My existing product, a product with watering plants, isn't really going to fall through. I may just do this as a side project and work on it from there. I can expand on it some other time.
3 Interviews in current market
Expectations/Feedback
To grow my venture I'm going to have to figure out how to incorporate a new ecologically friendly product that would see more use in it's day. Something that's more modernized. My initial idea was for forgetful people who lose track of time and forget that they need to water their plant or even lose track of where their phone is. That was my original thoughts and people have taken it in different directions where it wasn't meant to go so a longer, more thought out explanation for further products would be implemented.
The feedback I got was mostly positive and they gave me ideas for future implications for the original idea as well as setting me a focus to gear towards larger communities such as cities where the impact of the ecological product would be the biggest. Having a team hep me out would also be helpful as I would get more criticism and feedback that would help the business grow as well as ideas and skills that I couldn't provide on my own.
New Market
My new market would be people who live in bigger cities. More tightly knit community so it'll have larger impact than just sell my product to anyone who has a plant. My new venture off this business would incorporate something everyone uses. Maybe a new type of environmentally friendly doormat or toothbrush.
3 Interviews in new market
Expectations/Feedback
I've learned that this new larger city market will have more revenue and cause a larger impact than would just selling my original product to forgetful people. I was even suggested making an app that could help out those forgetful people that would remind them of other things they would need to do. It would be like an alarm but all in a more neatly manner and easier to categorize and look at.
What surprised me the most, and at the same time not so much, was the negative feedback that this has already been done before or I would just being taking someone else's job away from them by just using technology. My new concept was to just make products that people use more everyday like biodegradable doormats or self-charging toothbrushes from other sources of energy like water or something. My new concept was just plants and I guess I didn't get that across as I would have liked to int he first two interviews. This new market would be more attractive as it would make a the business run easier with a larger revenue but my products may cause controversy like "This has been done before" or "It's taking away already made jobs that people do". That isn't what I'm trying to do a all. I'm just trying to make green idea innovations.
Joseph, you got a lot of great feedback from your interviews. Sometimes I think getting negative feedback is more helpful than positive feedback because and it can give you more things to consider that maybe you hadn't really thought of before. I think that your new target market might be the way to go because it is much larger and will generate more interest in larger cities where trends travel fast. Great job on this assignment! You can check out my blog here: http://buschuf.blogspot.com/
ReplyDeleteHi Joseph,
ReplyDeleteGreat work on this assignment. you got very good feedback for all of the different interviews that you did for this assignment. Getting negative feedback is always more beneficial because it is easier to learn from mistakes and try to understand what they didn't like about your idea rather than them just agreeing with you. great work! here is a link to my blog http://ksnihur.blogspot.com/2016/04/whats-next.html
Hi Joseph,
ReplyDeleteGreat job on this assignment. I love how you had all your assignments into soundcloud and it is very easy to listen to everything. I have trouble uploading things (not so tech savy) and this is a setup I would love to learn. That being said, I think your app/idea is a pretty good one. I think you wanting to branch out to bigger cities where you can target more people says alot about where you want to take this idea and plus it will generate more interests.
I think this is great and I hope to run into your blog again soon. You can check out my blog at http://flatpeak.blogspot.com/2016_02_01_archive.html
Brian D. Kim
Hey Joseph, I really enjoyed reading about your plan and questions and listening to all your interviews. I think you did a really good job with it. I agree that getting negative feedback is very beneficial, sometimes moreso than positive feedback. I dealt with something similar in my blog post, which you can read about here http://jlopez3003.blogspot.com/2016/04/whats-next.html
ReplyDelete