Quickly Validate Your Business Idea - Or kill it before it becomes Darling.

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Validate Your Business Idea Don’t let it become Darling

Transcript of Quickly Validate Your Business Idea - Or kill it before it becomes Darling.

Page 1: Quickly Validate Your Business Idea - Or kill it before it becomes Darling.

Validate Your Business Idea

Don’t let it become Darling

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Best Idea Ever!

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Best Idea Ever!

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It’s Cool Right?

1. Check Online: 2. Interviews3. MVP or Mockup4. Pre-Sell 5. (Don’t ask your mother)

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Why don’t I know it?

Is it a problem with marketing? Design? Missing Features? Poor functionality? Other?

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Serenity Siren

Why do we have to about our stuff being stolen?

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Exists?

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“I’m disappointed there aren’t

more products of this kind”

“I really wanted this

to work”

“Tried DESPITE

the negative reviews”

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Google Search ConclGreen light:

People online are saying they would like a better solution.

Next step: Interview people on what their real problems

are with bag-theft so we can design the correct solution.

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Solving it today?

Ask People!In person, Linkedin, Skype

Do NOT tell them about your idea!

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Who has this problem?

But ask everyone!

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When was the last time you...

Do you worry about your stuff? Where? How worried are you? How do you solve this today? It is a problem? Why, Why, Why, Why and Why?

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You tryWhen was the last time you???Tell me moreDid you…? Why? Interesting… Why?

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And

…What else should I have asked you?

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Pre-sell Your IdeaI have Super Widget Wheel 3010 here with me that solves all your problems.

Do you want to buy it?

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No’s are GREAT!I understand. Just so I can make it better in the future, could you tell me why you don’t want to buy it?

Customer: Well it doesn’t have X.

If it did X would you buy it?

Cont….

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Ask, Ask, Ask!

Until…

Great, when can I buy it?

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Finding the first Customer

B2B – LinkedinB2C - Forums, Facebook Groups, etc…

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MVPTry to sell to the first customer

No…WHY?

Try again!

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Watch these videos1. https://www.youtube.com/watch?v=kVKsfDTDYuIGive a quick overview of why and how to use interviews correctly. 2. https://www.youtube.com/watch?v=Cl9vMBFHIf0Gives a quick overview on how to ask quality questions