Frequently Asked Questions
Q: What will be my ideal rate of return on investment?
A: Profitability will depend on the investment made, the revenues earned and the expenses incurred. It really depends on how effectively you can manage your business.
Q: How do I prepare the centre infrastructure?
A: Once the sign up process is over, you will be provided with a “Project Implementation Manual.” This manual will assist you with complete details of the centre setup.
Q: Is there an opportunity to set up more than one Prosper Overseas centre?
A: Yes, it is possible to set up more than one Prosper Overseas Centre. Many of our existing Business Partner’s have done so in a very profitable manner.
Q: What qualities does Prosper Overseas seek in a Business Partner?
A: Prosper Overseas has been always in search of people who have an ambition to be entrepreneurs. Other than this, they have to fulfill the following criteria:
Hold a graduation degree
Have the ability to invest full time in the venture
Q: How many partners I can have for my centre?
A:The Minimum initial investment for the project varies from Rs. 8lakhs to Rs. 10 lakhs. The investment varies with various factors such as the Centre Location, Student Capacity, Duration and the Types of courses to be offered by the centre.
Q: What is the amount of financial investment needed to establish a Prosper Overseas centre?
A: It is recommended by Prosper Overseas that you do not have more than three partners for the venture.
Q: How long will it take to complete business partner selection process?
A:Once the application is received from the potential applicant, it takes 2-3 weeks more for the Business Partner selection process.
Q: What happens after I submit my personal response form?
A:After you submit your personal response form, a mail will be sent to you which will act as a confirmation to the receipt of your application. Soon you will be contacted by our Channel Development Team officials for further details.
Q: After how many years will my license need to be renewed?
A:The initial validity for the license with Prosper Overseas is for three years. The license will be renewed after the end of third year depending on the terms and conditions prevailing at that point of time.
Q: What is the minimum manpower requirement to start an Prosper Overseas centre?
A:The manpower requirement varies and is based on centre capacity and location.
Initially, however, you will need the following:
1 Centre Head.
3 Student Counselors.
1 Front Office Executive
3 Marketing Executives.
Q: What will be the process for recruiting manpower for my Prosper Overseas centre?
A:The profile of the manpower will need to be drawn up by the Business Partner/ Centre head, though the final approval will have to come from Prosper Overseas.
Q: What is the process for selecting a site for the new centre?
A:Initially Business Partner has to enumerate a list of possible site locations for the new centre set up. In latter stages Prosper Overseas will single out the best of all the locations suggested.
Q: What are the ongoing supports Prosper Overseas provides to its Business Partner for running an Prosper Overseas Education Centre?
A: Prosper Overseas provides ongoing support to Business Partner in the area of Sales, Marketing, Education Delivery & Centre Management through regular support visits by Prosper Overseas officials.
Q: What kind of training are the franchisees provided?
A:Franchisees are rigorously trained on all aspects of the business such as student satisfaction, training, sales, planning, marketing, administration, human resources, and so on. They are trained in all of the above aspects on the job. The Franchise staff is trained for 11 days where they undergo an induction training program. Besides, we have regular training sessions: every quarter for all staff members, and every 6 months for all Franchise Business Partners.
Q: What kind of marketing support do you provide?
A:We help our Business Partners with sales, marketing and advertising by giving sales targets, marketing plan, media buying & budgeting, making presentations, local area marketing and so on