Shawn Davis
25A
– What’s next?
Exiting
market
Step 1. What’s next will be that there will be enough
college housing provided for the college students to live in places without
having trouble finding a place close to campus to live.
Step 2. After interviewing my three customers they
gave me the idea of plan to always have extra connections than you think you
need also to have a better understanding of the city to be able to build and
expand upon college house in what’s already in a limited space. The things they
might want next is cheaper housing once they have the simply that they have they’re
going to want housing to be cheaper.
Step 3. Based on my expectations and feedback I’ve received
form customers they most common things that make sense to me is to continue to
create housing for college students, also to not only create housing for one
college but also create housing for other colleges in numerous cities or even
states at lower rates than the other expensive housing. Also due to the
feedback I’ve receive in the future it will help me know the things that the
customers will be interested in so for future housing that I will be providing I
can expand and put extra thought into it.
New market
Step 1. The part of society I would target is the
poor. Where the funds aren’t coming from government funding and needs.
Step 2. The way I would create value for people in the
market is by showing them why the need is there. The value would be helping the
community and also helping the people that needs the help.
Step 3. The feedback I got from my interview that can
help me be successful in this market is by providing people housing for the
people who are having trouble with finding a job and provide them with a place to
stay until they find themselves a job to where they can pay a certain amount of
money.
Step 4. The thing I learned about this new market is
that it’s really a great opportunity to help people that needs to be help until
they get to a place in life to actually live not yet a perfect but a great life
to give back to those who helped them until they were on their feet. I was surprised
from the feedback I got from the people I interviewed on their thought of
helping people that are struggling that are trying to find a job. My expectations
and assumptions were correct. The new market is attractive as my second because
you are helping those to bring more value to your businesses by looking out for
those that will possibly promote your business to others.
Hey Shawn, great job on this assignment! I like that you are choosing to look into a market of people that may not be able to afford the product. By finding alternative ways for your customers to pay, you will be able to build a loyal customer market that will come to you when repurchasing for the same needs. Great job, keep it up!
ReplyDeleteShawn, great job. I enjoyed reading your post and seeing how you plan on expanding your business. I think that it’s a great idea to spread your service to more universities. Furthermore, by offering your solution to lower-income customers, you can build a loyal customer base. My only suggestion is to figure out how the financial aspects of your business work and find how to make money through your services.
ReplyDeleteShawn,
ReplyDeleteGreat job one the post! It's great how you want to take your venture and make it available to those who would otherwise struggle to find a cheaper alternative to housing. I'm glad both markets you explored exhibited a positive response. My only question for you would be how are you planning on building the new housing? And would you build up instead of down in order to accommodate the maximum number of people?