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Ielts Fighter Group 4
Ielts Fighter Group 4
Ielts Fighter Group 4
PROJECT
Group: 4
Table of Contents
Chapter 4: Analyze the prizing strategy of IELTS Fighter and its competitors
4.1. Factors affecting a company’s pricing strategy
4.1.1. Factors inside the business
a) Business marketing goals
- Target market: IELTS Fighter's goal is to become the leading IELTS test preparation
center in Vietnam, present in all major provinces and cities across the country.
- targeted customer: IELTS Fighter's target customers are students who need IELTS test
preparation at all levels, from basic to advanced.
- Development strategy: IELTS Fighter focuses on improving training quality, expanding
the scale of operations and enhancing communication to achieve its development goals.
b) Expense
- On August 30, 2019, the Ministry of Education and Training issued Circular
14/2019/TT BGDDT, guiding how to develop, appraise, and promulgate economic-
technical norms and price construction methods. Education and training services in the
field of education and training. One of the main contents of this Circular is new guidance
on prices of education and training services. Accordingly, the price of education and
training services is calculated according to the formula:
- Enthusiasm: The IELTS Fighter team takes 5 core values as a guideline for all cases:
Dedicated service, Discipline responsibility, Innovation, Dare to think and do, Integrity
and straightforwardness. Teachers put students' learning effectiveness as the number 1
priority in all thoughts and actions, so they always devote themselves to each lesson so
that students can achieve maximum learning efficiency.
- Creativity: IELTS Fighter teachers always proactively research new teaching methods
and innovations in the profession to make each lesson more attractive and students learn
more effectively. Mindful of learning what is necessary and useful, not learning
everything English has, so teachers always apply logical learning, maximum practice, and
pursue the goal with students to the end.
b. Facilities
- Currently, IELTS Fighter has a large base system in Hanoi, Ho Chi Minh, Da Nang, Bac
Ninh, Vinh, Binh Duong, Dong Nai to help people across the country have the
opportunity to experience studying at IELTS Fighter. and conquer high IELTS scores
together. Especially concentrated in two big cities, Hanoi and Ho Chi Minh City. There is
a system of 29 facilities nationwide, of which Ho Chi Minh City has 13 centers,
accounting for 46% of the country. Most FIGHTER Concentrated mainly in District 2,
District 3, District 6, District 7, Binh Thanh, Go Vap,....
Not only that, IELTS Fighter has always been the TOP 1 IELTS Center with a system of
websites, fanpages, and groups supporting IELTS self-study online completely free of
charge at home for those who cannot afford to study IELTS at IELTS facilities. IELTS
Fighter.
c.Teaching methods
- All lecture content from the IELTS Fighter class will continue to be refreshed with the
exclusive, groundbreaking RIPL teaching method, easy to understand, easy to remember
and easy to apply on the "Learn English" page to help a large number of readers. You can
study and review the IELTS test right when reading newspapers or surfing the web
d. Training roadmap
IELTS Fighter not only builds lessons based on the necessary skills for the test, but
also serves jobs and careers with a clear, streamlined learning path, helping to shorten
exam preparation time, ensuring teaching quality and learn. The time and form of
learning are flexible from offline to online. In addition to the main lessons, students can
also participate in small group tutoring classes, weekend Speaking - Writing support
classes, clubs, etc. for free. .brings good learning experiences and results for students.
Here are some specific examples of how IELTS Fighter is perceived by users:
- Users appreciate the comprehensive nature of the program. IELTS Fighter covers all
four IELTS test sections: Reading, Writing, Listening, and Speaking. This means that
users can get all the preparation they need in one place.
- Users find the practice tests and mock exams to be helpful. The practice tests and mock
exams are designed to simulate the actual IELTS test, so users can get a feel for the
format and types of questions that will be asked.
