What strategies do you use to validate a market in a niche or emerging industry?

Herklos
24 replies
I've been struggling to validate the market for my product in a niche and emerging industry (cryptocurrencies investment automation). What strategies have you found effective for confirming demand?

Replies

Zaheer Khan
I look at secondary research and reports for market trends
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Robert Pim
I creat content around the niche to see if it attracts interest.
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Steve Weatherby
I use pre orders to gauge interest before production.
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Sophia Gartner
I often run focus groups to get detailed feedback
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Tanya Sharath
I talk to potential customers and test small products versions for feedback.
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Sharon Workman
I look at social media engagement on related topics
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Herklos
Launching soon!
@sharon_workman Thanks, what tool are you using to check social media engagement?
Tim David
I run small scale experiments to test viability
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Steven Granata
"I often run surveys and analyze the responses to understand the market needs. "
Herklos
Launching soon!
@steven_granata Thanks, what survey tool are you using?
Siri Nana
"I like to create a simple prototype and get feedback from potential users. "
Latham Ryan
I run pilot programs with a small group of users.
Laiba Asghar
I use social media polls to get quick feedback.
Jofra G
I often look at search trends to see what people are interested in.
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Herklos
Launching soon!
@jofra_g How do you determine if a trend is worth pursuing?
Amit Arora
I spend some time on research but lot more time on the people who are actively working in that market. That brings more teachings for me that sometimes the secondary research reports, which were created sitting in a comfortable office without proper industry knowledge.
Hannan Moowattin
I test concepts through email marketing to measure interest.
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Jenifer Mogh
I offer a free trial to see if there’s interest before commuting.
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mini addison
I use crowdfunding platforms to test demand and get early backers.
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Herklos
Launching soon!
@mini_addison Great idea! Do you have a favorite platform?
Rafael Krueger
I analyze online forums for pain points and opportunities.
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Claudia Dennis
I collaborate with influencers to gauge interest and get feedback.
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Herklos
Launching soon!
@claudia_dennis How did you choose these influencers?
Charlos Brat
I launch beta versions to a select audience to gather insights.
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