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I blogged about coming up with an idea for my latest project last week: https://www.indiehackers.com/blog/how-to-come-up-with-a-business-idea https://www.indieh
by csallen 10y ago
I blogged about coming up with an idea for my latest project last week: https://www.indiehackers.com/blog/how-to-come-up-with-a-business-idea https://www.indiehackers.com/blog/how-to-come-up-with-a-busi...
At some point, I narrowed a list of 40+ idea down to 4, and then I picked one. I used a somewhat formal process to help me out, and that was to evaluate each idea based on a checklist of 7 requirements:
1. Do people need this? (i.e. have I identified a niche that I'm very confident will love what I build)
2. Can I personally do a good job marketing and distributing it? (i.e. do I know where the target customers hang out online and am I sure I can get the word out about my product there)
3. How hard will it be to avoid churn and keep retention high? (i.e. is the product set-it-and-forget-it, or at least somewhat naturally re-engaging? or will it require lots of effort from users' to keep using)
4. Is it meaningful and beneficial to the world? (i.e. will I enjoy working on it for years to come)
5. How long will it take me to build an MVP? (i.e. do I have time for this now)
6. What kind of effort will it take to keep it running long-term? (i.e. will I have time for this later)
7. Can this idea actually generate revenue? (i.e. do I have a business model in mind that has been proven to work for this kind of idea in the past)
My advice to you is to come up with a similar checklist, run through your ideas, give each a score, and go with the highest one!