What makes a good product idea?
Every startup starts with an idea. The end result of the startup depends to a greater extent on the originality and possibilities of using the idea. How do you spot a good idea?
The idea must be viable in the first place. The result of its implementation should be aimed at solving not imaginary problems, but those faced by potential consumers of the final product of a startup.
Besides, it is a good idea to be able to implement it in several kinds of final product.
In this case, out of several final products, generalized by one idea, one will certainly be successful.
It is generally accepted that every startup must go through a number of specific stages. Although it is necessary to start from each specific situation, and it so happens that you can ignore several stages, if you clearly define what will happen immediately after the start of investing in a startup.
Be that as it may, you cannot do without certain stages before entering the market. These stages are the guarantee that the product has a high chance of being in demand.
MVP (Minimum Viable Product) – the product must be provided with the minimum functionality that would ensure the solution of the tasks set for the product.
Full Working Prototype – A prototype of the product must be released and tested to identify possible flaws.
Product / Market Fit – there must be confirmation that the product is in demand in the market.
After that, form a Unique Selling Proposition, and maximize the dissemination of information about the new product in a potential sales market.
After passing these preparatory stages, you can proceed to the direct implementation of the new product.
