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Chapter 1 Competitive AdvantageThe business that I will build w.docxcravennichole326
Chapter 1: Competitive Advantage
The business that I will build will be called InstaFitness. This will be an online platform whereby subscribers can get live exercise feeds from professional trainers. Across the country, many people are finding it difficult to live healthy lifestyles. As such, there is a demand for reliable and efficient fitness programs. Through Instafitness, users will not only have access to training schedules, but they also get live video support to ensure they stay motivated and are doing the proper exercises.
There is minimal supplier influence in the business. This is because the content required will be operated in-house and will not be sourced from third parties. Similarly, the buyer power is also low. This is because the cost of subscriptions will be relatively small, to cater for the needs of a wide variety of clientele. In this way, individual customers will have little influence on the terms of the business.
The level of competitive rivalry is high. Multiple platforms offer services that are almost similar and might make it difficult for InstaFitness to get a large market share. However, the solution to this is having loyalty programs that will help to attract and retain customers. The entry barriers are limited since one only needs a good video camera and stable video connection. The only challenge might be getting noticed given the large amount of content on the internet. The solution to this is embracing product differentiation whereby the business will have various service offerings to the target clients. The threat of substitute products is high since users can access similar content on the internet. The marketing approach should, therefore, be innovative to attract and retain clients.
The most appropriate generic strategy to be used is the focus approach. This will involve concentration on the needs of a niche in the market, leading to the development of low-cost products to cater for their needs. The focus of InstaFitness will be campus students who might have a limited spending power but are interested in keeping fit.
Citing a Discussion Posting in APA Style
If you want to cite a colleague’s Discussion posting, follow the guidelines in the
APA Manual. Note, however, that authors of formal writing published in scholarly
journals would rarely cite a Discussion posting because of its questionable
scholarly value.
So let’s say that you, student Zelda Gilroy, are participating in a Discussion topic
called “Environmental Responsibility.” You read a comment by fellow student
Chatsworth Osborne posted on June 29, 2011, and you want to cite it. In your
posting, you would write something like:
Osborne (2013, June 29) commented that people who drive gas-guzzlers
are insensitive to environmental degradation. While that might be true for
many drivers, it’s impossible to say it’s true for everyone. That kind of
generalization is exactly what has so polarized the voting public.
In the Ref ...
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If you want to cite a colleague’s Discussion posting, follow the guidelines in the
APA Manual. Note, however, that authors of formal writing published in scholarly
journals would rarely cite a Discussion posting because of its questionable
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So let’s say that you, student Zelda Gilroy, are participating in a Discussion topic
called “Environmental Responsibility.” You read a comment by fellow student
Chatsworth Osborne posted on June 29, 2011, and you want to cite it. In your
posting, you would write something like:
Osborne (2013, June 29) commented that people who drive gas-guzzlers
are insensitive to environmental degradation. While that might be true for
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Getting Started Creating Your First Online Fashion Course
1. Getting Started Creating Your First Online Fashion Course
weteachfashion.com /blog/free-online-course
oline courses planning Nov 19, 2017
In this post, I am going to share with you the four course types or models that online course creators in the new
knowledge economy are creating for every discipline under the sun. You name it there will be someone
somewhere who has developed an online course.
There’s still plenty of room for your expertise in the field of fashion so there’s every opportunity for you to
dominate your niche and be known for your expertise and as the go-to person for help in your field.
That’s why I’m so excited to have enrolled so many people in our new free course for fashion subject experts. I’ll
tell you more about that later in this post.
For now though here are the four types you are going to learn about:
1. Entry Level Courses
2. Signature Courses
3. Coaching and Mentoring Models
4. Membership Models
So here goes. Heads down. No need to take notes I’ll give them to you later.
1. Entry Level Courses
Entry level courses are smaller, focussed courses that deal with one key problem or challenge within the course
lessons. There may be several lessons but there is only one key topic that is being covered.
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2. For example, our course on how to plan your course effectively, deals with only one challenge, planning. Yes,
there are several lessons but we're focussed specifically on planning.
I recommend you begin with an entry-level course if creating online courses is new for you. That way you are
less likely to become overwhelmed with the process and you can learn the basics before you go on to create a
more substantial signature course later. You can see it makes sense to prove your ability and learn the process
of course development with an entry-level course before you go and build a more complex one.
Entry level courses are typically for people that are beginning to learn a topic. For example, you provide an
entry-level course for people wanting to learn how to use a sewing machine so you provide a course about the
general features of sewing machines and how to choose the best one. Then a signature course could go on to
teach them about how to use all the features, how to thread the needle, stitch types etc.
