how to test a business idea in 3 steps
DESCRIPTION
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
How to Test Your Business IdeaBy FitSmallBusiness.com
STEP 1
Talk to People Who’ve Done It
Have You Invented a New Necktie?
Then Talk to People in the Necktie Business.
Don’t Know Anyone in that Business?
Use LinkedIn to Find Them
Resources
REMEMBER!
Ask Questions
You Want to Do More Listening Than Talking.
Don’t Get Emotional
Don’t try and convince people who don’t like your idea.
Haters = Valuable Insights
Family & Friends Are Biased
Now that you have spoken to industry insiders...
What Did You Discover?
Still Confident Your Idea is Good?
GREAT!
STEP 2
Craft Your Elevator Pitch
Resource
Once you have your elevator pitch...
STEP 3
Find Some Customers!
You don’t have to have a product to ask people if they will buy it when
you do.
5 Ways To Find Customers
Look For People Who Have The Problem That Your Product Solves
1
Create a 1 Page Website Describing Your Product
2
(Use Godaddy.com’s Website Tonight. Its Easy.)
Add An Email Capture Using Mailchimp.com
(Free and easy.)
Use Google Adwords To Drive Traffic To The Site
Resource
Use Google Surveys To Ask People If They Would Buy This Product.
3
Use Kickstarter
4
Resource
Contact Bloggers Who Write About Your Industry...
5
Ask Them If You Can Do a Guest Post
And Finally.....
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