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23 Comments

When do you know that your idea will never work??

We all been there and faced these issues. We believe in an idea and work towards to success, but after sometimes you feel it is not connected to your heart as you thought it would be.

What is your experience on this?? What are the signals to identify your idea will never work ??

Thanks

on September 22, 2019
  1. 3

    You know your idea will never work when you solve your own problem then stop using your own solution.

  2. 2

    I'm thinking of shutting down a Shopify project not because there's not necessarily a market, but because I don't have the time to dedicate to doing it properly. By shutting it down, it'll free some mental bandwidth.
    I've learned a fair bit from the project, so while it cost me around $1200 (+my time) over 6 months, I see it as an educational cost.

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        Featherposter.com Scientific posters printed on fabric.

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          Interesting idea. That's a pity you are going to shut it down.

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            Thanks. Right now it's a money sink, so it's a bit tough to justify. It's an idea I had when I was in grad school, but now that I've graduated, I don't have that network anymore. It's much harder to sell something when you're not in that world.
            Though it help me identify a small gap in Shopify app store... ;) Would love to chat, though I'm not sure it's in my budget to hire you right now.

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              Curious whether you pay for anything other than Shopify Basic plan at the moment.
              Makes sense.

              I'm not really interested in Shopify app development as client work these days. However it's interesting for me to chat about what you identified. Can you send me an email to "my first name" @ asoft.co?

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                Currently paying for basic and uploadkit. So something like $60 Canadian/month. Plus the space it takes in my head... ;)

    1. 1

      Sometimes Cost and time also be idea killer! Well said.

  3. 2

    Here's a quote which I find very useful:

    "On its path to success, a startup must solve two key problems. The first is to develop and distribute a product that creates significant new value for its users. The second is to capture a meaningful proportion of that value."

    The first question is all around 'jobs-to-be-done' - i.e. does a genuine problem exist, for whom, and how are they solving it at the moment?

    The second question is a commercial question. Presuming you are creating value for users (i.e. the first question is positive), will people pay directly or indirectly for it?

    I've been working on an idea for 18 months and still working on the first question. I'm not convinced I've done it the right way, and it seems much healthier to take multiple, smaller bets rather than put all your energy and focus into one unproven idea.

    1. 1

      Good ideas takes time and effort. Well said!

  4. 1

    when heroku pulled the plug.

  5. 1

    Honestly, I consider this to be a really hard topic, because it's not easy to find out what exactly is the problem.

    1. Are you marketing towards the right target group? In fact, what is your target group?
    2. Do you have a good positioning or does your landing page not connect to your target audience.
    3. Are you building something nobody wants?

    There are many things which you could probably do wrong and I think you have to find out what exactly is the problem. I think the best approach is to really measure and observe your progress. Especially interview or write emails to potential customers and ask them why they like/dislike your product, how they got aware of you, what they would improve...

    We are also very new in this topic and actually struggling to make people to get aware of our project (https://turtle.community). I have the impression that marketing is really much effort. Many people say that you have to try lots of different approaches and that marketing is not a one-time effort.

  6. 1

    It's very, very hard to know. In fact, many, many failed Dotcom startups now have analogous companies who have recently taken the same idea and made it into a success.

    Webvan was a horrible failure. How could you deliver groceries to people over the internet profitably??? Well, it turns out the idea was just 15 years before its time. Instacart made a great business doing exactly that.

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      What do you think changed in that time?

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        The economy grew, servers got far less expensive and a whole lot of people got online (and used to buying online).

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          Also, Not adapting to the new generation of users.

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      This comment was deleted 7 years ago.

  7. 1

    I can never say for sure but I would have severe doubts if I have to offer it for free to get people to use it. Another one would be if I am having trouble explaining how it works or why someone would buy it.

    1. 1

      I agree with the not able to explanation part.

  8. 1

    What are the signals to identify your idea will never work ??
    Never say never!

    1. 1

      Looks like a Belieber !

  9. 1

    This comment was deleted 7 years ago.

    1. 2

      What is your estimated time period for this find out??? 3 months???

      1. 2

        This comment was deleted 7 years ago.

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