25A What's next?
Existing Market.
I
believe that the next step in my venture is creating a additional products that
can hang, certain colors, styles, and extra products that can boost the product
of your garden. I may be able to add a feature where we can come and deep clean
your device and exchange the soil used in the future if that’s service you feel
you may need.
Danny:
Danny said that as certain plants become more needed due to war, poverty, or
natural disaster I could add more typed of plants that do not sprout like
carrots and potatoes. This also led the interview to discussing exotic plants
because Danny has been in the navy and done lot of traveling. He said that the
US is a very diverse place that would have people desiring more than just basic
crops found in our grocery store.
Carlos:
Carlos began with stating that he saw the product coming with a guide on how to
grow things that could be used as household items. He said that his relatives
could use certain plants for shampoo or conditioner and that some things could
be used as medical treatments. This would be a way to replace the use of
harmful chemicals.
Bre:
Bre said that the next thing our company should focus is trying to reach out to
other places on the glob especially those with a lack of food. She said that
some places have climates that may not support a large variety
With
the feedback that I have received I plan to focus on the pants that would be
feature din my garden. It is just common sense that not all plants grow the in
the same climate, soil, and with different levels of hydration. I think that
something I can add to my company will be specialization a certain section for
a certain plant. A way to do this would be adding a knob that can adjust the
light for that section and another one for adjusting the amount of water that
section releases. By doing this different plant will be able to perform in their
best conditions and you can enjoy a variety of different vegetables.
I
can get this idea into play by including a small booklet with instructions
about how to adjust for each type of plant. This path will also address my interviewee
suggestions that I should incorporate exotic plants you can only get in certain
parts of the world. I can include a exotic plants section which will be an easy
and low cost way to meet the small customer audience who would want to grow
interesting things.
New Market.
I
think that I currently addressing an audience that has a over 100 dollars to
drop on an indoor hydroponic garden. I think that to reach out to a less
fininacially capable market, I could create a smaller and cheaper form or a
less attractive garden made of PVC pipe and you put your own soil into that is
found in your yard. I think this would cut cost enough for more people to
invest in my product.
The
two people I interviewed were high schoolers from a lower income school that
came in for tutoring. I asked them for opinions they said that they have
grandparents who would like it and they said that it would be cool to have one
at school. I think that maybe I should look into selling it to schools as well
that are lower income and start some program, maybe making money from a grant
or something.
I
learned about this new market that obviously it won’t make as much money as my original
market because my goal was to branch into lower income schools. I think this
would be a good way to make a positive change in society but to say it is the
key to making a lot of money I do not think so. As someone who is lower income
and raised by a single parent there are better things that my mom has to spend
her money on. If our dryer breaks or car breaks down, that is a crisis so it is
important that we save our money and expect for the worst as much as we can
living pay check to pay check. Purchasing a indoor garden is not a necessity, especially
when we have a back yard we can plant things in.
Hi Chris,
ReplyDeleteI think you have created a well shaped SWOT analysis. Reading your report helped me understand the different aspects of your business idea and how they blend together. I believe that your business idea has a lot of potential to help reduce the amount of wastes and to help people eat healthier produce (because they were naturally and organically grown). I agree with you that targeting other market segment than your current one will be hard, but hopefully good reputation and a good marketing campaign will help you get to more people. Keep it up!
Hi Christopher,
ReplyDeleteGreat job on your post, I think you have done a good job at giving us thorough insight into all aspects of your business idea. I particularly liked how you chose to include the names of your interviewees and specifically what each person suggested. I also liked how you included a map of lower income households that relates to your post. It is clear that you have put a lot of thought and effort into your business idea. Overall, really good job.
Hey Chris,
ReplyDeleteYou did a good job identifying and interviewing your current and future markets and obtaining useful information from them. I think it was a great idea that you included visuals in your assignment to help present your idea. Great job learning your market and how to expand on it, I see a lot of potential here.