Opportunity:
The opportunity that I have identified was finding a way to make going out on the water less of a hassel and more of an enjoyment! Being that I go fishing a lot and diving a lot I know how hard it is to come back and get ready to dock your boat as well as docking it. There is a huge market for boats that are less work because every hard working fisherman or diver knows how annoying it is when you get back and all you want to do is get off the boat and go to sleep. Obviously a self docking boat is not a necessity but it would be a great treasure a lot of people do not realize how exhausted you get on the water. There are so many boats that have different bells and whistels and a lot of people are willing to pay money for it as long as its something that will make them more money, save them time, and make their day out on the water more enjoyable. I have been on several different boats where they will be trying to dock and its very hard to dock in between two boats so my self docking boat would be súper handy in that situation. I have looked up to see if they have anything similar online of a self-docking boat but I have not found anything I did find a house that mixes soap and water that helps wash the boat faster and people have seemed to respond to it well. Their comments all said it saved them time that they could spend on the water fishing or diving. My Innovation is an add on to an exisiting product. My product docks the boats for you and popa the bumpers out of the boat so you dont hit the dock and scratch you boat. I am not sure yet on the price of my product but after building it and seeing how it will be attached to a boat I would see the right price range I should use.
The Self- Docking boat will help give people who love to be out on the water a more enjoyable and less of a hassel time. Customers will pay money for this product because they could make more money and have more time on the water. My product would not have any competitiors because this is the first tupe of boat like this from what I have seen with my research. I think my product has really strong opportunity because of the clientel I know and would have plus it is a very convinient product.
Gabriella,
ReplyDeleteYou have a very interesting concept that targets a specific market. So, would you just market your product the industry fishermen would work for a living on the water or would you also target the family who goes boating on the weekends? Also, would this product be an attachment to current boats that people could remodify to fit it? Finally, it seems like it would be hard to price at this set in the process, and it would be interesting to see who would try and copy this idea. I look forward to hearing more about this product.
Gabriella,
ReplyDeleteThis idea is so perfect for such a specific market! There is such a broad market for this that is nationwide. Whether you are a an avid yachter, fisherman, or diver, this concept is perfect for them! It is such a innovated concept that I wouldn't even know where to begin. I would love to have seen a price or hear about any potential competitors. Great work!
The market for this product is massive, as fishing is a way of life for many cultures around the world. With the Internet of Things set to take over the automation world in the next few years, I believe this technology can and will be a hit. I do think that this will be an expensive add-on, but so is automated driving and the market is growing massively for it.
ReplyDeleteI think you nailed it with the motivation for customers. People always love to save time and money, and considering time is money... people always love to save money. This concept provides a lot of value to people who are always on the water. Your slogan should be "Water you waiting for? come buy a self-docker!"
ReplyDeleteHey Gabriella,
ReplyDeleteI love this idea! I grew up fishing and out on the water a lot so I definitely know how tiresome it can get. I would have loved to hear more about how this would actually work and the technology behind it – would it be similar to cars that can parallel park themselves? The only problem that I can see is that this would definitely be marketed towards the higher-end more luxury fishing/boating industry, which is a smaller market.