Is there a Market for Your Idea/Product? 10 Important Questions to Ask Before Starting...
This article is a summary of a YouTube video "Esiste un Mercato per la tua idea/prodotto?10 domande importanti prima di partire..." by Marco Montemagno
TLDR Using a practical and intelligent method to assess market viability is crucial in determining the potential success of a product or idea.
Using a practical and intelligent method to assess market viability can help determine if there is a market for a new project or not.
The size of the market is determined by the level of urgency, with a higher value indicating a larger market size.
The cost of value delivery should also be considered when assessing the feasibility of a product or idea.
Selling an online course can be a cost-effective business model, with low costs for hosting and using a learning management system.
Considering the upsell potential is important when launching a product, as it allows for the opportunity to sell additional features or premium versions of the initial offering, such as starting with a standard camera and later appealing to customers with a premium version.
Evaluating different elements such as market demand, longevity, and profitability can help determine the potential success of a product or idea.