Is there a Market for Your Idea/Product? 10 Important Questions to Ask Before Starting...

Name: Is there a Market for Your Idea/Product? 10 Important Questions to Ask Before Starting...
Uploaded: 2023-09-01 12:03:49
Description: Using a practical and intelligent method to assess market viability is crucial in determining the potential success of a product or idea.

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.

Key insights

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Using a practical and intelligent method to assess market viability can help determine if there is a market for a new project or not.
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The size of the market is determined by the level of urgency, with a higher value indicating a larger market size.
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The cost of value delivery should also be considered when assessing the feasibility of a product or idea.
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Selling an online course can be a cost-effective business model, with low costs for hosting and using a learning management system.
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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.
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Evaluating different elements such as market demand, longevity, and profitability can help determine the potential success of a product or idea.