9 Ways to Validate Your Startup Ideas
By: Scott on March 21, 2017
The first step in making sure that your startup ideas will happen is to have others validate them. Going through this process helps sharpen these ideas and make them more interesting to investors. If they see these ideas as feasible and could be a money-making machine in the future, they won’t have second thoughts in funding it.
To validate your startup ideas, begin by stating the problem and what your startup ideas can do to solve these problems. It must be clear to your target clients why your ideas are going to make their lives better. This also means you have to study your target clients better.
Understanding what their needs are and finding a way to address those needs is a must. Perhaps, you have great ideas. However, they don’t necessarily match with the needs of the target audience. It will be useless.
One way to gauge the needs of your market is by conduct a survey. This gives you a glimpse of what exactly it is that the people want. It will also let you know if the sample population will patronize your ideas if ever they become a reality. A positive response will encourage you to pursue your ideas. Otherwise, changes must be done first.
Having a mentor or advisor to guide you in every step of the way is also important. Find people who have been in the business for quite some time. Those who have started with small ideas that eventually turned big are the best people to seek for advice from. They will share to you what they have done to make their vision a reality.
Finally, you must start a crowdfunding campaign. This hits two birds in one stone. It allows you to determine the responses of the people towards your campaign and at the same time get funding. This validates the beginning of your original ideas and also gives you the fuel to start running the business soon.
Validating your startup ideas should be done first before anything else. Business ideas that were not tested out prior to implementation usually end up in a disaster. You don’t want to head to that direction.