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RE: LeoThread 2024-12-20 01:26

in LeoFinancelast month

Part 4/10:

Once a digital product idea is generated, the next critical step is validation. Hummus cautions against skipping this step, as he learned the hard way after spending months on a course that sold poorly upon launch. Validation can occur through market research, competitor analysis, and pre-selling.

  • Market Research: Utilize tools like Google Trends or platforms such as Reddit to gauge interest among potential users.

  • Competitor Analysis: Examine the offerings of competitors. If many products exist, it generally indicates demand rather than saturation.

  • Pre-sell: Before fully creating the product, Hummus suggests selling a simplified or concept version. This allows you to ascertain if there’s a market before investing too much time and resources.