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Existing Market
1. I think what’s next in terms of my product would be to
develop the app and the algorithm that pairs students living in the same dorm
complex to clean one another’s rooms. After doing this, I would then need to
advertise the service to build up interest. Once I have built up enough
interest, I would then establish a program where the cleaners can buy supplies
and they would be reimbursed for their purchases. After interviewing enough
people, I have determined that there is some demand for this service so that
advertising wouldn’t be hard, only creating the algorithm to compare people
with this need and cleaners. Additionally, I know many people want to be
cleaners since they can earn money on a free-lance schedule, but I would have
to ensure that they are able to do so.
2. So after interviewing three potential customers who
personally agreed that not only do they fit this demographic but that they
would use this service. The main issue that every single one of these
interviews brought up, which I thought was interesting because it doesn’t come
from their perspective, is that cleaners might not be willing to sign up in
less I gave them a really good price deal on what they could earn. Despite
being customers, each one had the need that my business should in the beginning
be catered to pleasing the cleaners. Customers will always need for their rooms
to be cleaned but people are only going to be willing to work for you on a
free-lance schedule if you are paying them enough. I thought that this means
the beginning time of this service being publicly offered should be catered
towards my cleaners. Always customers come first and I will take measures to
please them but more importantly I will take an effort to please the cleaners
working for me and establish a positive company culture.
3. The most sense for my venture means to create the
algorithm and app in order to provide the actual service and make it possible
to use. After establishing this I would then first focus on marketing to
cleaners. Since my customers focused on this being an issue, I decided to
choose to focus on finding cleaners first. Not only does it make the most
logical sense, but it also would be fulfilling the idea of creating a positive
company culture that is catered to my company.
My first
100 days would be focused on creating an atmosphere that both benefits my
consumers and employees. I would offer promotion deals to customers in order to
take them away from my competitors and alternative options and move them to my
service. Once customers see the low cost and efficient job that my service would
provide, they would routinely use my service to clean their rooms. This would
allow me to also at the same time give great prices to early cleaners and offer
incentivizing options like maybe partnering with local Gainesville companies to
give the cleaners a deal. Additionally, while starting this business, I would
use it as well to get first-hand experience on how well the cleaners are
working and how the process goes so I could know from a customer perspective.
New Market
1. My current demographic is a market that has the
disposable income to spend on this service. I think the most radically
different market for me would be the same consumer need just without the
disposable income to afford the service. This could give me insight into what
people that are concerned with the prices may think and alternatives to my
cleaning service that are more cost effective.
2. The creative way to help the customers in this
demographic would be to offer shorter time slots. The cleaners could do half of
the work they normally do for a cheaper price. Maybe they would wipe off all
surfaces, something people could do themselves if they are able, and instead
vacuum and dust off higher to reach shelves and AC units. This would allow the
ability for my service to provide differing product options depending on what
the customer can afford, needs, and is comfortable doing themselves.
3. The people in this
market offered the idea that they make their own time to clean their rooms.
They build in 30 minutes to an hour a week to take care of their room even if
they are busy just because this type of service is unaffordable. They offered the solution that for a cheaper
cost, instead of my service supplying the cleaning supplies, the people that
want a more affordable price point can supply their own supplies at a cheaper
cost and have the cleaners use their supplies. This would allow people in this
market to clean their room themselves when they have time, but occasionally use
my service to have their rooms cleaned while supplying the cleaning materials
that they know and use as well.
4. What I learned about people in this market is that they
were willing to sacrifice their own time in order to save money. This is
something that I as well as a lot of people in my demographic take for granted.
I learned that it doesn’t mean they don’t want the service, it just means at
the moment the service is unrealistic for them. The demand is always there if
the money is just sometimes the economic costs get in the way.
Another
thing I learned comes from the idea that Apple provides different versions of iPhone
at different prices. This means that they completely understood that consumers
would want a more toned-down version of their service because it is more
affordable. Learning from this gave me the idea to provide different options on
what the cleaners provide for different price points. This would be copying
Apples ideas in that the demand is still there.
ReplyDeleteHello Chad,
I believe it is an excellent idea to implement different prices for your service since every student has a different budget limit. There are some students who have to work for them to pay their tuition, others have a scholarship that gives them some slack and then there are students you just have family money. I personally would implement the premium service in an extremely attractive way that would make everyone to get the premium access.
It is great that the prices will change depending on budget and how big the dorm is plus what is needed to be done. You would need cheap prices because you competition is a real house keeper. These kids are students not real housekeepers so the cleaning won't be as good which means the prices have to be cheaper to compete.
ReplyDeleteHi Chad,
ReplyDeleteI think you did a great job of analyzing the new market, and the results you got are definitely interesting. I feel as if you would definitely have some problems implementing your service into your market. However, I like your analogy of the iphone having lower models for less prices, and therefore could find a price point which would work for your service.
Chad,
ReplyDeleteI think you did a lot of good with this assignment. I felt that your work, especially on the first half, was exceptional, and your interviews were all conducted well. To be honest, I’m not totally sure I buy the idea of exploring the “lacking disposable income” demographic, but that’s just me trying to put myself in the shoes of one of your potential investors.