Hey all, to investigate if the problem you planning to solve with your business idea it is advised to talk to potential customers/represenatives of the industry you have chosen.
How do you get these people to talk to you? Do you use some platforms which are meant for this purpose? Do you pay people for speaking to you?
Thank you!
As a Founder and former turn-around executive validating a business idea is a key requirement before spending capital on implementation.
This is also a task that has to be handled by the originator of the idea so it cannot and should not be contracted out.
My technic when doing an idea validation is to start out with my first degree network (Friends, Peers and Relatives) and then my social network.
My approach is to create an opportunity for a one on one conversation that is not under time pressure and allows for open ended answers.
The key is that after I outline the idea I mostly listen and take notes.
Also whie preferrable, the conversation partner does not need to be in the same industry that the idea is covering. The best insights often come from the least expected source.
Best Wishes,
Herb
Hi interesting question here are my 2cents worth of suggestions hope they are of help to you-
1. **Hit Up Networking Events**: Don't miss out on those industry meetups and conferences where all the cool cats hang. You'll rub elbows with potential customers and industry folks who can give you the lowdown on your idea.
2. **Dive into Online Hangouts**: Join those online forums and groups where your peeps chill. Drop some questions, start conversations, and soak up all that juicy feedback on your brainchild.
3. **Slide into DMs**: Social media is your playground, my friend. Hop onto LinkedIn, Twitter, and Facebook. Shoot a friendly message or comment, offering a sneak peek of your idea and asking for thoughts.
4. **Whip Up a Survey**: Craft a killer survey and blast it out through email, social media, or online tools like SurveyMonkey. People love sharing their opinions, especially when they know someone's actually listening.
5. **Get Your Cold Outreach Game On**: No, I'm not talking about standing in the snow. Send some personalized emails or LinkedIn messages. Offer them a slice of the pie—maybe a freebie or an exclusive peek at your idea.
6. **Buddy Up with Experts**: Hang out with the big shots in your industry. Connect with experts and influencers who can give you the inside scoop and maybe even introduce you to your dream customers.
7. **Team Up with the Cool Kids**: Think about joining forces with other businesses that vibe with yours. It's like making new friends who already know all the right people.
8. **Set Up Heart-to-Hearts**: Arrange some one-on-one chats with potential customers. Dive deep into their world, listen to their stories, and offer them a little something sweet—a discount, maybe—to show your appreciation.
9. **Tap into Feedback Fountains**: Use online feedback tools like UserTesting or FeedbackFish to get the scoop from potential customers. It's like peeking into their brains without being creepy.
10. **Invest in Market Intel**: Sometimes, you gotta put some dough on the table. Consider hiring some research wizards to dig deep and uncover gold. It might cost you a bit, but hey, knowledge is power!
Remember, when you're reaching out, be genuine, be respectful, and always show appreciation for their time and insights. People dig that stuff.
If you have any specific query do feel free to get in touch or book call. All the best for you journey.
Certainly! Here are five effective ways to reach out to potential customers to validate a business idea:
1. **Surveys and Questionnaires**: Create surveys or questionnaires to gather feedback from potential customers. Ask questions about their needs, pain points, and preferences related to your business idea. This can help you understand if there is a demand for your product or service and what features or benefits are most important to your target audience.
2. **Interviews**: Conduct one-on-one interviews with potential customers to gain deeper insights into their needs and preferences. Ask open-ended questions to encourage detailed responses and listen actively to their feedback. This can help you uncover valuable insights that may not be captured in a survey.
3. **Focus Groups**: Organize focus groups with a small group of potential customers to discuss your business idea in more detail. This can be a valuable opportunity to gather feedback, observe reactions, and engage in a more interactive discussion. Focus groups can provide a deeper understanding of your target audience's needs and preferences.
4. **Prototype Testing**: Create a prototype or minimum viable product (MVP) of your product or service and offer it to potential customers for testing and feedback. This can help you gather real-world feedback on your idea and identify any areas for improvement before launching your business.
5. **Social Media and Online Communities**: Engage with potential customers on social media platforms and online communities related to your industry or target audience. Participate in discussions, share your business idea, and ask for feedback. This can help you reach a wider audience and gather diverse perspectives on your business idea.
Each of these methods has its own advantages and can provide valuable insights into your target audience's needs and preferences. By combining multiple approaches, you can gather a comprehensive understanding of your potential customers and validate your business idea more effectively.
Im offering a call for follow up on this hope to hrear from you soon
Hi! My approach would be different depending on the specific type of business and service / product offered. B2B vs DTC etc... speaking with customers or potential customers and gaining a strong understanding for the pain points is part of this process. Understanding how big these challenges are and the cost benefit, how much they are willing to pay, and the quality of the product you can deliver is another. I'd be happy to chat more and run through the details, but like anything, the clearer and more specific you can get about the goal, the better luck / more likely you'll be at getting there / finding the answers. Give me a ring lets chat!
There are some great answers in this thread. Ultimately, it takes some creativity and hustle.
First of all, you are correct that you need to talk to people who may experience the problem (as is reinforced by some of the other answers). But finding them and getting time with them is where the creativity comes in. It really depends on who those people are and what mechanisms they turn to for information. Facebook is effective of many people, but so are industry groups and chamber's of commerce. It was suggested that you join networking groups, but I would be more focused than that. Do your research and possibly use an LLM (ChatGPT, Claude, others) to suggest where your target audience goes for info. Then go to those places and find your people.
Be well prepared to talk with them when you find them. Have a good hypothesis of the problem they may have and how they may solve it now. Figure out all the assumptions you are making about them and how they experience the problem, then go validate those assumptions.
