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CHP 4 HOW TO LOOK FOR BUSINESS IDEA - Coggle Diagram
CHP 4 HOW TO LOOK FOR BUSINESS IDEA
step 1
generate some idea
if you pay attention to your surrounding, you will notice a problem
solve the problem, need and frustration
make an existing better product
step 6
identify your market
if your idea is viable, its now time to determine whether people will pay for it and how much they. this requires in depth market research to determine who is seriously interested
how identify your market
determine your customer's demographics
determine your customer's needs
determine how your customer will learn about you
publish content to all social media
co-market with similar brands
step 2
select the best idea
notice the opportunity
share the ideas with people
step 3
research your idea
find out everything you can about your idea: whats currently being used in the market, who the top competitors are, and what you'll need to do to turn idea into a reality
step 4
refine your best idea
modify your concept a needed. if the idea wont work or if it fails the last two steps, pick another one and try,try,try again.
step 5
test your idea
to see if there is a need or interest in your idea and identify potential competitors. start developing a prototype if your idea is a physical product.
step
build a prototype or test service
build a minimum viable product
run it by a group of critics
create a marketing plan and use it.