EP:9 – 3 Easy Ways To Check If Your Product Idea Will Work
Dip your toe in the water before you jump in.
In this episode, I’m discussing how to know if your product idea will actually work in your market before you invest your life savings. Perhaps it’s very different from ideas you’ve had in the past or you’re starting out for the first time – it’s incredibly important to know if you’ve got something worth pursuing before you spend all of your time and money.
To help crystalize it for you, I’m going to run you through 3 easy ways to check if the market will love your product before you invest heavily in it.
Before launching my eco nappy range, I did extensive research and exhibited at baby expos to pick the brains of what parents want out of a nappy. Over a 12 month period, we gathered 32,000 names of parents who are about to be parents or had young babies. We had proved our concept before investing and had even sold $100,000 worth of nappies before we received our first container of stock.
Remember, you are not your client or customer. You may absolutely love your product but others might not. Write down and follow the 3 methods in this episode to know that your product will be well loved by your audience before outlying your money and you’ll enjoy tremendous success.