1. Describe the revenue drivers you currently
include in your business concept for this class. Revenue drivers are the
different ways you make money.
The main revenue drivers of my business
plan are the downloads that all the students will make for having The Gator
Spotter on their smartphones.
2. Describe what kind of product offering you
believe should be next. What's the next thing your customers want?
If successfully implemented, and after
being on the market for about a year, The Gator Spotter will be focused on
helping it customers to not only save time, but save money too! With this in
mind, my smartphone application will send text messages or notifications every Monday
and Friday morning regarding the sports events of all the Gators teams, big discounts
on restaurants and stores in Gainesville. What will make my app unique is that
it will always be focused on helping the customers manage their time while
using public transportation. This being said, The Gator Spotter will also let
you know how to get there (to the restaurant, stadium or bar) using the Bus!
3. 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.?
The “next thing” will enhance my existent
product by letting the customers know that it is always focused on helping them
save time and money. The Gator Spotter will gain customer loyalty as it will be
the only app for gators and for all the citizens of Gainesville with that
mission.
4. 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.
GatorWay is the official app of New Student
and Family Programs in the Dean of Students Office at the University of
Florida. GatorWay lets you download guides to various events including:
Preview, Weeks of Welcome, and Family Weekend. With GatorWay, UF students and
families can access comprehensive schedules, detailed maps, and broad social
platforms in which to engage with other Gators. Features Schedules – View
updated schedules for individually-tailored programs. GatorWay lets you
customize your experience by choosing the programs that best meet your needs.
Maps – Find your way around UF with GatorWay’s built in map and building floor
plans.
5. What are the customer reviews for the
product? What, exactly, do customers not like about the product? What do they
like about it?
There are no customer reviews about this
app, which makes my app to be focused on basically a market with few
competition. However, this app is FREE which puts my revenue aspirations in
danger.
6. Describe what design/usability changes
you'd make to the product.
In the first stage, I would not make any
changes to my next offer. I will make any changes after making my customers try
my product. The fact that there is no other app or product similar to what I
would be offering makes my product unique and potentially successful.
7. Describe why you think this product would make
a good addition to your current product/service offering.
I believe that this product will make good
addition to my existent product because it will attract my customers even more.
There are always events going on campus and all across the city, and from a
personal experience, I missed many amazing events simply because I didn’t know
about them, and I’m sure that this happened to many people around the city. My
product will be unique and it will exploit an unmet need that is still waiting
for someone.
Hey Alejandro, I really like your idea. I, too, am targeting students as my potential market. Students live for sporting events, discounts and ways of transportation so I would definitely be interested in your product. It’s definitely a plus that there aren’t any apps similar to yours. I assume it will be easy to market your product as well. Feel free to check out my “Amazon Whisperer” assignment at the following link: http://tmvuf.blogspot.com/2016/03/amazon-whisperer.html
ReplyDeleteI absolutely love this idea. I think it would be a great addition to our campus. I think you have great potential in this app. It would help new and old students better navigate this campus and Gainesville and all it has to offer! I love the pictures you added as they enhanced the quality of your blog post! I wish you the best of luck in your business venture. If you have a chance please check out my blog at http://domdey10.blogspot.com/2016/03/describe-revenue-drivers-you-currently.html
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