Existing Market
I think the next step for this idea is to simply follow through; implement the heating stations in one area of campus; if students like it, we can invest in more heating stations so that the majority of students can have access a cheap, hot meal. There will be less waste since Florida Gators can bring a meal from the night (or three) before and enjoy it on campus instead of forgetting about the spaghetti from a few days ago and remembering only once it's spoiled.
After we have decided whether or not this idea's benefits outweigh the cost (or at least break even), we can then possibly begin reaching out to other schools and bring this idea to them, thus resulting in less wasted food and healthier, richer students.
New Market
I think that anything outside of a college or university setting would qualify as a "new market". Examples could include a place of work or even grocery store. I don't think my idea would work as well in a public area since it depends in part on users cleaning up after themselves and I don't trust the general public to do that. College students know who is using these heating stations: college students. And we trust each other for the most part. A large company could find heating stations useful, although not practical.
I think the next step for this idea is to simply follow through; implement the heating stations in one area of campus; if students like it, we can invest in more heating stations so that the majority of students can have access a cheap, hot meal. There will be less waste since Florida Gators can bring a meal from the night (or three) before and enjoy it on campus instead of forgetting about the spaghetti from a few days ago and remembering only once it's spoiled.
After we have decided whether or not this idea's benefits outweigh the cost (or at least break even), we can then possibly begin reaching out to other schools and bring this idea to them, thus resulting in less wasted food and healthier, richer students.
New Market
I think that anything outside of a college or university setting would qualify as a "new market". Examples could include a place of work or even grocery store. I don't think my idea would work as well in a public area since it depends in part on users cleaning up after themselves and I don't trust the general public to do that. College students know who is using these heating stations: college students. And we trust each other for the most part. A large company could find heating stations useful, although not practical.
Hey Rana,
ReplyDeleteI agree with your future with your existing market. With a service like yours, it wouldn't be difficult to get the ball rolling, especially with the network you have. I think with a growing market, benefits will outweigh the costs and you could have great success. I also agree about your opinions on a new market, which would be a little less practical. Great job!
Hey Rana, great job on your post! You're exactly correct about your existing market because it is already there, it just needs to be implemented on campus. I'm not sure how successful it would be outside of a college campus, but it very well might be. I can definitely see this concept working in close proximity to a grocery store.
ReplyDeleteHi Rana! Another great post. This product is going to do wonders for college students. Which is why I could not agree more that that is your existing market. I also agree that they are your main and possibly only market. But that is the beauty of it because it is a very large market. Therefore, your product should be very successful.
ReplyDeleteHey Rana, I agree that your product would be difficult to execute outside of college campuses, but I think another new market for you would just be other college campuses in general! I have never heard of a college campus having something like this and if you figure out a way to do it in a fiscally efficient way, I'm sure many college campuses would be interested in bringing this to their school. Great job!
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