3 Questions
What are some ways to validate a product idea?
Sharing the idea with the target market on online forums, sending out an online survey, starting a crowdfunding campaign, test marketing, researching market demand using Google Trends, launching a product launch roadmap, and asking for initial feedback on forums like Reddit.
What should be avoided when validating a product idea?
Overvaluing feedback from people who “definitely would buy” if the product was created, as well as asking advice from family and friends who lack prior experience.
What is a feasibility study and why should it be done?
A feasibility study is an assessment of whether a proposed idea is worth investing in, or not. It should be done to ensure that time, money and effort are not wasted on an idea that will not sell.
Learn about the various methods for validating a product idea and the common pitfalls to avoid during the process. Understand the significance of conducting a feasibility study and why it is essential for evaluating the viability of a product idea.
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