What Is The Best Way To Think About Startup Ideas? |Startup Guide
The best way to find a good idea is to try to solve a particular problem or pain that you have.. If you have a problem and others share this problem, you might be involved in something. If no one else shares your problem or if it is not big enough, you might find that there is no market for your solution. You have to ask many different people, not just your friends and family. It is better to have a small group of users who really want your solution than a large group of users with little interest.
We have listed some ways to help you to develop ideas for a startup.
Identification of problems
When the founders of Whatsapp started their business, they wanted to solve the problem of high costs for global discussion. They are not worried about income, nor do they focus on funding. They just want to solve problems with working solutions. Then, we all know what happened to WhatsApp. It was acquired by Facebook for $ 19 billion – the largest technology acquisition ever – in just five years. Try to develop ideas that affect you. Then fix it to increase your chances of success with Investor Parks.
Think of the future
Have you seen most of the science fiction films come true one day? The reason is simple: films are full of ideas that can change the world. For example The Terminator. This film is the first of its kind to bring the phenomenon of intelligent robots to the screen. It was released in 1984. At that time, even new home computers were new. Currently, Boston Labs is working on smart robots, and Google and Facebook are working on a common system for computer vision and machine learning to make intelligent robots a reality.
When planning a startup idea, think about what the world will look like in the next five years and develop the ideas behind it. It is best to ask what is missing in the present and then use the idea. Incidentally, watch science fiction films to get rid of your creative juices.
Monitor market gaps
They must look for loopholes where competitors in the market become lazy and lose contact. “Rupert Murdoch
One of the best ways to think of creative startup ideas is to observe market failures. Every product on the market today has a gap that can be easily closed with new ideas.
Do you remember summer? Application combines news from various sources in one stream. It was released in 2011, at a time when most news sources did not even have their own websites. With this intermittent technology and perfect start time, the company has acquired Yahoo for $ 30 million and managed the app store for some time. There are gaps everywhere and you just have to see it to find it.
Analyze your skills
Today, with technology embedded in our lives, we believe that all startup ideas must be technology-based and that startup cannot be started without programming and technical expertise. That is wrong.
Ideas can be built on top of everything. The best way to find ideas is to know your own abilities and problems that you can solve. The result must be to solve the problem that is hampering progress.
If you are a digital marketer, find people who need marketers. It doesn’t matter if your startup is annoying, at least it helps people solve their problems, and that’s very important.
Talk to customers
Products are manufactured to solve customer problems. Just ask their weaknesses before thinking of a product idea. First, analyze the market you want to touch. For example, applicants are looking for talented people, but finding people who truly meet job requirements is too difficult.
To begin with, you can talk to recruiters about what kind of candidates they want and how the process can be simplified. Now check the market to see if this problem is only caused by a small number of dialers or the general HR audience. If the survey shows that a wider HR audience faces a problem, you have the right product.
Know what the trends are
The best way to quickly realize your business idea is to follow trends. If you are interested in merch design, it is very useful to find modern ideas. A startup got this idea in just two months, more than 50,000 US dollars. They sell emoji masks to consumers and make them in Chinese factories – the whole story is quite interesting and good for anyone who goes into this business. A major breakthrough occurred when they released the Hunting Products website and received more than 5,000 orders.
Knowing trends or trends in the coming months and then brainstorming unique startup ideas is a great way to generate huge profits.
Think of the low-cost version
One way to get to the market and reverse it is to issue a cheap version of a product. Think of Uber and Lyft, two popular high-altitude applications. For trips to Uber, which cost $ 20, traditional taxis cost more than $ 50. This makes this application popular among users because of the very low rates. It is also interesting that the Lyft and Uber racers still make decent profits at such low prices. Therefore, if you can develop a creative startup idea that is low and able to invade the industry, you have the idea of success in your hands.
The first step to start a startup is the idea phase. I have outlined seven ways you can develop consumer ideas. If you follow these tips, hopefully you will find great startup ideas that will be useful for you and the world.
Let us know by commenting below.
Read Also :- 1. How to Start a Gift Wrapping Service in India?