provide in detail the following information:
1. Recommend which of your 3 alternatives has the most potential? Say why you chose it – show market growth and size of market; size (population) of target audience (use census data or AI to discover size.) etc. (SHOW NUMBERS); your choice should have limited direct competition or be a disruptor of the market (see file under powerpoints or 2/17 video for definition of disruptor).
2. Provide a paragraph (2-3 sentences) which describes one of your recommended products/service ventures (one with most potential) and what unique solution or benefit(s) it provides to your target audience ie what is its value proposition?
3. Provide a specific target definition for your initial primary audience (Men, women, age range, married, single w kids or not?; define any lifestyle related to product, income range?); in what geographically defined area- how many people does this represent you should have answered this in question 1? Utilize US Census to determine/define.
4. What is the revenue model for your product in other words what are the revenue stream(s) that your product will provide. what will you charge for your product(s)/services?
5 How will you manufacture, operationalize, distribute and/or sell your product /service to the end user consumer? yourself, outside entity and why?
6. What ongoing costs will you have to operate your business- not investment. Cost to make and provide your product or service. Materials, supplies, labor etc.- be specific. Preliminarily, what will be the cost and price per unit of your product/service?
Requirements: complete questions

Leave a Reply
You must be logged in to post a comment.