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Ask IH: What would be key indicators to enter a specific (local) market?

Hi IndieHackers,

I'm curious about your approach to find a market fit for example. More specific:
Which indicators would be of great value for you to decide wether to build a product for a specific market or not. Some examples:

-Market growth (~5-10 years)
-Competition
-Risk
-Enough solvable problems?

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    This comment was deleted 8 years ago

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      Hi Ace,

      Thanks for your great and extensive answer, really helpfull! I'm validating (and I want to build :-)) a platform to crowdsource this data per (local)market. Do you think a ratio per market attribute/variable would be sufficient? Or would you like to read more substantiated reports and articles. Maybe a combination of the two?

      I'm looking for a way to quantify and crowdsource this data in a usefull platform. Hency my questions :-).

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        This comment was deleted 8 years ago