market test your ideas

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Market Test Your Ideas The $25 dollar plan Brandon McNamara Twitter: @Brandon McNamara February 2010 (or feedback for the cost of a tank of gas) BrandonMcNamara.com

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Test the demand for your product ideas for under $25 dollars.

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  • 1. Market Test Your Ideas
    The $25 dollar plan
    (or feedback for the cost of a tank of gas)
    Brandon McNamara
    Twitter: @Brandon McNamara
    February 2010
    BrandonMcNamara.com

2. I want to build a website that allows people to share old books
My idea: people want to create things with other people of similar interest.
I just know people will want to use my service!
My website would be like Twitter but for older adults
BrandonMcNamara.com
3. IDEAS ARE ABUNDENT IN SUPPLY
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4. BUT
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5. IS THERE DEMAND?
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6. So, what does this mean?
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7. Ideas can be tested
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8. MARKET TEST YOUR IDEAS
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NEED
9. For $25 dollars
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10. Who needs to do this?
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11. Anyone who is thinking of building/designing/creating something
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12. Examples of Use
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Starting new pizza restaurant
Writing a new book on career advice
New online sandal store
Starting Your Own Niche Non-Profit
Creating new game for toddlers
13. REMEMBER:
Failure = Feedback.
Without failure learning is impossible
BrandonMcNamara.com
14. So, how do I get started?
BrandonMcNamara.com
15. Quick&Dirty Plan
Write the Solution Down
Protoype Site / Idea in Powerpoint
Purchase custom domain
Open Snappages account
Build minimum site to get idea across
Start Adword campaign
Include Google Analytics
Track, Measure, and Iterate
BrandonMcNamara.com
16. Solution that solves a problem
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17. PowerPoint = Rapid Prototype
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18. Examples of landing pages
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19. COPILOT
Features
Sign In
About Us
Test Pilot Your Ideas
Quickly create landing pages
Sign Up
A/B test pages
Use Custom Domains
Track the relevant metrics
BrandonMcNamara.com
20. COPILOT
Features
Sign In
About Us
Test Pilot Your Ideas
Quickly create landing pages
Sign Up
A/B test pages
Use Custom Domains
Track the relevant metrics
BrandonMcNamara.com
21. Next, Purchase Custom Domain
BrandonMcNamara.com
22. Purchased
Ubisqus.com
$12 Year Domain
BrandonMcNamara.com
23. Total
GoDaddy.Com Domain$12
Total$12
BrandonMcNamara.com
24. Next, Set up Snap Pages
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25. BrandonMcNamara.com
26. $8 dollars a month
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27. Total
GoDaddy.Com Domain$12
Snappages.com Pro Account $8
Total$20
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28. So far, not bad, right?
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29. Now, on to more details
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30. BrandonMcNamara.com
31. BrandonMcNamara.com
32. BrandonMcNamara.com
33. BrandonMcNamara.com
34. BrandonMcNamara.com
35. VS
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36. Google Form
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37. Place holder for Google Form
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38. FREE!%!$
(Free is great)
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39. Total
GoDaddy.Com Domain$12
Snappages.com Pro Account $8
Google FormFREE
Total$20
BrandonMcNamara.com
40. Protoype Site / Idea in Powerpoint
Purchase custom domain
Open Snappages account
Build minimum site to get idea across
Start Adword campaign
Include Google Analytics
Track, Measure, and Iterate
BrandonMcNamara.com
Quick&Dirty Plan
41. BrandonMcNamara.com
42. Drive Customers to your website
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43. $5.00/day budget
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44. FIRST ITERATION
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45. SECOND ITERATION
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46. THIRD ITERATION
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47. SEE ANY PATTERN?
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48. ITERATE
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49. Keywords
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50. Clicks
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51. Impressions
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52. Click Thru Rate
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53. $5 Total Start up Cost
(I pre-paid $40 dollars)
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54. Total
GoDaddy.Com Domain$12
Snappages.com Pro Account $8
Google FormFREE
Google AdWords$5
Total$25
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55. Track & Measure
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56. Started AdWords Campaign
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57. Metrics
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58. Goals / Funnels
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59. Keep it Simple w/ Goals
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60. Conversions are signals
Set up conversion goals
Ex. Landing page -- > Sign Up -- > Submit
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61. Total
GoDaddy.Com Domain$12
Snappages.com Pro Account $8
Google FormFREE
Google AdWords$5
Google AnalyticsFREE
Total$25
BrandonMcNamara.com
62. Lessons Learned
Ideas are Cheap, Failure & Feedback are Priceless
Vet your Ideas: the goal is to test for demand Ive presented one way to do this.
$25 is a cheap investment to test ideas
Look for signals (clicks, conversions)
You wont get it right at first: Iterate, Test, Iterate, Test, Ect.
Have fun!
BrandonMcNamara.com