Validate your idea
You can use crowdfunding websites to validate your product idea and raise funds in the process. You can also create a landing page on MailChimp and start collecting leads just to see how well the promotion goes and whether the niche that you choose has any demand. One quick way to do that is by running a few paid ads to direct users to your landing page and measure the performance of your ads.
The worst thing that can happen is choosing a niche with low demand, registering your company, and having your website up and running, only to realize that nobody wants your products or services.
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Identifying the skills needed for the future
Developing a growth mindset
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Types of MVP
- Video MVP {A video that explains your product or solution to measure traction}
- The Concierge MVP {idea that when you’re just starting out you don’t need to be able to handle thousands of customers, you just need to make one customer happy} great way to validate your hypothesis
Assemble yourself
Hardware startups face a problem where they need a minimum order for a factory production run, but don't have the funds. Without a product, they can't generate the growth to raise the money to manufacture the product.
While crowdfunding, (pre-orders) can help a lot, it is advisable to assem...
Automate Your Workflow
The easiest way to build a useful product is to automate some part of your daily workflow which ensures you’ve got proven demand for your product and a pre-existing funding source.
Successful examples:
- MailChimp: built a tool that would streamlin...
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