How To Profitably Validate Product Ideas For Max Roi – Part 1

How To Profitably Validate Product Ideas For Max Roi – Part 1

How To Profitably Validate Product Ideas For Max Roi – Part 1

Creating a product that people actually want and that you are proud to call your own is a process that you must master if you’re going to excel in online business.

Why?

Because when you implement product ideas properly, they allow you to create an asset that:

*Meets peoples needs and transforms their lives…

*Positions you as the authority in your marketplace…

*Allows you to create cash on demand…

*And most importantly can be scaled to earn money on autopilot so you can finally break free from the rat race!

With that in mind, the winning Team at Systemize.ly thought that it would really help you to share a winning formula for helping you to profitably validate your product ideas for maximum roi.

On that note, let’s get you on the fast track to product validation success

Presenting The Magic Formula For Product Creation Success

One of the most overlooked aspects of product creation is the validation of product ideas. 

You see friend – most entrepreneurs never take a moment to get clear on who their audience is, or what solutions that their audience actually desires.

Don’t be like them…

Instead break the cycle of defeat by mastering the magic product creation formula that you’re about to receive.

(Your customers, your bank account, and your future self will thank you later – TRUST ME! ;-D)

Step #1: Identify Exactly Who Your Audience Actually Is And How You Can Help Them

One of the biggest mistakes that you can make as an online business owner is neglecting to create a crystal clear avatar image of who your audience actually is.

To accomplish this task, it takes both an introspective look at your audience on a gut level and by identifying the answers to the following questions:

-Who is your target audience?

-What are your target audiences deepest fears and struggles that they face on a regular basis but can’t figure out how to overcome?

-What solutions are available on the market right now that can solve their problem?

-How does the audience feel about their current solution?

-Do you have a new or better way of solving this problem?

-Are people spending advertising dollars on this audience already?

-Can you connect with them on a gut level with your concept?

-Does your audience know that they need your solution? If so how can you validate this? (survey, message board research, youtube research, amazon research…)

-Does this audience put a premium on price of value?

-After evaluating these concepts, do you want to move further?

Invest a few moments into the following questions… the answers will give you a solid foundation for the next steps in the product creation process.

Step #2: Outline The Customer Avatar Of The Audience

In this step, you’re going to build on the solid foundation from step #1. This time we are going to go deeper by creating an avatar based on the answers to these questions.

If you’re not sure what a customer avatar is, think of it as a vivid image of  your ideal customer in your target audience.

Here are some specific questions to help you accomplish this very important step:

1-What are my customer avatar’s biggest hot buttons that they simply cant stop thinking about?

2-As a whole what are “ALL” the problems that this customer avatar currently experiences?

3-Are these specific problems being addressed? If “YES”, how are they being addressed?

Step #3: Ask Yourself The “Magic” Question

After going through steps #1, and #2, you will have gathered some significant data.

Take 5-10 minutes to quickly review the data and THEN ASK YOURSELF THE “MAGIC” QUESTION:

What is the BIGGEST problem that I can solve better than anyone else in the world that applies to my customer avatar?


“The fastest way to make money is to solve a problem. The bigger the problem you solve, the more money you make”
— Steve Siebold

Once you know the answer to this question, you’re well on your way to validating your product idea so keep going, o.k.?

Next: Read Part 2 to Discover the Next Steps to Validate Your Product Ideas

Talk Soon,

Michael James
Team Systemize.ly

About the Author

Leave a Reply