25A – What’s Next? Submit Assignment
Existing Market:
Step 1: The next step for my business HMkicks, is to hire employees that will help me get more done in less time. I want organized and hard working students as my employees. They will help me finish my shoes, package them, and ship them.
Step 2: After conducting more interviews, I was able to gain a lot of knowledge about reaching more customers. Since I attend the University of Florida, the people I interviewed suggested that I make myself more known throughout the school and gain more “gator” customers. This will also help with not having to ship my shoes across the country since my customers live here.
Step 3: In the future I would like to be creating more products rather than just shoes. Possibly t-shirts, hats, and stickers.
New Market:
Step 1: I want met product to appeal to more than just young adults and college students.
Step 2: The people I interviewed suggested that I should reach out to more teenagers, specifically high school students. They explained that in high school, kids want to express themselves and tend to acre more about their image than college students would.
Step 3: I would reach these customers by following them on Instagram so they can become aware of my product. My younger sister is in high school and I could use her as a connection to this this target segment.
Hi Hannah,
ReplyDeleteI like how you distinguished your new desired market to spread beyond college students and to other adults and people that can use your product. This is a key component for entrepreneurs because to get the most success you need to reach the most amount of people that can eventually use your product and bring you success. Good job.
Hey Hannah, I enjoyed reading your "What's Next" post. I think that you thought this plan through and that it will be successful. Smart idea in hiring workers that can accomplish more task in less time because it will benefit your business and will keep things running speedy and smoothly. Also, smart idea using social media such as Instagram to connect with customers.
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