I have a new idea for a travel technology company - how would I validate the idea/market/etc?
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This is an innovative idea that does for a particular part of the travel market what AirBnB has done for accommodation or what TaskRabbit has done for odd jobs, but I need to validate the idea and market first.
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Answer:
Give your start up idea the following test: 1. Do you have a product or service niche in mind? 2. Do you believe you have a market for 1 above and the means to reach it? 3. Are you willing to develop a business plan using the tool kit linked below to validate 1 and 2 above before you launch? http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/how-write-business-plan%5C%5C http://www.bplans.com/sample_business_plans.php If the answer to the above questions is yes then take the actions indicated, observe the results, and make an informed decision on whether or not to proceed. For assistance consider the free mentors who are experienced in your field at the following sites; you call the shots, pick the individual you feel can help and obtain free advice you can use: http://www.micromentor.org/ http://www.score.org
Ken Larson at Quora Visit the source
Other answers
I am going to suggest some nice articles. http://www.inc.com/ilya-pozin/how-to-validate-your-start-up-idea.html You must be signed in to read this answer.Connected to GoogleConnected to FacebookBy continuing you indicate that you have read and agree to the . Loading account...Complete Your ProfileFull NameChecking...EmailChecking...PasswordChecking...By creating an account you indicate that you have read and agree to the .
Anonymous
The best thing is to make a deep research using the internet becaus...
Shahar Deutsch
Ask the people here. Quora is one of the best places of concentrated knowledge on startup-stuff on the web :) what better place to validate your idea? And in general: talk about your idea to many different people, gather feedback, improve the idea and when you feel it's time start building it.
Philipp M. W. Hoffmann
If you follow the lean methodology, any way to get early feedback is a good way. Do a presentation about your idea, post the concept to any website, build something minimal and try to get some early adopter paying for it.
Anthony Tresontani
Setup a http://launchrock.co/ page and get people to signup for your idea. If people are interested in your idea, they will signup. Then, build the MVP of your idea and share it with the people who have signed up on your launchrock page. Take feedback and modify your idea until you get it right.
Ruso Bhattacherjee
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