There are plenty of entrepreneurial spirits here on steemit. All sorts of business ideas have popped up in the one year I have been here.
I discussed this topic last year and want to put it out there for people again....
How can you see if a business idea is any good?
First - Test The Idea
The bottom line is you want to try and produce something that fills a need. Find something you are passionate about, but ensure that passion translates into interest from others if you plan to make it a business venture.
How do we test a idea?
In today's tech world we are spoiled with ways to do this. You can throw ideas out there for no or low cost and see what sticks. This can be used to test brand names, products or services.
Let's use an example
Say you want to start a business selling widgets and there are three different types of widgets you can sell.
However, you are not sure which widget has real demand and you are not sure what to call your business.
Well, this is where places like steemit and dare I even say facebook come in handy.
A good next step is to pick a couple business names, a widget to go with them and put them out there.
For instance:
• WidgetWorld. com where you sell Widget A
• FindYourWidget. com where you also sell Widget A
You can then promote these many places like:
• Putting them on PeerHub.com
• Doing small Facebook marketing campaigns to
• Even emailing a list of leads
• And of course posting about it on Steemit can't hurt either!
Feedback
We get inexpensive feedback from doing these things. If people like, comment, buy, upvote, etc. enough than you know there is some real interest and can move forward.
Conclusion
Obviously this is not an end all solution, but a quick way to gauge interest in a business idea before diving in head first.
Best Regards,
Good info bro! I am wanting to start my own business pretty badly, I just need to lockdown what that business is going to be.
Find some stuff you like and then test, test, test and see which one gets interest. Then boom you know which :-)
Really useful information, I have started a few websites that didn't go anywhere and put way too much time into them before moving on. I wish I had thought of / read this before.
Now you have it for the future. I'm doing alot of testing with my scaredycatguide website.
One advice I would like to add is to look for similar businesses that came before you and see what made them succeed or fail. Like Mark Cuban said, if you have an innovative business idea, there is a 99.99% chance someone has done it before.
Exactly! There is nothing that is 100% new. Most stuff is re-purposed and/or repackaged. That is why prior people/products can me used as models.
Good one
Great post! Thanks for sharing some wisdom
upvoted it, very interesting insights.
Definitely worth an upvote and a resteem :]
Good info with great examples, thanks. I have followed you and re steemed. All the best
great info,awesome work!!!
thanks....keep sharing