How to find product ideas like a serial entrepreneur ?

Question

Hi, I'm @advait_vaidya 

I'm a PM by profession but I like to create my own MVP and side projects. I struggled with coming up with ideas as I always tried to look in different markets where I didn't have previous experiences or simply no one to talk to for coming up with problem statements to solve. 

In July 2020, I was doing my own research in interior designing industry. I had no experience there also. I started talking with different stakeholders and doing online surveys. And during doing that survey I came up with a survey market untapped. 

Key takeaway: During building a product if you look closely, you will get idea for another product.

Thanks and definitely want to hear more from the community about how you come up with a product ideas.

Nevo David · Accepted Answer

You stop looking for ideas and start looking for problems :)

Alexey Shashkov · Answer

@advait_vaidya Cool question.

My method: 
1. I'm looking for products that are popular and read reviews from users – what those products doing badly. 
2. Then I'm trying to write a product vision and evaluate this idea. 
3. If I can to create a better copycat - I'm trying to build it.

advait vaidya · Answer

@advait_vaidya @new_user_24675653ae yup, all the G2, Capterra etc reviews are gold mines to be leveraged

Fernando Nikolic (mindfold.co) · Answer

An angle to consider: Write about the topic(s) you're interested in, and build your audience while doing that. Then, when you've reached a critical mass: Ask your audience.

Once you have the attention of an audience that (1) is your target and (2) you own, then build the product.

Sophia Taylor · Answer

Wow, interesting discussion

Eugene Narciso · Answer

I always find inspiration for a new product/services around me. For example, during Christmas, I needed to boil 2liters of water and thought, I wish there's a pot with measurements etched into the pot itself (like a large measuring cup). There might be product(s) similar to it already but I feel like the cookware market should have more of it. Free idea right there :-)

Devanand Premkumar · Answer

@fernikolic1 That is one pretty interesting angle to consider. Write and share your knowledge and be in a niche where your heart and mind is.

It is told that we can find gold where our mind is focused. The more you write to help others solve their problem, natural reciprocity will help you too :)

Getting inputs from audience once again strengthens the belief system and further helps the idea mature from a seed into a strong product. Feedback matters.

Answer

@advait_vaidya @shashcoffe It's great not just for new ideas but also for improving existing products. I use the reviews to find features to add to existing products.

Moritz Wallawitsch · Answer

@nevo_david Or even easier: ...start looking at your own problems ;)

advait vaidya · Answer

Update: I jotted down my journey from a non programmer to launch a SAAS product in 3 months ✍️ - https://cutt.ly/jjrwdwW

Seph · Answer

@advait_vaidya @new_user_24675653ae @jozshuszi I plan to do that, yes! The 2.0 version will have a few (200+) web apps, but the next version after that will surely contain more (I focused on iOS and chrome extensions this time, I didn't take too much time to gather more SAAS).

Seph · Answer

@advait_vaidya @new_user_24675653ae nice! This is how I find project ideas myself too.
That's why I'm making a list of poorly executed products (Validated ideas). I will launch the 2nd version of this list tomorrow if you are interested.

Jeremy Cleverly · Answer

Might be over simplifying some, but identify a problem.  Ideally a problem that affects a lot of people...then create a simple, yet elegant solution.

Khalid Belghiti · Answer

@nevo_david best answer here :D

Answer

I like to leverage other's successes :). Look through comments in product support forums of successful products to find ideas for add-on products or services to sell to their customers.

How to find product ideas like a serial entrepreneur ?

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