23/04/2021
IDEA VALIDATION or the process of checking your offer for its economic feasibility 💰.
Ideas by themselves do not carry business value — only that have been tested in market conditions, suitable for scaling, are good.
You can go from the formation of a clear project idea and its verification in combat conditions on the target audience 💪 with a clear and action plan.
In this post, we will look at one very simple and working tool 🗝.
MVP (minimum viable product) is an early version of your offer that solves at least one customer problem and has the minimum number of product features.
The main purpose of an is to test the interest in a solution you come up with.
Before developing an MVP, you need to go through the validation stage. In this process, you need to involve your target audience.
The goal is to check:
🅰️ How interesting is the offer to people
🅱️ Are they willing to pay.
At the same time, the focus should not be on the product, but on the problems and needs of the audience.
It is possible that such a problem simply does not exist, or people see it differently.
You can get feedback:
◾️ through real interviewing
◾️ online polls in social networks and forums
◾️ creating a landing page
🍋 To put it bluntly, you can design a landing page promoting a non-existent product and, based on conversion rates, determine if it’s worth continuing to develop the idea.
🧾 Idea validation steps:
👌 Determine as accurately as possible who your potential client is?
👌 What problem (or “pain”) does your product solve?
👌 How exactly does your product solve the customer’s problem?
👌 What are the risks of validating your idea? (For example, high advertising budget and operating costs, or complex technological back-end MVP) 🟡
👌 Formulate an offer, create a “‘landing’” page and set up targeted traffic (usually contextual advertising).
How do you test business ideas?
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