What's Next
Existing Market
Step 1: When it comes to products and services, my
next move would be to conduct a trial and advertise.
Step 2: I interviewed three customers, and they all gave
similar feedback. They believe that the word needs to get out and create some
buzz for the scooters.
Step 3: Based on the feedback and my own
expectations, the future seems to be bright and successful. It is something that
will continue to grow and become bigger and bigger. It can even reach other
college campuses. My customers think that there are a lot of ways to advertise.
One interviewee believed that partnering with the university’s
social media accounts on Instagram and twitter would make it easier to reach
out. That would be something to help gain a following and convince people to
buy in.
New Market
Step 1: A radically different market would have to
be a corporation’s job site. It would be different age groups, safety
precautions, budgeting, etc. to get around.
Step 2: My venture concept would be a showoff to
other companies or those who are interested in working at different jobs.
Step 3: I interviewed two people from this new
market. They both were high up officials at my last internship. They believe it
is something that can be used by executive officials but common workers not so
much. Also, it would be better for them to just out right buy scooters instead
of the rental fees that accompany the service.
Step 4: When learning about this new market, I was surprised
that the idea would even be considered. It is something fun that can be
integrated to keep the work place in good spirits though. On my part, it would
be interesting to work around work place barriers.d
A few of my expectations were correct. The database
would have to be straightforward and the rental fee should not be incorporated.
It makes sense because the company should just own the scooters because the
amount of use that would actually be given. This market does not appear to
being more attractive because it is more difficult to articulate.
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