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Not Elsewhere Classified: Researching New and Niche Industries

Not Elsewhere Classified: Researching New and Niche Industries

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Not Elsewhere Classified: Researching New and Niche Industries

New and Niche Industries

● Industry

● Total Addressable Market

● Proxy

● Competitors

● Customers

● Funding

● Social, Legal or Political

● Resources

● Tips

● Example

Proxy Company

● Public Company● Competitors● Same Industry● Same Customers● Same Monetization

Source: FreeImages.com

SWOT

● OT = Industry Wide● Weaknesses = Niche

Source: Whole Foods Market Inc., SWOT Analysis, Marketline, April 1,2015

Industry Overview

● Fitbito Dieto Gymso Pedometer

s

Source: Fitbit Initiating, Dougherty & Company, June 17, 2015

Total Addressable Market

Source: Salesforce, Dreamforce 2013 Conference

Legal, Social and Political

● New Tax Laws○ Medical Device Tax

● Regulatory Concerns ○ Short term rental regulations HomeAway &

AirBNB● SEC rulings

○ Individual investors - not just donations● Justice Department

○ Bazaarvoice, monopoly enforcement

Competitors

DirectIndirec

t

FundingM&AIPOFinancial AdvisorsLegal AdvisorsCustomersExec Bios

Competitors

● Market Research Cited

● Search for Competitors

● Gartner

Source: Gartner

Customers

● Jet Owners● Luxury Market

o arto travelo jewelry

Funding

● Intersection of Tech & Sports

● Funding● VCs

interested

Source: Crunchbase

Licensed Resources

Free Resources

● Crunchbase● PwC MoneyTree● FormDs.com● Thomasnet.com● Indeed Job Postings

● Freemiumo BizJournalso Statistao eMarketer

$

Social Media

● Facebook● Linkedin● Twitter● HootSuite● Twitonomy

Associations

● For any industry● Market research● Surveys● Free and pay

Forums

● For any industry● Market research● Surveys● Free

Source: Stack Overflow

Google Search Strategies

● Google News● Google Alerts● Site:gov● Filetype:ppt/pdf/

xls

How do you teach?

● In-class case study● Focus on what they know● Think outside the industry● Group consultations

Tips

● Be Persistent● Look for leads● Keep track as you go● Cite your sources● Authority is relative

Source: FreeImages.com

Proxy Company

Source: Wayfair, Initiating Coverage, Goldman Sachs, October 2014

Markets - Home Goods

● Furniture & Home Goods

● eCommerce● Shared

Economy

Source: Wayfair, Initiating Coverage, Goldman Sachs, October 2014

Markets - Home Goods

Source: Wayfair, Initiating Coverage, Goldman Sachs, October 2014

Markets - Sharing Economy

Source: FastCompany

Markets - eCommerce

Source: CB Insights

Customers

● Online Furniture● Growing Cities● Home Construction

Source: Wayfair, Initiating Coverage, Wedbush Securities, October 2014

Customers

Source: AMERICAN MILLENNIALS: Deciphering the Enigma Generation, Barkley Research

Competitors

Source: Crunchbase

Adjacent

● Pinterest● Ad Placement

Source: Digital Information World

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