10 ways to test your Business idea
• 10 ways to test your business idea
There are many entrepreneurs around the world, but most of them fail. Why is that? There may be several factors such as quarrels with business partners / lack of budget, but I think most of them do not test business ideas before starting.
Perhaps this is the underlying reason for other factors (quarrels with other colleagues / lack of budget, etc.), because you can fight with different views, or you can run out of budget without spending people's reactions on marketing. When it comes to business, it's very important to identify the potential for market success, as it can waste a lot of time and money on business ideas that no one cares about.
• Test your business idea
So now let's see 10 ways to test if it's a good ideas
1.Repeat feedback
In order to test business ideas in the least amount of time, the key is how to get a lot of customer feedback in a limited time. Also, when you receive feedback, you should focus on the core specifications to receive feedback. Since service that combines miscellaneous functions from the beginning is rarely successful, it is recommended to gradually develop the specifications of the service based on the feedback. Based on the core concept you want to do, you need to get maximum feedback from potential customers and develop your business based on it.
2.Expert
In order to understand the market and customers, it is always important to get feedback from experts in the market the company is targeting. Events are also held in Korea for entrepreneurs. Participate there to meet a group of experts and listen to them.
3.Interview
At first, the business idea is just a hypothesis that hasn't been verified yet. A good way to find out if an idea is interesting to the target audience is to do it yourself.
You don't have to ask people a lot of questions. Just ask the customers the minimum required questions, and let the interview flow naturally. In a natural atmosphere, some customers will lose interest in the interview, and these signals hint whether the company is targeting the wrong customer base or the service itself is wrong. If the interviewer asks, “I'm not sure if I will use this service, but if I have these additional features, I really want to use the service.” The company needs to seriously consider those additional features. If feedback is based on this, you can complement your business firmly.
4. Get out of the office!
This is something I personally emphasize a lot: do you think you'll be able to sit in the office and get your business done right? The media showcases only one part of the company: they also sell themselves to grow their company, get feedback and receive feedback. People have also met, don't be fooled by the media, and get out of the office right now and get in touch with reality.
Are you planning a business for a cafe (coffee shop)? Go outside and talk to your neighbor's coffee shop owner. Participating in a conversation can provide you with a lot of useful information you never thought of.
5.Online community
You can also have a natural conversation with your customers in a blog or a community or blog where the company targets the customer base or their problems. In the company position, you can communicate with potential customers to see how seriously they want to solve and solve the problem. You can get indirect feedback on how interested you are in the features of the.
6.Survey
If your company has a clearer business idea, the survey method is also useful. Try to survey online / offline prospects.
7. Teaser page (notice page)
If the customer base has identified the problem you want to solve through feedback, then test the solution (business service) for it.
First, create the main page of the website, name the website. Through the teaser page (coming soon page), express the important characteristics of the company in one sentence, and induce customer behavior (for example, the service is launched When prompted, enter an e-mail address to receive notification / induce button clicks to view company details)
To give you one know-how, after purchasing a domain, use a service such as Godady (you can show the company's message to potential customers until the service is launched). Then watch how visitors respond to the message. Rather than just posting one message, try testing different versions of the message after a week or two, and watch the trend of customer conversion rates according to each message. * Of course, a web analyzer should be installed, right?
8.Demo
If you are convinced that your service / product is a really good idea through the above situation, now is the time to develop a demo version. See if people use the demo version of the service, see what features they mainly use in the demo, and also test the customer response by changing the messages on the demo website. You can see if it's causing users' interest.
9.MVP
(Minimal Valuable / Viable Product-Core value product that can be completed with minimum effort and development)
Don't develop complex services that contain all the features from scratch.
Develop a service with the most essential features and get feedback from users on it first.
If you don't know what the company's core services are, it means you haven't yet figured out what the customer's problems are. In this case, you should find out what the problem is through a more customer interview.
10. Monetization
If customers pay the company, this is the clearest evidence that people like the company's services, and now the company's job is to expand its business and keep existing customers as regular customers.
Today we shared a quick way to test your business ideas. Have you applied any of the above? Haven't you applied any of them yet? Do you really want to grow your company well, then test your business ideas with the advice above!
