Assignment 20A- Growing Social Capital
Domain Expert:
- Who they are, what their
background is: Mike Dees, Chief of Everything at New Scooters for Less
- How this person is a “domain
expert”: He sells scooters on a college campus and frequently deals with
customers who have experienced scooter theft. He also sells various locks
at his store.
- How I found and contacted this
person: I bought my scooter from NS4L and found his email on the website.
- Nature of Exchange: What they
did for me, what is the return expectation: I reached out to him through
email asking for help. On their website, it said they were closed due to
COVID, but I received an email that said emails would be answered when
they reopened. I do not think there is a return expectation because I
recently purchased a scooter from them.
- How will including them enhance
my ability to exploit an opportunity: I think having someone who works in
the industry and also sells scooter-related things will be a great contact
to have in the future. Having someone who already knows about the local
problems in Gainesville could help me later on.
Market Expert:
- Who they are, what their
background is: Cat Liska, scooter owner who has gotten their scooter
stolen
- How this person is a “market
expert”: I could not find anyone who knew the market for scooter locks
well, so I chose someone within the market. She is aware that there is a
need for scooter theft prevention because her own scooter got stolen. She
knows any other people who have gotten their scooter stolen and also
represents a lot of the scooter market in college towns because she is a
sorority girl.
- How I found and contacted this
person: She is in my sorority and I work under her as an assistant to her
VP2 position.
- Nature of Exchange: What they
did for me, what is the return expectation: It was very casual. We talked
over the phone and she answered a few questions. Since I already assist
her in my sorority, there is not really an expectation of returning the
favor other than doing my job.
- How will including them enhance
my ability to exploit an opportunity: She is a person who understands the
large need for my product. She also represents a large portion of my
market and I could use her testimony in the future.
Industry Supplier:
- Who they are, what their
background is: Bruce Le, Manager of Locking Systems International, Inc.
- How this person is a “market
expert”: The company he manages makes and distributes various locks. He
would have information on what types of locks would work and how they
would be manufactured.
- How I found and contacted this
person: I looked up lock suppliers in Florida and found his title and
email on their website.
- Nature of Exchange: What they
did for me, what is the return expectation: I emailed him and also did not
receive a reply. I wanted to learn more information on the costs of
manufacturing and how to make an effective lock design.
- How will including them enhance
my ability to exploit an opportunity: If I include them, I would have a
potential manufacturer and a lot of knowledge on the supplying
aspect.
Reflect:
- I will say that targeted
marketing is very hard. It was definitely out of my comfort zone to reach
out to strangers and hope that they would give a random college student
their time and information. Another aspect that made it challenging is
that we are amidst a worldwide pandemic. Most businesses are closed, so I
had to get creative or send out emails knowing that I will not get a
response any time soon. In the future, I will pay more attention to the
people I meet, because it will be easier to find people or people that
know other people that can help me with my goal. I was more intimidated to
talk to the adults and professionals than the people that I actually knew.
Overall, this assignment was out of my comfort zone and required me to get
creative.
Hi Mady,
ReplyDeleteI love that you picked the owner of New Scooter 4 Less to be your Market Expert, not only because he is the ideal person to buy the product from you, but also because he is in the Gainesville area. This will make it so much easier to actually meet with him in-person and potentially help you get your business off the ground. And the fact that you just bought a scooter from him is even better because you already have a somewhat established relationship with him. You should definitely keep trying to get in touch with him to talk about your idea once covid-19 is over with!
Having someone who works in the same field is key to a successful business proposal! Mike seems like a great person to have in your corner to bounce ideas off of if willing. Knowing the market and also your customer can help you tweak ideas and determine what is really important to your customer. Manufacturing is just as important as the idea itself! A good manufacturer will determine how much you need to spend on quality control and customer service representatives post purchase. All of these items add up!
ReplyDeleteHey Maddie, great post. I have not kept up with your earlier posts, so I am lacking that context to this assignment. However, from what I can gauge from your post, it looks like you found great group of potential mentors for what I think you are proposing as your solution (based off your recent posts). I think it is especially valuable to have your market expert, the Chief of Everything at New Scooters in your corner. Someone like this can help you watch out for easily avoidable pitfalls. Keep up the good work!
ReplyDelete