Saturday, April 25, 2020

29A- Venture Concept #2

Given the following feedback from various other students in similar positions, I would make this app service as easy and simple to use as possible. I would make it available to anyone who truly wanted to use the free service.
The opportunity to create a way for MLB fans to watch their favorite teams out of market has always been an issue. Paying for MLB.TV can be costly for a college student, but my idea creates an opportunity for college students to create an account that provides these students the opportunity to watch their favorite teams, out of the typical TV market by simply watching Advertisements and responding to questions provided by the companies paying for these advertisements. This will allow a college student to watch his favorite team for free, allowing MLB.TV to generate capital based off of these advertisements, while the companies are receiving valuable feedback. Though, MLB.TV does provide a service without these advertisements, this can create an opportunity for baseball fans to watch their favorite teams while saving some money!·      The forces or changes in the environment creating this opportunity is the option of watching your favorite team for free by simply responding to questions based off commercials and advertisements shown during commercials and after these games conclude.

·      The market can be defined as anyone with an interest of watching an out of market baseball game.Customers are currently satisfying this need by paying for MLB.TV or streaming their out of market game. I do not believe this opportunity is “HUGE” but can be an opportunity for Major League Baseball to receive critical feedback that many advertisers and marketing professionals would find useful.The window of opportunity will be open as long as there are baseball games being played.
I did not change much from the idea, I will simply be creating an app, website and marketing strategies for this new free service. The company will profit immensely off the selling of these free subscriptions, advertising and using user data to help further market these individuals.

Entrepreneurship: Definition, Origin, Concept

3 comments:

  1. Hey Jake,
    Have you ever heard of espn+ or even better have you ever heard of Reddit. If not let me enlighten your day by saying your business will fail because there are already so many streaming services that you can use. With a tv provider you are allowed to watch basically any espn game on your phone. With Reddit you are able to watch any live game for free from stream links.

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  2. Hey Jake,
    I really like the idea that your concept for the app will be free, but I am worried about being able to continue providing the app with no steady income from it. I know the survey will generate money but I am not sure it will generate enough to make the current profit generation technique viable. I am not the most knowledgeable in how much money these advertisements would be able to generate but I would imagine it would become an issue in the future.

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  3. Hi Jake,
    I think that it is great that you want to make this app as an opportunity for people to build themselves up without having to make a grave initial investment. I think that the advertisements would be a really good idea to help people to use this to improve their future.

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