Business Idea: Commercialized Drip Irrigation Systems
How will you introduce, market and distribute your product or service? How do you anticipate pricing your product? How will that compare with your competitors? What market share do you hope to obtain by year 3 and year 5?
Try to build your model based on a concept of growing from the first sale. For example, “The first sale will take X weeks, or we anticipate contacting X customers each month and converting Y into sales.” Do not provide estimates based on “If we only gain 1% market share, we will be as big as X.” Try to justify your answers as much as possible.
