Overview
Week 5 discussionespond to the following in a minimum of 175 words:
After completing Topic 9 in this course, what are some of the things you can do to identify and find customer groups for your business?
- Do you believe that crowdfunding platforms such as Kickstarter are a good way to find customers for a new business? Why or why not?
- Assume you are starting a restaurant or food company. What are some unique things you could do to confirm that people like and will buy your products?
- What do you feel are the best free or low-cost methods for finding customers for your business?
week 5 assignment Think of a business opportunity you might pursue based on what you’ve learned during this course. If you already own a business, think of a new product or service you might develop.
Answer the following in 350 to 525 words:
- Describe in detail 3 specific customer groups you think will be interested in your product or service, (age, gender, education, occupation, ethnicity, family status, preferences, affiliations, values, etc.).
- Explain the reasons you think each group of potential customers will be interested in your product or service.
- Describe how you will approach these customers about buying your product or service.
- Explain how you will deliver and the factors you will consider when pricing your product or service.
- Assess your anticipated gross margin, operating costs, and profit margin. Explain how you will grow your business in the first five years with these in mind.