Describe your experience
personally I had a bad experience with the market, even though i lost $50 i gained experience in running a business for 4 days and the work and responsibility that goes with it. and learned that
Who I was working with and my experience with them
My group consisted of Me, Myself, and I. and after I had to spend 4 days with me I have to say I suck, I did although share a table with Kekekeychains (Vincent) and if I had to describe my experience with sharing a table with him i’d say… I don’t know most of the time i forgot he was there so he didn’t really change my experience with the sale.
Why did you do it
I picked erasers because, it was what the majority of people wanted when i asked, I also personally like the product i made which does make a major difference for experience when you are doing the work for you business and product, the choice to make erasers did shape my experience and the market as a whole for the better even if it means i lost $50
What else happened that might be important?
during the sale i lost a total of $48 dollars of my own money and that had a pretty big impact on my experience
Did this experience differ form your initial expectations
yes, when i started marketing my expectations where that it was a small one class market and that each class would get there week to sell, because of this i thought my competition would only be 10-15 groups and it was likely to make my money back while also gaining marketing experience, i was way to naive now i know it’s a bloody thirst event that is kill or be killed. All jokes aside because of how high my expectations were all it gave me was a false thought and a bigger defeat when i inevitably fell, and shaped my experience for the worst.
what did I learn
I leaned that when selling on any kind of market it is a much more cut throat business that you might think, i learned you really need to pay attention to what the consumer wants and who your demographic is.
How did I learn it?
i learned it through my experience with the market and seeing how I soled my product to the wrong age group and that even it your product looks good you need to know you demographic and how to market your product/service.
Why does it matter?
it matters because I need to know this information for if i want to run any kind of business in the future no madder how big or small. And now I have hands on experience with running a business and can look back on this if i ever need to as a way to get ahead of my competition.
What should be done differently in the future?
In the future i should pay more attention to who i’m marketing to and how i should market my product/service, I should also make more surveys and get more information and feedback before i even start to make my product, Lastly I should make a product or service that i like myself so that it doesn’t fell like work but rather a hobby or fun task.