You have a business idea, but how are you sure that idea is the right business idea. You might have a business idea, but it might not be a good business idea. So how can you confirm that your business idea is a good one?
In this article, I would give you three ways to immediately confirm you have a good business idea.
- Make sure it doesn’t exist yet. Make sure that your business idea doesn’t exist yet. And how can you find that out? You can run some search on Google to check if there is a service or product that is very similar to your idea. If you find services or products similar to your idea, you can still improve your product and service to make it more unique. Or you can probably target a different niche. If you are very lucky and your product or service doesn’t exist yet, you can still make some improvement on the product to make it more unique. After that, you can move on to the next stage.
- Put your business idea on a crowdfunding site. You can set up a crowdfunding campaign. Setting up a crowdfunding campaign is a good way to confirm you have a great business idea. Apart from the fact that setting up a crowdfunding site help you validate your business idea, it also helps you to raise money to fund your business idea. However, re-selling other people’s product and service won’t work on a crowdfunding site. Crowdfunding sites are for people with unique business ideas that people can pay for. Apart from the fact that you can collect money upfront, you will be able to build chemistry with you and your future customers. However, if your marketing on the crowdfunding site fails, then you would know that your idea might not interest lots of people. But don’t give up.
- Ask your family and friends for feedback. Before you sell your idea to the public, you should ask your friends and family for feedback on your idea. However asking from family and friends can be somehow because they wouldn’t want to be truthful because they wouldn’t want to hurt your feelings. It is very important to ask them to give you an honest feedback despite the way you will feel because their feedback will determine a lot.
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