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Idea Validation Playbook

Validate the market

37 plays

Hand drawn illustration of

Market Demand Testing

Strategies to ensure there is a market for your customer's problem
Explore these experiments in the Validation Patterns card deck.

Compare experiments and choose what to test next with your team.

$129 · Printed deck + digital edition

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Cold Calling illustration
Cold Calling

Gauge interest from prospects with whom you have no prior contact

Concierge illustration
Concierge

Personally deliver your service to test product satisfaction

Conjoint Analysis illustration
Conjoint Analysis

Statistically estimate consumers' psychological trade-offs through surveys

Data Mining illustration
Data Mining

Crunch and combine data to discover trends in market and user behavior

Event illustration
Event

Arrange a live event to gauge customer interest

Fake door testing illustration
Fake door testing

Pretend to provide a product or feature without actually developing it

Feature Stub illustration
Feature Stub

Design the smallest thing possible that might invalidate your hypothesis

High Hurdle illustration
High Hurdle

Make the user experience more difficult to use to gauge keen interest

Mashup illustration
Mashup

Assemble a product by piecing together third-party products

Provincial illustration
Provincial

Run a test on a very small sample before launching world-wide

Run Test Ads illustration
Run Test Ads

Test several value propositions to see which converts better

Sales Pitch illustration
Sales Pitch

Present the sales pitch of your product to a potential customer

Video Demo illustration
Video Demo

Simulate a working product through a recorded video walkthrough

Wizard of Oz illustration
Wizard of Oz

Use human power to fake automation of complex tasks

Important for this playbook

Don’t build something that nobody wants

Why would you build a product if nobody will buy it when you’re done?

Once you have spoken to users and validated that the problem exists, the next step is explore wehtehr there is a large enough market to justify taking the idea further. Some users might agree that this is a problem worth solving. But are there enough of them to make up a market for your product?

Are there enough users to make up a market for your product?

Where will your users come from, what segment of users are more profitable, and how much revenue might lie in the market opportunity?

When validating market demand, you will need to research and analyzez both existing and sibling market sizes and potential demand for your idea.

By gathering information about the potential market, you will be able to make educated guesses as to the size of your target audience and how many customer you can acquire. One goal might be to establish a baseline as input to your future business plan as well as potential pricing points and models for your product.

Explore these experiments in the Validation Patterns card deck.

Compare experiments and choose what to test next with your team.

$129 · Printed deck + digital edition

Get your deck!