The prototypical customer would be anyone who loves animals who would adopt a new companion if they could feel more comfortable knowing there are ways to monitor the pet when they can't be at home.
Prototypical customer 1. The next door neighbor single male in late 20's.
- Do you need a non-human companion to keep you company?
Answer: "Yes, but I work during the week and don't know if leaving the pet alone is safe."
- How long have you thought of the need for a pet?
- How are you addressing your need for a companion pet?
- Are you satisfied with your solution of not having a pet because of concerns about leaving it alone?
- What if I told you there are ways to monitor your pet while you're away and feel at ease?
Prototypical customer 2. A family I ran into at PETSMART in Butler Plaza in Gainesville.
- Do you need a non-human companion to keep you company?
- How long have you thought of the need for a pet?
- How are you addressing your need for a companion pet?
- Are you satisfied with your solution of not having a pet because of concerns about leaving it alone?
- What if I told you there are ways to monitor your pet while you're away and feel at ease?
Prototypical customer 3. A random female I ran into while walking my dog in the neighborhood.
- Do you need a non-human companion to keep you company?
- How long have you thought of the need for a pet?
- How are you addressing your need for a companion pet?
- Are you satisfied with your solution of not having a pet because of concerns about leaving it alone?
- What if I told you there are ways to monitor your pet while you're away and feel at ease?
Reflection
I do believe that just by talking to these people in three different situations that my original assumption about why people are hesitant to adopt a pet is true. The most surprising thing is that in all three situations the people didn't know there was a way around their biggest fear which was leaving the pet alone and to be able to feel comfortable doing it. If people knew there are ways to monitor a pet while they're away chances are greater that these people would satisfy their need and adopt a pet.
Summary
I believe that all of my original opportunity still exists. It's possible though that the opportunity could drop to around 55% just because people are hesitant to do something from only hearing things without actually seeing something first hand. This would lead to my new opportunity to be less accurate than when I started. I think entrepreneurs must always adapt their opportunities based on customer feedback because if there is no need by the customer, the opportunity can't move forward.
Hi Victor,
ReplyDeleteThis is an interesting post about the opportunity of having a pet. I'm curious to know exactly what opportunity about having a pet exists to where you could make a business out of it. It sounded like finding a solution to the problem of leaving the pet at home and not being able to watch it as a busy professional. Is that accurate? I think you have a lot of potential in this market, but because of the size of the market, it is crucial to be more specific about what problem you are going to try to solve and how. I'm curious to see how you build upon this idea as the course progresses.
Hey Victor, I am a little confused on what the opportunity is here. Is it minimizing the amount of pets in shelter through adopting or justifying having a pet in general? My opportunity idea is similar to yours in terms of peoples lifestyle playing a big part in potentially making the opportunity happen. I'm not sure if 75% of the opportunity exists though. In today's society, many people are living a fast-paced life and having a pet is an extra expense. I like the idea though and think it has potential.
ReplyDeleteMichelle Lam
Hello Victor!
ReplyDeleteI definitely agree with the fact that most people do want pets and that most people also feel like they don't have the time for them. I believe there is room for lots of growth in the adoption agency in terms of bettering their system that creates awareness of all the available dogs that could be adopted. I also believe that people who say they worry about being a pet owner is okay because not everybody is ready for a 10 year plus commitment in their life. Creating a way to assure more people that the decision they are making is the right one is a entrepreneurship opportunity.