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SEB Presentation
iCanada Direct Immigration Services Inc.
Making Canada Your HomeNicholas Dimitrakopoulos
SEB Presentation
Industry Description:Trends
2005 total 262,236 new immigrants Increase of 11% over 2004 60% economic class 24%family class 14%refugees
Industry Description: Growth Patterns
Largest increases in business immigrants 38%
Provincial nominees 29% Business class grew by 12% Economic immigrants grew by 17% Foreign workers 6% increase Foreign students increased by 3% 1/3 go to Ontario
Industry Description: Market Size - Canada
136,349 26%
396,210 74%
CanadaToronto
Total Immigrantion Flow 2005 Including Students and Foreign Workers
Industry Description: Market Size - Toronto
11,031 8%
12,528 9%
112,790 83%
LandedImmigrants
TemporaryWorkers
StudentClass
Toronto Market for Immigration Services 2005
Industry Description: Market Size - Canada
Industry Description: Market Size - Canada
Industry Description: Market Size - Canada
Source countries Students1. South Korea 12,5052. China 6,9963. Japan 4,6484. USA 3,7435. France 3,5636. Mexico 2,281 20% of totals in Toronto equal to 11,053
Industry Description: Market Size - Canada
Top source countries Workers1. USA 16,3322. Mexico 12,6103. France 7,5824. UK 7,2635. Australia 7,0486. Jamaica 6,138 13% in Toronto of total of 12,528
Industry Description: Profit Margins
70% of the survey reported these margins
2002 - 12.7 2003 - 11.1 2004 - 11.8
GDSourcing Research retrieval Canadian Industry Performance Other Legal Services
Industry Description: Government Regulations
From April 30, 2006 all legal representation must be recognized through CIC
Representatives must be members in CSIC the regulating body
Must pay membership dues, and continuing professional development as required
Required to have E & O insurance
Customer Survey/Customer Profile12 Characteristics of Target Market
Based on 100 people surveyed Geographic (Canada, USA, UK, Mexico, Greece,
Spain, Russia, China) Language (English, Spanish, Chinese, Russian,
Greek) Clickographic (Internet fluent, Google or Yahoo
key word searches) Price Ceiling (40% less then lawyers) Benefits Sought (professional office space,
preferred communication telephone, and variety of payment methods)
Customer Survey/Customer ProfileFactors in Buying Decision
17% used the services of an immigration consultant
Top three aspect they were looking for1. Qualifications2. Honesty3. Price4. Dedication 5. Ease of communication6. Location 7. Professionalism
Customer Survey/Customer ProfileFactors in Buying Customer
Preferred methods to search for a consultant
1. Referrals2. Internet3. Newspapers4. Yellow pages5. Flyers/Bulletin boards6. Radio/television
Customer Survey/Customer ProfileSpending Habits
40%less then lawyers 8% used lawyers 50% had their family and friends help
them People surveyed were a cross section Earning 40-$50,000 year
Competitor/SWAT analysis: Strengths
Affiliated offices Established Online payments Offer related services Customer testimonials Multilingual
Competitor/SWAT analysis: Strengths
No price lists Limited English skills No 1-800 number Limited information Not very personable
Competitor/SWAT analysis: Opportunities
Large demand of services in the areas they service
Lower supply of consultants due to recent government regulations
Increased government objectives Decreasing fees for applications Economic environment favorable
Competitor/SWAT analysis: Threats
Increasing competition for immigrants in other countries
New graduates dealing with immigration, both lawyers and consultants
People doing it themselves No profit groups assisting people Need to overcome bad publiity in the
past
Supplier Analysis: Items Required
Laser Printer $279-$499 Stationary $200 Office furniture $200 Ink and Paper $15 Office space $150 Cell Phone $50-$75 Web Site Domain and Hosting $5 Internet $50
Supplier Analysis:Items Required
THANK YOU FOR YOUR TIME
We look forward to doing business with you
At iCanada Direct Immigration Services Inc. we are dedicated to make Canada your home