Product Idea Validation and Feasibility Study

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.

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.

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.