Idea Napkin No.2

1.     I am the type of person that loves to travel and loves to be in or on the water. Surprisingly my aspiration is to become a real estate lawyer. My aspiration for my business would be for it to be able to help people who love to be on the water just as much as I do by making their boat ride a lot less arduous.  It would play a big role in my life because I get joy helping people out and if my idea could help many people I would be happy.

2.     My product is a self-docking boat the boat would have a magnetic docking rope, which is shot out and attached to the dock. Also the bumpers pop out so the boat will not hit the dock and get scratched. This all is done by a touch of a button to make getting off the boat after a long day fishing so much easier.

3.     The demographic that my product would be mainly sold to would be a pretty wide range. It would be offered to people from the age of 18 to about late 60’s. You have to be 18 to drive a boat and people usually drive until there late 60’s or 70’s.  I would say fisherman and divers would love this product because after a long day they are super tired when they get back. What my customers would all have in common is that they own a boat and usually are out on the water for long periods of time to where a self-docking boat would be such a prize to them.

4.     I think the customer would pay for this because if they can dock the boat at   a push of the button they could spend the extra 30-45 min out on the water fishing or diving and not have to worry about docking the boat. Also if you are a fisherman the extra 30 min can mean a lot during that time you could catch a lot more fish and make a lot more money on them.

5.     I think what sets me apart from everybody else is that I have been in the shoes of people that are on the boats. I am on the water and chance I can get and I can relate to people and will listen to my customers.

I think these five elements fit together pretty well. I do think though one aspect of my business that my need a little more work is trying to figure out how the mechanical part of my invention can work. One thing is for sure I am no mechanical engineer and I would have to hire someone to do that aspect of it all but  after that I think my idea is a pretty solid idea for hardworking people.

Feedback Memo:

I did not complete the last assignment so I did not receive any feedback but I think there probably isn’t anything anybody would have a huge problem with. 

I think if there was anything it would be what I stated earlier about the mechanics of the idea but I cannot figure that out until I have money to hire somebody for that.