I am working on a technology that would aid in theft recovery of stolen bikes. It would function in a similar way to LoJack for cars in that it uses a hidden transponder and radio frequencies to pinpoint the location of a stolen bicycle. I am doing some basic market research and if you could answer these questions it would help me out a lot (this is part of my college capstone project).
- Have you ever had a bicycle stolen? (if so, what was the financial loss?)
- How many bicycles do you own and what do you estimate their worth to be?
- Would you purchase a theft recovery system for your bicycle(s)?
- If yes, what would you be willing to pay for the system assuming a recovery rate >90%
- Where do you live?