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You should start with market validation. Would ___% of people say, "I'd pay $___ for a chair that could measure my ___?" What would the answers to those blanks
by tlb 8y ago
You should start with market validation. Would ___% of people say, "I'd pay $___ for a chair that could measure my ___?" What would the answers to those blanks have to be for there to be a good business opportunity?
If the answers suggest that you could eventually sell millions of smart chairs, you still need to start with a small, local, initial market to refine the product. Assume the initial 100 prototype chairs you make will cost 10x more than the eventual price. Who would pay 10x more? They'd have to be fanatical about their posture. Such people probably exist: perhaps some kind of body-builder by night, accountant by day.
- mettamage 8y agoThanks, seems like I'd need to go to my university and deploy a simple survey. Not that it's necessarily geared at students but I see a subsection of them being in the target market. Though, the market demand has been validated by the fact that there's an industry around it. My product idea merely differentiates it. Would it be possible to email you some questions about my actual idea? I'd really appreciate a bit of brainstorming with fellow HN'ers. My email is in my profile.
- mettamage 8y agoI currently asked 3 people formally and 2 people informally. I've learned a lot already, thanks again for the tip! I've realized that in order for me to do projects like this I should most of all be technically interested in them since the chance of them to fail is way too high. Currently, I'm obsessing over it, let's see how long it lasts.