![]() Crowdfunding is another great form of validation. ![]() You can also setup an online sales page to test your idea. Request their feedback on your tech product. Once you’ve determined that a market exists for your product, then the next step is to validate that people will actually buy your product.įor example, one way to validate your new product idea is to make a sales flyer to share with potential customers or retailers that carry similar products. ![]() In reality though, having some competition is actually good because it proves there is a market for your product idea. In fact, many people panic and think it’s the end of their project when they find a competing solution. When most people do competitive research a common misconception is to think that finding any competition is bad. You need to first research the competition and confirm that a market exists for your product. Market research, patents and product validation Skip these initial steps at your own peril. Unfortunately, too many people skip past these critical early steps, since most people want to get right into developing their product.
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