The revenue drivers from my business would be largely based on selling advertising. This would be more valuable then regular blanket advertising, because the service's coverage area would be the University. Therefore without having to be invasive, advertisers would know a lot of information about the users.
The next thing the venture could do is expand it's coverage to other Universities or neighborhoods. Expanding the user base as well as building relations with other business to advertise with. Another option, could be to offer a paid tier where users don't see advertisements. This would improve the user experience. Considering most the initial users will be college students, many probably would rather opt for the free version.
My idea is more of a service then a physical product, but I found a T-Mobile Hotspot that could solve a similar problem. The Hotspot creates a wireless network for phones and laptops to access. It requires a T-Mobile data plan and sim card to operate.
The main issues are people wanting to use different types of data plans compared to the one that T-Mobile supports out of the box. Also some people reported T-Mobile is phasing support for the product out, but not informing users till after they bought the product.
Users did like how easy it was to get running if you used the suggested plan, as well as the ease it is to access the internet on the go.
I would change the design to work on multiple carriers bands, as well as support more types of data plans. In addition, I would also add an extend battery pack to allow charging for other devices from the Hotspot.
As I said before, this wouldn't be something my venture would sell, but a form of competition. The Hotspot means the user could get internet connection in most areas, however that connection is less reliable, slower, and cost more than my solution would.
Hello Matthew,
ReplyDeleteA friend and I are actually developing a location tracking wristband that uses mesh networking to track location. It sounds like you want to have physical networks that would produce the signal, whereas we were going to use cell phones and radio signal inserted in the band to communicate location to each other. This is going to be a massive market in the future and something you should definitely get into. If you want to talk and discuss this, here's my email. drew(dot)stuerman@gmail.com
I think that you have very interesting idea and did a good job with your Amazon project. Your product sounds similar, at least t me, to a hot spot is that what it is? I am not good with advancement in technology and most of it I truly do not understand which is why my business is much more low tech.
ReplyDeleteHere is a link to my blog if you want to take a look at it.
http://wjkms.blogspot.com/2016/03/amazon-whisperer.html