- Users appreciate the personalized feedback. IELTS Fighter provides personalized
feedback on all practice tests and mock exams, so users can identify their strengths and
weaknesses and focus their preparation accordingly
4.2.3 Competitive pricing
Factors Attributing to IELTS Fighter's Competitive Pricing:
- Online Delivery: IELTS Fighter utilizes an online platform for its courses, which
eliminates the need for expensive physical infrastructure or materials. This allows the
company to pass on the savings to its customers.
- Self-Paced Learning: IELTS Fighter's courses are self-paced, meaning that students can
progress through the material at their own speed. This eliminates the need for live classes,
which can be a major cost driver for other IELTS preparation courses.
- Mass Production: IELTS Fighter has a large number of students enrolled in its courses,
which allows the company to spread out its fixed costs over a wider base. This, in turn,
contributes to lower overall prices
4.3 Compare IELTS Fighter's pricing strategy with its competitors
4.3.1 Potential competitors
The British Council is a non-profit organization based in the United Kingdom,
specializing in education and culture. In Vietnam, the British Council organizes the
IELTS exam, one of the most popular English language exams in the world. The British
Council began organizing the IELTS exam in Vietnam in 2002. Since then, the exam has
been widely popularized and is the choice of many candidates who want to study abroad,
work or immigrate to English-speaking countries.The IELTS exam fee is VND 4,750,000
for the computer exam and VND 4,950,000 for the paper exam. In conclusion, The
British Council is a reputable and professional organization in organizing the IELTS
exam in Vietnam. The IELTS exam is a good choice for candidates who want to assess
their English proficiency and use the results to achieve their educational, professional or
immigration goals.
DOL English is one of the leading English centers in Vietnam, specializing in
IELTS preparation. The center was founded in 2016 by Mr. Dinh Luc, a famous IELTS
instructor with a unique Linear thinking method.DOL English was established in 2016
with the goal of helping students achieve their IELTS goals efficiently and quickly.
Within 7 years of operation, DOL English has helped thousands of students achieve their
IELTS goals, including those with low starting scores.In conclusion, DOL English is a
reputable and high-quality English center, a leading choice for students who want to
achieve their IELTS goals.
4.3.2 Comparison between IELTS Fighter and direct compertitors
British council Dol Ielts Fighter
Product IELTS Preparation: DOL English IELTS The training method not only
Regular courses are committed applies modernity, practicality,
IELTS Preparation is to ensuring student and streamlined exam
a package that offers outcomes with the preparation, but also combines
you face-to-face with Linearthinking promoting logic and soft skills
IELTS experts who method, applying called RIPL, including:
have professional ielts mathematical thinking Refined knowledge;
training experiences and the proprietary Inspiration (Inspiration in the
from the British technology platform classroom); Practice
Council. developed by DOL (Language practice); Logic
You can be provided (EDTECH) to teach. (Strict logic)
with the necessary - Beginner + Basic IELTS
information about the The IELTS Đình Lực (2.5)
test format and IELTS courses are - Pre Ielts (3.5)
specific strategies and designed in a scientific - Pre Foundation (4.5)
techniques for the and systematic way, to - Foundation (5.5)
four IELTS skills: suit the level and goals - Intensive (speaking + writing
listening, reading, of each student. 5.5)
speaking and writing. - Fighter A (6.5)
Additionally, you can The DOL English - Intensive (speaking + writing
also select a range of online learning 6.5)
general English to platform provides - Fighter B (7.0)
broaden your students with a rich - General review and practice
language and develop and diverse library of (7.5)
skills. learning materials, A team of highly qualified
Duration: 32 hours in including lectures, teachers, coming from
8 weeks exercises, IELTS prestigious international
practice tests, etc. schools or famous foreign
Students can learn at language schools in Vietnam,
any time, anywhere, to and possessing IELTS/TESOL
suit all learning needs certificates with in-depth
and goals. teaching methods and skills .
