Internet Marketing

How to Get New Business Idea? Before Launching

Get New Business Idea Start Launching

Get New Business Idea Start Launching

Get New Business Idea Start Launching
Do you have an idea for the “next big thing”? You may think your idea is perfect the way it is, but it’s wise to test it out before you spend a lot of time and money developing a business or product for which there’s no market. Here are six steps to help you make sure your product is something the world wants, before you launch it.

1. First wait; then build a prototype or test service.

Although you’re excited about your new business idea, you might want to wait a while before testing it, Greg Isenberg, a venture capitalist and serial entrepreneur, said in a 2014 interview.

2. Build a minimum viable product.
A minimum viable product, or MVP, is “the simplest form of your idea that you can actually sell as product,” said Eric Ries, a Silicon Valley-based entrepreneur and the author of “The Lean Startup” (Crown Business, 2011).

3. Run it by a group of critics.

When you have your first prototype or test service ready, take it to your potential target customers.

4. Tweak it to suit your test market.

5. Create a test website with social media tie-ins.

6. Create a marketing plan and use it.

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