3 Reasons Why Sell Ideas before Building Them
There are three reasons why it’s better to sell ideas before building them from scratch:
1: Reducing the risk of producing for nothing
Once you receive validation, then you have a green light for production. At this point, you have already reduced the risk of producing for nothing.
Also, if you receive bad feedback then it is a good sign. At least you know that your idea needs some more pivoting before continuing with the building phase.
2: Save time
You don’t have any risk, costs, and you also save enormous amounts of time.
3: Fastest way to make an idea into reality
It’s possibly one of the fastest ways to actually start building an idea. This is because you already know that you have potential customers for your idea.
For more detail read here:
http://d8ii.com/startups/killer-tips-for-selling-ideas-before-building-them/
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Killer tips for selling ideas before building them
1. How to sell
ideas before
building them
Killer Tips by Taiki Beaufils
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2. What is the MVP?
Minimal viable product (MVP) is the version of a new product which allows a team to
collect the maximum amount of validated learning about customers with the least
amount of effort.
It’s basically building a minimal feature of your product to gather enough opinions
from customers to see if they would buy it or not.
3. “Market research and business planning
are overrated. The best market research is
putting a product out and seeing if people
will buy it. The best business plan is to
create something great and sell it fast.”
GUY KAWASAKI
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4. What is a Lean
Startup?
Lean startup is the process for effectively creating a
new business by reducing waste (time and money)
and focusing on validation. So it comes with MVP.
Keep in mind what is MVP and a lean startup.
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5. FASTEST WAY TO MAKE AN
IDEA INTO REALITY
3 REASONS WHY SELL IDEAS BEFORE BUILDING THEM
SAVE TIME
REDUCING THE RISK OF
PRODUCING FOR NOTHING
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7. WWW.D8II.COM
1. Your ideas should be digestible – super
easy to understand at a glance.
You don’t need a fancy business plan at this point. If you can come up with
something as simple and straightforward as possible then it will help
significantly.
2. Prepare an Elevator Pitch
Just in case, you should know exactly what to say to investors, or even just
to your friends to see their reaction. This step helps you transform your
intangible ideas into tangible ones.
8. 3.Design the Interface on any Designing
Platform
Let’s say that you want to build a mobile app but you have no idea how to
code. It’s perfectly fine for you to put your idea into a design. There are so
many tools out there such as Photoshop, Illustrator, Canva etc…
You should have somewhat of an image of what the interface should look
like; such as the color, logo, and profile (any kinds of features you may
want to include in your app).
I made this with Canva under five minutes. So if you work on it properly,
you can produce a great interface.
This is your MVP.
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9. 4. Sell it, Get Feedback, and Perhaps a
Little Pivoting
Now you know what you need to say to investors. You have your awesome
design to backup your idea. It’s time to sell!
It’s possible that it won’t work at first. You may need to pivot your idea
considerably. Perhaps rethink the concept.
Don’t give up just yet, not until you have good feedback.
5. Good Feedback? Then Build a Simple
Landing Page
Finally you have caught someone’s attention! You know what to do now – build
a simple website. A one-page landing page is good enough for a kickstart. Often
times, people first build their idea, start selling, and eventually lose money and
time. This may save you from going through bankruptcy.
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10. TELL US WHAT DO YOU THINK -> TAIKI@D8II.COM
Let's make
this work.
Everyone has ideas. The only way to differentiate from them is
to actually make it happen. Just designing won’t kill you right?
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