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Know Where Your Idea Stands

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We all have limbs, this happens with idea too, everyone seems to have them. But some people build a larger than life strategy out of that singular idea which makes them outstanding and unique and such people are known as entrepreneurs.

Now similarly you have an idea, and you know it is great, but getting into entrepreneurship isn’t child’s play. There could be a time when you’re just not sure where to begin from. In that case I suggest jot down your idea and analyse what is the market appeal on the same, how you think the market would respond, even before you are thinking of shelling out a huge amout of money in the dark.

There are plenty of people out there who can advice you on how to make the most of it and accomplish what you want, but as this would particularly relate to minimum viable product (MVP), let me make an attempt to help you.

Keep it simple. There is way too much that the technology offers in terms of providing you with resources where you can build the complete functionallity of your product and also raise funds. So to start with you need to have The Product which will assure some attractability to your target customers. Or let’s say the agenda here is to deliver something which makes your customers show interest in purchase in minimum investment from your side.

Once a group of people have become the users, there will be a good chance for you to take feedbacks and understand what are the possible changes or modifications required to make it a mass product.

Exemplify, check and repeat. Now that you know what services you want to provide for a particular usability, look through what better things you can innovate out of that raw idea, how can you make it beautiful and just artistify it more. Once througu that thought, discard it immediately, burn it if you can because trying to adopt anything but simplicity might cause you a heavy loss. If you don’t relate to what I really mean, Google Oligvy and surf through their work, you will know the real definition of simplicity.

All you could simply do once you know what you have devised your product for is focus only on its foundation of the solution for the problem it was actually brought to existence. Create a landing page using WordPress and insert and analytic function to Google Analytics or AdWords and see at what rate is your ad being viewed. This will primarily give you an idea of how effective are you at marketing and also remain inexpensive, and whoever views the ad will automatically sent to your website. In case you have doubt on how to do any of these for the starters kindly look into YouTube for instructions.

Try testing your model on a crowdfunding platform as it’ll help you create your brand identity and make your product visible for pre-selling, which would give you an idea whether people are willing to pay for what they see.

So now when you have a network of a few people already using your product after you have had it tested, you must now focus on some real funding, and I suggest just go anyway about it, the best that suits which eventually would help you grow your revenues traditionally.

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