Marketing Fundamentals: Proof of Concept

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What is the significance of having proof of concept in a startup business?

To confirm that people are interested in your product or service

What is the purpose of setting smart objectives according to the text?

To make your objectives specific, measurable, achievable, realistic, and timely

How can a startup business go about getting proof of concept?

By setting specific and unique goals to achieve relative success

What is one strategy mentioned in the text that smart online business owners use before developing a product?

Create a sales page and sell the product before development

In the context of the text, what does MVP stand for?

Minimum Viable Product

Why is it important to attach a number to your goal when establishing proof of concept?

To provide a clear indicator of success and progress

What does 'smart objectives' stand for in the context of the text?

'Specific, Measurable, Achievable, Realistic, Timely'

What does having 'proof of concept' mean for a startup business?

Having evidence that the product or service will appeal to customers

Learn about the concept of proof of concept in marketing and how it demonstrates feasibility and viability. Understand why proof of concept is important in marketing strategies.

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