Venture Concept No 2

1) Opportunity: The people that have a problem are travelers who leave the country for extended periods of time. In addition, people who leave their cars at their houses for long periods of time aren't utilizing their assets to their advantage. Specifically, the need is to make money when they aren't using their assets that cost thousands of dollars. One of the main things that are causing this opportunity is the attractiveness towards people sharing their property in order to make a residual income. This market is first defined within my immediate location of people who are leaving Tampa. More specifically my demographic would be single white males who are in their 30s. I believe that this demographic would be willing to take the risk at first and act on a lucrative idea like this. People are currently satisfying their need by taking an Uber to the airport. Other than that, they currently have no solution. I think that this opportunity will only be open for another year until the car ride takes over the entire US market.

Innovation: This type of business is incredibly innovative because there is absolutely nothing like it on the market. Essentially, I will allow travelers to park their car for free at the airport in exchange, they will have the availability of having their cars rented out by people who will be coming into the city. This is incredibly innovative because most car rental places have their own vehicles and it leads to a lot of decreased liability on their side. It also creates an opportunity for people to make money in their own way. Through a special payment plan, tourists can actually be making money while they are away on a family trip! I plan on making money by collecting a portion of the car rental and retain it. I will also make money on different insurance plans that people will buy since they might want the best type of protection.

This type of solution will provide my clients with a solution for paying for parking and even putting money in their pockets so they can spend on their vacations. I also think that an incentive program that gives clients air travel miles would be beneficial in order to directly tie in with more vacation or business people. It will, however, be fairly difficult for people to switch to this product that they don't even know they need. It will require a very talented marketing team in order to inform people about the solution we wish to offer.

2) It looks like no one had posted any comments about my Venture concept, however, I did receive criticism from my business partner Isaac. He told me that I needed to work on the product more and that I didn't deeply describe the pain point that I am solving. In addition to that, he didn't really understand the whole solution of the problem which made it difficult for him to stand behind.

3) I slightly changed my venture by emphasizing the pros that my company offers. For example, I think that a big selling point of my business would be the increased revenue that my users could make. After all, that was such a big selling point for the founders of Airbnb. I think that the increased use of the people on AIr bnb is related to the communal giving that is driving a new era of this economy. And this company is completely towards that