In addition, IELTS Fighter
IELTS Đình Lực has teachers are carefully selected,
published many rigorously trained, and
IELTS study books, synchronously apply the RIPL
including grammar, method in teaching, helping
vocabulary, skills, etc. students reach the finish line
The books are successfully.
compiled by a team of
experienced experts,
helping students learn
more effectively.
The teachers at DOL
are knowledgeable
and good at
communicating. They
are very dedicated to
their students,
teaching for their heart
and always eager to
improve the way
English is taught in
Vietnam. The teaching
staff has many years
of experience, high
professional
qualifications,
international teaching
certificates, and have
been trained in a
systematic way. They
are Masters,
Valedictorians, Top
1% SAT, Lecturers at
prestigious
universities,
Musketeers at IELTS
Faceoff. The teaching
staff always puts their
students first. Not only
do they teach and
impart knowledge in
class, but teachers are
also willing to support
students outside of
class hours through
the Fanpage.
Price Tuition: 11.040.000 The cost of studying Tuition fees
VND IELTS ranges from range from 2 million - 4
Average tuition: 3,000,000 VND to million VND/ course lasting
345.000 VND/1 hour 20,000,000 32 hours - 52 hours.
VND/course (IELTS
Foundation, Pre- Average tuition
IELTS, IELTS
Advanced, IELTS is about 89.000 VND/1 hour
Intensive courses)
lasting from 12 to 20
weeks (3 to 5 months).
Hourly tuition is
approximately
249,000 VND/hour.
The facilities of
IELTS Đình Lực are
all equipped with
modern facilities to
meet the learning
needs of students. The
classrooms are
designed to be
spacious, airy, and
have all the necessary
facilities for learning.
In addition, the center
also has a library, self-
study room, practice
room, etc. for students
to study and practice
effectively.
- 10% tuition
discount for students
who refer friends and
family to study at
DOL English.
- 5% tuition
discount for students
with difficult
circumstances.
Online learning
platform at home
- Exercise like a
teacher at home
- Home speaking
assistant
Evaluation is based on research results and analysis of Apollo English compared to
other competitors, accoding to the SWOT model.
Strength
- Price: Compared to centers like DOL or B.C, the price of the IETLS Fighter course has
a number of advantages such as:
+ The price of a course is much cheaper than the two centers mentioned, B.C and DOL,
specifically the average price of 1 hour of study for an IETLS Fighter student is 89k. This
is a significant number while the quality of teaching and the level of lecturers as well as
facilities between IETLS Fighter and DOL as well as B.C are not much different.
Besides, flexible time is also a plus point of IETLS Fighter in the eyes of learners.
+ There are many course incentives for everyone to have the opportunity to learn English,
targeting Vietnamese customers' sensitivity to price changes.
- Place: Study location is also an advantage of IETLS Fighter compared to the other 2
centers
+ Has a large scale with many facilities stretching from north to south, thereby helping
students everywhere easily access learning facilities near where they live, convenient for
studying.
+ There is a separate teaching method RIPL
+ There is a large community of students across the country
+ Has a meaningful, inspirational and attractive mission to help 1 million Vietnamese
people speak English.
+ Organize many extra-curricular activities such as workshops to help students absorb a
lot of extracurricular knowledge
+ Activities on major social networking sites are strong, helping the center become
known to many people and attract more learners.
Weaknesses
- The number of students in each class is quite large, which leads to a lack of quality for
each student.
- Low prices can sometimes be a good strategy, but they can also lead to customer
misconceptions about the relationship between teaching quality and price.
- The excessive use of social media can lead to suspicions of exaggerated advertising and
fake quality.
- The center has not yet applied modern technologies in the teaching system.
- Customer service is lacking in professionalism.
Opportunity
-Growing demand for IELTS: The demand for IELTS is growing in Vietnam, as more and
more students are looking to study or work abroad. IELTS Fighter can take advantage of
this opportunity to expand its student network.
