In today’s article, blogging expert Sarah Smith from Start Blogging Online explains 9 different ways you can validate your startup ideas in 2017.
Validating your product or startup idea does NOT have to be expensive or time-consuming – and today’s expert gives you the tools you need to confirm that your idea is a great one.
Validating your startup ideas before looking for funds or implementing them is a must. You would rather face the truth regarding the feasibility of your product or business ideas now instead of finding more about it later when it is too late.
There are a lot of ways to validate your ideas. This post will show you just a few quick and simple validation techniques that cost little to nothing to execute…
Start by seeking a mentor’s help. There are a lot of experts in the field of business who are willing to give their free time to help those who are still starting just like you.
By seeking their advice, you become more confident in your ideas.
Another reason is that they can be brutally honest with you. They know that you respect them so you will accept criticisms. Being open to suggestions and changes allows your ideas to blossom even more.
Having a mentor is like being guided by your parents. They will ensure that your ideas will soon transform into reality. They will walk you through the process until you achieve your goals. It is better than going through the challenges alone.
Seeking their advice also allows you to be more hopeful that your new product or business ideas will really be a reality soon. You know that they will go through a lot of sharpening first before they can be put out there for the rest of the world to see.
Asking for a mentor to criticize your ideas is just the beginning.
There are a lot of other ways to validate your startup ideas. Check out the infographic below as it contains more tips on how to validate your startup ideas.
That’s it for today’s online business growth hack!
9 Key Points (validating your startup idea):
- Determine Your Target Market. Your target market will show you the kind of customers you will market and eventually deal to. This is very important for startups. Know their needs and match it with your product/service.
- Figure Out the “Pain Point”. Make sure your product or service is able to solve your customer’s problems. If it does, then you have found a goldmine and your business will be successful.
- Keep Tabs on Your Competition. It is important to know your competitors, what they are doing, replicate their system if you must, and finally be able to gauge where you are at in the same niche market.
- Conduct Surveys & Listen To Customers. Always be gracious to customers, they are the lifeblood of your business. Listening to your customers and keeping an open ear will help you learn and grow your business. Make surveys to know your customer’s pulse and be able to address their issues and requests.
- Have A Mentor Guide You. Reach out to a business expert from your field and learn from them. You will build a good business empire if you have a guide who’s practically been there and done that — so to speak.
- Have a Business Website. A business website is the gateway to your business. You open your doors to potential customers and let them know what you offer and how your business can help them with their specific needs.
- Stay In Touch With Your Customers. Again, we want to reiterate item no. 4 where we mentioned you have to listen and, of course, stay in touch with your customers. This shows you care and is a good way to establish loyalty and repeat buys from valued customers.
- Trust In Yourself. This may sound like a cliche, but it still holds true to date. If you don’t trust yourself, who will? Trust in your gut feeling and everything else will radiate in your business. Always keep an open and optimistic mind.
- Try Crowdfunding. Crowdfunding is a surefire way to test whether a startup idea will be a hit or a miss in the marketplace. Try websites like Kickstarter or Indiegogo to find out more about the feasibility of any business idea, plus you get help funding your business this way.
You should also use online business tools available to you for idea validation. Talk to people about your startup idea and gauge their responses. Above all else, look at the companies in your industry and find out what problems they’re trying to solve today.
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GOT A NEW PRODUCT OR BUSINESS IDEA THAT’S VALIDATED?