Comments on: Lean Market Validation: 10 Ways to Rapidly Test Your Startup Idea

By: ioanna

ioanna — Wed, 10 Feb 2021 12:52:03 +0000

great insight

By: Promise

Promise — Tue, 21 Jul 2020 00:01:26 +0000

I Gained so much from this Article.
Am at the verge of launching an Internet based service company and i spoke with a dear friend of mine based in Washington and she recommended i do the Lean Market Validation Test to ascertain the viability of my idea.
This Article helped a lot. However, my concern is this: What’s the place of self conviction and dexterity in entrepreneurship, especially judging from history that most successful brands are born out of Negative Perception of Men that the idea is worthless? E.G Alipay
And I love to know, how best can an Entrepreneur determine his Customer Base??

By: Hayzay

Hayzay — Mon, 08 Jun 2020 15:23:55 +0000

Thank you very much for this article. My question is what is if your target audience is in the diaspora, how do you carry out this interview and market validation since it can’t be done one on one

By: Pavel

Pavel — Mon, 11 Nov 2019 14:45:46 +0000

There is a term – Pretotyping – it means testing an idea without a prototype like your product already exists on the market. The cheapest and fastest way to check the idea before realisation.
A very good tool for pretotyping – Tryit.app – The platform for making pre-launch tests of future mobile apps or games. Without development and for free.

By: Swapnil

Swapnil — Mon, 26 Aug 2019 21:17:38 +0000

What if while getting a feedback to your idea, a person from whome you getting a feedback copies your idea by somehow managing to decode what you are trying to do and implement it before you do? What then?

By: Anonymous

Anonymous — Sat, 15 Jun 2019 11:33:13 +0000

wow, so clear and concise. thank you for the knowledge share

By: Anonymous

Anonymous — Sun, 05 May 2019 00:57:09 +0000

Thanks for your insights! I’m currently trying to validate my idea

By: WOLFF

WOLFF — Sat, 22 Dec 2018 11:45:07 +0000

very interesting article that I will advise my students. Thank you for your participation in the enrichment of my courses in entrepreneurship.

By: Jaque Jarowski

Jaque Jarowski — Thu, 25 Oct 2018 08:30:52 +0000

I’d like to add the 11th point. Check out the recent article https://www.wsj.com/articles/SB10001424127887323528404578452802771649978. Also, it might be helpful to review:
https://www.quora.com/How-do-you-test-the-viability-of-an-online-business-idea-Have-you-done-it-How-did-you-do-it-Has-it-worked
https://www.foxbusiness.com/features/have-a-business-idea-test-it-on-the-cheap

By: Azman Nabi

Azman Nabi — Thu, 19 Oct 2017 17:07:50 +0000

Completely agreed with you on “Liking Your Idea is not the Same as Buying Your Product”.
That’s why I suggest validating the idea for MVO (i.e. Minimum Economic Viable Product) instead of MVP.
Usually, people tend to be polite and generous towards you and will give you positive replies. But don’t let them too generous and ask if they would like to pre-order your product.

By: Liz Baker

Liz Baker — Sat, 01 Jul 2017 13:16:36 +0000

Thanks for your insights! I’m currently trying to validate my idea for a B2C business, so advice like this is extremely helpful to me. Just one thing to add on the bias when talking to your network: To get a first impression on my idea’s value and to avoid this exact bias, I found ideacheck.io very helpful. They use a large panel of respondents to provide you with feedback from your actual target audience. The respondents don’t only answer “closed” questions, but also give open feedback which was quite insightful for me – to be honest, it wasn’t what I _wanted_ to hear, but that meant I could really learn from it… Maybe this will help somebody else, too.

By: Jim Semick

Jim Semick — Mon, 26 Jun 2017 17:05:44 +0000

In reply to Jahnavi. Thanks Jahnavi!