Validate Your Startup Idea

10 Ways To

Swarnendu DeInnofied Solution

@swarnendude

You?

Me.

Got an idea. Now what?

1. Write down your product

concept

1.Your idea2.What problems do you want to solve?3.What is your target market?4.Who are your customers?5.How does it solve the problems?6.What features will your product have?

Write down your product concept

2. Have a good domain

expertise

3. Identify a good market to

enter

1.Size of the market2.Disruption/change in the market3.Right time to enter the market

Identify a good market to enter

4. Fake it till you make it

1.You do not always need a MVP in order to validate your idea. 2.Interactive prototype works well3.Develop MVP with least effort possible4.Delay complexity5.Launch early

5. Go out and

test your idea

1.Define the target audience2.Start with your network3.Recognize your ideal customers4.Feel free to share your idea5.Asking friends and family is not same as validating your idea6.Liking your idea is not the same as buying your product

Go out and test your idea

6. Analyze the data. Repeat.

7. Sell before you build

Helps in:

1.Gaining confidence2.Winning a real customer who wants a solution to his problem3.Testing the product4.Having a deadline in mind5.The customer leads the development often

Sell before you build

8. Investment is

earned….not given

http://youtube.com/v/uOvryUPR6dA

9. Have passion & focus

10. Personal development

1.Create strong online presence2.Write blog posts3.Use LinkedIn 4.Know the technology a bit

(if you are a non-technical founder)5.Know Marketing 6.Learn Analytics7.Networking / Events

Personal Development

1.Document your idea2.Gain domain knowledge3.Identify a good market to enter4.Create an MVP with least complexity 5.Go out of the building and test your idea6.Try to get a customer before you start building the product7.Analyze the results. Iterate. 8.Probably you don’t need funding immediately.9.Have focus and passion10.Invest in yourself

Summary

Innofied Solution Pvt. Ltd.Award Winning App Development Company

W: https://www.innofied.comE: business@innofied.comM: +1 866 941 5117