Have you ever had those moments when you feel like you?ve suddenly come up with a great idea that could translate into a really great business?
Hardly anyone is a stranger to that. When inspiration strikes anyone can think up a great idea!
The strange thing though is despite the abundance of great ideas there aren?t enough businesses that are birthed from them.
Why do you think this is so?
Could it really be that difficult to go from Point A to Point B- and that is to take a great idea and turn that into a business?
This is precisely the topic that we want to touch on today. We want to talk about the steps that veterans can take to instantly turn an idea into a business.
Without further ado, let?s dive into it!
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Click here to listen to How Veterans Turn An Idea Into A Business podcast on Stitcher.
Click here to listen to?How Veterans Turn An Idea Into A Business podcast on iTunes.
The Traditional Way
?If anyone of you has ever gone to business school one of the first things they will tell you is that when you think you have a good idea you have to find a way to test the market first.
You will be encouraged to get a bunch of people together and do some studies on them- ask them how they feel about the product, make them answer surveys and do general market research.
This is all fine and good if you’re a big company like Dell or Apple. However, we can safely assume that most veterans will not have the budget to do this kind of market study especially if they are just starting out.
The Easiest Way To Test The Market
As previously mentioned many of those who are just starting out will not have the capability to launch all different kinds of market and feasibility studies. A more realistic approach is to look for the easiest way to test the market.
If you ask us the easiest way to test the market is this- put a price on your product and try to sell it!
?Do this even if the product doesn?t exist yet. In a sense what you are trying to do is get the customer to buy it before you build it.
The easiest way to do that is to create a sales page and get that sales page in front of potential customers.
Conclusion
Starting a business can be scary thing. We get and understand that but that doesn?t mean that your good ideas have to wait or even go to waste.
What we want to emphasize in this post is test your market and know how to do it in a manner and budget that works for you. Additionally, accepting credit cards and moving to online payments can also help you reach more customers. Payment service providers provide tools and services that streamline transactions and ensure secure payment processing.
Once you do that you can minimize risks and really be on your way to turning what was once just a good idea into a great business!
Good luck!
Click here to listen to How Veterans Turn An Idea Into A Business podcast on Stitcher.
Click here to listen to?How Veterans Turn An Idea Into A Business podcast on iTunes.
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