25-A What's Next

Existing Market

1.I believe what’s next in my venture is getting people to know my product. 

3. I believe what is most important for my venture in the existing market includes making sure my product is known and that I sell it. I remember from last week’s lecture that a big problem entrepreneurs face is that they forget to sell their product. I believe that I will have to start going to classes that I may not be in and use the A-recorder and sell it to students. This will familiarize students with the product so they know it is out there. This will also show them how the A-recorder works as well. 

Another important aspect I believe that is important for my venture in the existing market is to communicate with other tutors because they already have a market established. This will help me possibly receive recommendations which could potentially win me potential customers. 

New Market

1.My new market will include people that are not in college.

2. My venture concept could potentially create value in people who are not in college because they as well need to pay attention to important information and may need guidance as well.

4.I believe that my new market (people that are not in college) would try to direct me to helping people who are businesses professionals and people that have important meetings and exams as well. These people may also have a need for the A-recorder and the A-recorder can work in the same way as well. Which is why the A-recorder is so versatile. 

This new market does seem to be attractable but not as attractable as college students because they are in a constant need of study supplements. Therefore, I believe my existing market is most suitable when it comes to my venture concept.