An entry-level course usually has around 3 - 5 lessons related to one topic although in this course I’ve added a
few more.
This means the student can master that topic quickly and get results immediately. The smaller the course, the
less time it takes to develop and the smaller the fee is that you charge your students.
One of the great benefits to the student of an entry-level course is that they provide quick wins for both you and
your students.
They typically have lessons that take 5 - 20 minutes to complete and when a video is included these are likely to
have an optimum engagement when they are around 7 minutes long. So you shouldn’t be thinking that your
course needs to have hours and hours of video lessons.
When you create an entry-level course you are creating a product that has a simple structure and limited content
which avoids overwhelming both the student taking the course and you when developing it.
2. Signature Courses
Signature courses, on the other hand, are much broader and deal with many more aspects of a challenge. They
are more in-depth, covering many more topics about the subject in much more detail.
They help the student to master a complete subject from start to finish. Which obviously means they need to
contain lots of information about the subject and not only take the student longer to take but it takes you longer to
develop the course.
When it comes to the price of your signature course you’ll be able to charge more because you are providing a
greater transformation and enabling the student to master a complete subject.
Built into your pricing will also be the need to offer more support because generally speaking signature courses
require more support.
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3. Example Differences in Content Between an Entry Level and Signature Course
Let's now go back to the example of learning to sew using a domestic sewing machine and see how the two
types of courses would differ in what you might offer as content to illustrate the differences between these first
two types of course a bit further.
Let’s start with an example of a signature level course on how to use a domestic sewing machine. Your
signature course is going to take them through everything they need to know from complete beginner through to
a competent user. It could cover things like:
Basic features of a sewing machine and what they do.
Common terminology.
Choosing a sewing machine.
Typical parts of a sewing machine.
Getting your machine ready to sew.
How to use a sewing machine.
Common stitch types, how and when to use them.
Sewing with different fabric types.
So you can see that a course like this is going to take quite some time to develop and will contain several
lessons for each of the topics covered.
But of course, there is a starting point for the student on their journey to become a competent sewer. And that is
the topic called "Basic features of a sewing machine and what they do." This would be a great topic to use for
your entry-level course.
So rather than design your signature course first with everything in it, you start by offering your entry-level
course first. That way you get to practice your course development skills, learning the process on something
more manageable and without getting overwhelmed with everything that you need to do and learn yourself.
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4. Promote Your Signature Course to Entry-Level Students
Whilst you promote your entry-level course and start getting sales coming in you can then begin working on your
signature course.
Ultimately you then want to be promoting your signature course to the students who have already bought and
completed the first step in their journey with your entry-level course.
Make sense?
3. Coaching and Mentoring Model
These courses will be very similar to the signature courses but will include live interaction with the tutor/coach by
way of live webinars, coaching calls and online chat where students get a chance to ask questions of the tutor or
coach and get instant personalised feedback.
This personalised interaction helps learning and prevents or reduces the risk of the student backsliding and not
finishing their course and achieving the outcomes and transformation they were expecting.
Naturally due to the more involved input from the tutor or coach these courses are more expensive and can run
into $2000 dollars or more.
The effect of these courses on the student is more powerful and more transformational as they are receiving
direct support from you, the expert in your field.
4. Membership Model
Think of this model as being like Netflix. Students pay a flat monthly fee for access to your content for as long as
they want. The value of the content increases as you add new material each week or month. When the student
no longer wants access they cancel their membership and no longer see what they previously paid for.
This is a great model when you have quantities of material that can be converted into multiple standard courses.
Then, instead of selling them singly you make them all accessible to your students at a set monthly rate just like
4/5
5. Netflix with films.
So if you are a lecturer or trainer, college or institution that has lots of material from live workshops that have
been recorded and is available in digital format then it’s great for a membership model.
Take Action Now
To get you started I am offering a free course called How to Plan Your Online Fashion Course Effectively.
It takes you through everything you need to know to get started planning your first course. Simply click that big
red button below to get started. There is no need to submit any card details and there are no hidden charges. It’s
totally free. Just add your name and email address to get instant access.
Cheryl Gregory is the Founder of The Fashion Student Hub, a marketplace for selling online fashion courses,
and We Teach Fashion teaching fashion subject experts how to create and promote their own online courses,
generate revenue and serve the growing need for online education in the fashion sector.
Sign Up For FREE Training to Get Started
Take our free course "How to PLAN Your Online Fashion Course Effectively". This is the essential short
course for people setting out to sell their own online fashion course. It covers everything you need to know to
plan your course effectively.
Get Instant Access NOW
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