With an increasing trend to sports gambling after the supreme court made it legal more people has started to join the industry and giving an online platform will be an easier way to serve to the customers need.
a) When Penn National Gaming purchased social media giant Barstool Sports. I realized that this gave Penn National Gaming unilateral access to a very broad target audience of sports fanatics who most already gambled through Barstool's platform.
b) There are very few leading online gambling sites and none control a majority in market share, leaving and opening for new companies. And that an industry leader is paying a hefty sum to have a leg-up on the competition is worth noting.
c) A sports fanatic who believes that he knows more than odd makers and prefers to gamble from home rather than physical location.
d) The opportunity would be in average difficulty to exploit because everything but getting the gambling license will be very straight forward. The site and infrastructure will mostly be automized so not much long term labor is required.
I saw this opportunity because I am very familiar with the industry of sports betting as well as online retail and e-commerce. And I realized that giving the average sports gambler the opportunity to place instant bets from the comfort of their own home could prove very profitable.
Opportunity 2:
With an increasing economic trend of online marketplaces and e-commerce there would be an opportunity in video game subscription services.
a) after searching the Xbox store to find a new game I was searching I came across the Month Pass, a subscription where you pay $12 per month to access about 100 video games that rotate out. But an even better idea would be a video game company where a subscription would be needed to access new and innovative games. And eventually start developing home-grown games.
b) This suggest that the subscription plan would work but it would be even more valuable if it encompassed new games and restricted games.
c) Would be the average games that isn't attached to any specific franchise and is willing to play multiple games.
d) This opportunity would be relatively hard to exploit since good networking would be need to establish the service as reputable and it could be costly to acquire new customers.
I saw this opportunity because I am an avid gamer and don't always know what game to play since I get bored of some very quickly.
Opportunity 3:
In Miami-Dade only two types of business are allowed to open, salons and restaurant's with patios to accommodate customers. Therefore it would be a good time to catch eager customers ready to leave their houses by investing in food trucks around the city.
a) I saw this new regulation in a press conference by Miami-Dade governor.
b) This new information will probably mean people will bolt to these opening businesses to spend their saved money and to leave their homes, safely.
c) Would be the average self-quarantined human who is eager to leave their home in search for activities outside.
d) This would be a relatively easy opportunity to exploit since food trucks are not very expensive and there will be a surplus of demand.
I was able to see this opportunity because I know many people eager to leave their own homes, safely, to do any activity outside. And I also know the marketability of food trucks in Miami being raised here.
Opportunity 4:
After new regulation requires most customers to wear mask when entering any grocery or most businesses there might be an opportunity for a service to customize your own personal mask.
a) I observed this new regulation whenever entering a Publix.
b) This new regulations will probably mean more businesses will likely adopt it for the safety of the customers and employees. And a personal mask will become a necessity.
c) Would be the average concerned customer who would still want to leave their homes for essential purchases.
d) This would be a relatively easy opportunity to exploit since mask material in relatively cheap and the infrastructure of product customization is prominent in our culture.
I was able to see this opportunity because I realized everything we have, from our haircuts to out houses are a part of our representation and a mask should be no less than that.
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ReplyDeleteIt really surprises me that there isn't already a lot of gaming subscription services right now. It seems to me that games like Fortnite, would generate a lot more profit if people had to pay for subscriptions just like they has to in Club Penguin. That was my Fortnite way back in the day. I also think there should be an app store type platform for gaming. This could also create a new market.
ReplyDeleteHey Manuel,
ReplyDeleteI enjoyed reading through your opportunities, and I was a huge fan of all the ideas that you gave out! All of your ideas were very opportunistic and I genuinely believe they would work well if you were willing to put work into any of them. I respect the way you look at an issue and find an efficient way to fix that problem.