Overview
I interviewed three
different people than last time but they share the same occupation as the first
three, they all fish for a living. There is really no product alternative to my
“schoolcator” other than a homemade makeshift one. An alternative to using my product
could include having keep an eye on the school of fish no matter what. While
this would be extremely difficult it has the chance to work. Because of the
lack of competition price has very little affect on my product. Someone could
come up with a different style than my product however there will be no real
significant difference. My customer segment shares roughly the same important
factor and that is to keep up with schools of fish.
How/where do they buy?
Due to the size and price that the “schoolocator” is it can be
sold extremely easily virtually everywhere. While it will be made available
online, brick and mortar store will take the majority of my sales. This is a
product that not many people know about and they will have to hold the product
in their hand to make the decision. Costing roughly five dollars I expect a lot
of cash purchases to be made. I hope to make this product available in many
tackle shops and retailers across the country.
Post-purchase evaluation.
I believe the post purchase evaluation is what will help my word
to mouth advertising. People will be extremely happy with their purchase and tell
friends and family about it and so on. The question is who doesn’t want to
catch fish all day? This product allows the user to do this by staying up with
the school of fish. The negative side for the customer but is a positive for my
business is my products one-time use. It will be very hard to retrieve the
“schoolcator” from the fish its attached too therefore its quick biodegradable
materials. Customers will have to purchase a new one every fishing trip.
Conclusion
The people I interviewed provided me with a lot of confidence in
their acceptance of this product. They provided me with what I expected their
post purchase evaluations to be and that is extremely pleased. They did however
get a little frustrated with the fact that they would have to purchase a new
unit every trip. But agreed with me that retrieving the “schoolcator” from a
fish would be next to impossible. Overall I am very happy about the feedback I
received from my interviews and even more motivated to continue this.
I think the product has potential to benefit both customers and your business as long as it is high quality. People don't want something that won't work as intended, especially if it is only a one time use. I'm not sure whether brick and mortar would outsell online. It probably would in the beginning but as it gains more popularity I would imagine a majority of purchases would be online.
ReplyDeleteFrom what I know about your product, it seems like you are spot on with your marketing. It is a product that can be sold easily in many locations. I really appreciate what you said about post purchase word of mouth marketing. So much success is brought to useful products by those who tell others about them. Great job.
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