Existing Market
For the future of my venture, I need to make sure that I differentiate the product from those that are already out there. I also need to make sure that technologically, it surpasses the other products and doesn't have the same issues that they do. With a lot of work, this venture will be successful from what other "customers" have told me.
New Market
The next market I would target is parents and adults rather than college students. I am currently targeting college students because they are more likely to lose things and need a way to find them using a locating device. I feel like both parents and older adults alike would also benefit from this product because they are just as likely to lose things.
Dear Sarah,
ReplyDeleteBy reading your post, there is really no way of telling what your business opportunity is. You were also supposed to interview 3 people for the existing market and 3 for the new market but there are no interviews here. I really don't know what feedback to offer. Please take a look at my what's next post at http://taleemreflections.blogspot.com/2016/04/whats-next.html. Thanks.
Farrukh
Hi Sarah,
ReplyDeleteI would have liked to have seen what your customers thought first hand. From the sound of it, a concept that helps people who frequently loses things seems like something almost anyone could use.
You stated that your next development for your venture would be to focus on adults. Would you do anything differently to be more friendly to out-of-college adults versus students?
I didn't do this assignment, but here is a link to my general class blog.
https://www.blogger.com/blogger.g?blogID=8973609705860193196#allposts/src=dashboard
I am unsure what to say since your post does not make your concept clear. Also since it is missing the necessary videos there is nothing I can say. I did not do this assignment, but you can check my blog out at http://entreprenuerintraining.blogspot.com.
ReplyDeleteSarah, similar to the comments above, I cannot provide too much feedback due to the assignment's incompletion. However, you did do a good job at describing what you see for your business in the future, and expressing your understanding of where your business stands in the existing market. You can check out my blog here, http://jessjohns1.blogspot.com/2016/04/whats-next.html
ReplyDelete