5 Fast Ways to test your startup idea
As Marc Andreesen famously wrote, market need is more important to early startup success than team or even product. So before you go out and start coding, here are 5 fast ways to test your startup idea is even worth pursuing in the first place
#1 – Are people interested? Check with Google and Facebook
There are some great free tools that can help you gauge interest in a category in order to start a business. For example – Google trends tells us organic food is declining in search volume, whereas vegan food is on the rise:
Digging into the details, the Google keyword tool tells us there are a high number of searches in the US for vegan seitan, tofu and more, yet according to Google there is low advertiser competition – that is, less people bidding to appear with those keywords. A low advertiser competition can sometimes signal potential – a consumer demand with little competition from suppliers.
And using Facebook’s free ad manager can tell you size of demographic segments, for example those between 21 and 55 years old in the US who are interested in Wellness related topics (64 million people).
#2 Ambush focus groups
There is no substitute for talking to real users, but it’s easier said than done. Before starting your startup you need feedback so you can validate the idea. But friends rarely give you honest/negative feedback and response rates for unsolicited emails are abysmally low. However it’s easy to speak to potential users – go to a place there are a lot of them in one place, waiting.
#3 Put up a simple landing page and A/B test the message
It takes literally under an hour to register a domain, buy a landing page template and customize it so it looks like a real service. Once it’s up you can then integrate an A/B testing services like Optimizely or VisualWebsiteOptimizer
(they both are great products with free trials) and create variations of the messaging or title.
You can then submit the site to various forums or on social media (Product Hunt, Hacker News etc) asking for feedback, and see which proposition results in the most interest and activity on the site, as measured by click rates on the call to action buttons.
This A/B testing can help you test different concepts and messaging in parallel, and see out of them which has the most potential to consider moving forward with.
#4 Compare what’s out there today
Many startups are so enamoured with their idea they forget to check what’s out there already (or has been tried before). On the flipside, new opportunities can be found by looking at bad experiences.
#5 “Feedback-ify” your MVP
If you’ve done all those steps and the startup idea has survived, the confidence factor is a lot higher to proceed.
Once you’ve created a minimum viable product, now matter how rough, now’s the time to get as much feedback as possible. The best ways to do that are through statistics packages like Flurry which will tell you what is happening, and in-app / web survey tools like polljoy that will tell you why: what users think about your product.
Both of these tools are free, and the qualitative and quantitative data will start to give an answer on if your concept has legs and ready to take to the next step.
This is an edited version of a post originally posted at https://polljoy.com/blog/, by Simon Newstead, who is entrepreneur and angel investor, with a passion for the mobile and gaming space. Simon is currently the CEO and Co-Founder of Frenzoo, and Co-Founder of polljoy. You are free to re-edit and repost this in your own blog or other use under Creative Commons Attribution 3.0 License terms, by giving credit with a link to www.startupcommons.org and the original post.
Supporting startup ecosystem development, from entrepreneurship education, to consulting to digital infrastructure for connecting, measuring and international benchmarking.
Subscribe for updates
Startup ecosystem development updates with news, tips and case studies from cities around the world.
Are you interested to join our global venture to help develop startup ecosystems around the world?