1.
You- I am a 19-year-old from south Florida. I love sports, traveling,
and trying new things. I am very organized, determined, and am proficient
in time management skills. I have worked a variety of different jobs
which has taught me how to balance my finances. I see opportunity in the
business concept I created of a way to prevent sand from sticking to the skin
because I see this as a potential need. Growing up in south Florida my
family and I often attended the beach which has given me experience on how to
address this need. Additionally, while reviewing peer reviews the people
from south Florida agreed that there is a need to prevent sand from sticking to
the skin. I value this feedback because it
has proven there is a need.
2.
What are you offering to customers- At this point the product I am
trying to offer to customers is an idea that needs to be developed. I
want to create a spray on product that would be used at the beach to prevent
sand from sticking to the skin. I have no experience creating such a
product so as of now this is just an idea.
One of the feedbacks I got said my product would be successful if I had
a patent. I do not have the knowledge or
understanding of that process right now but I agree that a patent on this
product could be very beneficial to differentiate my products from others.
3.
Who are you offering it to- This product would be most useful for people
located near the beach. Originally, I was narrow minded and put that this
would include most Florida residents because of the location near the beach. I
agree with the feedback I got that this product could be used by all people who
frequently attend the beach which could include people worldwide as there are many
beaches around the world. I still
conclude that the target customers would also be mainly adults both male and
female in the age range of twenty-forty as they are the ones most likely to go
to the beach and use this product. This product would be ideal for people
of middle class income with families as opposed to adults who are always
working and have no or desire to go to the beach.
4.
Why do they care- When going to the beach, there are ways to attempt to
wash and wipe away sand. These options may be the use of a towel or the
local showers provided. The people who gave me feedback agreed that these
options do not typically do a good enough job to get all the sand residue
off. This has reassured me that a spray that prevent sand from sticking
has value because it’s an added way to prevent the irritation and annoying
factors associated with sand including the main reason of getting sand in the
car.
5.
What are your core competencies- With the feedback I have gotten from
this assignment I think a patent on my idea would be able to set this idea
apart from others. This would allow my product to be unique, so other competitors
could not replicate it.
I think the five items fit well together for the overall concept
of solving a need with the introduction of a product or service. Using my experiences with the beach and sand I was
easily able to link all the answers to fit together. Additionally, talking to people about their potential
needs has helped me answer the questions for the idea napkin. At first, I was not sure how to differentiate
my product but with feedback can see that getting a patent would make this
product unique as it could not be replicated.
Without a patent, anyone could create this product if it were to become
popular.
Feedback Memo-
Overall, I found the
feedback for my idea napkin very helpful because I had five people respond to
my post. One point that I think really helped
me was that the majority of the people who gave feedback enjoy going to the
beach but agree that sand can be annoying.
This feedback was helpful because it shows there is a need for opportunity
which is one of the first questions that needs to be answered as an
entrepreneur. The second feedback I got that
I thought was helpful was the idea of considering a patent. I don’t know how this would be done but this
idea would help make my product unique so it could not be replicated. I used the feedback on this assignment to
further my ideas on the idea napkin. This
included going into more depth on what the product is and who I would
target. I appreciated all the feedback I
got.
Hey Max,
ReplyDeleteI really think that you have improved your idea napkin on this second try. I agree with your core competencies section. The main strength you have right now is how original your product is. If you move quickly and get your potential product patented I believe that you would have a fair chance in the market. You also seem to have who your potential customers would be figured out as well. Great job!
This was a good second attempt at the idea napkin! You were definitely more thorough this time, which is good. I think that getting a patent is definitely a smart thing to do. I think something you may want to think about is that your product has to be perfect the first time around - if people try it, and it doesn't work, then they will be very unlikely to try this kind of product again. Just something to keep in mind that you will definitely want to do lots of pretesting with the product to make sure it's perfect when it hits the market. Great post!
ReplyDeleteHello!
ReplyDeleteThis is a great improvement! Your second attempt at the idea napkin goes more in depth which is always good. Given the uniqueness of your idea, I think a patent would be the best thing for you to pursue if you were to carry this product out. You show great passion for your product and a strong desire to meet the unmet needs of others!
Hey Max,
ReplyDeleteI think you made some really great improvements from your original napkin idea and really focused on to whom and what you were selling. As I've stated previously I think there is a huge market for your product out there and a good idea napkin like this really just helps to lay out everything onto the table. Awesome job on the post!