Validate startup idea during early stages of development means you have to, first of all, ask yourself some important questions. These questions are called “startup validation questions” included:
What is my target audience?
Who are my potential customers?
Are people willing to pay for my product/services?
Is there room for potential scale up?
How can I beat the competition ?.
Most startup founders get too emotional about their startup idea that they don’t deem it necessary to test run it before going on to launch their startup. However, others neglect this simple vital most important step during stages of product development. It turns out that majority of them waste money, time and energy before finally realizing that their assumptions in the early stages about their startup idea isn’t realistic in relation to potential customers, market audience, propose sales.
The above-mentioned questions will make you consciously analyze how much of a profitable business you can turn your idea into. Why asking yourself some of those questions and analyzing them will cover some bunch of ground of how relevant your startup idea is. However
What every aspiring entrepreneur should know before launching their startup
It is not enough to give you a realistic conclusion whether to move on with the idea or not.
Below are 4 easy effective steps you can take to validate your Startup idea during early stages of product development.
1. ASK PEOPLE ABOUT YOUR IDEA.
Thisis one of the very first important step to take during early stages of your idea development. You have to talk to people and ask them about their opinions of your idea before you commit any further investment. Ask them if they would like to order your services or products and at what cost. Don’t be too carry away by the exciting response. Acceptall sort of feedback both positive and negative reviews and try to pivot your idea with the reviews..
2. TALK TO EXPERTS WHO ARE RELATED TO YOUR STARTUP.
The more we ask questions the more knowledgeable we become.
There are some professionals working in fields related to your startup idea. They can be a very vital source of useful information that will help you a lot. Professionals bring in many years of experience. One of the ways you can get in touch with professionals online is to search on Linkedin.
3. BUILD AN MVP :
MVP which stands for minimum viable products. The MVP is a product which could be a website with just enough features to provide early customers the satisfaction of your startup and also helps you get feedback for further product development.
Thereafter you can go on to build a more powerful website or Apps for the proper launching of your of your startup idea.
4. RUN A SMALL AD CAMPAIGN
It is very important to run a small budget add campaign to test your startup idea and get to know how your customers will react to it… Social media platforms like Facebook, Twitter, Instagram can be a great way to start.
Many startups have failed because their ideas were not properly validated before they were launched. So these are just a few easy tips on how you can validate your idea before launch so as to avoid unnecessary failure after much investment.