Saturday, March 19, 2016

Week 10- Growing your Social Captial




Growing Your Social Capital 
For those who want more information on my product here is my idea napkin: http://ckm-ent3003.blogspot.com/2016/03/week-9-idea-napkin-no-2.html
Ryan Rosenbaum: The domain expert in my industry
1)    Ryan Rosenbaum is the owner of a company named Phlex. Phlex is a company that provides quantitative data regarding specific athlete’s performance.  Phlex takes a scientific approach to improve a swimmer’s strength, efficiency, and training so that these athletes can improve in ways they have never seen before.
2)    I am filling the domain expert in my industry with Ryan and his company. While we are not in the exact same industry, we both have the same end goal: we want to help athletes better their training. Phlex was formed from UF varsity swimmers and coaches.
3)    I had heard about Phlex through the Florida Club Swim and Dive. I contacted Phlex through Facebook due to the fact that I thought it would be easiest and quickest.
4)    I messaged Phlex telling them about my product and asked for advice as far how to continue with my product, and how I would market my product in the future. Ryan was the person who responded to me, and it was fantastic. He gave me advice as far as making my product. He told me I should calculate how much it would cost to make, being an individual with no factory, and if this product would be financially profitable. He also suggested that I expand my customer base to open water swimmers and cyclists; two kinds of athletes that can’t just get out of the pool and get some food. Overall, he was extremely helpful. In return I will be putting his information below in case anyone is interested in Phlex’s services.
5)    Knowing Ryan and the entire Phlex team will help me break out into the college swimming customer base. While this does not cover every athlete I would like to reach out to, it is a start.

Lacey Daunt: The expert in my market
1)    Lacey is a traveling yoga instructor based in New York who offers personal counseling in health and wellness.
2)    I am putting Lacey in “expert in my market” because a large part of her market are young athletes. Lacey’s ultimate goal is to help athlete’s improve as people both physically and mentally. This aligns perfectly with my ultimate goal with the Snack Pack. Lacey also does a majority of her marketing online through social media, so I was curious about how well this tactic worked for her.
3)    I contacted Lacey through Facebook once again because of the ease and swiftness of the contact.
4)    When I contacted Lacey with my product and the questions about social media marketing she was ecstatic to help. Lacey told me about the best ways she thought I could get my product out to my customer base. She suggested becoming very active on social media and “following” pages that relate to young athletes health and fitness. She also suggested to just get out there and start talking to people at different athletic events. In return I will also be sharing her page.
5)    Knowing Lacey will help me further my business in that she can help me with my marketing and appealing to the younger population. She is an expert in social media and that will help me tremendously with my product.

Athletic Foodie: The supplier for my market
1)    Athletic Foodie is a company that produces energy chews meant for athlete’s midway through or after a workout.
2)    I am filling the supplier for my market with Athletic Foodie because they make the kind of snack I would want to put in my Snack Pack.
3)    I contacted Athletic Foodie through Facebook message, once again because it is easy and quick.
4)    When I contacted them they gave me an interesting answer. They asked me if my product was needed. Their energy chews already come in waterproof pouches. This was really helpful in that it helped me realize I need to do more in differentiating my product.
5)    Athletic Foodie has helped me rethink my product, and that is awesome. I wouldn’t want to make a product that was already in production. I offered nothing in return except that they will receive minimal advertising through this assignment.
For anyone interested in help with any form of aquatic training you should check out Phlex on Facebook and online. For anyone interested in living a vegan lifestyle, yoga, or a personal wellness coach check out “Ideal Living” on Facebook, Instagram, and online.

Reflect: This connecting assignment was super helpful in that it helped me realize more setbacks to my product that I will need to overcome. It also helped in marketing my product if I were to make my Snack Pack. Without the business advice my product would have completely failed and I will forever be appreciative of this! These entrepreneurs also taught me that the best way to market my product was to just get out there and start talking to people!

1 comment:

  1. Courtney,
    I read up on your product on your Idea Napkin No. 2 and I think that it's a great idea and has potential. While our ideas and contacts are way different, I think the 3 contacts you reached out to definitely fulfill the requirements. I think because you thought out of the box for these people, you got quality and valuable information. I, too, received advice that was beneficial and gave me an extra perspective. Like you, I think talking to these entrepreneurs was definitely a cool experience and assignment where we both learned that you have to go out there and start talking.
    You can check out my post here:
    http://jamesdonigan.blogspot.com/2016/03/growing-my-social-capital.html

    ReplyDelete