1) Domain expert in my industry
When taking my friend's scooter in to get repaired (he needed help loading it into the truck), I decided to go inside and ask the employee some questions about the average time it took for a scooter to be in and out of the shop and also the amount of repairs that were simple enough to do on site. He replied that the time in the shop varied by the type of repair and the demand, but he also said that many of the repairs could be done on site if there was a means of getting the tools to the scooter (a van, for example). This exchange was just a conversation.
2) Expert on my market
I met with a friend who currently markets promotional items to students at UF. We have known each other since we first started our freshman year. This friend understands the market well because he sells much of his products to students and is a student himself. We were able to meet because we were friends. There was no exchange of favors. I now better understand my market.
3) Supplier to my industry
I asked an employee at a NAPA store about how often people come in to purchase batteries. They said a lot of their business was selling and then replacing batteries because many people are either incapable or don't want to do it themselves. A battery replacement would be an example of an easy on site repair.
Reflect-
From this experience, I found that there are many other industries related to what I am currently pursuing and also that many of them operate similarly to what I would provide. I found that my idea, if feasible, would have a high demand. I also found that it would take a lot of effort to establish, but there are many resources available. This networking was similar to my past networking. I just found people who were conveniently around me who were knowledgeable.
Hey,
ReplyDeleteSeemed like this assignment was very beneficial to you and your project. I believe the best foundation for any project idea is belief and security within your own idea. Its good that there are so many other industries that and markets available for this project idea to thrive.
Hi Riley,
ReplyDeleteI really enjoyed reading this assignment because I felt like you did a really good job interviewing your people. the first interview you conducted was phenomenal. you were able to talk directly with someone who currently works in the scooter repair business in Florida. He was able to look over your idea napkin and give you valuable inisght into what else you can do to make your product successful. overall, you did a fantastic job and I cant wait to see how the final product comes out.
Hi Riley,
ReplyDeleteAfter reading your post it is apparent that you put a lot of time and effort into this assignment. This will certainly help you in pursuing your opportunity, as you have been able to interview and draw inspiration from people who have expertise in your field. I think by meeting with experts in your field you were able to confirm some of your suspicions and establish that you have found a real opportunity.