How to validate startup idea ?
You wanted to badly launch your startup idea but you are hesitating because it might be a complete bust. You are going to and fro from the drawing board making sure you have covered the details of your new idea that you want to test out to your friends and family.
But before anything else, have you ever considered to stop and ask yourself – Did you validate your brand new idea? With all the excitement of making a prototype of your new baby, you forgot the most crucial step in any new business venture. This is to check whether or not your idea will have actual potential returns or if it will be a complete failure.
There are a number of best practices in validating your startup idea, one of which includes conducting a survey. Surveys are one of the most effective means by which you can gauge the wants, needs, and interests of your customers. This is more like getting data of the most common problems people have.
One thing you should note is that you need not talk about your solution. Simply listen and compile most of the problems people encounter and why those problems occur, so that the next step for you to figure out is to state your problem. You need to articulate the problem you want to solve. If your product or service is able to solve one of the problems you found in your survey that most people encounter, then you have a successful start-up idea.
Successful entrepreneurs were able to enhance the lives of their customers and of course, customers will patronize the products or services offered to them because they are well aware that they will benefit greatly. It is a two-way street, after all.
We could go on all day defining and detailing the many ways to validate your million-dollar idea. But to make things easier for you, we have created and compiled the most common validation tools in an infographic below.
Keep scrolling down and check out our amazing graphic that details the ways to validate your startup idea. This will help you walk the same successful path of entrepreneurship.
Courtesy : startbloggingonline