7A - Testing the Hypothesis, Part 1
The opportunity
College students have limited finances and space in their residences, so a lot of them do not have many basic items that they would need occasionally but do not have here at college. I believe that this leads to the opportunity of a sharing platform business for college students to share things or rent things out from other students. The types of items that this is aimed towards is more expensive items that are not used often, such as any tools, art supplies, hammocks, step ladders, cooking items like a mixer or bundt pan, ironing board, etc.
I believe that all college students share this need to a certain extent. I used this opportunity in an earlier assignment where I interviewed people, but I interviewed more people to gain more feedback.
In summary, people who had this problem less were oftentimes people in a frat or sorority, because they already have a large network of people that they can ask if they really need something. Many people had the issue of needing art supplies for a poster board or some project but not having any, so they wished that there was a way for them to borrow from a large selection of items without having to pay the cost of buying all of them from the store, especially when they weren't expecting to use them again much.
That is such a cool idea! I have had many instances where I would forget to get certain school supplies, or really want to try out a hammock. I think this would be a great opportunity to connect many students together. There could be a possibility for groups within the application, for example, for dorms to share cooking utensils and classes to share art supplies.
ReplyDeleteYou did a good job with this assignment post. I remember when you identified this opportunity in an earlier assignment. I thought it was a great idea back then and I still do now. I think this idea can grow into a successful business. The only feedback I have would be to go into greater detail in your posts. I love your idea and would like to read more about it in greater depth.
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