·
Describe the revenue drivers you currently include in your
business concept for this class. Revenue drivers are the different ways you
make money.
Revenue drivers for
Your Next Destination, which will offer a sustainable parking lot to a large population,
i.e. students, and big cities, will include VIP parking and different types of
decals for parking. People can purchase either six-month decals or year-long
decals. They’ll get a discount if they even buy the four-year decal, because we’re
students, and it isn’t as big as a commitment as college. Plus, it doesn’t have
to be paid all at once.
·
Describe what kind of product offering you believe should be
next. What's the next thing your customers want?
I’m not sure if I can
add on to this. I guess what students will want is a way to get to campus
directly. Initially, I had planned to include a metro system that connected
from the lot to campus, or the main destination. That, however, can be an
upgrade. In that sense, they’ll have to buy a decal to park their car in a safe
environment (the lot), and then a ticket for the metro. Ideally, we’d want to
give it to them for “free,” with the price of the metro ticket already in the decal.
·
Describe how this "next" thing will enhance your
existing product/service offering. Does it improve the user experience, does it
increase customer switching costs, does it foster customer loyalty, etc.?
It’ll enhance the
customer experience because then they won’t have to worry about getting to
campus directly, or being late, or being dependent on buses. All in the north,
you see metro systems. Here in Florida, not so much. I think there’s a need for
it, especially in bigger cities. It’ll help create trust between customers and
Your Next Destination, because the plan is to offer them a one-package deal for
all their parking needs.
·
Go to Amazon and try to find a product that is similar to the
one you want to offer next. Describe the product. Include a picture of the
product.
I don’t believe that
my product can be found on Amazon. When I searched, I only found books with the
words “parking lot” in the title and a giant stencil for a handicap parking
spot.
·
What are the customer reviews for the product? What, exactly, do
customers not like about the product? What do they like about it?
Again, I was not able
to find my product on Amazon.
Hi Melissa,
ReplyDeleteI believe you have a great idea! So far on the semester, I’ve been able to see that there are a lot of people thinking on new solutions for the parking system at UF. However, I believe yours is unique and more realistic given the fact that, as you say, we are students. It is hard to find competition for a parking lot because there are simply a little amount of businesses focused only on this matter. I believe that this aspect could make your venture unique. The fact that you will basically face little or no competition, and the fact that you will be solely focused on helping UF students to solve their parking issues, I believe gives you a key advantage. I like your idea and I hope you can make your dream come true!
Here is a link to my post, let me know what you think about it:
http://alejandroentrepreneurship.blogspot.com/2016/03/amazon-whisperer.html