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Dumb idea - Validating an idea for validation
by
Felix Wong
Yes...
Validating an idea for validation...
I'm curious to hear your
validation journey
What's the hard thing about validation?
How do you validate a startup idea?
Why validation is Important?
All ears 👂👂👂
When we say 'startup idea', it adds too much noise to the initial validation process as the industry(Successful Entrepreneurs, Investors) almost unanimously agree that the first step is solving the right problem.
In my early life as an entrepreneur, I've failed multiple times since I didn't understand this difference between Startup ideas vs Problems. Understanding the importance of solving the right problem i.e. the problem with enough need gap, that people are willing to pay for getting it solved and of course the problem which we want ourselves to be solved played a huge role in me building successful products later on.
When I started coaching entrepreneurs, I found this again to be the common theme for failure among early stage startups i.e. building something just because they can and hoping everyone needs it. It became a professional necessity for me to come up with a way to validate problems/need gap.
So, I started building needgap a problem validation platform where problems are the first class citizens. Posts are created by the consumers(incl. entrepreneurs) who have a problem, want to find a solution for their problem, check if others share the same problem, how ever small the problem might be. Builders can post their products in the comments if it solves that particular problem or else discuss with others to create a product to solve that problem(There are couple of products built/being built for problems from needgap).
I'm not saying I've solved the issue of validating problems, far from it. I think I now have a direction towards understanding the 'language, grammar of problems and startup ideas' which might one day result in making validation easier.
This is exactly why I want to put up this post. Thank you so much for writing this @Abishek_Muthian :)
How's the progress of Need Gap so far and what did you learn?
Thank you, as my primary goal is to identify the grammar of problems and startup ideas, so far I've learnt that identifying problems/need gaps vs startup ideas to solve them require different skill sets.
Some individuals excel at identifying problems, some in solving them if their experience lies in that sector and few of them poses both.
I'll be covering my experience in running needgap at hitstartup soon.
You're so spot on, reminds me of the Paul Graham's essay I read yesterday - http://paulgraham.com/startupideas.html
If someone is thinking about "startup ideas", it is likely a bad start.
PG's 'startupideas' essay was one of my main inspiration behind needgap, I've written in detail about the need gap behind needgap here - Startup ideas vs Problems.
I like your essay and needgap.com! Although I'm not sure it'll be a site I visit often, I will take a look later!
Thank you and it's completely fine! I didn't design needgap with recurrent frequent users in mind as not everyone will be interested in different problems and solutions for them.
Hence, there's a weekly newsletter of top need gaps which you can subscribe to by creating an account on needgap with an email or subscribe even without creating an account here.
Note: Although titled weekly, it is utmost weekly and only gets sent only when there are top need gaps and discussions.
Three simple steps:
And lastly I just start to build. With Heygamer.co i exactly followed the steps above and found my niche within the niche. Now it's matter of successfully implementing my findings 🚀
This is a very similar process to mine.
It's how I started to build [Klues] (https://klues.app/). I was already using the existing products so I knew the gaps, and I knew they're generating revenue and traffic.
One thing I'm curious to hear is how you look at the market size. Do you have any process for that or do you mostly focus on current products on the market and try to determine the size through them?
PS.: That's a nice designed website, given that you're a developer. Good job!
Hey @LukaMlakar - your product is great too!
Speaking of market size - I usually estimate the population of workers for certain industry (on social, community and platform etc)
Given you’re tapping into a crowded space, how would you improve and validate your offerings (post-product stage)?
This is really a nice strategy
Wonderful and clear! @emredemirel
Would love to hear more how do you determine whether or not there’s room for product fit?
Well,
I just spend time on SEO tools and similarweb. I check where are this website gets the traffic. Where this traffic goes. And then I do fast user experience audit for the product to determine bottlenecks etc.
I believe only looking at how traffic flows through a website/product can tell you almost everything about it.
In my case, it was gaming job boards. I am already in the gaming industry. So I know there are lots of them. And a particular one is even generating 300K+ monthly traffic with no paid advertising. So there is your validation.
Most people can think: "Damn, they consolidated the industry" In my case, it was: "They do not focus on particular job seekers." So I started to build my product around this niche. And already started to see some traction.
My problem on the other hand is a scarcity of time. I need to focus on content marketing but can't create enough time and resources to do it. If I solve, I believe I will find my spot in already-crowded gaming job board market :)
I could help you with the content marketing if you're interested.
@Joe_UrSaaSGuy Thanks but I don't think I can afford such a service at the moment :)
This comment was deleted 5 years ago
That’s a good observation. I hear you. Having a landing page and collecting e-mails are way to far from being validated.
I think you’ve a mutual mindset to see things through and place a safe bet to get stuffs done. Thanks for sharing your opinions.
@anilkilic - how can I help you?