Friday, September 7, 2018

Assignment 4--Forming An Opportunity Belief

I believe that there is an opportunity regarding students that don't want to wait in the huge lines at the box office here at UF for their football game day tickets. The unmet need is a desire to get their game day without having to wait in line for them. Those who have the need will be all UF students. I believe that I can provide a service that allows for the delivery of students' tickets right to their doorsteps. The need came from people no longer wanting to wait in line for their tickets, which has been around for a long time. To meet this need right now, they have friends go and pick up their tickets for them with their IDs. I feel that I have a 55% chance of making this work through a website that users purchase the delivery through. The following are chats with some prototypical customers:

1. UF Female Sophomore:

  • How often do you go to our home football matches?
    • "Pretty often, I go to almost all of them."
  • How often do you come to the box office to get your ticket?
    • "Only sometimes, I try and get my friends to get mine for me."
  • Have you ever had a dispute with friends over who is picking up the tickets?
    • "Yeah, actually."
  • How would you describe your experiences of picking up your tickets?
    • "Pretty unpleasant, for the most part. It's always so hot and crowded, I'd rather have my friends get them for me."
Reflection: Prototypical customers of this sort are likely going to be open to a service similar to the one I have in mind. The sort of customer I am referencing is an undergrad student who regularly attends football matches. 

2. UF Male Junior:
  • How often do you go to our home football matches?
    • "Every time, I have season tickets."
  • How often do you go to the box office to get your ticket?
    • "For every match, for me it's part of the tradition. I don't mind going."
  • Have you ever had a dispute with friends over who is picking up the tickets?
    • "Nope, we all like to go to together."
  • How would you describe your experiences of picking up your tickets?
    • "Well I wouldn't say it's pleasant but I definitely wouldn't say it's torturous, either. It's alright."
Reflection: Customers like these seem perhaps a little more enthusiastic about picking up their tickets at the box office. However, should the opportunity of a delivery service come there way, I don't feel they'd shy away. 

3. UF Male Graduate Student:
  • How often do you go to our home football matches?
    • "Only once or twice a year."
  • How often do you go to the box office to get your ticket?
    • "Every time I decide to go to a game."
  • Have you ever had a dispute with friends over who is picking up the tickets?
    • "No, I always just go pick up mine."
  • How would you describe your experiences of picking up your tickets?
    • "Hot and crowded. But that's a given, it's no big deal."
Reflection: These types of customers are not likely to be very receptive of the opportunity at hand, given that they don't often go to games anyway. 

Summary: After speaking to some prototypical customers, I see now that a bit of the opportunity has been lost. I would say that there is around a 30% chance of making this work now, which is likely a more accurate figure than the original. I think that entrepreneurs should definitely adapt their opportunities a decent amount based on customer feedback. Examples of such could be targeting more specific markets, or adjusting a product a bit to fulfill customer needs. Adapting too much can cause the opportunity/product to lose originality, so it's important to find balance.

2 comments:

  1. I like you how established a belief around something you need/want. This seems like it could have come from a “bug” on your list, as who really likes waiting in a line?

    You targeted some key potential customers, which is great for gaining feedback and getting a more thorough assessment of the potential need. It would be worthwhile to consider the “free time” people feel like they have to go stand in line. Does someone going to school full time and working have less time to stand in line? Is this why they ask their friends? What about part time students who are parents and working? How much time do they have? Considering these customers and interviewing them might lead to a larger need than you reflected upon.


    I also wonder if you did a trial run and offered people the experience if they would change their mind? Maybe waiting in the line ( not terrible) becomes an unneeded time suck if they experience an alternative method of getting their ticket. I guess this would be beta testing and probably critical for pursuing the business further. It would also help you gain a better understanding of whether there is truly an unmet need which you can meet.

    Your initial research also helped you adjust your belief and approach, which is what successful entrepreneurs do. Maybe this research will help you fine tune the idea to meet the unmet need in a way you had not originally thought of.

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  2. I believe that this idea came from your own experiences with the process as well and trying to make it more efficient for everyone involved. The people that you interviewed were great subjects because each had differing opinions and allowed you to have a more accurate picture. I think the only issue with this even though it is extremely early is the fact of will people be willing to pay money in exchange for not having to wait in line. I think that's difficult to gauge at this moment considering college students but I like the idea and hope it will play out in your favor.

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