-Partnerships: Developing partnerships with schools, organizations, and businesses to
provide IELTS training programs for students and employees. This will create
opportunities to expand the market and increase revenue.
Threats:
- Changes in the IELTS exam: IELTS test questions are increasingly updated with new,
modern situations to meet the needs and trends of society, based on the situations that
first-timers need to deal with when studying abroad. or work in an international
environment. The new test is designed to evaluate candidates' ability to think and use
English in a more comprehensive way, not just based on knowledge and memory skills.
- Competition from other Training Centers: There are many other training centers and
organizations that offer courses and training services, some with larger scale operations.
- Although all three centers target the same customer segment of IELTS learners, IELTS
Fighter's overall prices are significantly lower than DOL and British Council.In addition,
the center has a strong foothold in the market with a large number of customers.
Therefore, the group proposes to increase the prices of the center's courses to improve the
quality of products and services as well as facilities, which will also contribute to
increasing the center's profit while still maintaining competitive prices against other
centers.
- Applying a customer-value-based pricing strategy, the research team proposes two
actions for IELTS Fighter: scientific price adjustment and product quality improvement :
+ The team proposes that the center increase the price by 20% from the current price of
89,000 VND/hour to 110,000 VND/hour. Specifically:
+ The tuition fee from 3,204,000 VND/course with 36 hours of study to 3,960,000
VND/course
+ The tuition fee from 5,340,000 VND/course with 60 hours of study to 6,600,000
VND/course
+ The tuition fee from 10,680,000 VND/course with 70 hours of study to 13,200,000
VND/course
- Post-pay pricing strategy: Tuition installment payment incentive program with 0%
interest rate. This is a form of 0% installment tuition payment when customers have a
credit card from one of IELTS Fighter's partner banks.
- Regarding product improvement to match the changed price, the research team proposes
the following implementation directions and programs:
+ Reduce the number of students from 25-30 to a suitable number to ensure the quality of
teaching.
+ Apply more high-tech in teaching and knowledge transfer: Integrate online learning and
testing system on the website, AI scoring technology (detailed writing/speaking
corrections with "recording" comments to create the feeling of a teacher giving a lecture)
and Speaking assistant for students to have more tools to practice IELTS at home.
Combine technology and RIPL learning method to increase learning efficiency.
+ Improve the quality of the tests by researching and building a system of tests that
closely follow the IELTS exam every quarter. Update the types of questions in the exam
regularly to help students increase the chance of getting the type of exam, students will
get better results.
+ In order to retain old students, long-term customers, the center should add more
preferential programs; the team has proposals such as a 5-10% discount/course for
students who have studied and want to enroll for further study, a 5% discount/course for
students who have siblings in the family who are currently studying at the center, a 5-
10% discount/course for students who enroll in group classes of 3 or more people...
+ The center should divide into more segments with different benefits to meet different
needs, such as students who want to study 1-1 will have a higher price than students who
study in large classes.
+ Improve customer service because this is an important department for a customer to
agree to study at the center or not.
+ Create a separate Facebook page for study materials. Each week, we will post four
articles:
- Monday: Vocabulary: an IELTS vocabulary word with an image or short video
that updates current trends. This will appeal to young people who enjoy humor and
fun.
ex:
- Wednesday:
Grammar: a
grammar topic
ex:
- Friday: Post an article about VIDEO ENGLISH: Choose hot English movies
now, extract a short clip from the movie, with bilingual subtitles (English -
Vietnamese)
Ex :
Oxford English UK VN. (2023). Những thay đổi trong bài thi IETLS . Truy cập ngày
20/11/2023 tại: https://oxford.edu.vn/goc-tieng-anh/kinh-nghiem-luyen-thi-ielts/bai-thi-
ielts-ngay-cang-kho-1299.html
IZONE. (2023). IZONE - IELTS chiến lược. Truy cập ngày 21/11/2023
tại:https://www.instagram.com/ielts_izone/