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| Test your start up |
There are many entrepreneurs around the world, but most of them fail. Why is that? There may be several factors such as quarrels with business partners / lack of budget, but I think most of them do not test business ideas before starting.
Perhaps this is the underlying reason for other factors (quarrels with other colleagues / lack of budget, etc.), because you can fight with different views, or you can run out of budget without spending people's reactions on marketing. When it comes to business, it's very important to identify the potential for market success, as it can waste a lot of time and money on business ideas that no one cares about.
• Test your business idea
So now let's see 10 ways to test if it's a good ideas
1.Repeat feedback
In order to test business ideas in the least amount of time, the key is how to get a lot of customer feedback in a limited time. Also, when you receive feedback, you should focus on the core specifications to receive feedback. Since service that combines miscellaneous functions from the beginning is rarely successful, it is recommended to gradually develop the specifications of the service based on the feedback. Based on the core concept you want to do, you need to get maximum feedback from potential customers and develop your business based on it.
2.Expert
In order to understand the market and customers, it is always important to get feedback from experts in the market the company is targeting. Events are also held in Korea for entrepreneurs. Participate there to meet a group of experts and listen to them.
3.Interview
At first, the business idea is just a hypothesis that hasn't been verified yet. A good way to find out if an idea is interesting to the target audience is to do it yourself.
You don't have to ask people a lot of questions. Just ask the customers the minimum required questions, and let the interview flow naturally. In a natural atmosphere, some customers will lose interest in the interview, and these signals hint whether the company is targeting the wrong customer base or the service itself is wrong. If the interviewer asks, “I'm not sure if I will use this service, but if I have these additional features, I really want to use the service.” The company needs to seriously consider those additional features. If feedback is based on this, you can complement your business firmly.
4. Get out of the office!
This is something I personally emphasize a lot: do you think you'll be able to sit in the office and get your business done right? The media showcases only one part of the company: they also sell themselves to grow their company, get feedback and receive feedback. People have also met, don't be fooled by the media, and get out of the office right now and get in touch with reality.
Are you planning a business for a cafe (coffee shop)? Go outside and talk to your neighbor's coffee shop owner. Participating in a conversation can provide you with a lot of useful information you never thought of.
5.Online community
You can also have a natural conversation with your customers in a blog or a community or blog where the company targets the customer base or their problems. In the company position, you can communicate with potential customers to see how seriously they want to solve and solve the problem. You can get indirect feedback on how interested you are in the features of the.
6.Survey
If your company has a clearer business idea, the survey method is also useful. Try to survey online / offline prospects.
7. Teaser page (notice page)
If the customer base has identified the problem you want to solve through feedback, then test the solution (business service) for it.
First, create the main page of the website, name the website. Through the teaser page (coming soon page), express the important characteristics of the company in one sentence, and induce customer behavior (for example, the service is launched When prompted, enter an e-mail address to receive notification / induce button clicks to view company details)
To give you one know-how, after purchasing a domain, use a service such as Godady (you can show the company's message to potential customers until the service is launched). Then watch how visitors respond to the message. Rather than just posting one message, try testing different versions of the message after a week or two, and watch the trend of customer conversion rates according to each message. * Of course, a web analyzer should be installed, right?
8.Demo
If you are convinced that your service / product is a really good idea through the above situation, now is the time to develop a demo version. See if people use the demo version of the service, see what features they mainly use in the demo, and also test the customer response by changing the messages on the demo website. You can see if it's causing users' interest.
9.MVP
(Minimal Valuable / Viable Product-Core value product that can be completed with minimum effort and development)
Don't develop complex services that contain all the features from scratch.
Develop a service with the most essential features and get feedback from users on it first.
If you don't know what the company's core services are, it means you haven't yet figured out what the customer's problems are. In this case, you should find out what the problem is through a more customer interview.
10. Monetization
If customers pay the company, this is the clearest evidence that people like the company's services, and now the company's job is to expand its business and keep existing customers as regular customers.
Today we shared a quick way to test your business ideas. Have you applied any of the above? Haven't you applied any of them yet? Do you really want to grow your company well, then test your business ideas with the advice above!
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