Wednesday, March 16, 2016

Elevator Pitch No. 3 - Week 10

1) The pitch


2) A reflection on the feedback you received from your last pitch. 
"I am not really sure what a watch has to do with it? In your pitch you mentioned a lot about the issue but didn’t really get in to exactly what your product does."
"I suggest you clarify if the tracking apparatus is attached to a specific lock that Wheel Watch provides or do you attach it to your bike and your are free to use whatever lock you already own"
"My only question is can you use the GPS tracking device on multiple bikes or is is specific to the lock it comes with?"

"I like the idea of using GPS to find the bikes. The find my phone app has been a savior for me on many occasions. If your system uses something similar to that, you will really have something in my opinion."

The main things I took from the feedback I received where that I should very distinctly explain what is it wheel watch is. For example, the first comment makes it sound as though I'm selling literal watches. The second comment talks about a need for clarification for what the GPS tracking device does and how it works. The third comment is if you can use the lock on multiple bikes, which you can't, because one GPS tracker would correspond to one item. And the last comment talks about how using a phone app type would really be beneficial in his life, and probably to many people who use our product.
3) What did you change, based on the feedback?

I tried to change a lot, quite honestly. I don't feel like my second pitch was very great at all, so with this attempt I tried to gather all the feedback and apply it as best as I could to clarify exactly what my product is about, and what are trying to do with it. I also wanted to give a more lively and dynamic pitch. 

2 comments:

  1. I really enjoyed your elevator pitch about your business idea of Wheel Watch . The idea behind this project seems really interesting! I know for a lot of college students, transportation is an issue and many student use bikes. My only issue with this product is that other may try to steal it off of the bike. Check out my elevator pitch on cordless chargers in Marston Library. http://ent3003tb.blogspot.com/2016/03/elevator-pitch-no-3.html

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  2. Hey! So I definitely think your idea is based off a legitimate need. I know UFPD offers a way to register your bike in case it is stolen, and that may be one way that people already try to keep their bikes safe. Your method could be far more effective and useful in the end at keeping bikes from being permanently stolen, but I think there are some concerns once your device becomes popular that people could just break the GPS device or take it off.
    Overall, good idea, but you could work on your enthusiasm and charisma in order to sell the pitch more.

    Also, check out my blog post:
    http://sebastianent3003.blogspot.com/2016/03/elevator-pitch-no-3.html

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