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How did you test your business idea?

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  1. #1
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    How did you test your business idea?

    If you have a business idea, how did you test it before you built your site?

    What steps did you take on planning your site?

  2. #2
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    Depends is something completely new? If not analyzes the competition. If it's something new solve a problem? how many people have this problem?

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    OSHI (10-23-2016)

  4. #3
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    ^^ Agreed. If it's totally new that can't be tested directly, but you can analyze the problem it solves and who it affects. For instance, you sell a software service that has never been introduced before. It reduces the operating costs of oil rigs by 14% by doing x. Pitch the problem.

    There's no such thing as a bad business, only bad salesmen.

  5. #4
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    Well, it depends on the business. I make all the aspects of the business startup. After that look for resources.

  6. #5
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    I am the type of person that does a lot of research before making any kind of decisions on whether or not to try a new business idea / website. I like to look around and see what is successful in the field I am thinking about getting into and what isn't. I look around and check out other businesses and their websites to see what is good and bad as well as how I might be able to improve on them if they were mine.

    I think with most businesses it's best to look before you leap and start something, especially something that is going to cost money. Research is your friend when it comes to business and websites!

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    Find out who your competition is first.

    See what they are doing and then compare that to what you have to offer.

    If you don't have any competition at all, you need to make sure that you
    can successfully monetize your market before you jump into it.

    There are people who have created products or services that no one wanted.

    If you can, hang out in forums or Facebook groups where your potential
    customers may be and try to find out if your product or service can help
    them.

    You also need to find out if they would be willing to pay for it, otherwise
    you're just setting yourself up for failure.

    If you can get the attention of a large group of people in your
    particular niche, you can ask them to take a survey and find out what
    they're biggest problem is...

    And see if your product solves it.

    Then you can determine if you have a product to market match and that
    will help you to increase your odds of success.

    One more thing that you can consider is offering a portion of your solution
    for free...

    And if that resonates well with your audience, then you know you can
    fully invest in that market.

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    Sean78Black (09-10-2016)

  9. #7
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    It really depends on your model.

    If your business idea is local and the website is to support you local business idea (you can be very successful) and you can test locally and get instant results. If your idea is more global, you can test it on sites like Kick Starter, if it fits in their model. It really depends on the type of business, if you were a little more specific you'll get better answers.

  10. #8
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    Quote Originally Posted by TCoder View Post
    It really depends on your model.

    If your business idea is local and the website is to support you local business idea (you can be very successful) and you can test locally and get instant results. If your idea is more global, you can test it on sites like Kick Starter, if it fits in their model. It really depends on the type of business, if you were a little more specific you'll get better answers.
    Great point differentiating between geographical scales. That's important for SEO for sure.

    There are some business models that do exceptionally well and out-perform all others by huge magnitudes. One of such models is called the platform model.

    Microsoft is a platform business model. The platform business model serves as a base for consumer and vendor, and profits from both. Google is a platform as well.

    User contributes content on Google, Google sells content as ads. Google search is the platform.

    User buys software for their PC. Microsoft sells licensing and makes totally legit, non-monopoly secret deals with hardware suppliers that are only compatible with Microsoft OS. Windows is the platform.

    Facebook is a platform.

    Point is platforms always do the best.

  11. #9
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    The initial step would have to be analyzing your competition. Of course, you have to know first who are you up against so you can determine if your business plan is workable or not. Second is by assessing the product/service you have if this is suitable to current demands of the market. Third is to test out your business with certain individuals and see if it clicks or not...

  12. #10
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    Hey Steitieh!

    Testing a business idea shouldn't be a big task.. There are a couple ways you can test a business idea, I'll list them out for you


    1) Family and Friends - They are customers.. it just so happens you are related to them or got know them closely.
    When asking, make it clear you're looking for the truth on whether they like it or not.


    2) Mount Dream! (mountdream.com) - Just go to their website and it's pretty self explanatory.


    3) Anywhere on the Web! - Just look for Forums, Facebooks groups, Quora, whatever! Don't be to worried about people stealing your idea because it's not so much the idea as it is the execution of the product. Great idea =/= Great product.


    I would say Kickstarter, but Kickstarter is becoming more of a product launch tool than a testing tool. Just don't throw it up there and expect people to throw money at you. It just doesn't work like that.

