M: We definitely have been receiving good exposure and experience in managing partnerships. In India, we started franchising four years back. Though we went on a conventional affiliate route for the first few years, we rewarded them for their motivation and gradually the partnership grew stronger. It helped us to grow much faster in the competitive field. Now, our existing partners are providing us referrals and increasing our network. We have learnt to give freedom and space to our partners in progress and always encourage them with rewards. In the US, we have partnered with few tutoring companies and publishers and have helped them in the service delivery to the end customer. CIOL: What's the foundation of your tutoring program and how scalable is it? K.M: I do not know whether scalable is the right word over here but definitely since everything is at its place: huge content repository for K-12 for all grades, topic and the states. The foundation has already been laid. All the inputs required for State curriculum alignment are already in place. Now it is just a matter of enrolling students and delivering the services to them. Talking of the delivery side, our team is very strong. Our tutors are kind, patient and give individual attention to every child. I would like to mention here that academic counselors, who are very experienced, always supervise our tutors. I do not see any hurdle in our scalability. CIOL: So, where do you see tcyonline.com down the line, say in the next three years from now? K.M: We are quite optimistic and have big plans for the future. We see tens of thousands of students enrolling with us for homework help, test preparation and High School Programs in every State of the US. Our affiliates' services would be extended throughout the country after we establish our offices in four to five major cities of the US.
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