Let's work on that idea
You have a new product idea. You're excited about it and you think it has potential.
But do you have a tiny bit of confusion whether it's really worth pursuing?
Before taking the plunge and investing time
and resources into developing a new product, there are a few key things you need to evaluate.
First, does your product solve a problem? If not, it's likely not worth pursuing. People
are only going to buy products that solve a problem they have. Second, is your product
unique? If not, it's likely that there are already similar
products on the market and it will be difficult to compete. Third, is your target market large
enough to
support your
business? If not, you may not be able to generate enough revenue to sustain your business.
We'll go through these things and take a look "under the hood" of your market and
product to make
sure you're creating a business that will stand the test of time.
So, lets get started.