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

Question

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?

Accepted Answer

I offer a free trial to see if there’s interest before commuting.

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I test concepts through email marketing to measure interest.

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I collaborate with influencers to gauge interest and get feedback.

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I analyze online forums for pain points and opportunities.

Steve Weatherby · Answer

I use pre orders to gauge interest before production.

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I look at secondary research and reports for market trends

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I launch beta versions to a select audience to gather insights.

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I look at social media engagement on related topics

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I use crowdfunding platforms to test demand and get early backers.

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I run small scale experiments to test viability

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I often run focus groups to get detailed feedback

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I creat content around the niche to see if it attracts interest.

Tanya Sharath · Answer

I talk to potential customers and test small products versions for feedback.

Answer

I often look at trends and data to see if there's growing interest in the niche.

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

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