From Idea to Income – How to Validate Your Business Concept
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From Idea to Income – How to Validate Your Business Concept
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In this conversation, Joshua Lee Bryant discusses the essential steps for validating a business idea before investing time and resources. He emphasizes the importance of market research, understanding customer needs, and the significance of choosing the right name and branding. The conversation also highlights the necessity of testing ideas through feedback and being open to pivoting based on data.
📈 - Do you need 1-on-1 Coaching, Marketing, SEO, or Web Design Services? Get your FREE Consultation Today: Visit https://www.joshualeebryant.com or Call Me: 423-579-3261
Takeaways
- Validation is crucial to avoid heartbreak in business.
- Market research helps determine if there's demand for your idea.
- Engage with your local community for genuine feedback.
- Don't rely on friends or family for validation.
- Choosing a memorable and available name is key.
- Use tools like Google Trends for market insights.
- Create a landing page to gauge interest before launching.
- Be open to feedback and willing to pivot your idea.
- Testing your idea can be done without a big budget.
- Validation is about finding what works, not proving you're right.
Sound Bites
"You can test it."
"Not every idea is a winner."
"Will people pay for this?"
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