how to test a business idea in 3 steps

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How to Test Your Business Idea By FitSmallBusiness.com

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In today's presentation we are going to look at how to test a business idea so you can find out if a business has a good chance at success before starting.

TRANSCRIPT

Page 1: How To Test A Business Idea In 3 Steps

How to Test Your Business IdeaBy FitSmallBusiness.com

Page 2: How To Test A Business Idea In 3 Steps

STEP 1

Page 3: How To Test A Business Idea In 3 Steps

Talk to People Who’ve Done It

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Have You Invented a New Necktie?

Page 5: How To Test A Business Idea In 3 Steps

Then Talk to People in the Necktie Business.

Page 6: How To Test A Business Idea In 3 Steps

Don’t Know Anyone in that Business?

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Use LinkedIn to Find Them

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REMEMBER!

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Ask Questions

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You Want to Do More Listening Than Talking.

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Don’t Get Emotional

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Don’t try and convince people who don’t like your idea.

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Haters = Valuable Insights

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Family & Friends Are Biased

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Now that you have spoken to industry insiders...

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What Did You Discover?

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Still Confident Your Idea is Good?

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GREAT!

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STEP 2

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Craft Your Elevator Pitch

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Once you have your elevator pitch...

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STEP 3

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Find Some Customers!

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You don’t have to have a product to ask people if they will buy it when

you do.

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5 Ways To Find Customers

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Look For People Who Have The Problem That Your Product Solves

1

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Create a 1 Page Website Describing Your Product

2

(Use Godaddy.com’s Website Tonight. Its Easy.)

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Add An Email Capture Using Mailchimp.com

(Free and easy.)

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Use Google Adwords To Drive Traffic To The Site

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Use Google Surveys To Ask People If They Would Buy This Product.

3

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Use Kickstarter

4

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Contact Bloggers Who Write About Your Industry...

5

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Ask Them If You Can Do a Guest Post

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And Finally.....

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For More Free Advice On Starting And Running A Successful

Business...