HOW TO VALIDATE YOUR STARTUP IDEA

Contemporarily with the virtue of internet many small-scale businesses has spread their wings. With the number of start-ups mushrooming across the country, the competition is growing as well. When one talks about startups, investment definitely comes into the picture and while there is an investment, you definitely need to think twice.

So how are you supposed to vah2date your start up an idea? And think about it in practical perspective? Here is how –

REASEARCH WELL

Even before you plan to plan it out your first and foremost step has to be – research. You need to figure out if this will really be perceived the way you want it to be. You can have a mini survey done to get the rough idea. You can also go through the case studies, talk to expertise in your reach process.

LANDING PAGE

Much before you decide to build a website, you must prepare a landing page. A landing page is created to give a short information about your idea, create the buzz amongst the target audience, keep them hooked to your product and service. You can design the page with some catchy tagh2nes and to the point information. This will enable you to have a grip on understanding how is your product or service is taken.

BUILD AN MVP

MVP stands for Minimum Viable Product, in order to check whether you can do good with this product or you need to improve it a lot more, you need to prepare MVP. Suppose your idea is to open a store, what you can start with is opening an onh2ne store and try selh2ng one or two items. This will require less amount of investment plus you would get reh2able feedbacks.

BULD YOUR IDENTITY

Build a social media presence, talk about your products and services with people and try to generate interest amongst people. Have a logo and some regular post updates, this will increase the recall value and could make you the point of talking amongst your target audiences.
 

MAKE A PLAN

Planning is vital and especially when it comes to starting ups. Prepare a plan as to how would you go about the acquisition of the consumers present in your target audience. Chalk out the ways and channels through which you will reach out to them and sell off your products and services.

RUN A TEST

This is probably a traditional idea yet used worldwide. What you can do is run a test of your product, as if suppose you are into selh2ng some food items… gather completely strangers to taste it and get the much needed and honest feedback from them. Compile all the suggestions and reach a point as to whether you this idea is workable or not.

Startups are vital for economic development of the country but not all Startups see the height of the day, make sure yours is not one of them. Tell us about your ways of validating your idea.

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