Tuesday, February 9, 2016

Idea Napkin No. 1

1) Me.  
I am Wendy, a junior exchange student from Hong Kong. 
I major in management and I am good at dealing with people and enterprising.  
 I have analytical skills, strategic management skills, computer skills in setting up a website and webpage design. I have experience in working abroad and organizing activities for children.  
My aspiration is to become a successful human resource specialist and provide professional services to help the community. 
Specifically regarding my business concept, I see this business being a stepping stone to learn and improve my capability in owning my business and starting a company for my future career. 
2) What are you offering to customers? 
Create an online platform selling bubble milk tea. The platform allows customers to select the types of ingredients they want including pearls, fruits etc. And they can also adjust the level of sweetness, amount of ice, etc.
Then customers can make an order directly online with just one click. The bubble tea ordered will be made and delivered to several locations around UF campus including the Reitz Union, Hub, Heavener, etc within 15-20 minutes.  
3) Who are you offering it to? 
I am offering it to mainly UF students in Gainesville. I found that many students are actually interested in foreign food or drinks that are new to them. So a foreign drink may have a good opportunity in this market. They are mostly from middle class families that can afford a drink like this. They spend most of their time on campus during Monday to Friday. 
4) Why do they care? 
customers will actually pay me money to use my product and service because of several reasons. 
First, it can highly customize the customer's tastes and preferences on the ingredients and level of sweetness and amount of ice that they want
Second, it is very convenient to order and get the drink
Third, it has fast delivery service and the locations are convenient for customers 
Forth, it is relatively cheaper than other competitors around that area

5) What are your core competencies? What sets you apart from everyone else? Also: what do you have that nobody else has? 
Geographic advantage. I offer on campus delivery service that competitors cannot. 
Differentiation on product. I offer a customized product that suits customers needs.
Best price product. I offer higher quality drink at a relatively lower price.

I believe these elements fit together. 

3 comments:

  1. Wendy,

    I think you have a great idea so far! I do think you might want to add a description of what bubble milk tea is for those who do not know. Also, I think you may want to broaden your market. If this is going to be an online company you might be able to make more money with a broader market. Of course this is assuming that you would be able to send the tea out without it going bad! I am not totally sure how it would work! Great Idea thus far!

    Here is the link to my blog if your interested:
    http://poecr.blogspot.com/2016/02/napkin-idea-no-1.html

    ReplyDelete
  2. Wendy,
    Sounds like an interesting concept - I'm all for trying new things and I may have to track down my own bubble milk tea sometime soon. I think you have a large enough geographic area to test the product and work out delivery/production kinks before needing to scale. Your skill set seems to suit the opportunity well. I would suggest setting up in various locations and giving out free samples to students passing by as this will help get word out and customers will become familiar with your product. Good luck on this! You can check out my idea for a laundry cleaning service here http://ufentclassblog.blogspot.com/2016/02/idea-napkin-no-1.html

    ReplyDelete
  3. this is a great idea i know personally i always want to try new things so it would for sure sell. as long as you include the ingredient

    ReplyDelete