PRODUCT VALIDATION | Find Out If There's a Market for Your Product.
Learning how to validate your product idea is the single most important step you can take as an inventor - yet it's usually the one most overlooked. It's not enough to just learn how to run a patent search on your product idea or to survey your friends and family to see if they like it. A true and meaningful product validation process takes time and effort. But it time well spent and it can pay off in a big way. Not only can proper product validation save you thousands of dollars and endless amounts of time and energy, but it can exponentially increase your chance of product success.
In this video I share the exact 5 step formula that I personally use before attempting to bring any of my product ideas to market. This process is just as important if you're planning to manufacture your product yourself, as it is if you're planning to license your idea. You'll learn...
HOW TO EVALUATE YOUR PRODUCT USING MY "PRODUCT SUCCESS CHECKLIST"
HOW TO DO A DEEP DIVE IN RESEARCHING THE MARKET FOR YOUR PRODUCT
HOW TO ANALYZE THE COMPETITION TO HELP YOU DESIGN A BEST IN CLASS PRODUCT
HOW TO KNOW IF SOMEONE WILL ACTUALLY SPEND MONEY ON YOUR PRODUCT, AND IF SO, WHAT THEY'RE WILLING TO SPEND FOR IT.
HOW TO CONDUCT A PATENT SEARCH WITHOUT SPENDING A LOT OF MONEY (in the beginning!)
You can also download my free "5 STEP PRODUCT VALIDATION WORKBOOK" that will walk you through step-by-step how to find out if your product has the true potential for success.
5 STEP PRODUCT VALIDATION WORKBOOK - Download here. PRODUCT VALIDATION FORMULA
PRODUCT VALIDATION TOOLKIT - Download the FREE resource guide that includes all the tools and resources mentioned in this video. Here: PRODUCT VALIDATION TOOKIT
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