How to come up with a business idea?
Askthis question to any business mentor or experienced businessman, their answer wouldbe to create such product or service that can resolve people's problem, oroffer something that people are looking for. Means in business, it is all aboutcustomers. If people take interest in your offering, your business can reachthe highest of success otherwise you will be nowhere. But the problem is howyou will know that people want your product or not.
Well,I have come up with a solution. Here is the list of 5 techniques by which youcan ensure that your Startup brings the solution that people want:
Take feedback from People
Theidea of any business is focused on people's needs. What they are looking forand how they want. If you have got that idea, then it is time to take a reviewfrom people. What do they think about offering? You can present an option forfeedback on your landing page, describe what you do and then ask for feedback.For existing customers send them mail and tell them to share their experiencewith your company.
Early Discounts and Cashback
Toattract customers to your customer, offer them products at discounted rates itis also known as an "early bird" offer. Offer early customerssomething they hopefully can't refuse. Here, you need to make sure the offerisn't too good. Otherwise, when your value proposition returns to a more"normal" level, your first-time customers can be your last-timecustomers.
Run Some Advertising Survey
Alot of entrepreneurs fail even after making a great product or service because;they failed to share the advantages of that great product or service. Here,running a few ads to test various marketing strategies can work great. If youdo not want to invest a lot in it; Facebook advertising is relativelyinexpensive. When you make something people want, just let them know and youwill surely get success.
Do Campaign and Advertisements
Although,early campaign and marketing are mostly failing to generate interest, thesestrategies let people know about your product or service and make them take aninterest in your offering. In the worst case, if people do not come to you thatmeans, you aren't making something people want, or that you aren't marketing itin a way that engages potential customers. In both ways, you learned something.
Find People's Interest
Atthe initial phase, friends and relatives are the best sources of feedback. Butmake sure that they are giving real feedback or just saying what you want tohear. Here, you should go strangers;when you meet people you don't know and ask for an option, most people will begentle.
Butwhen it comes to buying the product, then you will know the truth what theythink. Ask for feedback. Take advice. And, never give up. Do what every greatsalesperson does and sell your product at the best price with your skills andknowledge.
Itis the best way to know whether you've made something people are interested,and the perfect way to know if your concept will create the foundation for asuccessful business.
Hopethis list will help you to introduce the right business idea and grow in themarket. If you have just entered the market looking for strategies to getestablished, Startup City can helpyou. It is a business magazine designed especially for startups. Get featuredin the magazine and showcase your product or service to the world. Besides,often visit the Startup City site tosay updated about the latest trends in the entrepreneurial world.
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