    There you have it, Steitieh!
    Great places to start, but checkout "Mount Dream" I feel like that is a unique answer that not everyone knows

    Take care!
    Adam

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    OSHI (10-23-2016)

  14. #11
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    Adam, your post in fact is really useful
    I never heard of mountdream.com, and it seems really good, thanks for sharing.

    Besides, I agree that it's pretty necessary to analyze competition, if there is such.
    I would mention that you need:
    - Identify your competitors who succeed and, also, those who failed
    - Find out their audience
    - Learn about their promotional tools (or how they reach potential customers)
    - Find out their weak points and figure out on how can you benefit in it
    Depending on the project, for these purposes you can use such things as:
    1) Forums for webmasters (not sure that I can share links of them here, but there is a plenty of them, and I bet you already know them)
    2) Backlink analysis shows where your competitors get their online traffic from. There are paid tools (SEMrush, Ahrefs), however they have 14-30 days trial, so you can use it for free.
    3) Read reviews on your competitors everywhere it can be found. You can find it on Yelp, Google Business or specific niche websites (f.e., for tourism it would be Booking.com or TripAdvisor)
    4) Calculate risks and profits accurately

    If there is no competition, then it should be analyzed even deeper.
    Find out, why there's nobody who did it before. Most of the times, it may be considered like "I'm just smart enough to have a million $ idea that nobody even thought about", but that is an illusion in most cases. And here Quora may be useful to ask.

  15. #12
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    I didn't test my idea. As a matter of fact I want to try my luck by starting online business. This is therefore, I am looking for something that is entirely free. Reason being is, even if it doesn't work fine then at least I will have no regrets.

  16. #13
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    Try telling it to the people but indirectly if you want assessing your idea in actual. For example, if you are planning a gift shop online, ask your friends if they will buy from such shop with the given benefits. If they looks interested, go for it. You can also check how many people are implementing the idea. Check their site's ranking etc to estimate how successful they are.

  17. #14
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    I do a little research in what is happening and what is trending in the niche that I want to work in then, if it fits, I do some KW research and some competition analysis. If everything seems good at a first glance I go deeper in research and try to estimate how much money will be needed for the project to succeed, if I have that money I go for it, if not I'll keep it somewhere for future use.

  18. #15
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    What is KW research?
    I think I will try my own online business of shoes. Whereas, I am not sure if my friends will buy from it or not. This is all about luck. That's why I would like to have my store for free.

  19. #16
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    Quote Originally Posted by Salmonjames View Post
    I didn't test my idea. As a matter of fact I want to try my luck by starting online business. This is therefore, I am looking for something that is entirely free. Reason being is, even if it doesn't work fine then at least I will have no regrets.
    If you are not willing to invest (pay for necessary services), then it is NOT a "business", it is a hobby. Or possibly a learning experience, but it's not a real business.

  20. #17
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    That's fine though however, I would tell you that after getting into so many discussions and forums related to free, I finally got one.
    Now your question regarding hobby is, so let me tell you that even one of my friend is making successful sales even using simple Google forms.
    I know it sounds weird and people often say that nothing comes for free. However, there are somethings that needs to be discovered and I am hopeful that soon I will come up with something.

  21. #18
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    Build it as fast as you can and put it out there and learn from the feedback

  22. #19
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    Roind I got my site on a free eCommerce website and it worked fine for me. Even I got mobile application within a day. I would like to share it with you guys here so you guys can give me perfect idea that how it looks. Do you mind giving look?

  23. #20
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    If you have a business idea and want to test whether it will work or not then start asking people of some business community, trusted colleagues or advisors by getting an honest feedback. You can also use social media platform like facebook, twitter etc. by running some quick test ads which will definitely provide you some genuine feedback on your business idea.

  24. #21
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    When i had a business idea, i tested it by really putting up and launching the business. But i started it small, not fancy, just enough for the business to run. Then as business runs, i was able to see the results of my business idea and made the necessary changes and improvements for the business to run better and smoother and cater it's customers better. So for me, to really test a business idea, you really have to launch it and see the results. But always start small and build your way up from there so wouldn't go bankrupt when things didn't really go your way.

  25. #22
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    It's always better to take a survey before you go ahead. It will help you know whether it has a demand in the market or not.

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