How to test your startup idea before investing money???

in #money7 years ago

Failure is the path to success. Not every business or product will make you millionaire.
So how can you find or determine that your product has the potential to serve people and is it worth to invest time and money of yours.

Some simple tests to find out are -

  • Look for search traffic

    An easy way to find the demand of your idea is to find whether people are searching on google for the problems they face that your product can solve. In this way you can find your costumers.
    There are some tools like SEMrush or Ahrefs that can help you.

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  • Look for competitors
    If you find any competitor that means your idea already exists. All you have to do is compete. You will find your target costumers automatically due to the competitors.
    You can offer product in another location to new people offering new feature to attract your audience.
  • Test your marketing scheme
    This point is obvious. Do not judge your product success on whether people thinks your idea is neat. Your goal is to learn whether people would be willing to pay for the product or service you are offering.
    World may or may not be ready for your awesome idea so you have to consider the right time and place before investing.
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